Soilbuild Construction Group Ltd
MANAGEMENT REPLY: Would it have had enough working capital without the IPO?
By Ashish Saxena on Saturday, 25 May 2013 The company has cash of S$11.7 mln, but net IPO proceeds of S$39.5 mln really just make up for S$46 mln in dividends paid just before the IPO, eroding almost entire working capital. 25/5/2013– Soilbuild Construction Group Ltd, as the name suggests, comes from the stable of formerly-SGX-listed Soi more...

OKP Holdings Limited
MANAGEMENT REPLY: What is the actual state of its order book?
By Ashish Saxena on Wednesday, 22 May 2013 Q1 FY13 came in below expectations but DBS Vickers and OCBC are remaining sanguine because of the order book. But can this be relied upon? Also, management clarifies its loan to China Sonangol. 22/5/2013–OKP Holdings Limited fears continued pressure on its margins due to highly competitive bids f more...

Silverlake Axis Ltd
Is there a need to stay in the low margin businesses?
By Kiran Rameshchandra on Tuesday, 21 May 2013 Brokers have turned more bullish on the stock but trading at more than 14x book value, value investors will be thinking twice. 21/5/2013 - Brokers have turned more optimistic on Silverlake Axis, after its Q3 FY13 results and a recent acquisition. Hence, DMG OSK Research reiterated its BUY call more...

StarHub Ltd
MANAGEMENT REPLY: Can it stop losing pay TV market share to mioTV?
By Kiran Rameshchandra on Saturday, 18 May 2013 Weak Q1 results and revised guidance has open doors for its share price to slide 18/5/2013 – Brokers have turned bearish on StarHub after revising their revenue outlook and because its rising share price has narrowed its dividend yield. The telco has revised its revenue guidance to low single- more...

Best World International Limited
How does it plan to deal with the crisis in Korea?
By Ashish Saxena on Friday, 17 May 2013 Q1 revenue fell 3.2% and it recorded a quarterly profit due to gain on disposal of properties. It sold two of its warehouses for S$2.96 mln in January. 17/5/2013 – Best World International Limited is cautiously optimistic of its business, and plans to set up a new 'RC' in Taipei by Q3. We assu more...