financial statements

Valuation of companies is ultimately about cash generation, not accounting profits - THE EDGE SINGAPORE

Tong's Portfolio

Valuation of companies is ultimately about cash generation, not accounting profits

Globally, inflation is at a multi-decades high and looking to be stickier than most have expected.
PEC disposes 25% stake in Huizhou Tianxin Petrochemical Engineering for consideration of RMB7.5 mil - THE EDGE SINGAPORE

M&A

PEC disposes 25% stake in Huizhou Tianxin Petrochemical Engineering for consideration of RMB7.5 mil

PEC intends to use the proceeds of the disposal for general working capital requirements.
Terence Loh resigns from Bellagraph Nova Group following alleged financial statement forgery at Novena Global Healthcare - THE EDGE SINGAPORE

Company in the news

Terence Loh resigns from Bellagraph Nova Group following alleged financial statement forgery at Novena Global Healthcare

His name has been removed from the BN Group website which used to be plastered with photos of the three founders.

Regulatory Action

SGX RegCo allows some companies more time to release full-year results

SINGAPORE (April 22): Selected companies will be automatically granted an extension period to issue their unaudited full-year financial statements, according to the Singapore Exchange Regulation (SGX RegCo).

Regulatory Action

Hyflux, Trek 2000 among dozens of listcos ordered to perform quarterly reporting by SGX RegCo

The market regulator went on a Notice of Compliance (NOC) spree after market close on Thursday, ordering certain companies to “perform QR till further notice from SGX RegCo.

Total compliance in financial reporting, but was it misleading?

(Mar 18): Last week, I talked about how it can be difficult to interpret published financial statements because of overly ambitious objectives of the accounting profession, evolving reporting standards and the resulting vagaries that could sometimes trans

Broker's Calls

CGS-CIMB cuts SingPost target price despite 3Q earnings growth

SINGAPORE (Feb 4): CGS-CIMB Securities is maintaining its “hold” call on Singapore Post (SingPost) while lowering its target price to $1.03 from $1.12 previously, which now implies 19.7 times FY20F P/E.

Management & Corporate Governance

YuuZoo's former director provides bond to report back to CAD

SINGAPORE (May 23): YuuZoo on Tuesday announced that former chairman Thomas Zilliacus has provided a bond to report back to the Commercial Affairs Department (CAD) on June 4, to assist further in CAD’s investigation regarding a potential breach of the S

Results

Singapura Finance announces 28.9% fall in 5Q net profit after tax to $0.5 mil

SINGAPORE (Nov 4): Singapura Finance reported profit after tax fell 28.9% to $0.53 million in its fifth quarter from Jul 1, 2016, to Sept 30, 2016 from $0.74 million the year before on higher expenses.

Results

TEE International’s 4Q earnings dip 69% to $2.6 mil

SINGAPORE (July 28): TEE International posted earnings of $2.6 million for its 4Q16 ended May, 68.9% lower than its earnings of $8.3 million for the same period a year earlier.  
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