Here are some stocks that could move the Singapore market this morning:
City Developments posted a 3.2% drop in 2Q earnings to $133.5 million, or 14 cents per share, from $137.9 million last year. Revenue for the three months to June came in 4.2% lower at $824.9 million versus $861.1 million.
CDL shares closed 3.5% lower at $8.80 on Wednesday.
Singapore Telecommunications posted a 13% rise in 2Q earnings to $941.6 million from a year ago.
The bottom line was bolstered in part by a net exceptional gain of $47 million, with divestment gains from venture investments and Airtel Africa’s tower assets.
Singtel closed 2.5% lower at $3.89 on Wednesday.
Golden Agri-Resources saw its 2Q earnings more than doubled to US$39 million ($54.6 million), supported by higher plantation output and improved palm downstream operations.
Revenue rose 18% for the quarter to US$1.8 billion on the back of stronger sales volumes.
Golden Agri closed 4.7% lower at 30.5 cents on Wednesday.
Banyan Tree, the operator of luxury resorts, reported a larger 2Q loss of $7.3 million compared to $3.5 million a year ago.
While 2Q revenue was stable at $68.3 million, operating profit decreased 22% to $3.3 million.
Banyan Tree closed 1% lower at 48.5 cents on Wednesday.
Private dental healthcare provider Q&M Dental posted earnings of $3.7 million in 2QFY2015, treble the $1.2 million in the year-earlier period.
Q&M Dental’s shares closed 3.3% lower at 73 cents.
UOL Group, the property development and investment company, posted a 28% decline in 2Q earnings to $152.5 million, on the back of lower fair value gains on investment properties.
UOL Group shares closed 2.6% lower at $6.47.
US stocks ended little changed overnight as energy shares and Apple bounced back, offsetting continued concerns about a slowdown in China.
The Dow Jones industrial average fell 0.33 points to 17,402.51, the S&P 500 gained 1.98 points, or 0.1%, to 2,086.05 and the Nasdaq Composite added 7.60 points, or 0.15%, to 5,044.39.
On Wednesday, the Singapore market posted its biggest decline in almost four years, after the People’s Bank of China trimmed its daily reference rate for the yuan by 1.9%, which led to a sell-off in regional currencies and stocks.
The Straits Times Index ended the day 2.9% lower at 3,061.49, after trading between 3,057.62 and 3,100.85. Decliners outnumbered gainers 432 to 96. A total of 1.76 billion shares worth $2.15 billion changed hands.
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City Developments posted a 3.2% drop in 2Q earnings to $133.5 million, or 14 cents per share, from $137.9 million last year. Revenue for the three months to June came in 4.2% lower at $824.9 million versus $861.1 million.
CDL shares closed 3.5% lower at $8.80 on Wednesday.
Singapore Telecommunications posted a 13% rise in 2Q earnings to $941.6 million from a year ago.
The bottom line was bolstered in part by a net exceptional gain of $47 million, with divestment gains from venture investments and Airtel Africa’s tower assets.
Singtel closed 2.5% lower at $3.89 on Wednesday.
Golden Agri-Resources saw its 2Q earnings more than doubled to US$39 million ($54.6 million), supported by higher plantation output and improved palm downstream operations.
Revenue rose 18% for the quarter to US$1.8 billion on the back of stronger sales volumes.
Golden Agri closed 4.7% lower at 30.5 cents on Wednesday.
Banyan Tree, the operator of luxury resorts, reported a larger 2Q loss of $7.3 million compared to $3.5 million a year ago.
While 2Q revenue was stable at $68.3 million, operating profit decreased 22% to $3.3 million.
Banyan Tree closed 1% lower at 48.5 cents on Wednesday.
Private dental healthcare provider Q&M Dental posted earnings of $3.7 million in 2QFY2015, treble the $1.2 million in the year-earlier period.
Q&M Dental’s shares closed 3.3% lower at 73 cents.
UOL Group, the property development and investment company, posted a 28% decline in 2Q earnings to $152.5 million, on the back of lower fair value gains on investment properties.
UOL Group shares closed 2.6% lower at $6.47.
US stocks ended little changed overnight as energy shares and Apple bounced back, offsetting continued concerns about a slowdown in China.
The Dow Jones industrial average fell 0.33 points to 17,402.51, the S&P 500 gained 1.98 points, or 0.1%, to 2,086.05 and the Nasdaq Composite added 7.60 points, or 0.15%, to 5,044.39.
On Wednesday, the Singapore market posted its biggest decline in almost four years, after the People’s Bank of China trimmed its daily reference rate for the yuan by 1.9%, which led to a sell-off in regional currencies and stocks.
The Straits Times Index ended the day 2.9% lower at 3,061.49, after trading between 3,057.62 and 3,100.85. Decliners outnumbered gainers 432 to 96. A total of 1.76 billion shares worth $2.15 billion changed hands.
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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