goodwill

The economy cannot function without giving and goodwill

SINGAPORE (May 20): As a French citizen, I was deeply affected by the fire at Notre Dame Cathedral in Paris, and was happy and surprised that many people contributed generously to its reconstruction. But I do not understand why, while we were able to collect millions of euros in a few days to rebuild the cathedral, we still cannot collect what is necessary to help those in need and reduce inequality to fix our economy.

The economy cannot function without giving and goodwill

SINGAPORE (May 20): As a French citizen, I was deeply affected by the fire at Notre Dame Cathedral in Paris, and was happy and surprised that many people contributed generously to its reconstruction. But I do not understand why, while we were able to collect millions of euros in a few days to rebuild the cathedral, we still cannot collect what is necessary to help those in need and reduce inequality to fix our economy.

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Strong fundamentals keep SATS grounded in robust long-term outlook

SINGAPORE (May 22): UOB Kay Hian is keeping SATS at “hold” with a higher target price of $5.05 from $4.60 previously after the airline gateway services and food solutions provider reported $67 million in earnings for the fourth quarter ended March 31.

(See also: SATS reports 31% rise in 4Q earnings to $67 mil)

More impairments ahead for this O&G company

SINGAPORE (Nov 8): OCBC Investment Research is maintaining its “hold” rating on PACC Offshore Services Holdings with a fair value of 30 cents, in anticipation of further impairments going forward.

According to OCBC’s analyst Low Pei Han, the carrying value of the goodwill from POSH’s acquisition of PSA Marine’s offshore business in 2007 and the carrying value of POSH’s fleet of vessels are expected to be impaired, with the actual amount to be determined by year-end.

5 hurdles for SingPost’s FY17 earnings

SINGAPORE (July 25): UOB Kay Hian has downgraded its rating for Singapore Post (SingPost) from “buy” to “hold”, while lowering its target price from $2.25 to $1.64 respectively.

In a Monday report, analysts Andrew Chow and Thai Wei Ying say they have revised their earnings estimates down by 11-18% for FY17-18, anticipating SingPost’s earnings to be reined in by integration headwinds and goodwill provisions from leadership changes.

However, they do expect earnings to pick up in FY18.

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