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financial statements
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.
March 09, 2023
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.
May 07, 2021
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.
October 07, 2020
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).
April 22, 2020
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.
February 06, 2020
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
March 15, 2019
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.
February 04, 2019
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
May 23, 2018
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.
November 04, 2016
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.
July 28, 2016