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Stock Headliners You Need To Know
Headliners | 24 December 2014
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By: Tan Jia Hui
Articles (82) Profile

AEI Corporation has entered into a placement agreement with Well Global Investments (Singapore), who has agreed to subscribe to 20m new shares of the firm at $0.13 per share. The estimated net proceeds from the exercise is $2.6m, which will be used to finance its investment opportunities or acquisitions of other businesses synergistic to its operations.

Alibaba Pictures Group’s 1H14 turnover fell 77.1% to HK$74m due to delays in its film and television projects, and a withholding of strategic implementations by the former management. Consequently, a net loss of HK$443.5m was recorded, contrasting to the profit in the same period last year.

Centurion Corporation and Lian Beng Group have been selected by an entity representing the Association of Process Industry to jointly develop a 7,900-bed workers accommodation and training centre in Jalan Papan, Singapore. The development will be held through Centurion-Lian Beng (Papan), a 51-49% joint venture between Centurion and Lian Beng respectively.

Chiwayland International has been awarded the tender for a land located in New South Wales, Australia, at a purchase price of AUD27m ($28.8m). Chiwayland’s Australian subsidiary, Chiwayland Australia, has submitted a 10% deposit and will repay the remainder within 6 months from the date of award. The land has an area of 2,878 sqm, and will be developed into residential units. The company will finance the purchase via internal funds and possibly with external borrowings.

CSC Holdings has entered into a framework investment agreement with New Hope Singapore (NHS) to negotiate a joint venture (JV) effort for the acquisition and development of a leasehold industrial land at Tuas South Street 9. The group will acquire a minority interest in NH Singapore Biotechnology, the JV vehicle. The $7m land will be developed into a modern high value added factory, fabrication yards and workshops for NHS’ and CSC Holdings’ business operations.

Koyo International announced that its wholly owned subsidiary Koyo Engineering (SE Asia) has been awarded a $2.5m contract to provide 2 years of maintenance for the mechanical and electrical systems at One Raffles Place. The contract commences on 1 January 2015, and is renewable for 1 year after the contract period.

Metro Holdings’ indirect associate companies, Diamond Wind Company and Choice Bright Holdings, have agreed to sell their 50% interest in 6 companies to an unrelated party. The divestment is agreed upon at US$205.2m. Metro’s 21.4% share of the consideration under the deal is approximately US$43.9m ($57.3m).

Parkway Life REIT has agreed to purchase Ocean View Shonan Arasaki, a nursing home and care facility property, for JPY1.7b ($18.9m). This is the second acquisition announced in 4Q14, aimed at fortifying and enhancing its Japanese portfolio. The property is expected to generate a net property yield of 6.9%, which the REIT’s manager believes to be distribution per unit-accretive. The purchase will be funded via a 5-year committed and unsecured Japanese yen term loan facility.

Singapore Telecommunications signed a conditional agreement to wholly acquire Ensyst, an Australia firm providing cloud-based services including cloud architecture, cloud migration and unified communications systems. The AUD13m acquisition will be paid in cash, subjecting to working capital adjustments. Based on Ensyst’s unaudited accounts as at 30 September, it has a net tangible asset worth of AUD0.2m.

XMH Holdings’ 1H15 revenue fell 7.1% to $45m, on the back of a decrease in sales from the distribution segment. Gross profit margin rose by 3.6 percentage points to 27.5%, attributable to an overall increase in gross profit margins throughout all business segments. Despite an increase in operating expenses due to the inclusion of Mech-Power Generator, the company was still able to generate an operating profit, and recorded a net profit of $2.1m, which represents a contraction 54.9%.

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.

Alibaba Pictures Group  -- -- --   
Business: Flagship unit of Alibaba Group's entertainment arm. [FY17 Turnover] Internet-based promotion & distribution (83.3%), content production (14.4%), integrated development (2.3%).

Insight: Feb-18, FY17 revenue increased by 161.6% driven by... Read More
Lian Beng Group  0.495 -0.005 -1.00%   
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
CSC Hldgs  0.020 -- --   
Business: [FY18 Turnover] Foundation engineering (88.8%), sales & lease of equipment (11.2%).

Insight: Aug-18, 1Q19 net loss narrowed by 16.9% as revenue... Read More
Koyo Int'l  -- -- --   
Business: [FY17 Turnover] Mechanical engineering (51.3%), facilities management (46.1%), electrical engineering (2.6%).

Insight: Aug-18, 1H18 revenue rose 33.9% mainly due to high... Read More
Metro Hldgs  -- -- --   
Business: Invests in property & manages retail businesses. [FY19 Turnover] Retail (80.3%), property (19.7%).

Insight: May-19, FY19 revenue rose 26.1% as the property di... 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
Singtel  3.150 -0.01 -0.32%   
Business: Asia's leading communications group. [FY19 Turnover] Mobile Comm (31.1%), Data & Internet (19.2%), Infocomm Technology (17.5%), Sale of Eqmt (16.5%), Digital Biz (7.2%), Fixed Voice (5.2%), Pay-TV (2.1%), Leasing (0.8%), others (0.4%).

Insight: May-19, FY19 operating revenue remained flat at $1... Read More


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