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Stocks In Focus SG (Addvalue Tech, Boustead, SMRT) – 26/03/14
Daily Bulletin | 26 March 2014
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Addvalue Technologies has proposed the disposal of its subsidiary, Addvalue Commuications (AVC), for $330 million. The disposal will unlock the value of the company, particularly the value attributable to its China operations. The disposal consideration is a substantial premium over AVC’s net asset value of approximately US$12.9 million. The gain recognised from the proposed sale is about US$234.7 million.

Boustead Singapore’s subsidiary, Boustead Salcon Water Solutions, has secured a contract to design and supply water and wastewater treatment facilities in Indonesia. The latest contract has raised the company’s order book backlog (as at 31 December 2013 plus new orders since then) to $400 million.

Mandarin Oriental intends to expand its hotel in Munich with the construction of a mixed use complex on an adjacent site. The proposed complex, measuring about 23,000 square meters, will include new hotel rooms, facilities, retail units and commercial offices. The project, which includes the refurbishment of the existing hotel’s rooms, is estimated at €124 million, and is expected to open in 2021.

SMRT Corporation has signed a memorandum of understanding with Huawei Enterprise Business Group to jointly develop and market products and solutions in the international market. Some of the products and services include SMRT’s automatic fare collection or passenger information system.

TPV Technology has moved to acquire the remaining 30-percent stake in TP Vision, a joint venture (JV) with Philips, from the latter. The JV relates to Philips TV business in Europe and some South America countries. Upon completion, the minimum annual royalty payable by TP Vision to Philips under a trademark license agreement will be reduced from €50 million to €40 million.

Addvalue Technologies  0.021 -0.001 -4.55%   
Business: Co provides satellite-based communication terminals and solutions for various voice and IP-based data applications. [FY18 Geographical] Asia Pacific (66.7%), Europe, the Middle East & Africa (21.5%), North America (11.8%).

Insight: Feb-19, 9M19 revenue decreased marginally to US$2.... Read More
Boustead Singapore  0.735 -- --   
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
Mandarin Oriental Int'l  1.480 -0.060 -3.90%   
Business: Co is an int'l hotel invs & mgt operator. [FY18 Geographical] Hong Kong (40%), Europe (23.4%), America (18.4%), Other Asia (18.2%).

Insight: Feb-19, FY18 revenue inched up 0.5% underpinned by... Read More
TPV Technology  -- -- --   
Business: Co designs, manufactures, and distributes computer monitors, flat TV products, and other display products. [FY18 Turnover] Monitors (55.5%), TVs (39.9%), others (4.6%).

Insight: May-19, 1Q19 revenue fell 8.6% to US$2b due to low... Read More

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