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Stocks In Focus SG (Noble, Roxy Pacific, TPV Technology) – 20/03/15

Noble Group has been thrust into the radar screens of Asian companies with its 30 percent share-slump, its market value shrinking by US$1.8 billion since February where reports by Iceberg resulted in share prices dropping drastically. Despite a focused effort to stay independent, various accounting issues and falling prices are flushing out buyers.

Roxy-Pacific Holdings has acquired 40 percent stake in properties in Brisbane with a total land area of about 2,571 square metres for $35.6 million, prompting Voyage Research to raise its valuation for the stock from $0.73 to $0.74. The raise is attributed to the increase to the net development gain from the newly announced project of $12 million and increase in exposure to the stock. Company is estimated to produce a revenue of $220 million from property development each year, compared with $263.3 million (FY2014) and $321 million (FY2013).

TPV Technology posted a 2.4 percent drop in revenue to US$11.7 billion for the year ended 31 December 2014, mainly led by a decline in contributions from monitor and television sales. However, an overall reduction in overall expenditure, driven by a 12 percent and 13 percent reduction in selling and administrative expenses respectively, the company reversed losses and recognised a net profit of US$41.8 million. The company has declared a final dividend per share of US$0.00128.

Vertex Venture, Temasek’s venture capital arm, is investing in theAsianparent, bringing the online parenting platform’s total funding to a rough $4.5 million. Generating its revenue from custom advertising and market research, the platform has declined comments when asked if it was profitable at present. With the new endorsement, the platform will be extending its offerings to new markets India and Sri Lanka and a new target audience, fathers.



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