4Q results

Banyan Tree kept at 'accumulate' by Phillip on higher property sales, contract wins
SINGAPORE (Mar 11): Banyan Tree on Feb 27 announced that its 4Q18 earnings have increased by 44% y-o-y to $5.63 million, while revenue increased by 4% y-o-y to $92.8 million. Other income surged 171% to $24.3 million and share of results of associates saw a significant increase to $12.3 million compared to $0.86 million last year. For FY18, earnings were 4% up from the previous year at ...
Delfi kept at 'buy' on higher demand, right-sizing and repricing
SINGAPORE (Mar 1): Delfi on Wednesday announced 4Q18 earnings increased 70.4% y-o-y to US$4.13 million ($5.57 million), while revenue was 8.1% higher at US$107.9 million. For FY18, the group recorded a 6% increase in earnings to US$20.9 million compared to the same period a year ago, with a 12.0% y-o-y growth in earnings to US$427.0 million. The group has also declared a final cash dividend ...
China Aviation Oil posts 23.9% increase in 4Q earnings to $25.2 mil
SINGAPORE (Feb 28): China Aviation Oil (CAO) has announced a 23.88% increase in its 4Q18 earnings to US$18.7 million ($25.2 million), compared to US$15.1 million in 4Q17, mainly from the reduction in operating expenses and increase in gross profit. This brings FY18 earnings to US$93.9 million, 10.52% higher than US$84.9 million in FY17. Revenue for 4Q18 was 7.79% higher at US$4.38 billion ...
China Sunsine posts 18% decline in 4Q earnings to $21.9 mil on lower revenue
SINGAPORE (Feb 28): China Sunsine Chemical Holdings has announced earnings of RMB 108.6 million ($21.9 million) for the 4Q18 ended December, 18% lower than RMB 132.0 million a year ago. This brings full-year earnings to RMB 641.3 million for FY18, 88% higher than RMB 341.3 million a year ago. 4Q18 revenue fell 12% to RMB 770.1 million, from RMB 873.3 million a year ago, despite a 3% growth ...
Food Empire posts turnaround in 4Q with earnings of $3.7 mil
SINGAPORE (Feb 28): Food Empire has announced that it has reversed out of the red in 4Q18 with earnings of US$2.72 million ($3.67 million), compared to a loss of US$2.75 million in 4Q17. This brings FY18 earnings to US$18.1 million, 28.0% higher than US$14.1 million in FY17. However, revenue for the quarter dropped by 5.6% to US$70.0 million from US$74.1 million last year, mainly due to ...
APAC Realty posts 48% drop in 4Q earnings to $4.1 mil on lower revenue
SINGAPORE (Feb 28): Real estate agency APAC Realty, which operates the ERA brand, has announced a 48.1% drop in earnings to $4.1 million for the 4Q18 ended December, from $7.9 million a year ago, on the back of lower revenue. This bring full-year earnings to $24.2 million for FY18, 6.4% lower than earnings of $25.9 million a year ago. Total revenue fell 36.9% to $81.9 million in 4Q18, from ...
UMS cut to 'reduce' by CGS-CIMB amid industry slowdown
SINGAPORE (Feb 28): CGS-CIMB is downgrading its call on UMS Holdings to “reduce” from “hold” with a reduced target price of 62 cents from 75 cents previously. In a Wednesday report, analyst William Tng says, “We cut our FY19-20F core EPS as the slowdown gathers pace.” “Downside risk is order pullback by its customer. Upside risk is stronger-than-expected orders from its ...
IHH Healthcare 4Q earnings surge fivefold to $169 million on stronger operational performance
SINGAPORE (Feb 27): IHH Healthcare has announced that its 4Q18 earnings increased by more than five times to RM509.4 million ($168.8 million), compared to RM101.3 million in 4Q17 on stronger operational performance and forex gains from Acibadem’s non-Lira loans. However, earnings for FY18 dropped 35% to RM627.7 million from RM970.0 million in FY17 on absence of one-off gain on disposal of ...
Thomson Medical returns to profitability in FY18 with earnings of $2.2 mil; announces special dividend
SINGAPORE (Feb 27): Healthcare services provider Thomson Medical Group (TMG), formerly known as property group Rowsley, has swung out of the red with full-year earnings of $2.2 million in FY18, compared to losses of $22.3 million a year ago. The turnaround was driven by the group’s acquisition of the healthcare business in 2018. With the completion of the divestment of the real ...
Sheng Siong kept at 'buy' for defensive stance in supermarket space
SINGAPORE (Feb 27): Sheng Siong is a “buy” for most research houses. Sheng Siong on Monday announced that its FY18 earnings increased by 1.4% y-o-y to $70.8 million, on the back of a 7.4% increase in FY18 revenue to $890.0 million For 4Q18, earnings increased by 4.2% to $27.5 million, while revenue saw a 10.7% increase to $221.8 million, due largely to contributions from new ...