earnings

SINGAPORE (Nov 9): Electronics manufacturer Valuetronics Holdings posted record earnings of HK$50.8 million ($8.9 million) for 2Q18, up 33.5% from HK$38.1 million a year ago on higher revenue.

SINGAPORE (Nov 9): Singtel has announced earnings of $2.9 billion for the 2Q17 ended Sept, up threefold from $972.3 million in 2Q16 on gains from the divestment of 75.2% of its stake in NetLink Trust in July this year.

SINGAPORE (Nov 8): Malaysian glove producer UG Healthcare has announced earnings of $0.9 million for 1Q18, up 8.8% from $0.8 million a year ago on higher revenue.

SINGAPORE (Nov 8): The manager of EC World REIT, has announced a distribution per unit of 1.44 cents for the third quarter ended Sept – 3.7% lower than the forecast 3Q DPU of 1.496 cents.

SINGAPORE (Nov 8): Direct-seller Best World International has announced a 36.4% rise in earnings of $12.2 million for the three months ended Sept, up from $8.9 million a year ago on lower expenses.

SINGAPORE (Nov 8): Fraser and Neave (F&N) saw FY17 earnings soar to $1.3 billion compared to $108 million the year before led by fair value adjustment and exceptional items of $1.2 billion, which arose largely from the realisation of fair value adjustment

SINGAPORE (Nov 8): Broadway Industrial Group has swung back into the black in 3Q17 on higher revenue and lower expenses from cost-cutting initiatives.

SINGAPORE (Nov 8): RHB has downgraded its call on TalkMed Group to “neutral” from “buy” previously while raising its target price from 69 cents to 72 cents, which implies 29 times FY18F P/E.

SINGAPORE (Nov 8): DBS Vickers Securities is reiterating its “buy” call on Hi-P International with a higher target price of $2.30  from $1.67 previously after applying a 10% premium to peers’ P/E of 14 times on FY18F earnings projections.

SINGAPORE (Nov 8): ST Engineering posted a 67% increase in 3Q17 earnings of $128.4 million compared to $76.7 million a year ago due to the absence of a $61.1 million one-off charge incurred in 3Q16 for its Specialty Vehicle business in China.