Stocks In Focus SG (AIMS AMP REIT, CapitaRetail China, GuocoLand) – 29/01/15

AIMS AMP Capital Industrial REIT’s gross revenue rose 8.8 percent to $29.7 million for the third quarter ended 31 December 2014, attributable to rental contribution from newly completed properties (103 Defu Lane 10 and Phase2E of 20 Gul Way). Consequently, as the expansion in rental income outpaced the rise in expenses, 3Q15 income available for distribution grew 21 percent to $14.6 million and a distribution per unit (DPU) of $0.0277 has been declared for the quarter.

A DPU of $0.0248 for fourth quarter ended 31 December 2014 has been posted by CapitaRetail China Trust. The DPU represents a 12.7 percent rise from the 2.2 cents DPU a year ago. Net property income grew 30.1 percent to $33.5 million mainly due to a stronger yuan against the Singapore dollar.

GuocoLand’s turnover jumped 18.6 percent to $579.3 million for the six-month ended 31 December 2014, mainly due to recognition of the sale of an office tower in Shanghai Guoson Centre. As cost of sales was kept flat, 1H15 gross profit doubled to $187.4 million. However, the group posted a 28 percent drop in net profit, as the gains were eroded by the absence of a one-off gain from the disposal of subsidiaries in 1H14 and higher professional fees for operations in China.

Ntegrator International has secured four contracts worth $10.7 million for projects in Singapore, Vietnam and Myanmar. The contracts entail the provision of various supplies and equipment as well as installation, testing and commissioning services for the telecommunication sector.

SP Corporation recorded a 13.6 percent decline in revenue to $131.9 million for the financial year ended 31 December 2014, mainly due to a decline in both tyre distribution and commodities trading. Coupled with a lower gross margin for the commodities, which was partially offset by a fall in total expenses, net profit for the period shrank 11.3 percent to $2.1 million.

Terratech Group has entered into an agreement to acquire the entire stake three Chinese companies (collectively referred to as Meilian Changchi) that produces and sells marble tiles and marble mosaic tiles, which is seen to allow greater efficiencies and cost savings. The consideration will be paid in the form of 186 million new shares in the group, representing approximately 23.2 percent of the enlarged share capital and is worth an estimated $15.4 million.

More From Shares Investment:

• Stocks In Focus SG (OSIM Int’l, SIA Engineering, Starburst Hldgs) – 04/02/15

• USA Daily Bulletin – 03/02/15

• Asia Daily Bulletin – 03/02/15