1Q20 results

Results

Great Eastern's earnings plunge 90% to $33.9m in 1Q20

Great Eastern Holdings, a member of the OCBC Group, saw its earnings plunge 90% to $33.9 million y-o-y for 1Q2020 ended March.

Results

UOB posts 19% fall in 1Q20 earnings to $855 mil, doubles impairment charges due to 'weak macro conditions'

UOB Group reported net earnings of $855 million, down 19% y-o-y for 1Q2020 ended March, on declining interest rates and higher credit costs.
OUE C-REIT’s 1Q2020 distributable income increases 44.5% y-o-y to $37.6 mil

Results

OUE C-REIT's 1Q2020 distributable income increases 44.5% y-o-y to $37.6 mil

The manager of OUE Commercial REIT (OUE C-REIT) has declared a distributable income of $37.6 million for 1Q2020 ended March, a 44.5% increase y-o-y from last year’s $26.0 million.

Results

DBS increases provision but keeps 1Q dividend at 33 cents

DBS Group Holdings reported record earnings of $2.47 billion, up 20% y-o-y, as total income grew 13% to a new high of $4.03 billion for 1Q2020 ended March.

Broker's Calls

Asian Pay Television Trust upgraded to 'buy' on improved revenue and stable business operations: Phillip Capital

Phillip Capital is upgrading Asian Pay Television Trust (APTT) to a “buy” with a revised target price of 15 cents from 16.5 cents previously.

Results

Raffles Medical posts 45.5% lower 1Q earnings of $7.5 mil on Covid-19 impact in China, Hong Kong

Raffles Medical Group (RMG) has announced earnings of $7.5 million for 1Q2020 ended March, down 45.4% y-o-y from $13.7 million.
Mapletree Logistics Trust posts 1.2% rise in 4Q DPU to 2.048 cents, warns of impending Covid-19 uncertainties

Results

Mapletree Logistics Trust posts 1.2% rise in 4Q DPU to 2.048 cents, warns of impending Covid-19 uncertainties

This brings the REIT’s full-year DPU to 8.142 cents, a 2.5% increase from the previous year’s DPU of 7.941 cents.

Results

Hour Glass posts 19% increase in 1Q earnings to $17.1 mil

SINGAPORE (Aug 7): Luxury watch retailer The Hour Glass posted 1Q20 earnings of $17.1 million, up 19% from $14.3 million for the same quarter last year.
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