FY19 earnings

Stripping off net non-trading items, underlying earnings for FY2019 were 10% lower y-o-y at US$321 million.

“CSE remains our preferred small-cap oil and gas pick due to its i) earnings growth potential, 2) sustained dividend and 3) padded backing,” explains CGS-CIMB analyst Cezzane See.

IHH Healthcare group is pursuing a new strategy for the next decade, says Kelvin Loh, IHH’s Managing Director and CEO.

Eddy See, Banyan Tree president and group managing director, says the group has prepared for the Covid-19 outbreak with the same prudent cash-preservation measures used during other global crises such as SARS in 2003 and the different financial crises.

“The majority of HRnet’s gross profit exposure is from Singapore and China, with both having a high number of confirmed cases. We therefore expect core earnings for FY20F to shrink by 12% y-o-y before recovering in FY21F,” DBS analysts say.

SINGAPORE (Feb 27): Jardine Cycle & Carriage (JC&C), a Jardine Matheson company, announced that its FY209 earnings have more than doubled (by 111%) to US$881.4 million ($1.2 billion).

Propnex recorded a 350% surge in its 4Q earnings as private residential market recovers

GSH expects progressive sales contributions from its Malaysia projects to boost its property business in the quarters ahead

“We will continue to leverage on the group’s core competencies to expand our presence on the global platform [for jet fuel supply and trading],” says Wang Yanjun, the group’s CEO and executive director.

SINGAPORE (Feb 26): City Developments Limited (CDL) this morning announced that its 4Q19 earnings have increased by 12.5% to $87.7 million from $77.9 million a year ago. This brings 4Q19 earnings per share to 9.0 cents, 13.9% higher than 7.9 cents in 4Q18