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Stocks In Focus SG (Huationg Global, Libra, Midas) – 04/03/15
Civil engineering solutions provider Huationg Global secured new contracts worth a total of $28.5 million. Expected to be delivered by the firm over the next five years, the latest deals will boost Huationg Global’s order book to approximately $118.5 million as at 27 February 2015.
Libra Group clinched three new deals worth about $45 million, raising the firm’s order book to over $102 million as at 3 March 2015. Scheduled to be completed by December 2015, two of the contracts pertain to works for an existing industrial building in Toa Payoh. The remaining project is a sub-contract for works at a proposed erection of a hotel and a three-storey clubhouse at Stevens Road. Works are expected to be completed by April 2017.
Midas Holdings won a US$58.3 million (approximately Rmb365.9 million) contract to supply aluminium alloy extrusion profiles and fabricated parts for a rail project in the US. With delivery slated to take place progressively between 2015 and 2020, this contract is Midas’ single largest export contract to-date as well as its maiden rail contract in the US.
Smartflex Holdings’ subsidiary, Smartflex Technology, a leading contract manufacturer specialising in assembly and testing services of smart card identity modules, has been awarded Common Criteria site certification at Evaluation Assurance Level Five Augmented (“EAL5+”) under Agence Nationale de la Sécurité des Systèmes d’Information (“ANSSI”) from France. The Common Criteria is internationally recognised by 26 countries under the current Common Criteria Recognition Arrangement as the evaluation standard of information technology security products. With the EAL5+ evaluation, financial institutions and any organisations that demand rigorous security assurance can place Smartflex Technology in confidence to handle sensitive information reliably.
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