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Stock Headliners You Need To Know
Headliners | 30 April 2014
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By: Shane Goh
Articles (99) Profile

Aspial Corporation has acquired a property located in downtown Melbourne for A$26.8m. The freehold low-rise building sits on a land measuring 1,295 sqm. The property has an active planning permit for a new 49-storey tower comprising of residential apartments, serviced residence and retail shops.

CapitaLand registered a 3.4% decline in revenue to $612.6m for the quarter ended 31 Mar, where business performance across all segments improved except for a 37.7% decrease in revenue from CapitaLand Singapore. In absence of a one-off divestment gain of $58.5m in 1Q13, coupled with other operating expenses which spiked multiple folds arising from foreign exchange losses, earnings fell marginally by 1.7 % to $182.8m.

EMS Energy has agreed to purchase International Offshore Equipments, a Singapore-based manufacturer of marine and offshore deck machineries, for $0.8m. The acquisition will be funded via an issuance of 13m new EMS shares, at $0.0614 apiece, representing 1.7% of EMS’ enlarged share capital.

Far East Hospitality Trust recorded a 9.1% y-o-y growth in gross revenue to $30.7m for the quarter ended 31 Mar, underpinned by contributions from the recently acquired Rendezvous Hotel Singapore. Income available for distribution increased 4.5% to $23.1m. The trust has declared a $0.013 distribution per unit for the quarter.

Fraser and Neave acquired a 70% stake in Yoke Food Industries for RM54.6m ($21m). Yoke engages in the manufacturing, marketing, distributing and exporting of beverages under brands such as Day Day, SoSoy and Juice Secret.

Hutchison Port Holdings Trust registered revenue and other income of HK$2.9b, a 2.7% increase, due to higher average revenue per 20-foot equivalent unit for Hong Kong as a result of favourable throughput mix of containers from liners for 1Q14. A net gain of from the disposal of Hutchison’s stake in Asia Container Terminals helped lower total operating expenses by 5.1% to HK$1.9b. Consequently, net profit for the quarter jumped 47% to HK$0.6b.

Midas Holdings’ subsidiary, Jilin Midas Aluminium Industries Co has secured Rmb146m worth of contracts to supply Changchun Railway Vehicle Co high-speed train car body components. Slated for delivery in 2014, the contract is Jilin’s second set of order wins for high speed train car body components this year.

OKP Holdings’ subsidiary, Eng Lam Contractors Co has secured a $19.2m contract to implement drainage improvement projects at several locations in Singapore. The contract, awarded by Public Utilities Board, commences on 30 Apr and is due for completion by 4Q16.

Vard Holdings recorded NOK2.7b in revenue for the 3 months ended 31 Mar, down 2.7%, as it delivered 4 vessels during the period, compared to 5 vessels a year earlier. Coupled with higher salaries and related costs, other operating expenses and financial costs, net profit declined 51.1% to NOK92m.

Weiye Holdings’ 1Q14 turnover close to tripled to Rmb184m, underpinned by stronger property development sales and contribution from housing construction revenue related to the building of settlement houses. However, gross profit margin for the period fell to 28%, from 1Q13’s 58.5%, due to sales of lower margin properties and units in its equipment business. Weiye’s bottom line slumped 86.7% to Rmb9m in absence of Rmb77.4m in other income arising from a disposal gain and negative goodwill provision. Excluding the other income, Weiye would have recorded a net loss in 1Q13 instead.

Wilmar International and First Pacific Company proposed a 50:50 joint venture to acquire Australian- and New Zealand-listed Goodman Fielder for A$1.3b, A$0.65 per share, representing a 23.8% premium over its 23 Apr closing price. The purchase would empower Wilmar to be a leader in the Asia-Pacific commodities industry. Wilmar currently holds a 10.1% stake in Goodman Fielder.

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.

Aspial Corp  -- -- --   
Business: A jewellery retailer with diversified businesses in property development & financial services. [FY17 Turnover] Financial svcs (38.2%), real estate (37.6%), jewellery (24%), others (0.2%).

Insight: Aug-18, 1H18, Co returned to the black with a net ... Read More
CapitaLand  3.580 -- --   
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
Far East Hospitality Trust  0.700 -0.005 -0.71%   
Business: Invests in a diversified portfolio of income-producing hospitality-related real estate in Singapore. [FY18 Turnover] Hotels & services residences (80.6%), retails & offices (19.4%).

Insight: May-19, 1Q19 gross revenue increased 8% to $27.8m ... Read More
Fraser & Neave  1.720 +0.010 +0.58%   
Business: [FY18 Turnover] Dairies (60%), beverages (25.4%), printing & publishing (14.6%).

Insight: Apr-19, 1H19 revenue inched 1.9% to $931.8m underp... 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
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
OKP Hldgs  0.200 -- --   
Business: An infrastructure and civil engineering company. [FY18 Turnover] Construction (50.9%), maintenance (44.6%), rental income (4.5%).

Insight: May-19, 1Q19 revenue slid 16.8% due to decreased r... Read More
Wilmar Int'l  3.590 +0.03 +0.84%   
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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