Here are some stocks to watch this Friday morning.
Casino operator Genting Singapore posted a net loss attributable to ordinary shareholders of $7.75 million for the final quarter ended December 2015 from a profit of $89 million a year ago. Revenue slipped 14% to $547 million from $638 million a year ago. Gaming revenue in the period under review slipped 19% to $374 million whereas for the full year, it was down 21% to $1.75 billion. Genting Singapore attributed the fall in gaming revenue to lower VIP gaming market as it continued to tighten its credit policies. The counter closed unchanged at 70.5 cents on Thursday.
Water treatment firm Hyflux posted a 28% fall in full-year net profit on weaker divestment activities. Net profit for the 12 months ended Dec 31, 2015, stood at $41.3 million, compared to $57.5 million a year ago. Revenue rose 39% to $445 million, contributed mainly by the Qurayyat Independent Water Project in the Sultanate of Oman, and a desalination system in the Kingdom of Saudi Arabia. Hyflux closed at 51 cents.
Wilmar International fourth-quarter profit fell 16% as the world’s largest palm oil trader grappled with lower crude palm oil prices and weaker margins from its downstream business. Net income fell to $337.2 million in the three months ended December from $401.2 million a year earlier. Full-year profits slid 8.7% from a year ago to $1.06 billion. Revenue declined 10% to $38.8 billion in 2015. Wilmar closed at $3.11.
Marine and offshore engineering firm AusGroup said it is starting the process to solicit and consider offers for its scaffolding and access business. This was in response to a number of expressions of interest from third parties. But the group will retain its existing fabrication and manufacturing, project and maintenance services, and port and marine services, AusGroup said. The company also said that it was restructuring its engineering services unit and making some managerial changes. AusGroup closed at $0.104.
Rotary Engineering and its subsidiaries has secured contracts worth about $65 million for the period November 2015 to early February 2016. The regional oil & gas engineering, procurement, construction and maintenance services value chain provider said that one of the new contracts was for a $19 million jetty and its topside in Jurong Island. Rotary closed at 32 cents.
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Casino operator Genting Singapore posted a net loss attributable to ordinary shareholders of $7.75 million for the final quarter ended December 2015 from a profit of $89 million a year ago. Revenue slipped 14% to $547 million from $638 million a year ago. Gaming revenue in the period under review slipped 19% to $374 million whereas for the full year, it was down 21% to $1.75 billion. Genting Singapore attributed the fall in gaming revenue to lower VIP gaming market as it continued to tighten its credit policies. The counter closed unchanged at 70.5 cents on Thursday.
Water treatment firm Hyflux posted a 28% fall in full-year net profit on weaker divestment activities. Net profit for the 12 months ended Dec 31, 2015, stood at $41.3 million, compared to $57.5 million a year ago. Revenue rose 39% to $445 million, contributed mainly by the Qurayyat Independent Water Project in the Sultanate of Oman, and a desalination system in the Kingdom of Saudi Arabia. Hyflux closed at 51 cents.
Wilmar International fourth-quarter profit fell 16% as the world’s largest palm oil trader grappled with lower crude palm oil prices and weaker margins from its downstream business. Net income fell to $337.2 million in the three months ended December from $401.2 million a year earlier. Full-year profits slid 8.7% from a year ago to $1.06 billion. Revenue declined 10% to $38.8 billion in 2015. Wilmar closed at $3.11.
Marine and offshore engineering firm AusGroup said it is starting the process to solicit and consider offers for its scaffolding and access business. This was in response to a number of expressions of interest from third parties. But the group will retain its existing fabrication and manufacturing, project and maintenance services, and port and marine services, AusGroup said. The company also said that it was restructuring its engineering services unit and making some managerial changes. AusGroup closed at $0.104.
Rotary Engineering and its subsidiaries has secured contracts worth about $65 million for the period November 2015 to early February 2016. The regional oil & gas engineering, procurement, construction and maintenance services value chain provider said that one of the new contracts was for a $19 million jetty and its topside in Jurong Island. Rotary closed at 32 cents.
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
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