earnings

Results

IHH Healthcare reverses out of the red with 3Q earnings of $77.3 mil

SINGAPORE (Nov 29): IHH Healthcare posted earnings of RM236.3 million ($77.3 million) for 3QFY2019 ended September, reversing from losses of RM104.1 million a year ago.

Company in the news

Hiap Seng Engineering suspends trading as losses continue; engages consultant to undertake financial review, assessment

SINGAPORE (Nov 28): Hiap Seng Engineering before market open on Thursday called for a trading suspension, citing concerns over the group’s ability to operate as a going concern.

Results

Kimly posts 8.4% drop in FY19 earnings to $20.1 mil on higher expenses

SINGAPORE (Nov 27): Traditional coffeeshop operator Kimly saw its earnings fall 6.0% to $5.4 million for 4QFY2019 ended September, bringing full-year earnings to $20.1 million for FY2019, some 8.4% lower than the $21.9 million recorded a year ago.

Results

Jumbo posts 5.9% rise in FY19 earnings to $11.7 mil even as revenue stalls

SINGAPORE (Nov 27): Restaurant chain operator Jumbo Group reported a 5.9% increase in full-year earnings to $11.7 million for FY2019 ended September, from $11.0 million a year ago.

Results

ThaiBev posts 30% rise in FY19 earnings to $1.05 bil on higher revenue

SINGAPORE (Nov 25): Thai Beverage posted a 30% jump in full-year earnings to 23.27 billion baht ($1.05 billion) for FY2019 ended September, from 17.94 billion baht a year ago.

Broker's Calls

BRC Asia kept at 'add' by CGS-CIMB as FY19 earnings surge 162% to $31.6 mil

SINGAPORE (Nov 21): CGS-CIMB Research is keeping its “add” call on BRC Asia with an unchanged target price of $1.90 after the steel reinforcement solutions provider ended FY2019 with a bang.

Results

Singtel suffers first quarterly loss on $668 mil provision for Bharti Airtel's fine

SINGAPORE (Nov 18): Singapore Telecommunications recorded its first-ever quarterly loss — of $668 million — in 2QFY2020 as it made provisions for a huge fine levied on the Indian mobile industry by its regulator.

Results

Sembcorp posts 13% drop in 3Q earnings to $71 mil, dragged by poor-performing Sembmarine

SINGAPORE (Nov 14): Following a wider net loss incurred by its listed subsidiary Sembcorp Marine, Sembcorp Industries announced a weak set of results for 3Q19 ended Sept 30.

M&A

Yoma Strategic sinks to 2Q loss of $60 mil; announces deal to sell 20% stake to Ayala Corp

SINGAPORE (Nov 14): Yoma Strategic Holdings sank into the red with a net loss of US$44.2 million ($60.2 million) for 2Q20 ended September, compared to earnings of US$18.8 million a year ago.

Results

Yangzijiang Shipbuilding sees 10% drop in 3Q earnings to $136.3 mil

SINGAPORE (Nov 14): Mainboard-listed shipbuilder Yangzijiang Shipbuilding saw its earnings shrink 10% to RMB702.3 million ($136.3 million) in 3Q19 ended in September, from RMB778.6 million in 3Q18.
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