Cosco Corporation: 2Q 2011 Results: Financial Quarter ended 30 June 2011 (1 Aug 11)
7 August 2011 | 1:09 am

  • Revenue: +3% (2Q11) +12% (1H11) 
  • Net Profit: -53% (2Q11), -31% (1H11)
  • Press Release: The Group turnover increased by 3.5% to $996.0m. 
  • Turnover from shipyard operations increased 6.3% to $981.8m on higher contributions from ship building and marine engineering projects.
  • Turnover from dry bulk shipping & other businesses dropped 63.5% to $14.2m mainly due to lower charter-hire rates.
  • Net profit attributable to equity holders of the Company slipped 53.4% to $31.9m on lower profit contributions from dry bulk shipping and shipyard operations, and higher income tax expense from a deferred tax benefit adjustment.
  • The Group will continue to leverage on the strength of its diversified business to remain competitive and fortifies its strategic market position. 
  • Outlook: As at 30 June 2011, the Group’s order book stood at US$7.0 billion with progressive deliveries up to first half 2014. 
  • This order book is subject to revision from any new orders or cancellation of orders that may arise.
  • The Group will continue to focus on deliveries while it upgrades its shipyard capabilities and efficiencies and control costs.
  • The Group maintains a cautious outlook for 2011 as the global economy remains fragile and its recovery uneven with growing concerns over the sovereign-debt crisis in Europe and other places. 
FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2011 1,010,672 996,047
2010 835,031 962,456 952,716 1,111,242 3,861,445
2009 714,410 718,532 752,003 714,059 2,899,004
2008 717,656 1,047,137 987,734 723,482 3,476,009
2007 355,786 512,341 546,995 846,578 2,261,700
2006 267,592 265,349 317,772 364,756 1,215,469
2005 164,578 210,721 235,090 262,725 873,114
2004 24,662 27,552 32,465 31,667 116,346
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2011 37,087 31,863
2010 31,712 68,381 55,126 93,618 248,837
2009 33,151 37,028 22,283 17,618 110,080
2008 83,884 128,701 113,890 (23,887) 302,588
2007 41,954 80,381 97,748 116,485 336,568
2006 37,582 51,003 71,483 45,285 205,353
2005 25,799 39,360 56,566 38,770 160,494
2004 11,387 18,910 11,332 22,530 64,159
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Dividends

FY Interim Final Special (SGD)
2011 NA
2010 NA 0.040 NA
2009 NA 0.030 NA
2008 NA 0.040 0.030
2007 NA 0.040 0.030
2006 NA 0.025 0.015
2005 NA 0.020 NA
2004 NA 0.020 NA
2003 NA 0.01 NA
2002 NA 0.007 NA

2001 NA 0.006 NA
2000 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details

2006-01-23 Stock Split STOCK SPLIT OFFER OF 2 FOR 1

2004-04-26 Bonus OFFER OF 1 FOR 5
2000-02-29 Stock Split STOCK SPLIT OFFER OF 5 FOR 1
1999-10-13 Rights RCCPS OFFER OF 1 FOR 3 @ $1.5
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Share Data (SGD)

NAV = $0.5132
EPS = $0.0308 (6M FY11)
Diluted EPS = $0.0308 (6M FY11)
No of Shares = 2,239,244,954


Singapore Shipping Corp reports 1QFY12 Results (28 Jul 11)
31 July 2011 | 5:40 am

  • Revenue: +41.0% (1Q12) 
  • Net Profit: -10.6% (1Q10) 
  • Outlook: The Group’s principal ship-owning business is expected to be stable as its vessels are already locked in, on long-term charters to blue chip operators. 
  • In addition, the Group is looking out to acquire additional vessels with long-term charters to expand the business of the Group.
FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total
2012 4,732
2011 3,355 4,090 4,083 4,141 15,669
2010 2,113 2,145 2,378 1,336 7,972
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 2,543 2,733 3,179 3,280 11,735
2008 3,281 3,242 3,139 3,001 12,663

2007 6,635 6,322 6,551 3,335 22,843
2006 12,621 7,560 8,133 8,541 36,855
2005 25,326 26,471 25,829 13,945 56,169
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total

2012 1,235
2011 558 1,760 1,813 1,675 5,601
2010 1,216 611 1,313 26 3,166
Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2009 1,481 (3,079) (3,055) 1,154 (3,499)
2008 2,190 2,757 497 (1,693) 3,751

2007 3,114 1,793 5,566 2,634 13,107
2006 45,742 29,218 3,505 7,957 86,422
2005 7,250 6,612 7,800 7,871 29,533
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Dividends

FY Interim Final Special (SGD)
2012
2011 NA 0.01 NA
2010 NA 0.01 NA
2009 NA 0.01 NA
2008 0.12 (Spe) 0.02 NA
2007 NA 0.03 0.09
2006 0.05 0.03 0.09
2005 NA 0.03 0.02
2004 NA 0.015 NA
2003 NA 0.01 NA
2002 NA 0.01 NA

2001 NA 0.005 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details

2006-01-09 Bonus 1 COUGAR/4 SSC OFFER OF 1 FOR 4
-----------------------------------------------------------
Share Data (USD)

NAV = $0.12
EPS = $0.003 (3M FY12)
No of Shares = 436,016,591

DBS FIRST-HALF EARNINGS UP 23% TO RECORD SGD 1.54 BILLION (28 Jul 11)
31 July 2011 | 5:15 am

  • Revenue: +1% (2Q11), +6% (1H11)
  • Net Profit: Profit (1H11), +564% (1H11)
  • Press Release: Focused execution of strategy drives broad-based growth in business volumes and customer income
  • Outlook: DBS CEO Piyush Gupta said, “DBS’ record first-half results are a validation of the bank’s Asian strategy and our ability to execute well. We have benefitted from our growth in China and India and the improved management of our businesses in Singapore and Hong Kong, our two largest markets. As we continue to build out and strengthen our Asian franchise, we will remain focused and vigilant in an increasingly uncertain macro-economic environment."
FINANCIAL RECORDS

Revenue (SGD 'MIL)

FY 1Q 2Q 3Q 4Q Total

2011 1,909 1,838
2010 1,713 1,815 1,809 1,729 7,066
2009 1,662 1,792 1,577 1,572 6,603
2008 1,563 1,617 1,398 1,475 6,053
2007 1,542 1,551 1,537 1,533 6,163
2006 1,270 1,408 1,320 1,440 5,438
2005 1,038 1,133 1,053 1,417 4,641
2004 NA NA 1,098 1,037 4,976
-----------------------------------------------------------
Earnings (SGD 'MIL)

FY 1Q 2Q 3Q 4Q Total
2011 807 735
2010 532 (300) 722 678 1,632
2009 433 552 563 493 2,041
2008 603 652 379 295 1,929
2007 617 560 610 491 2,278
2006 518 603 552 596 2,269
2005 373 473 419 (441) 824
2004 NA NA 349 322 1,995
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Dividends

FY 1Q 2Q 3Q Final Special (SGD)

2011 NA 0.28
2010 0.14 0.14 NA 0.28 NA
2009 0.14 0.14 0.14 0.14 NA
2008 0.20 0.20 0.20 0.14 NA
2007 0.20 0.20 0.20 0.20 NA
2006 0.17 0.17 0.17 0.20 0.05
2005 0.11 0.15 0.15 0.17 NA
2004 NA 0.18 NA 0.22 NA
2003 NA 0.14 NA 0.16 0.16
2002 NA 0.14 NA 0.16 NA
2001 NA 0.14 NA 0.16 NA
2000 NA 0.14 NA 0.16 0.15
1999 NA 0.09 NA 0.16 NA
1998 NA 0.09 NA 0.09 NA
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Bonus / Rights / Stock Split

Date Type Details

2008-12-29 Rights OFFER OF 1 FOR 2 @ $5.42
1999-08-27 Bonus OFFER OF 5 FOR 100
-----------------------------------------------------------
Share Data (SGD)

NAV = $11.69
EPS = $1.33 (6M FY11) (Annualised)
Diluted EPS = $1.27 (6M FY09) (Annualised)
No of Shares = 2,309,547,326

SingPost Reports Q1 Net Profit of S$39M (27 Jul 11)
31 July 2011 | 1:53 am

  • Revenue: +3.0% (1Q12)
  • Net Profit: -3.5% (1Q12) 
  • Press Release: Group revenue up 3% on better performance by Mail and Logistics
  • Accelerating Regional Expansion and Diversification
  • Interim quarterly dividend of 1.25 cents per share
  • Outlook: The Group continues to face formidable challenges in the postal industry arising from esubstitution, competition and rising operating costs and is accelerating efforts to diversify and grow its businesses. 
  • Over the last three months, the Group has made several acquisitions to expand and strengthen its regional network and businesses. 
  • The strategic investment in ITL, an integrated logistics solutions provider in Vietnam, will give the Group a foothold into Vietnam and the Indo-china region. 
  • The Group has signed a Memorandum of Understanding with Malaysia listed Efficient to jointly explore business opportunities in the region. 
  • The strategic investment in 4PX provides the Group a platform into the high growth e-commerce and e-fulfilment markets in China.
FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2012 142,344
2011 138,224 137,603 148,491 141,529 565,847
2010 121,784 130,251 139,639 133,839 525,513
2009 120,880 120,702 123,950 115,565 481,097
2008 115,531 115,990 122,028 119,046 472,595
2007 105,053 106,589 111,758 112,645 436,045
2006 96,814 103,008 107,980 104,997 412,799
2005 89,441 91,518 100,510 94,342 375,811
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2012 39,244
2011 40,678 39,491 43,824 36,973 160,966
2010 39,401 40,520 44,134 40,918 164,973
2009 39,455 37,429 36,584 35,337 148,805
2008 38,359 39,660 36,786 34,471 149,277
2007 30,933 36,131 34,118 38,579 139,761
2006 29,466 30,144 32,810 30,924 123,344
2005 26,030 29,433 27,950 26,709 110,122
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Dividends

FY 1Q 2Q 3Q 4Q Special (SGD)

2012 0.0125
2011 0.0125 0.0125 0.0125 0.0250 NA
2010 0.0125 0.0125 0.0125 0.0250 NA
2009 0.0125 0.0125 0.0125 0.0250 NA
2008 0.0125 0.0125 0.0125 0.0250 NA

2007 0.0125 0.0125 0.0125 0.0250 NA
2006 0.0125 0.0125 0.0125 0.0172 0.1
2005 0.0210 0.0230 NA 0.027 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details

NA
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.1652
EPS = $0.02042 (3M FY12)
Diluted EPS = $0.02040 (3M FY12)
No of Shares = 1,921,888,285


BH Global Marine delivers 1H2011 record revenue of $76 million, a year-on-year increase of 78% (27 Jul 11)
31 July 2011 | 1:36 am

  • Revenue: +75% (2Q11), +78% (1H11) 
  • Net Profit: +47% (2Q11), +35% (1H11)
  • Press Release: Revenue climbed 75% year-on-year (“y-o-y”) to S$41.1 million in 2Q2011 due to new Engineering Services Division 
  • Balance sheet remained in net cash position well supported by strong cash and cash equivalent balance of S$19.3 million as at 30 June 2011
  • The Group, boasting comprehensive product offerings and turnkey capabilities, is well-positioned to benefit from market recovery 
  • Outlook: The Group is cautiously optimistic about its industry’s future prospects.
  • Embarkation on the Group's new Engineering Services Division last financial year to diversify its business risk has seen revenue contribution from this division climb to approximately 51% of the Group’s total revenue in 2Q2011.
  • To better respond to market demands, the Group will remain committed to enhance its product and service offerings through additions of new product range and synergistic business acquisitions.
  • Simultaneously, the Group will also look at expanding its regional footprints in Indonesia, Middle East and India.
    FINANCIAL RECORDS

    Revenue (SGD '000)

    FY 1Q 2Q 3Q 4Q Total
    2011 34,892 41,117
    2010 19,194 23,518 30,433 29,856 103,001
    2009 22,849 26,123 26,027 26,637 101,636
    2008 24,483 27,321 22,702 20,051 94,557
    2007 20,207 19,217 24,210 18,236 81,870

    FY 1H 2H Total
    2006 22,676 36,247 58,923
    2005 13,578 16,709 30,287
    2004 NA NA 24,551
    -----------------------------------------------------------
    Earnings (SGD '000)

    FY 1Q 2Q 3Q 4Q Total
    2011 3,757 3,980
    2010 3,013 2,707 3,776 1,857 11,353
    2009 3,436 3,968 4,146 3,131 14,681
    2008 5,005 5,680 5,090 3,463 19,238
    2007 4,037 4,294 4,965 4,220 17,516

    FY 1H 2H Total
    2006 5,236 5,979 11,215
    2005 3,486 3,305 6,791
    2004 NA NA 6.902
    -----------------------------------------------------------
    Dividends

    FY Interim Final Special (SGD)
    2011 NA
    2010 NA 0.007 NA
    2009 NA 0.008 NA
    2008 NA 0.012 NA
    2007 NA 0.012 NA
    2006 NA 0.016 NA
    2005 NA 0.010 NA
    -----------------------------------------------------------
    Bonus Issue / Stock Split

    Date Type Details
    2008-02-15 Bonus OFFER OF 1 FOR 2
    -----------------------------------------------------------
    Share Data (SGD)

    NAV = $0.22
    EPS = $0.0161 (6M FY11)
    No of Shares = 480,000,000



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