2Q19 results

Results

Creative Technology narrows 2Q losses

Creative Technology expects revenue for the next two quarters to be lower, and to report an operating loss. It also notes that market conditions for its products remain challenging.

M&A

One acquisition down, and a bigger one in the works for Geo Energy

(Sept 30): When Geo Energy Resources raised US$300 million in a bond issue in 2017, it was gearing up to buy additional assets. The interest rate of 8% a year on the bond — a hefty US$24 million a year — was something the Indonesia-based, Singapore-li

Company in the news

ST Group brings flavours from home to Asians abroad, enjoys rapid revenue growth with outlet expansion

(Sept 16): All over Asia, bubble tea — also known as boba tea — stalls are popping up on every corner and long queues are a usual sight. Bubble tea, which consists of tea, milk and toppings such as chewy tapioca pearls, has sparked a craze, with peopl

Company in the news

Sea rolls with Garena’s gaming business but e-commerce unit Shopee remains in the red

(Sept 16): When Shopee was launched four years ago, the event was held at a second-floor café with about 30 people attending. On Sept 3, the e-commerce subsidiary of New York-listed, Singa pore-based Sea officially opened for business in its own brand-ne

Investing ideas

Golden-Agri likely to end FY19 with losses, but can it reverse out of the red in FY20?

SINGAPORE (Aug 27): Golden-Agri Resources must be feeling an awful sense of deja vu after the 2Q19 results announcement.

Investing ideas

Manulife US REIT still a top pick amid DPU visibility, favourable US office market outlook

SINGAPORE (Aug 20): Market watchers continue to favour Manulife US REIT (MUST) for its high distribution per unit (DPU) visibility on the back of stable income growth and low leasing risks.

Results

ValueMax posts 58% increase in 2Q earnings to $6.7 mil on lower operating expenses

SINGAPORE (Aug 14): ValueMax reported earnings of $6.7 million for 2Q19 ended June, a 57.8% increase from $4.2 million in 2Q18 last year, on the back of lower operating expenses.

Results

Hyphens Pharma 2Q19 earnings up 1.4% to $1.64 mil on lower expenses

Group revenue for the quarter fell 6.1% to $29 million from $30.9 million the preceding year,  due primarily to a decline of 14.1% in the specialty pharma principals segment in 2Q19 on the back of higher demand in 2Q18, ahead of products licensing renewa

Results

Manulife US REIT declares 17.7% increase in 2Q19 DPU to 1.53 US cents on higher sales

SINGAPORE (Aug 13): The manager of Manulife US Real Estate Investment Trust (Manulife US REIT) has declared a DPU of 1.53 US cents, up 17.7% from 1.30 cents declared for the same quarter last year. 
×