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Results
Tuan Sing posts 53% higher 1Q earnings of $8.2 mil on one-off divestment gain
SINGAPORE (Apr 27): Property firm Tuan Sing Holdings reported 1Q18 earnings of $8.2 million, up 53% from its restated earnings of $5.3 million a year ago, largely due to a one-off investment gain on divestment of a subsidiary.
April 27, 2018
Results
Yeo Hiap Seng 1Q earnings fall to $1.4 mil on absence of Super Group disposal gain
SINGAPORE (Apr 27): Drink manufacturer Yeo Hiap Seng saw its 1Q18 earnings decline to $1.4 million from $140 million a year ago.
April 27, 2018
Results
Tianjin Zhongxin Pharma's 1Q earnings rise 30% to $36.3 mil on higher margins
SINGAPORE (Apr 27): Tianjin Zhongxin Pharmaceutical Group announced earnings of RMB173.4 million ($36.3 million) for the first quarter ended March, up 30% from its 1Q17 earnings of $133.8 million a year ago on improved gross profit margins.
April 27, 2018
Broker's Calls
Starhill Global REIT overvalued despite underlying sector recovery: Maybank
SINGAPORE (Apr 26): Maybank Kim Eng continues to rate Starhill Global REIT (SG REIT) at “sell” as it finds the units overvalued given a weak Singapore core, despite the underlying sector recovery.
April 27, 2018
Broker's Calls
Far East Hospitality Trust off to a steady start despite soft corporate demand, say analysts
SINGAPORE (Apr 27): OCBC and CIMB are maintaining their “buy” and “add” calls on Far East Hospitality Trust (FEHT) with a fair value and target price of 73.5 cents and 79 cents, respectively, after its manager on Thursday announced a 1Q18 distribu
April 27, 2018
Tech
Facebook surges after sending upbeat message to Wall Street
SAN FRANCISCO (Apr 27): Facebook Inc.’s message for investors is clear: the business is healthy and growing.
April 27, 2018
Results
Yangzijiang Shipbuilding sees 1Q earnings fall 11% to $124.8 mil on lower margins & other losses
SINGAPORE (Apr 26): Yangzijiang Shipbuilding reported earnings of RMB595.1 million ($124.8 million) for the 1Q ended Mar 2018, down 11% from RMB667.7 million a year ago on lower margins and other losses booked over the quarter.
April 26, 2018
Results
AsiaPhos sinks into the red in 1Q on lower margins
SINGAPORE (Apr 26): AsiaPhos has reversed into the red in 1Q18 with a loss of $0.7 million for 1Q18 compared with earnings of $0.1 million a year ago on lower margins.
April 26, 2018
Results
Citic Envirotech's 1Q earnings more than double to $39.3 mil on higher revenue
SINGAPORE (Apr 26): Citic Envirotech (CEL) reported earnings of $39.3 million for the 1Q ended March 2018, more than doubling from its restated earnings of $16.4 million a year ago on higher revenue.
April 26, 2018
Broker's Calls
Can Suntec REIT count on improving retail revenue to drive its earnings up?
SINGAPORE (Apr 26): RHB and Maybank Kim Eng are maintaining their "hold” calls on Suntec REIT with target prices of $1.75 and $1.94 respectively, a day after the release of its latest 1Q18 results.
April 26, 2018