1Q17 results

SINGAPORE (May 4): OCBC Investment Research is reiterating its “buy” recommendation on Sheng Siong Group (SSG) with a fair value estimate of $1.15, after the supermarket chain operator’s recent set of 1Q17 results came in line with the research hous

SINGAPORE (May 4): RHB is maintaining its “buy” call on Breadtalk Group with a higher target price of $1.60 on margins improvements for all three of its business and a special dividend.

SINGAPORE (May 3): Breadtalk reported 1Q earnings more than quadrupled to $10.7 million from a year ago as margins rose to 7.2% from 1.6% on lower expenses and costs.

SINGAPORE (May 3): Sembcorp Industries saw earnings grow 11.3% to $119.1 for the 1Q ended March, from $107.0 million a year ago.

SINGAPORE (May 2): DBS Group reported 1Q net profit rose to a record $1.21 billion, up 1% from a year ago on record fee income.

SINGAPORE (April 28): Supermarket chain Sheng Siong Group posted earnings of $17.1 million for the first quarter ended March 31, rising 4.4% from $16.4 million a year ago.

SINGAPORE (April 28): Venture Corporation saw earnings grow 35.6% to $48.6 million in the first quarter ended March 31, from $35.8 million a year ago.

SINGAPORE (April 28): Tianjin Zhongxin Pharmaceutical reported a 12% rise in 1Q earnings to RMB 133.7 million ($27 million) from a year ago.

SINGAPORE (April 28): Jardine Cycle & Carriage posted earnings of US$210 million ($297 million) in the first quarter ended March 31, 50% higher than the US$141 million recorded a year ago.

SINGAPORE (April 28): IndoAgri, the integrated agribusiness group and manufacturer of leading brands of edible oils and fats products in Indonesia, reported 1Q17 earnings rose 79.6% to Rp 171 billion ($18 million) from Rp 95 billion a year ago.