4Q16

SINGAPORE (March 6): Maybank Kim Eng Research has downgraded its rating on Q&M Dental from “buy” to “hold”, lowering its target price on the stock to 71 cents from $1 previously on the group’s FY16 core earnings miss.

SINGAPORE (March 3): CIMB has downgraded its rating on Q&M Dental Group from “hold” to “reduce”, lowering its target price on the stock to 60 cents from 77 cents on growing concerns about the group’s continued earnings disappointments and goodwi

SINGAPORE (March 2): Mandarin Oriental, a member of the Jardine Matheson Group, has declared FY16 earnings of US$55.2 million ($77.9 million), 38% down from its earnings of $89.3 million in the previous year on weak demand in a number of its key cities.

SINGAPORE (March 2): DBS Vickers Securities continues to keep its “hold” recommendation on Indofood Agri Resources while lowering its target price on the stock by one cent to 56 cents.

SINGAPORE (March 2): DBS Vickers Securities is maintaining its “buy” call on Yanlord Land Group with a higher target price of $2.21 compared to $1.46 previously, after the China-based property developer posted a strong FY16 set of results last Friday.

SINGAPORE (March 2): RHB is remaining “neutral” on Centurion with a target price of 39 cents after its 4Q16 results came in line with the research house’s estimates.

SINGAPORE (March 1): Advance SCT, the metal trader and recycling & waste management company, saw FY16 losses narrow by a third to $8.3 million from $12.3 million a year ago.

SINGAPORE (March 1): Sri Trang Agro-Industry, the natural rubber (NR) producer, has swung to FY16 losses of THB 758 million ($30.5 million) compared the FY15 earnings of THB $1.1 billion as expenses rose and gains fell.

SINGAPORE (March 1): Wheelock Properties reported revenue for 4Q and FY16 doubled to $224.3 million and $769.7 million respectively from a year ago.

SINGAPORE (March 1): Food Empire Holdings is back in the black after posting US$2.9 million ($4.1 million) of earnings for the fourth quarter ended Dec 31 compared to the group’s restated 4Q15 loss of $3.1 million reported a year ago.