Stocks to watch: KSH Holdings, Willas-Array, Courts Asia
THE following companies saw new developments which may affect trading of their shares on Thursday:
KSH Holdings: KSH Holdings posted a 28.1 per cent fall in net profit to S$29.5 million. For the 12 months ended March 31, revenue tumbled 33.4 per cent to S$132.6 million from S$199.3 million in the preceding year, due mainly to a 34.6 per cent decrease in revenue from the construction business.
Willas-Array Electronics (Holdings): The company saw full-year net profit more than triple to reach HK$111.96 million (S$19.1 million), on the back of double-digit increases in sales in the group's industrial, home appliance and automotive segments. The Hong Kong-based distributor of electronics components logged revenue of HK$4.56 billion for the year ended March 31, a 17.3 per cent rise. The latest results were "its best ever performance since its listing in 2001", the company said in a statement.
Courts Asia: Mainboard-listed Courts Asia announced on Wednesday it made a net loss of S$3.02 million for its fourth quarter ended March 31, 2018 on the back of poor business performance in Malaysia, reversing from a profit of S$3.99 million a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%