Here are some stocks to watch this Thursday morning.
Sembcorp Industries posted $60.78 million of earnings in the fourth quarter, 74.7% down from $240.62 million last year as its marine business slid into the red. Turnover was $2.42 billion, down from $2.66 billion. Full-year earnings was $548.85 million, down 31.5% from $801 million for FY14. Turnover was $9.54 billion for FY15, down from $10.89 billion for the previous year. The stock closed at $2.53 on Wednesday.
iFAST Corporation, the online distributor of investment products, reported a 41.3% growth in earnings to $12.1 million for FY2015 ended Dec. If IPO expenses of $1.9 million were excluded, earnings growth would have been 15.1%. Revenue rose 8.9% to $85.3 million for the full year to December, on the back of the stable growth coming from Singapore and included maiden revenue from an online bonds distribution business that was launched in 2Q. The Singapore operations reported a 12.7% growth in revenue contribution to $61.2 million for the full year. iFAST last traded at $1.24.
Valuemax Group reported a 11.7% rise in net profit for the full year ended Dec 31 to $10 million. Group revenue for the year fell 16.8% to $269.9 million on the back of a 18.9% slump in revenue from retail and trading of pre-owned jewellery and gold business to $246.8 million, which remains the group's key revenue contributor. Valuemax closed at 26 cents.
Top Global said its wholly owned subsidiary, Top Global Hospitality, has entered into a sale and purchase agreement to take a 35% stake in 5Footway Founders. The stake acquisition involves purchasing 40,000 shares in 5Footway from its existing shareholders for a cash consideration of $520,000 and another 476,923 new shares of 5Footway for $1.94 million. Top Global will also extend a loan of $800,000 to 5Footway for three years, which can be converted up to two shares of 5Footway upon certain conditions being fulfilled. Top Global closed at 19 cents.
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Sembcorp Industries posted $60.78 million of earnings in the fourth quarter, 74.7% down from $240.62 million last year as its marine business slid into the red. Turnover was $2.42 billion, down from $2.66 billion. Full-year earnings was $548.85 million, down 31.5% from $801 million for FY14. Turnover was $9.54 billion for FY15, down from $10.89 billion for the previous year. The stock closed at $2.53 on Wednesday.
iFAST Corporation, the online distributor of investment products, reported a 41.3% growth in earnings to $12.1 million for FY2015 ended Dec. If IPO expenses of $1.9 million were excluded, earnings growth would have been 15.1%. Revenue rose 8.9% to $85.3 million for the full year to December, on the back of the stable growth coming from Singapore and included maiden revenue from an online bonds distribution business that was launched in 2Q. The Singapore operations reported a 12.7% growth in revenue contribution to $61.2 million for the full year. iFAST last traded at $1.24.
Valuemax Group reported a 11.7% rise in net profit for the full year ended Dec 31 to $10 million. Group revenue for the year fell 16.8% to $269.9 million on the back of a 18.9% slump in revenue from retail and trading of pre-owned jewellery and gold business to $246.8 million, which remains the group's key revenue contributor. Valuemax closed at 26 cents.
Top Global said its wholly owned subsidiary, Top Global Hospitality, has entered into a sale and purchase agreement to take a 35% stake in 5Footway Founders. The stake acquisition involves purchasing 40,000 shares in 5Footway from its existing shareholders for a cash consideration of $520,000 and another 476,923 new shares of 5Footway for $1.94 million. Top Global will also extend a loan of $800,000 to 5Footway for three years, which can be converted up to two shares of 5Footway upon certain conditions being fulfilled. Top Global closed at 19 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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