Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning […]
Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning […]
US construction spending spiked in January, with investment in public projects rising to a more than 8-year high, which could boost economic growth estimates for the first quarter. The US Commerce Department said on Wednesday that construction spending jumped 1.3%, the largest increase since last April, after a revised 0.8% fall in December. Economists polled […]
Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning […]
FLASH: Sales of new US single-family homes rose 7-month highs in December Other data Tuesday showed an acceleration in growth in the vast services sector in February, powered by a surge in new orders. The moderation in the pace of hiring fits in with expectations of slower economic growth as the stimulus from a $1.5-T […]
FLASH: US construction spending edged down 0.6% in December with declines in residential construction and government projects. On the year, construction spending rose 4.1% to $1.3-T an all-time high, but the 4.1% gain was the weakest performance since spending fell 2.6 % in 2011. Even with the December setback, construction spending for all of Y […]
Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning […]
More Americans signed contracts to buy homes in January as lower mortgage rates gave the real estate market a boost. The National Association of Realtors (NAR) said Wednesday its pending home sales index rose 4.6% last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen since peaking at nearly 5% in early […]
The luxury tower, which rises 240 metres tall, will include a 289-room St. Regis hotel and 432 residences Work is progressing at the Dhs1.2bn Palm Tower, the 52-story tower that is set to open this year in Dubai’s Palm Jumeirah. The luxury tower, which rises 240 metres tall, will include a 289-room St. Regis hotel, […]
$BAC US real estate brokers are trying to figure out why sales of existing homes dove in December. US home sales fell to their lowest mark in 3 years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors […]
President Trump, “America’s Top ‘Promise Keeper’” US President Donald Trump has tallied almost 300 of his Administration’s achievements, and has “surpassed those of former President Reagan,” according to the Washington Examiner. The Examiner’s Paul Bedard, in his “Washington Secrets” column, writes that President Trump’s “administration has counted up 289 accomplishments in 18 categories,” culminating in Supreme […]
Atlanta Fed Lifts Q-3 GDP Prediction to 4.7% $DIA, $SPY, $QQQ, $RUTX, $VXX The next GDPNow update is Wednesday, 5 September. The US economy is growing at a 4.7% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity. This is now […]
The Atlanta Fed Lifts Q-3 GDP Growth View to 5% The US economy is growing at a 5.0% annualized rate in Q-3 following the latest data on construction spending and manufacturing activity, the Atlanta Federal Reserve’s most-recent GDPNow forecast model showed. That is faster than the 4.7% pace calculated by the regional Fed’s forecast program […]
Atlanta Fed Lifts Q-2 GDP View to 4.1% The US economy is growing at a 4.1% annualized rate in Q-2 following the latest data on consumer spending, the Atlanta Federal Reserve’s GDPNow forecast model showed Monday. The latest estimate on gross domestic product growth was slower than the 3.7 percent pace estimated Friday, the Atlanta Fed said. […]
President Trump’s Border Wall is Under Construction Promises made, promises being kept. The 1st 14-mile section of President Donald Trump’s border wall along the US-Mexico border is under construction in San Diego at a cost of $147-M. Construction started Friday at Border Field State Park in San Diego. The wall will stand between 18 and […]
US Home Construction +9.7% in January Groundbreakings on new homes jumped 9.7% last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale. The US Commerce Department says housing starts came in at an annual pace of 1.33-M in January, up from 1.21-M in December […]
Single-Family Home Construction Hits 10-Year Highs US homebuilding rose in November, with the construction of single-family housing units running to 10-year highs Housing starts increased 3.3% to a seasonally adjusted annual rate of 1.297-M units, the Commerce Department said on Tuesday. That was the highest mark since October 2016. But October’s sales pace was revised down […]
US Construction Spending Rises 1.4%, Best Gainer in 5 Months U.S. construction spending surged 1.4% in October, the best gain in 5 months, with all major categories of building posting gains. The October spending increase was the 3rd monthly gainer after more modest advances of 0.3% in September and 0.5% in August, the Commerce Department said […]
US New-Home Sales Spikes 6.2% to 10 year Highs Americans bought new homes in October at the fastest pace in a decades, a 6.2% monthly increase that reflects both the underlying strength of the economy and a shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally […]
Real Estate: The Most Valuable Residential Lands in the USA At the Pacific Ocean on the West and the Los Angeles Country Club at the East, the 90402 Zip Code is prime Real Estate. In fact, according to a new study, it is the most exclusive address in the USA It is not about the […]
US Stock Indexes Post Record Highs Despite Las Vegas ‘Horror’ $DIA, $SPY, $QQQ, $VXX The S&P 500 and the DJIA traded just below record highs touched at the open Monday, in a strong start to Q-4, boosted by financials and healthcare stocks and after economic data pointed to underlying strength in the economy. Shares of […]
US Manufacturing Beat Estimates in September, Hit 13.5 Yr Highs September ISM Index (actual: 60.8 consensus: 57.8; prior: 58.8) August Construction Spending (actual: 0.5%; consensus: 0.2%; prior: -1.2%) A measure of US manufacturing activity surged to a near 13.5-year highs in September as disruptions to the supply chains caused by Hurricanes Harvey and Irma resulted in […]
Surprise: July US Housing Starts, Permits Decline Sharply US home-building fell in July amid broad declines in single and multi-family home construction, suggesting the housing market is still struggling to rebound after slumping in Q-2. Housing starts declined 4.8% to a seasonally adjusted annual rate of 1.16-M units, the US Commerce Department said Wednesday. June’s […]
Shares of Boral Ltd (BLD.AX) are on watch as the Tenkan Line has moved below the Kijun line, indicating negative momentum for the equity. Boral Ltd moved -0.03 in the most recent session and touched 6.89 on a recent tick. Traders are paying renewed attention to shares of Boral Ltd (BLD.AX). The current 14-day RSI is presently sitting at […]
Adelaide Brighton Ltd. (ASX:ABC) HEFFX Highlights Needle moving action has been spotted in Adelaide Brighton Ltd (ABC.AX) as shares are moving today on volatility 0.91% or 0.05 from the open. The ASX listed company saw a recent bid of 5.57 and 973735 shares have traded hands in the session. Taking a deeper look into the […]
Boral Limited (ASX:BLD) HEFFX Highlights Boral has escalated its fight with the Construction, Forestry, Mining and Energy Union (CFMEU) and is threatening to sack 110 workers at its De Martin & Gasparini (DMG) concrete subsidiary in NSW unless they sign an agreement compliant with the new building code. The issue was highlighted in a report […]
US Home Construction Stalled, Continuing Growth in Question $DIA, $SPY, $QQQ, $VXX May Housing Starts and June Preliminary Consumer Confidence Starts: -5.5%; 1-family: -3.9% Permits: -4.9%; 1-Family: -1.9% Consumer Confidence: down 2.6 points The downward trend in home construction does not augur well for growth in 2-H Business leaders and owners, whether they are involved […]
China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia China Construction Bank (Malaysia) Bhd (CCBM) is the first foreign commercial bank to be granted a banking licence in Malaysia in six years. CCBM is the third China-based bank in Malaysia after the Bank of China (Malaysia) Bhd and Industrial and Commercial Bank of China (Malaysia) […]
HEFFX Initiates Coverage on CapitaLand Limited (SGX:C31) Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 3.81. The projected lower bound is: 3.55. The projected closing price is: 3.68. CAPITALAND closed up 0.060 at 3.680. Volume was 24% below average (neutral) and […]
Sino Thai Engineering and Constructn PCL (BKK:STEC) HEFFX Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 25.90. The projected lower bound is: 23.26. The projected closing price is: 24.58. SINO-THAI ENGI closed down -0.100 at 24.600. Volume was 66% […]
HUD to Get Builders to Hire Low-Income Residents HUD Secretary Ben Carson, 65 anni, said Thursday that that his agency would tap into a little-used federal program that requires builders for hiring low-income residents to work on construction projects. “We’re going to put much more emphasis on Section 3, which requires HUD builders to use […]
US Construction Spending at 11-yr Highs US construction spending in February rose to the highest marks in about 11 years on a spike in the building of homes, highways and schools across the nation Construction spending rose 0.8% in February to the highest marks since April 2006, after 2 months of declines, the US Commerce […]
Key Dubai-Abu Dhabi Highway Improvement to Begin Immediately Dubai’s ruler approves $327M of road projects to improve Abu Dhabi traffic flow The Al Yalayis and Al Asayel roads are designed to enhance links between Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road and Emirates Road Vice President and Prime Minister of the UAE and Ruler […]
Tight Market Governing US Housing Recovery The US housing market, a Key economic driver, is very tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis. But persistent pent-up demand among would-be homeowners could cause builders to boost construction, helping to ease pressure on the market for new […]
The Trump World Golf Club Dubai is set to open in 2018 Tiger Woods reviews Dubai golf course progress with developer Damac Golfer Tiger Woods reviewed the progress of the golf course designed by him at the Akoya Oxygen project in Dubai, developer Damac Properties announced Thursday. The American professional golfer designed the Trump World Golf Club […]
Penthouse at Sydney Tower Breaks Record with $26-M Sale Unidentified buyer purchases 4-bedroom apartment at Opera Residences Sales of Sydney’s 20-story, yet-to-be-built luxury development Opera Residences have reportedly kicked off with a record. The four-bedroom penthouse was purchased for A$26-M (US$19-M), an Australian record for an apartment, according to Domain Australia. The unidentified buyer, a […]
Iran is open for business, what does it mean for GCC companies? In January this year, senior diplomats from around the world formally announced the lifting of sanctions against Iran. In principle this put a definitive end to 37 years of various degrees of sanctions imposed on the country. Boardrooms of global Fortune 500 companies […]
Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development $DIS Four new luxury hotels are planned, a larger Convention Center, plus updated infrastructure is tied to the planned ‘Star Wars’ Land. Anaheim, California real estate developer-friendly and $6-B in recent investment, much of which is derived from Disney’s upcoming Stars Wars Land. The $6-B includes […]
Singaporean Businessmen Vow to Boost Trade, Investment in Myanmar Singaporean businessmen in Myanmar have vowed to boost trade and investment of the county, official media reported Wednesday. The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and 47 Singaporean businessmen jointly made a business dialogue and networking session over the last 2 […]
Iran Starts Construction on 2nd Nuclear Power Plant Iran began building its 2nd nuclear power plant with Russian help Saturday, the 1st such project since last year’s landmark nuclear deal with world powers. The project in the southern port city of Bushehr will eventually include two power plants expected to go online in 10 years. […]
There is ‘Gloom & Doom’ in the Eurozone Business Sector While the Eurozone economy has proved resilient to multiple uncertainties such as Brexit, Key business surveys in Europe’s 2 biggest economies, Germany and France has poured a bucket of cold water on the rising optimism. The Ifo Business Climate Index, which is a highly-regarded early […]
Kuwait Scraps Nuclear Power Plans Ministry says alternative sources are more cost effective Kuwait’s Ministry of Electricity and Water has reportedly scrapped plans to build a nuclear power plant citing cost concerns. The country had planned to obtain a licence for the project from the United Nations. Kuwait Times reports that the ministry decided […]
China Construction Bank Corporation(HKG:0939) HEFFX Outlook HEFFX Notes China Construction Bank Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 5.41. The projected upper bound is: 6.02. The […]
Kuwait Plans Smart, Environmentally Friendly City South Saad Al-Abdullah City has been designed to accommodate 400,000 people Kuwait has unveiled plans for what is claimed to be the 1st smart, environmentally friendly city in the Middle East. South Saad Al-Abdullah City has been designed to accommodate 400,000 people over an area of 59 sqk with […]
The Week Ahead on Wall Street $PFE, $PG Earnings season continues with 119 S&P 500 companies reporting. Included in this group are DJIA components Pfizer Inc. (NYSE:PFE) and Proctor & Gamble Co. (NYSE:PG), which will both report Tuesday. Economic Reports The week’s 1st economic reports to Wall Street will be the July purchasing manager’s manufacturing index (PMI), the […]
Dubai Business Conditions Improved in June The Emirate saw the fastest rise in new work since March 2015, according to the Emirates NBD index Dubai’s private sector posted stronger growth in June, mainly due to improving business conditions in the travel and tourism and wholesale and retail sectors, according to the monthly Emirates NBD index. […]
US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5% from April, according to Dodge Data & Analytics. Much of the growth came from the nonbuilding construction sector (public works and electric utilities), which was lifted […]
Ft. McMurray Canada Readies for a Complete Community Rebuild Ft. McMurray, Alberta, Canada, the Gateway to the Canadian Oil Sands, saw wildfires ripped across an area more than 7X bigger than New York City last month. The inferno was most expensive natural disaster in Alberta’s history. It is now expected to help boost a local […]
Demand Globally for Flame Retardant Chemicals to Grow $BASFY, $DD, $DOW The market, valued at $6-B in Y 2014, is anticipated to reach $10-B by 2020, growing at a compound annual growth rate of about 10% between Y’s 2015 and 2020. In terms of demand the build and construction sectors lead. That is the conclusion […]
Offshore Buyers Drive Canadian Home Prices Higher or Are They With house prices up by double digits in Canada’s Toronto and Vancouver areas, offshore buyers, mainly from China, have fueled public concerns over whether they are inching the Canadians’ home-ownership dream further out of reach. These concerns have been dismissed by local economists, who say […]
The Week Ahead on Wall Street $MDT, $KORS, $AVGO The US financial markets were closed Monday for Memorial Day. This week only 3 members of the S&P 500 will report Q-1 earnings to Wall Street as this season is winding down, they are: Medtronic (NYSE:MDT) Tuesday, Michael Kors Holdings (NYSE:KORS) Wednesday and Broadcom (NASDAQ:AVGO) on Thursday. Economic Reports […]
Philippines Seeing Strong Domestic Demand Continued demand for capital and consumer goods drove imports growth of 11.7% in March this year, the National Economic and Development Authority (NEDA) said this week. The agency reported that imports reached US$6.4-B from 5.7-B in the same frame last year. “This is on account of higher purchases of capital […]
Dubai’s Burj Al Arab Opens New Luxury Terrace The beach leisure facility was built and shipped from Finland Dubai luxury hotel Burj Al Arab unveiled its new beach leisure facility, called the Terrace, Wednesday. The facility, operated by Jumeirah, was opened by Vice-President and Prime Minister of the UAE and Dubai’s ruler His Highness Sheikh […]
US Home Sales Up More Than Expected $DIA, $SPY, $QQQ, $VXX US home resales rose more than expected in April, suggesting the economy continues to gather pace in Q-2. The National Association of Realtors said on Friday existing home sales increased 1.7% to an annual rate of 5.45-M units. March’s sales pace was revised higher […]
Donald Trump “Channels” FDR with New Deal Approach Donald Trump is set on fixing the USA’s crumbling infrastructure “channeling” FDR’s New Deal. Donald Trump’s plan to repair the United States’ aging/crumbling infrastructure, which includes roads, bridges, tunnels, and the power grid could end up moving him a bit to the left, because of the massive […]
Warner Bros To Open Mega Theme Park In Abu Dhabi $TWX The $1-B park at Yas Island is scheduled to open in Y 2018 Abu Dhabi will soon open a new $1-B Warner Bros, a unit of Time Warner (NYSE:TWX) themed destination, it was announced Tuesday. Located on Yas Island, the development will include a […]