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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.
September 27, 2017
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
September 21, 2017
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.
September 13, 2017
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.
September 07, 2017
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.
August 29, 2017
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.
August 29, 2017
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
August 28, 2017
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.
August 25, 2017
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
August 24, 2017
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.
August 23, 2017