Rokko Holdings reported a 44.3% increase in revenue to $42.6 million and a 142% surge in earnings to $4.3 million for the year ended Dec 31, 2010 on pent-up demand for semiconductor equipment. A final dividend of 0.5 cent a share was proposed.
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Property developer Wing Tai Holdings reported a 13% rise in revenue to $197.8 million and a 142% increase in earnings to $53.9 million for the three months ended Dec 31, 2010. The company says it will keep a close watch on the property market and will at appropriate times release more residential units for sale in the current FY.
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Singapore Airlines fell 1.5% to a six-month low of $14.82 after the world’s second-biggest airline by stock market value reported a worse-than-expected drop in third-quarter profit due to charges to pay for antitrust fines.
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Microsoft’s earnings call dominated its week, with news of strong Kinect sales. Microsoft also fought TiVo and a Salesforce.com hire. – Microsofts
week was all about the numbers, courtesy of its Jan. 27 quarterly earnings
call.
For the three
months ended Dec. 31, Microsoft chalked up $19.95 billion in revenue and $6.63
billion in net income. It sold some 8 million Kinect units in the hands-free
controllers first 60 days of rel…
Microsoft could use its Jan. 27 earnings call to highlight Windows 7 and Windows Phone 7 sales, and cloud-services adoption. But its profits could lag behind Apples. – Microsoft is set to announce its latest quarterly earnings
after the market closes Jan. 27.
Analyst estimates
posted by Thomson Reuters suggest the companys overall sales will hit
$19.15 billion, a slight year-over-year uptick, and $5.93 billion in profit.
Should the latter number come to pass…
Guocoland says net earnings dropped 64% to $21.6 million for the second quarter ended December 31, 2010 (FY2010) on the back of a 55% decrease in revenue to $162.8 million. The was led by lower sales contribution from its development projects in China. Meanwhile, share of profit from associates increased by $5.9 million in 2QFY2010, mainly due to higher share of profit from a Singapore associate after the successful sale of a penthouse unit in the quarter.
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SAP announced strong fourth-quarter 2010 revenues and solid predictions for 2011 but is still struggling with the fallout of its Oracle lawsuit. – SAP announced solid quarterly results and financial
forecasts for 2011, even as the company seeks to put a bruising court battle
with Oracle in the rearview mirror.
For the fourth quarter 2010, SAP earned about $5.54 billion in total revenues, with an
after-tax profit of around $597 million. Wh…
Shares of Keppel Corp, the world’s largest oil rig builder, rose as much as 3% on Wednesday after it reported a 17% rise in fourth quarter net profit and an improved dividend.
Phillip Securities says the results were above its expectations; it maintains its Buy call and raises its fair value to $13.40 from $12.52 (on an increased valuation for O&M to 15X vs 13.5X FY11E).
The data-storage provider reported a pair of accounting trifectas: record consolidated revenue, net income and free cash flow for both the quarter and for 2010 in its entirety. – EMC keeps breaking earnings
records quarter after quarter after quarter.
The data-storage, security and cloud-management-software provider on Jan. 25
reported a pair of accounting trifectas: record consolidated revenue, net
income and free cash flow for both the fourth quarter and for 2010 in …
At 9:40 a.m., shares of Keppel Land were 1.8% higher at $4.65 with over 1.3 million shares changing hands.
OCBC, that has a Buy rating, and tweaks fair value to $2.79 from $2.70 on M1’s lower capex guidance, says the results were “almost spot on our expectations.”
At 9:35 a.m., Singapore Exchange was down 0.24% at $8.41 with 272,000 shares changing hands.
SATS (S58.SG) off 0.4% at $2.83, giving back some of yesterday’s 0.7% gain which came amid a weak market on news the company has completed the acquisition of Japan Airlines International’s entire 50.7% stake in in-flight caterer TFK Corp. for $122 million.
Phillip Securities, which has a Buy call and raises its target to $3.48, says the purchase is a proxy to growth at Japan’s Narita and Haneda airports.
Noble (N21.SG) is down 0.5% at $2.06, unmoved by a Brazilian media report that Noble will buy 2 mills from Grupo Cerradinho for around US$941 million ($1.2 billion).
“There isn’t much of a reaction in the market due to a few reasons. The valuation isn’t out, and without that it’s all just an abstract thing. But my view is that the chances of it being earnings accretive are quite high,” says an analyst at a local brokerage.
Oracle reports $8.6 billion in total revenue for the quarter, up 47 percent from a year ago; profits were up 28 percent. – Less than a year after acquiring money-losing Sun Microsystems in an edgy $7.4 billion deal, Oracle appears to have shrugged off any doubts that it has indeed become the highly profitable, complete IT systems juggernaut it set out to be.
The Redwood City, Calif.-based enterprise hardware and so…
Olam International (O32.SG) +0.3% at $3.08 with barely a million shares traded as the company’s latest acquisition in Africa fails to generate much interest in a very lackluster broad market.
Olam is buying tt Timber International — which will give it access to 1.6 million hectares of sustainable forest concession in Congo and Gabon — for EUR29.6 million (around $52 million), on a cash and debt-free basis; the transaction is expected to be completed by mid January.
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.
UPDATED: Former SAP CEO Leo Apotheker, who took over the HP job on Nov. 1, has been sought by Oracle to testify in court for nearly a month in its case against SAP. – While Oracle and SAP were giving their closing statements in their
IP copyright infringement trial across the San Francisco Bay in
Oakland, Calif., new Hewlett-Packard CEO Leo Apotheker — Oracle’s
missing star witness in the case — was participating in a conference
call Nov. 22 detailing HP’s …
