Here are some stocks to watch this Tuesday morning.
Fraser and Neave ( Valuation: 1.30, Fundamental: 2.10) confirmed it is interested in acquiring the Peroni and Grolsch beer brands. F&N was referring to the article published by Reuters on Monday, entitled “Thai Bev says F&N bids for Peroni, Grolsch beer brands”. However, F&N insists there is no certainty of any transaction materialising. F&N closed 2.31% higher at $1.99 on Monday.
SMRT Corp ( Valuation: 1.10, Fundamental: 1.05) recorded a 63.5% jump in earnings to $36.9 million for 3Q ended December from a year ago, owing to an improved performance from its non-rail businesses. Revenue rose 4.6% to $327.6 million on the back of the revenue growth from all of its businesses. SMRT shares closed 0.36% lower at $1.38 on Monday.
Keppel ( Valuation: 2.40, Fundamental: 1.30) Offshore & Marine, a unit of Keppel Corp, said repeat client, Gulf Drilling International (GDI), has renewed options for two more rigs after taking delivery of the third in a series of jack-up drilling units from Keppel Fels. The options are for two more repeat KFels B Class rigs for deliveries in 2018 and 2019, says Keppel O&M. Keppel fell 4.18% to $4.81 on Monday.
Ascott Residence Trust ( Valuation: 2.70, Fundamental: 1.15)'s distribution per unit (DPU) fell 4% to 2.07 cents in the 4Q15 ended Dec, from 2.16 cents a year ago. But if the one-off item of about $6.1 million in 4Q14 was excluded, DPU would have risen by 18% to 2.07 cents from 1.76 cents. Revenue leapt 26% to $119.2 million from $95 million previously. Ascott REIT ended flat at $1.10 on Monday.
Mapletree Logistics Trust ( Valuation: 3.00, Fundamental: 0.85) posted a DPU of 1.87 cents for 3Q ended December, unchanged from a year ago. Income available for distribution rose 0.6% to $46.5 million, due to a partial distribution of the $1.5 million gain on divestment of 134 Joo Seng Road and 20 Tampines St 92. MLT’s units closed 1.09% lower at 91 cents.
Nera Telecommunications ( Valuation: 1.50, Fundamental: 2.10) said its subsidiary has won a $10 million contract to supply a turnkey television transmission system for a television station network in South East Asia. The contract is expected to be booked in 1Q. NeraTel shares closed 1.6% lower at 60 cents.
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Fraser and Neave ( Valuation: 1.30, Fundamental: 2.10) confirmed it is interested in acquiring the Peroni and Grolsch beer brands. F&N was referring to the article published by Reuters on Monday, entitled “Thai Bev says F&N bids for Peroni, Grolsch beer brands”. However, F&N insists there is no certainty of any transaction materialising. F&N closed 2.31% higher at $1.99 on Monday.
SMRT Corp ( Valuation: 1.10, Fundamental: 1.05) recorded a 63.5% jump in earnings to $36.9 million for 3Q ended December from a year ago, owing to an improved performance from its non-rail businesses. Revenue rose 4.6% to $327.6 million on the back of the revenue growth from all of its businesses. SMRT shares closed 0.36% lower at $1.38 on Monday.
Keppel ( Valuation: 2.40, Fundamental: 1.30) Offshore & Marine, a unit of Keppel Corp, said repeat client, Gulf Drilling International (GDI), has renewed options for two more rigs after taking delivery of the third in a series of jack-up drilling units from Keppel Fels. The options are for two more repeat KFels B Class rigs for deliveries in 2018 and 2019, says Keppel O&M. Keppel fell 4.18% to $4.81 on Monday.
Ascott Residence Trust ( Valuation: 2.70, Fundamental: 1.15)'s distribution per unit (DPU) fell 4% to 2.07 cents in the 4Q15 ended Dec, from 2.16 cents a year ago. But if the one-off item of about $6.1 million in 4Q14 was excluded, DPU would have risen by 18% to 2.07 cents from 1.76 cents. Revenue leapt 26% to $119.2 million from $95 million previously. Ascott REIT ended flat at $1.10 on Monday.
Mapletree Logistics Trust ( Valuation: 3.00, Fundamental: 0.85) posted a DPU of 1.87 cents for 3Q ended December, unchanged from a year ago. Income available for distribution rose 0.6% to $46.5 million, due to a partial distribution of the $1.5 million gain on divestment of 134 Joo Seng Road and 20 Tampines St 92. MLT’s units closed 1.09% lower at 91 cents.
Nera Telecommunications ( Valuation: 1.50, Fundamental: 2.10) said its subsidiary has won a $10 million contract to supply a turnkey television transmission system for a television station network in South East Asia. The contract is expected to be booked in 1Q. NeraTel shares closed 1.6% lower at 60 cents.
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