OCBC Investment Research in a Feb 1 research report says: “Micro-Mechanics (MMH) reported its 2Q11 results with revenue increasing 17% to $11.4 million and net profit surging 149.4% to $1.8 million. The growth was driven by increased sales of its semiconductor tooling business and Custom Machining and Assembly division as a result of improved conditions.
Posts Tagged ‘Holdings’
Wing Tai Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “2Q net profit jumped 142% to $54m due to progressive billings from Helios Residences and sale of 14 Belle Vue apartments in Q2, bringing take up to c.72% and 7 units at L’VIV. Associates’ income surged to $16.9 million, thanks to billings from Floridian with a further 18 units sold in the quarter (74% sold to date).
Tiger Airways Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “Reported net profit of $22.6 million in 3Q-FY11 included $4.7 million non-operational exchange gains and was slightly below our expectations.
Chosen Holdings – Corporate moves
January 31st, 2011 |
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Chow Kok Hwee has been appointed CEO wef Feb 1
Work experience: ED, Chosen Holdings Ltd; director, Chosen Plastic Pte Ltd; director, Newtech Plastics Pte Ltd
Sing Holdings acquires Robin Star for $47m
January 30th, 2011 |
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Following its acquisition of Robin Court and 1 Robin Drive last year, Sing Holdings says has entered into a sale and purchase agreement to acquire yet another adjoining site Robin Star for $47 million.
The three sites have a combined land area of 64,878 sqft. With a plot ratio of 1.4 and including a 10% balcony area allocation, the Property can yield a gross floor area of about 99,913 sqft. The total purchase price of $124.33 million translates to $1,297 per square foot per plot ratio, inclusive of estimated development charges of about $5.28 million.
CSC Holdings’ 3Q net profit falls to $3.9m
January 28th, 2011 |
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CSC Holdings, the homegrown foundation and geotechnical engineering specialist, says it posted lower net profit and earnings per share of $3.9 million and 0.28 cents respectively for for the three months ended 31 December 2010 (3Q11), compared to $5.0 million and 0.36 cents in 3Q10.
Third quarter revenue also increased 30.3% year-on-year to $94.2 million from $72.3 million in 3Q10 driven by improving demand for the group’s foundation engineering services.
Chasen Holdings bags China relocation contracts worth $11.4m
January 28th, 2011 |
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Chasen Holdings, the relocation specialist for sophisticated machinery and equipment, says its Shanghai unit has successfully clinched two relocation projects in China. The projects, which involve the relocation of TFT LCD plants, have a combined value of RMB58.45 million ($11.37 million).
The first project, worth RMB8.45 million, involves the turnkey relocation of a 3rd-generation LCD factory from Kunshan in Jiangsu to Changsha in Hunan. Services rendered by Chasen Hi-Tech will include packing and moving out from the Kunshan plant, transporting the equipment to and moving them into the Changsha plant. The project will be conducted from January to March 2011.
Bank of Singapore advises investors to have large bond holdings
January 27th, 2011 |
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Bank of Singapore, the private banking business of Oversea-Chinese Banking Corp., recommends that investors hold a substantial amount of bonds in their portfolios and focus on emerging markets, the bank’s Chief Investment Officer Hou Wey Fook told reporters in Singapore today.
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China Sunsine Chemical Holdings rated ‘buy’ by Phillip Securities
January 21st, 2011 |
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Phillip Securities Research in a Jan 21 research report says: “9M10 revenue improved 39.8% y-y while net profit registered an improvement of 50.7% y-o-y. In view of the buoyant performance of the automobile industry, we believe Sunsine should maintain its momentum for 4Q10. The main product of the company is the rubber accelerator which accounts for close to 90% of revenue.
Longcheer Holdings downgraded to ‘sell’ by DBS
January 21st, 2011 |
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DBS Vickers Securities in a Jan 20 research report says: “Our channel checks indicated that in Nov/Dec, the India handset market was plagued with a severe stock pile in the feature phone segment (Longcheer’s key products) due to: (1) weak sell through during Deepavali; and (2) smartphone’s cannibalisation of the low to mid range feature phones.
Tat Hong Holdings rated ‘hold’ by OCBC
January 20th, 2011 |
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OCBC Investment Research in a Jan 19 research report says: “The floods in Australia have taken a toll on Tat Hong Holdings (Tat Hong), which announced that one of its seven branches in Queensland was evacuated on 11 Jan as a result of the floods.
Sinopipe Holdings rated ‘increase exposure’ by SIAS
January 20th, 2011 |
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SIAS Research in a Jan 19 research report says: “Sinopipe Holdings manufactures, distributes and installs plastic pipe and fittings. Positive industry factors such rapid urbanisation of China and superior properties of plastics over other materials are impelling the demand for plastic pipes.
Pacific Healthcare Holdings – Corporate moves
January 20th, 2011 |
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Magdalene Chua has been appointed CFO wef Jan 17
Work experience: Director, Facts Services Pte Ltd; CFO, Surbana Land Int’l (China) Pte Ltd; group financial controller, Surbana Int’l Consultants Pte Ltd
OCBC maintains Tat Hong Holdings at Hold
January 19th, 2011 |
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OCBC Investment Research maintains Hold recommendation on Tat Hong Holdings (T03.SG) and $0.99 fair value estimate, despite negative impact of floods on some of the heavy machinery group’s business in Australia.
Sunvic Chemical Holdings rated ‘buy’ by Phillip Securities
January 17th, 2011 |
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Phillip Securities Research in a Jan 11 research report says: “Sunvic announced that it has gotten approval to utilize the balance of the tax incentive which was granted to its subsidiary in 2007 and 2008.
Singapore Press Holdings posts 29% fall in 1Q net profit to $102.3m
January 14th, 2011 |
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Singapore Press Holdings today reported net profit attributable to shareholders for the first quarter ended 30 November 2010 (1Q 2011) fell 29.3% y-o-y to $102.3 million.
Profit from the Newspaper and Magazine segment improved by 10.0%, driven by the increase in print advertisement revenue.
XMH Holdings offers 100.95 million shares at $0.25 each in IPO
January 14th, 2011 |
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XMH Holdings aims to sell 100.95 million shares at 25 cents each in its initial public offering on the Singapore stock exchange, according to an e-mailed statement today.
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Ezra Holdings rated ‘buy’ by OCBC
January 14th, 2011 |
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OCBC Investment Research in a Jan 13 research report says: “Ezra reported a 25% y-o-y rise in revenue to US$75.9 million but saw a 28% fall in net profit to US$13.3 million in 1QFY11, as its results were impacted by lower contribution from EOC and JV companies as well as higher financial expenses arising from the group’s expansion programme.
Heatec Jietong Holdings – Corporate moves
January 12th, 2011 |
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George Wong Chow Yew has been appointed COO wef Jan 10
Work experience: Operations and business development manager (Upstream Hydrocarbons & FPSO), WorleyParsons Pte Ltd, Singapore
Esmart Holdings – Corporate moves
January 12th, 2011 |
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Dato’ Sri Adam Sani bin Abdullah has been appointed non-executive/non-independent director wef Jan 7
Work experience: Chairman/non-ED, Atlan Holdings Bhd