Singapore
Wired Daily
Page 2
TRIYARDS Holdings, a unit of Ezra Holdings, has been
granted conditional eligibility to list on the mainboard of
SGX. The listing is by way of introduction, whereby Ezra is
proposing to distribute TRIYARDS shares by way of dividend
in specie to Ezra shareholders. Ezra proposes to distribute
33% of TRIYARDS’ issued shares, or up to 107.2m shares, on
the basis of one TRIYARDS share for every 10 Ezra shares.
Ezra will retain a majority control of 67% in TRIYARDS after
the proposed distribution. TRIYARDS, the engineering and
fabrication unit of Ezra, makes offshore equipment, including
self-elevating units and platforms.
Silverlake Axis reported FY12 (June YE) net profit of
RM162m (+41% YoY), 3% ahead of our RM157m estimate.
The company announced final quarterly DPS of 0.8 Scts,
bringing full year DPS to 1.9Scts (+65% YoY) ahead of our
1.5Scts estimate. It translates to 4.7% dividend yield on full
year basis. We continue to like the company as next two
years revenue is already contracted and the company
continues to bid for newer contracts on top of that.
Quarterly dividends are lucrative too. Will provide more
update after meeting with the management.
KS Energy, together with its Joint Operation partner
Pertamina Drilling Services Indonesia, has entered into an
agreement to deploy a jack-up drilling rig to Indonesia’s West
Madura oilfield located offshore of Java, for drilling
operations. The total value of the 1 year contract plus 1 year
option is US$87.6m (assuming the 1 year option is exercised)
and the operation is expected to commence in 4Q2012.
CWT and the operator of Lianyungang Bonded Logistics Hub,
have entered into a MOU for further collaboration at the Hub
to help serve customers better and the Lianyungang port to
increase its level of throughput.
Singapore’s manufacturing recorded its slowest year-on-year
growth in three months as July's output fell sharply from
June's levels. Weak demand for semiconductor exports and
maintenance shutdowns of petroleum plants weighed down
industrial production, which grew just 1.9% y-o-y. This was a
marked slowdown from June's 8% y-o-y growth and missed
by a wide margin the 6.7% market estimates. Excluding
biomedical manufacturing, output fell 0.4% y-o-y. The
typically volatile pharmaceuticals did less to prop up overall
production last month, growing just 13.2% y-o-y, far slower
than June's 69% growth. Electronics, which accounts for a
third of manufacturing, shrank a deeper 5.8% y-o-y in July
compared with the 5% contraction in June. Though the
infocomms and consumer electronics segment grew 10.6%
y-o-y, this was offset by a 9.8% contraction in
semiconductors and 7% pull-back in data storage. On a m-om
basis, industrial output plunged 9.1%. Excluding
biomedical output, the drop would have been a smaller
4.2%.
Share Buy-Back
Company D.O.T . Buy /Sell No.of shares S$/shr
CDW Holding Limited 24-Aug-12 Share Buy-Back 100,000 0.0930
Hisaka Holdings 24-Aug-12 Share Buy-Back 1,407,000 0.3221
Macquarie Int'l Infra Fund Ltd 24-Aug-12 Share Buy-Back 505,000 0.5270
Overseas-Chinese Banking Corp 24-Aug-12 Share Buy-Back 100,000 9.2700
Second Chance Properties Ltd 24-Aug-12 Share Buy-Back 608,000 0.3900
Wee Hur Holdings Ltd 24-Aug-12 Share Buy-Back 2,170,000 0.2800
Global Testing Corporation Ltd 23-Aug-12 Share Buy-Back 1,467,000 0.0600
Golden Ocean Group Limited 23-Aug-12 Share Buy-Back 25,000 NOK 4,00
Koh Brothers Group Limited 23-Aug-12 Share Buy-Back 50,000 0.2050
Overseas-Chinese Banking Corp 23-Aug-12 Share Buy-Back 100,000 9.3400
San Teh Limited 23-Aug-12 Share Buy-Back 484,000 0.2900
Second Chance Properties Ltd 23-Aug-12 Share Buy-Back 999,000 0.3900
Viking Offshore and Marine Ltd 23-Aug-12 Share Buy-Back 36,000 0.1080
Wee Hur Holdings Ltd 23-Aug-12 Share Buy-Back 152,000 0.2800
Global Testing Corporation Ltd 22-Aug-12 Share Buy-Back 200,000 0.0600
Golden Ocean Group Limited 22-Aug-12 Share Buy-Back 86,489 NOK 4,00
HG Metal Manufacturing Ltd 22-Aug-12 Share Buy-Back 1,300,000 0.0800
Koh Brothers Group Limited 22-Aug-12 Share Buy-Back 124,000 0.2050
KSH Holdings Limited 22-Aug-12 Share Buy-Back 110,000 0.2253
Overseas-Chinese Banking Corp 22-Aug-12 Share Buy-Back 100,000 9.3200
Second Chance Properties Ltd 22-Aug-12 Share Buy-Back 2,000,000 0.3900
Viking Offshore and Marine Ltd 22-Aug-12 Share Buy-Back 150,000 0.1070
Wee Hur Holdings Ltd 22-Aug-12 Share Buy-Back 229,000 0.2800
Golden Ocean Group Limited 21-Aug-12 Share Buy-Back 4,183,673 NOK 4,00
Hisaka Holdings 21-Aug-12 Share Buy-Back 2,503,000 0.3272
Overseas-Chinese Banking Corp 21-Aug-12 Share Buy-Back 100,000 9.3900
Pan-United Corporation Ltd 21-Aug-12 Share Buy-Back 122,000 0.6200
Second Chance Properties Ltd 21-Aug-12 Share Buy-Back 610,000 0.3900
Viking Offshore and Marine Ltd 21-Aug-12 Share Buy-Back 150,000 0.1080
Source: SGX Masnet