Courts Asia

SINGAPORE (Nov 13): DBS is downgrading its recommendation on Courts Asia to “hold” from “buy” previously with a lower target price of 36 cents on weaker outlook for earnings on a tougher credit environment in Malaysia.

SINGAPORE (Nov 9): Courts Asia has reported a net profit of $1.5 million for 2Q FY17/18, down 74.7% from its net profit of $5.98 million a year ago on lower profit margins in Singapore.

SINGAPORE (Aug 11): Courts Asia, the retailer of electrical, IT and furniture products, announced a 1QFY17/18 net profit of $6.1 million for the quarter, down 31.6% from the $8.8 million it posted a year ago on lower revenue and higher expenses.

SINGAPORE (June 30): DBS Vickers Securities is maintaining its “buy” call on Courts Asia with a slightly lower price target of 50 cents from 51 cents previously.

SINGAPORE (June 28): Courts Asia saw earnings more than treble to $23.7 million for the FY16/17 ended March, compared to a restated FY15/16 net profit of $6.8 million.

SINGAPORE (Feb 8): DBS Group Research is keeping its “buy” call for Courts Asia, the IT, electrical goods and furniture retailer, with a 51 cents target price as it continues to see value in the stock’s current valuations.

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SINGAPORE (Feb 7): Courts Asia, the retailer of electrical, IT and furniture products, reported a 24.4% rise in 3Q earnings to $5 million from $4 million a year ago.

SINGAPORE (Dec 19): DBS Group Research is keeping the Singapore consumer goods sector at “overweight” ahead of a projected 8.6% earnings growth in FY2017F.

SINGAPORE (Nov 11): DBS Group Research is keeping Courts Asia at “buy” and raising its target price to 50 cents, from 45 cents previously.