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Author: traderhub8   |   Latest post: Thu, 12 Sep 2019, 9:30 AM


Phillip Capital Morning Note - 15 Aug 2019

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RESORT operator Banyan Tree Holdings sank further into the red on Wednesday, posting losses of S$7.9 million for the second quarter, versus S$5.4 million a year ago. This came as revenue slid 24 per cent to S$51.8 million, dragged by a sluggish hotel business and fewer property sales recognised.

FOR the second quarter ended June 30, Asian Pay Television Trust (APTT) has declared an ordinary interim distribution per unit (DPU) of 0.3 Singapore cent, to be paid on Sept 27. In its results announcement on Wednesday, the business trust reaffirmed its distribution guidance for DPU of 1.2 cents per year for 2019 and 2020, expected to be paid quarterly at 0.3 cent per quarter.

PLANTATION owner Golden Agri-Resources (GAR) continued to take a hit from soft crude palm oil (CPO) prices in the second quarter, as it posted a net loss of US$64.7 million, against a US$39 million loss a year ago.

MAINBOARD-LISTED Sunpower Group reported underlying net profit of 111 million yuan (S$22 million) for the first-half ended June 30, up 53.2 per cent from the year-ago period, the environmental solutions firm announced on Wednesday night.

CATALIST-LISTED Y Ventures narrowed its loss attributable to equity holders to US$524,000 for the first-half ended June 30, compared with a loss of US$1.16 million in the year-ago period, the e-commerce and data analytics firm announced on Wednesday night. Revenue rose 42.9 per cent to US$13.1 million, up from US$9.15 million in the year-ago period, due mainly to an increase in sales on online marketplaces.

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

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