Second quarter 2014 results

Companies were reporting their financial results for the quarter covering 1 April to 30 June 2014 (Second Quarter 2014).

The following table provides information on net profit attributable to shareholders for the quarter and year-on-year change between current period in 2014 against corresponding period of 2013. The dividends are the ones declared for the current quarter.

Net Profits Y-o-Y Change NAV/RNAV Dividend
DBS $969 m + 9.0 $14.32 28 cents
OCBC $921 m + 54.0 $9.23 18 cents
UOB $808 m + 3.2 $18.80 20 cents
SGX * $77.4 m – 11.6 86.2 cents 16 cents
SPH + $89.6 m – 52.2 $2.17 Nil
SIA + $34.8 m – 71.4 $11.41 Nil
Keppel Corp $406 m + 17.1 $5.49 12 cents
Sembcorp Ind $179.0 m + 8.3 $2.97 5 cents
Sembcorp Marine $131.6 m + 5.4 $1.32 5 cents
Singtel + $834.6 m – 17.4 $1.55 Nil
StarHub $94.3 m – 6.3 5.5 cents ++ 5 cents
M1 $43.9 m + 12.1 39.3 cents 7 cents
UOL $211.7 m – 51.0 $9.15 Nil
CapitaLand $438.7 m + 14.5 $3.69 Nil
Keppel Land $107.2 m + 12.3 $4.47 Nil
City Developments $137.8 m – 32.8 $8.67 4 cents
Comfort Delgro $75.7 m + 9.9 $1.04 3.75 cents
SBS Transit $4.9 m + 57.2 $1.13 1.25 cents
SMRT + $22.3 m + 36.8 54.1 cents Nil

+ different quarter end other than second quarter
* Year end of 30 June 2014
++ at Group Level

NAV/RNAV = Net Asset Value or Revalued Net Asset Value

Banks

Please see my earlier post on DBS, OCBC and UOB.

SGX, SPH and SIA

Interestingly, all three well-known counters had their profits declined for the quarter.

Keppel Corp, SembCorp Industries and SembCorp Marine

All three companies showed positive growth in net profits. Keppel Corp had 17.1% jump in net profit. All three declared interim dividends.

Telcos

Singtel’s and StarHub’s net profits declined whereas M1’s net profit increased. Singtel did not declare interim dividend as this is its first quarter profits.

Property developers

Net profits of UOL and City Developments declined. Net profits for CapitaLand and Keppel Land improved over the same period last year. Surprisingly, City Developments declared interim dividend for first quarter despite poor showing in net profit figure.

Local transport space

All three (Comfort Delgro, SBS Transit and SMRT) had positive performance. Comfort Delgro consistently performing well over the other two.

Copyright © 2014, 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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