The following stocks may be in focus today:
Singapore Exchange’s total securities market turnover value fell 23% in April, compared to a month ago, and dropped 21% from the year before. Securities daily average value (SDAV) decreased 19% to $1 billion compared to March, while the SDAV was down 21% compared to a year ago.
Frasers Centrepoint's (FCL’s) earnings slid 13.8% to $123.3 million in the second quarter ended March 31, 2016, from $143 million a year ago. The poorer bottom line stemmed mainly from FCL's share of fair value losses of joint ventures and associates. Revenue more than doubled to $897.9 million from $441.6 million previously. The improved top line came mainly on maiden profit recognition from the completion of the Twin Fountains executive condominium project and progressive development profits from the North Park Residences private condominium project here.
ST Engineering’s aerospace arm ST Aerospace has injected additional capital of US$24.5 million ($33.4 million) into its joint venture company ST Aerospace (Guangzhou) Aviation Services Company. ST Aerospace’s new total share capital in joint venture stands at US$44.1 million. The additional funding will be used to support expansion and business growth.
Bonvests Holdings’ 1Q earnings ended 0.4% lower at $7.8 million despite a 15.9% rise in revenue, weighed down by higher finance costs and higher fair value loss. Finance costs for the period ended March 31, 2016 went up to $1.6 million from $0.6 million a year ago, due mainly to higher borrowings and higher interest rates. Earnings was dragged by the investment division which recorded a segment loss of $0.96 million for the quarter from the $0.09 million loss a year ago, due mainly to higher fair value loss in Q1 2016 on the market value of quoted equities.
Serial System sunk into losses of US$6.6 million ($9 million) in 1Q16, from earnings US$3.1 million in 1Q15. Loss per share for 1Q16 amounted to 73 cents, compared to earnings per share of 34 cents a year earlier. The electronics components distributor says this was due to lower gross profit margin, higher share of losses from associated companies and increased currency translation losses and higher allowances for inventory obsolescence. Revenue rose to US$332.8 million, up 27% from US$261.8 million in 1Q15, largely driven by its electronic components and consumer products distribution businesses.
Higher sales and other income boosted BreadTalk’s 1Q earnings to $2.4 million, up 22.2% from the year before. Revenue rose 1.4% to $154.6 million, driven by its restaurant division, in particular Din Tai Fung Thailand and the recovery at Ramen Play which recorded sales of $36.9 million, up 9.9% from a year ago.
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
Singapore Exchange’s total securities market turnover value fell 23% in April, compared to a month ago, and dropped 21% from the year before. Securities daily average value (SDAV) decreased 19% to $1 billion compared to March, while the SDAV was down 21% compared to a year ago.
Frasers Centrepoint's (FCL’s) earnings slid 13.8% to $123.3 million in the second quarter ended March 31, 2016, from $143 million a year ago. The poorer bottom line stemmed mainly from FCL's share of fair value losses of joint ventures and associates. Revenue more than doubled to $897.9 million from $441.6 million previously. The improved top line came mainly on maiden profit recognition from the completion of the Twin Fountains executive condominium project and progressive development profits from the North Park Residences private condominium project here.
ST Engineering’s aerospace arm ST Aerospace has injected additional capital of US$24.5 million ($33.4 million) into its joint venture company ST Aerospace (Guangzhou) Aviation Services Company. ST Aerospace’s new total share capital in joint venture stands at US$44.1 million. The additional funding will be used to support expansion and business growth.
Bonvests Holdings’ 1Q earnings ended 0.4% lower at $7.8 million despite a 15.9% rise in revenue, weighed down by higher finance costs and higher fair value loss. Finance costs for the period ended March 31, 2016 went up to $1.6 million from $0.6 million a year ago, due mainly to higher borrowings and higher interest rates. Earnings was dragged by the investment division which recorded a segment loss of $0.96 million for the quarter from the $0.09 million loss a year ago, due mainly to higher fair value loss in Q1 2016 on the market value of quoted equities.
Serial System sunk into losses of US$6.6 million ($9 million) in 1Q16, from earnings US$3.1 million in 1Q15. Loss per share for 1Q16 amounted to 73 cents, compared to earnings per share of 34 cents a year earlier. The electronics components distributor says this was due to lower gross profit margin, higher share of losses from associated companies and increased currency translation losses and higher allowances for inventory obsolescence. Revenue rose to US$332.8 million, up 27% from US$261.8 million in 1Q15, largely driven by its electronic components and consumer products distribution businesses.
Higher sales and other income boosted BreadTalk’s 1Q earnings to $2.4 million, up 22.2% from the year before. Revenue rose 1.4% to $154.6 million, driven by its restaurant division, in particular Din Tai Fung Thailand and the recovery at Ramen Play which recorded sales of $36.9 million, up 9.9% from a year ago.
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