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Stock Headliners You Need To Know
Headliners | 02 October 2014
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By: Tan Jia Hui
Articles (82) Profile

AEM Holdings agreed to dispose of its 57.7% owned subsidiary, Microcircuit Technology (S) (MCT) for US$3m. MCT is a company that is incorporated in Singapore where its principal activities lie in the design and manufacturing of organic substrates. Following the consecutive losses of MCT from 2008 to 2013, amounting to US$42.9m (approximately $56.6m), the company views the disposal to be in its best interest.

Cheung Woh Technologies via its subsidiary, Cheung Woh Technologies (Malaysia) (CWM), agreed to purchase a land and building located at No. 1065, Lorong Perusahaan Maju 2, Kawasan Perusahaan Perai, 1360 Perai, Penang, Malaysia, for RM9.3m (approximately $3.7m). The acquisition will facilitate the company’s expansion and is also located near to the existing premises of CWM. Cheung Woh Technologies intends to finance the acquisition by both cash and bank loans.

Giken Sakata (S) secured extensions for both the Trembul and Gabus agreements. The extension of 10 years, will allow the company’s subsidiary, Cepu Sakti Energy, to operate in the Trembul and Gabus oil fields until 2 Nov-20 and 14 Dec-21 respectively. Both agreements can be further extended for another 5 years. Separately, in view of the group’s growing oil production in Dandangilo-Woncolo and Tungkul oil fields, the group intends to set up a central oil gathering station with a capacity to collect up to 2,000 barrels of oil.

KLW Holdings acquired a freehold and 7-storey property located at 301 Flinders Lane, Melbourne, Australia for A$23.6m. The property is erected on an 895 sqm land plot and is located in Melbourne’s central business district, and within close proximity to the city’s financial district. In addition, the property is fully leased to Victoria University until Oct-20, and comes with 3 shop frontages that provide an estimated annual yield of 5.8%.

Libra Group has been awarded a sub-contract worth $12.1m for the construction, supply, delivery and installation works for a proposed addition of one block of a 4-storey ancillary office building to an existing shipyard at 15 Benoi Road. Works under the contract is expected to take 9 months to complete.

LifeBrandz’s revenue sank 13.9% to $21.8m for the year ended 31 Jul-14, in conjunction to the closure and revamp of operating outlets, slowdown in crowd traffic and stiffer competition from other clubs in the vicinity. Total expenses expanded mainly due to a 256.9% increase in other operating expenses, mainly attributable to impairment loss on fixed assets and receivables. Subsequently, the company sank into losses of $5.7m.

Lum Chang Holdings proposed the acquisition of the remaining 49% of share capital in Kemensah Holdings for RM38.3m (approximately $14.9m). Along with the acquisition, a loan of RM95.1m granted previously to Kemensah, will be paid off by Lum Chang. The aggregate consideration to be paid is RM133.4m.

Nam Cheong secured contracts worth US$41m ($52.1m) for the sale of 3 anchor handling towing supply vessels to 3 repeat customers. In tandem with the latest contracts win and 5 vessels which were sold in Sep-14, the company’s order book is lifted to RM1.9b.

Nera Telecommunications has received purchase orders relating to network infrastructure and wireless infrastructure networks. The order for network infrastructure worth $37m, involves the work of IP and broadcast network equipment for various customers in Southeast Asia. The second order worth $20m, relates to the supply and maintenance of microwave radio equipment for various customers in Southeast Asia, Middle East and Africa.

Singapore Exchange is expected to launch the trading of the Singapore kilobar gold contract on 13 Oct-14. The contract is the first wholesale 25 kilobar gold contract to be offered globally and is catered to the continuing strong demand for physical gold in Asia. In addition, the gold contract is based on kilobar gold of at least 99.99% fineness of an approved brand, and minted from an approved refinery by the Singapore Bullion Market Association.

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.

Cheung Woh Technologies  0.150 -0.006 -3.85%   
Business: Manufactures and supplies HDD components. [FY18 Turnover] HDD components (78.4%), precision metal stamping components (21.6%).

Insight: Jul-18, 1Q19 turnover increased by 29.4% mainly at... Read More
KLW Hldgs  0.003 +0.001 +50.00%   
Business: Engaged in the manufacture and distribution of engineered doors.

Insight: May-19, FY19 revenue slid 9% primarily due to lowe... Read More
Libra Group  -- -- --   
Business: Principally engaged in the provision of integrated mechanical & electrical engineering (M&E) services as a sub-contractor. [FY18 Turnover] M&E (43.8%), building & construction solutions (25.1%), mfg (17.5%), travel & tour svcs biz (13.6%).

Insight: Mar-19, FY18 revenue rose 54.9% due to higher reve... Read More
Lum Chang Hldgs  0.350 -0.005 -1.41%   
Business: Co engages in construction, ppty devt & invs, hotel & serviced residences. [FY18 Turnover] Construction (93.4%), property development & investment (6.5%), others (0.1%).

Insight: May-19, 9M19 revenue slid 5.6% due to lower contri... Read More
Nam Cheong  -- -- --   
Business: An offshore marine group specialising in the building of offshore support vessels. [FY18 Turnover] Shipbuilding (59.2%), vessel chartering (40.8%).

Insight: May-19, 1Q19 revenue jumped multiple times to RM29... Read More
Nera Telecommunications  -- -- --   
Business: Co engages in sales, distributn & servicing of transmission networks, satellite comm, & IT networks.

Insight: May-19, 1Q19 revenue slid 11.4% with both the netw... Read More
OUE  1.440 -- --   
Business: An integrated property developer with real estate portfolio located in prime locations in the US & Asia. [FY18 Turnover] Inv ppties (43.7%), hospitality (37.7%), development ppties (10.5%), healthcare (4.6%), fund management & others (3.5%).

Insight: May-19, 1Q19 revenue rose 1.2% due to higher contr... Read More
Singapore Exchange  8.340 -0.01 -0.12%   
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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