The following stocks may be in focus today:
Oversea-Chinese Banking Corporation (OCBC) reported net profit after tax of $3.9 billion for FY2015 ended December. Excluding a one-off gain of $391 million in FY14, core net profit after tax rose 13% to a new record. This was driven by higher net interest income, fee and commission income growth, as well as improved trading and investment income. The group’s results also included the full year earnings contribution of OCBC Wing Hang, which became a subsidiary in 3Q14.
CapitaLand posted FY15 PATMI of $1.07 billion. This is 8.2% lower than the FY14 PATMI of $1.16 billion, which was boosted by a one-off gain of $123.5 million from the sale of Westgate Tower. Group revenue increased 21.3% to $4.76 billion in FY15, driven mainly by development projects in China as well as higher rental revenue from the serviced residence business.
StarHub posted earnings of $372.3 million for FY2015, a marginal increase from the $370.5 million reported in FY2014. Revenue rose 2.4% to $2.4 billion, with the 34.5% increase in equipment sales to $228.3 million, despite the 0.1% dip in service revenue to $2.2 billion.
Developer Sing Holdings reversed into the black in 4Q ended Dec with earnings of $16.3 million on higher sales recognised. A year ago, it had posted $0.28 million in 4Q losses. Revenue for the quarter surged more than 20-fold to $196 million, lifted by mainly by recognition of sales proc
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Oversea-Chinese Banking Corporation (OCBC) reported net profit after tax of $3.9 billion for FY2015 ended December. Excluding a one-off gain of $391 million in FY14, core net profit after tax rose 13% to a new record. This was driven by higher net interest income, fee and commission income growth, as well as improved trading and investment income. The group’s results also included the full year earnings contribution of OCBC Wing Hang, which became a subsidiary in 3Q14.
CapitaLand posted FY15 PATMI of $1.07 billion. This is 8.2% lower than the FY14 PATMI of $1.16 billion, which was boosted by a one-off gain of $123.5 million from the sale of Westgate Tower. Group revenue increased 21.3% to $4.76 billion in FY15, driven mainly by development projects in China as well as higher rental revenue from the serviced residence business.
StarHub posted earnings of $372.3 million for FY2015, a marginal increase from the $370.5 million reported in FY2014. Revenue rose 2.4% to $2.4 billion, with the 34.5% increase in equipment sales to $228.3 million, despite the 0.1% dip in service revenue to $2.2 billion.
Developer Sing Holdings reversed into the black in 4Q ended Dec with earnings of $16.3 million on higher sales recognised. A year ago, it had posted $0.28 million in 4Q losses. Revenue for the quarter surged more than 20-fold to $196 million, lifted by mainly by recognition of sales proc
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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