Friday, October 30, 2015

UOB, GLP, Sembcorp, Soilbuild, Global Premium Hotels, AusGroup

Here are some stocks to watch this Friday morning.

UOB Bank's 3Q earnings slipped 1% to $858 million from $866 million a year ago. This is a smaller slippage compared with the $812 million earnings average of seven analysts’ estimates compiled by Bloomberg. In the three months to end Sept, UOB’s net interest income rose 6.9% to $1.24 billion from $1.16 billion previously. UOB ended higher at $20.04 on Thursday.

Global Logistic Properties says earnings jumped 27% to US$114 million ($160 million) in the second quarter ended Sept 30 from US$89 million a year ago. The improved earnings were the result of growth in China, development gains in Japan, GLP's entry into the US market and the absence of foreign exchange losses compared to the previous year. Revenue, however, slipped 2% to US$189 million from US$193 million. GLP ended at $2.28.

Sembcorp Industries saw earnings tumble 37.8% to $122.3 million in the third quarter ended Sept from $196.6 million a year ago. Revenue declined 21.8% to $2.4 billion from $3.1 billion previously, dragged down by the utilities and marine segments. Shares of Sembcorp Industries ended at $3.58.

Soilbuild Construction Group clinched a $16.4 million contract from flavour and fragrance manufacturer KH Roberts. Under the deal, Soilbuild will construct a single-user food industrial development comprising a block of two-storey factory building and a block of three-storey building at Buroh Lane. Soilbuild last traded at 24 cents.

Global Premium Hotels' earnings slid 30.1% to $3.6 million in the third quarter ended Sept from $5.1 million a year ago. Revenue fell 5.3% to $16.3 million from $17.2 million previously, due mainly to lower revenue of $1.1 million recognised from most of the hotels. Global Premium Hotels last traded at 29 cents.

AusGroup saw its earnings plunge 87.7% to A$0.35 million ($0.35 million), mainly owing to lower volumes of work for its fabrication business and restructuring costs. The group, which is involved in the marine and offshore drilling industry, recorded 1.7% increase in revenue to A$132.7 million. AusGroup closed at 15.7 cents.

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