3Q16

SINGAPORE (Nov 14): Sakae Holdings reported 3Q16 losses nearly doubled to $3.1 million from a year ago as revenue fell 11.1% to $20.3 million driven by a sluggish economy and fiercer competition in the F&B sector.

SINGAPORE (Nov 14): Golden Agri-Resources has swung back into the black with 3Q16 earnings of US$219.7 million ($311 million), on the back of higher crude palm oil (CPO) prices and deferred tax benefit.

SINGAPORE (Nov 14): RHB is maintaining its “buy” call on Global Invacom with a target price of 25 cents after the satellite comms equipment provider reversed back into the black in 3Q.

SINGAPORE (Nov 11): Haw Par Corporation has posted 3Q16 earnings of $42.4 million, up 21.3% from $34.9 million a year ago due to higher gross margins and absence of one-off loss on disposal of available-for-sale financial assets in prior year.

SINGAPORE (Nov 11): United Engineers reported a 10% on-year rise in 3Q16 earnings to $11.6 million from continuing operations after the disposal of Multi-Fineline Electronix and its subsidiaries, driven by the surge in other income.

SINGAPORE (Nov 11): Wheelock Properties reported 3Q16 earnings more than doubled to $28.3  million from a year ago, driven by higher sales.

SINGAPORE (Nov 11): Maybank Kim Eng continues to keep its “hold” recommendation on City Developments Limited (CDL) with an unchanged target price of $9.42, after its 3Q16 results came in line with the research house’s expectations.

SINGAPORE (Nov 11): OCBC is maintaining its “hold” call on Delfi, the company which markets and distributes its own brand of chocolate confectionery products, with a fair value of $2.39, noting that revenue and earnings have improved, with the company

SINGAPORE (Nov 11): DBS Vickers Securities is reiterating its “buy” call on CapitaLand with a target price of $3.60, after the property group on Wednesday posted a 28% increase in 3Q earnings to $247.5 million.

SINGAPORE (Nov 10): Soup Restaurant, famous for its samsui ginger chicken, is paying a special dividend of 0.25 cent per share on Dec 15 after 3Q earnings more than trebled to $67,000 from $18,000 a year ago on lower expenses and higher sales.