Singapore Daily Bulletin – 31/01/13

RELATED QUOTES

SymbolPriceChange
S58.SI5.10+0.13
T24.SI0.315-0.005
5GJ.SI0.057+0.002

SATS’ 3Q12 Net Profit Rises 23%
The absence of a loss from its UK subsidiary Daniels Group, which SATS disposed of in October 2011, was behind a 23 percent jump in SATS’ earnings to $47 million for the third quarter ended 31 December 2012. The double-digit growth in the bottom line was also driven by a 6.4 percent rise in revenue to $470.6 million as the leading provider of gateway services and food solutions in the region recorded broad-based growth. Revenue for the first nine months of the current fiscal year stood at $1.37 billion, a 9.4 percent increase on the back of more flights and higher meal volumes. Meanwhile, net profit was up by 14.7 percent at $138.6 million. Results were lifted by a turnaround of the group’s airline catering firm, TFK, as well. Excluding Daniels Group’s $10.1 million loss in the nine-month period of the year before that and other one-off items, underlying net profit grew 7 percent from a year ago. The company said that the start-up losses incurred by its new businesses in remote catering and cruise handling are set to continue into the following quarter as budgeted.

Significance: Moving ahead, SATS continues to expect moderate growth for its Singapore aviation business while generally, airlines are expecting demand for air travel to improve in 2013 but airfreight demand is likely to remain weak.

Fair Value Gains Lifts Tuan Sing’s 4Q12 Earnings
Mainboard-listed Tuan Sing Holdings got a boost from revaluation gains of investment properties in the fourth quarter ended 31 December 2012. Earnings for the three months more than trebled to $79.1 million from $25.2 million a year ago as fair-value adjustments rose from $24.8 million in 4Q11 to $67.5 million. Increased contribution from sale of development properties led to a 56.2 percent growth in revenue. For the 12 months period, revenue was up 55.1 percent at $371.8 million while earnings more than doubled to $109.5 million. Property remained the largest profit contributor, making up 84.7 percent of the group’s total profit after tax in FY12. The firm has commenced redevelopment of its investment property, the Robinson Towers. Construction is expected to be completed in 2016.

Significance: Tuan Sing expects this year to be a challenging one, particularly for the development property business of the group. It will launch its 99-year leasehold Sennett Residence in the first quarter of the year; a freehold residential project, Cluny Park Residence, is also slated for launch this year.

AusGroup Secures Contract Extension With Apache Energy
In a SGX filing released after trading hours yesterday, AusGroup snagged an extension of their existing contract with Apache Energy for ongoing works on Varanus Island and associated offshore facilities. Under the deal, the scope of works involves mechanical services, sheet metal fabrication, scaffolding and rigging and instrumentation and electrical services. Minor capital works services including the fabrication and installation of pipe and structural work, roofing and wall cladding, painting and protective coatings, piping and, electrical upgrades are also included. In addition, AusGroup’s involvement on the site located off the North West coast of Western Australia’s Pilbara region, will extend to shutdown works.

Significance: Delighted that Apache has elected to continue with the company’s work on Varanus Island, AusGroup’s chief executive officer said that the firm’s proficient delivery and skilled workforce was a factor in securing additional ongoing works.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...

Explore Related Contents

  • Baidu's quarterly revenue falls 2.6 percent
    Baidu's quarterly revenue falls 2.6 percent Reuters - 50 minutes ago

    Analysts on average had expected revenue of 18.23 billion yuan, according to Thomson Reuters I/B/E/S. The revenue slowdown comes as Baidu rides out a public and regulatory backlash triggered by the death of a 21-year-old student who underwent an … More »

  • Baidu's quarterly revenue falls 2.6 percent
    Baidu's quarterly revenue falls 2.6 percent Reuters - 51 minutes ago

    (Reuters) - Baidu Inc (BIDU.O) reported a second straight drop in quarterly revenue as regulatory scrutiny into healthcare and related advertisements continued to take a toll on the Chinese internet search ... … More »

  • Tesla may wait until July before revealing the final version of the Model 3
    Tesla may wait until July before revealing the final version of the Model 3 Business Insider - 57 minutes ago

    AP Photo/Justin Pritchard Tesla Motors unveils the new … Continued The post Tesla may wait until July before revealing the final version of the Model 3 appeared first on Business Insider. … More »

  • Asian Stocks Signal Cautious Start as Yen Gains: Markets Wrap Bloomberg - 59 minutes ago

    The dollar held losses after Treasury Secretary Steven Mnuchin said on Fox Business that fiscal stimulus effects on the economy this year may be limited. Australian stock futures pointed lower and the Aussie climbed as traders tuned in to RBA … More »

  • Homeland Security chief: No use of military for deportations
    Homeland Security chief: No use of military for deportations Associated Press - 1 hour 1 minute ago

    Seeking to tamp down growing unease in Latin America, U.S. Homeland Security Secretary John Kelly pledged Thursday that the United States won't enlist its military to enforce immigration laws and that ... … More »

  • Exclusive - Trump calls Chinese 'grand champions' of currency manipulation Reuters - 1 hour 1 minute ago

    President Donald Trump declared China the "grand champions" of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing's foreign exchange practices. In an exclusive … More »

  • Assured Guaranty posts 4Q profit Associated Press - 1 hour 4 minutes ago

    On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.49. Earnings, adjusted for non-recurring gains, were $1.05 per share. The insurance holding company posted revenue of ... … More »

  • AIA Group FY new businesses rise 28 percent Reuters - 1 hour 12 minutes ago

    Life insurer AIA Group Ltd reported a 28 percent jump in new business in 2016, as it benefited from strong customer demand in its main markets of China and Hong Kong. The Hong Kong-based insurer's value of new business, which measures expected … More »

  • 7 Data-Driven Ways Of Saving On Your Monthly Recurring Bills
    7 Data-Driven Ways Of Saving On Your Monthly Recurring Bills ValuePenguin - 1 hour 12 minutes ago

    Every month, we get bills from various services like telcos and Singapore Power that we need to take care of just to be able to continue getting vital services we need to function normally. According to ValuePenguin's study, the average cost of … More »

  • Business Highlights Associated Press - 1 hour 18 minutes ago

    ___ US factory CEOs to Trump: Jobs exist; skills don't President Donald Trump brought two dozen manufacturing CEOs to the White House on Thursday and declared their collective commitment to restoring factory ... … More »

  • Baidu's Quarterly Revenue Tops Estimates on New Business Push Bloomberg - 1 hour 19 minutes ago

    Revenue for the fourth quarter was 18.21 billion yuan ($2.62 billion), compared with estimates for 18.17 billion yuan, Baidu said in a statement. Net income, adjusted for certain items, was 4.61 billion yuan, compared with the 2.52 billion yuan … More »

  • Dow stands out as global stocks tread water
    Dow stands out as global stocks tread water AFP News - 1 hour 27 minutes ago

    The blue-chip Dow was the lone riser among major stock indices on Thursday as global markets largely ran in place. On Wall Street, the Dow Jones Industrial Average broke a 30-year record by closing at a tenth consecutive all-time high, ending the … More »

  • Spectranetics reports 4Q loss Associated Press - 1 hour 32 minutes ago

    The Colorado Springs, Colorado-based company said it had a loss of 29 cents per share. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 21 cents per share. The ... … More »

  • RE/MAX beats 4Q profit forecasts Associated Press - 1 hour 34 minutes ago

    On a per-share basis, the Denver-based company said it had profit of 22 cents. Earnings, adjusted for non-recurring costs, were 41 cents per share. The results exceeded Wall Street expectations. The average ... … More »

  • Pegasystems posts 4Q profit Associated Press - 1 hour 42 minutes ago

    On a per-share basis, the Cambridge, Massachusetts-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share. The business software company ... … More »

  • How major US stock market indexes fared on Thursday Associated Press - 1 hour 43 minutes ago

    Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall ... … More »

  • Stocks end mixed as investors seek safety; industrials slide
    Stocks end mixed as investors seek safety; industrials slide Associated Press - 1 hour 45 minutes ago

    Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall ... … More »

  • Oil prices up but gains pared after 7th straight stock build
    Oil prices up but gains pared after 7th straight stock build Reuters - 1 hour 46 minutes ago

    By Catherine Ngai NEW YORK (Reuters) - Oil prices rose on Thursday but gains were pared after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine ... … More »

  • BJ's Restaurants beats Street 4Q forecasts Associated Press - 1 hour 46 minutes ago

    The Huntington Beach, California-based company said it had profit of 55 cents per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment ... … More »

  • Hewlett Packard Enterprise Cuts Forecast on Costs, Cloud (1) Bloomberg - 1 hour 47 minutes ago

    Analysts projected 47 cents, according to data compiled by Bloomberg. Chief Executive Officer Meg Whitman -- who has been slimming down the company -- is battling rising competition from cloud-based technology providers that let customers access … More »

  • HP Enterprise misses revenue estimates, cuts FY profit forecast
    HP Enterprise misses revenue estimates, cuts FY profit forecast Reuters - 1 hour 48 minutes ago

    HPE said it expected full-year adjusted profit of between $1.88-$1.98 per share, down from $2-$2.10 it forecast earlier. Analysts on average were expecting a profit of $2.05 per share, according to Thomson Reuters I/B/E/S. … More »

  • Applied Optoelectronics posts 4Q profit Associated Press - 1 hour 48 minutes ago

    On a per-share basis, the Sugar Land, Texas-based company said it had profit of 77 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 84 cents per share. The results surpassed ... … More »

  • HP Enterprise misses revenue estimates, cuts full-year profit forecast
    HP Enterprise misses revenue estimates, cuts full-year profit forecast Reuters - 1 hour 48 minutes ago

    (Reuters) - Hewlett Packard Enterprise Co (HPE.N), the corporate hardware and enterprise software business of Hewlett-Packard Co, reported lower-than-expected quarterly revenue and cut its full-year profit ... … More »

  • Imax tops Street 4Q forecasts Associated Press - 1 hour 52 minutes ago

    On a per-share basis, the Ontario Canada, Ontario-based company said it had profit of 13 cents. Earnings, adjusted for stock option expense, came to 22 cents per share. The results exceeded Wall Street ... … More »

  • S&P 500 inches up after Trump jobs pledge
    S&P 500 inches up after Trump jobs pledge Reuters - 1 hour 56 minutes ago

    At a meeting with about two dozen chief executives, Trump said he plans to bring millions of jobs back to the United States, without revealing a specific plan on how to counter a decades-long fall in factory jobs. "We have seen quite a bit about … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.27+0.02+5.88%
    N21.SI
    0.198+0.022+12.50%
    40F.SI
    1.03+0.05+5.10%
    G13.SI
    0.131+0.017+14.91%
    41F.SI
    0.395+0.035+9.72%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.325+0.075+30.00%
    PA3.SI
    1.815+0.280+18.24%
    S51.SI
    0.128+0.017+15.32%
    UV1.SI
    0.53+0.07+15.22%
    BLR.SI
    0.131+0.017+14.91%
    41F.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.10-0.03-21.26%
    A7S.SI
    0.145-0.034-18.99%
    AZR.SI
    0.094-0.014-12.96%
    5DL.SI
    0.295-0.040-11.94%
    BPF.SI
    0.20-0.02-9.09%
    SK3.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4074-0.0001-0.01%
    USDSGD=X
    1.4894+0.0005+0.03%
    EURSGD=X
    1.7671+0.0006+0.03%
    GBPSGD=X
    80.0800+0.018+0.02%
    SGDJPY=X
    5.5118+0.001+0.02%
    SGDHKD=X
    3.1607-0.0019-0.06%
    SGDMYR=X
    9,518.7842-5.5508-0.06%
    SGDIDR=X
    4.8751-0.0027-0.06%
    SGDCNY=X
    1.0858+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,250.10-1.30-0.10%
    GCJ17.CMX
    18.17+0.05+0.26%
    SIH17.CMX
    89.61-0.30-0.34%
    ^XAU
    2.64-0.01-0.19%
    HGH17.CMX
    54.37-0.08-0.15%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.88-0.03
    ^FVX
    2.39-0.03
    ^TNX
    3.02-0.01
    ^TYX