1H17

Results

HRnetGroup posts 10.3% decline in 2Q earnings to $7.3 mil on IPO expenses

SINGAPORE (Aug 14): HRnetGroup announced earnings of $7.3 million for the 2Q ended June, down 10.3% from the $8.2 million reported a year ago.

Results

Golden Agri posts 56% decline in 1H earnings to US$59 mil

SINGAPORE (Aug 14): Golden Agri-Resources (GAR) has announced earnings of US$59.4 million ($80.9 million) for the 1H17 ended June, down 55.5% from US$133.6 million reported in 1H16 due to the recognition of deferred income tax assets.

Broker's Calls

CityDev gets an upgrade on strong 1H17 home sales, upcoming launches

SINGAPORE (Aug 14): OCBC Investment Research has upgraded its call on City Developments (CityDev) to “buy” from “hold” with a higher fair value estimate of $12.39 from $10.50 previously, after updating its valuation model with its latest assumptio

Broker's Calls

Food Empire still a currency play for now: RHB

SINGAPORE (Aug 14): RHB Research is maintaining its “buy” rating on Food Empire with an unchanged target price of 95 cents, after the food and beverage (F&B) product manufacturer on Saturday released a set of 2Q17 results which came in line with the r

Results

Singapore Medical Group’s 1H earnings up sixfold to $4 mil on higher revenue

SINGAPORE (Aug 14): Singapore Medical Group (SMG) has announced earnings of $4 million for the half-year ended June, a more-than sixfold improvement compared to its $0.63 million in earnings for 1H16.

Results

Wheelock Properties records 3.4% rise in earnings to $36.5 mil

SINGAPORE (Aug 11): Wheelock Properties announced earnings of $36.5 million for 2Q17 ended June, up 3.4% on-year from the $35.3 million in 2Q16.

Results

Sino Grandness 2Q earnings fall 33% to $21.5 mil on revenue decline

SINGAPORE (Aug 11): Sino Grandness Food Industry Group reported earnings of RMB105.1 million ($21.5 million) for 2Q17 ended June, down 33.4% from RMB157.7 million in 2Q16.

Results

IREIT Global posts 9.4% decline in 2Q DPU to 1.45 cents on forex losses

SINGAPORE (Aug 10): The manager of iREIT Global has declared a distribution per unit (DPU) of 1.45 cents for the 2Q17 ended June, down 9.4% from its 1.6 cents DPU in the same period a year ago.

Results

Singapore eDevelopment 1H losses widen to $6.3 mil

SINGAPORE (Aug 10): Property group Singapore eDevelopment reported half year losses widened to $6.3 million from $5.3 million a year ago.

Results

TA Corp sinks into the red in 1H with $10.9 mil loss

SINGAPORE (Aug 10): Property construction group TA Corporation has reported a loss of $10.9 million for the half year ended June, compared to its earnings of $0.2 million in 1H16.
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