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Stock Headliners You Need To Know
Headliners | 24 July 2014
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By: Tan Jia Hui
Articles (82) Profile

800 Super Holdings’ subsidiary, 800 Super Waste Management has been awarded a $204.9m contract by the National Environmental Agency to provide integrated public cleaning services for the South-West region of Singapore. The contract is for a period of 7 years from 1 Sep-14, with an option for an extension for another 1 year.

Ascott Residence Trust’s revenue increased 13.8% to $88.1m in 2Q14 largely due to contributions of $9.4m from new properties acquired in 2013 and 2014, as well as stronger contribution from existing properties. Consequently, net profit grew 20.3% to $52.4m and total amount distributable to unitholders rose 8.3% to $33.5m. Distribution per unit dropped 10.6% to $0.0219, accounting for the effects from the rights issue in Dec-13 and excluding one-off items of approximately $4m.

Frasers Commercial Trust registered a 1.1% moderate decrease in gross revenue to $29.6m for 3Q14, due to the effects of the weakening Australian dollar on the income from Australian properties. Higher repair and maintenance expenses for Caroline Chisholm Centre were recorded. Distribution to unitholders for the quarter gained 2.9% to $14.8m, with a distribution per unit of $0.0219 for 3Q14.

Golden Agri-Resources has established a 50:50 joint venture with CEPSA Química to jointly develop, formulate, produce, distribute and sell fatty alcohols at a global level. The joint venture company, Sinarmas Cepsa will be headquartered in Singapore and is expected to benefit from both companies’ expertise, knowledge and capabilities throughout the fatty alcohols supply chain.

Kingsmen Creatives bagged a contract worth $25.2m from KidZania Singapore, an edutainment chain company that is headquartered in Mexico. Under the contract, the company will construct and maintain fit-out works for an attraction that is slated to open on Sentosa Island’s Palawan Beach. Expected to be completed by 2015, the attraction will be Singapore’s first indoor family edutainment centre opened in the country.

M1 registered a 2% y-o-y decrease in revenue to $239.7m in 2Q14, mainly due to lower handset sales. However, due to a 6% decrease in operating expenses attributable to lower cost of sales, 2Q14 net profit rose 12.1% to $43.9m. Earnings for 1H14 grew 8.2% to $86.7m in tandem.

Mapletree Logistics Trust’s (MLT) gross revenue for 1Q15 rose 7.4% to $81m, mainly due to contribution from Mapletree Benoi Logistics Hub, positive rental reversions in Singapore and Hong Kong, additional revenue from a Korea property and higher income from 4 Japan properties. Subsequently, total amount distributable to unitholders rose 6% to $46.6m while distribution to per unit grew 5.6% to $0.019. In a separate filing, MLT announced its intentions to acquire Mapletree Zhengzhou Logistics Park in Henan, China for Rmb205.6m ($41.4m) from Mapletree Investments.

Sembcorp Marine won a contract worth $600m for the conversion of 2 floating storage production offloading vessels for the Kaombo project in the offshores of Angola. Post conversion, the 2 vessels will each have an oil treating capacity of 0.1m barrels per day and a storage capacity of 1.7m barrels of oil. The project is expected to take 32 months to complete after the first vessel enters Sembawang Shipyard in 3Q14.

Armed with a bachelor in mathematics, Jia Hui keeps close tabs on the oil & gas, and manufacturing sectors in Singapore.

Please click here for more information about this author.

Ascott Residence Trust  1.370 +0.030 +2.24%   
Business: REIT invests in income-producing real estate assets which are used or predominantly used, as serviced residences, rental housing properties and other hospitality assets.

Insight: Apr-19, 1Q19 revenue increased 3% due to stronger ... Read More
Golden Agri-Resources  0.210 -- --   
Business: Co is engaged in cultivating & harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) & palm kernel (PK), & refining CPO into industrial & consumer pdts.

Insight: May-19, 1Q19 revenue fell 11% due to softer crude ... Read More
Frasers Commercial Trust  1.620 -0.020 -1.22%   
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
Kingsmen Creatives  0.490 -0.010 -2.00%   
Business: Designs & produces exhibits & interiors. [FY18 Turnover] Retail & corporate interiors (47.7%), exhibitions & thematic (44.4%), research & design (4.7%), alternative marketing (3.2%).

Insight: May-19, 1Q19 revenue rose 25.7% due to the contrib... Read More
Mapletree Logistics Trust  1.680 +0.030 +1.82%   
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
Sembcorp Marine  1.190 -0.020 -1.65%   
Business: Co is a leading global marine & offshore engineering group. [FY18 Turnover] rigs & floaters, repairs & upgrades, offshore platforms (98.8%), ship chartering (1%), others activities (0.2%).

Insight: May-19, 1Q19 revenue fell 31.3% to $810.6m due to ... Read More


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