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Stock Headliners You Need To Know
Headliners | 09 September 2015
Related stocks:
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By: Xiu Kai Sua
Articles (10) Profile

Ascott Residence Trust announced the divestment of 6 properties under ARC-CapitaLand Three Tokutei Mokuteki Kaisha’s portfolio for JPY4.5b, consisting 2 properties each from Kyoto, Saga and Sendai. The sale matches the group’s active asset management strategy to unlock the underlying value of the properties which offers limited growth and re-deploy proceeds in other higher yielding assets. The properties are also more than 10 years old and are located in regional cities of Japan with limited potential upside.

Choo Chiang Holdings 1H15 net profit slumped 43.3% to $2.2m, with revenue dropping 9.9% due to a fall in selling prices for electrical products and accessories as part of the group’s strategy to maintain price competitiveness in the industry. Despite a decrease in distribution costs, finance costs and other operating expenses, a 13% increase in administrative expenses brought operating expenses up to $5.3m, weighing down on profitability of the group.

Keppel REIT has acquired 3 remaining prime retail street-fronting units at 8 Exhibition Street in Melbourne for A$8.6m from Cerboros, from the current 50% development stake and 2 retail units. The additional retail units will provide the group strategic control over the 35-storey freehold office building and all 5 retail units. The 5,500 sqf retail units are currently 100% leased to 2 popular and established F&B outlets for 10 years with options for another 30 years. Office tenants include MNCs such as Ernst & Young, UBS and the National Australia Bank.

Otto Marine’s wholly-owned subsidiary, Go Offshore, has entered into 2 long term charter contracts with a large oil and gas company, worth US$25.2m. The 2 contracts are in respect of 2 16,000 bhp large anchor handling tugs supply vessels. The transaction is expected to have a positive impact on the consolidated net tangible assets per share or earnings per share of the group for FY15.

Raffles Medical Group announced the opening of a medical centre at Osaka, named Raffles Medical Osaka, a 5,400 sqf facility located in the prime central business district at the downtown Osaka/Umeda station. It offers family medicine, travel medicine, dermatology and aesthetics, traditional Chinese medicine, and health screening services, marking the group’s first entry into Japan.

Ramba Energy announced entering into a memorandum of understanding with a strategic investor to farm-out 25% working interest in the Lemang production sharing contract from the group’s 80.4%-owned Indonesian subsidiary, PT Hexindo Gemilang Jaya. The aggregate consideration of up to US$128.3m consists of an upfront cash payment of US$18.8m, payable on completion of the transaction, with the remaining cash payments payable upon achieving certain agreed milestones.

TEE Land’s associate, Chewathai, has entered into an agreement to acquire the freehold interest in a plot of land approximately 25,000 sqm, located at Patumthani Province, Greater Bangkok, Thailand. The land is to be acquired for THB92.6m and the group plans to develop it into a landed housing project. The acquisition matches the group’s strategy to build a portfolio of development properties as part of its previously announced listing plan on the Stock Exchange of Thailand’s Market for Alternative Investment.

YuuZoo Corporation has partnered with Circle of Champions (CoC) to distribute and market CoC’s popular and high-revenue generating mobile games Powershot Challenge and Striker Challenge which were developed for the world’s top football clubs. The group plans to build online “virtual clubhouses” for the clubs, which will facilitate downloading the games and enable fans to purchase fan merchandise, interact with other fans and club representatives, as well as engage in online gaming. Revenues from all activities will be shared between the group and CoC.

Armed with a Bachelor in Economics and Finance, Xiu Kai keeps a watchful eye on the markets and conducts due diligence on selected stocks through a tested and proven value investing model.

Please click here for more information about this author.

Ascott Residence Trust  1.090 -- --   
Business: REIT invests in income-producing real estate assets which are used or predominantly used, as serviced residences, rental housing properties and other hospitality assets.

Insight: Jul-18, 1H18 revenue increased by 4% mainly due to... Read More
Choo Chiang Hldgs  -- -- --   
Business: Retails and distributes an extensive range of electrical products and accessories in Singapore.

Insight: Aug-18, 1H18 revenue increased by 3.6% mainly due ... Read More
Keppel REIT  1.190 +0.030 +2.59%   
Business: Real Estate Invs Trust. Invs in a portfolio of quality real estate and real estate related assets.

Insight: Oct-18, 9M18 property income rose 6.6% mainly due ... Read More
Ramba Energy  -- -- --   
Business: Co is engaged in oil & gas exploration & production in Indonesia as well as in the logistics business. [FY17 Turnover] Logistics (92.2%), rental (2%), oil & gas (5.8%).

Insight: Aug-18, 1H18 revenue declined 12.4% to $26m mainly... Read More
TEE Land  0.169 +0.004 +2.42%   
Business: Co is a real estate developer pre-dominantly focused on the Singapore market. [FY18 Turnover] Property development (91.4%), hotel operations (6.4%), investment properties (2.2%).

Insight: Oct-18, 1Q19 revenue jumped 31.7% to $34.2m due to... Read More
YuuZoo Networks Group Corp  -- -- --   
Business: Co engages in social networking, e-commerce, payments, and gaming businesses. [FY17 Turnover] E-commerce (6.2%), network & franchise sales (75.1%), others (18.7%).

Insight: Oct-18, 1H18 revenue jumped 74.8% to $10.8m attrib... Read More


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