earnings

Broker's Calls

Dairy Farm started at ‘buy’ as a proxy to the North Asian consumer boom

SINGAPORE (Sept 27): Phillip Capital is initiating coverage of Dairy Farm International at “buy” with a target price of US$9.89 ($13.41), given the Pan-Asian retailer is a proxy to the North Asian consumer boom.

Results

Datapulse FY17 earnings triple to $3 mil on one-off gain

SINGAPORE (Sept 21): Datapulse Technology, the Mainboard-listed producer of digital storage media in the Asia Pacific region, saw FY17 earnings more than triple to $3 million from $0.9 million a year ago on lower expenses and a one-off gain over the finan

Investing strategies

What to look for in equity markets as the business cycle ages

SINGAPORE (Sept 13): With the emergence of renewed geopolitical tensions, the upward incline of equity markets have come to a halt in August, even after a strong earnings season for 2Q.

Aviation & Engineering

How Gulf carriers are adapting their business in turbulent times

SINGAPORE (Sept 7): After enjoying a decade of unrivalled growth and earnings stability, the Middle East’s “super-connectors” – Emirates, Etihad Airways and Qatar Airways – have hit some serious turbulence this year.

Results

TMC Education’s FY17 losses narrow 90.7% to $0.5 mil

SINGAPORE (Aug 29): TMC Education Corporation has announced a loss of $547,000 for the full year ended June, representing a 90.7% improvement from the $5.9 million loss it reported in FY16.

Broker's Calls

6 growth drivers for Guocoland in FY18 and beyond

SINGAPORE (Aug 29): CIMB Research is maintaining its “add” recommendation on property developer Guocoland with a higher price target of $2.77 from $2.59 previously.

Results

Grand Banks Yachts posts 73.6% fall in FY17 earnings to $0.5 million

SINGAPORE (Aug 28): Grand Banks Yachts, the manufacturer and retailer of luxury motor yachts, has announced a net profit of $0.5 million for the full year ended June, representing a 73.6% decline from its $2 million in earnings for FY16 on a surge in expe

Broker's Calls

Wing Tai to enjoy Malaysia privatisation gains from FY18 onwards: CIMB

SINGAPORE (Aug 25): CIMB Research is maintaining its “add” recommendation on Wing Tai Holdings while lifting its target price to $2.32 from $2.05 previously, which is pegged at a 35% discount to  a revalued net asset value (RNAV) estimate of $3.57.

Results

Wing Tai posts near-trebling of FY17 earnings to $20.1 mil

SINGAPORE (Aug 24): Property group Wing Tai Holdings has announced earnings of $20.1 million for the FY17 ended June, nearly triple from its earnings of $7.1 million in FY16 on lower distribution expenses and increased share of profits of associated and j

Results

Raffles Education swings back into the black in FY17 on reversal of tax payable

SINGAPORE (Aug 23): Raffles Education Corporation posted earnings of $627,000 for FY17 ended June, a reversal from the $21.1 million loss in FY16.
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