Here are some stocks to watch this Friday morning.
OLAM International has secured a revolving credit facility aggregating US$650 million ($884 million). This consists of two tranches of US$325 million each, a 364-day revolving credit facility and a two-year revolving credit facility. Proceeds from the facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the company. OLAM closed at $1.74.
CapitaLand Commercial Trust (CCT) has declared a distribution per unit (DPU) of 2.19 cents for 1Q 2016. This is 3.3% above the 1Q 2015 DPU of 2.12 cents. Based on the annualised 1Q 2016 DPU and CCT’s closing price per unit of $1.42 on Thursday, CCT’s distribution yield is 6.2%. The trust’s distributable income of $64.8 million in 1Q16 was 3.3% higher than the $62.7 million achieved in 1Q15. Units of CCT closed 0.35% lower at $1.42.
Keppel Telecommunications & Transportation (Keppel T&T) said net profit for first quarter fell 15.6% to $13.31 million due to higher taxation and lower non-controlling interests. Revenue came in 0.7% higher at $48.27 million from $47.93 million one year ago. The stock closed at $1.40.
Oxley Holdings has agreed to sell 241 units at Plot 21 of the Royal Wharf Development in London for £59.9 million ($115.6 million). The buyers have paid £1.8 million of the consideration amount, and will pay the remainder upon completion of Plot 21, which is expected to be in the fourth quarter of 2018. The sale was carried out by Oxley's wholly owned unit Oxley Wharf Property 2. The stock closed at 42.5 cents.
EMAS Offshore, the offshore support and production services of Ezra, posted a net loss after tax of US$140.5 million ($191 million) for the second quarter ended February, from a net profit of $9.7 million a year ago. Revenue for the quarter dropped 50% to US$30.5 million. This, said the company, was mainly due to general weakness in the offshore industry. The shallow water platform support vessels and anchor handling, towing and supply vessels segment continues to remain weak. The stock last closed at 12 cents.
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OLAM International has secured a revolving credit facility aggregating US$650 million ($884 million). This consists of two tranches of US$325 million each, a 364-day revolving credit facility and a two-year revolving credit facility. Proceeds from the facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the company. OLAM closed at $1.74.
CapitaLand Commercial Trust (CCT) has declared a distribution per unit (DPU) of 2.19 cents for 1Q 2016. This is 3.3% above the 1Q 2015 DPU of 2.12 cents. Based on the annualised 1Q 2016 DPU and CCT’s closing price per unit of $1.42 on Thursday, CCT’s distribution yield is 6.2%. The trust’s distributable income of $64.8 million in 1Q16 was 3.3% higher than the $62.7 million achieved in 1Q15. Units of CCT closed 0.35% lower at $1.42.
Keppel Telecommunications & Transportation (Keppel T&T) said net profit for first quarter fell 15.6% to $13.31 million due to higher taxation and lower non-controlling interests. Revenue came in 0.7% higher at $48.27 million from $47.93 million one year ago. The stock closed at $1.40.
Oxley Holdings has agreed to sell 241 units at Plot 21 of the Royal Wharf Development in London for £59.9 million ($115.6 million). The buyers have paid £1.8 million of the consideration amount, and will pay the remainder upon completion of Plot 21, which is expected to be in the fourth quarter of 2018. The sale was carried out by Oxley's wholly owned unit Oxley Wharf Property 2. The stock closed at 42.5 cents.
EMAS Offshore, the offshore support and production services of Ezra, posted a net loss after tax of US$140.5 million ($191 million) for the second quarter ended February, from a net profit of $9.7 million a year ago. Revenue for the quarter dropped 50% to US$30.5 million. This, said the company, was mainly due to general weakness in the offshore industry. The shallow water platform support vessels and anchor handling, towing and supply vessels segment continues to remain weak. The stock last closed at 12 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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