Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Tue, 14 Nov 2017, 10:26 AM

 

Singapore Myanmar Investco: Revenue Up 21% YoY

Author:   |    Publish date:


Singapore Myanmar Investco (SMI) reported its 1H18 results yesterday evening. Revenue grew 20.9% to US$11.6m, underpinned by healthy growth in Duty Free & Fashion Retail and Construction Services.

Gross profit increased 52.5% YoY to US$3.1m, supported by an increase in gross profit margin from 21.1% in 1H17 to 26.6%. The group recorded a net loss of US$2.1m from continuing operations, vs. a net loss of US$1.6m in 1H17.

Part of the increase in net loss was due to one-off items in the previous half-year including a US$300k write-back of over-accrual of bonus and a US$137k write-back of over-accrual of corporate secretarial costs in 1H17.

Pending further details and a change in covering analyst, we maintain BUY but place our S$0.97 fair value estimate (16x FY19F; year ending Mar 2019) under review.

Source: OCBC Research - 14 Nov 2017

Share this
Labels: SingMyanmar

Related Stocks

Chart Stock Name Last Change Volume 
SingMyanmar 0.46 0.00 (0.00%) 21,000 

Market Buzz

Date Type Subject
14-Nov-2017 Price Target Singapore Myanmar Investco: Revenue Up 21% YoY
Source : OCBC, Price Call : BUY, Price Target : 0.97
Last Price : 0.46, Upside/Downside : +0.51(110.87%)

  Be the first to like this.
 


 

107  159  205  609 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Noble 0.210.00 
 LionGold 0.0010.00 
 Sunlight 0.03+0.003 
 CSC 0.035+0.001 
 Jiutian Chemical 0.0850.00 
 LifeBrandz 0.0040.00 
 Hoe Leong^ 0.034+0.016 
 Compact Metal^ 0.054-0.005 
 Allied Tech^ 0.0760.00 
 Rowsley 0.1290.00 
Partners & Brokers