Second quarter 2013 results (Part 1)

Companies were reporting their financial results for the quarter covering 1 April to 30 June 2013 (Second Quarter 2013).

The following table provides information on net profit attributable to shareholders for the quarter and year-on-year change between current period in 2013 against corresponding period of 2012.

Net Profits Y-o-Y Change NAV * Dividend
DBS $887m + 10% $13.21 28 cts
UOB $783m + 9.9% $17.23 20 cts
OCBC $597m – 8.0% $8.21 17 cts

* revalued NAV

Share Price EPS ** P/B PE
DBS $17.40 $1.52 1.31 11.4
UOB $21.87 $1.85 ++ 1.26 11.8
OCBC $10.85 73.4 cts ++ 1.32 14.7

** annualised
++ less preference dividends

DBS and UOB did well for the quarter. OCBC’s net profit declined 8.0%. Looking at Price to Book (P/B) ratio, UOB is at 1.26 times compared to 1.30+ for DBS and OCBC. On basis of Price Earning (PE) ratio, OCBC is high at 14.7 times, whereas it was 11.0+ for DBS and UOB.

Net Profits Y-o-Y Change NAV * Dividend
SPH + $187m + 80.7% $2.33 Nil
SIA Engr + $69m – 1.5% $1.25 Nil
SIA + $121m + 56.0% $11.30 Nil
SGX + $87m + 43.4% $0.83 16 cts

+ different quarter end other than second quarter

SPH, SIA and SGX improved on their net profits over the corresponding quarter of pervious period. SIA Engineering showed a drop.

SGX’s result is for fourth quarter. For a full year result of SGX, refer to my earlier blog post.

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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