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earnings
Broker's Calls
mm2 Asia remains a 'buy' for Maybank despite reduced forecasts on non-operational leakage
SINGAPORE (Feb 21): Maybank Kim Eng is maintaining its “buy” call on mm2 Asia while lowering its target price on the stock to 34 cents from 57 cents previously, after cutting 2019-21E core profit forecasts by 48%, 12% and 9%, respectively.
February 21, 2019
Results
CityDev ends FY18 with record revenue despite 4Q decline; recommends special 6 cents dividend
SINGAPORE (Feb 21): City Developments recorded earnings of $77.9 million for 4Q18, down 54.7% from $171.9 million a year ago on lower revenue and higher expenses.
February 21, 2019
Results
CSE Global swings back into the black with 4Q earnings of $4.9 mil; proposes 1.5-cent final dividend
SINGAPORE (Feb 20): Technologies company CSE Global declared earnings of $4.9 million for the 4Q ended December, reversing back into profitability from its restated loss of $39.1 million due to improved margins.
February 20, 2019
Broker's Calls
Upside potential for Kimly limited despite reasonable valuations, says RHB
SINGAPORE (Feb 20): RHB Research is maintaining “neutral” on Kimly Limited with a lower target price of 24 cents after lowering FY19F PATMI by 5% and says it sees limited potential upside to the stock despite its reasonable valuations.
February 20, 2019
Results
China Everbright Water reports 32% y-o-y higher FY18 earnings of $116.5 mil on revenue surge
SINGAPORE (Feb 20): China Everbright Water has announced FY18 earnings of HK$676.5 million ($116.5 million), growing 32% y-o-y from HK$513.4 million a year ago on the back of higher revenue.
February 20, 2019
Broker's Calls
Sasseur REIT's strong earnings momentum to continue into FY19: Maybank
SINGAPORE (Feb 20): Maybank Kim Eng is maintaining its “buy” call on Sasseur REIT while leaving its forecasts and target price of 90 cents unchanged.
February 20, 2019
Results
CapitaLand posts 71.2% higher 4Q earnings of $476 mil; proposes 12-cent dividend for FY18
SINGAPORE (Feb 20): CapitaLand Limited reported 4Q18 earnings of $475.7 million, up 71.2% on-year from its restated earnings of $277.8 million due to better operating performance, as well as higher gains from asset recycling and revaluation of investment
February 20, 2019
Results
BreadTalk's FY18 earnings fall 29.9% to $15.2 mil in absence of TripleOne Somerset divestment gain
SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year.
February 19, 2019
Results
Singapore Medical Group reports 17.2% higher 4Q earnings of $2.9 mil on revenue growth
SINGAPORE (Feb 19): Singapore Medical Group (SMG) posted a 17.2% rise in 4Q18 earnings to $2.9 million from $2.5 million a year ago, driven by increased revenue contributions from the health and diagnostic & aesthetic business segments.
February 19, 2019
Results
Challenger announces 22% higher FY18 earnings of $19.5 mil; proposes 2-cent final dividend
SINGAPORE (Feb 15): Challenger Technologies has concluded FY18 with $19.5 million in earnings, up 22% from $16 million in FY17 due to higher gross profit and lower operating expenses.
February 15, 2019