FY2019 results


Starburst wins record $40.9 mil order, targets at least three more contracts in 2020

“We have done three to four bids for 2020 already, and we are expecting positive results from the bids which will allow us to start work," says group managing director Jonathan Yap.

Broker's Calls

Data centre industry an attractive theme for FY20, but Keppel DC REIT 'fully valued': KGI

KGI analyst Kenny Tan the data centre theme remains relevant with intact supply chains, and this has in turn provided support to KDCREIT's unit price despite heavy sell-offs in the recent weeks.

Broker's Calls

Recent acquisitions, healthy portfolio metrics to shield Dasin Retail Trust from Covid-19 effects

Although the Covid-19 outbreak had resulted in the shuttering of all five of DRT’s malls from Jan 28 to Feb 24, Phillip Capital notes that these have since resumed normal operating hours with the exception of Ocean Metro Mall.

Broker's Calls

Virus negatives already priced in for Hongkong Land, says DBS

DBS Group Research remains optimistic about Hongkong Land and chooses to believe that a large majority of negatives have already been priced in for the stock, which will in turn cushion further downside risk against its share price.


Hongkong Land's FY19 earnings plunges to $274 mil on fair value losses

The group booked a net loss in fair value of investment properties of associates and joint ventures of US$32.6 million in FY2019, compared to gains of US$188.6 million a year ago.


UOL posts 14% increase in FY19 earnings to $479 mil, maintains dividend of 17.5 cents per share

Looking ahead, UOL expects the global economic outlook to remain uncertain as trade and geopolitical tensions as well as the outcome of a Brexit deal remains sources of risk, alongside the risk posed by the Covid-19 situation.

Investing ideas

A good year for Venture, but analysts are projecting an even better 2H20 ahead

Venture Corp gets four 'buys' as analysts opine that not only is a stronger 2HFY20 on the horizon, the group remains relatively cushioned from the effects of Covid-19.


Troubles mount for Isetan as FY19 losses double to $27.2 mil on impairment charges

Despite the losses, the group is proposing a final tax-exempt cash dividend of five cents per ordinary share for FY2019, unchanged from FY2018.


Q&M posts 28% rise in FY19 earnings to $18 mil, proposes special dividend of 2 cents

Q&M booked other gains of $8.2 million for the year, a surge from the previous year’s gains of $0.4 million. This came on the back of a one-time gain of $11.6million arising from the partial disposal of 36% of equity-accounted associate, Aidite.