Markets and Investing
SingTel’s net profit to be flat at S$850m-880m in 2Q12
CIMB expects 2H to be stronger given that affiliate Bharti’s performance would improve on the back of tariff hikes.
SingTel’s net profit to be flat at S$850m-880m in 2Q12
CIMB expects 2H to be stronger given that affiliate Bharti’s performance would improve on the back of tariff hikes.
Hyflux’s revenue plunges 36.2% to S$87.7m in 3Q11
And net profit also declined 33.6% due to higher preparation costs for its Tuaspring Desalination project.
Roxy Pacific Holdings’ profit surges 50% to S$13.4m in 3Q11
The boost came from the S$9.6m fair value gain from reclassifying Kovan Centre to a development property.
Rotary Engineering’s net profit slumps 40% in 3Q11
The company’s earnings were even worse than analyst and consensus estimates.
OSIM International’s S$13.1m profit below analyst’s expectations
Its revenue also declined 10.8% QoQ to S$123.6m in 3Q11.
Analyst warns SingLand of looming downward pressure to office rents next year
Portfolio seems resilient, but rental income still accounts for more than 60% of the group’s gross profits.
StarHub shrugs off iPhone 4S launch
But the economics of pay TV and the painfully slow take-up of NBN are posing threats to the telco.
Up to S$150m worth of acquisitions ahead for Cache Logistics Trust in FY11-12
CIMB says its offers one of the most attractive and resilient yields in the market.
Wing Tai’s luxury projects boost its 1Q12 revenue to S$109m
And the mid-segment accounted for 83% of its sales, mainly from Foresque Residences and Floridian.
CDL Hospitality Trusts’ portfolio performance fails analyst expectations
DBS assumed RevPAR in 3Q11 to match the previous peak of S$222/night in 2Q08, but they were wrong.
Causeway Point to drive Frasers Centrepoint Trust’s growth in 2012
Shopping will be a blast as the mall was revamped with over 70% new and upgraded shops.
Sound Global stays strong with RMB1.3b worth of orders YTD
It has recently won a RMB480m contract to build wastewater treatment plants in five rural towns in Jiangsu Province.
Frasers Commercial Trust’s revenue up 3.8% to S$30.4m in 4Q11
Its revenue was buoyed by higher contributions from Central Park and KeyPoint.
OKP Holdings’ $433m order book to grow ‘mega jobs’ up for grabs
The company earned S$4.9m in Q3 despite a 30% revenue slump.
FREIT’s revenue surges 79.2% to S$13.7m in 3Q11
It’s a good year ahead for FREIT as it has a strong pipeline of possible acquisition targets from its sponsor, Lippo.
Mapletree Logistics Trust’s revenue jumps 25.4% to S$68.3m
The surge in revenue was driven by positive rental reversions of 22% and improvement in occupancy rate to 99%.
SATS flies 7% more passengers in 2QFY12
Credit goes to the fast growing low cost carriers segment which beat the full-service carriers.
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