Inphyy Corner

Lippo Malls - Indonesia Retail Trust: 3Q13 results in-line

OCBC Investment Research

www.ocbcresearch.com/pdf_reports/company/LMIRT-131107-OIR.pdf

Wilmar - Singapore's Wilmar Q3 net profit rises 2.5 pct

Nov 7 (Reuters) - Singapore commodities firm Wilmar International Ltd said net profit for the third quarter rose 2.5 percent from a year earlier, as strong growth in its sugar business outweighed weakness in palm oil...

in.reuters.com/article/2013/11/07/wilmar...dINL3N0IS19720131107

Hyflux - profit surges 74% on water projects as revenue climbs

Written by Bloomberg
Thursday, 07 November 2013 20:20

Hyflux, Singapore’s largest publicly traded water company, reported a 74% rise in third-quarter earnings, buoyed by municipal projects in Asia.

Net profit was $25.3 million compared with $14.5 million for the year-earlier period, the company said today in a statement. Third-quarter revenue rose 26% to $187.7 million.

Completion of projects “markedly lifted growth” while the China market contributed 4% to total revenue in the quarter, a drop from 14% a year earlier. Hyflux also said it’s “actively pursuing desalination and water-recycling opportunities in the industrial water sector.”

Hyflux and Singapore’s national water agency PUB opened the city-state’s largest seawater reverse-osmosis desalination facility, Tuaspring, in September. Given the Dahej desalination project in India that’s on course for financial close in 2014 and Tuaspring’s completion, Hyflux said it anticipated a slower fourth quarter. The shares have fallen 8.6% this year.

Sino Grandness' Garden Fresh beverage brand valued At RMB3.5bil

Mainboard-listed Sino Grandness Food Industry Group, says its in-house beverage brand Garden Fresh has been valued at RMB3.5 billion ($714 million) by a panel of branding experts.

The certification was based on the brand valuation analysis of four indicators, namely, brand performance in the market, growth potential in brand value, quality control and level of efficiency.

The brand valuation exercise was jointly organised by Global Times, Asia Brand Association, National Development and Reform Commission as well as China Economic Herald.

Cosco - COSCO CORPORATION SECURES LETTER OF INTENT FOR 2 (TWO) ADVANCED SEMI-SUBMERSIBLE ACCOMMODATION VESSELS

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”)
wishes to announce that COSCO (Qidong) Offshore Co., Ltd, a subsidiary of the
Company's 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, has secured a Letter
of Intent from a subsidiary of Prosafe SE, a company listed on the Oslo Stock Exchange,
for the engineering, procurement and construction of 2 (two) semi-submersible
accommodation vessels with options for 4 (four) more units. The Letter of Intent covers
two potential contracts, each in excess of USD200 million.

The vessels will be of Gusto MSC Ocean 500 design and will be equipped with 500 beds,
DP3 station keeping systems, 10-point chain mooring and 300 ton cranes.

The vessels are scheduled for delivery in 2016.

The Company will make further announcements when the contracts are awarded or
rendered effective.

Save for their respective shareholdings in the Company, none of the directors or controlling
shareholders of the Company has any interest, direct or indirect in the contracts.

Barring any unforeseen circumstances, the Letter of Intent is not expected to have a
material impact on the net tangible assets and earnings per share of the Company for the
year ending 31 December 2013.

By Order of the Board
Wu Zi Heng
Vice Chairman and President
8 November 2013



info.sgx.com/webcoranncatth.nsf/VwAttach...tent.pdf?openelement

Raffles Education - records net loss of S$2.9m

Hurt by interest expense and forex losses.

Raffles Education Corporation Limited (Raffles Education Corp) reported a revenue of S$31.8 million and a loss of S$2.9 million respectively for its first quarter FY2014, ended 30 September 2013 (FY2014Q1).

Revenue for FY2014Q1 decreased 3% from S$32.8 million a year ago to S$31.8 million as the Group continues to experience a decline in PRC revenues, albeit at a slower rate, the company said in a release. FY2014Q1 recorded a net loss of S$2.9 million as the Group took in costs related to the consolidation of non-viable operations in addition to interest expense of S$2.7 million and a net foreign exchange loss of S$1 million.

Without the effects of the interest expense and foreign exchange losses, the Group said it would have achieved breakeven notwithstanding the costs it incurred to streamline its operations.

Chew Hua Seng, Chairman and CEO of Raffles Education Corp, said, “The Group will continue to reposition and implement new strategies in PRC even as our geographic diversification and expansion strategies in Ex-PRC continue to bring forth positive results."

Net cash generated from operations amounted to S$20.6 million this quarter, reflecting the strength of operations. Cash and cash equivalents as at FY2014Q1 amounted to S$101.4 million.