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Stocks In Focus SG (CapitaMall Trust, GuoccoLeisure, Keppel T&T) – 20/10/14
Daily Bulletin | 20 October 2014
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CapitaMall Trust’s net property income came in 3.3 percent higher at $114.1 million for the three months ended 30 September following the completion of asset enhancement initiatives at Bugis Junction as well as positive rental reversions. In absence of a premium paid on the redemption of convertible bonds a year earlier, the amount available for distribution to unitholders grew 16.1 percent to $99.8 million. The trust declared a distribution of $0.0272 per unit, up 6.3 percent.

First Real Estate Investment Trust’s net property income grew 7.9 percent to $23.5 million for the quarter ended 30 September, driven by a full quarter contribution from Siloam Hospitals Purwakarta. Coupled with a positive foreign exchange adjustment, the amount available for distribution to unitholders improved 6.1 percent to $14.7 million. The trust declared a distribution per unit of $0.0202 for the quarter, up 3.1 percent.

Geo Energy Resources has inked a cooperation agreement with PT Bandar Laut Biru to manage and operate a port terminal, located in South Kalimantan, Indonesia, for 15 years. The move allows the company to expand downstream in the coal mining value chain and provide an additional revenue stream.

GuocoLeisure posted a 6.3 percent fall in revenue to US$101 million in the quarter ended 30 September, due to lower contribution from its gaming and property development segments. However, lower overall expenses, coupled with a foreign exchange gain, compared to a loss a year earlier, led to a 0.6 percent lift in net profit to US$16.6 million.

Keppel Telecommunications & Transportation has recorded a 29.5 percent surge in top line to $53.7 million for the three-month period ended 30 September, underpinned by higher revenue from its data centre and logistics divisions. Higher sundry income further bolstered the firm’s bottom line, which expanded 31.2 percent to $18.5 million.

Keppel Land will redevelop the existing International Financial Jakarta Tower 1 into a 49-storey office tower. The move, costing about $266.4 million, would more than double its net leasable area to about 69,800 square metre of premium grade office space.

Nam Cheong has secured letters of intent with a mix of sale and charter of 12 anchor handling tug supply vessels (AHTS) worth US$186 million. The firm also secured options for sale of eight additional units of such vessels.

Sembcorp Marine’s subsidiaries have secured two offshore energy related contracts worth $222 million. The first contract involves the designing and building of an offshore substation platform for the Dudgeon Offshore Wind Farm while the second contract requires the repair and life extension, and conversion of a very large crude carrier into a floating production storage and offloading vessel.

Spackman Entertainment Group has agreed to acquire a 46.4 percent stake in Breakfastfilm Co for KRW1.3 billion ($1.6 million). The latter is a leading marketing and media company that specialises in the production of TV/new media commercials and music videos in Korea.

Vallianz clinched letters of award and new charter contracts, worth US$64 million, to supply AHTS vessels, platform supply vessels and barges for a period of up to three years in Mexico, West Africa and the Asia Pacific region.

CapitaLand Mall Trust  2.620 -0.01 -0.38%   
Business: Co owns and invests in quality income-producing assets which are used, or predominantly used, for retail purposes primarily in Singapore.

Insight: Apr-19, 1Q19 gross revenue and NPI rose 10% and 11... Read More
First REIT  1.010 -0.010 -0.98%   
Business: Co is a healthcare real estate investment trust. [FY18 Geographical] Indonesia (96%), Singapore (3.4%), Korea (0.6%).

Insight: Apr-19, 1Q19 gross revenue was slightly down by 0.... Read More
Geo Energy Resources  0.146 -0.003 -2.01%   
Business: Co operates as a coal producer and a mine contractor. [FY18 Geographical] China (80.6%), India (8.9%), Indonesia (8.9%), Thailand (1.6%).

Insight: May-19, 1Q19 revenue slid 27.4% despite increased ... Read More
GL  0.770 -- --   
Business: Co holds a portfolio of hotels, as well as a range of other investments. [FY18 Turnover] Hotels (92.2%), oil & gas (7%), ppty devt (0.8%).

Insight: Apr-19, 9M19 revenue rose 1.9% due to higher reven... 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
Sembcorp Marine  1.200 -0.020 -1.64%   
Business: Co is a leading global marine & offshore engineering group. [FY18 Turnover] rigs & floaters, repairs & upgrades, offshore platforms (98.8%), ship chartering (1%), others activities (0.2%).

Insight: May-19, 1Q19 revenue fell 31.3% to $810.6m due to ... Read More
Spackman Entertainment Group  0.017 -- --   
Business: A Korean theatrical film production group. [FY17 Turnover] Film production (41.9%), distribution of films (42.8%), others (15.3%).

Insight: May-18, 1Q18 revenue increased 30.9% to US$10.5m m... Read More


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