Stocks In Focus SG (Enviro-Hub Hldgs, Triyards, Yongnam) – 10/03/15

Enviro-Hub Holdings reported a 51.9 percent expansion in top line to $30 million for the fourth quarter ended 31 December 2014, underpinned by better performances in its recycling and property investment businesses. Coupled with higher other income, attributable to increase in fair value of properties, net profit for the quarter jumped 82.6 percent to $16.2 million. For the full year, top and bottom lines grew 83.2 percent and 143.8 percent to $108.3 million and $12.9 million respectively.

Triyards Holdings has secured contracts for two ice-class multi-purpose support vessels (MPSV) and a turret fabrication job worth over US$100 million. Year-to-date, the firm has added almost US$180 million in new orders and the new MPSV contracts will extend its earnings visibility beyond FY16.

Yongnam Holdings’ subsidiary, Yongnam Engineering & Construction has formed a 51:49 joint venture (JV) with Jian Huang Construction Co, and the JV has inked a $159 million contract for the JTC Food Hub @ Senoko. The project, which is expected to commence this month, involves the building and development of a new seven-storey ramp-up development in the Senoko Food Zone and is slated for completion in 1H17.

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