Wednesday, November 4, 2015

CapitaLand, Yangzijiang, Fortune REIT, Yeo Hiap Seng, Neo Group, Cache Logistics Trust, POSH, Hafary Holdings, F&N

The following stocks may be in focus today:

CapitaLand recorded a 48.3% y-o-y increase in 3Q earnings to $192.7 million. For the three months ended September, group revenue increased 17.1% owing to higher contributions form development projects in China. This was partially offset by lower revenue recognition from development projects in Singapore and Vietnam.

Yangzijiang Shipbuilding posted a 16% decline in earnings to RMB680.6 million ($150.2 million) for 3QFY2015. Revenue grew 10% to RMB 3.7 billion.

Drink maker Yeo Hiap Seng’s 3Q earnings tripled to $9.42 million on the back of higher earnings of $3.68 million generated from its F&B division and higher foreign exchange gains of $2.03 million from other investment. For the three months to September, revenue decreased 2.6% y-o-y to $108.18 million.

Fortune Reit reported a 12 per cent rise in distribution per unit for the third quarter ended Sept 30 from a year ago to 11.54 Hong Kong cents (2.08 cents). This came on the back of a 12.9%  increase in revenue to HK$470.45 million and a 14.7 per cent increase in net property income to HK$328.9 million, thanks to strong rental reversion across its portfolio and additional income contribution from Laguna Plaza that was acquired in January.

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