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Stocks In Focus SG (Haw Par Corp, Hyflux, Venture Corp) – 02/03/15
Daily Bulletin | 02 March 2015
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Haw Par Corporation posted a 9.2 percent growth in revenue to $154.2 million for the year ended 31 December 2014, helped by increased contribution from its healthcare segment. Helped further by a 16.8 percent increase in other income from higher dividend income and gains on disposal of certain financial assets, earnings were up 10.1 percent to $118.8 million. The company has declared a second and final dividend per share of $0.14.

Hyflux’s revenue sank 40 percent to $321.4 million for the year ended 31 December 2014, mainly due to the completion of the Tuaspring desalination plant in FY13 and the slower than anticipated commencement of the Dahej project. However, a multi-fold gain in other income to $170 million from $10.2 million, led earnings to accelerate to $57.5 million from $44 million in FY13. The company has declared a final dividend per share of $0.016.

Q&M Dental Group (Singapore) posted a 40.9 percent to $100.3 million for the year ended 31 December 2014, largely attributed to higher revenue from existing dental outlets, contributions from new dental and medical outlets in Singapore and Malaysia as well as the acquisition of Aoxin in China. Despite the growth in overall expenses such as a 23.8 percent expansion in employee benefits expense, earnings soared 32.6 percent to $8.6 million. The company has declared a final dividend per share of $0.0032.

Sino Grandness Food Industry Group’s revenue declined 8.3 percent to Rmb503.6 million for the fourth quarter ended 31 December 2014, underpinned by lower sales of canned products in the overseas markets. Overall expenses expanded, in particular to a 51.2 percent and 94.2 percent expansion in distribution and selling expenses and finance costs respectively. Subsequently, the company incurred a loss of Rmb64 million compared to a net profit of Rmb32.5 million a year ago. For the full year, revenue soared 24.7 percent to Rmb2.8 billion while earnings sank 18.9 percent to Rmb233.4 million.

Venture Corporation’s revenue gained 8.3 percent to $674.7 million for the fourth quarter ended 31 December 2014, driven mainly by higher contributions from the test and measurement/medical and life science/other segments. Despite an 8 percent gain in raw materials and consumables used to $544.1 million, earnings were up 3.5 percent to $39.3 million. For the year, revenue grew 5.8 percent to $2.5 billion while earnings were up 6.6 percent to $139.8 million. The company has declared a final dividend per share of $0.50.

Haw Par Corp  13.590 -0.01 -0.07%   
Business: Engaged in healthcare products, providing leisure-related svcs & inv in ppties & securities. [FY17 Turnover] Healthcare products (90.5%), property & leisure (9.5%).

Insight: May-18, 1Q18 revenue slid 1.4% slightly affected b... Read More
Hyflux  -- -- --   
Business: Provides integrated water management & environmental solutions. [FY17 Turnover] Municipal (82.5%), industrial (16%), others (1.5%).

Insight: May-18, 1Q18 revenue slid 21.3% mainly due to lowe... Read More
Q&M Dental Group (S'pore)  0.505 -0.005 -0.98%   
Business: Co is a private dental healthcare provider in Asia. [FY17 Turnover] Dental clinics (91.3%), dental supplies manufacturing (8.7%)

Insight: May-18, 1Q18 total revenue fell 10.3% to $28.7m ma... Read More
Sino Grandness Food Industry Group  0.200 -- --   
Business: Integrated manufacturer & distributor of own-branded Garden Fresh juices as well as canned fruits & vegetables. [FY17 Turnover] Beverage (72.4%), canned pdts (27.6%).

Insight: May-18, 1Q18 revenue rose 14.6% to Rmb728.1m due t... Read More
Venture Corp  18.110 +0.66 +3.78%   
Business: Co provides technology services, products and solutions. [FY17 Turnover] Electronic services provider (76.6%), retail store solution & industrial (20%), components technology (3.4%).

Insight: Aug-18, 1H18 revenue fell marginally by 2.6% to $1... Read More


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