SINGAPORE (Feb 13): Here are some stocks that could move the market this Tuesday morning:
CapitaLand reported a 37.8% drop in 4Q17 earnings to $267.7 million from a year ago, mainly due to lower handover of units for development projects in China. This brings FY17 earnings to $1.55 billion, up 30.3% from a year ago, the highest since FY2008. Shares in CapitaLand closed at $3.47 on Monday.
CapitaLand reports 37.8% fall in 4Q earnings to $267.7 mil; acquires Pearl Bank Apartments for $728 mil
Great Eastern Holdings reported a 96% increase in FY17 earnings to $1.16 billion after 4Q earnings more than doubled to $423.6 million from a year ago. In 4Q and FY17, gross premiums increased 61% and 31% to $4.3 billion and $12.6 billion from a year ago. Profit from insurance business for 4Q was $265.3 million, up 79% from the same quarter last year. For FY17, profit from insurance business increased by 72% to $899.9 million. Shares in Great Eastern closed 14 cents higher at $29.00 on Monday.
Great Eastern's 4Q earnings more than double to $423.6 mil; brings FY17 earnings to more than $1 bil
Sing Investments & Finance saw its earnings surge 63.7% to $22.7 million for the full year ended December, from $13.9 million a year ago. Net interest income and hiring charges grew 15.5% to $44.6 million in FY17. Non-interest income increased by $2.0 million in FY17. Shares of Sing Investments & Finance closed flat at $1.52 on Monday.
Sing Investments posts 63.7% rise in full-year earnings to $22.7 mil
SBS Transit announced that its FY17 earnings increased by 50.3% to $47.1 million compared to $31.4 million in FY16. Revenue for the full year ended Dec came in at $1.19 billion, 8.5% higher than $1.10 billion recorded in FY16. Shares in SBS Transit closed 5 cents higher at $2.58 on Monday.
SBS Transit posts 50.3% increase in FY17 earnings to $47.1 mil
Metro Holdings reported 3Q18 earnings surged 7.2 times to $146.7 million from a year ago., Net profit was lifted by the group’s share of a divestment gain from the disposal of eight property projects. Revenue rose 5.4% to $39.3 million. Shares in Metro closed at $1.11 on Monday.
Metro's 3Q earnings surge 7 times to $147 mil on gain from disposal of 8 projects by Top Spring
Koh Brothers Eco Engineering reported 15% higher earnings of $7.0 million for FY17 ended Dec from a year ago. This came on the back of a 48% increase in revenue to $298.4 million. Shares in Koh Brothers Eco closed 0.4 cent to 7.8 cents on Monday.
Koh Brothers Eco Engineering reports 15% higher FY17 earnings of $7 mil
US stocks finished solidly higher Monday following an upbeat session free of the jolts of volatility that plagued equities for more than a week. The Dow Jones Industrial Average rose 1.7% to close at 24,601.27. The broad-based S&P 500 gained 1.4% to end the day at 2,656.00, while the tech-rich Nasdaq Composite Index advanced 1.6% to 6,981.96.
The Straits Times Index closed up by 7.74 points, or 0.23%, to 3,384.98. In the broader market, close to 2.47 billion shares changed hands, for a value of $1.62 billion. Losers beat gainers 266 to 208, or around five down for every four up.