SUBSCRIBERS
Brokers' take
Published Tue, May 21, 2019 · 09:50 PM
SATS | Hold (downgraded) May 21 close: S$5.09 Target price: S$5.05 UOB Kay Hian, May 21
Core net profit for Q4 FY2019 declined by 5 per cent year-on-year (yoy) to S$248.4 million, 4 per cent below our and street forecasts. Excluding S$7 million in one-off gains in FY2018, core net profit for FY2019 grew 2.2 per cent yoy.
A steep 63 per cent decline in associate earnings was the key reason behind the disappointing results.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years