2Q17

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

OUE 2Q earnings sink 73% to $7 mil on lower reversal of impairment losses

SINGAPORE (Aug 3): Property group OUE has announced earnings of $7.1 million for the 2Q17 ended June, down 72.6% from $25.7 million in 2Q16 mainly due to a lower reversal of impairment losses on OUE Twin Peaks

Results

Hafary posts 5.5% rise in 2Q earnings to $2.7 mil on higher revenue

SINGAPORE (Aug 3): Hafary Holdings posted earnings of $2.7 million for the 2Q ended June, up 5.5% from the $2.5 million it recorded a year ago, on the back of higher revenue.

Results

Hock Lian Seng 1H17 earnings tumble to $2.5 mil on absence of JV profit

SINGAPORE (Aug 3): Civil engineering group Hock Lian Seng earnings for 1H17 ended June declined to $2.5 million compared to $12.5 million in 1H16 on the absence of joint venture profits in the previous year.

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

Mandarin Oriental 1H17 earnings fall 34% to US$15 mil due to London property renovation works

SINGAPORE (Aug 3): Mandarin Oriental, a member of the Jardine Group, posted a 34% decrease in 1H17 earnings to US$15 million ($20.4 million) compared to US$22.9 million a year ago, due to the renovation of its London property.

Broker's Calls

CapitaLand not a proxy to an impending home price rebound, says Maybank

SINGAPORE (Aug 3): Maybank Kim Eng Research is keeping its “hold” call on CapitaLand with an unchanged price target of $3.75 after the real estate group this morning posted its set of financial results for 2Q17, which was overall in line with the rese

Broker's Calls

When will StarHub rise again?

SINGAPORE (Aug 3): RHB, CIMB and DBS are reiterating their “neutral”, “reduce” and “fully valued” calls on StarHub, respectively, after the telco on Wednesday reported 2Q17 earnings of $85.7 million, 21% down from that of the previous year and

Results

Far East Orchard 2Q17 earnings tumble to $1 mil on absence of one-time profits from SBF Center

SINGAPORE (Aug 2): Property group Far East Orchard posted a 97.3% fall in 2Q17 earnings to $1 million from $37 million in 2Q16.

Results

StarHub posts 21% drop in 2Q earnings to $85.7 mil

SINGAPORE (Aug 2): StarHub posted a 21% drop in 2Q17 earnings ended June of $85.7 million compared to $108.6 million in 2Q16.
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