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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  0.079 -- --   
Business: Singapore-based business trust which owns a fleet of vessels across major shipping sub-sectors.

Insight: Nov-17, 3Q17 revenue fell 18.5% mainly due to soft... Read More
Frasers Centrepoint  2.070 -- --   
Business: Co is an integrated real estate player. [FY16 Turnover] Properties Strategic Business Units (SBU) (86.4%), International Business (13.6%).

Insight: Nov-17, FY17 revenue rose 17.1% on the back of inc... Read More
Ho Bee Land  2.480 -0.04 -1.59%   
Business: Invests in & develops real estate properties in Singapore. [FY16 Turnover] Sale of development properties (51.7%), rental income (48.3%).

Insight: Nov-17, Co's turnover slid 51.9% mainly due to the... Read More
IPS Securex Hldgs  0.081 -0.001 -1.22%   
Business: Provides of security products & security IT solutions. [FY17 Turnover] Security solutions (51.1%), maintenance & leasing (48.9%).

Insight: Aug-17, FY17 revenue fell 9.3% mainly due to lower... Read More
iX Biopharma  -- -- --   
Business: Late-stage specialty pharmaceutical firm. [FY16 Turnover] Chemical analysis (98.2%), specialty pharmaceutical (1.8%).

Insight: Feb-17, 1H17 revenue rose marginally by 2.5% due t... Read More
OKP Hldgs  0.345 +0.005 +1.47%   
Business: An infrastructure and civil engineering company. [FY16 Turnover] Construction (81.5%), maintenance (18.5%).

Insight: Jul-17, 1H17 revenue rose 31.9% mainly due to stro... Read More
Olam Int'l  2.200 -- --   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY16 Turnover] Confectionery & beverage ingredients (37.5%), food staples & packaged foods (29.7%), edible nuts, spices & vegetable ingredients (19.3%), industrial raw materials, ag logistics & infrastructure (13.5%).

Insight: Aug-17, 1H17 revenue rose 26.5% mainly on higher s... Read More
Sembcorp Marine  1.840 +0.040 +2.22%   
Business: Co is a leading global marine & offshore engineering group. [FY16 Turnover] Ship & rig repair, bldg, conversion & offshore (98%), ship chartering (1.7%), others (0.3%).

Insight: Oct-17, 9M17 net profit rose 7.6% to $47.9m due to... Read More


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