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1Q17

Results

Frasers Commercial Trust posts 4.4% lower 1Q DPU of 2.4 cents on lower income from properties

SINGAPORE (Jan 23): The manager of Frasers Commercial Trust (FCOT) has declared a distribution per unit (DPU) of 2.4 cents for 1Q18, a 4.4% decline from 2.51 cents in the preceding year on lower revenue.

Results

QT Vascular’s 1Q losses narrow to $11.2 mil on lower cost of sales

SINGAPORE (June 8): QT Vascular reported losses of US$8.1 million ($11.2 million) for the 1Q ended March. This was a 2.6% improvement from the losses of US$8.35 million suffered a year ago.

Singapore economy in 1Q grew by 2.7% on year; FY growth forecast maintained at 1-3%

SINGAPORE (May 25): The Ministry of Trade and Industry (MTI) announced today that it has maintained the GDP growth forecast for 2017 at “1.0 to 3.0%”, with growth likely to come in higher than 2.0% barring the materialisation of downside risks.

Broker's Calls

CNMC Goldmine no longer a golden ‘buy’; DBS suspends coverage

SINGAPORE (May 19): DBS Vickers Securities is downgrading its call on CNMC Goldmine Holdings to “hold” from “buy” with a lower target price of 31 cents from 60 cents previously, while also suspending coverage on the stock due to the lack of earnin

Broker's Calls

Spackman to be the sleeper hit of financial reporting seasons ahead

SINGAPORE (May 16): RHB is maintaining its “buy” call on Spackman Entertainment Group with a target price of 27 cents, while noting that the stock is currently trading at a much lower valuation versus local peers and has a positive outlook.

Results

China Jinjiang Environment reports 6.8% earnings growth to $25.8 mil in 1Q

SINGAPORE (May 16): China Jinjiang Environment reported 1Q earnings at RMB127.4 million ($25.8 million), 6.8% higher than a year ago on better margins.

Results

Straits Trading reports 2.7% decline in 1Q earnings to $21.9 mil on lower revenue

SINGAPORE (May 15): Straits Trading Company, the group with stakes in real estate, hospitality resources and investments in Asia Pacific, has announced $21.9 million in earnings for the first quarter ended March 31 – representing a 2.7% decline from its

Results

ZICO back in the black with 1Q earnings of $0.6 mil on higher revenue

SINGAPORE (May 15): ZICO Holdings, the integrated network of professional service firms, announced 1Q17 earnings of RM1.8 million ($0.6 million), reversing from the RM2.7 million loss it reported a year ago.  

Results

Golden Energy and Resources 1Q earnings increase over 11-fold to $26.5 mil on revenue surge

SINGAPORE (May 15): Golden Energy and Resources (GEAR), the coal mining and trading company, posted 1Q earnings of US$19 million ($26.5 million), up more than 11 times from its earnings of US$1.7 million in the previous year on higher revenue and lower

Results

Bumitama 1Q earnings rise 21.4% to $29.3 mil on higher revenue

SINGAPORE (May 15): Bumitama Agri reported 1Q earnings of IDR 278.4 billion ($29.3 million), 21.4% higher than the same quarter a year ago.
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