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Stock Headliners You Need To Know
Headliners | 16 October 2014
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By: Tan Jia Hui
Articles (82) Profile

BBR Holdings (S) was awarded a contract for the installation of a solar photovoltaic (PV) grid-tied system. Under the 25-year agreement, BBR will design, install, commission and maintain the 490 kilowatt (KW)-peak PV system which comprises 1,848 high efficiency multi-crystalline panels to be installed on the rooftop of a warehouse in Singapore. Expected to be commissioned in 1Q15, the system is expected to generate about 0.6m KW-hour in the first year and account for 80% of the energy needs for the contract vendor.

Duty Free International posted a 4.9% gain in revenue to RM136.7m for the second quarter ended 31 Aug-14, on the back of higher contribution from the duty free goods and non-dutiable merchandise trade segment. There was a 37.4% downward normalisation of inventories purchase and materials consumed compared to the corresponding quarter last year. Consequently, earnings soared in excess of 60% to RM12m.

Hotel Royal agreed to acquire a 97-room boutique hotel, The Baba House and its business in Melaka, Malaysia for RM26.1m. The acquisition will allow the group to further grow its operations in Malaysia as well as the potential for capital appreciation as the target hotel is located on prime land from various Melaka’s historical sites and is limited in supply. The acquisition is expected to be financed by both cash and bank borrowings.

Keppel Land proposed the expansion of the SM-KL project to strengthen its commercial portfolio in the Philippines. The project would be expanded via a phase 2 development, comprising a 42-storey office building and retail podium to be completed by 2019 and 2016 respectively. The development of phase 2 will offer a net leasable area of over 89,000 sqm of office space and 50,000 sqm retail space. The total expected construction costs for phase 2 is $336m.

Singapore Post (SingPost) will be developing a fully integrated 3-storey eCommerce Logistics Hub for $182m in cash, to cater to its expanding ecommerce logistics business and growth of the ecommerce market. Expected to be fully operational in 2H16, the facility will be constructed on a 30-year leasehold land plot measuring 3.3 hectares which houses a fully-automated parcel sorting facility on the ground floor with two levels of modern warehousing space. It will serve Southeast Asia and be the connecting point to the rest of Asia. The development will also comprise an adjoining 8-storey office block to house SingPost’s local and regional logistics operations.

SPH REIT registered a 2.6% y-o-y rise in gross revenue for the fourth quarter ended 31 Aug-14. This was attributed to higher rental income generated from the trust’s 2 properties, Paragon and The Clementi Mall. Consequently, distributable amount to unitholders climbed 7.3% to $34.9m. For the period from 24 Jul-13 (listing date) to 31 Aug-14, gross revenue saw a modest gain of 2.8% to $222.9m while distributable amount to unitholders climbed 5.3% to $150.3m. The trust declared a distribution per unit of $0.0139 for the quarter.

TEHO International entered into a non-binding letter of intent to fully acquire the share capital in Liha Shipservice and Store Rijnmond for an undisclosed amount as at the time of the announcement. The proposed acquisition will complement the core business of the group where the target companies are engaged in the supply of rigging and mooring products. Further details will be set out after the signing of a definitive sale and purchase agreement.

Triyards Holdings agreed to fully acquire the share capital of Strategic Marine (S) and Strategic Marine (V) Company for AUD23.3m in cash. The former company owns a shipbuilding and fabrication facility located at 4 Pioneer Sector 1, Singapore, while the latter owns a similar facility at the Dong Xuyen Industry Park in Vung Tau, Vietnam. The acquisition is expected to enhance the group’s current fabrication capacity to develop and extend its market reach for new product and service offerings.

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.

BBR Hldgs (S)  -- -- --   
Business: [FY17 Turnover] specialised engineering (58.8%), general construction (35.2%), property development (5.3%), green technology (0.7%).

Insight: Feb-19, FY18 revenue fell 39.7% owing to lower rev... Read More
Duty Free Int'l  0.160 -- --   
Business: Co engages primarily in the trading of duty free goods & non-dutiable merchandise.

Insight: Jan-19, 3Q19 revenue increased 19.3% to RM25.4m ma... Read More
Hotel Royal  3.000 -0.01 -0.33%   
Business: Co owns and operates hotels and investment properties in Singapore, Malaysia New Zealand and Thailand. [FY18 Turnover] Hotel (85.2%), property investment (14%), financial investment (0.8%).

Insight: May-19, 1Q19 revenue slid 10.5% mainly due to lowe... Read More
Singapore Post  0.945 -0.005 -0.53%   
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
SPH REIT  1.140 -0.020 -1.72%   
Business: S'pore-based REIT with a portfolio of assets primarily for retail purposes in Asia-Pacific.

Insight: Apr-19, 1H19 gross revenue rose 4.5% to $111.9m du... Read More
Teho Int'l  -- -- --   
Business: Co is a supplier of rigging and mooring eqmt as well as related svcs to customers mainly in the marine & offshore oil & gas industries. [FY18 Turnover] Marine, offshore oil & gas (73.4%), property development (26.6%).

Insight: Feb-19, 1H19 revenue fell marginally by 0.4% to $2... Read More
Triyards Hldgs  -- -- --   
Business: Co provides engineering & fabrication services for the worldwide offshore & marine industries.

Insight: Dec-17, FY17 revenue fell 64.2% to US$116.2m mainl... Read More

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