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Stock Headliners You Need To Know
Headliners | 04 September 2014
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By: Jonathan Khoh
Articles (26) Profile

Advanced Systems Automation proposed the disposal of its property located in Penang, Malaysia, for RM6m (approximately $2.4m). Subsequently, the company will rent a part of the disposed property measuring 32,000 sqf for 3 years at a monthly rental of RM48,000, with an option to renew another 3 years. When completed, the company intends to utilise the proceeds from the disposal to repay bank loans and for general working capital.

Croesus Retail Trust proposed the acquisition of One’s Mall, a completed retail property in Japan, for a net purchase price of JPY11,675m (approximately $140.7m). The property is located in Chiba, Japan and comes with a net leasable area of 52,844 sqm, freehold tenure and 1,534 carpark lots. The trust intends to partly finance the acquisition via a private placement of 78.9m new units between a price of $0.89 and $0.92, to raise between $70.2m and $72.6m in gross proceeds.

LionGold Corporation has agreed to fully dispose its shares in the capital of Acadian Mining Corporation for approximately $9.7m. The target company is a company incorporated in Canada and owns certain mining claims located in Nova Scotia, Canada. The disposal will result in a net loss of $1.1m after taking into account the associated costs of the transaction, current market value of the sale shares and foreign currency translation reserve.

Olam International has sold its dairy processing plant in Cote d’lvoire to Royal FrieslandCampina for US$18.7m. Additionally, Olam will assign its trademark “Pearl” for a price of US$6.3m, providing Friesland the right to use the trademark for sweet condensed and evaporated milk products in certain designated countries in Africa. Olam expects to book a one-time pre-tax gain of approximately US$10m upon completion of the transaction in 2Q15.

Rotary Engineering won several contracts worth $80m, including a contract in Rayong, Thailand, which represents the firm’s entry into the liquefied natural gas space. In addition, it has added a new customer, Croda International, a global manufacturer of specialty chemicals for personal care, health care and industrial products, winning various construction packages for Croda’s Alkoxylation plant located on Jurong Island, Singapore.

Saizen Real Estate Investment Trust posted a 3.4% gain in revenue to JPY4b for the full year ended 30 June 2014, underpinned by contributions from 7 newly acquired properties. Amount attributable to unitholders gained 27% to JPY2.1b. The trust has declared a distribution per unit of $0.031 for the 6-month period ended 30 June.

Singapore Exchange proposed the provision of improved accessibility of bonds to retail investors. The new framework will benefit retail investors in 2 ways, namely allowing the purchase of bonds in smaller lot sizes that are currently denominated in $0.2m or above, and subsequent offers of new bonds by their issuers on the same terms as seasoned bonds. However, the proposed regulatory framework will only apply to plain vanilla bonds with a minimum principal amount of $300m and a maximum tenure of 10 years.

Singapore Post has been granted approval for a postage rate revision that represents the first effective domestic postage rate increase in 8 years, despite costs increases of nearly 50% since the last postage rate revision in 2006. The rate revisions will partially mitigate cost increases.

Sunningdale Tech proposed the acquisition of the entire share capital in Anchorage Singapore Holdings for US$66.1m (approximately $82.7m). Anchorage owns a subsidiary, First Engineering that is involved in the manufacture and sale of precision moulds and precision engineering components. The proposed acquisition is both a strategic fit and attractive opportunity for the company to further strengthen its leadership position in the industry.

Driven by passion in investments, Jonathan’s research emphasizes in incorporating critical thinking with value and income investing surrounding companies listed in Singapore. Well trained in banking and finance, Jonathan has intern experience at various industry players including GIC Pte Ltd.

Please click here for more information about this author.

Advanced Systems Automation  -- -- --   
Business: Co manufactures automatic molding machines and other back-ended assembly equipment for the semiconductor industry. [FY17 Turnover] Equipment contract manufacturing services (69.9%), equipment (30.1%).

Insight: Mar-19, FY19 revenue declined 14%, mainly due to l... Read More
LionGold Corp  0.001 -- --   
Business: Co has interests in gold mining and exploration companies in Australia and Ghana.

Insight: May-19, FY19 revenue rose 18.6% due to increased t... Read More
Olam Int'l  1.830 +0.010 +0.55%   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY18 Turnover] Food staples & packaged foods (47.6%), confectionery & beverage ingredients (23.4%), industrial raw materials, infrastructure & logistics (14.9%), edible nuts & spices (14.1%).

Insight: May-19, 1Q19 revenue rose 16.7% due to increased t... Read More
Singapore Exchange  8.460 -0.02 -0.24%   
Business: [FY18 Turnover] Equities & fixed income (48.2%), derivatives (40.2%), mkt data & connectivity (11.6%).

Insight: Jan-19, 1H19 operating revenue increased 5.7% to $... Read More
Singapore Post  0.925 -0.005 -0.54%   
Business: [FY19 Turnover] Post and Parcel (47.8%), logistics (31%), eCommerce (15.5%), property (5.7%).

Insight: May-19, FY19 revenue rose 2.9% to $1.6b largely du... Read More

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