The following stocks may be in focus today:
Global Logistic Properties reported a 64% jump in 3Q earnings to US$184 million ($262 million). This was due to its China earnings, which were up 50%, driven by higher asset values, rent growth and continued leasing of developments. Revenue increased 11% to US$199 million, owing to the completion of projects in China and the management fee income from GLP US Income Partners I.
Frasers Centrepoint posted a 47.2% decrease in 1Q earnings to $99 million. This came on the back of a 37.4% decline in revenue to $671.6 million. The financial performance for 1Q15/16 was partly due to timing differences in completions. In 1Q14/15, there was a significant level of settlements and completions in Australia and China.
Fraser and Neave's continuing operations after the sale of its brewery in Myanmar posted a 57.3% rise in 1Q profit after tax to $47.8 million from a year ago. Including discontinued operations, profit after tax would have fallen 21% to $47.8 million. Revenue declined 11.1% to $488.7 million, dragged down by lower sales of soft drinks and dairy products in Malaysia.
CapitaLand Retail China Trust declared a FY15 distribution per unit of 10.6 cents, an increase of 7.9%. Based on CRCT’s closing price of $1.46 on Feb 3, the distribution yield was 7.3%. For the 12 months to December, the trust reported a 10.3% increase in distributable income to $89.2 million.
Religare Health Trust posted a 3% decline in earnings for the three months ended Dec 31, 2015 to $11.2 million. Distributable income in 3Q rose 5.7% to $15.3 million. The firm attributed this to improved forward Indian rupee/Sing dollar as a result of lower hedging costs and better spot rate, as well as higher net service fee and hospital income, which were partially offset by higher finance costs.
Singapore O&G, which specialises in women’s healthcare, posted full-year earnings of $5.3 million, up 25.7% from the previous year. Revenue increased 21.2% to $16.4 million on the back of its new cancer specialists clinics and higher patient loads from its obstetrics and gynaecology business.
IPS Securex recorded a 10% increase in half-year net profit to $1 million. This came on the back of a 20.5% increase in revenue to $7 million, lifted by the group’s security solutions business and the maintenance and leasing business recording revenue gains of $1 million and $158,000 respectively.
Property developer First Sponsor saw a tripling of full-year earnings to $67.4 million from a year ago. Revenue for the 12 months to December rose 40.3% to $215 million.
Glove-maker UG Healthcare reported a 34% jump in half-year earnings to $3.2 million from a year ago. Revenue increased 20.1% to $30.1 million, lifted by the production and sales of more gloves though these were sold at a lower average selling price.
HUPSteel posted losses of $248,000 in 2Q compared to earnings of $479,000 a year ago. This on the back of a 30% decrease in revenue to $16.6 million, dragged down by the slowdown in the marine industry.
Parkson Retail Asia suffered a 71.6% drop in 2Q earnings to $2.9 million, as revenue took a 12% hit to $103.5 million. Revenue was dragged down mainly by a decline in sales in its Malaysia and Myanmar markets.
Global Premium Hotels’ 4Q earnings fell 42.1% to $4.9 million as it sold fewer rooms. Revenue slipped 5.9% to $15 million from lower hotel room revenue. During the period, one of its hotels also closed down temporarily for enhancement works.
Moviemaker mm2 Asia has entered into a non-binding term sheet to acquire a 51% stake in UnUsUal Group of Companies for $26 million.
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
Global Logistic Properties reported a 64% jump in 3Q earnings to US$184 million ($262 million). This was due to its China earnings, which were up 50%, driven by higher asset values, rent growth and continued leasing of developments. Revenue increased 11% to US$199 million, owing to the completion of projects in China and the management fee income from GLP US Income Partners I.
Frasers Centrepoint posted a 47.2% decrease in 1Q earnings to $99 million. This came on the back of a 37.4% decline in revenue to $671.6 million. The financial performance for 1Q15/16 was partly due to timing differences in completions. In 1Q14/15, there was a significant level of settlements and completions in Australia and China.
Fraser and Neave's continuing operations after the sale of its brewery in Myanmar posted a 57.3% rise in 1Q profit after tax to $47.8 million from a year ago. Including discontinued operations, profit after tax would have fallen 21% to $47.8 million. Revenue declined 11.1% to $488.7 million, dragged down by lower sales of soft drinks and dairy products in Malaysia.
CapitaLand Retail China Trust declared a FY15 distribution per unit of 10.6 cents, an increase of 7.9%. Based on CRCT’s closing price of $1.46 on Feb 3, the distribution yield was 7.3%. For the 12 months to December, the trust reported a 10.3% increase in distributable income to $89.2 million.
Religare Health Trust posted a 3% decline in earnings for the three months ended Dec 31, 2015 to $11.2 million. Distributable income in 3Q rose 5.7% to $15.3 million. The firm attributed this to improved forward Indian rupee/Sing dollar as a result of lower hedging costs and better spot rate, as well as higher net service fee and hospital income, which were partially offset by higher finance costs.
Singapore O&G, which specialises in women’s healthcare, posted full-year earnings of $5.3 million, up 25.7% from the previous year. Revenue increased 21.2% to $16.4 million on the back of its new cancer specialists clinics and higher patient loads from its obstetrics and gynaecology business.
IPS Securex recorded a 10% increase in half-year net profit to $1 million. This came on the back of a 20.5% increase in revenue to $7 million, lifted by the group’s security solutions business and the maintenance and leasing business recording revenue gains of $1 million and $158,000 respectively.
Property developer First Sponsor saw a tripling of full-year earnings to $67.4 million from a year ago. Revenue for the 12 months to December rose 40.3% to $215 million.
Glove-maker UG Healthcare reported a 34% jump in half-year earnings to $3.2 million from a year ago. Revenue increased 20.1% to $30.1 million, lifted by the production and sales of more gloves though these were sold at a lower average selling price.
HUPSteel posted losses of $248,000 in 2Q compared to earnings of $479,000 a year ago. This on the back of a 30% decrease in revenue to $16.6 million, dragged down by the slowdown in the marine industry.
Parkson Retail Asia suffered a 71.6% drop in 2Q earnings to $2.9 million, as revenue took a 12% hit to $103.5 million. Revenue was dragged down mainly by a decline in sales in its Malaysia and Myanmar markets.
Global Premium Hotels’ 4Q earnings fell 42.1% to $4.9 million as it sold fewer rooms. Revenue slipped 5.9% to $15 million from lower hotel room revenue. During the period, one of its hotels also closed down temporarily for enhancement works.
Moviemaker mm2 Asia has entered into a non-binding term sheet to acquire a 51% stake in UnUsUal Group of Companies for $26 million.
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