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Stocks In Focus SG (Keppel Land, KS Energy, Serial System) – 03/10/14
Daily Bulletin | 03 October 2014
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Keppel Land progressed into the next phase of development for Saigon Centre (known as Saigon Centre Phase Two), a 37-storey mixed-used development in Ho Chi Minh City. Saigon Centre Phase Two will comprise 40,000 square metres (sqm) of premium Grade A office space, five levels of 50,000 sqm retail space and about 200 units of luxury serviced apartments. The total investment cost for the development of Saigon Centre Phase Two will be about US$255 million.

KS Energy stopped drilling operations in Kurdistan due to the continuing unrest in the country which led to the restriction of access/no access to the work site for security reasons. The client has previously declared an event of Force Majeure (an unexpected event that prevents a party from abiding to the contract) in August and subsequently issued a notice of termination. The company’s rigs, KS Discoverer 1 and KS Discoverer 4 are insured in the event of a war or acts of terrorism. KS Energy will provide further updates pertaining to the announcement.

Serial System and its subsidiary, Serial Investment (Taiwan), subscribed for an additional 1.4 million shares in the share capital of Bull Will Co, a company listed on the Over-The-Counter securities exchange in Taiwan, for NT$19.7 million (US$0.6 million) at NT13.70 (US$0.45) per share.

Sysma Holdings was awarded a contract worth $8 million for the construction of a two-storey detached dwelling house at Maryland Drive. The contract is expected to commence in October and last for a period of 18 months.

Rex International Holding secured a contract worth US$10 million (if fully executed) to provide its ultrasonic well stimulation technology on selected wells owned by the client. The contract’s commencement date, expected to start in end-2014 for 24 months, is subjected to other factors such as the arrival of third party technical components.

Click here to read more about the impact of this development on Rex International.

KS Energy  -- -- --   
Business: An integrated oilfield supply & services providers. [FY18 Turnover] Drilling (98.4%), engineering (1.6%).

Insight: May-19, 1Q19 revenue slid 58.7% due to decreased r... Read More
Serial System  -- -- --   
Business: Co engages in the business of semiconductor components distribution and consumer appliances. [FY18 Turnover] Electronic components distribution (96%), consumer products & others (4%).

Insight: Apr-19, 1Q19 revenue fell 43.3% to US$230m mainly ... Read More
Sysma Hldgs  -- -- --   
Business: Co is engaged in providing building construction svcs to the private sector in S'pore. [FY17 Turnover] Building construction (67.1%), property development (32.9%).

Insight: Mar-18, 1H18 revenue grew by 47.2% to $59.7m mainl... Read More
Rex Int'l Hldg  -- -- --   
Business: An independent oil & gas exploration & pdtn Co which has access to a set of proprietary & innovative exploration tech that mitigates exploration cost & risk.

Insight: May-19, 1Q19 no service revenue was generated from... Read More


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