Markets and Investing
Second Chance Properties’ profit surge 87.8% to $30.1m
This is due to higher than expected revaluation gains of $13.5 million.
Second Chance Properties’ profit surge 87.8% to $30.1m
This is due to higher than expected revaluation gains of $13.5 million.
Sound Global remains afloat with a record orderbook of RMB 2.4b
Hyflux also remains strong with S$982m worth of new orders.
Singapore Telcos’ unlimited data plans: A thing of the past?
M1 is phasing out its unlimited data plans, and StarHub may soon follow suit.
CDL Hospitality Trust’s net property income rose 24% to $29.1m
This rise in its Q2 2011 figure is mainly due to contribution from its hotels such as Studio M Hotel.
Mayday, mayday: TFK drags SATS’ FY12 earnings
Excluding one-off accounting gain of S$10, TFK reported pre-tax loss of S$7m in 1QFY12.
Wing Tai Holdings’ $649.1m revenue in FY11 within expectations
The 21% YoY revenue slump was due to lower development revenue mainly from Helios Residences.
Food segments drive Olam’s resilient earnings
Net contribution per ton rose 12.4% to S$145 in FY11.
Amtek Engineering’s US$11.4m profit below expectations
But sales improved 7% yoy and qoq to US$176m in 4QFY11.
UOL Group resilient with multi-growth engines
Its recent project at The Plaza, Beach Rd extension should boost earnings when completed in 4Q12.
Rotary Engineering’s order book to contract to $450m by 2013
The company's order book may decline from a peak of $1.3bn in 2009.
Flunked out: Raffles Education’s net profit plunges 20.2% to S$41.9m
And its revenue retracted 16.2% to S$157.6m.
Frasers Centrepoint Trust to issue 55m shares to fund Bedok Point acquisition
And FCT will fund the balance through $65m of borrowings.
Hello, investors: M1 could still increase dividend beyond its 80% payout ratio
The telco paid out 100% of its earnings last year despite worse conditions.
SPH’s print advertising revenue may drop 20% in FY12
Kim Eng says the dividend payout should be sufficient to cushion the impact of any share price weakness.
Olam may have 29% YoY profit growth in FY 2011
This is on the back of 16% YoY volume growth led by strength in edible nuts and confectionery ingredients.
Amtek Engineering’s profit could surge 80% in FY 2011
CIMB believes that their FY11 profit forecast of S$49.7m is achievable.
BH Global Marine’s stocks unscathed by recent sell-off
Its share price declined by only 10% since the beginning of the month.
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