Second quarter 2012 results (Part 3)

Companies had started reporting their financial results for the quarter covering 1 April to 30 June 2012 (Second Quarter 2012).

The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2012 against corresponding period of 2011. It includes information on dividend declared for the quarter by the board of directors.

  Net Profits Y-o-Y Change Dividend
DBS $ 810 m + 10.0% 28.0 cents
OCBC $ 648 m + 12.0% 16.0 cents
CapitaLand $ 385.9 m – 3.3%  
SembCorp Industries $ 190.7 m + 8.9%  
SembCorp Marine $ 142.7 m – 4.6% 5.0 cents
Great Eastern Life $ 81.4 m – 31.0% 10.0 cents
Singapore Post $ 38 m – 2.9% 1.25 cents
Hyflux $ 17.5 m + 21.0% 0.70 cents

Note: All companies reported second quarter results except for Singapore Post (first quarter results).

Out of eight listed entities above, half improved on their performances (namely DBS, OCBC, SembCorp Industries and Hyflux). The other four did worse off (Great Eastern Life, Sembcorp Marine, CapitaLand and Singapore Post). All listed entities declared interim dividends to reward shareholders, except SemCorp Industries and CapitaLand.

Net Asset Value (NAV) per share of CapitaLand was $3.54 at end of June. CapitaLand is currently trading at $3.09 and this is 0.87 time book value.

Net book value of DBS was $12.36 at end of June. Its current share price is $14.80 and this is 1.2 times book value.

In the case of OCBC, the net asset value was $7.28 (after valuation surplus) and its current share price is $9.39. The price-to-book value is 1.29 times, higher than DBS Bank.

Copyright © 2012, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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