Profits Power

Dec 3 (Reuters) - Singapore Airlines said on Monday it was in discussions with interested parties for the possible divestment of its 49 percent stake in British carrier Virgin Atlantic. SIA did not name the interested parties, but Reuters reported on Sunday that Delta Air Lines Inc has held recent talks to buy SIA's 49 percent stake in Virgin Atlantic, citing two people familiar with the matter.

(Reuters) - Indonesian private equity firm Northstar Group is expanding into take-private deals, agreeing to buy a majority stake in Singapore-listed Nera Telecommunications ( NERA.SI ) and offering to buy the entire company for around $146 million, in a sign of growing ambition among Asia's private equity firms. Norway's Eltek ASA said it has agreed to sell its 50.05 percent stake in Nera to Northstar, part-owned by TPG Capital TPG.UL, for S$88.8 million ($72.6 million) or S$0.49 a share. Northstar will extend the same offer for the remaining shares in a mandatory unconditional cash offer. Northstar's offer, through wholly owned subsidiary Asia Systems Ltd, is a 6.3 percent discount to Monday's closing price for telecoms group Nera, whose operations include satellite communications and payments solutions. Northstar, like many other emerging-market private equity funds, has previously focused largely on taking a minority stake in private companie...

Distributable income for Ascott Residence Trust grew one per cent to S$25.6 million, compared to last year's Q3. Distribution per unit (DPU) for the quarter was 2.24 cents.

The company reports a 49 per cent increase year-on-year in net profit to S$19.58 million for the three months ended Sept 30. Revenue rose to S$142.3 million in Q3, up from S$123.6 million for the corresponding three-month period last year. Earnings per share were 2.69 cents, up from 1.74 cents. Its directors have declared an interim dividend of one cent per share for the third quarter.

Ever wonder what stock to buy on a budget? Take a look at euNetworks. They are traded on SGX but have their operations in Europe. They are in the red but they are improving in terms of their sales. This could be a potential stock to hold on to if you have the power to hold. A potential take-over target but with the crisis in Europe now, we are not sure if this stock will take off anytime soon.

So is it true you can find gold deposits using satellite? Maybe in the future yes but not at the present time. Find groundwater instead of gold using satellite will be more feasible.