Stocks In Focus SG (Dyna-Mac Holdings, Manufacturing Integration Technology, Vard Holdings) – 06/01/15

Dyna-Mac Holdings has closed a deal worth an estimated $89 million from oil and gas industry floating production services provider, BW Offshore. Dyna-Mac will construct 10 floating production, storage and offloading (FSPO) vessels’ topside modules and one flare tower for BW Offshore, including preparation of shop drawings and fabrication of modules for the FPSO vessel that will operate at Premier Oil’s Catcher oil fields in the UK sector of the North Sea. The contract is expected to contribute positively to earnings, net tangible assets and earnings per share for FY15. Dyna-Mac shares’ opened 1.6 percent or $0.005 higher at $0.325 today upon release of the news.

Manufacturing Integration Technology (MIT) has signed a $10.5 million contract to deliver two lines of equipment for making building integrated photovoltaics (BIPV) to an existing customer in China. The winning of the contract brings MIT’s outstanding order book in 2015 to $42 million, and is expected to contribute positively to financial results in FY15.

Ntegrator International signed new contracts worth $14.5 million to supply high-performance batteries to Viettel Global Investment Joint Stock Company, for the upgrading of the carrier ethernet network by M1, and a fiber cable installation by Sino Huawei Technologies. Both Viettel and M1 are repeated customers since its incorporation in 2002. Sino Huawei is a new customer contracting a two-year project that commenced late December 2014. These deals reflects customer confidence in Ntegrator’s ability to deliver higher quality products and services and will strengthen its order book.

Terratech Group has entered into an agreement to acquire 80 percent share interest in Hengyu, an architectural design and construction services company based in Xi’an, China. The considered sum is Rmb9.6 million, to be paid to two separate vendors holding 48 percent and 32 percent equity interest respectively. The acquisition will enable the group to obtain its Class A licenses held by Hengyu, required for the sale and installation of marble products in China. Terratech Group will use its net placement proceeds from its initial public offering to fund the acquisition.

Vard Holdings has signed a NOK100 million ($17.5 million) large equipment contract for a vessel under construction at Fincantieri, through specialised subsidiary Seaonics. This is the largest deal to date for Seaonics, which deals with the manufacturing of offshore handling equipment to improve critical lift and handling operations. The contract is an equipment package inclusive of winches, deck cranes, and overboarding systems.

More From Shares Investment:

• USA Daily Bulletin – 12/01/15

• Credit Suisse: Singapore Banks Stand Out, Especially DBS

• Asia Daily Bulletin –12/01/15