Stocks In Focus SG (Ezra Holdings, Fragrance Group, Olam International) – 12/01/15
Related stocks:
SGX:5EB, SGX:5HG, SGX:5DN, SGX:F31, SGX:A30, SGX:L38, SGX:O32, SGX:S9B
CFM Holdings has entered into an agreement to acquire Infratrade for $2 million. CFM believes the acquisition will help to diversify from its current core business in metal stamping and fabrication of engineering tools, and create an added opportunity to explore stamping and fabrication works with Infratrade’s existing customers.
Edition, formerly Oniontech, has entered into a non-binding memorandum of understanding with an independent third party to jointly engage in financial services-related business in China. Under the memorandum of understanding, Edition will hold a 51 percent stake while its partner will hold the remaining 49 percent stake.
Ezra Holdings’ subsidiary London Marine Consultants has been awarded a US$110 million contract by Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s extended well test floating production, storage and offloading (FPSO) vessel. The Libra oil field is a large ultra-deepwater oil prospect located off the coast of Rio de Janeiro.
Fragrance Group and Aspial Corporation has entered into a joint venture to make a voluntary cash offer for property developer LCD Global Investments. The offer of $313.8 million takes into account LCD’s prevailing market price and premiums for comparable transactions. The offer was made based on the potential for continued growth after taking into account the geographical footprint of LCD’s assets and its developments.
Olam International has agreed to sell wool broker Western Wool Marketing to Quality Wool, exiting from its Australian wool business, which has stores throughout New South Wales and Victoria. Olam said that the sale is in line with its strategy to unlock intrinsic value and pursue growth opportunities selectively, while exiting non-core operations.
TEE Land has released its 2Q15 financial statements, showing a 5.2 times increase in revenue to $15.1 million because of higher progressive revenue recognised for the sale of Aura 83 development in 2Q15, than from The Peak in 2Q14. Gross profit margin fell by 18.4 percentage points from 43.8 percent in 2Q14 to 25.4 percent in 2Q15, mainly due to lower margin development project in 2Q15. Net profit rose by 46 percent to $2.4 million due to a higher gross profit despite costs rising generally. The company declared an interim dividend per share of $0.0044.
http://www.sharesinv.com/
Related stocks:
SGX:5EB, SGX:5HG, SGX:5DN, SGX:F31, SGX:A30, SGX:L38, SGX:O32, SGX:S9B
CFM Holdings has entered into an agreement to acquire Infratrade for $2 million. CFM believes the acquisition will help to diversify from its current core business in metal stamping and fabrication of engineering tools, and create an added opportunity to explore stamping and fabrication works with Infratrade’s existing customers.
Edition, formerly Oniontech, has entered into a non-binding memorandum of understanding with an independent third party to jointly engage in financial services-related business in China. Under the memorandum of understanding, Edition will hold a 51 percent stake while its partner will hold the remaining 49 percent stake.
Ezra Holdings’ subsidiary London Marine Consultants has been awarded a US$110 million contract by Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s extended well test floating production, storage and offloading (FPSO) vessel. The Libra oil field is a large ultra-deepwater oil prospect located off the coast of Rio de Janeiro.
Fragrance Group and Aspial Corporation has entered into a joint venture to make a voluntary cash offer for property developer LCD Global Investments. The offer of $313.8 million takes into account LCD’s prevailing market price and premiums for comparable transactions. The offer was made based on the potential for continued growth after taking into account the geographical footprint of LCD’s assets and its developments.
Olam International has agreed to sell wool broker Western Wool Marketing to Quality Wool, exiting from its Australian wool business, which has stores throughout New South Wales and Victoria. Olam said that the sale is in line with its strategy to unlock intrinsic value and pursue growth opportunities selectively, while exiting non-core operations.
TEE Land has released its 2Q15 financial statements, showing a 5.2 times increase in revenue to $15.1 million because of higher progressive revenue recognised for the sale of Aura 83 development in 2Q15, than from The Peak in 2Q14. Gross profit margin fell by 18.4 percentage points from 43.8 percent in 2Q14 to 25.4 percent in 2Q15, mainly due to lower margin development project in 2Q15. Net profit rose by 46 percent to $2.4 million due to a higher gross profit despite costs rising generally. The company declared an interim dividend per share of $0.0044.
http://www.sharesinv.com/
