profit guidance

Secura guides for 2Q loss; share price hovers near all-time low

SINGAPORE (July 22): Security solutions provider Secura Group says it is expected to report a net loss for the 2Q19 ended June.

This is mainly due to the non-recurrence of an overseas contract and a loss incurred on a system integration project which had since been completed.

However, the group says it expects to remain profitable overall for the six months ended June.

The company is still in the process of finalising the financial results of the group for 2Q19, and expects to disclose its results on Aug 1.

Apple cuts outlook as Chinese slowdown hits demand for iPhones

(Jan 3): Apple Inc cut its revenue outlook for the first time in almost two decades citing weaker demand in China, triggering a slump for Asian suppliers and a wave of lower price targets on Wall Street.

Hi-P International warns of lower y-o-y profit & revenue for 3Q18

SINGAPORE (Oct 15): Industrial mould manufacturing company Hi-P International is expecting lower y-o-y revenue and profit in 3Q18, contrary to management guidance issued in its 2Q18 results announcement.

In a profit warning filed Sunday, the group says this is due to a delay in sales due to postponed billing of certain production tools, lower manufacturing yield for certain products during the initial ramp-up stages, and lower market demand for certain products.

It adds that more details will come when the unaudited financial 3Q18 results are announced.

AEM Holdings kept at 'add' as fundamentals come up trumps

SINGAPORE (Apr 6): CIMB is maintaining its “add” call on AEM Holdings with a target price of $8.19.

This came on the back of the group announcing on Thursday it has received sales orders with $192 million for delivery in FY18 as at Apr 1, a $77 million increase from when it last announced in Feb 1.

As such, the group decided to keep its profit guidance for FY18 unchanged from when it last provided on Jan 22 of at least $255 million in sales and $42 million in operating profit before tax.

China Sunsine expects 'substantial increase' in 4Q and FY17 earnings

SINGAPORE (Feb 12): China Sunsine Chemical Holdings, the world’s largest producer of rubber accelerators, has issued a positive profit alert saying it expects to report a substantial increase in net profit for 4Q17 and the full year period.

See: China Sunsine — Price up 20.8% since we bought two weeks ago and we bought more

AEM Holdings acquires Finnish MEMs testing provider; expects FY18 to outperform, mulls bonus shares

SINGAPORE (Feb 1): AEM Holdings has acquired Afore Oy, a microelectromechanical systems (MEMS) testing and handling solutions provider in Finland, for 7.58 million euros ($12.34 million).

In addition, AEM says its positive revenue guidance of at least $215 million remains unchanged, with sales orders in excess of $115 million already booked for delivery in 1H18.

However, it expects FY18 to outperform FY17, with revenue of at least $255 million and operating profit before tax of at least $42 million.

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.

This will be mainly due to its one-off gain of US$205 million from the sale of Norwegian Cruise Line Holdings (NCLH) and The Star Entertainment Group, as well as the absence of an impairment on NCLH shares in 2016.

Procurri expects loss in FY17; announces long-term strategies to return to profitability

SINGAPORE (Jan 30): Procurri Corporation, the IT services and hardware equipment provider, expects to report a net loss for 4Q17 and FY17, according to its preliminary assessment of the unaudited financial results.

This is mainly due to foreign exchange differences and write-offs arising from the group’s prudent approach towards stock obsolescence and bad debts.

The group will disclose further details when it releases its unaudited financial results before Feb 28.

CNMC to see better q-o-q results in spite of profit warning, says NRA

SINGAPORE (July 26): NRA Capital is maintaining its forecasts, valuation and “overweight” rating on Catalist-listed CNMC Goldmine Holdings at a fair value estimate of 38 cents – even as the group this morning issued a profit guidance to indicate that it expects 2Q17 profit to be “significantly lower” than the year before.

Spackman expects to climb out of the red in 1Q

SINGAPORE (April 10): Spackman Entertainment Group on Monday issued a positive profit guidance for the first quarter ended March 31.

Based on a preliminary review of its first quarter results, Spackman says it expects to report a net profit for 1Q17, reversing out of a net loss reported a year ago.

The turnaround and results improvement is mainly attributed to the revenue and earnings recognition from the film, “Master”. The film was produced by Spackman’s wholly-owned subsidiary, Zip Cinema Co.

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