4Q18

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 ...
CSE Global swings back into the black with 4Q earnings of $4.9 mil; proposes 1.5-cent final dividend
SINGAPORE (Feb 20): Technologies company CSE Global declared earnings of $4.9 million for the 4Q ended December, reversing back into profitability from its restated loss of $39.1 million due to improved margins. This comes despite a 14.2% y-o-y decline in quarterly revenue to $100.1 million from revenue of $116.7 million a year ago, as gross margin improved to 30.2% in 4Q18 from 24.8% the ...
CapitaLand posts 71.2% higher 4Q earnings of $476 mil; proposes 12-cent dividend for FY18
SINGAPORE (Feb 20): CapitaLand Limited reported 4Q18 earnings of $475.7 million, up 71.2% on-year from its restated earnings of $277.8 million due to better operating performance, as well as higher gains from asset recycling and revaluation of investment properties.   Revenue for 4Q grew 21.3% to $5.6 billion compared to $4.6 billion a year ago. The growth in revenue was attributed to ...
BreadTalk's FY18 earnings fall 29.9% to $15.2 mil in absence of TripleOne Somerset divestment gain
SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year. This was largely due to the absence of a $9.3 million net capital gain from the divestment of BreadTalk’s partial stake in TripleOne Somerset, excluding which the group would have seen 1.1% higher core net ...
Singapore Medical Group reports 17.2% higher 4Q earnings of $2.9 mil on revenue growth
SINGAPORE (Feb 19): Singapore Medical Group (SMG) posted a 17.2% rise in 4Q18 earnings to $2.9 million from $2.5 million a year ago, driven by increased revenue contributions from the health and diagnostic & aesthetic business segments. Revenue for the latest quarter grew 18.1% to $22.2 million from $18.8 million in 4Q17. The health business segment’s kids clinics, which were acquired ...
Challenger announces 22% higher FY18 earnings of $19.5 mil; proposes 2-cent final dividend
SINGAPORE (Feb 15): Challenger Technologies has concluded FY18 with $19.5 million in earnings, up 22% from $16 million in FY17 due to higher gross profit and lower operating expenses. The stronger full-year bottomline was achieved in spite of 2% decrease in 4Q18 earnings to $4.7 million from $5.8 million in 4Q17, mainly due to a higher income tax expense of $0.7 million. Revenue in 4Q fell ...
Brokers unanimously bullish on Far East Hospitality Trust after a stellar 4Q
SINGAPORE (Feb 14): DBS Group Research, CGS-CIMB Securities and Maybank Kim Eng are maintaining their “buy” calls on Far East Hospitality Trust with the respective price targets of 70 cents, 68 cents and 75 cents. This comes after the REIT manager on Wednesday posted a 3.1% increase in 4Q distribution per stapled security (DPS) to 1 cent, with expectations for the trust to enjoy even ...