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Headliners (C&G EP, Hyflux, UE, AIMSAMPI Reit)
Headliners | 06 July 2012
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By: Ong Qiuying
Articles (131) Profile

C&G In Final Negotiations For Rmb980m Project
C&G Environmental Protection Holdings has been selected as the first preferred bidder of the Guiyang waste-to-energy (WTE) project. The project is designed to have a daily handling capacity of 2,000 tonnes and would be able to generate up to 48 megawatts of electricity annually. The Guiyang WTE project is valued at an estimated Rmb980m ($195m). The plant will be able to serve its surrounding area of 8,034 sqkm and a population of 4.3m. Lin Yan, executive chairman and group chief executive officer, remarked that the selection of C&G as the first preferred bidder marks a milestone for the company in its strategic expansion into major Chinese cities, after Dalian. Being the first preferred bidder, C&G will now commence final negotiations with the Guiyang authorities regarding the final terms and conditions of the project agreements. Should negotiations be successful, the project would be the largest for C&G both in terms of design capacity and investment amount.

Hyflux Opens New Innovation Centre
Hyflux unveiled its new global headquarters, the Hyflux Innovation Centre (HIC), setting the stage for its next phase of growth. The HIC will serve as the nerve centre of Hyflux’s operations. It will house the engineering design and technology commercialisation departments that integrate the technologies developed out of the company’s research and development (R&D) laboratories into viable, cost-effective and sustainable solutions for the global water industry. Hyflux also intends to move its R&D laboratories to HIC when the lease at Hyflux Building ends. Olivia Lum, executive chairman and chief executive officer, said that Hyflux believes its next phase of growth will be innovation based and that the company needs to “do better with less”. In the last 8 years, Hyflux has extended its reach beyond Singapore and China to the Middle East and other regions. The new headquarters is a testament of this expansion as Hyflux strives to concentrate its nerve centre in Singapore.

United Engineers Clinches Contracts Worth $70m
UES Holdings (UESH), a subsidiary of United Engineers, has been awarded 3 environmental contracts worth over $70m. 2 of the contracts were awarded by the Public Utilities Board (PUB) for projects at the Changi Water Reclamation Plant and are worth a total value of approximately $56.3m. Johnson Tang, managing director of UESH, singled out the 2 contracts as further validation of its proven engineering capabilities and reflects PUB’s confidence in its ability to execute technically challenging projects within tight timelines. The other contract that was signed was for a WTE project at a poultry farm in Singapore, valued at approximately US$11m ($14m). The project is expected to address the environmental problems created by the waste generated at the poultry farm. With the inclusion of these projects, United Engineer’s environmental engineering order book will swell to over $94m. The contract wins could also boost United Engineer’s future earnings as it looks to diversify its revenue streams.

AIMS AMP REIT Secures New Tenants At 27 Penjuru Lane
AIMS AMP Capital Industrial REIT announced that it has extended 55% of the underlying leases at its 27 Penjuru Lane property to FY16 and FY18. The property’s master lease expires in FY13 and the trust has been actively looking to reduce its lease expiry risk and achieve positive rental growth at the same time. The newly secured sub-tenancy agreements will generate rental returns which are 7.5% higher than the current master lease terms on a weighted average basis. The trust is currently in negotiations regarding the renewal of underlying leases for the remaining 45% of the 90,506 sqm net lettable area once the master lease expires. Nicholas McGrath, chief executive officer of the trust, said that with the new agreements, the trust’s underlying lease expiry exposure in FY13 will be reduced significantly to 18%.

Qiuying oversees the construction and real estate investment trusts sectors at Shares Investment.

Please click here for more information about this author.

C&G Environmental Protection Hldgs  -- -- --   
Business: Co develops and operates waste to energy plants in China.

Insight: Mar-19, FY18 Co remains a cash company and no rev... 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
United Engineers  2.600 -0.02 -0.76%   
Business: [FY17 Turnover] Engineering & distribution (25%), property development (27.1%), property rental & services (24.3%), manufacturing (15.8%), corporate services & others (7.8%).

Insight: May-18, 1Q18 revenue fell marginally by 0.8% to $1... Read More
AIMS APAC REIT  1.440 -0.010 -0.69%   
Business: Co is a real estate investment trust with a focus on distribution activities, business park activities and manufacturing activities.

Insight: Feb-19, 3Q19 gross revenue slipped 0.8% to $88.2m ... Read More


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