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Headliners (UOB-Kay Hian Hldgs, Hyflux, Sembcorp Industries, Yangzijiang Shipbuilding Hldgs, SingTel, StarHub, M1)
Headliners | 16 December 2011
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By: Andy Chor
Articles (7) Profile

UOB-Kay Hian To Acquire Malaysia’s Innosabah
UOB-Kay Hian Holdings (UOB-Kay Hian), Singapore’s largest stockbroking group, has entered a share purchase agreement to acquire Malaysian licensed broker Innosabah Securities (Innosabah). Under the proposed deal, UOB-Kay Hian will purchase Innosabah’s entire paid-up capital of 51.1m shares from Kretam Holdings. The purchase consideration is set to be the sum of the adjusted net asset value (NAV) of Innosabah on a consolidated basis as at 31 Dec this year and a premium of RM15m. As at 31 Dec 2010, the NAV of Innosabah was RM40.6m. Innosabah is licensed to deal in securities while its subsidiary Innosabah Options Futures is licensed to trade futures contracts on Bursa Malaysia.

Hyflux Forays Into Power Business
Hyflux has commissioned a power plant for its Tuaspring project, the company’s second and largest desalination plant in Singapore. According to various specialist power publications, the company had in earlier this month awarded a US$300-400m deal to Siemens to construct a 411 megawatt power plant and along with it entered a long term-service agreement which is reportedly worth $343-$515m. In Oct, the company had secured gas feedstock for the environment-friendly power plant via a gas sales agreement with BG Group. Construction of the Tuaspring project is slated to start this year-end, with commencement of operations by 2014.

Sembcorp Opens First Industrial Water Reclamation Plant In PRC
Sembcorp Industries opened its first industrial water reclamation plant in China on 13 Dec. The $21.5m plant is capable of producing 20,000 cubic metres of industrial water per day and up to 4,000 cubic metres of demineralised water per day for customers in the Zhangjiagang Free Trade Port Zone. Commenting on the plant’s opening, Tang Kin Fei, Sembcorp president & chief executive officer, says, “We have efficient and technologically-advanced facilities in Zhangjiagang that can provide wastewater management and solutions for water reuse to customers in the free trade port zone. Besides serving their water requirements, we also help our customers and the local government protect the environment”.

Yangzijiang In JV With Qatar Government
Yangzijiang Shipbuilding Holdings (Yangzijiang) announced on 12 Dec, that it would be investing a total of US$205m into two separate joint venture (JV) companies with the Qatar Investment Corporation. Under the agreement, Yangzijiang will subscribe to a 50%-stake in YZJ Offshore Engineering (YOEPL) at the initial stage, with the Qatar Investment Corporation subscribing to the remaining of YOEPL’s US$110m share capital. Within 3 months of YOEPL’s incorporation, Yangzijiang and YOEPL will invest a further US$150m and US$100m respectively in YZJ Offshore Engineering (China) Co (YOECCL). YOECCL will then carry on the business of turnkey construction, fabrication/repair of offshore oil and gas marine vessels and platforms.

Leaner 2012 For Local Telcos
Credit rating agency, Fitch Ratings (Fitch), is predicting a slimmer 2012 for all three telecommunication companies (telcos) here. Fitch notes that people are texting, talking less while consuming more data which carry lower margins. The cause of this change in consumer behaviour stems from the smartphone revolution that is gripping the local populace. Besides having to contend with lower margins, competition is expected to intensify as the NextGeneration Nationwide Broadband Network (NGNBN) goes online. Fitch feels that this development will put SingTel on the defensive as it finds itself being challenged by StarHub and M1 on several fronts. StarHub on the other hand, might have to brace itself for a decline in average revenue per user in its pay-TV segment because of higher competition from SingTel’s mioTV and the “potential launch of M1’s cable services”.

UOB-Kay Hian Hldgs  1.210 +0.010 +0.83%   
Business: Co is a regional broking and corporate finance services group. [FY17 Geographical] Singapore (51.6%), Hong Kong (25%), Thailand (13.2%), others (10.2%).

Insight: Aug-18, 1H18 total income rose 14.3% to $208m main... Read More
Hyflux  -- -- --   
Business: Provides integrated water management & environmental solutions. [FY17 Turnover] Municipal (82.5%), industrial (16%), others (1.5%).

Insight: Mar-19, 9M18 revenue sank 75% due to lower enginee... Read More
Sembcorp Industries  2.100 -0.01 -0.47%   
Business: Primarily engaged in the production and supply of utilities services. [FY18 Turnover] Utilities (55.9%), marine (41.8%), others/corp (2.2%), urban development (0.1%).

Insight: May-19, 1Q19 revenue fell 10.1% to $2.5b due to lo... Read More
Yangzijiang Shipbuilding (Hldgs)  0.950 -0.020 -2.06%   
Business: Co is one of the largest non-state owned shipbuilders in China. [FY18 Turnover] Shipbuilding (58.1%), trading (32.8%), investments (6.7%), others (2.4%).

Insight: Apr-19, 1Q19 revenue jumped 26.8% to Rmb6.3b due t... Read More
Singtel  3.160 -0.01 -0.32%   
Business: Asia's leading communications group. [FY19 Turnover] Mobile Comm (31.1%), Data & Internet (19.2%), Infocomm Technology (17.5%), Sale of Eqmt (16.5%), Digital Biz (7.2%), Fixed Voice (5.2%), Pay-TV (2.1%), Leasing (0.8%), others (0.4%).

Insight: May-19, FY19 operating revenue remained flat at $1... Read More
StarHub  1.280 -0.010 -0.78%   
Business: [FY18 Turnover] Mobile (34.9%), sale of equipment (22.4%), enterprise fixed (21.6%), pay TV (13.2%), broadband (7.9%).

Insight: May-19, 1Q19 total revenue rose 6% to $596.8m attr... Read More

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