Results

Hong Leong Asia reports 36% drop in 3Q earnings to $2.8 mil

SINGAPORE (Nov 14): Hong Leong Asia reported a 35.7% drop in 3Q18 earnings to $2.8 million from a restated $4.4 million a year ago after the de-consolidation of the group’s consumer products unit Xinfei.

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BMW charges up an 'electrified future'

Christopher Wehner, managing director of BMW Group Asia, explains how electric cars such as the BMW i3 help drive the message of sustainability

Results

Grand Banks Yachts posts 10.1% dip in 1Q earnings on lower revenue, higher expenses

SINGAPORE (Nov 14): Grand Banks Yachts’ net profit for 1Q19 dipped 10.1% y-o-y to $1.1 million from the group’s restated earnings of $1.3 million on the back of lower revenue and higher operating expenses.

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Working in comfort

SINGAPORE (Nov 12): Imagine doing your work ensconced in a comfortable, high-back office chair with useful touches such as power plugs and USB ports. The Plenum by Republic of Fritz Hansen and designed by Jaime Hayon offers all this and more.

Results

YuuZoo ends 3Q with earnings of $4.6 mil; auditors RT resign after EGM vote

SINGAPORE (Nov 14): YuuZoo Networks Group, formerly known as YuuZoo Corporation, reported 3Q18 earnings of $4.57 million, compared to a loss of $7.24 million in 3Q17.

This brings 9M18 earnings to $1.12 million, compared to a loss of $22.0 million in 9M17.

Broker's Calls

Singapore Air gets four 'hold' calls in wake of weak 2Q results

SINGAPORE (Nov 14): Singapore Airlines reported an 81% decline in 2Q19 earnings to $56.4 million on higher fuel costs and lower passenger yield.

Including share of one-off losses of $116 million at associate Virgin Australia, 1H earnings fell 69% y-o-y to $196 million.

SIngapore energy market

Energy Market Company launches electricity procurement portal for businesses

SINGAPORE (Nov 14): Energy Market Company (EMC), a wholly-owned subsidiary of Singapore Exchange (SGX), has developed a new online portal that helps businesses purchase electricity efficiently.

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Latest News

Hong Leong Asia reports 36% drop in 3Q earnings to $2.8 mil
SINGAPORE (Nov 14): Hong Leong Asia reported a 35.7% drop in 3Q18 earnings to $2.8 million from a...
Grand Banks Yachts posts 10.1% dip in 1Q earnings on lower revenue, higher expenses
SINGAPORE (Nov 14): Grand Banks Yachts’ net profit for 1Q19 dipped 10.1% y-o-y to $1.1 million from...
YuuZoo ends 3Q with earnings of $4.6 mil; auditors RT resign after EGM vote
SINGAPORE (Nov 14): YuuZoo Networks Group, formerly known as YuuZoo Corporation, reported 3Q18...
BMW charges up an 'electrified future'

Christopher Wehner, managing director of BMW Group Asia, explains how electric cars such as the BMW

Portfolio

A budget with broad-based, long-term implications
SINGAPORE (Nov 12): Malaysia’s Budget 2019 was probably one of the most anticipated and closely watched in recent years. After all, it is the first budget from the newly installed Pakatan Harapan government. In the run-up, the government had...
Market selloff on good, bad and ugly news
SINGAPORE (Nov 5): When the good is not good enough and the bad becomes ugly. That seemed to be the overriding theme for investors as confidence took a nosedive in what has turned out to be an extremely volatile October.  Bellwether...
High savings rate a useful buffer
SINGAPORE (Oct 29): It does appear as though uncertainties, nerves and heightened volatility could become the new norm for financial markets globally. While specific geopolitical risks will ebb and flow, a widening trade spat between the US and...
More losses for Chinese stocks as volatility rises
SINGAPORE (Oct 22): Volatility appears to be the theme of the day in global stock markets. Investors are noticeably jittery, following a bruising couple of weeks, although a steadier Wall Street has allayed the worst of fears, for now....
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