Company Briefs: Datapulse Technology

Datapulse Technology

Datapulse Technology's first quarter net profit rose by 150.5 per cent to $3.9 million.

Revenue for the three months to Oct 31 was up 31.6 per cent at $12.6 million, attributed mainly to higher level of business activities and new product launches by customers, leading to higher sales of Blu-Ray media storage products and services and card printing products and services.

This was partially offset by weaker sales for DVD media storage products and services.

Other income was higher due to higher interest income.

Earnings per share firmed to 0.59 cent from 0.26 cent previously, while net asset value per share climbed to 7.84 cents compared to 7.25 cents as at July 31.

Midas Holdings

Midas Holdings said its subsidiary, Jilin Midas Aluminium Industries, has secured four contracts totalling 72.5 million yuan (S$16 million) for the supply of aluminium alloy extrusion profiles for metro trains and airport rail trains in China and Malaysia.

The first contract, worth 31.9 million yuan, is for the Lanzhou Metro. The other two contracts are for the Nanchang Metro Line 2 and Wuhan Metro Line 2 - worth 20 million yuan and 11 million yuan, respectively.

The last supply contract, worth 9.6 million yuan, is for the KLIA Ekspres and KLIA Transit trains, which connect Kuala Lumpur city centre and the Kuala Lumpur International Airport.

All four contracts are awarded by Changchun Railway Vehicles, and slated for delivery in 2015 and 2016.

United Overseas Bank

UNITED Overseas Bank (UOB) has established an US$8 billion (S$11.3 billion) covered bond programme. The covered bonds issued will be backed by a selected portfolio of mortgage loans linked to properties in Singapore. They were assigned a provisional Aaa long-term rating by Moody's Investors Service.

The bonds are expected to be rated AAA by Standard and Poor's Ratings Services.

UOB group chief financial officer Lee Wai Fai said the bond programme will ensure that the bank maintains a solid funding base that can support its clients through business cycles.

A version of this article appeared in the print edition of The Straits Times on November 24, 2015, with the headline 'Company Briefs: Datapulse Technology'. Print Edition | Subscribe