FY2019 results

Despite the lower earnings, Venture is maintaining its yearly dividend payout of 70 cents per ordinary share, including a 20 cents interim dividend that was paid in September 2019, and a proposed final dividend of 50 cents.

RHB Securities says STE is “well-positioned” to deliver earnings growth of 10% from 2019 to 2022.

SembMarine is expecting the trend of losses to continue into 2020 amid supply chain disruptions due to the Covid-19 virus outbreak which could affect execution of its projects, as well as intense competition across all business.

Although Genting Singapore is likely to be hit by the Covid-19 virus, market watchers agree that the counter is set for a solid turnaround in 2HFY2020.

The 4.4% jump in revenue came on the back of higher bus service fees and rail fares which were attributable to an increase in ridership and average fares due to the 2018 fare hike.

Hi-P also announced its profit guidance for FY2020. On a y-o-y basis of comparison, the group expects to book a lower revenue and profit for 1HFY2020 c but a higher revenue and lower profit for FY2020.