3QFY2024 results

CDL sales value nearly doubles y-o-y to $611.1 mil in 3QFY2024 - THE EDGE SINGAPORE

Results

CDL sales value nearly doubles y-o-y to $611.1 mil in 3QFY2024

The office leasing market in China, in particular, remains “challenging”, says CDL. As of Sept 30, the group’s office portfolio in China is 68% occupied.

Results

Oiltek’s shares rise after 83.2% y-o-y surge in 3QFY2024 profit after tax

As at Nov 19, Oiltek has an order book of RM400.9 million, which is expected to be fulfilled over the next 18 to 24 months.
CSE Global posts 15.4% y-o-y revenue growth in 3QFY2024 to $213.9 mil - THE EDGE SINGAPORE

Results

CSE Global posts 15.4% y-o-y revenue growth in 3QFY2024 to $213.9 mil

CSE Global posts revenue growth in 3QFY2024.

Results

Jardine Matheson reports ‘stronger performances’ across all businesses for 3QFY2024

Shares in Jardine Matheson closed 49 US cent higher, or up 1.21%, at US$41.04 on Nov 14.
Hongkong Land reports higher underlying profit for 3QFY2024 on greater build-to-sell completions  - THE EDGE SINGAPORE

Results

Hongkong Land reports higher underlying profit for 3QFY2024 on greater build-to-sell completions

In the group’s investment property segment, Hongkong Land’s central office portfolio vacancy stood at 7.6%, compared to 12.2% for the overall central district grade A office market.

Results

Prime US REIT reports lower distributable income of US$8.5 mil for 3QFY2024, down 42.2% y-o-y

In 3QFY2024, gross revenue dropped by 15.1% y-o-y to US$34.1 million, while net property income fell by 22.9% y-o-y to US$18 million.

Results

ComfortDelGro posts earnings of $57.5 mil for 3QFY2024, up 15.2% y-o-y

The company’s earnings were also up by 5.1% q-o-q from $54.7 million in 2QFY2024.

Broker's Calls

Analysts generally positive on OCBC following 3QFY2024 earnings, with most raising their TPs

UOB Kay Hian, Maybank Securities, PhillipCapital, CGSI and Goldman Sachs have maintained their “buy” calls on OCBC.
IREIT Global’s new CEO aims to grow ‘too small’ REIT with a continued focus on diversification - THE EDGE SINGAPORE

REITs

IREIT Global’s new CEO aims to grow ‘too small’ REIT with a continued focus on diversification

CEO Viens says he hopes for the REIT to expand into new geographies such as the Netherlands, Italy and the UK.

Results

First Resources report 3QFY2024 underlying net profit of US$61 mil, 19.3% higher y-o-y

Sales during the 3QFY2024 increased by 2.3% y-o-y to US$253.9 million while ebitda surged by 27.8% y-o-y to US$105.9 million.
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