FY18

Results

Accrelist swings back to profitability in FY18 after change in accounting treatment

SINGAPORE (May 30): Accrelist, the provider of corporate accretion services, swung back to profitability with earnings of $0.2 million in FY18 from $8.3 million in losses the previous year.

Results

Gaylin's FY18 loss widens to $51.6 mil on inventory provisioning

SINGAPORE (May 28): Gaylin Holdings, the specialist provider of products, services and solutions to the oil & gas (O&G) and maritime industries, saw 4Q losses widen to $44.4 million from a loss of $6.2 million a year ago due to higher provision for slow-m

Results

Pan Hong's FY18 earnings halved to $5.2 mil on lower revenue & margins

SINGAPORE (May 28): Property developer Pan Hong Holdings reported earnings of RMB24.6 million ($5.2 million) for the FY18 ended March, representing a 60.8% decline from its FY17 earnings of RMB62.7 million a year ago on lower revenue and margins, as well

Results

RHT Health Trust posts 5.4% lower 4Q DPU of 1.06 cents on higher borrowings & expenses

SINGAPORE (May 25): The trustee-manager of RHT Health Trust has declared a 4Q18 distribution per unit (DPU) of 1.06 cents, down 5.4% from its quarterly DPU of 1.12 cents a year ago due to higher borrowings and expenses.

Results

Singapore Shipping Corp posts 60% surge in 4Q earnings to $3.5 mil on higher revenue

SINGAPORE (May 24): Singapore Shipping Corporation reported a 60% rise in earnings to US$2.6 million ($3.5 million) for the 4Q18 ended March from its earnings of US$1.6 million in 4Q17 on higher revenue.  

Results

Sanli Environmental posts 40.7% lower FY18 earnings of $3.1 mil; announces 0.25 cent dividend

SINGAPORE (May 23): Sanli Environmental has announced earnings of $3.1 million for the FY18 ended March, down by 40.7% from its earnings of $5.2 million a year ago due to lower overall gross profit margin as well as higher administrative expenses and cost

Broker's Calls

Tianjin Zhongxin Pharma on its way to a stellar 2018 & beyond, says UOB

SINGAPORE (Apr 2): UOB Kay Hian is keeping Tianjin Zhongxin Pharmaceutical Group at “buy” with a higher target price of US$1.66 ($2.17), pegged to peer average of 14.1 times FY18 earnings.

Results

Courts Asia posts 28.7% decline in 3Q earnings of $3.5 mil on lower profit margin

SINGAPORE (Feb 13): Courts Asia, the electrical, furnishing and consumer electronics retailer, announced earnings of $3.5 million for the third quarter of FY17, down 28.7% from its net profit of $4.9 million a year ago on lower gross profit margin and hig

Results

Hatten Land's 2Q earnings halve to $3.6 mil on lower revenue & higher expenses

SINGAPORE (Feb 12): Hatten Land has posted earnings of RM10.8 million ($3.6 million) for 2Q18, down by 50% from its earnings of RM21.1 million a year ago on lower revenue and higher expenses.

Broker's Calls

Phillip sees Nam Lee as attractive yield play riding on recovering US economy

SINGAPORE (Nov 29): Phillip Capital is maintaining its “buy” on Nam Lee Pressed Metal Industries with a higher target price of 56 cents, saying the designer, manufacturer and supplier of metal products is an attractive yield play.
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