1H2020 earnings

“We remain positive on the semiconductor sector, on the back of acceleration of 5G, artificial intelligence (AI) and other technology-driven developments such as Smart Cities and increased demand for data,” analyst Ling Lee Keng says.

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

Haw Par has recommended a first and interim dividend of 15 cents for the period, to be paid in September. The same amount was paid out in 1H2019.

As at June 30, cash and cash equivalents stood at $63.8 million, up from the $50.3 million it was at in the corresponding year before. No final dividend has been declared for 1H2020, compared to the 1.0 cents disbursed previously, as the group looks to

The quarter’s DPU was down from the DPU of 0.30 cents disbursed a year ago.

CGS-CIMB Ong is reiterating his “buy” or “add” call on Riverstone Holdings at a revised target price of $5.55.

Looking ahead, DBS Research Group analyst Lee Keng Ling expects earnings for 2H2020 to be “even stronger”, as the company benefits fully from the higher ASPs and margins.

Analysts remain optimistic on Ascott Residence Trust (ART), in spite of its “weaker-than-expected” performance for 1H2020 ended June 30.

Analysts are maintaining a cautious stance on Raffles Medical Group following the announcement of its 1H2020 results on July 27.

Earnings of healthcare provider Raffles Medical Group plunged 38.2% to $17.2 million for 1H2020 ended June, from $27.9 million a year ago, following the deferment of elective surgeries and a dip in foreign patients during the circuit breaker period.