Stocks In Focus SG (GLP, SATS, SingPost) – 05/02/15
Related stocks: SGX:MC0, SGX:H19, SGX:S58, SGX:S08, SGX:5CQ
Global Logistic Properties posted a flat revenue of US$179 million for the third quarter ended 31 December 2014. The flattish result was mainly attributed to increasing rents from the completion and stabilisation of development projects in China, partially offset by the recognition of deferred rental revenue in December 2013. Additionally, due to weaker contributions from jointly-controlled entities, net profit sank 36.2 percent to US$112.4 million. For the nine months, revenue advanced 15.7 percent to US$541.3 million while net profit fell 27.4 percent to US$381.3 million.
Hwa Hong Corporation’s revenue slid 4.2 percent to $6.6 million for the fourth quarter ended 31 December 2014, mainly as a result of lower rental revenue from commercial and services offices in the UK. Coupled with a more than 90 percent drop in contributions from the company’s associates and joint ventures, net profit declined 60.4 percent to $1.1 million. For the full year, revenue dropped 28.6 percent to $20.4 million while earnings gained 43.9 percent to $12.4 million led by multi-fold gains in other income. The company has declared a final and special dividend per share of $0.01 and $0.0015.
SATS booked a 3.2 percent fall in revenue to $450.7 million for the third quarter ended 31 December 2014, underpinned mainly by weaker performance from its food solutions segment. However, a 5.6 percent reduction in overall expenses, driven by the management’s initiative to focus on managing costs and improving productivity, has led net profit to prance up 25.2 percent to $53.7 million. For the nine months, revenue dipped 1.8 percent to $1.3 billion while net profit gained 4.6 percent to $144.1 million.
Singapore Post saw a 7.6 percent gain in revenue to $239.6 million for the third quarter ended 31 December 2014, mainly due to improved contributions from its e-commerce and logistics businesses. Subsequently, net profit grew 7.3 percent to $42.2 million. For the nine months, revenue was up 6.9 percent to $670.9 million while net profit advanced 6 percent to $119.1 million. The company has declared an interim dividend per share of $0.0125.
Technics Oil & Gas, via a subsidiary of an associate company, Wecom Engineering, bagged GRE contracts worth $7.2 million to supply, fabricate, test, install and commission the SW and Ballast systems for a customer in Singapore.
http://www.sharesinv.com/
Related stocks: SGX:MC0, SGX:H19, SGX:S58, SGX:S08, SGX:5CQ
Global Logistic Properties posted a flat revenue of US$179 million for the third quarter ended 31 December 2014. The flattish result was mainly attributed to increasing rents from the completion and stabilisation of development projects in China, partially offset by the recognition of deferred rental revenue in December 2013. Additionally, due to weaker contributions from jointly-controlled entities, net profit sank 36.2 percent to US$112.4 million. For the nine months, revenue advanced 15.7 percent to US$541.3 million while net profit fell 27.4 percent to US$381.3 million.
Hwa Hong Corporation’s revenue slid 4.2 percent to $6.6 million for the fourth quarter ended 31 December 2014, mainly as a result of lower rental revenue from commercial and services offices in the UK. Coupled with a more than 90 percent drop in contributions from the company’s associates and joint ventures, net profit declined 60.4 percent to $1.1 million. For the full year, revenue dropped 28.6 percent to $20.4 million while earnings gained 43.9 percent to $12.4 million led by multi-fold gains in other income. The company has declared a final and special dividend per share of $0.01 and $0.0015.
SATS booked a 3.2 percent fall in revenue to $450.7 million for the third quarter ended 31 December 2014, underpinned mainly by weaker performance from its food solutions segment. However, a 5.6 percent reduction in overall expenses, driven by the management’s initiative to focus on managing costs and improving productivity, has led net profit to prance up 25.2 percent to $53.7 million. For the nine months, revenue dipped 1.8 percent to $1.3 billion while net profit gained 4.6 percent to $144.1 million.
Singapore Post saw a 7.6 percent gain in revenue to $239.6 million for the third quarter ended 31 December 2014, mainly due to improved contributions from its e-commerce and logistics businesses. Subsequently, net profit grew 7.3 percent to $42.2 million. For the nine months, revenue was up 6.9 percent to $670.9 million while net profit advanced 6 percent to $119.1 million. The company has declared an interim dividend per share of $0.0125.
Technics Oil & Gas, via a subsidiary of an associate company, Wecom Engineering, bagged GRE contracts worth $7.2 million to supply, fabricate, test, install and commission the SW and Ballast systems for a customer in Singapore.
http://www.sharesinv.com/
