Rokko Warns of Net Loss in 1H2012
Rokko Holdings Limited Friday issued a profit guidance as the group is expected to report a net loss for 1H2012.
According to the company, the global semiconductor industry continues to be challenging during 1H2012 due to the economic uncertainty in the United States and Europe. The persistent uncertainty has resulted in an unfavourable impact on the group’s business in 1H2012, especially on its core Equipment and Leadframes divisions which serve the semiconductor industry.
Further details in respect of the group’s 1H2012’s financial results will be announced no later than 15 August 2012.
Rokko Holdings Limited closed Friday at S$0.081
Amplefield to Diversify into Property Development
Amplefield Limited Friday announced that the company intends to diversify into property investment, property development, construction and building materials.
“It is expected that the demand for hard disk drives and electronic products seems unlikely to return to the growth pattern that the group was accustomed to. Hence, the diversification into the business of property investment, property development, construction and building materials,” said the group in a statement.
The group also announced that it has entered into a conditional sale and purchase agreement to purchase 124,999 ordinary shares of YTC Global Sdn Bhd for a consideration of S$9.2 million.
The rationale behind the move was to reduce the group’s reliance on markets in USA, Europe and Japan, in view of the likelihood of the current prolonged economic slowdown in western and developed markets.
Amplefield Limited closed Friday at S$0.017
Saizen Secures New Loan
Saizen REIT Limited Friday announced that it has obtained a S$11.3 million (JPY700.0 million) loan from Mizuho Bank.
The loan is fully disbursed and is the third load the REIT had taken from Mizuho Bank.
Following the disbursement of the loan, Saizen REIT’s gearing and net gearing will be 32 per cent and 25 per cent respectively.
Saizen REIT Limited closed Friday at S$0.145
STX Books New Contracts
STX OSV Holdings Limited Friday announced that it secured new contracts worth S$105,562,000 (NOK500 million) for the construction of two Platform Supply Vessels (PSV) for Island Offshore.
Deliveries are scheduled from STX OSV Brevik in Norway in 4Q2013 and 2Q2014. The hulls of the vessels will be delivered from STX OSV Braila in Romania.
The vessels will be of Rolls-Royce’s UT 717 CD design. The overall length of each vessel will be 84.3 metres with a beam of 17 metres, and the deadweight will be approximately 3800 DWT.
STX OSV Holdings Limited closed Friday at S$1.490
Boustead Swells Orderbook
Boustead Singapore Limited Friday announced that it that its Energy-Related Engineering Division secured approximately S$20.0 million in contracts within the past month from the oil & gas industries globally.
The contracts involve the design, process engineering and construction of key largescale process systems and waste heat recovery units for downstream oil refineries and gas processing plants, and upstream offshore installations in Algeria, Bolivia, Canada, Hong Kong, Malaysia, Pakistan and Saudi Arabia.
Wong Fong Fui, Chairman and Group Chief Executive Officer of Boustead said, “The latest contracts from both new and repeat clients follow after S$35.0 million in contracts awarded to the division which we announced in March.”
Boustead Singapore Limited closed Friday at S$0.925
Dyna-Mac Acquires Majority Stake in Fabrication Yard Company
Dyna-Mac Holdings Limited Friday announced that it has entered into a share sale and purchase agreement with Paliy Marine Engineering Pte Ltd for the acquisition of 70 per cent of the paid-up registered capital of Paliy Marine Fabricator (Guangzhou) Ltd for S$3.8 million.
The target company operates a fabrication yard measuring approximately 100,000 square metres in Nansha District, Guangzhou City, China, with a seafront available for use.
Dyna-Mac Holdings Limited closed Friday at S$0.395