SG Market: Spore shares likely to take its cues from latest corporate results following mixed close on Wall Street. Olam delivered 2Q net profit of $145m (pre-exceptional earnings of $112m vs $113m mkt consensus), which was spot on but results may be overshadowed by negative newsflow over failure of that merger talks with Louis Dreyfus & plans to raise equity to fund expansion.
ComforDelgro reported 4Q results, which were in line with expectations, proposing 2.8¢ final DPS translating to full yr div yield of 3.5%. Goodpack also posted solid results with earnings on track to meet full yr target. STX OSV expected to get a lift from better than expected 4Q results. Tat Hong & Tiong Woon may face downgrades on disappointing results.
No comments:
Post a Comment