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Stocks to watch: Keppel Corporation, Koda Limited

Monday, July 17, 2017 - 09:25

KEPPEL Seghers Belgium NV, a wholly owned subsidiary of Keppel Infrastructure Holdings Pte Ltd, has secured two contracts to provide incineration technology and services for the Beijing Fangshan District Circular Economy Industrial Park Waste-to-Energy (WTE) plant and the Hunan Yueyang Municipal WTE plant.

The two contracts are worth over S$20 million and have a total incineration capacity of 2,220 tonnes per day.

Keppel Corporation opened at S$6.430 on Monday, up five Singapore cents, or 0.78 per cent as at 9.15 am.

KODA Limited said in a business update announcement that its gross profit margin has risen to 27.7 per cent in FY2016 from 23.6 per cent in FY2014.

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On Monday, the company said that it has streamlined its operations since the 2008 global financial crisis by consolidating production facilities in Vietnam, relocating factories out of China, disposing the loss-making retail business in Vietnam, and disposing certain non-core assets for cash.

As a result of the revised business strategies and operational restructuring, the group reported a net profit of US$1.6 million for the fiscal year ended June 30, 2016, reversing losses in FY2014 and FY2015.

Koda opened at S$0.985 on Monday, up 3.5 Singapore cents, or 3.7 per cent, as at 9.13 am.

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