15-11-2012, 09:37 PM
Earnings out yesterday too...
http://info.sgx.com/webcoranncatth.nsf/V...6003922CA/$file/34b_20121114_SGXQuarterlyReport3Q2012.pdf?openelement
The Company and its subsidiaries (the “Group”) recorded a profit after tax of S$5.1 million compared to the loss after tax of S$1.4 million in the same quarter of 2011 mainly due to the unrealised foreign exchange gains of S$1.1 million (attributed to the strengthening of Australian dollar and Euro against the United States dollar) in this quarter versus the unrealised foreign exchange loss of S$5.2 million recorded in 3Q 2011.
The Group reported higher revenue of S$6.1 million for this quarter compared to S$5.2 million registered in the same quarter of 2011. Dividend income for this quarter was higher mainly due to the dividends distribution from the listed equities in which the Group has invested during the quarter. Interest income was lower in this quarter when compared to 3Q 2011 mainly as a result of overall decline in interest rates globally.
Seems like their equity investments did well in Q3. But not too sure how they will do given the recent sell-off. The other bond portfolios did fairly well though...
Regarding the equity investments, this is all that is mentioned:
• During the quarter, GIL purchased a total of S$30.65 million in listed shares, of which S$5.88 million was subsequently sold. The net profit on the sale of shares amounted to about S$286,000. In addition, the total dividends received from the portfolio was approximately S$172,000.
• As at 30 September 2012, the carrying value of the listed equity portfolio was S$24.95 million. About 46.3% of the portfolio was
invested in companies listed in Hong Kong, 33.5% in Singapore, 13.2% in Japan, and 7.0% in South Korea. In terms of sector distribution, the highest weighting was in Finance Related (18.25%), followed by Real Estate (16.80%), Oil and Gas (12.79%), and Diversified (8.96%).
• The weighted annual dividend yield of the portfolio was about 4.0%. The listed equities are liquid assets which can be divested easily to fund investments in other asset classes when opportunities arise.
Sounds like China banks and REITs to me...lol. I wonder where they invested to achieve an average dividend yield of 4.0%. Guess no Noble Group, but maybe STX OSV. oops.
In any case.. dividend of 0.75cents guided for H2 2012, so maintaining the 10% dividend yield. Wonder if they can continue doing that given the current market.
http://info.sgx.com/webcoranncatth.nsf/V...6003922CA/$file/34b_20121114_SGXQuarterlyReport3Q2012.pdf?openelement
The Company and its subsidiaries (the “Group”) recorded a profit after tax of S$5.1 million compared to the loss after tax of S$1.4 million in the same quarter of 2011 mainly due to the unrealised foreign exchange gains of S$1.1 million (attributed to the strengthening of Australian dollar and Euro against the United States dollar) in this quarter versus the unrealised foreign exchange loss of S$5.2 million recorded in 3Q 2011.
The Group reported higher revenue of S$6.1 million for this quarter compared to S$5.2 million registered in the same quarter of 2011. Dividend income for this quarter was higher mainly due to the dividends distribution from the listed equities in which the Group has invested during the quarter. Interest income was lower in this quarter when compared to 3Q 2011 mainly as a result of overall decline in interest rates globally.
Seems like their equity investments did well in Q3. But not too sure how they will do given the recent sell-off. The other bond portfolios did fairly well though...
Regarding the equity investments, this is all that is mentioned:
• During the quarter, GIL purchased a total of S$30.65 million in listed shares, of which S$5.88 million was subsequently sold. The net profit on the sale of shares amounted to about S$286,000. In addition, the total dividends received from the portfolio was approximately S$172,000.
• As at 30 September 2012, the carrying value of the listed equity portfolio was S$24.95 million. About 46.3% of the portfolio was
invested in companies listed in Hong Kong, 33.5% in Singapore, 13.2% in Japan, and 7.0% in South Korea. In terms of sector distribution, the highest weighting was in Finance Related (18.25%), followed by Real Estate (16.80%), Oil and Gas (12.79%), and Diversified (8.96%).
• The weighted annual dividend yield of the portfolio was about 4.0%. The listed equities are liquid assets which can be divested easily to fund investments in other asset classes when opportunities arise.
Sounds like China banks and REITs to me...lol. I wonder where they invested to achieve an average dividend yield of 4.0%. Guess no Noble Group, but maybe STX OSV. oops.
In any case.. dividend of 0.75cents guided for H2 2012, so maintaining the 10% dividend yield. Wonder if they can continue doing that given the current market.