Image result for buy sell

PHILLIP SECURITIES  CIMB

Centurion Corporation

Limited Lease Extension For Westlite Tuas

SINGAPORE | REAL ESTATE | UPDATE

What is in the news?

Centurion Corporation Limited has been offered by the Ministry of National Development to extend the lease of Westlite Tuas for 9 months from 29 April 2017, being the expiration date of the existing lease. How do we view this? The 9 months short term extension will expire on 29 January 2018 with no certainty of a renewal. We estimate the Westlite Tuas generates a quarterly gross revenue of c.SGD6mn per quarter so we have revised our FY17F revenue from SGD113mn to SGD131mn to reflect the additional three quarters of contribution by Westlite Tuas.

 

Read More ... 

Del Monte Pacific

3QFY17: DMFI continues to disappoint

■ 9MFY17 reported net profit was below expectations at 59% of our FY4/17 forecast due to sales decline in the US and higher-than-expected interest expense.

■ Gross margin contracted to 14.7% in 3QFY17 due to lower pricing in non-retail channels. DMFI incurred net loss of US$14.6m in 3QFY17 (3Q16: US$17.3m profit).

■ However, DMPL continued to gain strength with 3QFY17 net profit of US$21.2m, an 81% yoy gain.

■ Preference share issuance has been postponed again. We estimate the earliest that the issuance will take place is 2QCY17.

■ Maintain Hold with lower target price of S$0.35

 

Read More ...

 

LionelLim8.16Check out our compilation of Target Prices




Share Prices

Counter NameLastChange
AEM2.1000.020
$ Alliance Mineral0.3550.025
AusGroup0.051-
Best World2.480-
China Everbright0.4650.005
China Sunsine0.6750.055
Chip Eng Seng0.7350.005
CWG Intl^0.1710.002
Cordlife1.0650.010
Dutech0.480-
Food Empire0.5850.005
Geo Energy Res0.3500.020
Golden Energy0.520-
$ GSS Energy0.1800.010
Heeton0.370-
Hiap Hoe0.7100.010
Hi-P0.6350.010
$ ISOTeam0.3950.005
King Wan0.165-
Lian Beng0.530-
Nordic0.330-
Oxley0.5550.005
$ Rex Intl0.0650.002
$ Resources Prima0.0280.002
Riverstone0.865-
Roxy-Pacific0.5150.005
Sunningdale Tech1.6800.050
Serial System^0.1810.001
Sino Grandness0.2450.005
Straco0.765-
Sunpower0.8050.005
Tiong Seng0.2550.005
$ Trendlines0.1490.002
Uni-Asia1.1850.085
ValueMax0.260-
XMH0.280-
Yamada Green Res0.4750.005
YZJ Shipbldg SGD1.1300.010
Powered by JoomlaGadgets

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 325 guests and no members online