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Stock Headliners You Need To Know
Headliners | 03 December 2015
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By: Joey Ho
Articles (30) Profile

First Ship Lease Trust has taken delivery of the newly acquired 2007, Japanese-built, 45,998 deadweight tonnage medium range product tanker and has named the vessel FSL Osaka. FSL Osaka was placed in the Hafnia medium range pool immediately after its delivery and is operating in the spot market. The trust expects this new employment to generate an annual cash-on-cash yield of 14.3% based on a conservative time charter equivalent of US$16,500 per day over the next 3 years. The trust’s fleet now stands at 24 vessels comprising 7 containerships, 12 product tankers, 3 chemical tankers and 2 crude oil tankers.

Frasers Centrepoint’s Australian division, Frasers Property Australia, together with joint venture partner, Sekisui House Australia, achieved impressive sales of over AUD229m from the launch of their newest residential release, DUO, at the AUD2b Central Park urban village. The group have sold over 1,800 apartments across the entire Central Park precinct to-date, with the average apartment sales price at the DUO launch just over AUD1m.

Ho Bee Land’s indirect wholly-owned subsidiary, Kempster Investments, has entered into a sale and purchase agreement with Lunar House to acquire a freehold property known as Apollo House and Lunar House in London for approximately $210m. The acquisition includes 2 office buildings of 20 storeys and 22 storeys, totalling 441,797 square feet of office accommodation. The properties are let in its entirety to the British Government in 2 separate leases until 23 Jun-23 for a total rent of GBP5.5m per annum. There is a 5 yearly upward only rent review in Dec-15 and Dec-20. The annual rent reflects a net initial yield of 5.4% after allowing for transaction costs.

IPS Securex Holdings has received a letter of appointment (LOA) from Bio-Nexus as a subcontractor for the deployment and maintenance of Bio-Nexus’ Care-Nexus software system at the Visy Group’s Chicago site as well as at 15 additional sites of the Visy Group. The Visy Chicago Project comprises 3 modules and the project value for the first module is US$0.6m, while the remaining 2 modules are expected to be deployed over the next 24-36 months.

iX Biopharma has secured a patent in Indonesia for its WaferiX™ drug delivery technology, the sixth country to-date. The group was recently granted its Japanese patent in Sep-15, while patents have already been granted in Australia, Malaysia, New Zealand and Singapore. Pending applications are currently under examination in major markets including the US, Europe, China, India, Canada, South Korea, South Africa, Hong Kong, and Thailand.

OKP Holdings’ wholly-owned subsidiary, Or Kim Peow Contractors, has been awarded a $94.6m contract by the Land Transport Authority for the construction of a viaduct from the Tampines Expressway to the Pan Island Expressway and Upper Changi Road East. The contract is expected to be completed by the first quarter of 2020. The total value of contracts secured in 2015 amounted to $291.3m.

Olam International announced that its grains platform plans to expand into animal feed and related businesses in Nigeria. The expansion involves investments in setting up poultry and fish feed mills as well as hatcheries to produce day-old-chicks. These investments are consistent with the group’s strategy to selectively invest in prioritised platforms, which includes the Grains platform.

Sembcorp Marine’s subsidiary, PPL Shipyard, has now commenced an action against Marco Polo Marine (MPM) in the Singapore High Court. PPL Shipyard had demanded that MPM, as guarantor, perform Marco Polo Drilling’s obligations in full under the contract and pay the second disbursement and the November interest. In a separate announcement, Sembcorp Marine announced that a net loss for 4Q15 and a significant decline in FY15 net profit is expected, partly attributable to challenging operating environment and customers deferring or seeking to defer their rig orders.

Equipped with a bachelor in banking and finance, Joey covers the finance, technology and healthcare industry in Singapore.

Please click here for more information about this author.

First Ship Lease Trust  -- -- --   
Business: Singapore-based business trust which owns a fleet of vessels across major shipping sub-sectors.

Insight: Feb-19, FY18 revenue fell 17.7% due to a reduced f... Read More
Frasers Property  1.840 +0.010 +0.55%   
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: May-19, 1H19 revenue grew 27% due to significant c... Read More
Ho Bee Land  2.390 +0.01 +0.42%   
Business: Invests in & develops real estate properties in Singapore. [FY18 Turnover] Rental income (91.3%), sale of development properties (8.7%).

Insight: Apr-19, 1Q19 revenue rose 7.7% due to increased re... Read More
IPS Securex Hldgs  -- -- --   
Business: Provides of security products & security IT solutions. [FY18 Turnover] Maintenance & leasing (56.2%), security solutions (43.8%).

Insight: May-19, 9M19 revenue fell 7.8% with lower revenue ... Read More
iX Biopharma  0.245 -0.005 -2.00%   
Business: Late-stage specialty pharmaceutical firm. [FY18 Turnover] Chemical analysis (95.6%), nutraceutical (2.4%), specialty pharmaceutical (2%).

Insight: Nov-18, 1Q19 revenue dipped to $1.7m due to a weak... Read More
OKP Hldgs  0.200 -- --   
Business: An infrastructure and civil engineering company. [FY18 Turnover] Construction (50.9%), maintenance (44.6%), rental income (4.5%).

Insight: May-19, 1Q19 revenue slid 16.8% due to decreased r... Read More
Olam Int'l  1.970 -0.020 -1.01%   
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
Sembcorp Marine  1.480 -0.030 -1.99%   
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

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