|Bid||0.5450 x 0|
|Ask||0.5600 x 0|
|Day's range||0.5450 - 0.5500|
|52-week range||0.4650 - 0.5750|
|Beta (3Y monthly)||-0.13|
|PE ratio (TTM)||10.28|
|Forward dividend & yield||0.03 (5.49%)|
|1y target est||N/A|
Challenger Technologies Limited's (SGX: 573) net profit fell by over a fifth during the first quarter of 2019. Here are some of the key takeaways from its latest earnings that investors should be aware of.
SINGAPORE (Mar 21): Challenger Technologies has received a 56 cents per share cash offer from the family of founder Loo Leong Thye and its partners to delist the retailer of IT products. Challenger says delisting will provide greater operational flexibility to manage the business, given the company is facing challenges from weak retail sentiment and industry disruption. Challenger also says it has not carried out any exercise to raise cash funding on the SGX since its listing in 2007 and is unlikely to require access to Singapore capital markets to finance its operations in the foreseeable future.
SINGAPORE (Feb 15): Challenger Technologies has concluded FY18 with $19.5 million in earnings, up 22% from $16 million in FY17 due to higher gross profit and lower operating expenses. The stronger full-year bottomline was achieved in spite of 2% decrease in 4Q18 earnings to $4.7 million from $5.8 million in 4Q17, mainly due to a higher income tax expense of $0.7 million. Challenger attributes the slowdown to weak retail sentiment from global economic uncertainties such as the US-China trade war and Brexit.
With Courts Asia’s recent proposed takeover offer from the listed Japanese electronics retailer, Nojima on 18 January 2019, market attention has turned to other electronics retailers (both non-public and public-listed) to understand if market consolidation has now set upon these electronics retailers. Are privatisations or deep restructuring plans needed to ensure the continued sustainability among the various players in the electronics retailing industry?
SINGAPORE (Nov 2): Challenger Technologies posted $4.5 million in earnings for the 3Q ended Sept, 44% higher its restated earnings of $3.1 million a year ago on higher revenue as well as lower operating expenses. Revenue for the quarter grew 6% to $82.5 million from $77.8 million previously, mainly due to higher contribution from IT products and services as both the corporate sales and tradeshow divisions booked revenue growth. This was however offset in part by lower revenue contributions from the electronic signage services business segment compared to a year ago, on the back of partial completion of a major project in 3Q17.
I am writing today to help inform people who are new to the stock market and want a simplistic look at the return on Challenger Technologies Limited (SGX:573) stock. ChallengerRead More...