Here are some stocks to watch this Wednesday morning.
CapitaLand recorded a 35.4% rise in 1Q earnings to $218.3 million, lifted by a fair value gain realised from the divestment of a property in China, Somerset ZhongGuanCun Beijing. Group revenue decreased 2.3% to $894.2 million mainly due to the absence of a fair value gain of $59.6 million arising from the change in use of Ascott Heng Shan Shanghai in 1Q 2015, and lower contributions from the group’s development projects in Singapore and Vietnam. CapitaLand closed 1.9% higher at $3.22 on Tuesday.
OSIM International's earnings tumbled 42% to $7.8 million in the first quarter ended March 31, 2016 from $13.5 million a year ago. The poorer bottom line came on the back of declining sales as revenue fell 8% to $138 million from $150 million. Start-up and operational cost pressures at TWG Tea were also to be blamed, according to the company well-known for its message chairs. The firm declared no interim dividend in the quarter, compared with the one-cent interim dividend in the year-ago period. Shares of OSIM ended down 0.5 cent or 0.4% at $1.39.
SMRT Corporation’s wholly-owned subsidiary SMRT Services has agreed with 2 Getthere Holding B.V. (2GT) the terms of a joint venture to market, supply and operate Automated Vehicle Systems in Asia-Pacific. Under the agreement, a joint venture company, 2getthere Asia (2GT Asia) has been incorporated on Tuesday. 2GT Asia is a private company limited of which 51% and 49% are held by SMRT Services and 2GT respectively. SMRT closed 1.32% lower at $1.50.
Agriculture firm Olam International has signed a five-year loan agreement with a member of the World Bank Group, IFC, for US$175 million ($237 million). The loan will be used to finance working capital and capital expenditures for four food-processing plants in Nigeria and India. These include Hemarus sugar mill and spice processing plants in India, as well as sesame hulling and crown flourmill facilities in Nigeria. Olam ended 0.6% higher at $1.73.
Sim Lian Group's four-bedroom units at Wandervale, the first executive condominium to be launched this year, have been sold out. Around 60% of the 534-unit development in Choa Chu Kang has been booked as at April 19 despite a challenging economic environment, the property developer says. Sim Lian last traded at 80 cents.
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
CapitaLand recorded a 35.4% rise in 1Q earnings to $218.3 million, lifted by a fair value gain realised from the divestment of a property in China, Somerset ZhongGuanCun Beijing. Group revenue decreased 2.3% to $894.2 million mainly due to the absence of a fair value gain of $59.6 million arising from the change in use of Ascott Heng Shan Shanghai in 1Q 2015, and lower contributions from the group’s development projects in Singapore and Vietnam. CapitaLand closed 1.9% higher at $3.22 on Tuesday.
OSIM International's earnings tumbled 42% to $7.8 million in the first quarter ended March 31, 2016 from $13.5 million a year ago. The poorer bottom line came on the back of declining sales as revenue fell 8% to $138 million from $150 million. Start-up and operational cost pressures at TWG Tea were also to be blamed, according to the company well-known for its message chairs. The firm declared no interim dividend in the quarter, compared with the one-cent interim dividend in the year-ago period. Shares of OSIM ended down 0.5 cent or 0.4% at $1.39.
SMRT Corporation’s wholly-owned subsidiary SMRT Services has agreed with 2 Getthere Holding B.V. (2GT) the terms of a joint venture to market, supply and operate Automated Vehicle Systems in Asia-Pacific. Under the agreement, a joint venture company, 2getthere Asia (2GT Asia) has been incorporated on Tuesday. 2GT Asia is a private company limited of which 51% and 49% are held by SMRT Services and 2GT respectively. SMRT closed 1.32% lower at $1.50.
Agriculture firm Olam International has signed a five-year loan agreement with a member of the World Bank Group, IFC, for US$175 million ($237 million). The loan will be used to finance working capital and capital expenditures for four food-processing plants in Nigeria and India. These include Hemarus sugar mill and spice processing plants in India, as well as sesame hulling and crown flourmill facilities in Nigeria. Olam ended 0.6% higher at $1.73.
Sim Lian Group's four-bedroom units at Wandervale, the first executive condominium to be launched this year, have been sold out. Around 60% of the 534-unit development in Choa Chu Kang has been booked as at April 19 despite a challenging economic environment, the property developer says. Sim Lian last traded at 80 cents.
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
0 comments:
Post a Comment