4Q18

Results

SingPost sinks into $75.1 mil loss in 4Q due to US business impairment charges & exceptional items

SINGAPORE (May 7): Singapore Post (SingPost) reversed into the red for the 4Q ended March, posting a loss of $75.1 million from earnings of $31.8 million a year ago due to impairment charges in exceptional items.

Broker's Calls

OCBC cuts FY19 estimates for Yanlord, cautious on high gearing & volatile market conditions

SINGAPORE (Mar 1): OCBC Investment Research is maintaining its “buy” call on Yanlord Land Group with a lower fair value of $1.75 compared to $2.04 previously, after rolling forward valuations and applying an unchanged P/E target peg of 5 times to core

Broker's Calls

More earnings drivers required for China Aviation Oil to be a 'buy', says RHB

SINGAPORE (Mar 1): RHB Research is remaining “neutral” on China Aviation Oil (CAO) after the group reported FY18 earnings of US$94 million ($127 million), up 10% y-o-y and coming in slightly ahead of RHB and consensus estimates on better-than-expected

Results

Hyphens Pharma 4Q earnings grow 31.9% to $0.8 mil in absence of one-off IPO expenses

SINGAPORE (Mar 1): Hyphens Pharma International has announced earnings of $0.8 million for the 4Q ended Dec 2018, rising 31.9% from $0.6 million in 4Q17 in the absence of one-off IPO expenses incurred from the year before.  

Results

Straco Corp posts 0.4% lower 4Q earnings of $6 mil; announces special & final dividend

SINGAPORE (Feb 28): Straco Corporation saw a marginal 0.4% y-o-y dip in 4Q18 earnings to $6.04 million from $6.07 million a year ago, as lower revenue for the quarter was offset by lower expenses compared to the corresponding period.

Results

IndoAgri sinks into the red with $20 mil loss for 4Q on weak commodity prices

SINGAPORE (Feb 28): Indofood Agri Resources (IndoAgri) has sunk into a loss of Rp 211.7 billion ($20 million) for 4Q18 compared to Rp 76.9 billion in profit a year ago, due to significantly lower profit in the Plantation Division arising from weak commodi

Results

Nam Cheong swings back to profitability for FY18 after debt restructuring

SINGAPORE (Feb 27): Nam Cheong announced earnings of RM9.7 million for the 4Q ended Dec 2018, reversing from its loss of RM987.5 million in 4Q17 mainly a result of a waiver of debts.

Results

Sembcorp reports 10% lower 4Q earnings of $106 mil; proposes 2 cents final dividend

SINGAPORE (Feb 21): Sembcorp Industries reported earnings of $106 million for the 4Q ended Dec 2018, representing a 10% decline from restated 4Q17 earnings of $118 million as the Marine segment continued to impact the absorption of overhead costs.

Results

Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy

SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.

Broker's Calls

It's onward and upward for CapitaLand going into FY19, say analysts

SINGAPORE (Feb 21): CGS-CIMB Research, DBS Vickers Securities and OCBC Investment Research are maintaining “buy” on CapitaLand with the respective price targets of $3.56, $3.62 and $3.98, after the group posted 71.2% higher earnings of $476 million fo
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