1Q earnings

mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil
SINGAPORE (Aug 14): mm2 Asia reported 1Q19 earnings increased by 13.2% to $7.25 million, compared to $6.40 million in 1Q18. This came on the back of the group’s revenue almost doubling to $49.0 million from $24.6 million in the previous year. This was mainly contributed by the group’s business assets from Lotus Fivestar Cinemas in Malaysia and a newly acquired subsidiary, Cathay ...
Courts Asia sinks into the red in 1Q on lower revenue
SINGAPORE (Aug 13): Courts Asia sank into the red with a net loss of $2.2 million for the 1Q ended June, compared to earnings of $6.1 million a year ago. 1Q18/19 revenue slipped 3.6% to $179.8 million, from $186.6 million a year ago. The decline was due to a 20.6% drop in Malaysia revenue during the quarter, mainly due to lower earned service charge income. Malaysia revenue accounted for ...
MIT kept at 'neutral' on headwinds from vacancies and negative reversions
SINGAPORE (July 26): Phillip Capital is maintaining Mapletree Industrial Trust (MIT) at “neutral” with a target of $2.09 given headwinds from vacancies and negative reversions in the industrial sector. However, contribution from inorganic sources such as the US data centres JV and and Mapletree Sunview 1 were enough to offset organic weakness. On Tuesday, MIT's manager reported 1Q19 DPU ...
AA REIT posts flat 1Q DPU of 2.50 cents
SINGAPORE (July 26): The manager of AIMS AMP Capital Industrial REIT’s (AA REIT) reported 1Q19 DPU of 2.50 cents, unchanged from 1Q18. 1Q19 total distributable income came in at $17.1 million. 7.1% higher than the $16 million posted a year ago. Gross revenue for the quarter was $28.9 million, 5.2% lower than $30.5 million a year ago. This was mainly due to lower rental and recoveries ...
Improved earnings prospects to translate into higher valuations for MapletreeLog
SINGAPORE (July 25): Analysts are remaining positive on Mapletree Logistics Trust (MLT) following the trust’s recent 1Q19 earnings announcement. MLT recorded a 3.7% rise in 1Q19 DPU to 1.957 cents, compared to 1Q18 DPU of 1.887 cents. Gross revenue for the quarter was 10.1% higher at $105.4 million from $95.8 million last year, which brought net property income (NPI) to $89.8 million, ...
SATS reports 11.5% rise in 1Q earnings to $63.9 mil; Turkish Airlines agreement mutually terminated
SINGAPORE (July 19): Gateway services and food solutions provider SATS saw its earnings rise 11.5% to $63.9 million for the 1Q ended June, from $57.3 million a year ago. 1Q18-19 revenue grew 3.0% to $439.4 million, from $426.5 million a year ago. Revenue from its food solutions segment rose 2.7% to $239.5 million, while revenue from its gateway services segment grew 3.4% to $199.6 ...
Jadason's 1Q performance impacted by sector slowdown
SINGAPORE (May 18): RHB is maintaining its “neutral” call on Jadason with a lower target price of 5 cents. The group’s 1Q18 earnings dropped 93% to $21,000 from $0.3 million in 1Q17. Revenue was 1% lower y-o-y at $13.2 million, while cost of sales rose 5% to $11.2 million. Hence, gross profit came in at $2.1 million, 22% lower y-o-y. See: Jadason kept at 'add' despite earnings ...
Accumulate on GSS Energy's current price weakness: RHB
SINGAPORE (May 18): GSS Energy reported a 36.1% fall in 1Q18 earnings to $0.67 million from $1.05 million in 1Q17, on the back of higher expenses. Revenue was 12.4% higher at $24.4 million from $21.7 million a year ago, entirely contributed by the group’s precision engineering (PE) business. This brought 1Q18 gross profit to $5.69 million, 11.9% higher than $5.09 million last ...
Asian Pay Television Trust posts 1Q DPU of 1.625 cts; gets upgraded to 'buy' on share price weakness
SINGAPORE (May 17): Asian Pay Television Trust (APTT) on May 14 announced that an ordinary interim distribution of 1.625 cents per unit in 1Q18, which remained consistent compared to 1Q17. Revenue for the quarter was 6.8% lower at $77.0 million from $82.6 million a year ago, negatively affected by weaker selling prices from TV prepaid packages and a significant drop in non-subscription revenue ...
ISDN Holdings kept at 'buy' following stellar 1Q results
SINGAPORE (May 17): UOB Kay Hian is reiterating its “buy” call on ISDN Holdings with a target price of 36.5 cents after the group delivered a stellar 1Q18 results, with earnings trebling to $5.2 million from $1.7 million in 1Q17. This was mainly due to a strong growth in revenue, as well as the absence of one-off listing expenses and net foreign exchange losses. 1Q18 revenue grew 12.6% ...