profit guidance

Tech

Apple cuts outlook as Chinese slowdown hits demand for iPhones

(Jan 3): Apple Inc cut its revenue outlook for the first time in almost two decades citing weaker demand in China, triggering a slump for Asian suppliers and a wave of lower price targets on Wall Street.

Update

Hi-P International warns of lower y-o-y profit & revenue for 3Q18

SINGAPORE (Oct 15): Industrial mould manufacturing company Hi-P International is expecting lower y-o-y revenue and profit in 3Q18, contrary to management guidance issued in its 2Q18 results announcement.

Broker's Calls

AEM Holdings kept at 'add' as fundamentals come up trumps

SINGAPORE (Apr 6): CIMB is maintaining its “add” call on AEM Holdings with a target price of $8.19.

China Sunsine expects 'substantial increase' in 4Q and FY17 earnings

SINGAPORE (Feb 12): China Sunsine Chemical Holdings, the world’s largest producer of rubber accelerators, has issued a positive profit alert saying it expects to report a substantial increase in net profit for 4Q17 and the full year period.

M&A

AEM Holdings acquires Finnish MEMs testing provider; expects FY18 to outperform, mulls bonus shares

SINGAPORE (Feb 1): AEM Holdings has acquired Afore Oy, a microelectromechanical systems (MEMS) testing and handling solutions provider in Finland, for 7.58 million euros ($12.34 million).

Genting Hong Kong anticipates full-year net loss of US$240-270 mil

SINGAPORE (Feb 1): Genting Hong Kong expects to report a consolidated net loss of US$240-270 million ($315-354 million) for the full year ending Dec 2017, narrowing from its net loss of US$537 million in FY16.

Procurri expects loss in FY17; announces long-term strategies to return to profitability

SINGAPORE (Jan 30): Procurri Corporation, the IT services and hardware equipment provider, expects to report a net loss for 4Q17 and FY17, according to its preliminary assessment of the unaudited financial results.

Broker's Calls

CNMC to see better q-o-q results in spite of profit warning, says NRA

SINGAPORE (July 26): NRA Capital is maintaining its forecasts, valuation and “overweight” rating on Catalist-listed CNMC Goldmine Holdings at a fair value estimate of 38 cents – even as the group this morning issued a profit guidance to indicate tha

Spackman expects to climb out of the red in 1Q

SINGAPORE (April 10): Spackman Entertainment Group on Monday issued a positive profit guidance for the first quarter ended March 31.

Hwa Hong issues loss warning for 4Q

SINGAPORE (Jan 16): Hwa Hong expects to report a net loss for 4Q16, which is mainly due to “net unrealised losses arising from fair value changes on certain financial assets”.
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