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" Keppel T& T to benefit the most from M1 stake review"
https://www.msn.com/en-sg/news/other/keppel-tandt-to-benefit-the-most-from-m1-stake-review/ar-BBytWpN
Trading halt liao
Better avoid this counter, when the profit plunges so dramatically.
Keppel T& T posts 93.1% plunge in Q4 earnings
A lower fair value gain on data centre investment properties and a smaller profit share from associates sent earnings at Keppel Telecommunications & Transportation (Keppel T& T) tumbling 93.1 per cent in the fourth quarter.
Net profit for the three months to Dec 31 came in at $3.1 million. Revenue slid 5.5 per cent to $49.7 million, largely owing to lower turnover from the logistics and data centre divisions, said Keppel T& T yesterday.
Net profit for the full year, however, rose 14.9 per cent to $105.1 million - helped by higher contribution from the data centre division, although partly offset by weaker contribution by the logistics division - while revenue dipped 3 per cent to $194.6 million.
BUT FULL-YEAR NET PROFIT RISES 14.9% WITH DATA CENTRE UNIT GIVING FILLIP
Keppel T& T said the outlook for trade and consumption in Asia remained challenging during the period, given the slow pick-up in China, weak recovery in advanced economies and uncertainties in the global macroeconomic landscape.
" These factors are expected to weigh on the logistics industry' s prospects," it noted, adding that the logistics division will continue to focus on optimising resources to improve margins while seeking new growth opportunities.
Keppel T& T said growth in the data centre industry is " expected to remain strong with the proliferation of cloud computing, big data and digitalisation" .
With the completion of the sale of 90 per cent of the shares in Keppel DC Singapore 3 to Keppel DC Reit, as announced on Jan 20, the division' s contributions in the near term will primarily be driven by recurring income from its facility management and other services, alongside its efforts to improve occupancy at its new and existing data centres, it said. The division " remains optimistic" about long-term prospects and is " actively seeking to grow its asset pipeline" .
What happens to this counter that it has dropped so much since yesterday? Any bad news released?
Thot KC' s M1 stake is held through KTnT?
john_ric ( Date: 27-Sep-2016 00:13) Posted:
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k tnt is trending up.
does it has any M1??
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does it has any M1??
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Break out!!!!!!So powerful
Wondering if there will be positive news for this counter...