Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,169.89 +9.17 +0.29%
Hang Seng 27,353.93 +86.80 +0.32%
Dow Jones 25,585.69 +95.22 +0.37%
Shanghai Composite 2,852.99 +0.48 +0.02%
Stocks In Focus SG (City Developments, First Resources, SingTel) – 13/11/14
Daily Bulletin | 13 November 2014
Related stocks:
EB5
C09
TQ5
S61
Z74
By:

City Developments saw a 58.3 percent gain in revenue to $1.3 billion for the third quarter ended 30 September, boosted mainly by the completion of the 602-unit executive condominium, Blossom Residences. However, an expansion in overall operating expenses led by a 19.8 percent hike in other operating expenses, caused the group to recognise lower net profit growth. Subsequently, net profit was up 4.7 percent to $127.2 million. For the nine months, revenue soared 20.3 percent to $2.9 billion while net profit was down 17.1 percent to $384.7 million, led by a 92.6 percent decline in other operating income.

First Resources posted a 2.8 percent decline in revenue to US$148.8 million for the third quarter ended 30 September, underpinned by lower average selling prices. Further impacted by a 12.3 percent expansion in cost of sales, net profit dropped 16.1 percent to US$43.1 million.  For the nine months, revenue slid 1.9 percent to US$438.9 million while earnings fell 25.2 percent to $114.2 million.

Frasers Centrepoint registered a 33.2 percent growth in revenue to $2.7 billion for the year ended 30 September, contributed by overseas development property sales in Australia, China and the United Kingdom. However, the incurrence of a $119.8 million in exceptional items which mainly stemmed from an $88.1 million in transaction costs on acquisition of subsidiaries, dragged net profit down by 30.7 percent to $500.7 million. The group has declared a final dividend per share of $0.062.

SBS Transit saw a 13.6 percent rise in revenue to $248.6 million for the third quarter ended 30 September, in tandem with growth in both its bus and rail segments. Despite a 12.8 percent rise in total operating expenses, net profit pranced up 62.2 percent to $5.7 million. For the nine months, revenue posted gains of 11.6 percent to $706.5 million, accompanied with a 47.1 percent acceleration in net profit to $14 million.

Singapore Telecommunications’ revenue advanced 3.5 percent to $4.3 billion for the second quarter ended 30 September, driven by growth in its consumer and enterprise core businesses. Helped further by a 22.2 percent increase in contributions from the company’s associates and joint ventures, net profit jumped 19.3 percent to $1 billion. For the six months, revenue and net profit came in flat at $8.5 billion and $1.9 billion respectively.

First Resources  1.580 -0.020 -1.25%   
Business: Co engages in the cultivation and maintenance of oil palm plantations. [FY18 Turnover] Refinery and processing (95.5%), plantations & palm oil mill (4.5%).

Insight: Feb-19, FY18 revenue dipped 2.1% due to lower aver... Read More
City Developments  8.330 +0.03 +0.36%   
Business: Co is an international property & hotel conglomerate. [FY18 Turnover] Property development (48.4%), hotel operations (39.8%), rental properties (8.5%), others (3.3%).

Insight: May-19, 1Q19 decreased 29.5% to $746.2m compared t... Read More
Frasers Property  1.800 +0.020 +1.12%   
Business: Co operates as a real estate company. [FY18 Geographical] Australia (41.1%), Singapore (33.2%), Europe (14.1%), China (7.2%), others (4.4%).

Insight: Feb-19, 1Q19 revenue surged 44.7% and net profit j... Read More
SBS Transit  3.990 +0.02 +0.50%   
Business: Public transport operator in S'pore. [FY18 Turnover] Public transport svcs (95.8%), other commercial svcs (4.2%).

Insight: Feb-19, FY18 revenue jumped 16.1% to $1.4b mainly ... Read More
Singtel  3.150 +0.03 +0.96%   
Business: Asia's leading communications group. [FY19 Turnover] Mobile Comm (31.1%), Data & Internet (19.2%), Infocomm Technology (17.5%), Sale of Eqmt (16.5%), Digital Biz (7.2%), Fixed Voice (5.2%), Pay-TV (2.1%), Leasing (0.8%), others (0.4%).

Insight: May-19, FY19 operating revenue remained flat at $1... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.