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Headliners (Koh Brothers, SingTel, AsiaPhos, Boustead)
Headliners | 11 October 2013
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By: Ong Qiuying
Articles (131) Profile

Koh Brothers Sets Up First Precast Plant In Iskandar
Koh Brothers Group announced that its wholly-owned building materials unit, G&W Group has kick-started operations at its first precast plant in Senai, within Iskandar, Malaysia. The unit invested $13m for 47,000sqm of freehold land for the precast plant, which is expected to boost G&W Group’s precast plants to 96,000sqm in land size, and total precast concrete capacity to approximately 150,000 cubic metres per annum. The plant, equipped with 6 production lines served by 12 gantry cranes, will manufacture a full range of precast components for residential and industrial buildings and infrastructural use. Furthermore, its strategic location which is close to the company’s headquarters in Singapore, ensures highly efficient supply-chain management as well as greater cost efficiencies.

SingTel’s Optus Inks A$60m Deal With Virgin Australia
SingTel’s Optus Business has inked a new A$60m agreement with airline Virgin Australia to deliver domestic and international telecommunication services over 5 years. The services will be delivered over Optus’ managed data network which has the resilience and scalability required to meet Virgin Australia’s critical quality assurance standards. The appointment by Virgin Australia was after fulfilling the evaluation of a wide range of criteria including partnering approach and regional delivery capability. Just last month, Optus also signed a deal of A$530m with the Australian and New Zealand Banking Group (ANZ), which will see Optus providing the banking group with telecommunications and managed services for another five years. This win, coupled with the win from ANZ last month is further proof of Optus’ recent restructure to bring together all its people, assets and capabilities into 1 organisation.

AsiaPhos Makes Strong Debut; Closes 58% Above IPO Price
AsiaPhos’ shares closed 58% above its offer price of $0.25 in its trading debut, making it the best performing initial public offering so far this year in percentage terms. Its shares hit an intra-day high of $0.485 and ended the day at $0.395. AsiaPhos owns exploration and mining rights to 2 phosphate mines in Sichuan, China, with a total permit area of 5.5sqkm. As at 31 Dec-12, it had 22.2m tonnes of measured and indicated resources, and 18.8m tonnes of inferred resources. Notably, its initial public offering had been about 3.8 times subscribed, with veteran commodities investor Jim Rogers and French financial services firm, Credit Industriel Et Commercial, allotted 5% or more of the invitation shares. AsiaPhos intends to use $11.5m of its net proceeds of $21.6m raised to fund part of its rebuilding programme in Sichuan, which had been disrupted by the 2008 earthquake and another $8.5m will be used to develop and expand its mining operations.

Global Contracts From Oil And Gas Industries Secured By Boustead
Boustead Singapore announced that its Energy-Related Engineering Division (ERED) has secured contracts of approximately $38m from the oil and gas industries globally. These contracts involve work ranging from design, process engineering to process heater system installation services for upstream and downstream oil and gas developments, primarily in Norway and Russia. Executive director of Boustead, Wong Yu Loon, expressed that the ERED has excelled in securing new contracts in FY14, with over $140m in energy orders so far, significantly surpassing the value of energy orders secured for the whole of FY13. Wong added that the outlook for ERED remains bright as Boustead actively pursues enquiries globally to provide its specialist expertise in process heater systems, waste heat recovery units and process control systems. Currently, its order book back log is also raised to $523m, which could possibly translate to a better looking financial statement when the contracts start getting realised.

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

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Koh Brothers Group  0.205 +0.005 +2.50%   
Business: [FY18 turnover] Construction & building materials (97.7%), real estate (1.5%), leisure & hospitality (0.8%).

Insight: May-19, 1Q19 revenue rose 17% due to higher contri... 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
AsiaPhos  -- -- --   
Business: A resource mining company with rights to explore and mine phosphate. [FY17 Turnover] Downstream (86.3%), upstream (13.7%).

Insight: Aug-18, 2Q18 revenue, mainly contributed by revenu... Read More
Boustead Singapore  0.780 -0.005 -0.64%   
Business: A global infrastructure-related engineering services & geo-spatial technology firm. [FY18 Turnover] Real estate solutions (48.8%), geo-spatial technology (28.2%), energy-related engineering (23%).

Insight: Feb-19, 9M19 revenue surged 25% as contributions i... Read More

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