1Q results

Analysts positive on ThaiBev following doubling of 1Q earnings
SINGAPORE (Feb 18): Analysts are generally positive on Thai Beverage (ThaiBev), following the group’s 1Q19 results announcement, which recorded earnings of 7.42 billion baht ($320.8 million), more than doubling from 2.96 billion baht last year. Total revenue also saw a 59.7% y-o-y jump to 72.63 billion baht, with revenue from spirits growing 28.6% to 31.68 billion bath and beer revenue ...
UOB will turn positive on Jumbo once new outlets start to show profitability
SINGAPORE (Feb 18): UOB Kay Hian is maintaining its “hold” call on Jumbo Group with a target price of 41 cents, following the group’s 1Q19 results announcement. For 1Q19, the group reported a 15.7% rise y-o-y in its earnings to $2.4 million, while revenue dropped 1.5% to $35.5 million, due to the closure of its underperforming outlets. During the quarter, gross margin increased ...
ThaiBev 1Q earnings more than double to $321 mil on revenue jump
SINGAPORE (Feb 14): Thai Beverage (ThaiBev) recorded earnings of 7.42 billion baht ($320.8 million) for the 1Q19 ended December, more than doubling from 2.96 billion baht a year ago. Total revenue jumped 59.7% to 72.63 billion baht in 1Q19, from 45.48 billion baht a year ago. Spirits revenue grew 28.6% to 31.68 billion baht during the quarter, largely due to increasing consumer purchasing ...
Kimly posts 8.2% drop in 1Q earnings to $5.3 mil on higher expenses
SINGAPORE (Feb 12): Kimly, the traditional coffee shop operators, announced that its earnings for 1Q19 have dropped by 8.2% to $5.27 million, compared to $5.75 million in 1Q18. Revenue during the quarter saw a 5.0% increase to $52.6 million from $50.1 million last year, mainly due to revenue contribution from the restaurants and confectionery businesses that were acquired in July 2018, namely ...
LHN swings back to profitability with 1Q earnings of $0.8 mil
SINGAPORE (Feb 12): Real estate management services group LHN has announced earnings of $0.8 million for the 1Q19 ended December, climbing out of the red from a net loss of $1.0 million a year ago. 1Q19 revenue grew 3.8% to $26.9 million, from $25.9 million a year ago. This was mainly due to an increase in revenue from its Facilities Management and Logistics Services businesses. Revenue ...
F&N posts 48% jump in 1Q earnings to $37.9 mil on lower costs, share of associate Vinamilk
SINGAPORE (Feb 11): Fraser and Neave (F&N) saw its earnings rise 47.5% to $37.9 million for the 1Q19 ended December, from $25.7 million a year ago. The increase was largely due to robust performance from the group’s Dairies business as well as higher profit contribution from Vinamilk, F&N’s associate company in Vietnam. 1Q19 revenue inched 0.4% higher to $464.4 million, from ...
Frasers Hospitality Trust posts 4.3% decline in 1Q DPS to 1.2542 cents
SINGAPORE (Jan 30): Frasers Hospitality Trust has recorded distribution per stapled security (DPS) of 1.2542 cents for the 1Q19 ended December, 4.3% lower than DPS of 1.3107 cents a year ago. Income available for distribution fell 3.0% to $23.7 million in 1Q19, from $24.4 million a year ago. This was mainly due to lower gross revenue in 1Q19, which fell 2.0% to $40.6 million, compared to ...
SPH posts 6.3% drop in 1Q earnings to $58 mil on lower investments contribution
SINGAPORE (Jan 11): Singapore Press Holdings (SPH), the media and property group, reported 1Q19 earnings dropped by 6.3% to $57.9 million, due to a 74.3% decline in contribution from investments as the Treasury & Investment portfolio was partially divested by August 2018 at the end of the previous financial year. Total revenue, made up of operating revenue and other operating income, fell ...
UG Healthcare posts 1Q earnings up 20.8% to $1.04 mil
SINGAPORE (Nov 12): UG Healthcare announced 1Q19 earnings have increased by 20.4% to $1.04 million, compared to $0.86 million in 1Q18. Revenue for the first quarter ended September came in at $20.3 million, 11.4% higher than $18.3 million in the previous year, mainly due to an increase in the volume of gloves produced and sold resulting from the commencement of new production lines and ...
Starhill Global REIT's attractive yields to support its weak fundamentals
SINGAPORE (Nov 1): The manager of Starhill Global REIT posted a 1Q19 DPU of 1.15 cents, 4.2% lower than 1.20 cents in 1Q18. During the period, gross revenue dropped by 1.8% to $52.0 million from $53.0 million last year, mainly due to lower contributions from Wisma Atria and the Australia Properties as a whole largely due to the depreciation of AUD against SGD. Net property income came in at ...