FY19 results


Dairy Farm FY19 earnings jump to US$324 mil on absence of one-off restructuring cost

Stripping off net non-trading items, underlying earnings for FY2019 were 10% lower y-o-y at US$321 million.

Investing ideas

Analysts buoyant on Yangzijiang despite choppy waters ahead

Eight of the 11 research houses covering Yanzijiang have “buy” ratings on the stock.


Yangzijiang sails on murky waters as 4QFY2019 earnings sink 30%

“We are doing our utmost to prevent the coronavirus fiasco from affecting the yards and production activities. We will also optimize production resources to minimize any disruption to the delivery schedule,” says CEO Ren Letian.


Jardine Cycle & Carriage's FY19 earnings more than double to US$881.4 mil

SINGAPORE (Feb 27): Jardine Cycle & Carriage (JC&C), a Jardine Matheson company, announced that its FY209 earnings have more than doubled (by 111%) to US$881.4 million ($1.2 billion).


Propnex posts 349.5% surge in 4Q earnings to $8.2 mil; declares 2.25 cents dividend

Propnex recorded a 350% surge in its 4Q earnings as private residential market recovers


GSH reports 28% increase in FY19 earnings

GSH expects progressive sales contributions from its Malaysia projects to boost its property business in the quarters ahead


CDL posts 12.5% rise in 4Q earnings to $87.7 mil

SINGAPORE (Feb 26): City Developments Limited (CDL) this morning announced that its 4Q19 earnings have increased by 12.5% to $87.7 million from $77.9 million a year ago. This brings 4Q19 earnings per share to 9.0 cents, 13.9% higher than 7.9 cents in 4Q18


Genting Singapore posts 4% increase in 4Q earnings to $156 mil, full-year earnings lifted to $689 mil

Despite the higher earnings in 4QFY2019, the group’s full-year earnings came in at $688.6 million, representing a 9% decline from FY2018’s earnings of $755.4 million.


Keppel Pacific Oak US REIT beats IPO forecast by 27% with 4Q DPU of 1.51 US cents

SINGAPORE (Jan 21): Keppel Pacific Oak US REIT (KORE) reported a distribution per unit (DPU) of 1.51 US cents for 4Q19 ended December, some 26.9% higher than its forecasted DPU of 1.19 US cents. 

Broker's Calls

Analysts remain upbeat on Frasers Logistics and Industrial Trust amid steady growth

Analysts are quick to point out that acquisitions are likely to remain a key determinant for FLT’s success.  In a Thursday report, DBS analyst Derek Tan believes that the REIT remains on the hunt for acquisitions to further diversify its asset and e