The following stocks may be in focus today:
Hutchison Port Holdings Trust (HPH Trust) declared a DPU of 18.70 HK cents (3.4 cents) for the six month to December, compared to 22.3 HK cents a year ago. Revenue and other income came in at HK$12.6 billion, about the same as last year.
Electronics maker Valuetronics’ 3Q earnings fell 35.8% to HK$25.2 million ($4.6 million), owing to lower sales of consumer electronics. Revenue slipped 27.1% to HK$434.5 million.
Chuan Hup Holdings reported 2Q earnings of US$3.6 million ($5.1 million), or 0.38 US cent, from US$0.9 million, or 0.1 cent, a year ago. Revenue of US$49.6 million was 0.3% lower than $49.7 million a year ago.
The Hour Glass saw a 2% drop in 3Q earnings to $18.4 million from a year ago as revenue stayed flat at around $186 million.
Ryobi Kiso Holdings has posted 2Q losses of $8.87 million compared to earnings of $506,000 a year ago due to other losses. For the three months to December, revenue increased 10.5% to $54.14 million.
Asia Enterprises Holdings posted an FY15 net loss of $12.1 million compared to earnings of $2 million in FY14. This was due mainly to an inventory write-down of $9.8 million on the back of declining steel prices. Revenue decreased 50% to $32.3 million.
AEM Holdings has entered into a sale and purchase agreement to dispose of the company’s plating business in its unit AEM (Suzhou) Co to Jiangsu Yunyi Electric Co for an aggregate consideration of RMB6.63 mil ($1.4 million).
Hengxin Technology, a manufacturer of coaxial cables for mobile communications in China, is acquiring Mianyang Siemax from its vendors for a total consideration of RMB72 million ($15.6 million).
Technics Oil & Gas, which provides services and products for oil and gas exploration and production activities, says it expects to report a net loss for 1Q.
Markets
U.S. stocks dropped on Tuesday after another steep fall in oil prices and a disappointing spending forecast from Exxon Mobil. The Dow Jones industrial average closed down 295.64 points, or 1.8%, to 16,153.54, the S&P 500 lost 36.35 points, or 1.87%, to 1,903.03 and the Nasdaq Composite dropped 103.42 points, or 2.24%, to 4,516.95.
Singapore equities ended weaker on Tuesday, as other Asian markets put in a mixed performance. Notably, mainland Chinese markets climbed after the People’s Bank of China injected more liquidity ahead of the Lunar New Year holidays. The Straits Times Index (STI) ended the day 0.89% lower at 2,579.23, after trading between 2,578.27 and 2,602.36. Excluding warrants, decliners outnumbered gainers 210 to 167.
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Hutchison Port Holdings Trust (HPH Trust) declared a DPU of 18.70 HK cents (3.4 cents) for the six month to December, compared to 22.3 HK cents a year ago. Revenue and other income came in at HK$12.6 billion, about the same as last year.
Electronics maker Valuetronics’ 3Q earnings fell 35.8% to HK$25.2 million ($4.6 million), owing to lower sales of consumer electronics. Revenue slipped 27.1% to HK$434.5 million.
Chuan Hup Holdings reported 2Q earnings of US$3.6 million ($5.1 million), or 0.38 US cent, from US$0.9 million, or 0.1 cent, a year ago. Revenue of US$49.6 million was 0.3% lower than $49.7 million a year ago.
The Hour Glass saw a 2% drop in 3Q earnings to $18.4 million from a year ago as revenue stayed flat at around $186 million.
Ryobi Kiso Holdings has posted 2Q losses of $8.87 million compared to earnings of $506,000 a year ago due to other losses. For the three months to December, revenue increased 10.5% to $54.14 million.
Asia Enterprises Holdings posted an FY15 net loss of $12.1 million compared to earnings of $2 million in FY14. This was due mainly to an inventory write-down of $9.8 million on the back of declining steel prices. Revenue decreased 50% to $32.3 million.
AEM Holdings has entered into a sale and purchase agreement to dispose of the company’s plating business in its unit AEM (Suzhou) Co to Jiangsu Yunyi Electric Co for an aggregate consideration of RMB6.63 mil ($1.4 million).
Hengxin Technology, a manufacturer of coaxial cables for mobile communications in China, is acquiring Mianyang Siemax from its vendors for a total consideration of RMB72 million ($15.6 million).
Technics Oil & Gas, which provides services and products for oil and gas exploration and production activities, says it expects to report a net loss for 1Q.
Markets
U.S. stocks dropped on Tuesday after another steep fall in oil prices and a disappointing spending forecast from Exxon Mobil. The Dow Jones industrial average closed down 295.64 points, or 1.8%, to 16,153.54, the S&P 500 lost 36.35 points, or 1.87%, to 1,903.03 and the Nasdaq Composite dropped 103.42 points, or 2.24%, to 4,516.95.
Singapore equities ended weaker on Tuesday, as other Asian markets put in a mixed performance. Notably, mainland Chinese markets climbed after the People’s Bank of China injected more liquidity ahead of the Lunar New Year holidays. The Straits Times Index (STI) ended the day 0.89% lower at 2,579.23, after trading between 2,578.27 and 2,602.36. Excluding warrants, decliners outnumbered gainers 210 to 167.
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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