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Stocks In Focus SG (GDS Global, Keppel T&T, TPV Tech) – 21/11/14
GDS Global’s turnover jumped 52.4 percent to $23.9 million for the full year ended 30 September, due to the increase in the sale of door and shutter systems arising from increased demand from developers of industrial and commercial projects as well as delayed projects which spilled over from FY13. Subsequently, net profit soared in excess of 150 percent to $4.5 million. The company has declared a first and final dividend per share of $0.013.
Keppel Telecommunications & Transportation agreed to acquire a data centre located in Almere, the Netherlands for a price that has yet to be disclosed. The property, Almere Data Centre 2 is a purpose-built shell and core data centre facility strategically located on a freehold land that is 40 minutes away from Amsterdam. At the same time, a binding letter of intent was inked with a major tenant who has committed to lease approximately 40 percent of the space at the data centre.
TPV Technology’s revenue declined 4.4 percent to US$3 billion for the three months ended 30 September, attributable to a fall in sales across all geographical markets except China and North America. Despite the poorer revenue performance, gross profit was up 28.3 percent, helped by initiatives to tighten inventory control and improve channel management. Subsequently, the company turned the corner and recognise a net profit of US$34.8 million. For the nine months, revenue slid 3 percent to US$8.4 billion while losses shrank 86.6 percent to US$9.4 million.
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