retail

Broker's Calls

Can Suntec REIT count on improving retail revenue to drive its earnings up?

SINGAPORE (Apr 26): RHB and Maybank Kim Eng are maintaining their "hold” calls on Suntec REIT with target prices of $1.75 and $1.94 respectively, a day after the release of its latest 1Q18 results.

How investor portfolios are evolving to prepare for volatility's return

SINGAPORE (Apr 25): Despite long-running investor expectations of a spike in volatility, professional fund buyers are remaining split over the consequent impact on their portfolios.

M&A

SIA to subscribe for majority shareholding in SATS-DFASS joint venture company

SINGAPORE (Mar 8): Airport gateway and food solutions provider SATS says Singapore Airlines (SIA) has agreed to subscribe for a 70% stake in inflight sales concessionaire DFASS SATS.

Results

BHG Retail REIT posts 0.8% higher 4Q DPU of 1.32 cents

SINGAPORE (Feb 23): The manager of BHG Retail REIT has declared a 4Q distribution per unit (DPU) of 1.32 cents, up 0.8% from its DPU of 1.31 cents in 4Q16.

Broker's Calls

Sheng Siong on track for an even more bountiful FY18

SINGAPORE (Feb 23): DBS and OCBC are maintaining their “buy” calls on Sheng Siong following the supermarket operator’s release of its latest 4Q results, which brings FY17 earnings to a total of $69.8 million, up 11.4% from $62.7 million in FY16.

Broker's Calls

Dairy Farm to ride on regional consumer sentiment uptick this year: RHB

SINGAPORE (Feb 19): RHB is maintaining “overweight” on Singapore’s consumer staples sector while highlighting Dairy Farm as its preferred “buy” pick with an unchanged target price of US$9.53 ($12.50) on expectations of consumption to pick up acr

Broker's Calls

This F&B stock remains a sumptuous 'buy', says Phillip Capital

SINGAPORE (Feb 15): Phillip Capital is maintaining its “buy” call on Old Chang Kee with a following the group’s release of its 9M18 results, which came in at 78% of the research house’s full year expectations.

Results

Courts Asia posts 28.7% decline in 3Q earnings of $3.5 mil on lower profit margin

SINGAPORE (Feb 13): Courts Asia, the electrical, furnishing and consumer electronics retailer, announced earnings of $3.5 million for the third quarter of FY17, down 28.7% from its net profit of $4.9 million a year ago on lower gross profit margin and hig

Results

Epicentre sinks into the red in 1H18 on lower revenue

SINGAPORE (Feb 12): Epicentre Holdings, the retailer of Apple products though its EpiCentre chain of stores, has reported a loss of $2.1 million for 1H18 compared to its profit of $0.4 million a year ago on lower revenue.

New business opportunities abound for retailers as industry landscape transforms, says Deloitte

SINGAPORE (Jan 24): It is a transformative time in retail with consumers in the driver’s seat, according to Deloitte Global.
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