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Stock Headliners You Need To Know
Headliners | 23 September 2015
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By: Xiu Kai Sua
Articles (10) Profile

Ascendas REIT aims to acquire an Australian portfolio of 26 prime institutional grade logistics properties, all sited on freehold land and located in core sub-markets with major transport accessibility infrastructure, with a gross leasable area of approximately 630,946 sqm, for AUD1,013m. In the first year, it is expected to generate a net property income yield of approximately 6% after considering transaction costs. The target portfolio is seen as complementary to the Singapore market and strengthens the group’s portfolio with high-quality properties on freehold land.

Debao Property Development, through its wholly-owned subsidiaries, has acquired a 45% stake in Sihui Debao Jiangnan Mingju Property (Sihui Debao) for Rmb127.4m, and disposed a 50% stake in Foshan Degangjian Investment for Rmb233.8 million. Sihui Debao owns the Sihui Project comprising the Sihui City Mall and residential properties which will provide the group with a sustainable future leasing income.

Frasers Centrepoint’s wholly-subsidiary, Frasers Property Australia, together with Singapore’s sovereign wealth fund, GIC, have divested their jointly owned Australian industrial assets to Ascendas REIT (A-REIT). The assets comprise 14 properties developed and managed by the group’s subsidiaries. GIC is concurrently selling other wholly-owned Australian industrial assets to subsidiaries of A-REIT. The group’s share of the proceeds from its 19.9% interest in the assets is approximately AUD112 million.

Lizhong Wheel Group has received a voluntary conditional cash offer from Berkley International’s for its entire shareholding at $0.50 per share. As of 21 September 2015, Berkley has acquired 93.2 percent of total number of issued shares of the group, and the offer is now unconditional. Berkley intents to delist the group in view of more management flexibility, and optimisation of capital resources to facilitate any operation change. Berkley currently has no intention to make major changes to existing business or any redeployment of fixed assets, and will also retain all existing employees.

NauticAWT’s indirect subsidiary, AWT International, has entered into agreement to establish a 49:51 special purpose vehicle with Enra Group, in connection with a collaboration to undertake well, platform and field abandonment and decommissioning projects in Malaysia. AWT will contribute its operational and technical experience in the projects while Enra will provide its resources, qualifications, business network anda ccess to information to the projects.

Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Environment, has divested its 40% stake in SembSita Pacific to 60% joint venture partner, Suez Environment Asia for AUD485m. A net gain of approximately $350 million is expected for the group for FY15. The divestment adheres with the group’s focus on the energy and water sectors and the proceeds will provide additional resources to invest in businesses and markets with high growth potential.

SHS Holdings has disposed its entire shareholding interest of TAT Petroleum and Axxmo International, both wholly-owned subsidiaries, as well as its 1% stake of PT TAT Petroleum Indonesia, for a total of $100.3m. The disposal is in line with the group’s strategic review and objective of streamlining activities and businesses across the group. The disposal unlocks value for the shareholders and increases the overall financial capacity and flexibility of the group to strengthen and grow its other strategic business units.

Tiger Airways Holdings’ (Tigerair) strategic alliance agreement with Cebu Pacific has received approval from the Competition Commission of Singapore. The approval enables deeper cooperation for Singapore and Philippines markets on top of existing interline cooperation. Cebu Pacific’s customers will be able to tap on Tigerair’s established network in SEA and India, while Tigerair’s customers will be able to select from Cebu Pacific’s extensive network in the Philippines and North Asia.

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.

Ascendas REIT  2.550 -- --   
Business: Co invests in the real estate markets of Singapore and Australia.

Insight: Jul-18, 1Q19 net property income (NPI) rose 3.8% m... Read More
Frasers Property  1.620 -0.020 -1.22%   
Business: Co is an integrated real estate player. [FY16 Turnover] Properties Strategic Business Units (SBU) (86.4%), International Business (13.6%).

Insight: Aug-18, 9M18 revenue decreased by 4.3% while net p... Read More
NauticAWT  -- -- --   
Business: Provider of engineered solutions for the oil & gas industry. [FY16 Turnover] Subsea (63.1%), subsurface & wells (23.1%), facilities (11.5%), renewables (2.2%).

Insight: Feb-17, FY16, Co returned to black despite a 9.8% ... Read More
Sembcorp Industries  2.660 +0.02 +0.76%   
Business: Primarily engaged in the production and supply of utilities services. [FY17 Turnover] Utilities (67.9%), marine (28.6%), others/corp (3.4%), urban development (0.1%).

Insight: Nov-18, 9M18 revenue jumped 37.8% to $9.1b as cont... Read More
SHS Hldgs  -- -- --   
Business: Co provides grit blasting, tank cleaning, painting, ship repair, ship building, & scaffolding services. [FY17 Turnover] Structural steel & facade (68.3%), corrosion prevention (26.4%), solar energy (2.8%), others (2.5%).

Insight: May-18, 1Q18 revenue jumped 123.3% to $13.4m drive... Read More


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