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Co is engaged in the biz of trdg & distribution spare parts for heavy eqmt and industrial machinery, design and mfr and barge/vessel chartering.
Insight
Nov-11, Co said in its 3Q11 result that it will maintain a cautious outlook for 2011 as the global economic recovery is disrupted by uncertainties arising from the on-going debt crisis in Europe. [+]Nov-11, Co said in its 3Q11 result that it will maintain a cautious outlook for 2011 as the global economic recovery is disrupted by uncertainties arising from the on-going debt crisis in Europe. Feb-11, Co said in its 4Q10 report that it is expecting to complete the acq of a 51%-stake in Aries Offshore S'pore by 2Q11. Together with the recent addition of Semua Group's oil and chemical tankers in Sep-10, the Aries acq should strengthen Co's operating vessel fleet and contribute positively to FY11. Jul-10, Co to set up a JV Co with Valuepart Europe SPA in the PRC for the purpose of expanding its heavy eqmt parts biz.
9M11 turnover jumped 21.3% mainly due to the increase in sales revenue from Design & Mfr segment and Trdg & Distribution segment. Coupled with a total of $13.8m gain on sale of leasehold ppty, earnings jumped more than 3-fold. (08/11/11-JL) [-]
Co focuses on the exploration and pdtn of O&G ppties in the Asia-Pacific region.
Insight
Jul-11, Co's oil and gas (O&G) arm Loyz Oil had finalized an agmt with Rex O&G for exploration activities in 35 areas across the Asia Pacific region. Rex O&G offers tech that may reduce exploration [+]Jul-11, Co's oil and gas (O&G) arm Loyz Oil had finalized an agmt with Rex O&G for exploration activities in 35 areas across the Asia Pacific region. Rex O&G offers tech that may reduce exploration risks and costs. May-11, Co's subsi, Loyz Oil proposed placement of 12m preference shrs at $1 each to fund its push into the upstream energy sector. Mar-11, Co through its subsi, Loyz Oil, signed a term sheet with Rex Oil & Gas, to jointly explore 35 areas within the Asia-Pacific region, such as India and Indonesia. Oct-10, Interlink Petroleum declares oil discovery in its recently drilled Bavla-8 well, around 40km from Ahmedabad. Apr-10, Co proposed to acq 47.9% stake in Bombay Exchange-listed Interlink Petroleum from Jit Sun Invs and Interlink director and investor Kenneth Gerard Pereira for $12m. Interlink, a public limited co incorporated in India, is engaged in the exploration and pdtn of oil and gas. Jul-09, Co received $3m of the $5m it paid as deposit for the acquisition of Chase Perdana.
FY11 revenue jumped 15% mainly due to recovery of residential ppty mkts. However,earnings dropped 32.7% mainly due to higher FX losses as well as higher expenses. (05/10/11-JL) [-]
Established to acquire, develop and manage commercial real estate in China. [1H11 Turnover] City Center (64.2%), Central Plaza (21.4%), Treasury Bldg (7.5%), Central Avenue Mall (5.8%), HuaiHai Mall (1.1%).
Insight
Jul-11, Co recorded $764k of income available for distribution to unitholders, while its income for distribution to unitholders was $12.7m, represents $0.05 per unit committed by Co for 1H of the yr. [+]Jul-11, Co recorded $764k of income available for distribution to unitholders, while its income for distribution to unitholders was $12.7m, represents $0.05 per unit committed by Co for 1H of the yr. Co has completed the acq of Huai Hai Mall in Shanghai China with payment of $109.5m financed by its equity and bank loans. Apr-11, Co completed the acquisition of a 55% interest in Central Avenue Mall, Qingdao, PRC. Co will pay the acquisition thru' Rmb105m in cash & issuance of 5-yr convertible bonds for $6.93m carrying an annual coupon of 6% p.a with a conversion price of $2.80/unit. Mar-11, Co confirmed that a 10 yr lease pre-commitment for 3,768 sqm of retail space was secured with global retail leader Marks & Spencer as an anchor tenant of Co's City Center ppty in Shanghai.
Co registered an increase of 7.8% in revenue y-o-y, supported by the continued improvement in its asset base that witnessed a 9.28% increase in value in Rmb terms for 1H11. (01/08/11-XL) [-]
Mobile internet co with interests in mobile handsets, mobile value-added svcs, leading edge internet comm and computing svcs.
Insight
Co is now poised to consolidated the acquisitions and aggregate the Supply Chain Mgt to reduce procurement costs of mobile handsets. It opined that there is further large scope of VAS/svcs to be [+]Co is now poised to consolidated the acquisitions and aggregate the Supply Chain Mgt to reduce procurement costs of mobile handsets. It opined that there is further large scope of VAS/svcs to be preloaded on mobile handsets to get annuity revenue amidst availiability of the vast platform of mobile handsets. Meanwhile, Co expects new competitors to continue to enter the mobile internet, VAS, mobile devices and other managed svcs that it ops in. Oct-11, Co had completed the acquisition of remaining 49% stake in loss-making 51%-owned I-Gate Hldgs fro US$300k via proceeds from its rts issue, as well as completed the disposal of ppty in Uttar Pradesh, India for INR120m, or a gain of INR14.98m. Earlier, Co raised $146.4m net proceeds via 1-for-1 rts issue at $0.055/shr, and had $36.5m balance for utilisation as of end Oct-11.
1Q12 deeper into the red largely on costs incurred in respect of its acqusition of Affinity Group, Newtel Group, and Spice-CSL from 1Q12, Jan-11 and Dec-10 resp. (28/10/11-XCL) [-]
Investment Merits
Extensive geographical reach, stretching from ASEAN to the United Arab Emirates.
Co has penetrated successfully into developing countries through acquiring the local leading brands.
Co is engaged in the provision of a comprehensive range of waste mgt, cleaning, recycling & horticultural svcs.
Insight
Sep-11, Co's wholly owned subsi 800 Super Waste Mgt entered into an MOU with FutureNRG Asia and Solutions Using Renewable Energy to dvlp pjts concerning the utilisation of biomass wastes generated [+]Sep-11, Co's wholly owned subsi 800 Super Waste Mgt entered into an MOU with FutureNRG Asia and Solutions Using Renewable Energy to dvlp pjts concerning the utilisation of biomass wastes generated from horticultural & landscaping activities, stable wastes, wood wastes & food or kitchen wastes. Initial stages of cooperation will require all parties to undergo an evaluation of the feasibility of such pjts, scheduled to be completed within 6 mths. Co is designated by National Environment Agency for public waste collection in 'Ang Mo Kio - Toa Payoh' district (1 out of 9 district) and public cleanliness in 'North - East' district (1 out of 5 district) in Singapore. Under Building & Construction Authority's classification of 'Maintenance - MW02: Housekeeping, Cleansing, Delisting & Conservancy Svcs', Co has achieved the highest grade of 'L6' which allows Co to bid for pjts above $13m in that category.
FY11 earnings took a $0.6m (11.3%) drop despite a $8.2m (11.7%) increase in operating revenue. This was mainly attributable to the increases in disposal charges and the absence of $1.2m subsidies in the form of Job Credit Scheme in FY11, increasing employee benefits expense. (07/10/11-AC) [-]
Investment Merits
Co is one of the four licensed public waste collectors appointed by the National Environmental Agency
Co is the only company in Singapore awarded with the BCA Grade 'L6' in MW02, allowing it to bid for tenders for housekeeping, cleansing, desilting and conservancy contracts of any value in Singapore's public sectors
Strong order book that will ensure continuous revenue inflow for Co
“My father is a great man. He saw something beyond his seemingly mundane work of frying Hokkien Mee and turned it into a higher calling.” Mr Yong Tan says fondly of Mr Tan Kue Kim, otherwise known as the legendary “Hokkien Mee Master”. Read More »
One of the pitfalls in buffets is that quality is sometimes sacrificed for quantity. Buffet themes are also nearly as fickle as Singaporeans’ tastebuds. A buffet that is able to maintain quality in the face of variety and keep customers coming ...Read More »