Petra Foods Limited
3QFY12 results update - Riding out a tough period
Angelia Phua
-
Thu, 15 November 2012
In view of Petra’s long-term strategic moves and prudence in capital allocation, we believe Petra will weather the supply-demand imbalance in the processing industry to emerge stronger.
Treasury China Trust
3QFY12 results update - Further delay in construction completion at The HQ extension
Angelia Phua
-
Thu, 1 November 2012
To account for potential distribution yield loss and execution risk at The HQ, we maintain a steep discount of 60% to valuation to arrive at a target price of S$1.51, as previously. On the other hand, successful completion at The HQ will close the discount gap between the share price and net asset value. The share price is also underpinned by low price-to-book (P/B) of 0.3x, compared to P/B of peers of 0.9x. Neutral.
Petra Foods Limited
2QFY12 results update - Expect a weaker 2HFY12
Angelia Phua
-
Tue, 21 August 2012
We favour the high-margin Branded Consumer business but remain concerned with structural changes in the cocoa processing industry leading to margin erosion for industry players.
Riverstone Holdings Limited
Maintaining Healthy Margins (Update)
Ng Kian Teck
-
Wed, 1 August 2012
Riverstone Holdings Limited (Riverstone) posted a healthy 2Q performance with revenue and PAT rising 19.5% and 7.2% YoY to RM78.3m and RM11.0m respectively. We maintain Invest.
Riverstone Holdings Limited
Riverstone Holdings Ltd - Still running at full steam (Results)
Jacky Lee
-
Wed, 1 August 2012
2Q12 earnings of RM11m were slightly above our estimates of RM10.1m due mainly to lower-than-expected taxation. We keep our FY12-13 estimates relatively unchanged but raise our FY14 forecast by 16% given that management increased its planned production from 2.8bn to 3.1bn by end of this year. Our fair value remains S$0.59, still pegged at 11x FY12 PER, which is in line with the industry average. Maintain Overweight.
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Financial Blogs
Innotek reports a Q1-2013 loss of S$1.43mn….its actually quite a good set of results ……but
Tue, 21 May 2013
-by Kevin Scully
Midas Holdings - meeting with management confirms that Q1-2013 loss is timing related.....second half should be significantly better
Mon, 20 May 2013
-by Kevin Scully
Midas reports a Q1-2013 loss of RMB4.9mn compared to a profit of RMB15.3mn in Q1-2012 on a 12.1% fall in revenue......
Wed, 15 May 2013
-by Kevin Scully
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