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Stocks In Focus SG (Huationg Global, Libra, Midas) – 04/03/15
Daily Bulletin | 04 March 2015
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Civil engineering solutions provider Huationg Global secured new contracts worth a total of $28.5 million. Expected to be delivered by the firm over the next five years, the latest deals will boost Huationg Global’s order book to approximately $118.5 million as at 27 February 2015.

Libra Group clinched three new deals worth about $45 million, raising the firm’s order book to over $102 million as at 3 March 2015. Scheduled to be completed by December 2015, two of the contracts pertain to works for an existing industrial building in Toa Payoh. The remaining project is a sub-contract for works at a proposed erection of a hotel and a three-storey clubhouse at Stevens Road. Works are expected to be completed by April 2017.

Midas Holdings won a US$58.3 million (approximately Rmb365.9 million) contract to supply aluminium alloy extrusion profiles and fabricated parts for a rail project in the US. With delivery slated to take place progressively between 2015 and 2020, this contract is Midas’ single largest export contract to-date as well as its maiden rail contract in the US.

Smartflex Holdings’ subsidiary, Smartflex Technology, a leading contract manufacturer specialising in assembly and testing services of smart card identity modules, has been awarded Common Criteria site certification at Evaluation Assurance Level Five Augmented (“EAL5+”) under Agence Nationale de la Sécurité des Systèmes d’Information (“ANSSI”) from France. The Common Criteria is internationally recognised by 26 countries under the current Common Criteria Recognition Arrangement as the evaluation standard of information technology security products. With the EAL5+ evaluation, financial institutions and any organisations that demand rigorous security assurance can place Smartflex Technology in confidence to handle sensitive information reliably.

Huationg Global  -- -- --   
Business: Provides civil engineering services for infrastructure projects & ancillary inland logistics support services. [FY18 Turnover] Civil engineering (87.5%), sale of construction materials (6.7%), inland logistics support (5.8%).

Insight: Mar-19, FY18 revenue rose 13.1% due to increased r... Read More
Libra Group  -- -- --   
Business: Principally engaged in the provision of integrated mechanical & electrical engineering (M&E) services as a sub-contractor. [FY18 Turnover] M&E (43.8%), building & construction solutions (25.1%), mfg (17.5%), travel & tour svcs biz (13.6%).

Insight: Mar-19, FY18 revenue rose 54.9% due to higher reve... Read More
Midas Hldgs  -- -- --   
Business: Manufacturer of aluminium alloy extrusion products for China's rail transportation sector. [FY16 Turnover] Aluminium alloy (99.3%), polyethylene pipe (0.7%).

Insight: Jan-18, Co announced that its JV company, CRRC Nan... Read More
Asia Vets Holdings  -- -- --   
Business: Co is currently a cash company.

Insight: Feb-18, FY17 Co continues being a cash company tha... Read More

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