Here are some stocks to watch this Monday morning.
Raffles Medical Group’s 1Q earnings rose 3.7% to $15.53 million. Revenue increased 23% to $116.86 million, thanks to strong performances from its healthcare services and hospital services division. This, however, was offset by higher staff costs, inventories and consumables used, as well as operating lease and other operating expenses. Raffles Medical closed at $4.59 on Friday.
United Industrial Corp’s earnings slipped 2% to $59.7 million in the first quarter ended March 31, 2016, from $60.8 million a year ago. The weaker bottom line came mainly on the absence of contribution from the Archipelago joint venture residential project which was completed last September. Lower contribution from the Thomson Three joint venture residential property projects also led to the reduced earnings, said the property developer. Shares of UIC closed at $2.95.
Marco Polo Marine has obtained a stay of the entirety of the court proceedings instituted by PPL Shipyard against the former for payment under a guarantee. This follows a legal suit by PPL, which demanded that Marco Polo as the guarantor make immediate payment of the second 10% of a US$214.3 million ($290.5 million) rig construction contract entered between Marco Polo's subsidiary and the former. Marco Polo closed at 18.8 cents.
Cache Logistics Trust posted a DPU of 2.039 cents for the first quarter ended March, down 5% from a year ago. Distributable income was $18.2 million, up 8.6% year-on-year. The dip in DPU was primarily due to an enlarged units base. Cache ended down 0.5 cent or 0.6% at 89 cents.
The Singapore High Court has dismissed an appeal by a Bahrain bank, Arab Banking Corporation, against engineering firm Boustead Singapore. Arab Bank's appeal was regarding an US$18.8 million dispute between it and Boustead that lasted four years. Boustead said the court's decision "finally and conclusively discharges the company's liability to Arab Bank under the facility agreements". Boustead shares lst traded at 80 cents.
F&B company Yeo Hiap Seng’s 1Q earnings plunged 41% to $5.4 million amid falling sales in the F&B division. Revenue decrease 8.6% to $111 million in 1Q. The group expects F&B margins to remain compressed this year amid weak outlook in key markets. YHS ended at $1.34.
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Raffles Medical Group’s 1Q earnings rose 3.7% to $15.53 million. Revenue increased 23% to $116.86 million, thanks to strong performances from its healthcare services and hospital services division. This, however, was offset by higher staff costs, inventories and consumables used, as well as operating lease and other operating expenses. Raffles Medical closed at $4.59 on Friday.
United Industrial Corp’s earnings slipped 2% to $59.7 million in the first quarter ended March 31, 2016, from $60.8 million a year ago. The weaker bottom line came mainly on the absence of contribution from the Archipelago joint venture residential project which was completed last September. Lower contribution from the Thomson Three joint venture residential property projects also led to the reduced earnings, said the property developer. Shares of UIC closed at $2.95.
Marco Polo Marine has obtained a stay of the entirety of the court proceedings instituted by PPL Shipyard against the former for payment under a guarantee. This follows a legal suit by PPL, which demanded that Marco Polo as the guarantor make immediate payment of the second 10% of a US$214.3 million ($290.5 million) rig construction contract entered between Marco Polo's subsidiary and the former. Marco Polo closed at 18.8 cents.
Cache Logistics Trust posted a DPU of 2.039 cents for the first quarter ended March, down 5% from a year ago. Distributable income was $18.2 million, up 8.6% year-on-year. The dip in DPU was primarily due to an enlarged units base. Cache ended down 0.5 cent or 0.6% at 89 cents.
The Singapore High Court has dismissed an appeal by a Bahrain bank, Arab Banking Corporation, against engineering firm Boustead Singapore. Arab Bank's appeal was regarding an US$18.8 million dispute between it and Boustead that lasted four years. Boustead said the court's decision "finally and conclusively discharges the company's liability to Arab Bank under the facility agreements". Boustead shares lst traded at 80 cents.
F&B company Yeo Hiap Seng’s 1Q earnings plunged 41% to $5.4 million amid falling sales in the F&B division. Revenue decrease 8.6% to $111 million in 1Q. The group expects F&B margins to remain compressed this year amid weak outlook in key markets. YHS ended at $1.34.
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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