Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,169.89 +9.17 +0.29%
Hang Seng 27,353.93 +86.80 +0.32%
Dow Jones 25,585.69 +95.22 +0.37%
Shanghai Composite 2,852.99 +0.48 +0.02%
Stocks In Focus SG (Keppel Corp, SATS, United Fiber) – 17/04/15
Daily Bulletin | 17 April 2015
Related stocks:

Keppel Corporation’s net profit rose 6.4 percent to $360.2 million for the quarter ended 31 March 2015, attributable to lower taxation for the period and a smaller portion of profit attributable to non-controlling interests. However, revenue slid 6.1 percent to $2.8 billion, due to lower contributions from its infrastructure unit. The group said it will focus on areas beyond drilling rigs, expecting demand to remain resilient and is already building non-drilling vessels such as accommodation semis and liftboats.

Qian Hu Corporation posted a net profit of $112,000 for the first quarter in the financial year of 2015 (FY2015), 2.6 percent lower than $115,000 a year ago. Revenue inched up 0.3 percent to $20.8 million. Qian Hu’s core businesses are growing steadily as they continue to transform and position Qian Hu as an innovative ornamental fish company, focusing on cutting-edge product developments in filtration, fish nutrition and genetic breeding of unique Dragon Fish. By strengthening fundamentals and cash generation capabilities, the firm is on track to being more resilient and sustainable in an increasingly challenging business environment.

Rex International announced that its jointly-controlled entity, Lime Petroleum Norway AS, has signed an agreement with Lundin Norway AS to acquire a 30 percent stake in license PL544 in the Norwegian North Sea, subject to regulatory approval. Upon completion of transaction, the partners in the license will be Lundin at 40 percent, Lime Norway at 30 percent and Bayerngas Norge AS at 30 percent. The Fosen prospect is scheduled to be drilled in 2015 and is estimated to hold a gross unrisked prospective resources estimated at 192 million barrels oil equivalents.

SATS announced that its wholly-owned subsidiary, Singapore Food Industries (SFI), has entered into a 51:49 joint venture (JV) with BRG, to set up a company in Singapore whose business will encompass meat processing and manufacturing of branded food products for distribution to retailers, restaurants, wholesalers, distributors and ship chandlers. The JV company will be named SATS BRF Food, and will have an issued and paid up share capital of $48 million.

United Fiber Systems (UniFiber) is near the completion of its protracted $1.9 billion reverse takeover (RTO) of Jakarta-listed PT Golden Energy Mines, controlled by the Widjaja family’s Sinar Mas group and led by tycoon Eka Tjipta Widjaja. Sinar Mas, Indonesia’s largest conglomerate also owns Singapore-listed Golden-Agri Resources and Sinarmas land. A takeover battle for London-listed Indonesia coal mine Asia Resource Minerals (ARMS) between bigwig billionaire shareholders – Indonesia Widjaja family and European financier Nat Rothschild – has taken place with UniFiber waiting in the wings for an outcome that could transform UniFiber into a major coal miner.

Keppel Corp  6.120 -0.01 -0.16%   
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
Rex Int'l Hldg  0.063 +0.001 +1.61%   
Business: An independent oil & gas exploration & pdtn Co which has access to a set of proprietary & innovative exploration tech that mitigates exploration cost & risk.

Insight: May-19, 1Q19 no service revenue was generated from... Read More
SATS  5.070 +0.04 +0.80%   
Business: Asia's leading provider of gateway services and food solutions. [FY19 Turnover] Food solutions (54.1%), gateway svcs (45.8%), others (0.1%).

Insight: May-19, FY19 revenue rose 6% to $1.8b driven by hi... Read More

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.