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Stock Headliners You Need To Know
Headliners | 05 November 2015
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By: Xiu Kai Sua
Articles (10) Profile

Biosensors International Group has announced that a private-equity arm of CITIC Group Corporation, CITIC Private Equity Funds Management, who currently owns 19.6% of the group, will be purchasing the remaining stocks of the group for $1.1b. The offer price of $0.84 per share represents a premium of 23.5% over the group’s last closing price of $0.68 on 23 October 2015.

CapitaLand’s wholly-owned serviced residence business unit, The Ascott, has inked four new management contracts for 583 serviced residence units in China. Two of which are located in Shanghai and one each in Beijing and Dalian, further reinforcing Ascott’s position as the largest international serviced residence owner-operator in China with over 14,300 units in 80 properties across 24 cities. Ascott’s serviced residences are also available for booking on Tujia.com, which Ascott invested in August, expanding the reach to more customers online.

Far East Hospitality Trust 3Q15 Distribution Per Stapled Security (DPSS) dropped 9.1% to 1.2 cents due to a decrease in income available for distribution on the back of lower revenue. 9M15 gross revenue dropped 6.2% to $85.8m caused by reduced revenue from hotels and serviced residences. Weak economic climate and competitive pressure from new hotels were the main reasons for the reduction in revenue. However, the group remains positive on government efforts to strengthen Singapore as a chosen travel destination.

Oxley Holdings’ second development project in Phnom Penh, Cambodia, The Peak, has achieved sales of more than 50% of phase 1 of the development, compromising 507 residential units in Tower 1. The Peak was first launched at a preview event in Phnom Penh on September 18, 2015 and subsequently launched in Singapore on October 17, 2015. Construction of The Peak is expected to commence in early 2016 and expected to be completed in 2020.

PACC Offshore Services Holdings reported a slump of 70.4% in 9M15 net profits to US$18.7m despite receiving higher revenue of US$209m brought by higher contribution from the offshore accommodation segment. However, gross profits were down 20% due to lower charter rates and lower fleet utilisation for the offshore supply vessels and transportation & installation segment and higher vessel operating and repair costs. Coupled with an absence of gain of US$46.5m received in 9M14, bottom line was weighed down significantly.

SIA Engineering 1H16 net profit fell 10.6% to $85.8m amidst lower revenue received, which dropped 6.2% to $543.3m from lower airframe and overhaul revenue, partially offset by higher line maintenance revenue. Cost savings measures reduced expenditure down 8.7% to result in an increase in operating profits. However, a decrease of 28.5% in shares of profits from associated and joint venture companies ultimately offset operating profits and weighed down on net profitability.

Singapore Post announced a 26.9% increase in 1H16 net profits to $100m, mainly due to a 20.1% expansion in revenue with continued growth in logistics and retail & ecommerce segments and inclusion of subsidiaries. Divestment of Novation Solutions and DataPost negatively impacted mail revenue but the one-off gains contributed $33.3m to operating profits and coupled with an 89.6% rise in share of profit of associated companies and joint ventures, net profitability was boosted significantly.

Yangzijiang Shipbuilding (Holdings) reported a slump of 15% in 9M15 net profits to Rmb2.4b despite an 11.4% leap in revenue brought by higher number of vessels delivered and higher contributions from shipping logistics & chartering and ship design services. However the increment in revenue was offset by income tax expenses, which increased more than twofold to Rmb792m, resulting in the erosion of profitability. The group has also secured US$730m worth of contracts between September and October 2015, to be delivered in 2017 and 2018.

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  -- -- --   
Business: Involved in real estate, hospitality & real estate financial svcs. [FY16 Geographical] China (48.9%), S'pore (34.6%), Other Asia (12.1%), Europe & others (4.4%).

Insight: Aug-17, 1H17 revenue slipped 6.7% due to lower rev... Read More
Far East Hospitality Trust  -- -- --   
Business: Invests in a diversified portfolio of income-producing hospitality-related real estate in Singapore. [FY16 Turnover] Hotels & services residences (78.8%), retails & offices (21.2%).

Insight: Aug-17, 1H17 revenue fell 5.4% due to the absence ... Read More
Oxley Hldgs  -- -- --   
Business: Co is a ppty developer specialising in residential cum commercial devts.

Insight: Aug-17, FY17 revenue grew 36.9% while cost of sale... Read More
PACC Offshore Services Hldgs  -- -- --   
Business: Operator of offshore support vessels (OSV), with a diversified fleet servicing offshore O&G activities. [FY16 Turnover] OSV (40.6%), offshore accommodation (39.3%), harbour svcs & emergency response(11.4%), tptn & installation (8.7%).

Insight: Aug-17, 1H17 revenue slid 26.8% due to lower chart... Read More
SIA Engineering Co  -- -- --   
Business: A leading aircraft maintenance, repair and overhaul (MRO) company providing total maintenance solutions to a client base of international airlines. [FY17 Turnover] Repair & overhaul (53.5%), line maintenance (46.5%).

Insight: Jul-17, 1Q18 revenue was comparable at $272.8m or ... Read More
Singapore Post  -- -- --   
Business: [FY17 Turnover] Logistics (44%), postal (37.6%), eCommerce (18.4%).

Insight: Aug-17, 1Q18 revenue rose 6.2%, contributed by hig... Read More
Yangzijiang Shipbuilding (Hldgs)  -- -- --   
Business: Co is one of the largest non-state owned shipbuilder in China. [FY16 Turnover] Shipbuilding (69.7%), trading (21.5%), investments (7.1%), others (1.7%).

Insight: Aug-17, 1H17 revenue jumped 48.6% to Rmb8.5b altho... Read More


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