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Stocks In Focus SG (Genting SG, Hotel Properties, NeraTel) – 25/02/15
Daily Bulletin | 25 February 2015
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Genting Singapore posted a 7.9 percent drop in revenue to $637.9 million for the fourth quarter ended 31 December 2014, mainly attributable to lower gaming revenue. Despite the decline in revenue, cost of sales was up 0.8 percent to $486.6 million. Subsequently, net profit fell 36.5 percent to $89.2 million. For the full year, revenue inched up 0.5 percent to $2.9 billion while net profit fell 12.2 percent to $517.3 million. The company has declared a final dividend per share of $0.01 for the year.

Healthway Medical Corporation saw a 7.2 percent gain in revenue to $21.3 million for the fourth quarter ended 31 December 2014, mainly as a result of increased patient volume. Despite a 16.1 percent expansion in staff costs that has offset most of the revenue gain, an income tax credit of $0.6 million has helped to narrow losses by 31 percent to $2.8 million. For the full year, revenue was up 6.3 percent to $85.7 million while net profit was down 67.8 percent to $9.8 million.

Hotel Properties’ revenue declined 11.2 percent to $614.6 million for the year ended 31 December 2014, led by the completion of the Tomlinson Heights condominium development in March 2014 where revenue has already been recognised. Subsequently, net profit fell 30 percent to $124.4 million.

Nera Telecommunications posted an 8.7 percent gain in turnover to $48.3 million for the fourth quarter ended 31 December 2014, underpinned by higher contributions from both the telecommunication and info-communication business segments. Coupled with a lesser overall expenses in particular to a 9.5 percent reduction in distribution and selling expenses, net profit grew 20.2 percent to $4.6 million. For the full year, turnover moved up 2.3 percent to $182.4 million while earnings fell 30.9 percent to $16.2 million. The company has declared a final dividend per share of $0.02 for 4Q14.

Pan Asian Holdings has agreed to sell a property located at No. 2 Tractor Road for $8.3 million. The group views this as a timely opportunity to dispose of the property since it is underutilised. Post disposal, the group intends to purchase another property that will be suitable for its operations and in the meantime, it will be in search of a rental property to temporarily house its operations. The proceeds from the disposal would be used for working capital purposes.

Genting Singapore  0.925 +0.010 +1.09%   
Business: Develops, operates & mkts casinos & IRs globally, including Australia, M'sia, Philippines & UK. [FY18 Turnover] Gaming (66.1%), non-gaming (33.8%), others & invs (0.1%).

Insight: May-19, 1Q19, despite Co's non-gaming business reg... Read More
Healthway Medical Corp  -- -- --   
Business: Network of private medical centers & clinics, providing primary healthcare, dental & specialist services in Singapore.

Insight: May-19, 1Q19 revenue slid 5.4% with decreased reve... Read More
Hotel Properties  3.740 +0.09 +2.47%   
Business: Co is involved in hotel ownership, management & operation, & property development. [FY18 Turnover] Hotels (87.5%), properties (12.5%).

Insight: May-19, 1Q19 revenue slid 12.2% due to lower contr... Read More
Nera Telecommunications  -- -- --   
Business: Co engages in sales, distributn & servicing of transmission networks, satellite comm, & IT networks.

Insight: May-19, 1Q19 revenue slid 11.4% with both the netw... Read More
Pan Asian Hldgs  -- -- --   
Business: Co provides piping system solutions primarily to the water purification & wastewater treatment. [FY18 Turnover] General trading (56.4%), valves (21.1%), engineering solutions (20.4%), others (2.1%).

Insight: Mar-19, FY18 revenue rose 6.1% to $25.3m due to hi... Read More

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