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Stocks In Focus SG (CapitaLand, Sembcorp Ind, SingPost) – 21/05/15
Daily Bulletin | 21 May 2015
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CapitaLand has adopted an advanced energy-efficient cooling system for Raffles City Chongqing to reap $30 million in utility cost avoidance over 20 years. The group awarded a 20-year contract to Singapore Power to provide its advanced cooling system to the iconic integrated development. Located at the gateway to Chongqing, the development is CapitaLand’s largest integrated development in China and the largest single investment by any Singapore firm in the country.

Communication Design International has entered into a conditional sale and purchase agreement for the disposal of its wholly-owned subsidiary, CDI Holding and its subsidiaries and CDI Europe GmbH, for a consideration of $3.4 million in cash. The disposal is part of the group’s decision to focus its resources into the business of property development and property investment, which the company believes has good growth potential.

Informatics Education reported revenue of $15.9 million for FY15, representing a 33 percent decline from $23.8 million last year, mainly due to fewer students enrolment in Singapore and United Kingdom operations. The United Kingdom business was affected by the Ebola outbreak in Africa during the financial year. As a result, Informatics Education registered a net loss of $4.9 million, compared to a net profit of $0.2 million in FY14. Going forward, the company will continue to improve the student learning experience as well as to evaluate and redesign, if necessary, its product offerings to meet the markets needs.

Sembcorp Industries has issued $600 million in aggregate principal amount of 4.75 percent per annum, payable semi-annually, subordinated perpetual securities under its $2 billion multicurrency debt issuance programme. The perpetual securities are redeemable at the option of Sembcorp on 20 May 2020 or on any distribution payment date thereafter. The net proceeds raised will be used to refinance existing indebtedness or operations and finance generally working capital requirements and investment projects of the group.

Singapore Post has announced that its wholly-owned subsidiary, DataPost, has completed the disposal of Novation Solutions and DataPost (HK). The aggregate consideration for the disposal is $24.4 million and is subject to post-completion adjustments. Based on the latest audited consolidated statements of the company, the combined net tangible asset value of Novation Solutions and DataPost (HK) is approximately $19.2 million.

Singapore Shipping Corporation has reported a marginal 2 percent increase in FY15 revenue to US$35.1 million attributable to the ship owning segment. The segment also reported higher net profit due to acquisitions and charters received from 3 additional vessels in the second half of FY15. Overall, the new charters contributed largely to an 8.8 percent increase in net profit to US$9.3 million. Going forward, the delivery of 3 vessels and their long-term charters to a reputable shipping major has provided the group with a secure base of recurring income, and in doing so, provided a growth trajectory for the next decade.

Singapore Windsor Holdings’ wholly-owned subsidiary, SMI Auto Services, has been appointed the sole country franchisee in Myanmar by Europcar. The exclusive franchise agreement is for a period of five years, renewable for a further five years upon mutual agreement between both parties. The business franchise, which combines Europcar’s global network and international car rental management experience with Singapore Windor’s growing operational expertise and support services in Myanmar, is expected to scale up quickly and tap the latent market potential in Myanmar.

TPV Technology has reported a 5.7 percent decline in 1Q15 revenue to US$2.4 billion. The decline was attributed to adversity in the currency market and weak demand for television sets in its core markets. Gross profit margin fell 1.5 percentage points to 7.4 percent as the firm faced margin compression during the phasing out and in of old and new models. Consequently, TPV stayed in the red with a net loss of $51.3 million, compared to a net loss of $50.4 million in 1Q14. To mitigate cost pressure, from the second quarter of 2015 onwards, TPV will increase its launch prices for new products by 15 to 17 percent in many markets where depreciating currencies are undercutting profit margins.

CapitaLand  3.580 -- --   
Business: Co develops, owns, and manages real estate properties. [FY18 Geographical] China (41.2%), S'pore (38.5%), Europe & others (18.6%), Vietnam & Others (1.7%).

Insight: Apr-19, 1Q19 revenue fell 23.8% while net profit d... Read More
Imperium Crown  0.017 +0.001 +6.25%   
Business: Co engages in the activities of property development and investment in Japan and Singapore.

Insight: Feb-19, 1H19 revenue slid 91.6% following the dive... Read More
Sembcorp Industries  2.080 -0.02 -0.95%   
Business: Primarily engaged in the production and supply of utilities services. [FY18 Turnover] Utilities (55.9%), marine (41.8%), others/corp (2.2%), urban development (0.1%).

Insight: May-19, 1Q19 revenue fell 10.1% to $2.5b due to lo... Read More
Singapore Post  0.940 -0.005 -0.53%   
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
Singapore Shipping Corp  0.290 -- --   
Business: A spin-off from Stamford Land Corp that engages in ship owning and management, shipping agency and terminal operations as well as logistics services. [FY18 Turnover] Ship owning (69.9%), Agency and Logistics (30.1%).

Insight: Feb-19, 9M19 revenue edged up 3.3% to US$36m due t... Read More
Singapore Myanmar Investco  -- -- --   
Business: Co is an investment and management company focused on Myanmar. [FY18 Turnover] Travel and fashion retail (61.2%), construction services (21.6%), auto services (9.9%), F&B (4.2%), discontinued and others (3.1%).

Insight: Feb-19, 9M19 revenue fell 3.4% to US$17.6m mainly ... Read More
TPV Technology  0.655 +0.005 +0.77%   
Business: Co designs, manufactures, and distributes computer monitors, flat TV products, and other display products. [FY18 Turnover] Monitors (55.5%), TVs (39.9%), others (4.6%).

Insight: May-19, 1Q19 revenue fell 8.6% to US$2b due to low... Read More

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