FY19 results

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

Eight of the 11 research houses covering Yanzijiang have “buy” ratings on the stock.

“We are doing our utmost to prevent the coronavirus fiasco from affecting the yards and production activities. We will also optimize production resources to minimize any disruption to the delivery schedule,” says CEO Ren Letian.

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

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

Despite the higher earnings in 4QFY2019, the group’s full-year earnings came in at $688.6 million, representing a 9% decline from FY2018’s earnings of $755.4 million.

SINGAPORE (Jan 21): Keppel Pacific Oak US REIT (KORE) reported a distribution per unit (DPU) of 1.51 US cents for 4Q19 ended December, some 26.9% higher than its forecasted DPU of 1.19 US cents. 

Analysts are quick to point out that acquisitions are likely to remain a key determinant for FLT’s success.  In a Thursday report, DBS analyst Derek Tan believes that the REIT remains on the hunt for acquisitions to further diversify its asset and e