Stocks In Focus SG (BBR Hldgs, SingPost, Triyard Hldgs) – 15/10/14

BBR Holdings was awarded a contract for the installation of a solar photovoltaic (PV) grid-tied system. Under the 25-year agreement, BBR will design, install, commission and maintain the 490 Kilowatt (KW)-peak PV system which comprises 1,848 high efficiency multi-crystalline panels to be installed on the rooftop of a warehouse in Singapore. Expected to be commissioned in 1Q15, the system is expected to generate about 0.6 million KW-hour in the first year and account for 80 percent of the energy needs for the contract vendor.

Singapore Post (SingPost) will be developing a fully integrated three-storey eCommerce Logistics Hub for $182 million in cash, to cater to its expanding ecommerce logistics business and growth of the ecommerce market. Expected to be fully operational in 2H16, the facility will be constructed on a 30-year leasehold land plot measuring 3.3 hectares which houses a fully-automated parcel sorting facility on the ground floor with two levels of modern warehousing space. It will serve Southeast Asia and be the connecting point to the rest of Asia. The development will also comprise an adjoining eight-storey office block to house SingPost’s local and regional logistics operations.

Triyards Holdings agreed to fully acquire the share capital of Strategic Marine (S) and Strategic Marine (V) Company for A$23.3 million in cash. The former company owns a shipbuilding and fabrication facility located at 4 Pioneer Sector 1, Singapore, while the latter owns a similar facility at the Dong Xuyen Industry Park in Vung Tau, Vietnam. The acquisition is expected to enhance the group’s current fabrication capacity to develop and extend its market reach for new product and service offerings.

More From Shares Investment:

• Asia Daily Bulletin – 22/10/14

• USA Daily Bulletin – 22/10/14

• USA Daily Bulletin – 21/10/14