FY17

SINGAPORE (Mar 1): Yongnam Holdings reported full-year losses narrowed by half to $15.8 million in FY17 from $31.6 million in FY16 on improved margins for some of its projects.  

SINGAPORE (Mar 1): UOB Kay Hian is maintaining its “buy” call on Singapore Medical Group (SMG) with a P/E-based target price of 83 cents, pegged to the peer average FY18 P/E ratio of 26.8 times.

SINGAPORE (Mar 1): Phillip Capital is maintaining “accumulate” on Asian Pay Television Trust (APTV) with a lower target price of 62 cents from 64 cents previously to account for lower ARPU and higher cash taxes in FY18.

SINGAPORE (Mar 1): DBS and CIMB are positive on the outlook of UMS Holdings, maintaining their respective “buy” calls with higher target prices after the group delivered record 4Q profits on higher revenue and a one-off gain.

SINGAPORE (Feb 28): Y Ventures has sunk into the red in FY17 with a loss of US$0.9 million ($1.2 million) compared to a profit of $1.5 million in the previous financial year due to higher administrative expenses.

SINGAPORE (Feb 28): AsiaPhos swung back into the black with FY17 earnings of $0.2 million compared to its loss of $1.7 million a year ago on a near-doubling of full year revenue.

SINGAPORE (Feb 28): The manager of EC World REIT has declared a 4Q distribution per unit (DPU) of 1.508 cents, which is 2.8% higher from its 4Q16 DPU of 1.463 cents on lower forex losses.

SINGAPORE (Feb 28): Fu Yu Corporation posted 4Q17 earnings of $2.4 million for the 4Q ended Dec 2017, 56.8% down from $5.6 million a year ago on other operating expenses.

SINGAPORE (Feb 28): Hong Leong Asia reported FY17 losses of $66.5 million, 6.7% smaller than the net loss of $71.3 million a year ago.

SINGAPORE (Feb 28): ABR Holdings reported 4Q17 earnings double to $2.5 million from $1.3 million a year ago on higher revenue.