Stocks In Focus SG (DBS, SingPost, VICOM ) – 10/02/15
Related stocks: SGX:D05, SGX:NO4, SGX:S08, SGX:40D, SGX:V01
DBS Group Holdings posted a 15.1 percent gain in net interest income for the fourth quarter ended 31 December 2014, underpinned by higher volume of loans and improved net interest margin. However, a 13.2 percent gain in total expenses to $1.3 billion mainly on the back of higher allowances for credit and other losses, led earnings to sink 13.9 percent to $838 million. For the full year, net interest income accelerated 13.5 percent to $6.3 billion while earnings gained 10.2 percent to $4 billion. The group has declared a final dividend per share of $0.30.
Dyna-Mac received a letter of award to construct six units of floating production storage and offloading (FPSO) topsides modules from Armada Cabaca, an affiliate of Bumi Armada. The company’s work entails the engineering and fabrication of six topsides modules for an FPSO vessel that will be deployed at Eni’s Block 15/06 East Hub field, located 350 kilometres Northeast of Luanda in the deep waters of Angola. The topsides FPSO modules are scheduled to be delivered progressively within 1Q16.
Singapore Post (SingPost) has acquired an additional 1.8 million shares in the capital of GD Express Carrier (GDEX), an associated company of SingPost that is listed on the main market of Bursa Malaysia, for RM2.4 million (approximately $0.9 million). In addition, the company has also received 72.2 million shares in GDEX from a bonus issue. Post acquisition and bonus issue, SingPost will own 24.2 percent of the enlarged share capital in GDEX.
Starburst Holdings has been awarded contracts totalling $2.5 million for a project located in the Middle East. Under the contracts, the company’s subsidiary, Starburst Engineering will undertake ballistic protection works for a firearm training facility in the Middle East. The contract is scheduled to commence in February 2015 and complete in September 2015.
VICOM posted a 3 percent gain in revenue to $108.2 million for the year ended 31 December 2014, bolstered by higher business volume. Total expenses were up 2.3 percent to $72.5 million, mainly as a result of a 4 percent expansion in staff costs. Subsequently, net profit was up 6 percent to $30.1 million. The company has declared a final and special dividend per share of $0.0875 and $0.095 respectively.
http://www.sharesinv.com
Related stocks: SGX:D05, SGX:NO4, SGX:S08, SGX:40D, SGX:V01
DBS Group Holdings posted a 15.1 percent gain in net interest income for the fourth quarter ended 31 December 2014, underpinned by higher volume of loans and improved net interest margin. However, a 13.2 percent gain in total expenses to $1.3 billion mainly on the back of higher allowances for credit and other losses, led earnings to sink 13.9 percent to $838 million. For the full year, net interest income accelerated 13.5 percent to $6.3 billion while earnings gained 10.2 percent to $4 billion. The group has declared a final dividend per share of $0.30.
Dyna-Mac received a letter of award to construct six units of floating production storage and offloading (FPSO) topsides modules from Armada Cabaca, an affiliate of Bumi Armada. The company’s work entails the engineering and fabrication of six topsides modules for an FPSO vessel that will be deployed at Eni’s Block 15/06 East Hub field, located 350 kilometres Northeast of Luanda in the deep waters of Angola. The topsides FPSO modules are scheduled to be delivered progressively within 1Q16.
Singapore Post (SingPost) has acquired an additional 1.8 million shares in the capital of GD Express Carrier (GDEX), an associated company of SingPost that is listed on the main market of Bursa Malaysia, for RM2.4 million (approximately $0.9 million). In addition, the company has also received 72.2 million shares in GDEX from a bonus issue. Post acquisition and bonus issue, SingPost will own 24.2 percent of the enlarged share capital in GDEX.
Starburst Holdings has been awarded contracts totalling $2.5 million for a project located in the Middle East. Under the contracts, the company’s subsidiary, Starburst Engineering will undertake ballistic protection works for a firearm training facility in the Middle East. The contract is scheduled to commence in February 2015 and complete in September 2015.
VICOM posted a 3 percent gain in revenue to $108.2 million for the year ended 31 December 2014, bolstered by higher business volume. Total expenses were up 2.3 percent to $72.5 million, mainly as a result of a 4 percent expansion in staff costs. Subsequently, net profit was up 6 percent to $30.1 million. The company has declared a final and special dividend per share of $0.0875 and $0.095 respectively.
http://www.sharesinv.com
