1H20 results

This brings the REIT’s 1H20 DPU to 2.846 cents, some 12% lower than the DPU of 3.264 cents in 1H19.

Vincent Chong, president and CEO of ST Engineering says the group is maintaining its guidance for FY20 revenue to come in between 5-15% lower than 1H19.

Shares in Q&M Dental closed 0.5 cents higher, or 1.1% up, at 46.5 cents on Aug 13, prior to the announcement.

Consumer essentials provider Hanwell Holdings has registered 1H20 earnings of $9.9 million, up 139.6% from the $4.1 million posted a year ago.

Shares in Frencken closed 8 cents higher, or 6.9% up, at $1.24 on Aug 13, prior to the announcement.

The spike in earnings translates to earnings per share (EPS) of 13.62 for 1H20, nearly twice the 6.32 cents registered in 1H19.

For 2Q20, the group registered a 613% surge in net profit of RMB8.9 million from the RMB1.3 million a year ago, although it saw losses of RMB2.3 million from the earnings of RMB6.3 million in 2Q19.

Banyan Tree has not declared a dividend for 1H2020 – similar to 1H2019.

Union Gas has reported a 76.7% y-o-y surge in profits for 1H20 to $7 million, up from $4 million .

1H20 revenue fell 32.8% y-o-y to $1.07 billion, due to the decline across all business segments. The hotel operations segment alone accounted for 82% of the drop in revenue due to the global pandemic.