Here are some stocks to watch this Friday morning.
SingTel reported 3Q earnings inched down 1.7% to $953.5 million versus $969.8 million last year. However, in constant currency terms, net profit would have increased 6% if adjusted for a one-off tax credit last year and the impact from Trustwave acquired in September. For the three months to Dec, operating revenue came in slightly higher at $4.47 billion versus $4.43 billion a year ago. SingTel says the consumer business in both Singapore and Australia delivered strong EBITDA growth during the quarter. Shares of SingTel closed at $3.54 on Thursday.
Eu Yan Sang, the Traditional Chinese Medicine specialist, saw a 75% fall in 2Q earnings to $0.5 million from nearly $2 million a year ago. Overall revenue rose 1% to $85.6 million, lifted by higher contribution from sales in Singapore and Australia. Eu Yan Sang closed flat at 41.5 cents on Thursday.
Raffles Education Corporation posted a 2Q net loss of S$5.2 million, dragged down by an unrealised exchange loss of $1.8 million recorded by Value Vantage as part of the loss from joint ventures. The share of loss from joint ventures in 2Q was $2.2 million, compared with the $3.2 million gain a year earlier. The net loss in 2Q was a reversal from the $431,000 net profit recorded a year ago. Revenue slid 2.2% to $29.5 million. Raffles Education closed at 22 cents.
Silverlake Axis, the provider of software to the banking and finance industries, posted a 7% fall in 2Q earnings to RM66.6 million ($22.4 million) from a year ago. The weaker bottomline was the result of a 61% decline in the share of profit of associates and a joint venture to RM 1.6 million and an increase in income tax expenses to RM 17 million. Revenue for the three months to December rose 44% rise to RM179 million. The stock closed at 56 cents.
Metro Holdings, the property group and department store operator, saw 3Q earnings fall 12.5% to $55.9 million, or 6.7 cents per share, from $63.9 million a year ago. Overall revenue declined by 1.3% to $41 million. Metro closed at 87 cents.
Civmec, the construction and engineering services provider to the oil and gas industry, posted a 34.6% fall in 2Q earnings to $4.8 million from a year ago. The weaker bottomline was impacted by lower revenue and a roughly 11% exchange rate decline between the Australian dollar and Singapore dollar in the comparative periods. Revenue for the three months to December fell 27.6% to $91.5 million from $126.4 million a year ago. Civmec closed at 38 cents.
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SingTel reported 3Q earnings inched down 1.7% to $953.5 million versus $969.8 million last year. However, in constant currency terms, net profit would have increased 6% if adjusted for a one-off tax credit last year and the impact from Trustwave acquired in September. For the three months to Dec, operating revenue came in slightly higher at $4.47 billion versus $4.43 billion a year ago. SingTel says the consumer business in both Singapore and Australia delivered strong EBITDA growth during the quarter. Shares of SingTel closed at $3.54 on Thursday.
Eu Yan Sang, the Traditional Chinese Medicine specialist, saw a 75% fall in 2Q earnings to $0.5 million from nearly $2 million a year ago. Overall revenue rose 1% to $85.6 million, lifted by higher contribution from sales in Singapore and Australia. Eu Yan Sang closed flat at 41.5 cents on Thursday.
Raffles Education Corporation posted a 2Q net loss of S$5.2 million, dragged down by an unrealised exchange loss of $1.8 million recorded by Value Vantage as part of the loss from joint ventures. The share of loss from joint ventures in 2Q was $2.2 million, compared with the $3.2 million gain a year earlier. The net loss in 2Q was a reversal from the $431,000 net profit recorded a year ago. Revenue slid 2.2% to $29.5 million. Raffles Education closed at 22 cents.
Silverlake Axis, the provider of software to the banking and finance industries, posted a 7% fall in 2Q earnings to RM66.6 million ($22.4 million) from a year ago. The weaker bottomline was the result of a 61% decline in the share of profit of associates and a joint venture to RM 1.6 million and an increase in income tax expenses to RM 17 million. Revenue for the three months to December rose 44% rise to RM179 million. The stock closed at 56 cents.
Metro Holdings, the property group and department store operator, saw 3Q earnings fall 12.5% to $55.9 million, or 6.7 cents per share, from $63.9 million a year ago. Overall revenue declined by 1.3% to $41 million. Metro closed at 87 cents.
Civmec, the construction and engineering services provider to the oil and gas industry, posted a 34.6% fall in 2Q earnings to $4.8 million from a year ago. The weaker bottomline was impacted by lower revenue and a roughly 11% exchange rate decline between the Australian dollar and Singapore dollar in the comparative periods. Revenue for the three months to December fell 27.6% to $91.5 million from $126.4 million a year ago. Civmec closed at 38 cents.
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