Here are some stocks to monitor this Thursday morning.
Property group GuocoLand reported a 42% drop in 4Q earnings to $107.31 million from a year ago, pulled down by lower revenue and fair value gain on investment properties. For the three months to end June, revenue fell 48% to $254.7 million due to lower sales recognised for China projects. GuocoLand closed at $1.985 on Wednesday.
IHH Healthcare's earnings rose 9% to RM228.1 million ($76 million) in the second quarter ended June, from a year ago. Revenue jumped 12% to RM2.09 billion. The hospital chain operator says its revenue and EBITDA growth were mainly driven by higher revenue recorded across all three of its home markets – Malaysia, Singapore and Turkey. IHH ended at $1.90.
Singapura Finance reported a 21.6% decline in earnings to $4.5 million in FY15 ended June. Total income rose 10.2% to $24 million, on the back of higher net interest income which arose from higher loan volumes. But this was partly offset by lower non-interest income. Singapura Finance’s shares closed at 97.5 cents.
Memstar Technology, the former hollow fibre membrane manufacturer, reported a net loss of $1.5 million in FY2015 ended June 30, compared with earnings of $196.2 million a year earlier. The group did not recognise any revenue during the year as it had completed the sale of its membrane business in 2014 to United Envirotech. Memstar’s shares closed 8.3% at 1.1 cent.
Union Steel Holdings, the metal recycling company, has reported a net loss of $8.4 million for the 4Q ended June from a net profit of $2.1 million a year ago, dragged down by a sharp fall in revenue as well as a $6.7 million impairment of inventory. Union Steel closed at 9.7 cents.
Dyna-Mac Holdings, the provider of fabrication and assembly of topside modules for floating, production, storage and offloading (FPSO) vessels, says it has secured a $12 million contract from a first-time customer. Dyna-Mac’s shares closed at 15 cents.
Markets
Wall Street rebounded sharply on Wednesday after six straight days of large declines caused by China worries, while long-dated bond prices fell after a top Federal Reserve official scaled back expectations of a September rate increase.
Wall Street rebounded sharply on Wednesday after six straight days of large declines caused by China worries, while long-dated bond prices fell after a top Federal Reserve official scaled back expectations of a September rate increase.
The Dow Jones industrial average rose 619.07 points, its biggest gain since 2008, to 16,285.51, the S&P 500 gained 72.9 points, or 3.9%, to 1,940.51 and the Nasdaq Composite added 191.05 points, or 4.24%, to 4,697.54.
In the local bourse, The Straits Times Index ended 0.46% lower at 2,873.00. Decliners outnumbered gainers 268 to 225 with a total of 2.33 billion shares worth $1.54 billion changed hands.
Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg 
0 comments:
Post a Comment