1QFY2020 results

“The slow but steady recurring income build-up, strong balance sheet, and brand name, coupled with an experienced management team, should help CDL emerge stronger from the crisis,” says RHB analyst Vijay Natarajan.

Apart from ComfortDelGro's weaker earnings in 1QFY2020 ended March, DBS analyst Andy Sim notes that the company is slated to be excluded from the MSCI Singapore Index from May 29, which could put significant pressure on the counter’s share price.

Although deemed essential services in all geographies, ComfortDelGro's business across its key markets has declined on the back of reduced mileage and ridership.

PropNex believes that the private residential segment could see a 27% year-on-year contraction in volume in 2020, while HDB resale market volume could drop 7%.

KGI analyst Kenny Tan says AEM's guidance raise reflects a “changing sentiment” due to continued orders from Intel. In addition, companies in the tech sector can generally remain defensive amid the Covid-19 pandemic.

On the back of improved performance, UMS is proposing a 1.0 cent tax-exempt interim dividend that is slated to be paid out on July 28. This dividend is also double that of the 0.5 cent dividend paid out last year.

Although the group is expecting its FY2020 results to be “severely impacted” as the pandemic rages on, the board will be tabling its previously announced FY2019 dividend of 6 cents per share at the upcoming AGM.

In light of the uncertainty, StarHub is withdrawing “all guidance” for FY2020, including its intention to maintain an unchanged full-year dividend of nine cents.

Despite the decreases in Yangzijiang’s topline figures for 2QFY2020, market watchers are confident this is a stumble, and the group remains poised to navigate through the rough waters.

CEO of CMT’s manager Tony Tan says that the group has retained 69%, or $69.6 million, of its taxable income for the quarter to maintain its financial capacity and flexibility.