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Stocks In Focus SG (City Developments, NOL, Raffles Medical Grp) – 16/02/15
Daily Bulletin | 16 February 2015
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City Developments posted a 7.4 percent gain in revenue to $846.9 million for the fourth quarter ended 31 December 2014, mainly driven by strong performance at the company’s hotel operations. Additionally, the divestment of its previous subsidiary, Cityview Place Holdings, has led the company to recognise a gain in other operating income to $342.4 million. As a results, earnings surged 73.4 percent to $384.9 million. For the full year, revenue was up 17.1 percent to a record $3.8 billion while earnings gained 12.2 percent to $769.6 million. The company has proposed a final and special dividend per share of $0.08 and $0.04 respectively.

Cordlife Group saw a 17.5 percent growth in revenue to $14.3 million for the second quarter ended 31 December 2014, underpinned by an increase in the number of client deliveries. However, a 33.7 percent surge in operating expenses as well as fair value losses on its investments and derivatives pummelled earnings as the company sank into losses of $3 million. For the six months, revenue moved up 17.3 percent to $27.5 million and the company recognised a loss of $6.5 million. The company has proposed an interim dividend per share of $0.01.

Neptune Orient Lines recognised a 4.6 percent decline in revenue to US$2.2 billion for the fourth quarter ended 26 December 2014, as lower freight rates and volume dragged revenue performance down. However, the improvement in operational cost efficiencies led the company’s gross profit to jump 48.2 percent, and subsequently helped to reduce losses by 38 percent to US$85.1 million. For the full year, revenue slid 2.4 percent to US$8.6 billion while losses expanded multiple folds to US$259.8 million.

OUE’s revenue declined 4.6 percent to $416.4 million for the year ended 31 December 2014, which was mainly due to the absence of revenue from hotels in China which were disposed in September 2013. However, the company recognised $1 billion in net gains from the disposal of subsidiaries which subsequently allowed it to turn the corner and recognised a net profit of $1.1 billion. The company has declared a final dividend per share of $0.01.

Raffles Medical Group posted a 9.9 percent growth to $374.6 million for the full year ended 31 December 2014, bolstered by higher contribution from healthcare and hospital services as a result of higher patient load from an expanding clinic network and the addition of more specialist consultants. However, in the face of higher operating expenses and the gain of $20.4 million in 2013 arising from the disposal of a subsidiary, earnings fell 20.3 percent to $67.6 million. The group has proposed a final dividend per share of $0.04.

Religare Health Trust’s revenue jumped 26.9 percent to $34.1 million for the third quarter ended 31 December 2014, bolstered by higher hospital income in the two operating hospitals. Despite the higher total expenses, net profit surged 53.5 percent to $11.6 million due to $1.5 million fair value gain on financial derivatives. For the nine months, revenue grew 23.8 percent to $100.7 million, however, net profit sank 10.8 percent to $27 million as the growth in total expenses outpaced revenue growth.

United Industrial Corporation’s revenue gained 13.7 percent to $693.2 million for the year ended 31 December 2014, as a result of higher contributions from higher trading property sales and higher revenue from hotel operations. Further helped by a 90.8 percent growth in contribution from joint ventures, earnings were up 25.9 percent to $398 million. The company has declared a first and final dividend per share of $0.03.

City Developments  10.330 -0.06 -0.58%   
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
Cordlife Group  0.415 -0.005 -1.19%   
Business: Co is in the business of cord lining banking and holds the largest market share of private cord blood banks in Singapore, Indonesia and the Philippines.

Insight: Feb-19, 18M18 revenue increased 13% to $12.1.m mai... Read More
OUE  1.440 -0.010 -0.69%   
Business: An integrated property developer with real estate portfolio located in prime locations in the US & Asia. [FY18 Turnover] Inv ppties (43.7%), hospitality (37.7%), development ppties (10.5%), healthcare (4.6%), fund management & others (3.5%).

Insight: May-19, 1Q19 revenue rose 1.2% due to higher contr... Read More
RHT Health Trust  -- -- --   
Business: Biz trust comprising of healthcare assets in India.

Insight: May-19, Co ceased to have any operating business a... Read More
United Industrial Corp  2.820 +0.01 +0.36%   
Business: Core business in property development & investment. [FY17 Turnover] Property trading (58.8%), property investment (21.8%), hotel ops (11.5%), tech (7.7%), others (0.2%).

Insight: Nov-18, 9M18 revenue slumped 51.4% to $500m mainly... Read More

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