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Stock Headliners You Need To Know
Headliners | 20 March 2014
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By: Nicholas Tan
Articles (71) Profile

CapitaLand completed the divestment of its remaining 39.1% stake in Australand for A$848.8m or A$3.75 per share, which represents a 3.6% discount to the closing price of Australand’s stapled securities on 18 Mar-14. CapitaLand will channel the proceeds to its core markets of Singapore and China.

DBS Group Holdings agreed to purchase Societe Generale’s Asian private banking business in Singapore and Hong Kong, as well as selected parts of its trust business, for US$220m or $279m. The move will increase DBS’ high net worth assets under management by more than 20%.

EuroSports Global has completed the sale and leaseback agreement at 30 Teban Gardens Crescent, as per its prospectus which was announced during its initial public offering. The company intends to declare a 1-time special dividend between $6m and $8m.

Interra Resources has proposed the disposal of a 90% stake in its subsidiary, Goldwater LS, to PT Mitra Investindo (MITI) for US$13.5m. MITI intends to raise funds for the purchase by issuing rights shares to its existing shareholders. Interra has agreed to subscribe for any unsubscribed right shares. Based on the level of acceptance, Interra may end up as a majority shareholder of MITI.

Midas Holdings secured Rmb71.9 million worth of contracts from CNR Changchun Railway Vehicles. Midas will supply aluminium alloy extrusion profiles for 372 train cars, scheduled for delivery between 2014 and 2015.

Popular Holdings’ turnover for the 3-month ended 31 Jan-14 rose 2.2% to $156.2m, driven by growth in its publication and e-learning division as well as the sale of one Ei8ht Raja unit under Popular’s property segment. However, an increase in overall expenses, largely associated with Popular’s BookFest@Singapore held in Dec-13, dragged net profit down 30.6% to $8.1m. For 9M14, revenue climbed 8.4% to $426.3m while bottom line came in 33% lower at $13.4m.

Soilbuild Business Space REIT has agreed to acquire an existing four-storey industrial building and a proposed single storey workshop to be constructed in Woodlands for $18.3m. The property purchased from Tellus Marine Engineering will be leased back to Tellus for a period of 10 years with annual rental step-ups.

Soilbuild Construction Group secured a contract from a consortium, led by Tong Eng Brothers, to construct a residential flat development comprising of 73 units along Balmoral Road. The contract, worth $39.5m, will expand Soilbuild Construction’s order book to $410.4m to date, is expected to be substantially completed in the next 24 months.

St James Holdings proposed to acquire shareholdings in various entities in Perennial Real Estate Holdings. The proposed purchase will transform the company into an integrated real estate platform focused primarily in China and Singapore. The deal, worth $1.6b, will be satisfied via the issuance of new shares in the company, representing approximately 99.3% of St James’ total number of outstanding shares. St James’ existing entertainment business will be dispose to a separate firm.

Vard Holdings won contracts for the design and construction of 2 platform supply vessels from Mermaid Marine Australia. The vessels will be delivered in 4Q15 and 1Q16.

Xpress Holdings posted a 31.6% reduction in revenue to $4.8m for the quarter ended 31 Jan-14 as customers were changing their requirements by moving from bulk printing to small volume printing. Consequently, net profit for the period fell 59.5% to $0.4m. For the 6-month duration, Xpress’ turnover and bottom line narrowed 24.8% and 45% to $9.5m and $1m respectively.

Yongnam Holdings has secured 2 subcontracts worth $54.3m, which involve more than 10k tonnes of structural steelwork. Both subcontracts are expected to be completed in 2017.

Well trained in aspects of finance and business, Nicholas oversees the finance and manufacturing sectors at Shares Investment.

Please click here for more information about this author.

DBS Group Hldgs  25.830 +0.35 +1.37%   
Business: [FY18 Total Income] Institutional banking (43.7%), consumer banking/wealth management (42.9%), treasury markets and others (13.4%).

Insight: Apr-19, 1Q19 net profit rose 9% to a record $1.7b.... Read More
CapitaLand  3.540 -0.01 -0.28%   
Business: Co develops, owns, and manages real estate properties. [FY18 Geographical] China (41.2%), S'pore (38.5%), Europe & others (18.6%), Vietnam & Others (1.7%).

Insight: Apr-19, 1Q19 revenue fell 23.8% while net profit d... Read More
EuroSports Global  -- -- --   
Business: Co distributes and retails imported luxury automobiles as well as luxury timepieces. [FY18 Turnover] Automobiles distribution (96.7%), experiential business (1.9%), watches business (1.4%).

Insight: May-18, FY18 revenue increased by 18.5% mainly con... Read More
Midas Hldgs  -- -- --   
Business: Manufacturer of aluminium alloy extrusion products for China's rail transportation sector. [FY16 Turnover] Aluminium alloy (99.3%), polyethylene pipe (0.7%).

Insight: Jan-18, Co announced that its JV company, CRRC Nan... Read More
Soilbuild Business Space REIT  0.615 +0.005 +0.82%   
Business: S'pore real estate investment trust with a focus on biz space ppties.

Insight: Jan-19, FY18 gross revenue fell marginally by 1.2%... Read More
Soilbuild Construction Group  0.069 -0.001 -1.43%   
Business: Co provides general construction services to various projects in the private and public sectors. [FY17 Geographical] Singapore (89.4%), Myanmar (10.6%).

Insight: Jul-18, 1H18 revenue fell 22.3% to $89.3m mainly d... Read More
Interra Resources  0.033 +0.001 +3.13%   
Business: Co is engaged in the business of oil & gas exploration & production, including oil & gas production, field development & exploration. [FY18 Geographical] Myanmar (92.2%), Indonesia (7.8%).

Insight: May-19, 1Q19 revenue rose 36.2% mainly due to high... Read More


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