Singapore Airlines, Keppel Corporation and SembCorp Marine had released their quarterly results recently. Net profit declined for the quarter for all three companies.
|Net Profits||Y-o-Y Change||Dividend|
|SIA||$90.1 m||– 54.0%||6.0 cents|
|Keppel Corp||$346 m||– 14.7%|
|SembCorp Marine||$115.5 m||– 48.1%|
Let’s see how share prices moved after release of quarterly results.
|Before release||Today (2.11 pm)||Change|
|SIA||$10.58||$10.47 (cum div)||– 1.0%|
|Keppel Corp||$11.21 (12.10.12)||$10.58||– 5.6%|
|SembCorp Marine||$4.70||$4.45||– 5.3%|
|SembCorp Ind||$5.35||$5.15||– 3.7%|
Sembcorp Marine released its results last night and today its share declined 5.3% (as at 2.11 pm). SembCorp Marine is a subsidiary of SembCorp Industries and the latter share price declined 3.7% as a consequence.
Keppel Corp released its results on 18 October and its share price had declined 5.6% since 12 October.
SIA released its results over the weekend. Its share price only declined 1.0% or 1.6% ex-dividend. SIA’s share price held up quite well despite a poor result.
In general, investors are less forgiving when it comes to earnings results. If earning is below expectation, investors of the counter sell down their holdings.
Copyright © 2012, limkimtong for Living Investment
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