Cosco’s FY07 results came within our expectations. Revenue surged 86%, while net profit jumped 64% helped by a lower effective tax rate of 3.9%. Gross profit margins (GPM) came in at 27%, lower than our forecast for 30.5%.
HLF reported a strong 20% growth in operating income and 23% growth in operating profit, 10% above our expectations. Operating profit for full year was S$135m, with 4Q registering a 5% improvement over 3Q.
Economists estimated that the capital injection into the Vietnamese property market reached US$5b. Vice chairman of the Ho Chi Minh City Real Estate Association, Le Hoang Chau, said property prices are likely to rise because the city has plans to start many major transport infrastructure projects this year.
We are familiar with scenes on television and movies where lumberjacks bellow “Timber!” to warn people of a falling tree. I wonder what do Indonesian natives shout. “Kayu balak!” perhaps?
MAP’s earnings for FY07 rose triple-digit to $9m as opposed to $3.7m in FY06 on the back of 87.4% revenue increase. This was due to broad-based growth within all its 3 business segments.
From the manufacture and sale of raw materials such as quarry, ready-mix concrete, pre-cast concrete, cement, granite and steel products, BGM has become a supplier of a comprehensive range of building materials and has contributed tremendously to Singapore’s growth.
In October last year, Shares Investment (Shanghai) was launched in China, featuring companies listed on the Shanghai Stock Exchange. Within three months, the publication has obtained a readership of more than 100,000 people.
FY07 profit surged 124% driven by a higher share of profit from associated companies and a $590m fair value gain on investment properties, including United Square, Novena Square and Odeon Towers, following the adoption of FRS40.
To catch a big rebound, certain enthusiastic, high-risk, high-return measures can be adopted. Nonetheless, playing safe can also be used as a method. To enter the market, buy stocks that drop a lot on a weekly basis. Singapore Exchange (SGX) is a good example.
