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Stock Headliners You Need To Know
Headliners | 16 April 2014
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By: Nicholas Tan
Articles (71) Profile

Cache Logistics Trust agreed to jointly develop and lease a build-to-suit warehouse with a net lettable area of 928.1k sqf located at Greenwich Drive, Tampines LogisPark, with its sponsor, CWT. The facility with a total development cost of $105.1m will be used as DHL’s new regional office, and is expected to provide a stable and recurring cash flow to the trust, given the tenant’s strong credit profile.

CapitaLand has made a voluntary cash offer for CapitaMalls Asia (CMA) at $2.22 per share or $3.1b, representing a 23% premium over CMA’s last traded price of $1.805 on 14 Apr. As of 15 Apr, CapitaLand owns 65.3% of CMA’s outstanding shares.

CCM Group has formed a joint venture (JV) with Art Proyectos Y Arquitectura as it seeks to develop property in the US and Australia. CCM owns 5 out of the 7 land parcels in a 136-acre development in Texas, US, and in March has made offers worth A$2.2m or $2.5m for 4 sites in the Mandurah Ocean Marina development in Perth, Australia.

Giken Sakata proposed to acquire a 51% stake of the total issued share capital in Cepu Sakti Energy for an aggregate amount of $48m. The latest acquisition offers a potential opportunity for the group to diversify its business operations into the oil and gas sector as well as provides a platform to expand its earnings base.

Hotel Properties was made a cash offer by its major shareholders, Ong Beng Seng and Wheelock Properties (Singapore) at $3.50 per share representing a 11.8% premium over Hotel Properties previous close of $3.13 on 14 Apr. Although the major shareholders have the intention to retain Hotel Properties’ listing on the Singapore Exchange, there could be a possibility that they may delist the firm if the free float requirement is not met.

ISOTeam secured public sector contracts worth approximately $18m to carry out repair and redecoration (R&R) works to 52 blocks in Pasir Ris, Bishan, Jalan Tenteram and Whampoa as well as electrical load upgrading and R&R works to 33 blocks in Hougang. The projects are scheduled for completion between Jan-15 and Mar-16.

K-Green Trust’s revenue for the quarter ended 31 March fell 1.3% to $16.8m, due to lower finance income. However, a reduction in electricity costs and trust expenses lifted net profit up 9.4% to $3.5m.

M1 registered a 1.2% decline in operating revenue to $240.2m for the quarter ended 31 Mar, due to lower handset sales, partially offset by improved service revenue. The lower handset sales resulted in a 6.5% reduction in cost of sales, which improved gross profit margin from 60.7% to 62.8%. Subsequently, this led to a 4.4% rise in net profit to $42.8m.

Singapore Shipping Corporation proposed to dispose Nanyang Maritime (Singapore) to ISK Singapore for a sale consideration of $1.3m. The disposal is in view of the purchasers’ move to reform its inorganic business portfolio, given that Nanyang was primarily formed to undertake physical distribution services of the purchaser.

Wilmar International inked a 55:45 JV agreement with Great Wall Food Stuff Industry Company, a Myanmar-based company, to produce and sell sugar and its by-products. Under the agreement, the JV company, Great Wall – Wilmar Holdings, will acquire all the existing sugar-related business, mills and plants of Great Wall and its associates, which include 2 sugar mills, a bio-ethanol plant and an organic compound fertiliser plant.

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

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Cache Logistics Trust  0.735 -0.005 -0.68%   
Business: Principally invest in income-producing real estate used for logistics purposes in Asia-Pacific, as well as real estate-related assets.

Insight: Jan-19,FY18 gross revenue and NPI rose 8.6% and 4.... Read More
CapitaLand  3.490 -0.04 -1.13%   
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
Hotel Properties  3.480 -0.01 -0.29%   
Business: Co is involved in hotel ownership, management & operation, & property development. [FY18 Turnover] Hotels (87.5%), properties (12.5%).

Insight: May-19, 1Q19 revenue slid 12.2% due to lower contr... Read More
ISOTeam  0.235 +0.010 +4.44%   
Business: Engaged in the building maintenance & estate upgrading industry. [FY18 Turnover] Addition & alteration works (43.2%), Repairs & redecoration works (23.6%), others (21.4%), coating & painting (11.8%).

Insight: May-19, 9M19 revenue rose 62.8% with significantly... Read More
Singapore Shipping Corp  0.285 -- --   
Business: A spin-off from Stamford Land Corp that engages in ship owning and management, shipping agency and terminal operations as well as logistics services. [FY18 Turnover] Ship owning (69.9%), Agency and Logistics (30.1%).

Insight: Feb-19, 9M19 revenue edged up 3.3% to US$36m due t... Read More
Wilmar Int'l  3.720 -0.02 -0.53%   
Business: Co's integrated agribusiness model encompasses the entire value chain of the agricultural commodity processing biz, from origination and processing to branding, merchandising and distribution of a wide range of agricultural pdts.

Insight: May-19, 1Q19 revenue fell 6.2% to US$10.4b driven ... Read More

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