DBS Vickers Securities in a Feb 1 research report says: “2Q net profit jumped 142% to $54m due to progressive billings from Helios Residences and sale of 14 Belle Vue apartments in Q2, bringing take up to c.72% and 7 units at L’VIV. Associates’ income surged to $16.9 million, thanks to billings from Floridian with a further 18 units sold in the quarter (74% sold to date).
Posts Tagged ‘dbs vickers securities’
Tiger Airways Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “Reported net profit of $22.6 million in 3Q-FY11 included $4.7 million non-operational exchange gains and was slightly below our expectations.
Parkway Life Reit rated ‘buy’ by DBS
January 25th, 2011 |
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DBS Vickers Securities in a Jan 24 research report says: “4Q10 DPU of 2.38 cents (+16% y-o-y; 6% q-o-q) was within our expectations. Gross revenue grew 21% y-o-y to $21.5 million, driven largely by additional contributions from a total of 19 nursing homes acquired and higher revenue from Singapore properties.
Longcheer Holdings downgraded to ‘sell’ by DBS
January 21st, 2011 |
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DBS Vickers Securities in a Jan 20 research report says: “Our channel checks indicated that in Nov/Dec, the India handset market was plagued with a severe stock pile in the feature phone segment (Longcheer’s key products) due to: (1) weak sell through during Deepavali; and (2) smartphone’s cannibalisation of the low to mid range feature phones.
Pacific Shipping Trust rated ‘buy’ by DBS
January 21st, 2011 |
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DBS Vickers Securities in a Jan 20 research report says: “Revenue and operating profit in 4Q10 came in 2% q-o-q and 8% y-o-y lower, owing to more off-hire days arising from repairs to the 2 time-chartered vessels.
CSE Global rated ‘buy’ by DBS
January 3rd, 2011 |
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DBS Vickers Securities in a Dec 28 research report says: “CSE has agreed to acquire Australian based ASTIB Group Pty Ltd (‘ASTIB’) for an initial consideration of $46.7 million (comprising cash of A$30 million and 5 million ordinary shares of CSE), valued at 7.35x FY10 June PE and 3.81x P/B.
ConscienceFood Holdings rated ‘buy’ by DBS
December 10th, 2010 |
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DBS Vickers Securities in a Dec 9 research report says: “CSF is a leading manufacturer and seller of instant noodle and snack noodles in North Sumatra. CSF’s immediate growth driver is its expansion into cup noodle production in FY11F.
Olam International rated ‘buy’ by DBS
December 6th, 2010 |
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DBS Vickers Securities in a Dec 3 research report says: “Olam announced its intention to set up a Nigerian port-based (i.e. on Tincan Island, Lagos) sugar refinery with Lababidi Group under a 80:20 JV. The total project would cost c.US$200 million to be developed over 3 years between FY2011 to FY2013.
Keppel Corporation rated ‘buy’ by DBS
December 6th, 2010 |
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DBS Vickers Securities in a Dec 3 research report says: "Keppel Corp has finally inked a contract for 2 newbuild jackup rigs with Asia Offshore Drilling (AOD), a 49% owned affiliate of Mermaid Maritime, worth a total of US$360 million (i.e. US$180 million each).
Asiatravel.com Holdings downgraded to ‘hold’ by DBS
December 2nd, 2010 |
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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.
Keppel Corporation rated ‘buy’ by DBS
November 30th, 2010 |
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DBS Vickers Securities in a Nov 26 research report says: “Keppel Corp has secured an order for a newbuild jackup rig, with options for another two from Standard Drilling Ltd, a subsidiary of Ferncliff TIH AS Group, a Norwegian investment company.
Pacific Andes (Holdings) downgraded to ‘hold’ by DBS
November 28th, 2010 |
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DBS Vickers Securities in a Nov 26 research report says: “FY2010 earnings were below our expectations. Net profit grew by 6% y-o-y to HK$773 million on the back of HK$7.4 billion topline (-2%). The below-expectations results came from a lower-than-expected contribution from its subsidiary China Fishery Group (CFG), in turn arising from negative contribution from its South Pacific operations.
China Minzhong Food Corporation rated ‘buy’ by DBS
November 23rd, 2010 |
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DBS Vickers Securities in a Nov 19 research report says: “Possible implementation of price controls for food items should have minimal impact on China Minzhong (MINZ). Caps on producers’ prices may cause some margin pressure. However, MINZ’s attractive overall gross margins (FY10 c.40% overall, 56% for fresh produce) would help buffer lower ASP.
Noble Group upgraded to ‘buy’ by DBS
November 11th, 2010 |
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DBS Vickers Securities in a Nov 10 research report says: “Noble booked 3Q10 net profit of US$157.2 million (+19% y-o-y), bringing 9M10 earnings to US$358.1 million (-24% y-o-y) – representing 82% of our initial full year forecast, therefore ahead of our expectations.
JES rated ‘buy’ by DBS
November 10th, 2010 |
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DBS Vickers Securities in a Nov 9 research report says: “JES reported net profit of RMB23 million on the back of 21% rise in topline to RMB641 million. Net profit was down 53% q-o-q but improved sequentially from recurring profit of RMB20 million in 2Q10 (excluding US$4 million or RMB27 million one-off gain from contract cancellations last quarter).
Hyflux rated ‘hold’ by DBS
November 9th, 2010 |
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DBS Vickers Securities in a Nov 8 research report says: “Hyflux’s 3Q10 profit after tax and minority interest (PATMI) of $19 million (+5% y-o-y) met consensus ($25 million) if excluding $7.9 million of forex losses but trumped our estimate of $14 million because of an earlier than expected rebound in China industrial projects that were put on hold during last year’s crisis.
CH Offshore rated ‘hold’ by DBS
November 9th, 2010 |
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DBS Vickers Securities in a Nov 4 research report says: “CHO posted revenue of US$14.4 million (-13% y-o-y, -5% q-o-q) as 2 vessels were unable to secure work during the period.
SIA Engineering Co rated ‘buy’ by DBS
November 4th, 2010 |
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DBS Vickers Securities in a Nov 3 research report says: “SIA Engineering’s results for 2QFY11 came in within our expectations as the Group reported net profit of $66.5 million (+9% y-o-y) on revenues of $277 million (+12% y-o-y).
Hi-P International rated ‘buy’ by DBS
November 3rd, 2010 |
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DBS Vickers Securities in a Nov 2 research report says: “Hi-P posted record net quarterly profit of $33 million (+208% y-o-y). This set of results beat our $30 million forecast despite as much as $10 million one-off items and lower than expected sales (+81% y-o-y) of $286 million vs our forecast of $363 million.
Singapore Post rated ‘hold’ by DBS
November 3rd, 2010 |
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DBS Vickers Securities in a Nov 1 research report says: “Net profit of $39.7 million (-2% y-o-y, -2% q-o-q) was in line. We highlight Singpost’s tight cost control, which almost offset the impact of higher terminal dues (about $2-3 million impact in FY2011F) and absence of benefits from job credit scheme ($5 million adverse impact in FY2011F) as the job credit scheme expired in June 2010.