financial statement

Results

Hotung's 3Q earnings grow 11% to $4.2 mil on lower impairment losses and expenses

SINGAPORE (Nov 8): Hotung Investment Holdings announced earnings of NT$93.2 million ($4.2 million) for the third quarter ended Sept, up 11% from NT$84.2 million a year ago.

Results

Broadway Industrial swings back to profitability with $0.4 mil earnings

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

Results

Kitchen Culture remains in the red with $6.4 mil loss for FP17

SINGAPORE (Aug 30): Kitchen Culture, the distributor of high-end kitchen systems, announced a loss of $6.4 million for the full 18 months ended June compared to a loss of $5.3 million in FY15 ended Dec.

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.

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.

Results

Hengxin Technology reports 35.8% rise in 1H earnings to $14 mil

SINGAPORE (Aug 17): Hengxin Technology, the manufacturer of radio frequency (RF) coaxial cables for mobile communications in China, has announced interim earnings of RMB68.6 million ($14 million) for the 1H17 ended June, up 35.8% from RMB50.5 million in 1

Broker's Calls

After a strong quarter, Midas is set to go full speed ahead in 2H

SINGAPORE (Aug 16): DBS Vickers Securities is maintaining its “buy” recommendation on Midas Holdings, the manufacturer of aluminium alloy extrusion products for railways in China, with an unchanged target price of 36 cents.
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