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Stock Headliners You Need To Know
Headliners | 08 October 2015
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By: Xiu Kai Sua
Articles (10) Profile

BBR Holdings’ wholly-owned subsidiary, Singapore Piling & Civil Engineering, has been awarded the design and build contract worth $116m for the construction of the Wisteria Mall and The Wisteria. Construction works for the 170,000 square feet mixed-use development is expected to commence in 4Q15 and will take approximately 32 months to complete. The group has an effective equity interest of 25% in the developments via a joint venture with a consortium of partners.

Frasers Centrepoint’s wholly-owned subsidiary, Frasers Property Australia and joint venture partner Sekisui House Australia have been given the green light for DUO, an AUD520m two-tower, mixed used project in the Central Park development worth AUD2b. DUO’s estimated end value comprises of AUD350m in residential apartments, AUD120m 300-room hotel and AUD50m in retail commercial and child care uses. DUO is set to be launched into the market in late November with registrations of interest currently being taken.

Fuji Offset Plates Manufacturing’s wholly-owned subsidiary, Fujiplates Manufacturing, has purchased a 20% equity interest in AME Properties’ wholly-owned subsidiary, IPark Development for RM0.2m. The group and AME will concurrently loan IPark RM50m to fund part of IPark’s purchase and development of three parcels of land measuring 188.743 acres in Johor Bahru and Senai.

Global Logistic Properties (GLP) has leased a 270,000 square feet facility located at the San Francisco Bay Area to CEVA Logistics, an existing third-party logistics customer. The property provides easy access to transportation infrastructure including major freeways, bridges, three international airports and the Port of Oakland.

Miyoshi signed a memorandum of understanding (MOU) with China-based Core Power (Fujian) Electric Co., for an investment in a joint venture (JV) company, registered as Core Power (Fujian) New Energy Automobile, engaged in light electric vehicle business. Under the MOU, the group has the option to acquire up to 49% stake in the JV company, which was established in the PRC in 2013 and is a subsidiary of the Core Power Group.

NauticAWT has acquired the entirety of Marine Engineering Services (MESPL) from IMC Offshore Engineering for $850,000. The acquisition is believed to allow the group to expand its core business within the Subsea and Surface Facilities business segment as MESPL is synergistic and complementary to the group’s existing service offerings and can potentially improve the future financial performance of the group.

Pan Hong Holdings Group’s 75% owned Sino Habour Holdings Group has entered into a strategic cooperation with Zhejiang University of Technology Assets Operation and Irvine Pharmaceutical Services to set up a new company in PRC to enter into the pharmaceutical inspection industry. The new company will have an initial start-up capital of Rmb64m, of which Rmb33.3m and Rmb12.8m will be injected by the group and Uni Assets respectively.

Q&M Dental Group (Singapore)’s indirect subsidiary, Q&M Dental (Shenyang), has announced the acquisition of 60% stake in Shenyang Lan Hai Tong Mao Medical Equipment, a distribution company located in Shenyang City, Liaoning Province, China for Rmb7.6m, out of which Rmb1.8m shall be paid for 60% of the active stocks in Shenyang Lan Hai valued at Rmb3m. The acquisition is in line with the group’s plan to continue the expansion of its dental equipment and supplies distribution business and allows the group to add an operational distribution company in China.

Ramba Energy received a US$179.6m investment from Mandala Energy for 35% participating interest in the Lemang Production Sharing Contract from the group’s subsidiary PT Hexindo Gemilang Jaya. The investment consists of an upfront cash payment of US$26.3m; sliding-scale future contingent payments based on certification of oil and gas reserves; partial carry of Ramba’s share of 3 exploration wells; and a cash payment upon declaration of the first new exploration discovery.

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.

BBR Hldgs (S)  -- -- --   
Business: [FY17 Turnover] specialised engineering (58.8%), general construction (35.2%), property development (5.3%), green technology (0.7%).

Insight: Feb-19, FY18 revenue fell 39.7% owing to lower rev... Read More
Frasers Property  1.800 +0.020 +1.12%   
Business: Co operates as a real estate company. [FY18 Geographical] Australia (41.1%), Singapore (33.2%), Europe (14.1%), China (7.2%), others (4.4%).

Insight: Feb-19, 1Q19 revenue surged 44.7% and net profit j... Read More
Fuji Offset Plates Manufacturing  -- -- --   
Business: Mfr & sale of aluminium offset plates & related industrial chemicals for use in the printing industry.

Insight: Aug-18, 1H18 revenue increased by $0.3m due mainly... Read More
NauticAWT  -- -- --   
Business: Provider of engineered solutions for the oil & gas industry. [FY18 Turnover] Ports & offshore (60.6%), renewables (35.3%), energy & mining (4.1%).

Insight: Mar-19, FY18 revenue slid 15.5% due to decreased r... Read More
Miyoshi  0.046 -- --   
Business: Integrated metal-stamped precision parts specialist. [FY18 Turnover] Data storage (25.3%), consumer electronics (37.4%), automotive & others (37.3%).

Insight: Apr-19, 1H19 revenue rose 2.9% largely due to an i... Read More
Pan Hong Hldgs Group  -- -- --   
Business: Co is property developer of quality residential and commercial properties in China. [FY18 Turnover] Residential (92.3%), commercial & others (7.7%).

Insight: Feb-19, 9M19 revenue declined 96.8% to Rmb12.4m ma... Read More
Q&M Dental Group (S'pore)  0.520 +0.015 +2.97%   
Business: Co is a private dental healthcare provider in Asia. [FY17 Turnover] Dental clinics (91.3%), dental supplies manufacturing (8.7%)

Insight: Aug-18, 1H18 total revenue excluding Aoxin rose 5.... Read More
Eneco Energy  0.078 -0.002 -2.50%   
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

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