1Q20 results


IHH Healthcare reports loss of RM319.8 mil for 1Q20

Private healthcare operator IHH Healthcare reported a net loss of RM319.8 million ($103.8 million) for 1Q20, from the RM89.5 million profit a year ago.


First Resources posts 80.9% surge in earnings to $31.4 mil for 1Q20

First Resources has reported an 80.9% surge y-o-y in its 1Q20 earnings (or net profit) to US$22.2 million (S$31.4 million) from the US$12.3 million in 1Q19.


Cromwell REIT's 1Q earnings up on higher logistics rents; undecided on DPU cuts

As businesses look towards cutting costs, Cromwell European Real Estate Investment Trust (CEREIT) has interestingly bucked this trend with a positive rent reversion of some 12.1% for 1Q20 ended March.

Broker's Calls

Genting Singapore’s weak performance from 1Q20 likely to continue into 2Q20: analysts

Analysts believe Genting Singapore’s 2Q20 results are likely to fare worse than its 1Q20 results.


Dorm operator Centurion braces for slower earnings despite 13% increase in 1Q20 revenue

While the numbers are looking up, Centurion has flagged concerns of rising operating costs amid the Covid-19 pandemic.


Sasseur REIT posts 19.4% drop in 1Q20 DPU to 1.334 cents

Total outlet sales for 1Q20 fell 55.7% to RMB 534.5 million (S$106.8 million), due to the operational disruptions and temporary closures arising from the Covid-19 pandemic.


Golden Agri reports net loss of $134.6 million for 1Q on foreign exchange transaction loss

Revenue edged up 2% to US$1.66 billion due to higher average selling prices.


Venture Corp reports 33.6% drop in 1Q20 earnings to $60.3 mil on lockdown measures

Venture Corporation posted earnings of $60.3 million for the 1Q2020 ended March, some 33.6% lower than $90.9 million a year ago.


First REIT posts 1Q DPU of 1.86 cents, on enlarged unit base

Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), has reported a distribution per unit (DPU) of 1.86 cents for the 1Q2020 ended March, down 13.5% y-o-y, as the REIT’s unit base has grown bigger.


Sunningdale Tech reports 1Q20 earnings of $2.4 million

Sunningdale Tech, the precision plastic manufacturer, reported 1Q2020 earnings of $2.4 million, up 205.3%.