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Stocks In Focus SG (Datapulse Tech, KTL Global, Viva Ind Tr) – 05/06/15
Daily Bulletin | 05 June 2015
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Datapulse Technology reported a net profit of $1.9 million for 9M15, representing a 161.8 percent jump from $0.7 million in 9M14. Revenue fell 11.9 percent to $21.1 million due to weaker demand for DVD media storage products and services, which was partially offset by higher sales of Blu-Ray media storage products and services. Total operating expenses decreased 15.8 percent to $19.9 million due to lower revenue and improved effectiveness and efficiency in operations. Co’s performance was further lifted by an income tax credit of $0.4 million.

KTL Global has entered into a stock purchase agreement in relation to the proposed acquisition of a 20 percent interest in the equity capital of Dae Kwang Co. The total consideration is US$5 million, of which US$3.7 million will be paid in cash and the balance through the issuance of 9.5 million new shares with an aggregate value of US$1.3 million. Dae Kwang is engaged in the manufacturing and supply of lifting and rigging hardware and machinery. The proposed acquisition is part of the group’s plans to gain a major foothold in Korea and expand its business into the North Asian region.

Viva Industrial Trust has launched a private placement exercise to raise gross proceeds of approximately $40 million, through the issuance of 51 million new stapled securities at the issue price of $0.785 per stapled security. The offer size may be increased to bring the total gross proceeds up to $65 million if the private placement is oversubscribed. The proceeds will be used to fund the asset enhancement initiative at Technopark@Chai Chee, which will convert 214,951 square feet of carpark space and unutilised areas into “white” use to serve existing tenants as well as residents living in the area. The project is expected to yield additional net property income of $9.8 million per annum after completion.

KTL Global  -- -- --   
Business: Co is a supplier of rigging equipment and related services.

Insight: Feb-19, FY18, revenue for the 18 months ended 31 D... Read More

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