Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,210.99 -0.50 -0.02%
Hang Seng 27,079.16 -273.53 -1.00%
Dow Jones 27,219.52 +37.12 +0.14%
Shanghai Composite 3,034.41 +3.17 +0.10%
Stock Headliners You Need To Know
Headliners | 02 July 2015
Related stocks:
A75
5NK
D03
S59
S63
By: Joey Ho
Articles (30) Profile

Ace Achieve Infocomm’s revenue for FY15 slipped 1.1% to Rmb235.3m, from Rmb237.8m in FY14. The decline was attributable to lower income from ICT system integration and business support solutions businesses. Gross profit margin fell 6.2 percentage points due to keen competition in the ICT system integration segment, resulting in a 20.2% fall in gross profit. Slightly cushioned by an overall decrease in operating expenses, net profit fell 37.7% to Rmb13m, from Rmb20.9m in FY14. Going forward, the group will adjust according to the macro economic trends in China and grapple with the transformation of 4G network operating environment, to further align its business structure and foster new business growth.

Artivision Technologies’ wholly-owned subsidiary, Artimedia Technologies, has secured 5 contracts in Israel. The most notable contract was signed with Israel’s government advertising agency, Lapam, for the management of programmatic video campaigns through its automated video buying platform, Advision. Lapam is tasked with marketing processes including public and social campaigns with an estimated yearly digital advertising budget of 80m Israeli Shekel (approximately US$21.1m). The other 4 contracts which are expected to aggregate to not less than 6.5m Israeli Shekel are with advertising agencies for the access to Advision.

Del Monte Pacific reported a net loss of US$38m for FY15 despite a 190.5% growth in revenue to US$2.2 billion. The surge in revenue was due to the consolidation of Del Monte Foods, Inc, since its acquisition in February last year. The group incurred significant expenses due to the acquisition and non-recurring expenses such as inventory step-up of US$24.6m and bridge loans’ interest expense of US$25.3m. Excluding acquisition-related and other non-recurring expenses, the group would have recorded a net income of US$24.5m for the year. The group’s cash flow from operations for the year was US$232.2m, more than doubled from US$105.4m last year.

Mapletree Logistics Trust has acquired a freehold cold store warehouse located at Eastern Creek, New South Wales, Australia for AUD253m. The property which comprises 2 blocks of single-storey cold store warehousing facilities with a total gross floor area (gfa) of 55,395 square metres (sqm), is sited on 165,200 sqm of land, of which 15,000 sqm of reserve land can potentially yield an additional gfa of 7,000 sqm for future expansion. The property was built for Coles Group, Australia’s second largest supermarket chain, and has an agreed 20-year lease until June 2034 in place with Coles.

Otto Marine has secured new orders worth US$131m in the second quarter of FY15. The substantial increase in new chartering contracts was attributable to the group’s strategy to improve the utilisation rate of its fleet, in view of the potential cost that idle vessels will incur. Utilisation rate for the group’s chartering business has improved for 2Q15 against the last few quarters.

SIA Engineering Company (SIAEC) has renewed its service agreement, worth $197m, with SilkAir. The new 5-year agreement, which includes a 1-year extension option, covers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management services for SilkAir’s fleet of A319/A320 aircraft. This new agreement reaffirms the strong synergy and excellent relationship with SilkAir. SilkAir added that the level of services provided by SIAEC has been up to expectations and the renewal of this agreement endorses the good service and support rendered over the past few years.

Singapore Technologies Engineering’s (ST Engineering) aerospace arm, Singapore Technologies Aerospace (ST Aerospace), has signed a contract with India’s second largest airline, Jet Airways. Under the agreement, ST Aerospace will provide an integrated suite of engine maintenance, repair and overhaul services, for Jet Airways’ fleet of Boeing 737 aircraft. The agreement is for 6 years and worth approximately US$350m (approximately $472m), extending an existing 10-year engine maintenance agreement signed in 2010.

Equipped with a bachelor in banking and finance, Joey covers the finance, technology and healthcare industry in Singapore.

Please click here for more information about this author.

Ace Achieve Infocomm  -- -- --   
Business: Co operates as a telecom network infrastructure, and information and communication technologies (ICT) solution provider. [FY18 Turnover] ICT system integration (62.2%), business support solutions (33.2%), maintenance & servicing (4.6%).

Insight: Dec-18, FY18 revenue plunged 33.2% to Rmb184.8m du... Read More
Artivision Technologies  -- -- --   
Business: Co provides contract manufacturing of disk drive technology.

Insight: Aug-18, 1Q19, Co does not have any business follow... Read More
Del Monte Pacific  -- -- --   
Business: Co produces processed & non-processed fruit & food pdts, beverages & food ingredients.

Insight: Mar-19, 9M19 turnover fell 10.4% to US$1.5b largel... Read More
Mapletree Logistics Trust  1.570 -0.020 -1.26%   
Business: Real Estate Invs Trust. Invs in logistics ppties. [FY19 Geographical] S'pore (36.2%), HK (24.7%), Japan (13.4%), Australia (8.1%), S.Korea (6.3%), China (5.8%), Malaysia (3.8%), Vietnam (1.7%).

Insight: Apr-19, FY19 revenue rose 15% due to higher revenu... Read More
SIA Engineering Co  2.550 -0.01 -0.39%   
Business: A leading aircraft maintenance, repair and overhaul (MRO) company providing total maintenance solutions to a client base of international airlines. [FY18 Turnover] Airframe and Line Maintenance (97.5%), Engine and Component (2.5%).

Insight: May-19, FY19 revenue was 6.8% lower at $1b largely... Read More
Singapore Technologies Engineering  3.960 +0.04 +1.02%   
Business: An integrated engineering group providing solutions & services across many sectors. [FY18 Turnover] Aerospace (39.5%), electronics (32%), land systems (19.1%), marine (8.6%), others (0.8%).

Insight: May-19, 1Q19 revenue rose 5.1% to $1.7b attributed... 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.