Yahoo Finance 
Stocks In Focus SG (Man Oriental USD, Pollux Prop, Yoma Strategic) – 22/05/15
Ley Choon Group Holdings has secured a contract of approximately $25 million awarded by the Public Utilities Board, for the supply, laying and installation of water pipeline from Jalan Kampong Chantek to Dunearn Road.
Mandarin Oriental International has announced that it will acquire the Hotel Ritz, Madrid, for EUR130 million in a joint venture with The Olayan Group, a Saudi Arabian multinational group. Following the acquisition, the hotel will undergo a comprehensive renovation in 2017, estimated to cost EUR90 million. Mandarin Oriental’s total investment is approximately EUR111 million, and will manage the hotel under a long-term management agreement.
Nobel Design Holdings reported a 9.1 percent increase in 1Q15 revenue to $18.7 million, mainly attributable to the group’s supply chain division. The supply chain division under Buylateral Group, which operates in the US market, achieved a 27.8 percent increase in sales to $11.4 million. The group’s property investments also performed well with the recognition of contribution from three properties. As a result, net profit increased 16.6 percent to $3.6 million. While the group is positive on the growth in the US market and expects Buylateral to continue expanding its customer base, the property development business in Singapore continues to be challenging and opportunities remain limited.
Pollux Properties announced an 828.9 percent surge in net profit for FY15 to $2.1 million, mainly due to higher share of profit of joint venture. Revenue grew 57.1 percent to $37.9 million, while cost of sales increased 59.5 percent in line with the higher percentage of completion, resulting in a 1.3 percentage points decline in gross profit margin to 9.8 percent. Share of results of joint venture increased 114 percent, reflecting the recognition of revenue for Pavilion Square project. Going forward, the group intends to explore suitable investment opportunities in Singapore and the South East Asia region.
Yoma Strategic Holdings announced a 71.1 percent increase in FY15 net profit to $28.1 million. Revenue grew 10.4 percent to $110.9 million, due to higher revenue contribution by the automotive and tourism segments. Underpinned by upward property price trends in Myanmar, the group also recognised a revaluation gain of $22.8 million for two of its properties. Going forward, while the group is confident of the long-term prospects supported by continued urbanisation in Yangon, it will be taking a cautious approach amid increased supply and uncertainty over the outcome of the forthcoming elections.
More From Shares Investment:
