NRA Capital says Trendlines is worth more than meets the eye

SINGAPORE (Nov 27): NRA Capital has found 11 “hidden gems” within Trendlines’ portfolio and derived a higher valuation of US$139 million ($187 million) or 22.5 cents per share.

Currently, Trendlines trades at 15 cents or 0.73 times book value and 14.6 times FY18 earnings, meaning the full upside of potential exits has not been priced in.

In a Monday report, analyst Liu Jinshu says NRA have identified 11 high confidence portfolio companies with high growth promise which could be sold off.

Trendlines 2Q turns profitable compared to a year ago

SINGAPORE (Aug 7): Trendlines, the investor, incubator and developer of early-stage, high-medical and agricultural technology companies in Israel, has reported 2Q earnings of US$2.4 million compared to a loss of US$4.6 million a year ago.

This came after total income swung to a gain of US$5.4 million from a loss of US$2.9 million.

Trendlines’ FY16 losses double to $9.4 mil

SINGAPORE (Feb 22): The Trendlines Group, an Israeli-based company focused on developing technology-based companies in the medical and agricultural fields, posted full-year loss of US$6.6 million ($9.4 million), double from its loss of US$3.3 million declared in the previous year.

For the year ended Dec 31, the group received a total income of US$0.1 million as compared to US$9.9 million in FY15 despite noting a strong rise in revenue from Trendlines Labs to US$1.14 million from US$0.4 million in the previous year.

Ascendas India Trust, Fragrance, Cordlife, Jumbo, Trendlines

SINGAPORE (Feb 1): Here are some stocks that could move the market this Wednesday morning.

Ascendas India Trust reported a DPU of 1.42 cents for 3Q17, a 5% increase from 3Q16. Total property income rose 7% to IDR 1.9 billion ($201,000) in the quarter, thanks to additional income from recently acquired CyberVale 3. Shares in Ascendas India Trust closed at $1.05.

See: Ascendas India Trust posts 1.42 cents DPU for 3Q

SPH, GKE, CNMC, Hwa Hong, Trendlines, Dasin

SINGAPORE (Jan 16): Here are some stocks that could move the market this Monday morning:

Singapore Press Holdings posted earnings of $45.8 million in 1Q17 ended Nov 30, 2016, a decline of 43.8% from earnings of $81.3 million a year ago. This was mainly attributed to a 28.5% drop in operating profit to $70.8 million due to charges of $15.9 million arising from the media business review and impairment of an associate. SPH closed 4 cents higher at $3.69 on Friday.

B.Braun acquires 20.74% stake in Trendlines Medical Singapore

SINGAPORE (Dec 21): Trendlines Group has entered an agreement with B. Braun, the German medical device company, for the latter to become a 20.74% minority shareholder in the group’s wholly-owned subsidiary, Trendlines Medical Singapore.

Trendlines will remain the majority shareholder holding the remaining 79.26% stake in the company, which is valued at $2.5 million.

Trendlines’ medical portfolio company raises US$2.25 mil in financing

SINGAPORE (Dec 7): Gordian Surgical, a medical portfolio company of Trendlines Group, has completed a recent financing round of US$2.25 million ($3.2 million).

The investment round was led by B. Braun, the German medical device company, with €1 million ($1.52 million).

In a Wednesday joint release between Trendlines Group, B. Braun and Gordian, the companies share that the remainder of funds raised came from current shareholders and three venture capital funds, two of which are Chinese funds.

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