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Stocks In Focus SG (MapleTree Logistics, Yongmao, Hotel Properties) – 27/05/14
Daily Bulletin | 27 May 2014
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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

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