4Q17

Broker's Calls

Tianjin Zhongxin Pharma on its way to a stellar 2018 & beyond, says UOB

SINGAPORE (Apr 2): UOB Kay Hian is keeping Tianjin Zhongxin Pharmaceutical Group at “buy” with a higher target price of US$1.66 ($2.17), pegged to peer average of 14.1 times FY18 earnings.

Results

Vard sees 4Q losses double to NOK 131 mil on lower margins after reassessment

SINGAPORE (Mar 1): Vard Holdings reported a doubling of 4Q17 losses to NOK 131 million ($22.2 million) from its net loss position of NOK 67 million a year ago.

Results

Wee Hur 4Q earnings triple to $7.8 mil on higher revenue

SINGAPORE (Mar 1): Property developer Wee Hur Holdings saw earnings more than triple to $7.8 million in 4Q17 from $2.2 million in 4Q16 on the back of higher revenue.

Results

Starburst swings back into the black with FY17 earnings of $0.1 mil

SINGAPORE (Mar 1): Starburst Holdings, the firearms-training facilities provider, swung back into profitability in FY17 with earnings of $0.1 million compared to a loss of $11.7 million in FY16.

Results

Hotel Royal posts 92.5% drop in 4Q earnings to $0.2 mil on higher operating expenses

SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.

Results

Yongnam FY17 losses cut by half to $15.8 mil on improved project margins

SINGAPORE (Mar 1): Yongnam Holdings reported full-year losses narrowed by half to $15.8 million in FY17 from $31.6 million in FY16 on improved margins for some of its projects.  

Results

More acquisitions likely for Singapore Medical Group in 2018

SINGAPORE (Mar 1): UOB Kay Hian is maintaining its “buy” call on Singapore Medical Group (SMG) with a P/E-based target price of 83 cents, pegged to the peer average FY18 P/E ratio of 26.8 times.

Broker's Calls

Outlook remains stable for Asian Pay Television Trust, says Phillip

SINGAPORE (Mar 1): Phillip Capital is maintaining “accumulate” on Asian Pay Television Trust (APTV) with a lower target price of 62 cents from 64 cents previously to account for lower ARPU and high

Broker's Calls

Will FY18 be another record year for UMS Holdings?

SINGAPORE (Mar 1): DBS and CIMB are positive on the outlook of UMS Holdings, maintaining their respective “buy” calls with higher target prices after the group delivered record 4Q profits on higher

Results

Fu Yu Corp announces 56.8% lower 4Q earnings of $2.4 mil on other operating expenses

SINGAPORE (Feb 28): Fu Yu Corporation posted 4Q17 earnings of $2.4 million for the 4Q ended Dec 2017, 56.8% down from $5.6 million a year ago on other operating expenses.

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