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Stocks to watch: EMAS Offshore, KTL Global, Stratech, Ellipsiz
STOCKS to look out for on Tuesday early trading could include EMAS Offshore, KTL Global, Stratech and Ellipsiz.
EMAS Offshore Limited reported on Tuesday morning a net profit of US$9.7 million in the second quarter ended Feb 28, from US$4 million in the same quarter last year, thanks to foreign exchange gains and gain on disposal of an anchor handling tug (AHT).
But revenue posted by the offshore marine company fell 10 per cent year on year to US$60.9 million due to weakness in both the shallow water anchor handling, towing and supply vessels (AHTS) and shallow water platform support vessels (PSV) segments.
KTL Global gave corporate updates following a review of its businesses. These include streamlining its internal and operating efficiencies that will involve a significant relocation of operations from Singapore to Johor, scaling up the value chain, deepening its presence in existing markets and entering new ones.
The Stratech Group, the new listing entity that emerged following the recently completed restructuring of Stratech Systems, said on Monday that it is eyeing overseas markets to drive growth. The group, which recently clinched a FOD (foreign object and debris) detection system contract for Hong Kong International Airport, also singled out the US as a potential growth market.
Trading interest could still continue for semiconductor testing firm Ellipsiz Ltd, which disclosed on Monday that its chief executive officer sold most of his stake to David Lum Kok Seng, the managing director of construction firm Lum Chang Holdings. The latter has become the company's largest shareholder with a 20.44 per cent stake; the stake of Ellipsiz CEO Chan Wai Leong fell from 19.79 per cent to 1.7 per cent.