Stocks In Focus SG (Midas, SMRT, Tuan Sing) – 30/01/15
Related stocks: SGX:C76, SGX:O10, SGX:5G4, SGX:5EN, SGX:S53, SGX:S24, SGX:T04, SGX:T24
Creative Technology has released its financial results for 2Q15, showing a 17.2 percent fall in revenue to US$31.3 million due to uncertain and difficult market conditions. Gross profit margin fell 0.6 percentage points from 30.2 percent in 2Q14 to 29.6 percent in 2Q15. Selling, general and administrative expenses inched up 1.3 percent. Along with foreign exchange loss and impairment loss on investment, the company recorded a net loss to US$9.2 million. Going forward, Creative expects the overall market for its products to remain challenging. For 3Q15, the group expects revenue to come in lower on a quarter-on-quarter basis and an operating loss is projected.
Far East Orchard’s wholly owned subsidiary, OPH Marymount (OPHM), has entered into a transaction with Transurban Properties, disposing its interest in two properties on Bassein road for a sum of $38.1 million. Both companies were jointly awarded the tender for both properties, however OPHM decided to free up resources to focus on other aspects of its business after considering the requirements to obtain a qualifying certificate from the Singapore Land Authority, and the residential property market slowdown post property cooling measures by the government since 2011.
Infinio Group has entered into a conditional cooperation agreement with PT Napal Umbar Picung for the cooperative processing of gold ore in Lampung, Indonesia. Infinio believes that the project represents a good opportunity with a high level of ready resource available for processing, possibly generating a one off profit within a short time frame with relatively low investment risk.
Midas Holdings announced that its joint venture company, Nanjing SR Puzhen Rail Transport Co, secured a Rmb1.7 billion metro train contract from Shanghai Rail Transit Line 13 Development Co. The project is scheduled to be delivered by 2017.
SMRT Corporation has announced financial results for 3Q15, showing a 6.8 percent lift in revenue to $313.2 million, as all business segments performed better year-on-year. Net profit increased by 58.4 percent to $22.5 million, as staff costs, the largest expense component, remained flat and electricity and diesel costs decreased.
STATS ChipPAC has released its financial results for 4Q14, showing a 3 percent lift in its revenue to US$406.7 million due to higher wireless communications revenue driven by new high-end smartphone ramps and stronger than seasonal demand in China lower-tier smartphones. Gross profit margin rose 1.6 percentage points from 10.5 percent in 4Q13 to 12.1 percent in 4Q14. Net profit for 4Q14 was at US$3.5 million, making an about turn from the previous year’s loss.
Thakral Corporation together with its subsidiary Thakral Capital Holdings (TCH), has entered into a share sale agreement to acquire 49 percent of Thakral Capital Australia (TCAP) from four vendors. TCH will allot and issue 0.3 million new shares in its capital at $80.80 per share to the vendors in consideration of the proposed acquisition, diluting Thakral Corporation’s shareholding interest by up to 25 percent upon completion of the share sales agreement. The acquisition will see a merger of TCAP into TCH, consolidating and providing greater visibility to shareholders of Thakral’s investment division’s business and TCAP’s business. All of the above proposals will be contingent upon shareholder approval.
Tuan Sing’s 4Q14 revenue rose 71.7 percent to $112.1 million due to higher revenue from the property segment and the consolidation of revenue from Grand Hotel Group post-acquisition. Gross profit margin rose 3.6 percentage points from 17.8 percent in 4Q13 to 21.3 percent in 4Q14. Net profit fell 3.8 percent to $24.3 million as a negative goodwill of $26.9 million and higher finance costs offset the surge in revenue. A dividend per share of $0.005 was declared.
http://www.sharesinv.com
Related stocks: SGX:C76, SGX:O10, SGX:5G4, SGX:5EN, SGX:S53, SGX:S24, SGX:T04, SGX:T24
Creative Technology has released its financial results for 2Q15, showing a 17.2 percent fall in revenue to US$31.3 million due to uncertain and difficult market conditions. Gross profit margin fell 0.6 percentage points from 30.2 percent in 2Q14 to 29.6 percent in 2Q15. Selling, general and administrative expenses inched up 1.3 percent. Along with foreign exchange loss and impairment loss on investment, the company recorded a net loss to US$9.2 million. Going forward, Creative expects the overall market for its products to remain challenging. For 3Q15, the group expects revenue to come in lower on a quarter-on-quarter basis and an operating loss is projected.
Far East Orchard’s wholly owned subsidiary, OPH Marymount (OPHM), has entered into a transaction with Transurban Properties, disposing its interest in two properties on Bassein road for a sum of $38.1 million. Both companies were jointly awarded the tender for both properties, however OPHM decided to free up resources to focus on other aspects of its business after considering the requirements to obtain a qualifying certificate from the Singapore Land Authority, and the residential property market slowdown post property cooling measures by the government since 2011.
Infinio Group has entered into a conditional cooperation agreement with PT Napal Umbar Picung for the cooperative processing of gold ore in Lampung, Indonesia. Infinio believes that the project represents a good opportunity with a high level of ready resource available for processing, possibly generating a one off profit within a short time frame with relatively low investment risk.
Midas Holdings announced that its joint venture company, Nanjing SR Puzhen Rail Transport Co, secured a Rmb1.7 billion metro train contract from Shanghai Rail Transit Line 13 Development Co. The project is scheduled to be delivered by 2017.
SMRT Corporation has announced financial results for 3Q15, showing a 6.8 percent lift in revenue to $313.2 million, as all business segments performed better year-on-year. Net profit increased by 58.4 percent to $22.5 million, as staff costs, the largest expense component, remained flat and electricity and diesel costs decreased.
STATS ChipPAC has released its financial results for 4Q14, showing a 3 percent lift in its revenue to US$406.7 million due to higher wireless communications revenue driven by new high-end smartphone ramps and stronger than seasonal demand in China lower-tier smartphones. Gross profit margin rose 1.6 percentage points from 10.5 percent in 4Q13 to 12.1 percent in 4Q14. Net profit for 4Q14 was at US$3.5 million, making an about turn from the previous year’s loss.
Thakral Corporation together with its subsidiary Thakral Capital Holdings (TCH), has entered into a share sale agreement to acquire 49 percent of Thakral Capital Australia (TCAP) from four vendors. TCH will allot and issue 0.3 million new shares in its capital at $80.80 per share to the vendors in consideration of the proposed acquisition, diluting Thakral Corporation’s shareholding interest by up to 25 percent upon completion of the share sales agreement. The acquisition will see a merger of TCAP into TCH, consolidating and providing greater visibility to shareholders of Thakral’s investment division’s business and TCAP’s business. All of the above proposals will be contingent upon shareholder approval.
Tuan Sing’s 4Q14 revenue rose 71.7 percent to $112.1 million due to higher revenue from the property segment and the consolidation of revenue from Grand Hotel Group post-acquisition. Gross profit margin rose 3.6 percentage points from 17.8 percent in 4Q13 to 21.3 percent in 4Q14. Net profit fell 3.8 percent to $24.3 million as a negative goodwill of $26.9 million and higher finance costs offset the surge in revenue. A dividend per share of $0.005 was declared.
http://www.sharesinv.com
