Stocks In Focus SG (Frasers Cpt Trust, SGX, United Food Hldgs) – 23/04/15

Creative Technology‘s net loss widened more than a third to US$11.7 million for the third quarter ended 31 March 2015 (3Q2015), from the loss position of $8.8 million in 3Q14. Revenue for the quarter also fell 9 percent from $25.1 million to US$22.7 million, attributable to the uncertain and difficult market conditions which continued to affect the sales of the group’s products. For the nine months ended March, net loss widened 66 percent to US$30.7 million and revenue dropped 16 percent to US$78.3 million.

Frasers Centrepoint Trust (FCT) reported a 15.9 percent increase in revenue to $47.5 million for 2Q15 and a 2.9 percent growth in distribution per unit (DPU) of 2.963 cents. 1H15 revenue rose 17.1 percent to $94.7 million and DPU rose 6.2 percent to 5.713 cents. With overall portfolio occupancy remaining strong at 97.1 percent, the addition of Changi City Point and organic growth from portfolio of malls are attributable for the increase in revenue.

Singapore Exchange (SGX) posted a 16 percent jump in net profit to $88.2 million, with revenue of $199.3, representing some increase of 20.4 percent. SGX mentioned that the Taiwan trading link is not scheduled to start in July 2015 but likely to start in the first half of 2016.

United Food Holdings reported a 13.6 percent drop in revenue to approximately RMB1 billion in 1Q15 from RMB1.2 billion in 1Q14. Profit from continuing operations was RMB3.3 million, which led Co back into the black for its net profit position to shareholders. The industry that the group operates in continues to face soybean prices volatility, stiff competition price sensitivity and uncertainties arising from changes to China’s economic environment and government policies on soybean and soybean products.

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