Equation Corp Limited

Equation Corp Limited - Results Update

Yeak Chee Keong - Thu, 2 September 2010

FY6/10 revenue of $29.4mil (-22.3% y-o-y) and gross profit of $5.5mil (-21.6% y-o-y) were in line with our forecasts. Actual revenue and gross profit made up 98.3% and 94.3% of our FY6/10 estimates respectively. At the bottomline, net loss of $6.5mil was better than our estimate of a $12.6mil loss.

Eastern Asia Technology Limited

Eastern Asia Technology Limited - The East Wind Came and Went (Update)

Liu Jinshu - Wed, 1 September 2010

Eastech's 2Q10 results were weaker than expected. However, Management has proposed to delist the company. We believe that the exit offer is a convenient way for shareholders to cash out.

CFM Holdings Limited

CFM Holdings Limited - A Strong-Performing Year (Update)

Ng Kian Teck - Wed, 1 September 2010

On 23 August 2010, CFM Holdings Limited announced their FY 2010 results. FY 2010 revenue and net profit were 91.5% and 121% of our prior FY10F estimates respectively. Revenue for the financial year grew 17.9% YoY whilst net income soared 149% over the same period.

Kian Ann Engineering Ltd

Kian Ann Engineering Ltd - Loaded with Cash (Update)

Ng Kian Teck - Mon, 30 August 2010

Kian Ann Engineering Ltd's FY2010 revenue and profit outperformed our prior forecasts by 5% and 8% respectively. For the financial year, revenue grew 10.8% YoY to S$149.4m whilst profit increased 17.3% to S$13.6m over the same period, on the back of global economic recovery and better business sentiment.

Petra Foods Limited

2QFY10 Results - Strong growth momentum to spillover to 2HFY10

Angelia Phua - Fri, 20 August 2010

In view of the strong set of 2QFY10 results and strong growth momentum in both the Branded Consumer and Cocoa Ingredient operations, we raised our FY10 and FY11 earnings growth to 51.2% (previously 31.0%) and 34.7% (previously 33.0%) respectively. We value Petra Foods at S$1.56 and maintain our recommendation of a Long-term BUY in view of positive catalyst from earnings and potential strategic investment moves.

Petra Foods Limited

Petra Foods Limited - Earnings Momentum to Continue (Update)

Liu Jinshu - Thu, 19 August 2010

Petra Foods Limited's results for 1H FY10 ended 30 June 2010 were in line with our expectations. We expect PETRA to continue showing strong sequential growth in 2H FY10.

Free Sign up now

FAQ

What is the SNCIR Scheme?

The SNCIR Scheme is similar to the SGX scheme except that this scheme is now supported by SIAS Research and NRA Capital and administered by SIAS.

Will the report come with recommendation?

Yes. There will be valuation and recommendation.

Any requirements to view the reports?

A free registration is required to view the reports. Click here to sign up now.

News

Launch of SNCIR Scheme-10 Feb 2010
Launch of SNCIR scheme newspaper clippings
10 February 2010

Financial Blogs

Does Intel's lower Q3-2010 guidance affect a number of my Stock Picks which are in the semi-con equipment sector ??!!

Tue, 31 Aug 2010 -by Kevin Scully

Double dip or mild recovery in the US.....the uncertainty is causing a boom in the bond market and low volumes in equities......

Mon, 30 Aug 2010 -by Kevin Scully

PM's comments on the transport sector in particular the MRT system.....should be good for one of my Stock Picks Hock Lian Seng.....find out why ???!!!

Mon, 30 Aug 2010 -by Kevin Scully

Reports Archive

*Reports require registration on their respective websites

SIAS Research
SIAS Research reports

NRA Capital
NRA Capital Research reports

SIAS Research

SIAS Research Pte Ltd was created by the Securities Investors’ Association of Singapore (SIAS) to provide investors with independent and professional insights and analysis on publicly listed companies.

 Incorporated in October 2003, our portfolio of covered stocks started from a large group of under-researched “gems”. These were mainly smaller-cap stocks listed on the SGX. Over the years, our portfolio has grown to include listed companies with larger market capitalization such as Macquarie International Infrastructure Fund (MIIF).

NRA Capital Research

NRA Capital was founded in July 1999 by a team of highly experienced equity analysts and fund managers led by Kevin Scully who believed that there was and will continue to be an important role for independent equity research. The founders also believed that as the stockbroking industry consolidates under rising commission pressure, there would be a need for stockbrokers to outsource some of their equity research functions.

NRA Capital prides itself in being the first independent equity research company to be licensed by the Monetary Authority of Singapore to offer independent institutional quality equity research written for the sophisticated investors. The Internet was used as a delivery medium given its timeliness and low costs.