Nine months’ performance ended 30 September 2012

Companies will be reporting their full-year results soon. How will these companies with year-end ended 31 December perform? (Results of others with year-end other than 31 December are excluded.)

The following table provides information on net profit attributable to shareholders for nine months ended 30 September 2012. The next column shows percentage change against corresponding nine-month results in 2011.

Net Profits (9 mths to Sept) Y-o-Y Change
OCBC * $3,330 m + 94%
DBS $2,599 m + 13.0%
UOB $2,107 m + 19.1%
Great Eastern Life ** $963.5 m + 204%
Keppel Corp $1,618 m + 46.8%
SembCorp Industries $548.6 m – 1.6%
SembCorp Marine $371.3m – 29.0%
CapitaLand $667.6 m + 15.0%
City Developments $428.9 m – 32.5%
Keppel Land $311.0m + 62.2%
StarHub $271.4m + 21.8%
M1 $108.6m – 14.1%
Comfort Delgro $191.3m + 6.8%
SBS Transit $15.6m – 51.4%
K-Green Trust $11.4m – 2.5%
HyFlux $39.7m + 17.0%

* OCBC made $1.13 b in divestment gains. Core net profit ex-divestment gain was up 28% year-on-year.
** Great Eastern Life made $421.6 m in divestment gains. Ex-divestment gain profit was up 71.0% year-on-year.

Commentaries

OCBC is going to out-perform the other two local banks (in percentage growth term).

Keppel Corp has positive net profit growth but not SembCorp group of companies. SembCorp Marine was hit by the industrial accident on one rig. The financial impact was not disclosed yet.

Keppel Land did very well followed by CapitaLand. City Development did poorly. The impact of latest property cooling measures will only be clearer in 2013 results. So the momentum of property boom will carry developers through in 2012.

StarHub and Comfort Delgro did well against their rivals (Singtel and SMRT were not considered, having different year-ends).

Copyright © 2013, 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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