Monday, November 2, 2015

DBS, NOL, UIC, Creative, Japfa, Roxy-Pacific, OKP, Soilbuild Construction, Saizen REIT, Singtel

The following stocks may be in focus today:

DBS Group recorded 6% y-o-y increase in 3Q earnings to $1.07 billion. Total income rose 8% to $2.71 billion as net interest income increased 13% to $1.81 billion. Loans grew a reported 9% to $285 billion.

The manager of Saizen REIT says it has accepted an offer for the acquisition of all the property assets in Saizen REIT’s portfolio in Japan by Triangle TMK for JPY44.7 billion ($517.3 million) or $1.17 per unit.

NOL Group posted a wider loss of US$96.1 million ($134.6 million) in the third quarter ended Sept 18, 2015, from a loss of US$23.1 million a year earlier. Revenue tumbled 28% to US$1.21 billion from US$1.68 billion previously.

Property development and investment firm United Industrial Corp (UIC) posted a 9% increase in its 3Q earnings to $65.3 million. Revenue was up 6% at $189.4 million, buoyed by higher trading property sales.

Construction and road maintenance company OKP Holdings saw its 3Q earnings rise 254.8% to $1 million, owing to lower costs of labour, construction materials and sub-contracting works.

Creative Technology, which makes digital entertainment products, saw its 1Q net loss narrow by 42% to US$13.9 million ($19.5 million), owing to restructuring exercise in the quarter.

Roxy-Pacific Holdings, the property and hospitality group, posted a 7% rise in its 3Q earnings to $13.3 million. Revenue went up 31% to $87.6 million

Japfa’s 3Q earnings fell 26% to US$8 million ($11.2 million), in what the agri-food company described as its best performance since listing. Revenue slipped 11% to US$695 million.

Soilbuild Construction Group’s 3Q earnings slid 24% to $3 million. Revenue grew 26% to $78.2 million

Tianjin ZhongXin Pharmaceutical Group’s 3Q earnings surged 64% to RMB96 million ($21.2 million). Revenue dropped 5% to RMB1.7 billion.

Polaris expects to record a net loss for the financial year ending December.

Overseas Education expects it will record a “materially lower” profit before income tax in the third quarter ended Sept 30, 2015 compared with a year earlier.

Singtel’s Australian unit Optus has won the bid for the exclusive Australian rights to the Barclays Premier League for three seasons, starting in August next year. This includes live broadcast coverage and digital rights for broadband and mobile for all 380 Premier League games, every season.

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