Developers brave a global stress test - THE EDGE SINGAPORE


Developers brave a global stress test

After years of overseas adventures, a few Singapore property players are forced to write down the value of their foreign assets
RHB maintains 'buy' on Frencken, says impairment loss 'does not impact positive outlook' - THE EDGE SINGAPORE

Broker's Calls

RHB maintains 'buy' on Frencken, says impairment loss 'does not impact positive outlook'

Seet believes 2021 will be a strong year for Frencken due to its twin growth drivers in its semiconductor and industrial segments.


Impairment of $930 million causes $537 million net loss for Keppel Corp in 1H2020, calls into question Temasek’s partial offer

Keppel Corp reported a net loss of $537 million for 1H2020, reversing a net profit in 1H2019 of $356 million. The loss was caused by $930 million of impairments mainly related to Keppel Offshore & Marine’s (Keppel O&M) stranded assets, receivables, stoc

Genting Hong Kong anticipates full-year net loss of US$240-270 mil

SINGAPORE (Feb 1): Genting Hong Kong expects to report a consolidated net loss of US$240-270 million ($315-354 million) for the full year ending Dec 2017, narrowing from its net loss of US$537 million in FY16.


ST Engineering’s FY16 earnings dip 8% to $484.5 mil on one-off charge

SINGAPORE (Feb 16): ST Engineering posted $484.5 million in earnings for the full year ended Dec 2016, 8% down from its profit of $529 million a year ago.

Broker's Calls

ST Engineering remains attractive despite impairment loss

SINGAPORE (Oct 19): UOB Kay Hian is maintaining its “buy” call on ST Engineering (STE) with a target price of $3.40 despite a one-off impairment loss of $61 million.

Broker's Calls

Business as usual for Ezion despite impairment

SINGAPORE (Sept 1): UOB Kay Hian has maintained its “hold” recommendation for Ezion Holdings despite the latter announcing its share of results from associates and joint ventures would fall by US$11.7 million ($16 million) in 2Q.