Stocks In Focus SG (Frasers Commercial Trust, IPS Securex, PNE Industries) – 28/11/14

Frasers Commercial Trust (FCOT) has been re-assigned a “Baa3” credit rating along with a stable outlook by Moody’s Investors Service following the withdrawal of its corporate family rating. The stable outlook reflects Moody’s expectation that FCOT’s properties will continue to generate stable income, driven by steady occupancy rates and organic growth from positive rental reversions. In September, FCOT has successfully refinanced all of its secured debt with unsecured debt.

IPS Securex Holdings inked a contract worth US$1.6 million for the sale of 50 sets of Hyperspike acoustic hailing devices and their supporting accessories to a company incorporated in Hong Kong. This equipment will be delivered to Vietnam.

PNE Industries’ revenue moved up 2.6 percent to $84 million for the year ended 30 September, mainly due to higher contribution from its contract manufacturing segment. Coupled with a multiple-fold gain in other income recognised from the disposal of interest in an associate company, net earnings advanced in excess of 120 percent to $8.5 million. The company has declared a final dividend per share of $0.005.

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