Shares of Singapore Press Holdings rose as much as 2.2% after saying first-quarter net income climbed 98% from a year ago to $144.7 million.
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Posts Tagged ‘earnings’
Singapore’s DBS says H1 looks promising for earnings
January 13th, 2010 |
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DBS Group (DBSM.SI), Southeast Asia’s biggest lender, said on Wednesday the first half of this year looks positive for its earnings.
“Overall it looks very promising for the first half,” Chairman Koh Boon Hwee told reporters in Singapore, referring to both earnings and the economy.
He said there could be changes in the regulatory environment in the second half of this year, but the bank is reasonably optimistic.
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Hong Leong Asia rises to near 2-year high on earnings outlook
January 11th, 2010 |
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Hong Leong Asia rose to its highest level in almost two years on speculation earnings will continue to grow this year as its business in China benefits from government stimulus measures. The stock advanced 9.7% to $3.16 as of 10:56 a.m., set for its highest closing level since Jan 18, 2008.
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Earnings upgrades for Singapore stocks to continue in 2010, says Credit Suisse
January 5th, 2010 |
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The Singapore market should continue to be propelled by consensus earnings upgrades in 2010, says Credit Suisse.
“Notwithstanding the nine consecutive months of consensus earnings upgrades in 2009, we expect this trend to continue into 2010 on a more positive outlook on top-line growth and margin,” says the Swiss investment bank.
Credit Suisse also says opening of new integrated resorts should boost tourist traffic, help transport plays, although it believes expectations for potential gaming revenues could be too high.
Earnings upgrades for Singapore stocks to continue in 2010, says Credit Suisse
January 5th, 2010 |
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The Singapore market should continue to be propelled by consensus earnings upgrades in 2010, says Credit Suisse.
“Notwithstanding the nine consecutive months of consensus earnings upgrades in 2009, we expect this trend to continue into 2010 on a more positive outlook on top-line growth and margin,” says the Swiss investment bank.
Credit Suisse also says opening of new integrated resorts should boost tourist traffic, help transport plays, although it believes expectations for potential gaming revenues could be too high.
Genting earnings rebound on UK casino cost-cutting
November 25th, 2009 |
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Genting Bhd., Asia’s biggest publicly traded casino operator by market value, returned to profit in the third quarter after cutting costs at its UK casinos and on higher earnings from its Malaysian gambling resort.
The Kuala Lumpur-listed company posted net income of 371.2 million ringgit ($45 million) after losing 40.4 million ringgit in the same period a year earlier. Revenue increased to 2.4 billion ringgit from 2.37 billion ringgit a year earlier, the company said in a statement today.
Microsoft Sees Stronger Earnings than Expected, Believes in Tech Refresh
October 23rd, 2009 |
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Microsoft announces another quarter of revenue declines, but results were still stronger than expected, thanks to what Microsoft executives referred to as cost discipline and a streamlining of business divisions. With the release of Windows 7 on Oct. 22, consumers and businesses may be in the mood to buy new PCs and Microsoft products.
– Microsoft
reported another quarter of declining revenue for the first quarter of fiscal
2010. Nonetheless, Wall Street analysts and Microsoft executives both seemed
satisfied with the results, which were stronger than earlier estimates. The Oct.
23 announcement came a day after Microsoft launche…
Apple’s Strong Earnings May Not Stop Microsoft Market Increase
October 20th, 2009 |
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Apple reported strong earnings for the last fiscal quarter on Oct. 19, including sales of over 3.05 million Macs. But while Apple dominates many markets, including digital media and smartphones, and has grown its PC market-share through increased sales of Macs, it may not be able to prevent a slowdown or even erosion in market-share once Windows 7 is released on Oct. 22.
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Apple posted strong numbers during its earnings call on Oct. 19, representing welcome
news for an industry otherwise beaten down by a long-running economic recession.
Despite Apples tradition of conservative reporting, which
led it to post summer estimates of $8.7 to $8.9 billion for the fou…
Apple iPhone 3GS, ‘Snow Leopard’ Sales Should Boost Quarterly Earnings
October 18th, 2009 |
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Apple could give an upbeat quarterly report on Oct. 19, riding on strong sales of the iPhone 3GS and operating system code-named Snow Leopard. However, Apple faces a potentially strong challenge during the upcoming holiday season from Microsoft and Windows 7, its operating system due for general release on Oct. 22. Apple executives will likely not mention a long-rumored tablet PC during its earnings call.
– Apple may offer a rosy outlook during its Oct. 19 quarterly earnings call, buoyed by strong iPhone 3Gs and quot;Snow Leopard quot; sales, as well as potential products in the pipeline such as a tablet PC.
According to The Wall Street Journal, quoting an analyst survey by Thomson Reuters, Apple is…
Hyflux rises on earnings; CIMB, OCBC raise price estimates
August 7th, 2009 |
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Shares of Hyflux, the largest water treatment company traded in Singapore, rose after posting higher earnings and CIMB Investment Bank Bhd. and Oversea- Chinese Banking Corp. raised their price estimates.
The stock climbed 6% to $2.65 at the 12:30 p.m. break in Singapore, the highest since Sept 11.
Microsoft Earnings Fall Sharply Ahead of Windows 7 Launch
July 23rd, 2009 |
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Microsoft felt the effects of the global recession, including declines in the PC and server markets, as its earnings declined 17 percent from the same quarter in 2008. Although Microsoft came in below Wall Street Estimates with $13.10 billion in quarterly revenue, it can look forward to a possible earnings bump later in 2009 with the release of Windows 7 and Windows Server 2008.
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Microsoft took a hit to it earnings during its fourth financial quarter of 2009,
reporting a 17 percent decline in year-over-year revenue. Overall, Microsoft earned $13.10 billion for the quarter,
coming in more than $1 billion below Wall Street estimates.
Although Microsoft hit several tech…
Is Yahoo Home Page Refresh Timed to Temper Tepid Earnings?
July 21st, 2009 |
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Yahoo this afternoon will let users opt-in to try a beta test of its new home page, which integrates Twitter, Facebook, MySpace and 60-plus other Web services and content sites. This application development plan is geared to get users coming to Yahoo and staying there, with Yahoo serving users contextually targeted ads to reverse its flagging fortunes. Yahoo’s opt-in seems timed for the company’s second quarter earnings call, for which analysts do not have high hopes.
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Yahoo July 21 will begin to invite its millions of users to test its new home page, a lively
rethinking of one of the most popular Web destinations that lets users
integrate their Twitter, Facebook and other popular Web feeds.
Yahoo, which will duplicate the new home page for mobile…
Matt Taibbi On Goldman Sachs’ Profits
July 16th, 2009 |
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So what’s wrong with Goldman posting $3.44 billion in second-quarter profits, what’s wrong with the company so far earmarking $11.4 billion in compensation for its employees? What’s wrong is that this is not free-market earnings but an almost …
Mike Lux: Congrats, Goldman, On That Enormous Profit, Now When Do The Rest Of Us Get Something?
July 14th, 2009 |
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If you’ve seen the news today, you know Goldman Sachs exceeded its second quarter expectations for earnings, making $3.44 billion after dividends. As I wrote…
Analysts Look to YouTube to Buoy Google Q2 Earnings
July 14th, 2009 |
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Several analysts issue their expectations for Google’s second quarter earnings results, with Thomson Reuters analysts expecting Google to notch $5.06 per share on sales of $4.05 billion. These analysts say YouTube and DoubleClick helped pad Google’s online sales. Google executives will also get questions about Microsoft Bing and the pending Chrome OS.
– Google will report second quarter earnings July 16 after the market closes, with many analysts expecting the search engine giant to post a solid quarter in the face of the lumbering economy.
Google does not provide financial guidance, though analysts from Thomson Reuters said they expect Google to…
Intel to Publish CFO Commentary Prior to Quarterly Earnings Conference Call