Stocks In Focus SG (Ezra Hldgs, Mandarin Oriental, Singtel) – 08/04/15
Related stocks: SGX:5DN, SGX:M04, SGX:5HC, SGX:Z74
Ezra Holdings announced a 99 percent fall in net profit US$138,000 from US$19.6 million for its second quarter ended 29 February 2015, mainly due to non-controlling interests. Revenue gained one percent to US$302 million. The company is seeing some results from its strategy to streamline core operations and focus on cash flow generation as they remain cautiously optimistic that the long-term fundamentals of the oil and gas industry will remain encouraging despite the current challenging environment and volatile results. However, Ezra maintains a backlog of US$2.3 billion with its tendering activities remaining robust.
Mandarin Oriental‘s one for four rights issue of 251 million new ordinary shares received valid acceptances representing 98.4 percent of the total number of new shares. The new shares will begin trading Wednesday, 8 April 2015. Parent Jardine Strategic will buy the remaining 3.9 million shares. Originally announced on 5 March 2015, the aim of the new shares is to raise US$316 million to reduce debt levels and finance the renovation of Mandarin Oriental Hyde Park, London.
Ntegrator International has been awarded a $25.6 million contract from a local provider of fibre infrastructure to supply services for the installation, operation and maintenance of the Next Generation Nationwide Broadband Fibre Network (Next Gen NBN) in Singapore. The three year service contract is slated for completion by 29 March 2018 and is expected to contribute positively to the financial performance for the fiscal years 2015 to 2018. With a total of eight contracts in the year-to-date, Ntegrator’s contract wins stands at approximately $50.8 million.
Singtel reported the acquisition of 98 percent equity interest in US-based Trustwave, with the remaining 2 percent to be held by Trustwave Chairman and CEO, Robert J McCullen. Singtel’s existing portfolio of cloud based solutions will be expanded, further entrenching its leadership position in the managed services market. It is also leveraging Trustwave’s threat intelligence, technology and talent to meet the growing demand for always-on managed security services in North America and the Asia Pacific region. The aggregate consideration for the transaction is approximately US$810 million and is subject to working capital adjustments at closing, expected to complete in three to six months’ time.
http://www.sharesinv.com
Related stocks: SGX:5DN, SGX:M04, SGX:5HC, SGX:Z74
Ezra Holdings announced a 99 percent fall in net profit US$138,000 from US$19.6 million for its second quarter ended 29 February 2015, mainly due to non-controlling interests. Revenue gained one percent to US$302 million. The company is seeing some results from its strategy to streamline core operations and focus on cash flow generation as they remain cautiously optimistic that the long-term fundamentals of the oil and gas industry will remain encouraging despite the current challenging environment and volatile results. However, Ezra maintains a backlog of US$2.3 billion with its tendering activities remaining robust.
Mandarin Oriental‘s one for four rights issue of 251 million new ordinary shares received valid acceptances representing 98.4 percent of the total number of new shares. The new shares will begin trading Wednesday, 8 April 2015. Parent Jardine Strategic will buy the remaining 3.9 million shares. Originally announced on 5 March 2015, the aim of the new shares is to raise US$316 million to reduce debt levels and finance the renovation of Mandarin Oriental Hyde Park, London.
Ntegrator International has been awarded a $25.6 million contract from a local provider of fibre infrastructure to supply services for the installation, operation and maintenance of the Next Generation Nationwide Broadband Fibre Network (Next Gen NBN) in Singapore. The three year service contract is slated for completion by 29 March 2018 and is expected to contribute positively to the financial performance for the fiscal years 2015 to 2018. With a total of eight contracts in the year-to-date, Ntegrator’s contract wins stands at approximately $50.8 million.
Singtel reported the acquisition of 98 percent equity interest in US-based Trustwave, with the remaining 2 percent to be held by Trustwave Chairman and CEO, Robert J McCullen. Singtel’s existing portfolio of cloud based solutions will be expanded, further entrenching its leadership position in the managed services market. It is also leveraging Trustwave’s threat intelligence, technology and talent to meet the growing demand for always-on managed security services in North America and the Asia Pacific region. The aggregate consideration for the transaction is approximately US$810 million and is subject to working capital adjustments at closing, expected to complete in three to six months’ time.
http://www.sharesinv.com
