2Q results

SINGAPORE (Aug 14): Olam International says 2Q18 earnings dropped by 36.4% to $93.9 million, compared to $147.7 million in 2Q17.

SINGAPORE (Aug 13): Cityneon Holdings reported 2Q18 earnings more than doubled to $9.01 million compared to the 2Q17 restated earnings of $4.20 million, mainly due to lower cost of sales and income tax credit recognised during the quarter.

SINGAPORE (Aug 13): ESR-REIT announced 2Q18 DPU increased by 4.7% to 1.001 cents from 0.956 cent in 2Q17 on higher net property income (NPI) and distributions from gains relating to past divestments.

SINGAPORE (Aug 12): Hong Leong Finance reported 2Q18 earnings increased by 41.7% to $29.6 million, compared to $20.9 million.

SINGAPORE (Aug 12): Ho Bee Land saw its earnings jump to $71.5 million for the 2Q ended June, nearly doubling from earnings of $36.1 million a year ago.

SINGAPORE (Aug 10): RHB is maintaining its “buy” recommendation on ST Engineering with a lowered target price of $3.97.

SINGAPORE (Aug 9): Singapore Technologies Engineering (ST Engineering) saw its earnings grow 10% to $117.5 million for the 2Q ended June, from $106.8 million a year ago.

SINGAPORE (Aug 9): SBS Transit announced that its 2Q18 earnings have increased by 52.9% to $19.4 million, compared to $12.7 million in 2Q17.

SINGAPORE (Aug 8): DBS is maintaining its “buy” recommendation on Riverstone Holdings as the research house believes the group can outperform its peers as it ramps up on its incoming cleanroom glove capacities.

SINGAPORE (Aug 7): Real estate services provider APAC Realty, which owns ERA Realty Network, saw its earnings fall 9.3% to $7.7 million for the 2Q18 ended June, from $8.5 million a year ago.