Gaylin's FY18 loss widens to $51.6 mil on inventory provisioning

SINGAPORE (May 28): Gaylin Holdings, the specialist provider of products, services and solutions to the oil & gas (O&G) and maritime industries, saw 4Q losses widen to $44.4 million from a loss of $6.2 million a year ago due to higher provision for slow-m


Pan Hong's FY18 earnings halved to $5.2 mil on lower revenue & margins

SINGAPORE (May 28): Property developer Pan Hong Holdings reported earnings of RMB24.6 million ($5.2 million) for the FY18 ended March, representing a 60.8% decline from its FY17 earnings of RMB62.7 million a year ago on lower revenue and margins, as well


China Kangda sinks into the red with $3.3 mil full-year loss on higher chicken mortality

SINGAPORE (Mar 29): China Kangda Food Company posted a FY17 loss of RMB15.8 million ($3.3 million) compared to earnings of RMB6.3 million a year ago. 


Tan Chong FY17 earnings more than double to $84 mil on higher margins

SINGAPORE (Mar 27): Tan Chong International, the local distributor of Subaru cars via subsidiary The Motor Image Group, ended FY17 with earnings of HK$501.9 million ($83.7 million), more than double its FY16 earnings of HK$191.1 million on improved operat


LY Corp posts 17.8% earnings growth to $17.3 mil for FY17

SINGAPORE (Mar 12): Malaysia-based furniture maker LY Corp today posted a full year profit of RM51.2 million ($17.3 million) for FY17, up 17.8% from RM43.5 million in FY16 on higher sales.

Broker's Calls

Dairy Farm downgraded on time required for strategic review to bear fruit

SINGAPORE (Mar 9): CIMB is downgrading its call on Dairy Farm International to “hold” from “add” previously with a lower target price of US$8.40 from US$9.18 after the group’s FY17 core net profit came in below the research house’s expectation


Dairy Farm's FY17 earnings fall 14% to US$404 mil on business change costs

SINGAPORE (Mar 8): Dairy Farm, a member of the Jardine group, reported a 14% decline in FY17 earnings to US$404 million ($531.7 million) from US$496 million a year ago on the back of business change costs, which were incurred due to underperforming stores

Broker's Calls

Why Wilmar is likely to weather the season of lacklustre CPO prices: OCBC

SINGAPORE (Mar 8): OCBC is highlighting Wilmar International as its top “buy” pick at a fair value estimate of $3.51 for its lower likelihood of being impacted by India’s recent import tax hike on crude palm oil (CPO), given its diversified business

Broker's Calls

Can Jadason resolve its manpower issues for a more profitable FY18?

SINGAPORE (Mar 7): CIMB is maintaining its “add” call on Jadason Enterprises with a lower target price of 8 cents from 11 cents previously.

Oceanus granted six-month extension to meet SGX watch list exit criteria

SINGAPORE (Mar 7): Oceanus Group has been granted an extension of six months to exit the Singapore Exchange’s (SGX) watch list.