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Stock Headliners You Need To Know
Headliners | 19 November 2015
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By: Xiu Kai Sua
Articles (10) Profile

China Sky Chemical Fibre’s wholly-owned subsidiary, Qingdao Zhongda Chemical Fibre, has returned a piece of land where its manufacturing plant is located to the authorities. The group will receive a total compensation of approximately Rmb263.7m including subsidies for relocating its manufacturing operations to a new piece of land located at Hongshiya Road, Huangdao District, Qingdao City that was acquired in Nov 11.

ComfortDelGro Corporation’s 9M15 revenue inched up 1.5% to $3,048.5m, while net profit grew 6.3% to $233.7m, boosted by lower fuel, electricity, materials and consumables costs. 3Q15 turnover was up only 1%, due to partial erosion by a negative foreign currency translation effect, from a weaker Australian dollar and euro. Going forward, the company expects higher revenue from transport provision, but projects decreases in revenues from automotive engineering services, as well as the inspection and testing services segments.

Fragrance Group’s associated company, AF Global, has acquired an additional 28.9% stake in LCD Global Investments (LCD) for $74.2m, to a total of 83.5% stake upon completion. LCD has a presence in Asia and UK with a portfolio of businesses that include owning and/or managing high-end hotels and serviced residences, and providing real estate consultancy services.

Hyflux’s wholly-owned subsidiary, Hyflux Consumer Product, invested $50m to acquire a 50% stake in PT Oasis Waters International, an Indonesian firm that manufactures, sells, markets and distributes bottled drinking water with revenues of IDR700b ($73m), growing at 36% year by year. With an existing established distribution network and customer base, the acquisition will also provide an immediate distribution platform for the group’s consumer products.

Marco Polo Marine has terminated a US$214.3m contract for a jack-up rig under construction at Sembcorp Marine’s 85%-owned PPL Shipyard after the latter’s failure to comply with certain material contractual obligations, and will seek a refund of 10% of the contract price (US$21.4m). Sembcorp Marine has denied the allegations and will regard the termination as a repudiatory breach of contract and claims amounts due to the contract against Marco Polo Marine.

NauticAWT’s recently acquired subsidiary, Marine Engineering Services, has been awarded a $3.5m engineering contract for the design of living quarters, designed to accommodate 140 personnel and integrated with the utility deck for an offshore platform, from SMOE, a subsidiary of SembCorp Marine. The scope of work includes design of architectural, piping and plumbing, heating ventilation and air conditioning, as well as safety, structural, electrical, instrumentation and telecoms engineering.

Q&M Dental Group (Singapore) reported an 83.9% leap in its 9M15 net profit, on the back of a 32.1% rise in revenue. The top line gain was attributable to higher turnover in the dental and medical clinics segment from an expanded network and increased contributions from existing outlets, as well as a jump in sales from the dental supplies manufacturing, pursuant to the acquisition of Aidite in Aug 14.

Rex International’s indirect wholly-owned subsidiary, Rex Oman, has injected a total capital of US$8.2m into Masirah Oil (MOL) at US$1,426 per share. The group considers it beneficial as it allows MOL to pursue its drilling activities and continue its operations in Oman, identified as the group’s main focus going forward. MOL is a 64%-owned subsidiary of Lime Petroleum (the group has a 65% indirect stake). Thus, the injection of capital will increase the group’s effective interest from 41.6% to 61.8%.

Triyards Holdings has secured a US$12.8m contract for four tugboats specially constructed for escort operations in adverse sea and weather conditions for a new Singapore-based new client Greenbay Marine. The tug boats are expected to be delivered early 2017 and will add to the firm’s growing earnings visibility for FY17. As at Oct 15, the group’s orderbook stood at US$564m.

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.

China Sky Chemical Fibre  -- -- --   
Business: Mfr of high-end quality nylon in PRC.

Insight: Nov-15, Co's wholly-owned subsidiary, Qingdao Zhon... Read More
ComfortDelGro Corp  2.480 +0.03 +1.22%   
Business: [FY18 Turnover] Public transport services (71.2%), taxi (19.1%), others (9.7%).

Insight: May-19, 1Q19 revenue rose 7.8% to $947.3m, underpi... Read More
Fragrance Group  0.131 +0.001 +0.77%   
Business: Co operates as a property developer in Singapore and Australia. [FY17 Turnover] Property development (84.2%), Hotel Operations (7.6%), Commercial Investment (7.4%), Hospitality investment (0.8%).

Insight: Feb-19, FY18 turnover increased 64.7% mainly due t... Read More
Hyflux  -- -- --   
Business: Provides integrated water management & environmental solutions. [FY17 Turnover] Municipal (82.5%), industrial (16%), others (1.5%).

Insight: Mar-19, 9M18 revenue sank 75% due to lower enginee... Read More
Marco Polo Marine  -- -- --   
Business: A regional integrated marine logistic co, principally engaged in shipping & shipyard businesses. [FY18 Turnover] Ship building & repair (56.8%), ship chartering (43.2%).

Insight: Nov-18, FY18 revenue slid 31.3% due to lower reven... Read More
Sembcorp Marine  1.470 -- --   
Business: Co is a leading global marine & offshore engineering group. [FY18 Turnover] rigs & floaters, repairs & upgrades, offshore platforms (98.8%), ship chartering (1%), others activities (0.2%).

Insight: May-19, 1Q19 revenue fell 31.3% to $810.6m due to ... 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
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
Rex Int'l Hldg  0.063 +0.001 +1.61%   
Business: An independent oil & gas exploration & pdtn Co which has access to a set of proprietary & innovative exploration tech that mitigates exploration cost & risk.

Insight: May-19, 1Q19 no service revenue was generated from... Read More
Triyards Hldgs  -- -- --   
Business: Co provides engineering & fabrication services for the worldwide offshore & marine industries.

Insight: Dec-17, FY17 revenue fell 64.2% to US$116.2m mainl... Read More


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