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Author: traderhub8   |   Latest post: Fri, 13 Dec 2019, 8:27 AM

 

Phillip Capital Morning Note - 31 May 2019

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KSH Holdings posted a fall of 74.8 per cent in profit attributable to shareholders to S$7.67 million for the year ended March 31, 2019, down from S$30.4 million the year before, the construction, property development and property management group said on Thursday night. This was despite revenue rising 51.4 per cent to S$200 million from S$132.1 million the year before. Operating expenses rose 62.8 per cent to S$190.2 million, of which construction costs formed the bulk at S$168.1 million, 73.9 per cent higher than the year before.

IHH Healthcare Berhad saw profit attributable to shareholders rise 56 per cent to RM89.5 million (S$29.5 million) for the first quarter ended March 31, up from RM57.2 million in the year-ago period, it announced after market close on Thursday. Revenue for the quarter was RM3.64 billion, up 28 per cent year on year from RM2.86 billion.

Catalist-Listed Indonesian coal miner Resources Prima Group on May 30 responded to queries from Singapore Exchange Securities Trading (SGX-ST) on the termination of a coal-hauling service agreement with its subsidiary Energy Indonesia Resources (EIR), announced on May 15. On May 13, EIR had received a letter of termination from Coalindo Adhi Nusantara (CAN) regarding the coal-hauling service agreement, which had been signed in October 2017 and was to be effective from Nov 1, 2017 for a duration of two years.

Sunpower Group has secured a 77 million yuan (S$15.4 million) contract from a repeat customer, which is expected to have a positive impact on its FY 2019 and 2020 performance, the environmental protection solutions provider said on Thursday after market close. Under the manufacturing and services (M&S) contract with Jiangsu Hailun Petrochemical Co, Sunpower will provide heat exchanger equipment for an upgrading project at Jiangsu Hailun's chemical production facility.

Watch-Listed USP Group saw a net loss attributable to owners of S$21.3 million for the year ended March 31, 2019, compared with a profit of S$47,000 the previous year. This was despite revenue rising 6.1 per cent to S$41 million, and gross profit rising 8.6 per cent to S$13.6 million. If not for one-off impairment and write offs, loss after tax from continuing operations would have been about S$1.4 million, narrowing from the previous year's figure of S$2.6 million, said USP Group.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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KSH 0.44 0.00 (0.00%) 23 
IHH 1.76 0.00 (0.00%)
Resources Prima 0.026 0.00 (0.00%)
Sunpower 0.605 +0.015 (2.54%) 3,914 
USP Group^ 0.087 0.00 (0.00%)

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