Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,160.75 -6.09 -0.19%
Hang Seng 26,421.91 -332.21 -1.24%
Dow Jones 27,147.08 +36.28 +0.13%
Shanghai Composite 2,985.66 +0.01 +0.00%
Stocks In Focus SG (MapleTree Logistics, Yongmao, Hotel Properties) – 27/05/14
Daily Bulletin | 27 May 2014
Related stocks:
H15
ER0
B26
510
By:

Hotel Properties (HP) – Founder Ong Beng Seng and Wheelock Properties have, in a joint attempt to buy out HP on Tuesday morning raised their offer to $4.05 a share, marking the second time the offer has been raised. It was improved to $4 a share from $3.50 a share previously.

Mapletree Logistics Trust (MLT) – MLT entered into a sale-and-purchase agreement with Daehwa Logistics Co to acquire Daehwa Logistics Centre in South Korea for 25.5 billion won, approximately $31.2 million. This purchase will spread the presence of MLT in South Korea to nine properties.

Yongmao Holdings – A net profit of 11 million yuan for the three months ended March 2014 was achieved. This was almost double that of 5.7 million yuan achieved a year ago. This was on the back of a 68.8 percent jump in revenue to 220.5 million yuan. While China continued to be the strongest contributor to its coffers, other markets Yongmao is in also showed strength.

KSH Holdings reported a 40 percent increase in revenue to $324 million in FY14 as compared to $232 million in FY13, mainly due to the increase in revenue from construction business and sales of development property Consequently, KSH recorded a 22.8 percent increase in net profit to $44.5 million in FY14.

Ban Leong Technologies posted a 2 percent decline in revenue to $128 million in FY14, due to political turmoil in Thailand and weak market sentiment in Australia. Consequently, gross profits fell 10.3 percent from $16.8 million in FY13 to $15.1 million in FY14. However, due to the absence of a one off impairment of goodwill and trademarks, net profit increased by 3.8 percent to $1.5 million.

Hiap Seng Engineering posted a 46.9 percent year on year increase in revenue to $68.9 million in 4Q14, underpinned by higher recognition of project revenue. Consequently, gross profit surged 58.8 percent to $5.2 million in 4Q14 due to improved gross margins. Net profit in 4Q14 stood at $1.1 million as compared to loss of $4.5 million in 4Q13. However, due to poorer performance in the previous quarters and cost overruns in certain projects, the group posted a net loss of $3.6 million in FY14 as compared to a profit of $7.5 million in FY13.

Mapletree Logistics Trust  1.600 +0.010 +0.63%   
Business: Real Estate Invs Trust. Invs in logistics ppties. [FY19 Geographical] S'pore (36.2%), HK (24.7%), Japan (13.4%), Australia (8.1%), S.Korea (6.3%), China (5.8%), Malaysia (3.8%), Vietnam (1.7%).

Insight: Apr-19, FY19 revenue rose 15% due to higher revenu... Read More
Hotel Properties  3.500 +0.03 +0.86%   
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
KSH Hldgs  0.460 -0.005 -1.08%   
Business: [FY19 Turnover] Construction (97.1%), property development and investment (2.9%).

Insight: May-19, FY19 revenue rose 51.4% largely due to sig... Read More
Ban Leong Technologies  -- -- --   
Business: Co engages in the wholesale and distribution of computer peripherals, accessories, and other multimedia products. [FY18 Turnover] Multimedia (65.2%), IT accessories (32.9%), data storage (1.9%).

Insight: Nov-19, 1H19 revenue decreased 3.1% wad due to dec... Read More
Hiap Seng Engineering  -- -- --   
Business: A specialist integrated engineering group for the O&G, petrochemical & pharmaceutical industries. [FY19 Turnover] Plant construction & maintenance (95.6%), compression & process eqmt fabrication (4.4%).

Insight: Jun-19, FY19 revenue rose 25.1% to $148.8m due to ... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.