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Stocks In Focus SG (Jason Marine, Stamford Land, Valuetronics) – 26/05/15
Daily Bulletin | 26 May 2015
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By:

Jason Marine Group reported a 39.8 percent increase in FY15 net profit to $3.9 million, mainly attributed to an increase in project deliveries during the year. Revenue increased 12.4 percent to $56.4 million, while cost of sales increased 14 percent, resulting in a marginal one percentage point decline in gross profit margin to 26.1 percent. Other income increased 247.3 percent due to an increase in net exchange gain. Going forward, the group will focus on strengthening its existing business and look for opportunities to increase business activities by creating value for customers and leveraging on technology.

Stamford Land Corporation announced a 10.2 percent growth in FY15 revenue to $307 million, underpinned by a significantly higher contribution from the property development segment mainly due to the sale of Dulwich Hill site. As a result, net profit increased 9.7 percent to $29.7 million. Going forward, the group expects the total hotel segment’s revenue to decline due to the closure of Stamford Grand North Ryde. The impact is expected to be cushioned by an increase in room rates as room refurbishment program progressively completes.

Valuetronics Holdings reported a marginal 0.2 percent decline in FY15 revenue to HK$2,429.3 million, largely attributed to the slowdown in demand for the LED lighting business. Gross profit increased 1.4 percent to HK$331.4 million due to a marginal increase in gross profit margin. Despite a decline in revenue, net profit edged up 0.9 percent to HK$149.2 million. The group will continue its efforts to manage cost, increase productivity and efficiency improvement in the coming year.

Jason Marine Group  -- -- --   
Business: Marine electronics systems integrator & support services provider. [FY18 Turnover] Sales of goods (72.2%), rendering of svcs (19.8%), airtime revenue (8%).

Insight: May-18, FY18 revenue slid 4.6% mainly due to lower... Read More
Stamford Land Corp  0.490 -- --   
Business: Owner and operator of luxury hotels and developer of top-tier, landmark residential and commercial ppties. [FY18 Turnover] Ppty devt & invs (59%), hotel owning & mgt (40.5%), trdg & others (0.5%).

Insight: Jul-18, 1Q19 revenue jumped 78.1% to $124.5m mainl... Read More
Valuetronics Hldgs  0.690 +0.005 +0.73%   
Business: Provides integrated electronics manufacturing services. [FY18 Turnover] Industrial & commercial electronics (51%), consumer electronics (49%).

Insight: Aug-18, 1Q19 revenue edged up 1.2% to HK$704m attr... Read More


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