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Stock Headliners You Need To Know
Headliners | 27 November 2014
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By: Tan Jia Hui
Articles (82) Profile

Amplefield has been awarded a contract worth $233m for the design, execution and completion of main infrastructure works including but not limited to earth filling, road works, street lightings and landscaping works, on a 300 ha parcel of land in Ho Chi Minh, Vietnam. The main infrastructure construction shall be completed within 36 months from the date of handover of the relevant parcels of land.

Keppel Telecommunications & Transportation agreed to acquire a data centre located in Almere, the Netherlands for a price that has yet to be disclosed. The property, Almere Data Centre 2 is a purpose-built shell and core data centre facility strategically located on a freehold land that is 40 minutes away from Amsterdam. At the same time, a binding letter of intent was inked with a major tenant who has committed to lease approximately 40% of the space at the data centre.

Lian Beng Group has entered into a 65:35 JV with The Legacy Industrial (Mandai) for the redevelopment of a property located at Mandai Link Lot No. 1718L of Mukim 14, Singapore. The JV company, Wealth Property, has been awarded the tender for the purchase of the land parcel at the property for $21.3m and intends to redevelop the property after obtaining approvals from the relevant authorities.

Mapletree Logistics Trust proposed the acquisition of Smart Logistics Centre for KRW21.4b (approximately $25.2m). The property, located in Fashion Forest in Gyeonggi province, Korea, is a 3-storey grade “A” dry warehouse with a gross floor area of 19,300 sqm, and is fully leased to 2 Korean logistics operators, with a weighted average lease expiry of 4.7 years. The acquisition is expected to be yield-accretive while generating an initial net property income yield of 7.8% and will be fully funded by debt.

Marco Polo Marine’s revenue sank 17% to $23.6m for the fourth quarter ended 30 Sep-14, as the group registered lower contributions across the board. Coupled with an overall gain in total expenses, net profit fell 40.1% to $2.5m. For the full year, revenue increased 20.9% to $113.1m while net earnings shrank 54.6% to $10.1m.

Pacific Andes Resources Development saw a 7.3% decline in revenue to HK$8.1b for the year ended 28 Sep-14, attributable to weaker performance at its frozen fish supply chain management and contract supply business divisions. However, in tandem with enhanced operating efficiencies and improved sales leverage on fixed costs resulting from higher production volume in the fishery and fish supply division, gross profit jumped 25.9%. Subsequently, net earnings were up 27.5% to HK$953.4m.

Sapphire Corporation proposed the acquisition and further subscription of shares in Ranken Infrastructure for an aggregate consideration of Rmb360.4m (approximately $75.9m). Ranken mainly specialises in the design, civil engineering and construction of railway transport infrastructure and is the 2nd largest privately-owned company of its type in China. The acquisition is in line with the company’s plan of diversifying and exiting the steel business. The company intends to finance the acquisition by cash and in the form of a private placement to the vendor.

Yuexiu Property Company acquired a land parcel measuring 0.6m sqm in total gross floor area (including underground) for Rmb6.5b. Located in the city center of Guangzhou, China, in Baiyun District, the land parcel is expected to be developed for residential use. Including the latest tender, the company’s total land bank is approximately 15.7m sqm.

Zhongmin Baihui Retail Group has successfully bidded for a proposed 15-year lease of the premises located at Xianyou Lizhong Wenti Lvhua Square in Fujian Province, China. The group intends to use the premise for the operation of a 1-floor departmental store on the basement with an aggregate gross floor area of 6,700 sqm and a basement car park. The departmental store is expected to be fully operational in 1H15 and will be funded through internal funds.

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.

Lian Beng Group  0.510 -- --   
Business: A construction co with integrated civil engineering & support service capabilities. [FY18 Turnover] Construction (43.6%), mfg of concrete (24.4%), ppty development (14.5%), dormitory (9.1%), investment holding (8.3%), engineering & leasing of machinery (0.1%).

Insight: Apr-19, 9M19 revenue dipped 1% due to decreased re... Read More
Mapletree Logistics Trust  1.570 -0.020 -1.26%   
Business: Real Estate Invs Trust. Invs in logistics ppties. [FY19 Geographical] S'pore (36.2%), HK (24.7%), Japan (13.4%), Australia (8.1%), S.Korea (6.3%), China (5.8%), Malaysia (3.8%), Vietnam (1.7%).

Insight: Apr-19, FY19 revenue rose 15% due to higher revenu... Read More
Marco Polo Marine  -- -- --   
Business: A regional integrated marine logistic co, principally engaged in shipping & shipyard businesses. [FY18 Turnover] Ship building & repair (56.8%), ship chartering (43.2%).

Insight: May-19, 1H19 revenue slid 17.7% due to reduced shi... Read More
Pacific Andes Resources Devt  -- -- --   
Business: Engages in industrial fishing & supply chain mgt of frozen seafood pdts. [FY14 Turnover] Fishery and fish supply (60.6%), frozen fish SCM (39.4%).

Insight: Mar-15, Co's 1Q15 revenue reported a 25.3% drop, w... Read More
Zhongmin Baihui Retail Group  -- -- --   
Business: Co is principally engaged in the ownership and op of the 'Zhongmin Baihui' department store in PRC.

Insight: May-18, 1Q18 revenue declined marginally by 1.4% t... Read More

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