1Q results

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 ...
Starhill Global REIT records 4.2% drop in 1Q DPU to 1.15 cents
SINGAPORE (Oct 30): The manager of Starhill Global REIT has declared  a 1Q19 DPU of 1.15 cents, 4.2% lower compared to 1.20 cents in 1Q18. However, on a q-o-q basis, DPU grew 5.5% from 1.09 cents in 4Q18. As at Sept 2018, the REIT’s portfolio consists of properties in Singapore – 74.23% of Wisma Atria and 27.23% of Ngee Ann City; Australia – Myer Centre Adelaide, David Jones ...
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 ...
Ascendas Hospitality Trust reports 3.1% rise in 1Q DPS to 1.35 cents
SINGAPORE (Aug 2): The managers of Ascendas Hospitality Trust (A-HTRUST) reported distribution per stapled security (DPS) of 1.35 cents for the 1Q18/19 ended June, some 3.1% higher than DPS of 1.31 cents a year ago. This was largely due to the partial distribution of the proceeds from the divestment of the two hotels in Beijing, as well as and lower net finance costs. 1Q18/19 gross revenue ...
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 ...