The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.2% 3,184.74.
Cerebos Pacific (CER SP): The maker of Brand’s Essence of Chicken health tonic said net income in the three months ended December rose 16% to $42.6 million from a year earlier. The shares lost 1.2% to $4.87.
Cerebos Pacific, the manufacturer of BRAND’s chicken of essence health tonic, announced 13% higher turnover at $210.4 million for the 3rd quarter (3Q2009/10) compared to $186.5 million in the previous corresponding quarter (3Q2009/08). Excluding the exchange gain of $2.4 million, 3rd quarter turnover would have been 12% higher.
Operating profit for 3QFY 2009/10 was 30% higher than the previous corresponding quarter at $28.5 million (FY 2008/09 Operating Profit: $21.9 million). Net Profit was 34% higher at $20.3 million (FY 2008/09 Net Profit: $15.2 million).
Lackana Leelayouthayotin has been appointed CEO, Health Supplement Division wef July 1
Work experience: ED/executive VP/CEO, Thailand & South East Asia, Cerebos Pacific Ltd,; executive VP/CEO, Thailand & Indo China, Cerebos Pacific Ltd
CIMB in a June 1 research report says: “Thailand’s recent political instability is not likely to have a
major impact on Cerebos, while A$ and NZ$ weakness is likely to affect mainly its topline. While our FY2010-2012 EPS estimates are intact, we see earnings upside from its strong performance in 1H10.
Nobuhiro Torii has been appointed non-ED wef May 10
Work experience: Managing executive officer/COO, int’l strategy division, Suntory Holdings Ltd; chief development & strategy officer, Suntory Holdings Ltd
Singapore’s benchmark Straits Times Index (.FTSTI) jumped 2.11% to 2,880.48 points on Monday.
Singapore stocks are expected to gain on Tuesday, along with other Asian markets, relieved by the US$1 trillion package to contain the European sovereign debt crisis.
US stocks racked up their biggest one-day gain on Monday in over a year as an agreement on the emergency rescue package from the EU quelled fears a new credit crisis would derail European economies. Here are some stocks and factors to watch:
Cerebos Pacific, the manufacturer of Brand’s Essence of Chicken and other food and health supplements, announced net profit rose 82% to $22.7 million for the second quarter ending March 31, 2010 (2QFY2009/10) compared to $12.4 million in the previous corresponding quarter. 2Q turnover at $215.9 million was 27% higher than the previous corresponding. Excluding the exchange translation gain of $12.1 million, turnover would have increased by 20%, largely from higher sales in all three core businesses of Health Supplements, Coffee and Sauces. Sales grew across all markets with Thailand, Australia, New Zealand and China leading the way with double digit growth.
Wilmar International (WLIL.SI), the world’s largest palm oil planter, is likely to be in the spotlight on Monday after reporting a better-than-expected 18% rise in its fourth-quarter results.
Benchmark Straits Times Index (.FTSTI) inched 0.06% higher to end at 2,750.86 points last Friday.
CIMB in a Feb 9 research report says: “1Q10 net profit of $36.8 million (+22% y-o-y) was above expectations, forming 41% of our FY2010 estimate and consensus. The outperformance came mainly from stronger-than-forecast sales, and lower tax rates with translation gains only padding operating profits by $1.2 million.
Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.37% to close at 2,693.62 points yesterday. The Dow Industrials closed below 10,000 for the first time since November last night as investors sold bank shares due to heightened concerns about the euzo zone’s sovereign debt troubles. The following stocks may see unusual trading volume today.
SingTel (STEL.SI), Southeast Asia’s biggest telecoms firm, reported an 18% rise in quarterly profit, roughly in line with market expectations and driven by strong growth in regional mobile customers.
Cerebos Pacific, the food and health supplements manufacturer, says it posted a 22% rise in net profit of $36.8 million for 1QFY2009/10 from $30.1 million in the previous corresponding period.
This was achieved on a 24% higher turnover of $258.6 million. Excluding an exchange translation gain of $18.9 million, turnover would have grown by 15%.
CIMB in a Nov 26 research report says: “4Q09 net profit rose 26% y-o-y to $25 million, in line with our estimate of $24.2 million. This brought FY2009 net profit to $82.8 million, matching our FY2009 estimate of $82 million and consensus expectations. Gross margins were firm at 49%, while net margins climbed to 12% from 10%.
CIMB in a Nov 26 research report says: “4Q09 net profit rose 26% y-o-y to $25 million, in line with our estimate of $24.2 million. This brought FY2009 net profit to $82.8 million, matching our FY2009 estimate of $82 million and consensus expectations. Gross margins were firm at 49%, while net margins climbed to 12% from 10%.
The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.5% to 2,792.84.
US stocks rose in light trading volume last night, supported by data that pointed to stabilisation in the labour and market markets. Trading volume was light one day before the Thanksgiving holiday.
Cerebos Pacific today says it posted a 26% rise in 4th quarter FY2008/9 net profit to $25.1 million from $19.8 million in the 4th quarter of last year. Operating profit before interest and tax was 10% above the 4th quarter of last year, mainly from stronger sales in most product categories in most of its major markets.
For the full year FY2008/9, Cerebos achieved a net profit of $82.8 million ($81 million in FY2007/8) on level turnover of $775.2 million. Excluding the translation loss of $59.9 million, the growth in full-year turnover would have been 8%, driven by the growth from all three core businesses of Health Supplements, Coffee and Sauces. Group operating profit was 4% lower than the previous year. Excluding the translation loss of $4 million, Operating Profit would have been on par with last year. Return on shareholders’ funds was a respectable 22.8%.
