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Stocks In Focus SG (AIMS AMP REIT, OCBC, Parkway Life REIT) – 30/10/14
Daily Bulletin | 30 October 2014
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AIMS AMP Capital Industrial REIT posted an 8.2 percent gain in net property income (NPI) for the second quarter ended 30 September, driven by a maiden rental contribution from the newly completed properties at 103 Defu Lane 10 and Phase 2E of 20 Gul Way. Subsequently, distribution to unitholders was lifted up by 19.2 percent to $17.3 million. The trust has declared a distribution per unit of $0.0277.

Creative Technology’s revenue fell 20.1 percent to US$24.3 million for the first quarter ended 30 September, due to the uncertain and difficult market conditions. Other losses of US$3.6 million compared to a $1.4 million gain in the corresponding period last year, which mainly comprised a US$3.3 million foreign exchange loss, led losses to expand 77.5 percent to $9.8 million.

IndoFood Agri Resources saw a 17.1 percent gain in revenue to IDR3.6 trillion for the third quarter ended 30 September, mainly attributable to higher sales volume and commodity prices for palm products. Subsequently, earnings were up 1.6 percent to IDR124.8 billion. For the nine months, revenue advanced 13 percent to IDR10.8 trillion while earnings soared 80.4 percent to IDR533.3 billion on the back of higher gross margin registered on its sales.

Oversea-Chinese Banking Corporation posted a 27.4 percent gain in net interest income to $1.2 billion for the third quarter ended 30 September, led by strong asset growth and a five-basis point increase in net interest margin from 1.63 percent to 1.68 percent. Consequently, net profit pranced up 62.3 percent to $1.2 billion. For the nine months, net interest income surged 21.3 percent to $3.5 billion matched with a 48.6 percent increase in net profit to $3.1 billion.

Parkway Life Real Estate Investment Trust’s NPI gained 8.6 percent to $23.7 million for the third quarter ended 30 September, mainly due to revenue contribution from the properties acquired in 2H13 and 1Q14, and higher rent from existing properties, partially offset by the depreciation of the Japanese Yen. Consequently, distributable income to unitholders rose 8.9 percent to $17.6 million. The trust has declared a distribution per unit of $0.029.

Sing Investments & Finance posted an 8 percent gain in net interest income and hiring charges to $8.2 million for the third quarter ended 30 September, largely due to a total loan assets growth of 7.2 percent to $1.7 billion as at 30 September. Subsequently, net profit surged 25.7 percent to $3.8 million. For the nine months, net interest income and hiring charges saw a 9.4 percent growth to $24.5 million, while net profit jumped 29.1 percent to $10.2 million.

SMRT Corporation partnered with HAILO! to launch the latter’s application in Singapore. The application allows passengers to call a taxi to their location as well as providing a mobile payment system for fare payments where the receipts are instantly sent by email. A taxi fleet operator, Prime Taxi, has also joined with SMRT to support the new platform.

Trek 2000 International proposed a 70:30 joint venture (JV) with Unimicron Technology Corporation to produce solid-state drives (SSD) for portable consumer electronics. The JV company, UniMemory  Technology (S), will have a paid up capital of US$5 million where Trek’s share is US$3.5 million. Trek will provide its expertise in controlling areas of SSD, embedded multi-media controller and embedded multi-media chips as well as supply memory modules to UniMemory, while Unimicron will utilise its sales network to distribute UniMemory’s products.

800 Super Holdings proposed the sale of its property at 2 Loyang Walk for $7.6 million. The property has a land area of 2,578.4 square metres and comprises an operations depot and a materials recovery facility. The disposal is in tandem with the conclusion of its North-east district public street cleansing project on 31 August, and the proceeds generated from the move will be used for the company’s general working capital.

AIMS APAC REIT  1.380 +0.010 +0.73%   
Business: Co is a real estate investment trust with a focus on distribution activities, business park activities and manufacturing activities.

Insight: Feb-19, 3Q19 gross revenue slipped 0.8% to $88.2m ... Read More
Creative Technology  2.810 -0.01 -0.35%   
Business: [FY18 Turnover] Audio, speakers & headphones (94.3%), personal digital entertainment (3.1%), other products (2.6%).

Insight: Feb-19, 1H19 net sales decreased by 20% due to the... Read More
Indofood Agri Resources  0.320 -- --   
Business: Diversified agri-business mfg & retailing cooking oil, with oil palm, rubber & sugar plantation in Indonesia. [FY18 Turnover] Edible oil & fats (75.4%), plantations (24.6%).

Insight: Apr-19, 1Q19 revenue rose 5.3% due to higher sales... Read More
Oversea-Chinese Banking Corp  10.740 -0.11 -1.01%   
Business: [FY18 Turnover] Global corporate/investment banking (35%), global consumer/private banking (34.8%), OCBC Wing Hang (11.5%), insurance (11%), global treasury & mkts (7.7%).

Insight: May-19, 1Q19 total income rose 14.7% driven by str... Read More
Parkway Life REIT  3.270 +0.04 +1.24%   
Business: Invs REIT specialising in healthcare ppties.

Insight: Jul-18, 1H18 gross revenue rose 2.3% to $55.9m lar... Read More
Sing Invs & Finance  -- -- --   
Business: Co offers services, including the acceptance of fixed and savings deposits from the public, and the provision of loans and credit facilities to individuals and corporations.

Insight: Aug-18, 1H18 net interest income and hiring charge... Read More
Trek 2000 Int'l  0.073 -- --   
Business: Co is engaged in the ownership of a portfolio of intellectual property [FY17 Turnover] Interactive consumer solutions (97.5%), customised solutions (2.3%), licensing (0.2%).

Insight: Aug-18, 1H18 revenue fell 69% to US$22.2m due to u... Read More

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