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Stock Headliners You Need To Know
Headliners | 05 February 2015
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By: Peter Ng
Articles (81) Profile

Ezra Holdings secured multiple contracts worth US$65m from various energy companies. The scope of work for these contracts includes a wide range of services including installation works for a floating production storage offloading vessel in Africa, as well as various engineering and offshore construction support contracts. Works on the various project activities have already commenced with offshore execution taking place in 2015 and 2016.

Global Premium Hotels saw a 7.2% gain in revenue to $16m for the fourth quarter ended 31 Dec-14, mainly driven by higher contribution from hotel room revenue. Administrative expenses expanded 21.1% amid a few factors including higher staff costs and property taxes. Nonetheless, net earnings soared 61% to $8.4m. For FY14, revenue edged up 1.5% to $61.5m while net earnings accelerated 9.7% to $21.2m. The company has declared a dividend per share of $0.005.

GuocoLeisure saw a 6.7% dip in revenue to US$99.6m for the second quarter ended 31 Dec-14, due mainly to lower contribution from the gaming and property segments. However, a decrease in gaming duty, personnel expenses, other operating expenses and finance costs helped offset the fall in top line as quarterly net profit rose 8% to US$14.8m. For the 6-month period, turnover slipped 6.5% to US$200.6m while earnings expanded 4% to US$31.4m.

Despite a 28.9% contraction in revenue to $33.4m, IPC Corporation posted a 57.1% surge in net profit to $28.6m for FY14. The better earnings were mainly attributable to revaluation and disposal gains of the group’s properties in Japan. With proceeds of approximately $29.6m from the sale of 2 Sapporo hotels, the group plans to actively explore and evaluate business opportunities related to its core business of property investment and development with a focus in hotel investments and other income producing assets.

OKP Holdings’ wholly-owned subsidiary, Or Kim Peow Contractors has been awarded 2 contracts worth a total of $143.8m by the Land Transport Authority, for the construction of sheltered linkways. The latest wins boost the group’s gross order book to $296.8m, extending to 2019.

OSIM International posted flattish revenue and earnings of $177.7m and $27.4m respectively for the fourth quarter ended 31 Dec-14, mainly attributed to a weaker economic environment. For the full year, revenue was up 6.7% to $691.1m, while earnings were flat at $102.2m mainly as a result of higher employee benefits expenses. The company has a declared a final dividend per share of $0.02.

SIA Engineering Co saw a 6.5% decline in turnover to $265.3m for the third quarter ended 31 Dec-14, as work content was lower with fewer heavy checks. Despite a 6.8% reduction in operating expenses, earnings was down 23.5% to $46.3m as a result of lower contributions from the company’s joint venture and associate companies. For the nine months, revenue was down 2.6% to $844.6m and earnings dropped 29.2% to $141.9m.

Sino Construction’s unit, Magnum Energy has entered into a 70:30 joint venture (JV) with Primeforth Special Situation Fund, to establish and operate Magnum Modular Power Generation. The JV firm, which will have an issued and paid-up share capital of $1m, will undertake the business of generation and sales of electricity from renewable energy sources, namely biofuel. The group sees the deal as an extension to its strategy in the energy resources sector and is optimistic about the prospects of the renewable energy business.

Starburst Holdings has been awarded a contract worth $11.8m for the Marina One project at Marina Way in Singapore. Under the contract, the company’s unit, Starburst Engineering will undertake the supply, fabrication, delivery, installation and warranty of facade steelworks. The contract also comes with an option worth $1.7m for additional works.  The project will commence in Feb-15 and is expected to be complete in Aug-16.

Backed by a strong interest in investments, Peter's research spans across a range of industries, with his focus placed on companies listed on the SGX.

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Ezra Hldgs  -- -- --   
Business: Co is a provider of integrated offshore solutions to the oil & gas industry. [FY16 Turnover] Marine Services (68.9%), offshore support and production services (25.7%), subsea services (5.4%).

Insight: Oct-17, The US Bankruptcy Court approved the appli... Read More
GL  0.775 +0.005 +0.65%   
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
OKP Hldgs  0.200 -- --   
Business: An infrastructure and civil engineering company. [FY18 Turnover] Construction (50.9%), maintenance (44.6%), rental income (4.5%).

Insight: May-19, 1Q19 revenue slid 16.8% due to decreased r... Read More
SIA Engineering Co  2.590 +0.01 +0.39%   
Business: A leading aircraft maintenance, repair and overhaul (MRO) company providing total maintenance solutions to a client base of international airlines. [FY18 Turnover] Airframe and Line Maintenance (97.5%), Engine and Component (2.5%).

Insight: May-19, FY19 revenue was 6.8% lower at $1b largely... Read More
MMP Resources  -- -- --   
Business: Engages in the business of micro power plants.

Insight: May-19, 1Q19 revenue slid 25.8% mainly due to a sl... Read More
Starburst Hldgs  0.380 -- --   
Business: Co engages in the design and engineering of firearms-training facilities. [FY18 Turnover] Maintenance services & others (94.4%), firearm shooting ranges (5.6%).

Insight: May-19, 1Q19 revenue remained flat at $1.6b which ... Read More

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