Stocks In Focus SG (ComfortDelGro Corp, Del Monte Pacific, XMH Hldgs) – 15/12/14
Related stocks: SGX:C52, SGX:D03, SGX:A78, SGX:A26, SGX:M9F
ComfortDelGro Corporation reported a divestment of its 25 percent equity interest in Hengyang Citycab Bus Services Co for a cash consideration of Rmb1.7 million, as well as an acquisition of 49 percent of shares in Australian-based bus planning and scheduling specialist, Phillip Boyle & Associates, for a consideration of A$0.5 million.
Del Monte Pacific saw a rise in turnover in its 2Q15 operations by three-folds to US$548 million, with huge contributions by Del Monte Foods. Despite revenue rising, there was a fall in gross profit margin from 26.4 percent to 20.9 percent, mainly because of high cost of goods sold. An increase in overall expenses ate away on its net profit, leading to a final figure of US$0.2 million in 2Q15, comparing to a loss in 1Q15.
LionGold Corporation saw a fall in its 2Q14 revenue by 22.9 percent to $18.5 million, due to a decrease in gold sales. Gross profit margin fell by 18.4 percent to 7.7 percent due to high cost of goods sold. High administrative and other expenses, together with high financing cost and low revenue, led the corporation to a net loss of $14.4 million.
Sinarmas Land has entered into an agreement for the sale of New Brook Buildings, a property in United Kingdom, for a consideration of GBP113.4 million. The disposal was commenced to realise an attractive rate of return during an upturn in value of properties in the area. Net proceeds will be used to repay bank loan on property, as working capital and for future acquisition and investment purposes. The company believes the disposal will increase earnings per share as well as the net tangible assets of the company.
XMH Holdings has released its unaudited 2Q15 financial statements, announcing a 28.9 percent fall in revenue to $19.2 million due to slower sales in its distribution business segment. The decrease in revenue however saw a rise in its gross profit margin by 6.5 percent to 29.7 percent due to lower cost of sales. A rise in expenses generally led to a fall in net profit by 64.9 percent to $0.7 million.
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Related stocks: SGX:C52, SGX:D03, SGX:A78, SGX:A26, SGX:M9F
ComfortDelGro Corporation reported a divestment of its 25 percent equity interest in Hengyang Citycab Bus Services Co for a cash consideration of Rmb1.7 million, as well as an acquisition of 49 percent of shares in Australian-based bus planning and scheduling specialist, Phillip Boyle & Associates, for a consideration of A$0.5 million.
Del Monte Pacific saw a rise in turnover in its 2Q15 operations by three-folds to US$548 million, with huge contributions by Del Monte Foods. Despite revenue rising, there was a fall in gross profit margin from 26.4 percent to 20.9 percent, mainly because of high cost of goods sold. An increase in overall expenses ate away on its net profit, leading to a final figure of US$0.2 million in 2Q15, comparing to a loss in 1Q15.
LionGold Corporation saw a fall in its 2Q14 revenue by 22.9 percent to $18.5 million, due to a decrease in gold sales. Gross profit margin fell by 18.4 percent to 7.7 percent due to high cost of goods sold. High administrative and other expenses, together with high financing cost and low revenue, led the corporation to a net loss of $14.4 million.
Sinarmas Land has entered into an agreement for the sale of New Brook Buildings, a property in United Kingdom, for a consideration of GBP113.4 million. The disposal was commenced to realise an attractive rate of return during an upturn in value of properties in the area. Net proceeds will be used to repay bank loan on property, as working capital and for future acquisition and investment purposes. The company believes the disposal will increase earnings per share as well as the net tangible assets of the company.
XMH Holdings has released its unaudited 2Q15 financial statements, announcing a 28.9 percent fall in revenue to $19.2 million due to slower sales in its distribution business segment. The decrease in revenue however saw a rise in its gross profit margin by 6.5 percent to 29.7 percent due to lower cost of sales. A rise in expenses generally led to a fall in net profit by 64.9 percent to $0.7 million.
http://www.sharesinv.com
