Despite the sequential declines, selling is light with only 116,000 shares traded, as the results were largely within expectations.
CIMB in a Nov 26 research report says: “4Q10 net profit of US$15.7 million (+69% y-o-y) was below our expectations, forming 12% of our FY2010 estimate and consensus. FY2010 net profit of US$116.5 million (+24% y-o-y) represents 87% of our FY2010 estimate and consensus.
SunVic Chemical (A7S.SG) +2.4% at $0.64, recouping part of 7.4% fall since release of 3Q10 results Nov. 10. While net profit at RMB193.3 million ($37.7 million) vs RMB6.1 million loss year earlier, RMB103.5 million profit in 2Q10 due to increased sales, investors have since opted to sell on strength given 82.4% rally after 2Q10 results came out Aug 12.
CIMB Research in a Nov 15 research report says: “1Q11 net profit of $1.3 million (-78% y-o-y) came in below our estimate and consensus, forming 8% of our FY2011 forecast. Weaker-than-expected turnover and margins were to be blamed for the underperformance.
CIMB Research in a Nov 12 research report says: “3Q10 core net profit of $1.2 million (-36.8% y-o-y) exceeds our expectation, forming 42% of our FY2010 forecast. Reported 3Q10 net profit of $2.4 million (3Q09: $1.8 million) included forex gain of $1.2 million (3Q09: forex loss of $0.1 million).
Mainboard-listed Fabchem China has posted an 18.7% fall in net profit to RMB8.8 million ($1.7 million) for the second quarter of the financial year ending 31 March 2011(2Q2011). Fabchem is one of the leading manufacturers of initiation systems and detonating cords producers in China.
Mainboard-listed Sarin Technologies, the manufacturer of instruments for evaluating of diamonds and gems, says revenue and net profit rose 34% and 95% to US$8.4 million and US$0.8 million respectively for the three months ended 30 September 2010 (3QFY2010) compared to the corresponding period last year (3QFY2009).
SGX-listed Oceanus Group, the world’s largest land-based abalone producer, posted a net profit to RMB217.5 million ($41.9 million) in the nine months ended 30 September 2010 (9M2010), lower than the RMB 280.2 million posted in 9M2009.
CIMB in an Oct 25 research report says: “FY2010 core net profit of US$69 million (-14% y-o-y) met our expectations and consensus. 4Q10 core net profit of US$17 million (-42% y-o-y), forms about 25% of our full-year estimate.
SIAS Research in a Sep 1 research report says: “FY 2010 revenue and net profit were 91.5% and 121% of our prior FY10F estimates respectively. Revenue for the financial year grew 17.9% YoY whilst net income soared 149% over the same period.
CIMB in an Aug 26 research report says: “4Q10 core net profit of $2.0 million (-84% y-o-y) was above our estimate but below consensus, with FY2010 core net profit of $7.7 million (-82% y-o-y) forming 120% of our forecast.
OCBC Investment Research in an Aug 19 research report says: “ASL reported a 2.8% y-o-y rise in revenue to $105.1 million and a 4.1% drop in net profit to $7.2 million in 4Q10, such that FY2010 revenue ($468.4 million) and net profit ($37.3 million) met 99.5% and 96.3% of our full year estimates, respectively.
CIMBÂ in an Aug 12 research report says: “2Q10 net profit of US$9.6 million (+58% y-o-y) was above our expectation at 29% of our FY2010 estimate and consensus. 1H10 net profit of US$17.9 million represents 54% of our FY2010 forecast and consensus.
CIMB in an Aug 10 research report says: “2Q10 core net profit of $119 million forms 37% of our FY2010 estimate and 34% of consensus. 1H10 core net profit of $203 million accounts for 63% of our full-year number.
SPH has posted a 29.9% rise in 3Q net profit to $164.6 million from $126.7 million for the 3Q ending May 31, 2010. Operating revenue was up 26.9% to $415 million from $327 million. Revenue from Newspaper and Magazine was up 19.8% to $265.9 million, while revenue from Property was up 43.4% to $135.3 million.
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Azeus Systems Holdings, the provider of IT consultancy services based in Hong Kong, today reported a rebound in net profit to HK$10.4 million ($1.9 million) on the back of a 22% increase in revenue to HK$93.5 million for the full year ended March 31, 2010 (FY2010).
Mainboard-listed Informatics Education, the education and training service provider in Asia, says net profit fell 9% to $4 million for the financial year ended 31 March 2010 (FY2010) from $4.4 million last year (FY2009).
The group also recorded a 10% fall in revenue of $39.2 million compared to $43.6 million the previous year led by the continuing consolidation and streamlining in operations.
UOL Group posted a 74% fall in first quarter net profit to $87.9 million from $331.8 million in Q109.
This was largely due to the $277.7 million arising from negative goodwill on acquisition of interests in an associated company in Q1 last year, and the absence of such gains in the quarter ended March 31, 2010.
