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Today’s SGX Hot Stock List

14 Mar

Today_s SGX Hot Stock ListInstant beverage maker Viz Branz, which was privatised from less than four years ago, plans to relist again. The manufacturer and distributor of instant cereal and coffee under brands such as Gold Roast, Prime Roast, has lodged its preliminary prospectus earlier on Tuesday.

The company was first listed back in 2002 but following differences between its two key shareholders, one of them, Ben Chng, privatised the company for $121.3 million in September 2013.

For the three months ended Dec 31, 2016, the company generated earnings of $12.6 million on revenue of $45.3 million. In the year-earlier quarter, earnings came in at $7.1 million on revenue of $48.5 million.

The company is in talks to set up a joint venture in Myanmar and will be using part of the proceeds to fund this venture which includes a new production line. It is also aiming to deepen its market presence in China.

The company also plans to use $100 million proceeds from the listing to pare down debt owed to Maybank’s Singapore branch. Viz Branz has an existing $250 million term loan facility and a $10 million revolving credit facility with the bank.

This listing is jointly arranged by Maybank Kim Eng Securities and Credit Suisse (Singapore).

Singapore Hot Stock List:
ISR Capital
Alliance Mineral
YZJ Shipbldg SGD
HPH Trust USD

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Posted by on March 14, 2017 in Uncategorized

 

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