3Q17

Singapore consumer confidence index climbs to 94 pts in 3Q17, says Nielsen
SINGAPORE (Dec 21): Singapore’s 3Q17 consumer confidence index climbed to 94 points, up 5 points from last quarter’s 89, according data analytics firm Nielsen. “Accounting for two-thirds of Singapore’s economy, robust expansions in the manufacturing and service sectors have led to a rebound in Singapore’s economy in this quarter. The rising consumer confidence is also reflected in ...
Robust balance sheet & occupancy rates keep Wheelock Properties at 'buy'
SINGAPORE (Nov 24): OCBC Investment Research is maintaining its “buy” call on Wheelock Properties with an unchanged fair value estimate of $2.27, given the stock is attractively priced at 0.74 times FY16 book. This comes after Wheelock reported 3Q17 results that were broadly in line with the research house’s expectations, indicating a strengthening of the group’s balance sheet in spite ...
TPV Technology sinks into the red in 3Q
SINGAPORE (Nov 24): TPV Technology announced a loss of US$19.6 million ($26.4 million) for the 3Q17 ended Sept compared to profits of US$18.6 million in 3Q16. This was due to a US$21 million inventory provision, higher selling expenses and the fair market valuation loss from foreign exchange (forex) hedges.   Revenue was largely unchanged at US$2.5 million compared to a year ago, with ...
Poh Tiong Choon's 3Q earnings dip 3% to $2.7 mil on higher expenses
SINGAPORE (Nov 14): Poh Tiong Choon Logistics announced earnings of $2.7 million for the third quarter ended Sept, down 3% from $2.8 million a year ago due to higher total expenses. Revenue for the quarter grew 5% to $36.7 million compared to $34.8 million, due to higher volumes handled by both the group’s Warehousing and Transport Operations segments. Total expenses, however, increased ...
Fu Yu Corp posts 56% lower 3Q earnings but still declares second interim dividend of 0.25 cent
SINGAPORE (Nov 14): Fu Yu Corporation reported a 55.9% decline in 3Q17 earnings to $0.8 million compared to earnings of $1.8 million in the same period a year ago, due to higher operating expenses and a loss of joint venture. The manufacturer and supplier of high-precision injection moulds and plastic parts posted 4.5% higher revenue of $50.2 million from $48.1 million a year ago on higher ...
Straco posts 6.1% lower 3Q earnings of $21.3 mil
SINGAPORE (Nov 14): Straco Corporation announced earnings of $21.3 million for 3Q17, representing a 6.1% decline from its 3Q16 earnings of $22.7 million a year ago, on lower revenue and higher expenses. Revenue for the quarter fell 3.2% to $461 million from $47.6 million a year ago due to lower income from its Underwater World Xiamen (UWX) business in China, which was offset in part by ...
Amara posts 20% lower 3Q earnings of $3.2 mil on higher costs
SINGAPORE (Nov 13): Amara Holdings reported a 20% decline in 3Q17 earnings to $3.2 million from $4 million in the same period a year ago, on higher costs incurred over the quarter ended Sept. Revenue for the quarter grew 12% to $22.2 million from $19.8 million previously, mainly due to higher revenue contributions from the group’s Hotel Investment and Management segment and Property ...
Sapphire posts 3Q earnings of $3.6 mil; directors to step down for board renewal in share-swap deal
SINGAPORE (Nov 13): Sapphire Corporation, the railway infrastructure engineering firm, has announced earnings of RMB17.6 million ($3.6 million) for the 3Q ended Sept, a 31.1% improvement from RMB13.4 million a year ago on higher revenue. Revenue for the quarter grew 22.6% to RMB369.5 million from RMB301.4 million previously on the completion of its subsidiary Ranken Infrastructure Limited’s ...
CWG's 3Q losses narrow to $5 mil on higher revenue
SINGAPORE (Nov 13): Property developer CWG International saw 3Q losses narrow to RMB25 million ($5 million) from RMB53.3 million a year ago on a surge in revenue over the quarter. Revenue grew 63% to RMB193 million ($39.6 million) from RMB118.1 million a year ago, primarily due to an increase in the number of property units in Australia handed over to customers. Revenue for the property ...
Zhongmin Baihui posts 20% lower 3Q earnings on higher expenses & lower margins
SINGAPORE (Nov 13): Zhongmin Baihui has announced profit after taxation of RMB9.8 million ($2 million) for the 3Q ended Sept, representing a 20% decline from RMB12.3 million in earnings in the previous year on higher expenses and lower margins. Revenue for the quarter grew 17% to RMB241.8 million from RMB206.8 million previously on higher contributions from additional stores which opened at ...