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Stocks In Focus SG (SGX, Sheng Shiong Grp, Logistics Hldgs) – 04/09/14
Daily Bulletin | 04 September 2014
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Global Yellow Pages’ revenue dropped 8.5 percent to $4 million for the first quarter ended 30 June 2014, mainly due to a decline in its search solutions business which was partly alleviated by increased contribution from Singapore river tour & taxi services business.  Helped by a $0.2 million in income tax credit, losses shrank 4.6 percent to $0.6 million.

Logistics Holdings proposed the acquisition of a piece of land located in Johor, Malaysia, at its valuation price of RM38.8 million (approximately $15.3 million). The freehold land is measures 1.2 million square feet and is located in Senai Industrial Park which is a part of Flagship E of Iskandar Malaysia. The group intends to build light and medium industrial factories to meet the expected demand of industrial space fueled by budding new townships.

Sheng Shiong Group proposed a rights issue for up to 120 million shares at $0.67 per share, where the rights represent 8 percent of the enlarged share capital. The expected gross proceeds of $80.4 million to be raised from the rights issue, will be mainly used to finance future expansion plans of the group in Singapore.

Singapore Exchange reported a growth in daily average value in securities and volume growth in derivatives in August. Securities average daily value was up 5 percent month-on-month but 27 percent lower year-on-year. Total derivatives volume in August climbed 5 percent month-on-month and 9 percent year-on-year to 9.4 million contracts. For commodities, total Asiaclear volume was 10 percent higher month-on-month at 0.2 million contracts and more than triple the volume from last year.

Boldtek Hldgs  0.085 +0.001 +1.19%   
Business: Co provides building construction and interior decoration/fitting-out services. [FY18 Turnover] General building (77%), properties investment (22.7%), precast manufacturing (0.3%).

Insight: Feb-19, 1H19 revenue rose 28.5% due to higher reco... Read More
Sheng Siong Group  1.060 -- --   
Business: Co is a supermarket chain operator.

Insight: Feb-19, FY18 revenue rose 7.4% to $890.9m mainly c... Read More
Singapore Exchange  7.410 +0.08 +1.09%   
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


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