Companies has started reporting their financial results for the quarter covering 1 Jan to 31 March 2013 (First Quarter 2013).
The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2013 against corresponding period of 2012.
|Net Profits||Y-o-Y Change||NAV||Dividend|
|CapitaLand||$188.1 m||+ 41.2%||$3.61||Nil|
|DBS||$950 m||+ 2.0%||$13.35||Nil|
|UOB||$722 m||+ 4.9%||$17.52||Nil|
|OCBC||$696 m||– 16.0%||$8.40||Nil|
|M1||$41 m||+ 1.8%||$0.434||Nil|
|Keppel Corp||$356.9 m||– 52.5%||$5.33||Nil|
|Keppel Land||$96.6 m||– 31.9%||$4.11||Nil|
|SMRT||– $12 m||– 186%||$0.505||Nil|
|SGX *||$97.7 m||+ 25.6%||Not avail||4.0 cents|
|SPH +||$71.5 m||– 15.0%||$1.35||7.0 cents|
* Third Quarter results for SGX ended 31 March 2013
+ Second Quarter results for SPH ended 28 Feb 2013
DBS, UOB and OCBC
DBS and UOB performed well for first quarter with net profit increasing 2% and 4.9% year-on-year respectively. OCBC on the other hand had its net profit declining by 16%.
When comparing net asset value of these bank shares with share prices as at 3 May 2013, price to book values (PTB) are computed below. UOB’s PTB was 1.25 while DBS and OCBC had ratio of 1.30.
|NAV||Share price||Price to Book|
Keppel Corp and Keppel Land
Results of Keppel Corp and Keppel Land for 1st quarter 2013 was affected by the absence of one-time gain on sale of substantial property units of Reflections at Keppel Bay that was recognised in 1st quarter of 2012. Net profit declined 52.5% for Keppel Corp and 31.9% for Keppel Land.
CapitaLand recorded increase in net profit for the quarter on account of better sale of Singapore and China residential properties. In Singapore, it sold more D’Leedon units after discounts were given to buyers.
MI increased net profit by 1.8%.
See my previous post on SMRT results.
SGX and SPH
SGX showed improvement in net profit while SPH showed a decline in net profit for their respective quarter results.
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