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Stock Headliners You Need To Know
Headliners | 12 March 2015
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By: Tan Jia Hui
Articles (82) Profile

Dairy Farm International Holdings posted a 1.6% rise in net profit to US$509.1m for the financial year ended 31 Dec-14, which included a net US$9m in non-trading gains from disposal of properties. Overall performance was mixed. Despite all divisions reporting higher sales, the food division recorded lower profits due to weaker performances in Indonesia, Singapore and the Philippines, which was offset by better performances in its other divisions. The company has declared a final dividend per share of US$0.165, bringing total FY14 dividend per share to US$0.23.

Del Monte Pacific reported revenue of US$637.6m for the third quarter ended 31 Dec-14, with US$511m of sales generated by Del Monte Foods (DMF), which was acquired in Feb-14. However, the group remained in the red with net loss of US$2.2m in the quarter, underpinned by higher interest expenses related to DMF’s acquisition as well as increased distribution, selling, general and administrative expenses. For the 9-month period, turnover of US$1.6b and net loss of US$23.9m were recorded.

KLW Holdings has agreed to acquire a 5-storey freestanding office building located in Melbourne, Australia for approximately AUD12.5m ($13.3m), which will be funded through internal resources and debt. The property is currently classified in a mixed use zone but is subjected to potential rezoning for inclusion in a capital city zone. There are a range of potential development options for the asset, including refurbishment or redevelopment into a multi-level residential apartment, student accommodation and a boutique hotel.

KS Energy announced that its indirect subsidiary, PT Atlantic Oilfield Services, and its joint operation partner have been awarded a US$7.2m contract for the KS Java Star jack-updrilling rig. The contract is expected to commence in Mar-15.

Nam Cheong has won contracts for 2 vessels – a 200-men accommodation work vessel and a 12,000 brake horsepower anchor handling towing supply vessel – worth US$58m. The new contracts raises the firm’s order book to approximately RM1.7b and are expected to contribute positively to its FY15 and FY16 results.

Singapore Post’s unit, SingPost eCommerce has agreed on a 33:67 joint venture (JV) with PT Trikomsel Oke, to set up an Indonesian JV company for the importation and supply of goods to e-commerce and online retailers as well as providing technical support services related to e-commerce platforms. The partnership will allow the group to leverage on Trikomsel’s distribution reach in Indonesia, which is expected to become the world’s third largest consumer base.

Triyards Holdings has secured contracts for 2 ice-class multi-purpose support vessels (MPSV) and a turret fabrication job worth over US$100m. Year-to-date, the firm has added almost US$180m in new orders and the new MPSV contracts will extend its earnings visibility beyond FY16.

WE Holdings has entered into a non-binding memorandum of understanding to acquire the entire stake in Singapore Hua Kai Engineering Co, a firm primarily engaged in the trading of sand, dredging and the supply of processed sand, for $25m. The group believes the proposed acquisition will provide it with a ready entry into the land reclamation business, which it anticipates will have an increased demand. The consideration will be paid in $8m cash and $2m worth of the firm’s shares, with the remaining $15m paid over a 3-year period subjected Hua Kai attaining certain net profit targets.

Yongnam Holdings’ subsidiary, Yongnam Engineering & Construction has formed a 51:49 JV with Jian Huang Construction Co, and the JV has inked a $159m contract for the JTC Food Hub @ Senoko. The project, which is expected to commence this month, involves the building and development of a new 7-storey ramp-up development in the Senoko Food Zone and is slated for completion in 1H17.

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.

Dairy Farm Int'l Hldgs  7.820 -0.06 -0.76%   
Business: Asian retail co that operates supermarkets, convenience stores & others. [FY18 Turnover] Food (70.3%), health & beauty (14.6%), restaurants (11.8%), home furnishings (3.3%).

Insight: Feb-19, FY18 net profit plunged 77% to US$92m due ... Read More
Del Monte Pacific  -- -- --   
Business: Co produces processed & non-processed fruit & food pdts, beverages & food ingredients.

Insight: Mar-19, 9M19 turnover fell 10.4% to US$1.5b largel... Read More
KLW Hldgs  0.003 +0.001 +50.00%   
Business: Engaged in the manufacture and distribution of engineered doors. [FY18 Turnover] Door business (99.7%), property business (0.3%).

Insight: Feb-19, 9M19 revenue fell 9.6% due to lower export... Read More
KS Energy  -- -- --   
Business: An integrated oilfield supply & services providers. [FY17 Turnover] Drilling (98.8%), engineering (1.2%).

Insight: Nov-18, 9M18 revenue rose 32.8% due to higher reve... Read More
Nam Cheong  0.009 -- --   
Business: An offshore marine group specialising in the building of offshore support vessels. [FY18 Turnover] Shipbuilding (59.2%), vessel chartering (40.8%).

Insight: Feb-19, FY18 revenue rose 3.2% due to increased re... Read More
Singapore Post  0.940 +0.010 +1.08%   
Business: [FY19 Turnover] Post and Parcel (47.8%), logistics (31%), eCommerce (15.5%), property (5.7%).

Insight: May-19, FY19 revenue rose 2.9% to $1.6b largely du... 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
Accrelist  0.002 -0.002 -50.00%   
Business: Formerly WE Holdings, Co distributes electronics components and test equipment for the disk drive industry.

Insight: Nov-18, 1H19 revenue more than doubled to $88.4m w... Read More


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