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Stock Headliners You Need To Know
Headliners | 23 April 2015
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By: Tan Jia Hui
Articles (82) Profile

AVIC International Maritime Holdings has entered into agreements to collectively acquire the entire stake in Shanghai Catic Industrial Co (SCIC), for Rmb207m (approximately $45m). The objective of the acquisition is to obtain and re-develop the estimated 32,110 sqm plot located in the China (Shanghai) Pilot Free Trade Zone owned by SCIC, which will enable the group to consolidate its business operations and to meet its need for office space in the long term. The firm has no intention to continue with SCIC’s business and upon completion of the redevelopment, subjected to the approvals of authorities, will sell part of the remaining space it does not require to recoup part of its costs.

Cambridge Industrial Trust registered a 16.7% jump in gross revenue to $27.5m in 1Q15, underpinned by extra contributions from additional properties acquired and completed ones. Despite net property income rising 11.9% to $21.2m, net income available for distribution grew a lesser 2.1% to $14.6m due to the absence of a gain from disposal of property that was recorded in 1Q14. Coupled with a lower distribution from capital and capital gains, distribution per unit (DPU) fell 2.1% to $0.01225.

CapitaCommercial Trust reported a 6.5% rise in 1Q15 revenue and a 6.4% increase in net property income to around $54m, on the back of positive rent reversions and higher occupancies that resulted in higher gross revenue. Distribution income to unitholders, as a result, rose 4.7% to $62.8m for 1Q15. DPU also rose some 4% to $0.0212 for the quarter.

CapitaMall Trust’s (CMT) 1Q15 revenue inched up 1.6% to $167.4m, attributable to the completion of the second phase of the asset enhancement initiative at Bugis Junction, while DPU grew at a stronger pace of 4.3% y-o-y to $0.0268. During the quarter, CMT managed to obtain positive rental reversions of 6.1%, while shopper traffic and tenants’ sales psf grew by 4.7% and 2.5% respectively.

KSH Holdings has been awarded a $33.2m contract by the National University of Singapore (NUS) to build a 3-storey University Sports Centre Building. Construction is expected to start in Apr-15 and will be completed in 25 months by May-17. The contract win boosted the group’s order book to $420m and also marks the third project awarded to KSH by NUS.

Perennial Real Estate Holdings entered into a 50:50 joint venture (JV) with IJM Land to acquire and develop an approximately 1.4m sqf freehold waterfront site into a large-scale integrated mixed-use development in Gelugor town located on the Eastern coastline of Penang, Malaysia. The total development cost for the project is estimated to be over RM3b. The JV in Penang marks the group’s first foray into a new market which will augment its existing business in core markets of China and Singapore, which should help to diversify its investment portfolio to generate sustainable returns over the longer term.

Sembcorp Marine’s wholly owned subsidiary, Sembawang Shipyard, has secured a floating storage and offloading conversion contract worth $56m from, Teekay, for the Gina Krog Field in the North Sea. The vessel is expected to arrive at Sembawang Shipyard in Jun-15, with completion in 11 months.

Starhill Global REIT announced its proposed acquisition of a freehold property at 14-38 Rundle Mall, Adelaide, South Australia for A$288m in cash ($302.4m). The acquisition is assumed to be funded by internal working capital and debt (about A$145m and $150m term loans). The acquisition is expected to be completed in the quarter ending 30 Jun-15 and will be subject to approval of the Australian Foreign Investment Review Board. The property is located in the city’s retail central business district core, with a retail centre of almost 620,000 sqf space, 3 office buildings occupying 98,000 sqf and 4 basement levels providing 467 carpark lots.

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.

AVIC Int'l Maritime Hldgs  -- -- --   
Business: Co is engaged in the marine and offshore industry. [FY17 Turnover] Ship-design service (42.5%), vessels trading and leasing (19.6%), shipbuilding construction service (18.6%%), shipbuilding project management services (10%), others (9.3%).

Insight: Aug-18, 1H18 revenue increased by 13% supported by... Read More
ESR-REIT  0.535 +0.005 +0.94%   
Business: REIT established with the objective of investing in real estate assets used mainly for industrial purposes.

Insight: Oct-18, 9M18 gross revenue and net property income... Read More
CapitaLand Commercial Trust  1.870 +0.010 +0.54%   
Business: Co is a real estate investment trust.

Insight: Oct-18, 9M18 gross revenue was 17.4% higher at $29... Read More
CapitaLand Mall Trust  2.390 +0.01 +0.42%   
Business: Co owns and invests in quality income-producing assets which are used, or predominantly used, for retail purposes primarily in Singapore.

Insight: Jul-18, 2Q18 gross revenue and net property income... Read More
KSH Hldgs  0.530 +0.010 +1.92%   
Business: [FY18 Turnover] Construction (95.4%), property development and management (4.6%).

Insight: Nov-18, 1H19 revenue rose 42.5% mainly due to an i... Read More
Perennial Real Estate Hldgs  0.645 +0.005 +0.78%   
Business: Co develops & owns properties in S'pore & China.

Insight: Aug-18, 1H18 revenue fell 13.1% to $33.1m mainly d... Read More
Sembcorp Marine  1.600 -0.010 -0.62%   
Business: Co is a leading global marine & offshore engineering group. [FY17 Turnover] rigs & floaters, repairs & upgrades, offshore platforms (96.4%), others activities (3.6%).

Insight: Oct-18, 9M18 revenue surged 87.2% to $4b attribute... Read More
Starhill Global REIT  0.695 +0.015 +2.21%   
Business: Invests primarily in real estate used for retail and office purposes. [FY18 Turnover] Wisma Atria (31.5%), Ngee Ann City (30.6%), Australia ppties (22.2%), M'sia ppties (13.4%), China/Japan ppties (2.3%).

Insight: Jul-18, FY18 gross revenue fell 3.5% to $208.8m ma... Read More


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