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Posts Tagged ‘YOY’

SGX securities and derivatives volumes increased y-o-y

Singapore Exchange (SGX) says its securities and derivatives volumes have increased in November compared to a year ago, as Singapore and regional economies rebounded.

Securities Market

  • Total market turnover at $40 billion for November, up 46% year-on-year, with an SDAV of $2 billion.
  • Total turnover on GlobalQuote including American Depository Receipts rose to $819 million, up 19% from October and a significant increase from last year.

Derivatives and Commodities Markets

  • The derivatives market volume increased 22% from last year to 5.4 million contracts. It traded an average daily volume of 264,929, up 18% year-on-year.
  • The FTSE Xinhua ChinaA50 Index futures set its third straight record-high monthly volume with 203,351 contracts traded (US$4 billion notional) and open interest of 20,995 contracts (US$0.4 billion notional).
  • AsiaClear open interest rose 20% year-on-year to 20,760. In particular, open interest for OTC energy swaps went up 83%.
  • SICOM volume continues to grow, at 192% year-on-year.

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DBS 3Q net profit likely +14.9% y-o-y at $647m: UOB

UOB KayHian tips DBS (D05.SG) 3Q net profit of $647 million, +14.9% on-year but weaker sequentially after “phenomenal” 2Q net profit of $718 million excluding HK impairment; says DBS preferred Singapore bank pick due to attractive valuation, efforts to increase Singapore loan/deposit ratio.

Says loan growth moderated to low- to mid-single digit in 3Q after +11.8% in 1H10. “We expect DBS to continue gaining market share in Singapore. The strengthening of the Singapore dollar…has, however, restrained loan growth from overseas operations.” 

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Singapore’s Q3 GDP to grow 11.6% y-o-y

Singapore’s economy is expected to grow 11.6% in the third quarter from a year earlier, slowing from an 18.8% rise in the second quarter, a central bank survey showed.

The economy will grow 14.9% in 2010, according the median forecast of 20 economists in a central bank survey, at the upper end of an official forecast of 13-15% expansion this year.

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City Developments posts 2Q net profit of $164.6m, up 18% y-o-y

City Developments (CDL) says it posted a 17.6% y-o-y rise in net profit to $164.6 million ($17.9 million) for the second quarter ending June 30 (2QFY2010). Revenue rose 19.6% y-o-y to $941.7 million. For the half year ending June 30 (1HFY2010), net profit was up 36.2% y-o-y to $304 million while revenue was up 20.0% to $1.7 billion.

Residential
City Developments says the group’s residential property development segment remained the main contributor to profit, accounting for more than 50% of the group’s profit before tax for both Q2 and 1H 2010.

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First Ship Lease Trust to distribute US0.95¢ per unit for 2QFY10, 61% lower y-o-y

First Ship Lease Trust says it will distribute US$5.7 million ($7.8 million) or US0.95¢ per unit to its unitholders second quarter ended 30 June 2010 (2Q FY10).

The 2Q FY10 DPU of US0.95¢ represents an annualised tax-exempt yield of 12.4% and will be paid on 26 August 2010 to all unitholders on record as of 3 August 2010.

The 2Q FY10 DPU of US0.95¢ is 61% lower than the DPU of US2.45¢ in 2QFY09 and is 37% lower than the guidance of US1.50¢ provided by FSL Trust Management in April.

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Keppel Corp 2Q net profit likely +8% y-o-y: Poll

Singapore rig builder Keppel Corp. (BN4.SG) 2Q net profit likely +8% on-year at $343 million vs $318 million year earlier due to realized revenue from previously placed contracts, higher contributions from Keppel Land, according to Dow Jones poll of five analysts.

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M1 rated hold by AmFraser

AmFraser in a July 16 research report say: “Total mobile subscribers grew a healthy 11% yoy to 1.85 million.  However, mobile service revenues grew a modest 2% yoy to $288.1 million in 1HFY10 as ARPUs declined in 2Q.

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Tiger Air saw 5.3m passengers from July 09 to June 10, a rise of 52% y-o-y

Tiger Airways Holdings says from July 2009 to June 2010, 5.3 million passengers chose to fly with the budget carrier, an increase of 52% over the 3.5 million passengers in the preceding 12 months.

Load factor for the 12-month period to June 2010 was at 85%, an increase of 5 percentage points year-on-year.

The number of passengers in June 2010 grew 39% over last year to 508,000. Load factor for the month was 86%.

Tiger Airways will release its financial results for the first quarter of the current financial year (quarter ended 30 June 2010) after close of market on Aug 5.

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NOL says container shipping volume rose 34% y-o-y in Period 4

Container shipper Neptune Orient Lines says for the four weeks of P4 2010 from 3 April to 30 April, container shipping volumes increased 34% to 212,000 FEU (Forty-foot Equivalent Unit) over the same period last year mainly due to higher volumes carried from the Intra-Asia and Transpacific trade lanes.

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Petra Foods rated outperform

CIMB in a May 13 research report says: “1Q10 net profit of US$8.3m (+92% yoy) forms 25% of our FY10 estimate and 30% of consensus.

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SGX’s total trading value in March up 48% y-o-y to $30.4b

The Singapore Exchange reported that total securities trading value in March was up 48% year-on-year to $30.4 billion, reflecting the return of investors’ confidence and interests.

Securities trading value on Catalist was $378 million, nine times higher year-on-year, the SGX said in its monthly statistical report.

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NOL’s cargo up 37% y-o-y in 4 weeks to March 5

Singapore’s Neptune Orient Lines (NEPS.SI) (NOL), the world’s fifth-biggest container shipping firm, said today it carried 37% more containers in the four weeks to March 5 from a year ago.

NOL said in a statement it carried the equivalent of 189,100 40-foot containers (FEUs) on its ships in the period, up from 137,800 a year earlier.  

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January retail sales up 2.3% y-o-y

January retail sales made the first year-on-year rise since September 2008, when the index rose 7.2%.

Sales of watches & jewellery, computers & telecoms devices and motor vehicles rose, while sales of food and beverages fell.

On a month-on-month seasonally adjusted basis, sales in most categories rose, except telecommunications devices, computers and medical goods.

The government expects growth this year of between 4.5–6.5%.

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Tiger Airways says Feb passengers up 90% y-o-y to 437,000

Tiger Airways Holdings says it saw continued strong growth across both its Singapore and Australia operations in February 2010.

A total of 437,000 passengers flew with Tiger Airways in February 2010, a 90% increase over February 2009. Passenger numbers benefited from the addition of double daily services between Hong Kong and Singapore and strong demand during the Lunar New Year period, the Chinese “Year of the Tiger”.

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Singapore visitor arrivals up 17.6% y-o-y in Jan

Visitor arrivals in Singapore rose 17.6% in January from a year earlier  to reach 908,000, the Singapore Tourism Board (STB) said on Friday. 
 
Average hotel room rates in January fell 9.5% from a year earlier to S$187 ($133) although occupancy rose 13.9 percentage points from a year ago to 80.4%, the STB said in a statement. 

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Jan CPI gains 0.2% y-o-y vs 0.7% expected

Singapore’s January CPI edged up 0.2% on-year, weaker than economist expectations of +0.7% but above flat December reading.

CPI +0.4% on-month in adjusted terms, also weaker than +0.7% poll expectations. Muted increase mostly reflects weaker housing component; housing component of price basket has also been increased to 25% from 22% as part of rebasing of index, which takes place every five years.

However, CPI has risen for first time in 10 months which suggests that while economic recovery continues in Singapore and the region, inflation is not yet seen as a pressing problem for policymakers.

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Tiger Airways says it sold 428,000 seats in Jan, up 53% y-o-y

Tiger Airways Holdings says it sold a total of 428,000 seats In January 2010 across its network of services in Asia and Australia, up 53% from 279,000 passengers in January 2009.

For the twelve months ending 31 January 2010, sales totalled 4.5 million seats, up 42.9% from the 3.1 million passengers for the preceding twelve months.

For the month of January 2010, 86% of total seats available across the Tiger Airways network were sold, compared with 74% in January 2009.

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Singapore’s 2009 tourist arrival down 4.3% y-o-y

The number of visitors to Singapore fell by 4.3% last year to 9.7 million, driving the revenue from the sector down 19.2% to $12.4 billion, the country’s tourism promotion agency said today.

Singapore Tourism Board CEO Aw Kah Peng told a news conference the agency would disclose its forecast for tourist arrival and revenues for 2010 next month.

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SingTel’s 3Q net profit likely to rise 20.3% y-o-y, says poll

Singapore Telecommunications (Z74.SG) is likely to report 20.3% y-o-y rise in fiscal 3Q net profit on the back of weak comparison base and more favourable foreign exchange rates.

Average forecast from Dow Jones poll of six analysts tips SingTel 3Q net profit at $961.2 million vs $798.9 million year ago, while operating revenue seen up 17.3% at $4.34 billion vs year ago.

Possible Optus IPO and competitive pressure in Australia, India and Indonesia remain closely watched topics for SingTel.

Its results are due before trading hours for Singapore, Australia next Tuesday, on Feb 9.

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Raffles Education posts net profit of $7.5m for 2Q, down 73% y-o-y

Raffles Education Corporation today reported a net profit of $7.5 million for Q2FY2010 on the back of a 13% decline in turnover. Revenue was $47.2 million for the second quarter ended December 31, 2009 (Q2FY2010) compared with $54.2 million in the second quarter ended December 31, 2009 (Q2FY2009).

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