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Straits Trading Company&rsquo s H1 profit down 64.9% to S$5.2 million
Revenue was up 7.1 per cent at S$252.5 million
STRAITS Trading Company : S20 +0.78%has reported a 64.9 per cent drop in net profit to S$5.2 million for the six months ended Jun 30.
The investment company reported in a bourse filing on Monday (Aug 12) that revenue was up 7.1 per cent at S$252.5 million, mainly due to fair-value gains in its logistics properties located in South Korea and Australia, and its properties in Singapore.
This was offset by an increase in expenses for its resources segment, with the cost of tin mining going up 19.2 per cent to S$192 million from the maintenance of a furnace that began in May, and despite more revenue having come in from higher-than-average tin prices.
&ldquo Other losses&rdquo rose to S$5.8 million, reversing a gain of S$19.2 million in the year-ago period as a result of the disposal of an investment property in Australia and lower fair-value gain on embedded derivative components of exchangeable bonds.
Expenses also grew as its hospitality segment, Crowne Plaza Penang Straits City, stepped up operations in preparation for its opening in August.
Earnings per share dipped to 1.2 Singapore cents from 3.3 cents. No dividend was declared for the period.
The group said that while the current environment is marked by escalating trade tensions and policy uncertainties, its balance sheet remains robust, with S$476.3 million in cash and bank balances.
Slowly Kio durians 😋
last reporting group is in negative profit position...
Trade with strong awareness
Trade with strong awareness
Tan Ku Ku. Group laden with debts.
Main operating revenue is TIN smelting
Main operating revenue is TIN smelting
2egg4kosong ( Date: 07-Aug-2024 20:37) Posted:
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Dear Sister Chew, could you please do a GO since you already owned 70%. I am happy to let go at $2.00 a piece. It's depressing to see the share price keep dropping. Thank you.
Close to 52-week low of $1.34. May be a new low if Fed does not cut interest rate this year:)
test
3.9% in ESR Group. At the year ended 2023 these investments were carried at the closing price.
SmallSmall ( Date: 14-May-2024 15:28) Posted:
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What is their %age holding in ESR Group (HK)? I could not find it in ESR Group annual report
finjungle ( Date: 14-May-2024 15:23) Posted:
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Would this gem surrender the shares? would there be a profit? would this profit be distributed?
SlothSG ( Date: 14-May-2024 15:19) Posted:
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Nice .... primary resulted from ESR take private plan.
SmallSmall ( Date: 14-May-2024 14:29) Posted:
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Recovery mode in progress....... $1.44 +$0.03
SmallSmall ( Date: 13-May-2024 08:53) Posted:
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That is exactly my point. The HSI has rebounded 2,500 points within the last 6 weeks.
Dead cat or not my point is the first bounce will be the strongest and for those who traded the HSi DLC long are already deep in the money
Dead cat or not my point is the first bounce will be the strongest and for those who traded the HSi DLC long are already deep in the money
hawkeye2010 ( Date: 12-May-2024 22:59) Posted:
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Best price is when everyone knows it is very cheap but no one wants to buy.
Because when it bounces up no one is going to catch it.
Just look at how HSI has performed the last few weeks from the rock bottom.
The first wave up would be the strongest.
Because when it bounces up no one is going to catch it.
Just look at how HSI has performed the last few weeks from the rock bottom.
The first wave up would be the strongest.
hawkeye2010 ( Date: 12-May-2024 20:00) Posted:
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Maybe for short term up to a year is neutral. But it is hard not to be bullish on this medium to long term. It has been a beaten down industry. High time for a rebound
hawkeye2010 ( Date: 12-May-2024 19:34) Posted:
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Bullish on this sector
A stock from colonial days. The last vestige of British empire. God save the King!
My humble opinion is that like GE, should just delist for good and vanish from the earth surface eternally. Simply put, GOOD FOR NOTHING stock.
That is a generous dividend.
SmallSmall ( Date: 08-May-2024 11:30) Posted:
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Today last cum date for $0.08 dividend.