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Headliners (Yoma, HPH Trust, Keppel Corp, Asiasons, LionGold)
Headliners | 24 October 2013
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By: Shane Goh
Articles (99) Profile

Yoma To Run Volkswagen’s First Service Centre In Myanmar
Yoma Strategic Holdings announced that its 70%-held subsidiary, German Car Industries Company, has entered into a service partner agreement with Volkswagen Aktiengesellschaft. Under the deal, Yoma will operate Volkswagen’s first service centre in Yangon, scheduled to commence operations in Oct-13. The service centre will provide maintenance and repair services for Volkswagen branded vehicles, including the sale of genuine vehicle parts to existing vehicle owners. The partnership underscores Yoma’s strategy to bolster its automotive operations in Myanmar and strengthens its position in the country’s burgeoning automotive industry. Following the deregulation of the importation of cars in Myanmar, Yoma’s partnership with Volkswagen provides a head start for a potential longer term collaboration with the latter and would enjoy a first mover advantage in Myanmar.

HPH Trust Slumps From Lower Earnings In 3Q13
Hutchinson Port Holdings (HPH) Trust’s revenue for 3Q13 rose 1% to HK$3.4b, up from HK$3.3b in 3Q12, but fell 0.2% for the year-to-date ending 30 Sep-13. However, HPH Trust posted HK$539.2m in profit after tax to unitholders for the quarter, down 8% compared to the same period last year, due to higher operating and financing costs. As a result, distribution per unit attributable to unitholders decreased 8.4% to HK$0.0619 from HK$0.0676. With the exception of the trust’s Yantian International Container Terminals, overall container throughput has fallen 4% y-o-y. HPH Trust’s performance is largely dependent on container volume, which is linked to the economic performance of North America and Europe. Even though US bound trades are gradually picking up and showing signs of recovery, however the austerity measures and the EU’s (European Union) high unemployment rate could hamper the rate of EU container volume.

Keppel Shows Tough Chin Amidst Difficult Conditions
Keppel Corporation has kept its chin up and showed its resilience in the tough operating conditions by delivering a strong set of quarterly results on 17 Oct-13 which showed that it is well in position to achieve the projected net profit of $1.5b for FY13. This also comes as no surprise where most analysts maintained their “buy” rating on the stock. This confidence was not earned easily as competition within the environment Keppel operates is extremely tight. Despite that, Keppel’s operating margins for 3Q13 of 16.5%, which is higher in comparison to all 3 prior quarters, indicates that it is able and has kept a lid on costs and is still able to price its rigs competitively. Year-to-date, Keppel has secured $5b worth of new offshore rigbuilding contract, bringing its total orderbook to $13.7b, with deliveries into 2019.

Asiasons, LionGold, Probably Still A Go For Traders
Trading volume is possibly expected to pour in for penny stocks such as Asiasons Capital and LionGold Corporation as these 2 counters had their trading restrictions lifted by the Singapore Exchange (SGX) on 21 Oct-13. Asiasons and LionGold have both seen strong run-ups in their stock prices this year until a suspension on trading on these counters were issued by the SGX on 4 Oct-13 as a result of large falls. On 6 Oct-13, SGX banned investors from contra trading and short-selling them. As trading for these counters have stabilised, SGX said on 18 Oct-13 that it would lift the restrictions on such counters. LionGold was trading above $0.70 since Jan-11 before reaching a high of $1.755 on 27 Aug-13. LionGold shares closed at $0.29 on 23 Oct-13. Asiasons was also trading above $0.30 since May-12 till a high of $2.68 was hit on 24 Sep-13. Asiasons closed at $0.235 on 23 Oct-13. A brokerage house mentioned that there are some fundamentals in both Asiasons and LionGold, which could underpin their rise, and that an accumulation for such counters might possibly be seen.

Currently pursuing his Chartered Financial Analyst qualification, Shane provides coverage on the property, consumer and environmental sectors at Shares Investment.

Please click here for more information about this author.

Yoma Strategic Hldgs  0.315 -0.010 -3.08%   
Business: Co operates mainly in Myanmar under several business segments. [FY18 Turnover] Automobile (40.5%), real estate (20.8%), real estate services (18.4%), consumer (12.9%), financial services (6.2%), investments & others (1.2%).

Insight: Feb-19, 3Q19 revenue jumped 12.1% to $27m mainly a... Read More
LionGold Corp  -- -- --   
Business: Co has interests in gold mining and exploration companies in Australia and Ghana.

Insight: May-19, FY19 revenue rose 18.6% due to increased t... Read More
Keppel Corp  5.840 -0.12 -2.01%   
Business: [FY18 Turnover] Infrastructure (44.1%), offshore & marine (O&M) (31.4%), property (22.5%), investments (2%).

Insight: Apr-19, 1Q19 revenue rose 4.1% underpinned by high... Read More
Hutchison Port Hldgs Trust US  0.159 -0.001 -0.63%   
Business: Co invests in, develops, operates and manages deep-water container ports in the Pearl River Delta.

Insight: Apr-19, 1Q19 revenue inched up 0.3% as combined co... Read More

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