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Stocks In Focus SG (SingTel, Frasers Comm Trust, Wee Hur Hldgs) – 24/04/14
Daily Bulletin | 24 April 2014
Related stocks:
  • Singapore Telecommunications agreed to further purchase $2 million worth of shares in Kai Square, a data capturing and video analytics company in Singapore. When completed, the company’s shareholding in Kai Square would increase from 19.1 percent to 39.2 percent.
  • Frasers Commercial Trust recorded a 3.7 percent moderate decrease in gross revenue to $28.6 million for the quarter ended 31 March 2014. This was mainly attributed to lower occupancy rates at one of the company’s property in Australia, Central Park as well as a weakening in the Australian dollar. Distribution to unitholders for the quarter gained 5.6 percent to $13.8 million. The company has declared a distribution per unit of $0.020524.
  • Wee Hur Holdings proposed a joint venture (JV) for the purpose of developing two mixed-use development projects in Jiangsu province, China. Under the JV agreement, Wee Hur would invest an aggregate consideration of Rmb120 million for both projects. The company views the JV as an opportunity for the company to participate in the real estate market in China.
  • Sunpower Group proposed to issue 65.8 million new shares at an issue price of $0.14 per share. These news shares to be issued will increase the paid-up share capital of the company to 394.8 million shares and represent 16.7 percent of the enlarged share capital. The company intends to channel the expected placement proceeds of $8.9 million into working capital requirements.
  • Singapore Reinsurance Corporation posted a 35.3 percent jump in revenue to $38.7 million for the quarter ended 31 March 2014, supported by timing difference in booking of premiums and higher premiums reported by cedants. Earnings for the quarter dropped 28 percent to $3.9 million, mainly due to higher net commission and management expenses.
Singapore Reinsurance Corp  0.290 +0.005 +1.75%   
Business: Co operates as a general reinsurance company. [FY17 Geographical] Singapore (36%), Malaysia (35.8%), China (14.3%), others (13.9%).

Insight: Aug-18, 1H18 net earned premium from reinsurance o... Read More
Singtel  3.150 -0.02 -0.63%   
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
Frasers Commercial Trust  1.610 -0.010 -0.62%   
Business: Co invests in a diverse portfolio of real estate and real estate related assets, primarily focusing on office and retail assets.

Insight: Apr-19, 1H19 gross revenue declined 9% to $61.9m, ... Read More
Wee Hur Hldgs  -- -- --   
Business: Engages in the development of real estate projects. [FY17 Turnover] Building construction (74.3%), investment property (25.7%)

Insight: Aug-18, 1H18 revenue tripled to $214.4m as a resul... Read More
Sunpower Group  0.475 -0.010 -2.06%   
Business: Co specialises in the design, R&D & manufacture of customized energy-saving & environmental protection products. [FY18 Turnover] Manufacturing and Services (M&S) (77.4%), Green Investments (GI) (22.6%).

Insight: May-19, 1Q19 revenue increased 30.6% to Rmb811.6m ... Read More

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