Here are some stocks to watch this Monday morning.
ComfortDelGro Corp's 3Q net profit increased by 5.4% to $85.2 million. Revenue grew 1% to $1 billion on the back of sales growth in the bus, taxi, rail, car rental and leasing, and bus station businesses. ComfortDelGro shares closed at $2.98 on Friday.
Olam International's 3Q earnings fell 30% to $31 million, even as revenue inched up, due largely to the absence of a one-time gain registered in the same period last year. Revenue rose 4% to $4.5 billion on the back of a 3% increase in sales volumes. Olam's shares closed seven cents lower at $1.915 on Friday.
Straco Corporation reported earnings of $23.6 million for the 3Q ended Sept, up 21% compared to $19.5 million a year ago. Revenue was up 28% to $49.3 million from $38.6 million a year ago, boosted by contributions from the Singapore Flyer, which Straco acquired last November. Straco shares closed at 85 cents.
Water treatment and environmental protection company SIIC Environment recorded a 33.4% increase in 3Q earnings to RMB89.3 million ($19.9 million) from a year ago on higher sales. Revenue increased 38% to RMB502.1 million. SIIC Environment closed 0.6% higher at 82 cents.
Wheelock Properties posted a 2.4% increase in 3Q earnings to $11.3 million from $11 million a year ago. Revenue surged more than three-fold to $83.9 million mainly due to units sales in The Panorama, Scotts Square and Ardmore Three. Wheelock closed at $1.465.
Midas Holdings, the manufacturer of aluminium alloy products for passenger rail carriages, says 3Q earnings surged more than nine-fold to RMB13.9 million ($3.1 million). The improved bottom line came on the back of a 27.2% jump in revenue to RMB412.2 million. Shares of Midas ended at 30 cents.
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ComfortDelGro Corp's 3Q net profit increased by 5.4% to $85.2 million. Revenue grew 1% to $1 billion on the back of sales growth in the bus, taxi, rail, car rental and leasing, and bus station businesses. ComfortDelGro shares closed at $2.98 on Friday.
Olam International's 3Q earnings fell 30% to $31 million, even as revenue inched up, due largely to the absence of a one-time gain registered in the same period last year. Revenue rose 4% to $4.5 billion on the back of a 3% increase in sales volumes. Olam's shares closed seven cents lower at $1.915 on Friday.
Straco Corporation reported earnings of $23.6 million for the 3Q ended Sept, up 21% compared to $19.5 million a year ago. Revenue was up 28% to $49.3 million from $38.6 million a year ago, boosted by contributions from the Singapore Flyer, which Straco acquired last November. Straco shares closed at 85 cents.
Water treatment and environmental protection company SIIC Environment recorded a 33.4% increase in 3Q earnings to RMB89.3 million ($19.9 million) from a year ago on higher sales. Revenue increased 38% to RMB502.1 million. SIIC Environment closed 0.6% higher at 82 cents.
Wheelock Properties posted a 2.4% increase in 3Q earnings to $11.3 million from $11 million a year ago. Revenue surged more than three-fold to $83.9 million mainly due to units sales in The Panorama, Scotts Square and Ardmore Three. Wheelock closed at $1.465.
Midas Holdings, the manufacturer of aluminium alloy products for passenger rail carriages, says 3Q earnings surged more than nine-fold to RMB13.9 million ($3.1 million). The improved bottom line came on the back of a 27.2% jump in revenue to RMB412.2 million. Shares of Midas ended at 30 cents.
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