4Q18

OCBC cuts FY19 estimates for Yanlord, cautious on high gearing & volatile market conditions
SINGAPORE (Mar 1): OCBC Investment Research is maintaining its “buy” call on Yanlord Land Group with a lower fair value of $1.75 compared to $2.04 previously, after rolling forward valuations and applying an unchanged P/E target peg of 5 times to core FY19 EPS forecasts. The move comes as Yanlord missed OCBC’s expectations with a subdued set of 4Q18 results, where revenue slumped 79.4% ...
More earnings drivers required for China Aviation Oil to be a 'buy', says RHB
SINGAPORE (Mar 1): RHB Research is remaining “neutral” on China Aviation Oil (CAO) after the group reported FY18 earnings of US$94 million ($127 million), up 10% y-o-y and coming in slightly ahead of RHB and consensus estimates on better-than-expected gross profit margin. The research house has raised its target price on the stock to $1.50 from $1.32 previously as it rolls over its blended ...
Hyphens Pharma 4Q earnings grow 31.9% to $0.8 mil in absence of one-off IPO expenses
SINGAPORE (Mar 1): Hyphens Pharma International has announced earnings of $0.8 million for the 4Q ended Dec 2018, rising 31.9% from $0.6 million in 4Q17 in the absence of one-off IPO expenses incurred from the year before.   Excluding the impact of these one-off expenses, the group’s earnings would have increased 33% to $1.2 million from $0.9 million a year ago. This brings the ...
Straco Corp posts 0.4% lower 4Q earnings of $6 mil; announces special & final dividend
SINGAPORE (Feb 28): Straco Corporation saw a marginal 0.4% y-o-y dip in 4Q18 earnings to $6.04 million from $6.07 million a year ago, as lower revenue for the quarter was offset by lower expenses compared to the corresponding period. For the FY18 ended Dec 2018, the group reported 12.4% lower earnings of $41.8 million compared to $47.7 million for FY17. Revenue for the latest quarter fell ...
IndoAgri sinks into the red with $20 mil loss for 4Q on weak commodity prices
SINGAPORE (Feb 28): Indofood Agri Resources (IndoAgri) has sunk into a loss of Rp 211.7 billion ($20 million) for 4Q18 compared to Rp 76.9 billion in profit a year ago, due to significantly lower profit in the Plantation Division arising from weak commodity prices. As such, the group has reported Rp 211.8 billion in overall losses for FY18, as opposed to earnings of Rp 447.3 million for the ...
Nam Cheong swings back to profitability for FY18 after debt restructuring
SINGAPORE (Feb 27): Nam Cheong announced earnings of RM9.7 million for the 4Q ended Dec 2018, reversing from its loss of RM987.5 million in 4Q17 mainly a result of a waiver of debts. With the latest set of quarterly results, the group has returned to profitability in FY18 with RM963.3 million in earnings as opposed to a RM3 billion loss for the previous year. Revenue for the latest quarter ...
Sembcorp reports 10% lower 4Q earnings of $106 mil; proposes 2 cents final dividend
SINGAPORE (Feb 21): Sembcorp Industries reported earnings of $106 million for the 4Q ended Dec 2018, representing a 10% decline from restated 4Q17 earnings of $118 million as the Marine segment continued to impact the absorption of overhead costs. This brings Sembcorp’s FY18 earnings to $347 million, down 9% from restated earnings of $383 million a year ago. Over 4Q, the group recorded a ...
Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy
SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue. This brings the group’s earnings for the full year to $755.4 million, up 10% from $685.6 million in the previous year. Revenue for the latest quarter under review grew 15% on-year on the back of ...
It's onward and upward for CapitaLand going into FY19, say analysts
SINGAPORE (Feb 21): CGS-CIMB Research, DBS Vickers Securities and OCBC Investment Research are maintaining “buy” on CapitaLand with the respective price targets of $3.56, $3.62 and $3.98, after the group posted 71.2% higher earnings of $476 million for the 4Q ended Dec 2018. In a Wednesday report, CGS-CIMB analyst Lock Mun Yee says she continues to like the stock for its robust residential ...
CityDev ends FY18 with record revenue despite 4Q decline; recommends special 6 cents dividend
SINGAPORE (Feb 21): City Developments recorded earnings of $77.9 million for 4Q18, down 54.7% from $171.9 million a year ago on lower revenue and higher expenses. Revenue for the quarter fell 40.6% to $788.3 million from restated 4Q17 revenue of $1.3 billion, arising mainly from variances in project and unit revenue recorded. The main contributors of revenue for the latest quarter was New ...