Stocks In Focus SG (City Developments, First Resources, SingTel) – 13/11/14
SGX:EB5, SGX:C09, SGX:TQ5, SGX:S61, SGX:Z74
City Developments saw a 58.3 percent gain in revenue to $1.3 billion for the third quarter ended 30 September, boosted mainly by the completion of the 602-unit executive condominium, Blossom Residences. However, an expansion in overall operating expenses led by a 19.8 percent hike in other operating expenses, caused the group to recognise lower net profit growth. Subsequently, net profit was up 4.7 percent to $127.2 million. For the nine months, revenue soared 20.3 percent to $2.9 billion while net profit was down 17.1 percent to $384.7 million, led by a 92.6 percent decline in other operating income.
First Resources posted a 2.8 percent decline in revenue to US$148.8 million for the third quarter ended 30 September, underpinned by lower average selling prices. Further impacted by a 12.3 percent expansion in cost of sales, net profit dropped 16.1 percent to US$43.1 million. For the nine months, revenue slid 1.9 percent to US$438.9 million while earnings fell 25.2 percent to $114.2 million.
Frasers Centrepoint registered a 33.2 percent growth in revenue to $2.7 billion for the year ended 30 September, contributed by overseas development property sales in Australia, China and the United Kingdom. However, the incurrence of a $119.8 million in exceptional items which mainly stemmed from an $88.1 million in transaction costs on acquisition of subsidiaries, dragged net profit down by 30.7 percent to $500.7 million. The group has declared a final dividend per share of $0.062.
SBS Transit saw a 13.6 percent rise in revenue to $248.6 million for the third quarter ended 30 September, in tandem with growth in both its bus and rail segments. Despite a 12.8 percent rise in total operating expenses, net profit pranced up 62.2 percent to $5.7 million. For the nine months, revenue posted gains of 11.6 percent to $706.5 million, accompanied with a 47.1 percent acceleration in net profit to $14 million.
Singapore Telecommunications’ revenue advanced 3.5 percent to $4.3 billion for the second quarter ended 30 September, driven by growth in its consumer and enterprise core businesses. Helped further by a 22.2 percent increase in contributions from the company’s associates and joint ventures, net profit jumped 19.3 percent to $1 billion. For the six months, revenue and net profit came in flat at $8.5 billion and $1.9 billion respectively.
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SGX:EB5, SGX:C09, SGX:TQ5, SGX:S61, SGX:Z74
City Developments saw a 58.3 percent gain in revenue to $1.3 billion for the third quarter ended 30 September, boosted mainly by the completion of the 602-unit executive condominium, Blossom Residences. However, an expansion in overall operating expenses led by a 19.8 percent hike in other operating expenses, caused the group to recognise lower net profit growth. Subsequently, net profit was up 4.7 percent to $127.2 million. For the nine months, revenue soared 20.3 percent to $2.9 billion while net profit was down 17.1 percent to $384.7 million, led by a 92.6 percent decline in other operating income.
First Resources posted a 2.8 percent decline in revenue to US$148.8 million for the third quarter ended 30 September, underpinned by lower average selling prices. Further impacted by a 12.3 percent expansion in cost of sales, net profit dropped 16.1 percent to US$43.1 million. For the nine months, revenue slid 1.9 percent to US$438.9 million while earnings fell 25.2 percent to $114.2 million.
Frasers Centrepoint registered a 33.2 percent growth in revenue to $2.7 billion for the year ended 30 September, contributed by overseas development property sales in Australia, China and the United Kingdom. However, the incurrence of a $119.8 million in exceptional items which mainly stemmed from an $88.1 million in transaction costs on acquisition of subsidiaries, dragged net profit down by 30.7 percent to $500.7 million. The group has declared a final dividend per share of $0.062.
SBS Transit saw a 13.6 percent rise in revenue to $248.6 million for the third quarter ended 30 September, in tandem with growth in both its bus and rail segments. Despite a 12.8 percent rise in total operating expenses, net profit pranced up 62.2 percent to $5.7 million. For the nine months, revenue posted gains of 11.6 percent to $706.5 million, accompanied with a 47.1 percent acceleration in net profit to $14 million.
Singapore Telecommunications’ revenue advanced 3.5 percent to $4.3 billion for the second quarter ended 30 September, driven by growth in its consumer and enterprise core businesses. Helped further by a 22.2 percent increase in contributions from the company’s associates and joint ventures, net profit jumped 19.3 percent to $1 billion. For the six months, revenue and net profit came in flat at $8.5 billion and $1.9 billion respectively.
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