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Netrove, a regional boutique financial advisory firm today signed a collaborative agreement with FPT Securities of Vietnam whereby FPTS will work with Netrove closely in sourcing, assessing and advising local Vietnamese companies for investment by foreign institutions, overseas expansion or foreign IPOs & M&As. FPT Securities is based in both Hanoi and Ho Chi Minh City and is a full service Vietnamese investment bank with more than 200 staff across Vietnam.
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London (Thomson Financial) – FoaMasters International Ltd. reported a higher full-year pre-tax profit, despite some challenging operating conditions in the second half and said it remains confident of further growth in 2008. The China-based foam products maker said for the full year to the end of December its pretax profit increased to 8.9million pounds from pro-forma 6.65 million a year ago and revenues rose 42 percent to 102.6 million pounds. It said although it has plans to grow organically, it will consider acquisition and investment opportunities.
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FoaMasters International Limited (FoaMasters or the Company) (AIM: FOAM), a leading Asia-based manufacturer and producer of high-quality polyurethane flexible foam and finished products, is pleased to announce a trading and operational update, ahead of the release of its maiden Preliminary Results for the year ended 31 December 2007 in April 2008.
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Hong Kong – Hong Kong – Flexible foamer and bedding producer FoaMasters International Ltd has become the first Chinese foam-making company to list on the UK’s AIM (alternative investment market).
However, the recent softness in the stock market has led to the firm downgrading its original investment plans by $ 23.5 million to $ 11.5 million, because it has gathered only around half of the $ 5 million that it hoped to raise.
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Mobile advertising forecasted to be worth US$14.4billion by 2011
PIXEL MEDIA, ASIA’S LEADING ONLINE advertising sales network today announces that it has officially launched its mobile advertising solution in partnership with Nokia Ad Business, a leading global mobile advertising marketplace.
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HOUSEBUILDERS were yesterday big market winners as the City placed a huge bet on the Bank of England cutting interest rates.
Taylor Wimpey topped the bluechip risers with a 15p increase to 203p, while Barratt Developments and Persimmon advanced 26p to 467p and 36p to 796p respectively. Despite this, Taylor Wimpey and particularly Barratt, remain favourites to be relegated from the top flight at next week quarterly index reshuffle, following a disastrous few months for the sector.
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IT doesn’t take long in a bear market for defensive stocks to find their way back into investors portfolios. Take British American Tobacco, up 18p at 1898p today after Credit Suisse repeated its outperform rating and jacked up its target from 1800p to 1950p.
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The company, founded in 1964, makes a range of foam products. Customers include Toys R Us, Ikea, Littlewoods, Land of Leather and Staples.
The market is competitive. There are 2,000 polyurethane makers in China, with around 10 to 20 as large as FoaMasters.
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Asia Pacific – Pixel Media has promoted general manager Winky Chan as managing director for Hong Kong and Singapore and made a series of promotions and new hires across Asia as the company seeks to capture the growing market share in online advertising in the region.