Stocks In Focus SG (LionGold Corp, Sembcorp Industries, Tritech Group) – 03/12/13

LionGold With Others To Co-partner IPR Fund

• LionGold Corporation, together with Infiniti Asset Management (subsidiary of ISR Capital) and Shanghai Power Capital Investment Management, agreed to co-partner IPR Fund.

• The fund, structured as a second part of an existing fund known as Infiniti Premium Resources, has an investment objective of achieving medium to long-term capital appreciation through direct investments in natural resources with synchronised infrastructure investments in the global commodity sector.

• The arrangement will leverage on the expertise of each co-partners to form a portfolio of assets within the targeted sectors. Each co-partner will provide advisory services in relation to the fund’s investment activities and in turn, co-partners will receive fees in the form of carried interest.

Significance: The co-partnership will serve as a platform for LionGold to develop its acquisitive strategy. Furthermore, this will enhance the company’s existing network of financing partners for the implementation of the acquisitive portion within its growth strategy.

Sembcorp Commences Operations Of $154m Multi-Utilities Centre

• Sembcorp Industries has begun operations of its new $154 million multi-uilities centre located in Banyan district, Jurong Island.

• The new facility will provide companies located in the island’s Banyan, Tembusu and Angsana district a range of energy, water and on-site logistics. These include process steam, power, industrial waste water treatment, industrial waters and service corridor services.

• The company has already secured a number of customers located in the island’s new growth area, including Jurong Aromatics Corporation, LANXESS, Evonik Industries, Asahi-Kasei and Zeon. In total, Sembcorp’s investment in the operations and development on Jurong Island amounts to $3 billion.

Significance: With the Banyan and Sakra multi-utilities facilities in operation, Sembcorp is now well-placed to provide utilities services to customers in the whole of Jurong Island, marking a significant milestone for the company.

Tritech Wins $7.8m Instrumentation Contract

• Tritech Group has been awarded a $7.8 million contract by the Land Transport Authority for the instrumentation and monitoring of the Thomson mass rapid transit (MRT) line.

• The contract involves supplying and installing geotechnical instruments, and monitoring ground movements within the surrounding excavation and construction area of the Thomson line, between Mandai Depot and Springleaf stations with a tunnel length of 2.5 kilometers.

• The commencement date of the contract is 29 November 2013, while the completion dates are broken into two phases between 30 September 2019 and 30 May 2020. The defects liability period is six months.

Significance: The contract award is of no surprise due to the company’s specialisation in underground operations that are currently being used for the storage of crude oil as well as infrastructure development such as MRT.

More From Shares Investment:

• GuocoLeisure – Broken Out Of Trend Continuation Chart Formation

• Stocks In Focus SG (Stamford Tyres Corp, ValueMax, Yangzijiang Shipbuilding (Hldgs)) – 09/12/13

• Stocks In Focus MY (BCB, Berjaya Auto, iDimension Consolidated) – 09/12/13