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Stocks In Focus SG (Frasers Centrepoint, Q&M) – 26/05/14

Frasers Centrepoint (FC) is eyeing to grow its landbank, tap its strength in mixed use development and scale up its hospitality arm. It was mentioned that an option worth exploring would be consider having a fund to manage its acquired assets. Although development projects still account for 70 percent of its group revenue, FC has been trying to raise recurring income from investment properties.

Q&M Dental Group (Q&M) – Controlling shareholder Quan Min Holdings, and substantial shareholders, Kelvin Koh and Felicia Koh have agreed to sell a combined 10 percent stake to Heritas Helios Investments (HHI). This grants HHI the right to call upon A&M to issue 63 million new shares within a two year option period for a minimum exercise price of $0.48 per share.

Vard Holdings has successfully secured a contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design worth more than NOK 1 billion. Delivery is scheduled in 2Q16.

Vallianz Holdings has acquired two Ulstein P128 Platform Supply Vessels to mark the start of the modernisation and diversification for Vallianz’s current fleet of 28 vessels. With these acquisitions, Vallianz will be able to capitalise on new opportunities in new regions such as Europe, Gulf of Mexico and Africa.

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Informatics Education has posted a 17 percent drop in revenue to $23.8 million in FY14 as compared to 28.7 million in FY13, underpinned by lower students enrolled in Singapore, Hong Kong and in the UK. Consequently, Net profit fell 98 percent to $0.164 million in FY14 as compared to $2.8 million in FY13.

Surface Mount Technology reported a slight 0.6 percent dip in revenue to HK$ 144.1 in 4Q14. Gross profit fell 7.2 percent year on year to HK$30.2 million in 4Q14. However, due to a one off restructuring gain in 4Q13, net profit fell 99.1 percent to HK$1.5 million in 4Q14. Consequently, earnings for FY14 fell 97.6 percent to HK$6.6 million as compared to FY13.



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