SINGAPORE (Apr 23): The manager of Ascendas REIT (AREIT) has declared a 4Q18 DPU of 3.91 cents, 1.5% higher compared to the 4Q17 DPU of 3.852 cents.
This brings FY18 DPU to 15.988 cents, 1.6% higher than 15.743 cents in FY17.
Gross revenue for the quarter increased by 3.3% to $215.7 million from $208.9 million in the previous year.
This was mainly due to the acquisition of 52 Fox Drive, ...
SINGAPORE (Mar 9): Golden Energy and Resources (GEAR) saw its full-year earnings nearly treble to US$63.0 million ($82.9 million) for the FY17 ended December, from US$22.0 million a year ago.
FY17 revenue almost doubled to an all-time high of US$763.8 million, from US$393.3 million a year ago.
The increase was on the back of robust sales momentum from the group’s Coal Mining and Coal ...
SINGAPORE (Mar 8): Hongkong Land Holdings, the property group which is a member of the Jardine group, announced FY17 earnings increased by 67% to US$5.6 billion ($7.37 billion) compared to US$3.35 billion in FY16.
Revenue for the full year ended Dec 2017 was US$1.96 billion, 1.5% lower than US$1.99 billion in the previous year.
But the group saw an 83.5% increase in change in fair value of ...
SINGAPORE (Mar 8): CIMB is reiterating its “add” recommendation on China Jinjiang Environment Holdings (CJE) with a lower target price of 85 cents.
This came after the group reported a 10.5% rise in 4Q17 earnings to RMB 204.7 million ($43 million) from a year ago, bringing FY17 earnings to 0.6% higher at RMB 201.2 million, which was short of the research house’s forecast by 12%.
SINGAPORE (Mar 5): Phillip Capital is maintaining its “accumulate” call on Ho Bee Land with a target price of $2.98.
This comes on the back of the group announcing on Feb 28 that its 4Q earnings have dropped by 20.9% y-o-y to $102.4 million, while FY17 earnings were 15% higher y-o-y at $249.3 million.
See: Ho Bee Land posts 20.9% drop in 4Q earnings to $102.4 mil
In a Friday report, ...
SINGAPORE (Mar 2): Phillip Capital is reiterating its “buy” recommendation on China Aviation Oil (CAO) with a target price of $2.00.
The group on Wednesday reported 4Q17 earnings fell 21.7% y-o-y to US$14 million ($18.5 million), bringing FY17 earnings to US$85.3 million.
Revenue during the quarter increased by 24% to US$4.06 billion although trading volume dropped 0.6% y-o-y to 8.20 ...
SINGAPORE (Mar 2): SAC Advisors is keeping its “buy” rating on Advancer Global with a target price of 36 cents.
The group on Thursday announced full-year earnings rose 14.2% to $3.1 million in FY17 from $2.7 million in FY16.
See: Advancer Global posts 14.2% rise in FY17 earnings to $3.1 mil
Revenue came in 28.2% higher at $65.3 million, aided by an increase in the number of foreign ...
SINGAPORE (Mar 2): RHB is maintaining its “buy” call on Singapore Medical Group (SMG) with a target price of 68 cents, as the group’s turnaround is further validated by organic and inorganic growth.
This came on the back of the group announcing that its FY17 earnings surged 250.8% to a record $8.5 million from $2.42 million in FY16.
See: Singapore Medical Group FY17 earnings surge ...
SINGAPORE (Mar 2): Top Global reversed out of the red with earnings of $1.4 million in the 4Q ended December, compared to losses of $11.3 million in the corresponding quarter last year.
For the full year, Top Global’s losses narrowed to $1.9 million in FY17, from losses of $14.0 million a year ago.
4Q revenue surged 79% to $41.1 million, from $23.0 million a year ago.
The increase was ...
SINGAPORE (Mar 2): Huationg Global recorded full-year earnings of $7.9 million for the FY17 ended December, surging 94% from $4.1 million a year ago.
Revenue jumped 34.2% to $157.2 million in FY17, from $117.2 million a year ago.
The increase was mainly due to higher revenue from the group’s civil engineering services and sale of construction materials segments.
Revenue from the civil ...