DBS Vickers Securities in a Nov 30 research report says: “While revenue was up 24% q-o-q to $25.6 million in 4Q-FY10 on the back of new business lines, Asiatravel.com recorded a net loss of $0.8 million and FY2010 net profit came in 71% lower y-o-y at $1.6 million, much below our estimates.
Posts Tagged ‘asiatravelcom’
DBSV Downgrades Asiatravel.com to Hold vs Buy
November 30th, 2010 |
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DBS Vickers downgrades Asiatravel.com (5AM.SG) to Hold from Buy, cuts target $0.40 from $0.63 after group “plunged” into red in 4Q.
Notes, higher operating expenses incurred to start up new products contributed to the poor performance, while low utilization of shuttle bus fleet, increased promotional activities added to the cost burden.
Asiatravel.com falls on poor earnings
November 29th, 2010 |
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Shares of online travel reservation site Asiatravel.com <ATVE.SI> fell as much as 6.7% to a near 5-month low after it reported lower-than-expected full-year net profit, a local trader said.
Asiatravel.com posts 64% fall in full-year net profit to $2.1m
November 26th, 2010 |
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Asiatravel.com Holdings, the pan-Asia online travel and hotel reservation service provider, recorded a 16.7% increase in revenue to $83.9 million for its financial year ended 30 September 2010 (FY2010).
Higher operating expenses due to the group’s business expansion in the year however shaved its net profit down to $2.1 million, a decrease of 63.8%.
Asiatravel.com launches cash reward programme
November 15th, 2010 |
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Asiatravel.com, the pan-Asia online travel and hotel reservation service provider with network of offices in 8 countries, says it has launched the Asiatravel Cash Reward Program today to reward loyal customers and to encourage repeat bookings. Customers booking on behalf of others will also enjoy the cash reward.
Instead of redeeming points for products on the next purchase, Asiatravel.com says its reward programme credits cash directly to the customer.
Asiatravel.com rated ‘buy’ by DMG
November 1st, 2010 |
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DMG & Partners Securities in an Oct 28 research report says: “We are expecting Asiatravel’s FY(Sep)10 earnings to be hit by start-up costs for its new products (Universal Studios Singapore (USS) package tours, B2B online platform) that were launched during the year.
Asiatravel.com target raised to $0.53 by DBS Vickers
August 17th, 2010 |
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DBS Vickers lifts Asiatravel.com (5AM.SG) target price to $0.53 from $0.42 after rolling over valuation to FY11, says Dow Jones.
“We expect FY11 to be a recovery year,” says broker.
DBS Vickers notes online hotel reservation company’s performance this year bogged down by high start-up losses associated with package tours designed for Resorts World Sentosa’s Universal Studios theme park, plus lower bookings due to social unrest in Thailand, reduced room rates in Dubai following supply-demand mismatch.
Still, keeps Hold call on view valuations stretched; “we would only look to re-rate once there is more evidence of sustainable earnings recovery.” Shares flat at $0.46.
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Asiatravel.com cut to Hold by Kim Eng; Target $0.53
August 16th, 2010 |
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Kim Eng Securities cuts Asiatravel.com Holdings (5AM.SG) to Hold from Buy, new target price lowered to $0.53 from $0.62, after online ticketing company reports 56% fall in 3Q net profit, missing expectations, on higher start-up costs, says Dow Jones.
Kim Eng points to slower revenue recovery in 3Q from key markets such as Thailand, Dubai.
Asiatravel.com Holdings rated ‘buy’ by DMG
August 4th, 2010 |
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DMG & Partners Securities in an Aug 3 research report says: “Asiatravel has been appointed the official partner to operate the coach service, Sentosa Rider, that provides an integrated travel experience to visitors to Sentosa.
Asiatravel.com raised to Buy by DMG, cuts target
June 9th, 2010 |
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DMG has upgraded Asiatravel.com (5AM.SG) to Buy from Neutral on view valuation attractive with stock trading at 14.7x P/E, 35% below peers, says Dow Jones.
Asiatravel.com downgraded to Hold by DBS Vickers
May 26th, 2010 |
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DBS Vickers has downgraded Asiatravel.com (5AM.SG) to Hold from Buy, cutting its target price to $0.42 from $0.82 after lowering earnings forecasts for FY10 by 23%, for FY11 by 16%, according to Dow Jones.
Asiatravel.com Holdings posts net profit of $1.1m in 2Q
May 14th, 2010 |
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Asiatravel.com Holdings, the pan-Asian online travel and hotel reservation service provider, posted a net profit of $1.1 million for its 2QFY2010 ended 31 March 2010.
Lower room rates and lower visitor arrivals in key destinations Thailand and Dubai caused a 5.9% dip in 2QFY2010 revenue to $17.4 million, and subsequently resulted in the drop of 40.9% in net profit from $1.8 million in 2QFY2009.
Asiatravel.com target lowered to 61 cents by DMG
April 9th, 2010 |
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DMG has cut Asiatravel.com (5AM.SG) target price to 61 cents from 78 cents, based on discounted cashflow valuation, to reflect lower revenue growth following indefinite closure of Universal Studio Singapore’s major attraction, says Dow Jones.
Asiatravel.com posts 22% fall in 1Q net profit to $1m
February 10th, 2010 |
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Asiatravel.com Holdings, the pan-Asia online travel and hotel reservation service provider, posted a net profit of $1 million for its 1QFY2010 ended 31 December 2009, a drop of 21.8% on-year. Revenue fell 6.5% to $18.9 million from $20.2 million.
Asiatravel.com says although the economic recovery is moderating the decline in average hotel room rates in 1QFY2010 compared to the rates in the last two quarters of FY2009, the average room rates are still about 15% below those of 1Q FY2009.
Asiatravel.com Holdings downgraded to neutral
January 26th, 2010 |
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DMG & Partners Securities in a Jan 25 research report says: “Asiatravel is a fully online travel provider (every process is carried out online – from reservations to confirmations to payment for hotels and flights) with a network of offices in key travel destinations. Its proprietary software offers customers instant confirmation on their reservations.
Asiatravel.com enters into agreement to promote and service Resorts World Sentosa
January 15th, 2010 |
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Asiatravel.com Holdings says it has entered into an agreement with Resorts World Sentosa to provide accommodation, transportation and sales support for visitors to RWS and its Universal Studios theme park when it starts operations.
Together with Resorts World Sentosa, and its hotel and airline partners, Asiatravel.com is putting together affordable packages comprising Universal Studio ticket, hotel accommodation, and air and land transportation, to attract a wide range of visitors to the resort.
Asiatravel.com Holdings rated buy
December 2nd, 2009 |
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Kim Eng Research in a Nov 26 research report says: “AST’s net profit sustained at $5.5 million in FY2009 despite the slump in the tourism industry. Earnings were above our expectations, led by lower tax rates and resilient demand for its online travel services. The group proposed a final dividend of 1 cent per share.
Asiatravel.com posts net profit of $5.5m for full year
November 26th, 2009 |
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Asiatravel.com Holdings, the regional online travel and hotel reservation service provider, posted a net profit attributable to shareholders of $5.5 million for its FY2009 results ended Sept 30, 2009, an improvement of 0.7% over that in FY2008.
Revenue for the full year rose 4.3% to $89.4 million from $85.7 million.