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Singapore Exchange’s earnings for the 3Q ended March inch up 1% to $89 million, or 8.3 cents per share, from a year ago. Revenue rose 3% to $205.8 million for the three months to March. Listing revenue was $11.4 million, down 6% from $12.1 million a year ago due to a decline in the number of new bond listings, while revenues from corporate actions and others was $7.3 million, down 4% from $7.6 million. There were a total of four new equity listings, compared to two a year earlier. Revenue for Securities Trading and Clearing rose 4% to $54.8 million and accounted for 27% of total revenue. Revenue from Derivatives increased 3% to $82.2 million, and accounted for 40% of total revenue.
Frasers Commercial Trust's (FCOT's) distribution per unit rose 2.9% to 2.45 cents in the second quarter ended March 31, 2016, from 2.38 cents a year ago. Net property income jumped 16.7% to $28.8 million from $24.7 million previously. The Trust attributed this to the better performance of Alexandra Technopark as a result of higher rentals achieved and lower utilities expenses, as well as lower repair and maintenance and painting expenses for Caroline Chisholm Centre. The contribution from 357 Collins Street also boostered gross revenue and net property income during the quarter.
ST Electronics, the electronics arm of ST Engineering, has secured about $505 million worth of contracts in the first quarter this year. Of these contracts, ST Engineering will supply the passenger information system to CRRC Qingdao Sifang Co. for 744 train cars under Hong Kong's MTR. The company will also deliver the trainborne communications system for the Riyadh Metro in Saudi Arabia.
Far East Orchard’s 1Q earnings more than quadrupled to $16.9 million, compared to $3.8 million a year ago despite recording lower revenue. The developer said revenue fell more than half to $51 million. This was partly due to an absence of progressive revenue recognition from its euHabitat residential development project. Hospitality revenue declined for the period, owing to an early termination of lease for Rendezvous Hotel in Australia last year.
Seroja Investments' subsidiary, PT Pulau Seroja Jaya, has secured a new four-year coal transportation contract with Indonesian energy group PT Maritim Barito Perkasa, an indirectly owned subsidiary of PT Adaro Energy Tbk. Under the new agreement, PT Pulau Seroja Jaya is expected to transport about 7 million metric tons of coal a year for the next four years from the Adaro coal mines. This will generate an estimated cumulative revenue of US$48 million for the four-year period from 2016 to 2019.
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Singapore Exchange’s earnings for the 3Q ended March inch up 1% to $89 million, or 8.3 cents per share, from a year ago. Revenue rose 3% to $205.8 million for the three months to March. Listing revenue was $11.4 million, down 6% from $12.1 million a year ago due to a decline in the number of new bond listings, while revenues from corporate actions and others was $7.3 million, down 4% from $7.6 million. There were a total of four new equity listings, compared to two a year earlier. Revenue for Securities Trading and Clearing rose 4% to $54.8 million and accounted for 27% of total revenue. Revenue from Derivatives increased 3% to $82.2 million, and accounted for 40% of total revenue.
Frasers Commercial Trust's (FCOT's) distribution per unit rose 2.9% to 2.45 cents in the second quarter ended March 31, 2016, from 2.38 cents a year ago. Net property income jumped 16.7% to $28.8 million from $24.7 million previously. The Trust attributed this to the better performance of Alexandra Technopark as a result of higher rentals achieved and lower utilities expenses, as well as lower repair and maintenance and painting expenses for Caroline Chisholm Centre. The contribution from 357 Collins Street also boostered gross revenue and net property income during the quarter.
ST Electronics, the electronics arm of ST Engineering, has secured about $505 million worth of contracts in the first quarter this year. Of these contracts, ST Engineering will supply the passenger information system to CRRC Qingdao Sifang Co. for 744 train cars under Hong Kong's MTR. The company will also deliver the trainborne communications system for the Riyadh Metro in Saudi Arabia.
Far East Orchard’s 1Q earnings more than quadrupled to $16.9 million, compared to $3.8 million a year ago despite recording lower revenue. The developer said revenue fell more than half to $51 million. This was partly due to an absence of progressive revenue recognition from its euHabitat residential development project. Hospitality revenue declined for the period, owing to an early termination of lease for Rendezvous Hotel in Australia last year.
Seroja Investments' subsidiary, PT Pulau Seroja Jaya, has secured a new four-year coal transportation contract with Indonesian energy group PT Maritim Barito Perkasa, an indirectly owned subsidiary of PT Adaro Energy Tbk. Under the new agreement, PT Pulau Seroja Jaya is expected to transport about 7 million metric tons of coal a year for the next four years from the Adaro coal mines. This will generate an estimated cumulative revenue of US$48 million for the four-year period from 2016 to 2019.
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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