utilities

Artificial Intelligence

Powering up artificial intelligence

Power companies are in vogue again because ironically, they are suddenly being seen as the ultimate AI play

Broker's Calls

Sembcorp gets an upgrade despite substantial 1Q earnings miss

SINGAPORE (May 9): Phillip Capital is upgrading its call on Sembcorp Industries to “buy” with a lower target price of $3.83 compared to $3.86 previously due to the higher expected return from the counter’s last closing price of $3.06.

Broker's Calls

Outlook remains bright as ever for this utilities play

SINGAPORE (Mar 2): Phillip Capital is maintaining “buy” on China Everbright Water after the group’s FY17 revenue exceeded its forecasts by 12%, while PATMI came in line with estimates.

Results

Federal International 2000 announces 41.7% lower FY17 earnings of $4.2 mil

SINGAPORE (Feb 26): Federal International (2000) reported a 68.9% decline in 4Q earnings to $1.1 million from $3.7 million a year ago on lower other income. This brings the group’s earnings for the full year to $4.2 million, down 41.7% from $7.3 million

Broker's Calls

Earnings to remain unexciting for Sembcorp: RHB

SINGAPORE (Aug 4): RHB is maintaining its “neutral” rating on Sembcorp Industries with an unchanged $3.20 price target after the group on Thursday posted a 36% decline in 2Q earnings to $55.3 million.

Results

Sembcorp reports 36% decline in 2Q earnings to $55.3 mil

SINGAPORE (Aug 3): Sembcorp Industries posted earnings of $55.3 million for the 2Q ended June, down 36.1% from $86.5 million a year ago despite achieving higher turnover.

Results

Keppel Infrastructure Trust declares 1H17 DPU of 1.86 cents

SINGAPORE (July 17):  The trustee-manager of Keppel Infrastructure Trust (KIT) has declared a distribution per unit (DPU) of 0.93 cent for the second quarter ended June, bringing total DPU to 1.86 cents for 1H17.

Investing strategies

Prioritise quality over yield when looking at dividends, says Bank of Singapore

SINGAPORE (April 17): As global markets enter into a consolidation phase, Bank of Singapore (BoS) is advising investors to brace themselves for higher volatility by seeking shelter in “dividend growers” – quality companies with strong balance sheets

Investing strategies

Why Bank of Singapore is remaining cautious on equities

SINGAPORE (March 14): Bank of Singapore (BoS) is maintaining its moderately defensive asset allocation stance with a preference for credit over equity, as a Fed hike in March is “all but certain” with two more hikes forecast to occur by end-2017.

Be prepared to pay more for water this year, says Masagos

SINGAPORE (Feb 8): Water costs are likely to see a hike this year after 17 years of constant pricing, said Singapore’s Minister for the Environment and Water Resources, Masagos Zulkifli, during a visit to Tuas Desalination Plant 3 on Tuesday.
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