4Q earnings

Silverlake Axis posts 86% increase in 4Q earnings to $22.3 mil on higher sales, other income

SINGAPORE (Aug 23): Silverlake Axis reported 4Q19 earnings of RM67.5 million ($22.3 million), 86% higher versus RM36.2 million in 4Q18.

The quarterly bottomline also brings FY19 earnings to RM245.6 million, 83% higher than RM134.1 million in FY18.

In 4Q19, revenue came in 30% higher at RM189.3 million from RM145.5 million a year ago, with the group’s software project services seeing the higher revenue increase of 262% y-o-y to RM35.2 million.

Starhill Global REIT reports 0.9% higher 4Q DPU of 1.1 cents

SINGAPORE (July 30): The manager of Starhill Global REIT (Starhill REIT) has declared a 4Q19 DPU of 1.10 cents, 0.9% higher than 1.09 cents in 4Q18.

For the full year ended June, DPU came in at 4.48 cents, 1.5% lower than 4.55 cents in FY18.

Lian Beng 4Q earnings drop 70% to $16.7 mil on absence of one-off gain

SINGAPORE (July 30): Local construction group Lian Beng reported 4Q19 ended June earnings fell 69.5% to $16.7 million from $55 million in 4Q18.

This brings FY19 earnings to $30.8 million, 62.4% lower than $82.0 million reported in FY18.

However, had the new SFRS (I) not been adopted, group earnings for FY19 would have been $61.1 million, 12.9% higher than $54.4 million in FY18.

Netlink NBN Trust offers shelter against volatility: UOB

SINGAPORE (May 28): UOB Kay Hian is maintaining its “buy” call on Netlink NBN Trust (NLT), in line with consensus, as the stock offers an attractive shelter against external volatility.

This came on the back of NLT posting a 31% y-o-y rise in its 4Q19 earnings to $20 million, with DPU of 2.44 cents for the period from Oct 1, 2018 to Mar 31.

This brings the total DPU for FY19 to 4.88 cents, which exceeds projection by 5.2% and translates to a yield of 6.0%.

NetLink NBN posts 31% rise in 4Q earnings to $20 mil; declares 2.44 cents DPU

SINGAPORE (May 13): NetLink NBN Trust has declared a 4Q19 DPU of 2.44 cents for the period from Oct 1, 2018 to Mar 31.

This brings the total DPU for FY19 to 4.88 cents, which exceeds projection by 5.2% and translates to a yield of 6.0%.

4Q19 earnings increased 30.7% to $20 million, compared to $15.3 million in 4Q18.

Revenue for the quarter of $87.9 million was in line with forecast and 8.9% higher than $80.7 million a year ago.

SIA Engineering posts 12.3% drop in 4Q earnings to $49.3 mil; declares 8 cents final dividend

SINGAPORE (May 10): SIA Engineering reported 4Q19 earnings of $49.3 million, 12.3% lower compared to 4Q18 earnings of $56.2 million.

Excluding the $15 million gain on divestment of Asian Compressor Technology Services (ACTS), 4Q19 earnings would have been 19.7% higher

Revenue for the quarter came in at $256.0 million, 7.4% lesser than $276.4 million a year ago, mainly from lower fleet management activities.

Ascendas Hospitality Trust posts 2.9% increase in 4Q DPS to 1.77 cents

SINGAPORE (May 9): Ascendas Hospitality Trust (A-HTRUST) reported a 2.9% increase in its 4Q19 distribution per stapled security (DPS) to 1.77 cents, compared to 1.72 cents in 4Q18, as income available for distribution increased by 3.5% y-o-y to $20.1 million.

This was mainly attributed to full quarter contribution from the five hotels acquired during the financial year, lower net finance costs and partial distribution of the proceeds from the divestment of the two hotels in Beijing.

This brings FY19 DPS to 6.03 cents, 2.9% higher than 5.86 cents in FY18.

MNACT is one of DBS's best-performing S-REITs year to date

SINGAPORE (May 3): DBS Group Research is reiterating its “buy” call on Mapletree North Asia Commercial Trust (MNACT) with a higher target price of $1.60 from $1.45 previously.

The research house likes MNACT for its resilient and steady DPU profile combined with quality Grade A assets in Hong Kong, China and Japan. MNACT also remains to be the research house’s key picks and has been one of its best-performing S-REITs year to date.

Analysts like Mapletree Log on stable CWT situation, positive 4Q results

SINGAPORE (Apr 30): Analysts like Mapletree Logistics Trust (MLT) given its positive 4Q19 results, stable CWT situation and capital recycling strategy.

See: Analyst sentiments on Mapletree Logistics Trust turn lukewarm due to valuations

The manager of MLT on Apr 26 announced that its 4Q19 DPU of 2.024 cents, 4.5% y-o-y , as the amount distributable to unitholders increased by 23.8% y-o-y to $73.3 million.

AREIT posts 6.1% increase in 4Q DPU to 4.1 cents on higher revenue, lower non-property expenses

SINGAPORE (Apr 29): The manager of Ascendas REIT (AREIT) announced that its 4Q19 DPU has increased by 6.1% to 4.148 cents compared to 3.910 cents in 4Q18, with amount available for distribution increasing by 12.7% y-o-y to $129.0 million.

This brings FY19 DPU to 16.035 cents, 0.3% higher than 15.988 cents in FY18.

As at end March, the REIT’s total portfolio consists of 171 properties – 98 properties in Singapore, 35 properties in Australia and 38 properties in UK.

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