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Stock Headliners You Need To Know
Headliners | 08 January 2015
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By: Tan Jia Hui
Articles (82) Profile

City Developments, via its subsidiary, Systematic Holdings, proposed the acquisition of the entire issued share capital of Systematic Laundry & Healthcare Services and Systematic Laundry & Uniform Services. The transactions were completed on 1 Jan-15, for a total consideration of $7.3m plus a deferred sum of $0.8m, conditional upon the satisfaction of certain profit before tax targets set for Systematic Laundry & Uniform Services for FY15 to FY17.

Dyna-Mac Holdings has closed a deal worth an estimated $89m to construct 10 floating production, storage and offloading (FSPO) vessels’ topside modules and 1 flare tower for BW Offshore. The contract is expected to contribute positively to earnings, net tangible assets and earnings per share for FY15.

EMAS Offshore’s 1Q15 turnover fell 9.1% to US$72.7m, due to the return of a leased-in third party vessel in 2H14 and weakness in the shallow water platform support vessels segment. However, a surge in other income to US$141.1m, which included the bargain purchase arising from the reverse takeover and arising from the step-acquisition of a JV, saw net profit rising more than 13-fold to US$148.4m.

Global Logistic Properties has agreed to lease a cumulative 84,000 sqm of its logistic facilities to 6 third-party logistics providers in China, consisting of a new customer that is a leading China state-owned logistics company. In a separate announcement, the group also sealed 4 new lease agreements totalling 70,000 sqm in Greater Tokyo.

Keppel Corporation’s wholly owned specialised shipbuilder, Keppel Singmarine, has secured 2 contracts worth over $65m. The contracts entail the building of a multi-task anchor handling tug vessel to be completed in 2Q16 and the provision of technical services for the construction of a liftboat.

Manufacturing Integration Technology (MIT) has signed a $10.5m contract to deliver 2 lines of equipment for making building integrated photovoltaics to an existing customer in China. The winning of the contract brings MIT’s outstanding order book in 2015 to $42m, and is expected to contribute positively to financial results in FY15.

Ntegrator International signed new contracts worth $14.5m to supply high-performance batteries to Viettel Global Investment Joint Stock Company, for the upgrading of M1’s carrier ethernet network, and the installation of fiber cable for Sino Huawei Technologies. Both Viettel and M1 are repeat customers and these deals reflect customer confidence in Ntegrator’s ability to deliver higher quality products and services and will strengthen its order book.

Sakae Holdings has diversified into corporate advisory services under the name Sakae Corporate Advisory, and will have Q&M Dental Group (Singapore) as its first client for 2 years.

Triyards Holdings kick-started 2015 on a positive note, with 2 new contracts for 4-legged liftboats totalling US$75.4m, extending its earnings visibility through FY16. The group has also reported a 12.5% rise in net profit for 1Q15, despite a 37.1% contraction in top line, attributable to higher margin from an offshore fabrication project and different mix of projects at their respective completion stage coupled with a rise in other income.

Unionmet (Singapore) has disclosed a disposal of its subsidiary, Liuzhou Union Zinc Industry Co (Luz), to Divine Season for $4.5m. Luz has been in a loss-making position since 2011 despite efforts to make a turnaround. Proceeds generated from the disposal will be channeled to reduce Unionmet’s overheads and losses, as well as capital for its new businesses in property development and oil blending.

Vard Holdings’ specialised subsidiary, Seaonics, has inked a large equipment contract for a vessel under construction at Fincantieri, worth NOK100m. The contract, which marks the largest deal to date for Seaonics, is an equipment package inclusive of winches, deck cranes, and overboarding systems.

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.

City Developments  9.360 +0.08 +0.86%   
Business: Co is an international property & hotel conglomerate. [FY18 Turnover] Property development (48.4%), hotel operations (39.8%), rental properties (8.5%), others (3.3%).

Insight: May-19, 1Q19 decreased 29.5% to $746.2m compared t... Read More
Dyna-Mac Hldgs  0.101 +0.001 +1.00%   
Business: Provides engineering, procurement & construction services to the offshore oil & gas, marine construction & others. [FY17 Turnover] Module business (96.3%), ad hoc project (4.7%).

Insight: Aug-18, 1H18 revenue surged to $59.8m mainly due t... Read More
EMAS Offshore  -- -- --   
Business: Established offshore oil & gas services provider. [FY16 Turnover] Offshore marine (99.9%), offshore production (0.01%).

Insight: Mar-18, FY17 revenue fell 19% as Co continued to b... Read More
Keppel Corp  5.940 +0.02 +0.34%   
Business: [FY18 Turnover] Infrastructure (44.1%), offshore & marine (O&M) (31.4%), property (22.5%), investments (2%).

Insight: Apr-19, 1Q19 revenue rose 4.1% underpinned by high... Read More
Manufacturing Integration Technology  -- -- --   
Business: Co's core business focuses on Contract Equipment Manufacturing comprising built-to-print and customised automation.

Insight: Feb-19, FY18 revenue slid 71.6% mainly due to disc... Read More
Ntegrator Int'l  -- -- --   
Business: Co provides information technology and telecommunication solutions. [FY18 Geographical] Singapore (87.1%), Myanmar (12.4%), Vietnam (0.5%).

Insight: Feb-19, FY18 revenue dipped 2.9% mainly due to low... Read More
Sakae Hldgs  -- -- --   
Business: Singapore-based food & beverage company.

Insight: May-19, 9M19 revenue fell 28.4% to $33.9m due to s... Read More
Q&M Dental Group (S'pore)  0.490 +0.005 +1.03%   
Business: Co is a private dental healthcare provider in Asia. [FY18 Turnover] Primary healthcare (93.1%), dental equipment & supplies distribution (6.9%)

Insight: May-19, 1Q19 total revenue inched up 4.2% to $29.9... 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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