distribution

Oceanus reverses losses to earnings of $1.9 mil for 3Q on higher revenue - THE EDGE SINGAPORE

Results

Oceanus reverses losses to earnings of $1.9 mil for 3Q on higher revenue

Earnings for the 9MFY2020 stood at RMB4.7 million from the RMB4.5 million loss reported in 9MFY2019.

Results

Ascendas REIT posts 0.7% higher 3Q DPU of 3.998 cents; secures $181.2 mil BTS project from Grab

SINGAPORE (Jan 30): The manager of Ascendas REIT (A-REIT) reported a 3Q19 distribution per unit (DPU) of 3.998 cents, growing 0.7% from 3.97 cents a year ago after taking into account an enlarged number of units in issue.

Results

Starhill Global REIT posts 3.4% lower 2Q DPU of 1.13 cents

SINGAPORE (Jan 29): The manager of Starhill Global REIT (SG REIT) has announced a distribution per unit (DPU) of 1.13 cents for 2Q19, 3.4% lower than its DPU of 1.17 cents a year ago due to lower net property income (NPI), higher interest costs and higher

Results

QAF's 1Q earnings down 79% to $3 mil on lower revenue, higher costs

SINGAPORE (May 8): QAF, the manufacturer of Gardenia sliced bread, reported earnings of $3 million for the 1Q18 ended March, down 79% from earnings of $14 million in 1Q17 on lower revenue and higher costs and expenses.

Broker's Calls

OCBC ceases coverage of Tat Hong on worries over overall recovery

SINGAPORE (Sept 20): OCBC is ceasing coverage on crane rental firm Tat Hong Holdings on prolonged worries with the group’s overall recovery and internal reallocation of resources.

Broker's Calls

What’s next for UG Healthcare after a disappointing FY17

SINGAPORE (Sept 4): Maybank Kim Eng Research is maintaining its “sell” call on UG Healthcare Corporation with a 16% lower price target of 21 cents while noting weak cost management and a weaker ability to pass on additional costs.

Results

Kitchen Culture remains in the red with $6.4 mil loss for FP17

SINGAPORE (Aug 30): Kitchen Culture, the distributor of high-end kitchen systems, announced a loss of $6.4 million for the full 18 months ended June compared to a loss of $5.3 million in FY15 ended Dec.

Broker's Calls

Property divestments bode well for CapitaLand Commercial Trust’s M&A prospects

SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT) following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of $280 milli

Results

Tat Hong swings back to profitability in 3Q

SINGAPORE (Feb 14): Crane rental company Tat Hong Holdings has swung back to profitability in 3Q with earnings of $0.2 million, thanks to higher operating income, a one-off gain on disposal and lower operating costs.

Results

Croesus Retail Trust’s 2Q DPU rises 5.2% to 1.81 cents

SINGAPORE (Feb 14): Croesus Retail Trust (CRT) has announced a distribution per unit (DPU) of 1.81 cents for 2Q17 ended Dec 31.
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