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Stocks In Focus SG (Starhub, Singapore Airlines, Keppel Corp) – 07/02/14
Daily Bulletin | 07 February 2014
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By:
  • StarHub recognised a 6.2 percent decline in 4Q13’s total revenue to $613.7 million from $654.1 million in 4Q12, mainly due to lower sales of equipment, while operating expenses was down 5.5 percent to $521.8 million amid lower cost of sales. Earnings in 4Q13 shrank 4.8 percent to $83.7 million, compared to $87.9 million in 4Q12. For the year, revenue decreased to $2.4 billion and earnings increased to $370.7 million.
  • Singapore Airlines’s 3Q14 revenue was flat at $3.9 billion, mainly attributed to the intensity of competition and unfavourable exchange rate movements. Despite company keeping 3Q14′s expenditure in check, losses and impairments amounting to $46 million dragged earnings down by 64.8 percent to $50.1 million. For the nine months, revenue came in flat at $11.6 billion, while earnings increased 7.1 percent to $332.5 million.
  • Ascendas Hospitality Trust recorded a 10 percent increase in gross revenue to $56.6 million from $51.4 million in 3Q14, due to additional revenue contribution from newly acquired assets. However, earnings for the quarter shrank 90.1 percent to $0.3 million amid a $19 million loss on its business trust arm, partially offset by lesser losses from its real estate investment trust arm. Gross revenue for the nine months increased to $157.7 million leading to a net profit of $0.9 million.
  • Keppel Corporation inked a repeat contract from UMW Oil & Gas Corporation for a KFELS B Class jackup rig for US$218 million (approximately $276.4 million). Slated for delivery in 3Q15, the latest order will be the third KFELS B Class jackup rig for UMW Oil & Gas.
  • Otto Marine bagged a charter contract for its platform supply vessel, Sea Frost, for US$8 million with an option to extend for two additional terms. The contract spanning for 152 days will be utilised to support the Atwood Eagle rig that is located in Australia.
  • Chasen Holdings secured two projects worth $2.5 million, including a contract worth RM5.2 million ($2 million) for the provision of engineering services for a coal-fired power plant in Johor, Malaysia.
StarHub  2.850 +0.01 +0.35%   
Business: [FY16 Turnover] Mobile (50.7%), enterprise fixed (16.7%), pay TV (15.8%), broadband (9%), sale of equipment (7.8%).

Insight: Nov-17, 9M17 net profit fell 18.3% to $234.9m, mai... Read More
Singapore Airlines  10.650 -- --   
Business: Co provides air transportation services to destinations spanning a network spread over 6 continents. [FY17 Turnover] Airline ops (83.8%), cargo ops (13.1%), engrg svcs (2.6%), others (0.5%).

Insight: Nov-17, 1H18 net profit 32.2% to $425m as revenue ... Read More
Ascendas Hospitality Trust  0.860 +0.005 +0.58%   
Business: Comprises the Ascendas Hospitality REIT as well as Ascendas Hospitality Business Trust, predominantly in the Asia Pacific region.

Insight: Aug-17, 1Q18 gross revenue grew 2.2% lifted by app... Read More
Chasen Hldgs  0.086 +0.003 +3.61%   
Business: Provides machinery & equipment relocation & warehousing services. [FY17 Turnover] Relocation (48.4%), technical and engineering (33.6%), third party logistics (18%).

Insight: Nov-17, 1H18 revenue increased by 38.1% mainly con... Read More
Keppel Corp  7.530 +0.04 +0.53%   
Business: [FY16 Turnover] Offshore & marine (O&M) (42.2%), ppt(30%), infrastruc (25.8%), invs (2%).

Insight: Oct-17, 9M17 revenue slid 8.5% mainly due to decli... Read More


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