3Q19

SINGAPORE (May 15): Tai Sin Electric reported $7.3 million in earnings for the 9M ended March, a 23% decline from earnings of $9.5 million in 9M18 due to lower margins, primarily in the Cable & Wire (C&W) business segment.

SINGAPORE (May 14): Civmec, the construction and engineering services provider headquartered in Australia, has announced 3Q19 earnings of A$0.14 million, ($0.13 million) representing a 98.1% decline from its earnings of A$7.2 million a year ago.

SINGAPORE (May 13): Glove manufacturer UG Healthcare Corporation reported earnings of $0.7 million for the 3Q ended March, down 41.3% from $1.1 million a year ago due to higher operating expenses.

SINGAPORE (May 8): Security solutions provider IPS Securex reported 3Q ended March loss widened to $0.3 million from $0.2 million a year ago on lower revenue and higher expenses.

SINGAPORE (May 2): FJ Benjamin Holdings reported earnings of $0.3 million for the 3Q ended March, down 19% from its $0.37 million net profit in 3Q18 mainly due to lower revenue and a lower foreign exchange (forex) gain compared to that of a year ago.  

SINGAPORE (Mar 8): Del Monte Pacific has announced a net profit of US$2.6 million ($3.5 million) for the 3Q ended Jan, turning around from the US$38.4 million loss a year ago due to improved margins

SINGAPORE (Feb 21): Maybank Kim Eng is maintaining its “buy” call on mm2 Asia while lowering its target price on the stock to 34 cents from 57 cents previously, after cutting 2019-21E core profit forecasts by 48%, 12% and 9%, respectively.

SINGAPORE (Feb 14): Property developer Bukit Sembawang Estates posted $54 million in earnings for the 3Q ended Dec 2018, up more than threefold from its restated 3Q18 earnings of $15.8 million due to a sevenfold y-o-y surge in revenue.  

SINGAPORE (Feb 14): Old Chang Kee reported 3Q19 earnings of $1.5 million, rising 24.6% y-o-y from $1.2 million on the back of higher revenue and lower cost of sales.

SINGAPORE (Feb 11): Maybank Kim Eng is maintaining its “buy” call on SIA Engineering (SIA EC) with a lower price target of $2.85 compared to $3 previously after the group reported a 40% y-o-y decline in 3Q19 earnings due to one-off items.