Results

Midas posts 76% rise in FY16 earnings to $20.5 mil, thanks to contributions from new division

SINGAPORE (Feb 28): Midas Holdings announced a 76.3% increase in FY16 earnings of RMB100.8 million ($20.5 million) from RMB57.2 million a year ago.

Highlight

Ready for rising rates

Koh Liang Choon, head of fixed income at Nikko AM Asia, says the region’s bond market is still growing fast on the back of higher demand and supply. He is raising exposure to US dollar-denominated corporate debt and may lengthen the duration of his portfolios.

Results

Yeo Hiap Seng posts 21.4% decline in FY16 earnings to $29 mil

SINGAPORE (Feb 28): Yeo Hiap Seng reported FY16 earnings of $29 million, down 21.4% from FY15 a year ago.

Hatten Land Colin Tan

The Call

Hatten Land started at ‘overweight’ by NRA Capital

SINGAPORE (Feb 28): NRA Capital has initiated coverage on property developer Hatten Land with an “overweight” rating and a fair value estimate of 44 cents.

Hatten Land shares opened at 29.5 cents when it started trading on the Catalist board of Singapore Exchange (SGX) on Tuesday.

The Call

This oncology specialist is about to become the talk of the town

SINGAPORE (Feb 28): RHB is starting coverage of private oncology specialist TalkMed with a “buy” on substantially lower projected FY17 losses at its associates, higher share liquidity and expectations of expansion via acquisitions.

Results

Olam swings back to profitability in 4Q on better operational performance

SINGAPORE (Feb 28): Olam International reported 4Q earnings of $102.2 million, compared to a loss of $269.4 million last year on improved operational performance and lower exceptional losses.

Operational PATMI, which excludes exceptional items, more than doubled to $102.3 million.

Midas posts 76% rise in FY16 earnings to $20.5 mil, thanks to contributions from new division
SINGAPORE (Feb 28): Midas Holdings announced a 76.3% increase in FY16 earnings of RMB100.8 million...
Soup Restaurant’s FY16 earnings rise 3.2% to nearly $1 mil
SINGAPORE (Feb 28): Soup Restaurant Group reported a 3.2% rise in FY16 earnings of $998,000 on...
Thakral reports 93% fall in FY16 earnings to $0.4 mil in FY16
SINGAPORE (Feb 28): Thakral Corporation reported a 93% fall in FY16 earnings to $0.4 million...
Yeo Hiap Seng posts 21.4% decline in FY16 earnings to $29 mil
SINGAPORE (Feb 28): Yeo Hiap Seng reported FY16 earnings of $29 million, down 21.4% from FY15 a...
Since 2011, CNMC has steadily increased its gold production yearly to an all-time high of 31,206 ounces of fine gold in 2015
Portfolio returns at 4.7% so far; CNMC Goldmine latest addition
SINGAPORE (Feb 24): The unveiling of Budget 2017 on Feb 20 brought little cheer to Singapore investors. The Straits Times Index declined 10.96 points on Feb 20 and another 2.5 points on Feb 21, closing at 3,094.19 points. Still, the STI is up 0.8%...
This week's portfolio addition Golden Energy and Resources up 3%
SINGAPORE (Feb 20): Golden Energy and Resources (GEAR) is up 1.5 cents or 2.9% to 53.5 cents with 5 million shares traded. This week, the coal miner was added to the Singapore Market Portfolio as we think it will benefit from higher its coal...
Portfolio gains 1.5%, adds Golden Energy and Resources
SINGAPORE (Feb 20): Concerns over bad loans appeared to weigh on the Straits Times Index this past week. The STI surged to a new high on Feb 13, but fell 39 points to close on Feb 14 at 3,072.47 points. It was up just 0.03% in the week to Feb 14....
Old Chang Kee
Portfolio up as markets continue to run, Old Chang Kee added
SINGAPORE (Feb 13): Equity markets continued their run over the past week, with the Straits Times Index hitting yet another 52-week high of 3,076.5 points on Feb 7. The STI gained 0.2% over the period of Feb 1 to 7, and is up 6.7% for the year. Over...

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Latest News

Midas posts 76% rise in FY16 earnings to $20.5 mil, thanks to contributions from new division
SINGAPORE (Feb 28): Midas Holdings announced a 76.3% increase in FY16 earnings of RMB100.8 million...
Soup Restaurant’s FY16 earnings rise 3.2% to nearly $1 mil
SINGAPORE (Feb 28): Soup Restaurant Group reported a 3.2% rise in FY16 earnings of $998,000 on...
Thakral reports 93% fall in FY16 earnings to $0.4 mil in FY16
SINGAPORE (Feb 28): Thakral Corporation reported a 93% fall in FY16 earnings to $0.4 million...
Yeo Hiap Seng posts 21.4% decline in FY16 earnings to $29 mil
SINGAPORE (Feb 28): Yeo Hiap Seng reported FY16 earnings of $29 million, down 21.4% from FY15 a...

Portfolio

Since 2011, CNMC has steadily increased its gold production yearly to an all-time high of 31,206 ounces of fine gold in 2015
Portfolio returns at 4.7% so far; CNMC Goldmine latest addition
SINGAPORE (Feb 24): The unveiling of Budget 2017 on Feb 20 brought little cheer to Singapore investors. The Straits Times Index declined 10.96 points on Feb 20 and another 2.5 points on Feb 21, closing at 3,094.19 points. Still, the STI is up 0.8%...
This week's portfolio addition Golden Energy and Resources up 3%
SINGAPORE (Feb 20): Golden Energy and Resources (GEAR) is up 1.5 cents or 2.9% to 53.5 cents with 5 million shares traded. This week, the coal miner was added to the Singapore Market Portfolio as we think it will benefit from higher its coal...
Portfolio gains 1.5%, adds Golden Energy and Resources
SINGAPORE (Feb 20): Concerns over bad loans appeared to weigh on the Straits Times Index this past week. The STI surged to a new high on Feb 13, but fell 39 points to close on Feb 14 at 3,072.47 points. It was up just 0.03% in the week to Feb 14....
Old Chang Kee
Portfolio up as markets continue to run, Old Chang Kee added
SINGAPORE (Feb 13): Equity markets continued their run over the past week, with the Straits Times Index hitting yet another 52-week high of 3,076.5 points on Feb 7. The STI gained 0.2% over the period of Feb 1 to 7, and is up 6.7% for the year. Over...
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