Tuesday, October 20, 2015

M1, Keppel REIT, Keppel Infrastructure Trust, Mapletree Logistics, Oxley Holdings, EMAS Offshore, Triyards, Nordic Group

The following stocks may be in focus today:

Telco M1 recorded a 0.8% increase in earnings to $44.9 million for the 3Q to September from a year ago. Operating revenue rose 11% to $277.6 million mainly due to 68.8% higher handset sales at $73 million.

Keppel REIT declared a distribution per unit (DPU) of 1.7 cents for the 3Q Sept. This is 8.1% lower than the DPU of 1.85 cents declared a year ago.

Keppel Infrastructure Trust posted a distribution per unit (DPU) of 0.93 cents for the 2Q ended September, 13.4% higher compared to the DPU of 0.82 cent a year ago. Earnings for 2Q came in at $4.13 million, compared to a loss of $1.6 million loss a year ago.

Mapletree Logistics has announced a DPU of 1.86 cents for 2Q ended Sept 30. This is 1.1% lower than the DPU of 1.88 cents achieved a year ago.

Property developer Oxley Holdings posted an over three-fold jump in earnings for the first quarter ended September to $35 million from $10 million a year ago. Revenue rose nearly four-fold to $434 million from $120 million, led by revenue recognition from the group's industrial property development Ecotech @ Sunview, using the completion of construction method as the development received its temporary occupation permit over the quarter.

EMAS Offshore recorded a 626% y-o-y increase in FY2015 earnings to US$199.5 million ($276 million), boosted by a US$154.7 million negative goodwill arising from the completion of the business combination of EOC Limited and EMAS Marine on Oct 3, 2014. Revenue for the year decreased 13% to $247.2 million.

Triyards Holdings posted a 2% growth in earnings to US$27.2 million ($37.6 million) for FY2015 ended August. Group revenue rose 1% to US$270.1 million

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