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Stock Headliners You Need To Know
Headliners | 22 October 2015
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By: Xiu Kai Sua
Articles (10) Profile

CapitaLand Mall Trust has disposed Rivervale Mall to a private equity fund managed by AEW for $190.5m. Rivervale Mall is a suburban mall with 3 retail levels and is part of a mixed development with 490 residential units known as Rivervale Crest. It has a total lettable area of 81,159 sqf and a leasehold tenure of 99 years from 6 December 1997. Net proceeds from the sale would be approximately $188m and will provide the group greater financial flexibility to repay debts, finance capital expenditure and asset enhancement works.

EMAS Offshore’s FY15 net profit soared 626% to US$199.5m despite experiencing a 13.3% decrease in revenue brought by weakness in both shallow water platform support vessels and anchor handling, towing and supply vessels segment. Profitability came from sale of vessels and leaseback transactions, adjustments to negative goodwill and exchange rate gains from strengthening USD. At the same time, the group announced securing extensions of existing contracts and new contracts worth US$33m for charters with an oil major and independent oil company in West Africa and Asia.

Olam International has completed the acquisition of ADM’s worldwide cocoa business, announced on 16 December 2014, for US$1,204m. The acquisition satisfies increasing customer demand for full integration within the cocoa supply chain by creating a new entity, Olam Cocoa, that offers breadth, depth and scalability – from origin sourcing, trading, risk management, value chain processing and supply chain solutions, to sustainability, research and development, and product innovation.

Oxley Holdings’ 1Q16 net profits rocketed 245.6% to $35.1m backed by a surge of 260% in revenue to $433.9m. The surge in revenue was due to contributions from the group’s industrial development, Eco-tech@Sunview, and from sold units in 7 mixed-residential projects. Despite cost of sales and operating expenses increasing 314.3% and 29.6% respectively, the surge in revenue was able to offset it and strengthen the group’s net profitability.

Singapore Technologies Engineering’s electronics arm, Singapore Technologies Electronics, has secured about $370m worth of contracts in 3Q15. $52m of Rail Electronics & Intelligent Transportation local and overseas contracts were clinched in Brazil, China, the Middle East, Taiwan, Thailand and USA. $74m worth of contracts were secured in the Satellite & Broadband Communications sector from government, telecom and enterprise users, as well as $244m worth of Advanced Electronics & ICT contracts clinched from both public and private sectors.

Technics Oil and Gas’s wholly-owned subsidiary PT Technics Offshore Jaya has entered into a Joint Operation Agreement with PT Elnusa Fabrikasi Konstruksi, Indonesia’s only national company with capabilities in oil & gas services, to enhance Indonesia’s production efficiency. Under the agreement, the group will provide the technology and technical support to Elunsa’s oil and gas projects throughout Indonesia to address the increasing appetite in the oil and gas sector.

Tiger Airway Holdings announced the expansion of cooperation with Scoot launching daily services to Guangzhou, China starting 16 January 2016. Scoot will operate a larger Boeing 787 Dreamliner service to replace a daily flight operated by the group currently to better match capacity to demand. Both airlines are finalizing similar arrangement for another route, ensuring win-win for both sides; the group can thus better deploy resources for expansion to new destinations.

United Engineers and its wholly-owned subsidiary, UE Support Services, have disposed their stakes of 98% and 1.2% respectively in PT United Engineers Indonesia (PTUEI) for IDR70b (approximately $7.2m). PTUEI is a company incorporated in Indonesia engaged in the fabrication of steel structures for mining, oil & gas and construction sectors with a net tangible asset value of negative $0.3m as at 30 September 2015. A gain of approximately $13.2m is to be expected after taking transaction cost and realisation of foreign exchange reserves into consideration.

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.

CapitaLand Mall Trust  2.650 +0.02 +0.76%   
Business: Co owns and invests in quality income-producing assets which are used, or predominantly used, for retail purposes primarily in Singapore.

Insight: Apr-19, 1Q19 gross revenue and NPI rose 10% and 11... Read More
EMAS Offshore  -- -- --   
Business: Established offshore oil & gas services provider. [FY16 Turnover] Offshore marine (99.9%), offshore production (0.01%).

Insight: Mar-18, FY17 revenue fell 19% as Co continued to b... Read More
Olam Int'l  1.930 -0.030 -1.53%   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY18 Turnover] Food staples & packaged foods (47.6%), confectionery & beverage ingredients (23.4%), industrial raw materials, infrastructure & logistics (14.9%), edible nuts & spices (14.1%).

Insight: May-19, 1Q19 revenue rose 16.7% due to increased t... Read More
Oxley Hldgs  0.310 -- --   
Business: Co is a ppty developer specialising in residential cum commercial devts.

Insight: May-19, 9M19 revenue slid 38.7% due to lower reven... Read More
Singapore Technologies Engineering  4.100 -0.01 -0.24%   
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
Technics Oil & Gas  -- -- --   
Business: Co is a full service integrator of compression systems & process modules serving mainly the O&G sector. [FY14 Turnover] Contract engrg (46.4%), procurement svcs (33%), engrg, procurement, construction & commissioning (20.6%).

Insight: Nov-15, FY15, Co rebounded strongly back to the bl... Read More
United Engineers  2.590 -0.01 -0.38%   
Business: [FY17 Turnover] Engineering & distribution (25%), property development (27.1%), property rental & services (24.3%), manufacturing (15.8%), corporate services & others (7.8%).

Insight: May-18, 1Q18 revenue fell marginally by 0.8% to $1... Read More

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