Stocks To Watch Wilmar, StarHub, Frasers Centrepoint, Rowsley

by **Cals** Thu 06 Aug 2015, 20:14

Stocks To Watch
Wilmar, StarHub, Frasers Centrepoint, Rowsley

SINGAPORE (Aug 6): The following stocks may be in focus today:
Agribusiness group Wilmar International ([You must be registered and logged in to see this image.] Financial Dashboard) posted an 18% increase in net profit to US$201.8 million ($279.4) for the 2Q ended June. Revenue for the quarter declined 12% to US$9.28 billion, mainly due to lower commodity prices.
Property group Frasers Centrepoint says it posted a 43% rise in earnings to $181.4 million for the 3Q ended June from a year ago. This came on the back of a more than doubling in revenue to $1.01 billion.
StarHub posted 5% higher 2Q earnings of $99 million from a year ago. Total revenue for the three months to June increased 2% to $589 million.
Venture Corp ([You must be registered and logged in to see this image.] Financial Dashboard) ([You must be registered and logged in to see this image.] Financial Dashboard), which designs and manufactures high-tech products such as printers, medical devices and storage systems for other companies, posted a 10% rise in 2Q revenue to $661 million from a year ago, thanks to higher shipment and favourable exchange rate movement. Earnings rose 7.5% to $36.1 million.
Property group Rowsley has agreed to pay $20.6 million for a 34.72% stake in RSP Design Consultants (India), an architectural services company in India. The company also posted a 92% plunge in its 2Q earnings to $516,000. Revenue was 20% lower at $17.8 million.
Bakery chain BreadTalk posted a 10.4% increase in 1HFY15 earnings to $4.9 million from a year ago.Total revenue was up 9.6% to $307 million.
The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney's largest daily drop in almost seven years. The Dow Jones industrial average fell 10.22 points, or 0.06%, to 17,540.47; the S&P 500 gained 6.52 points, or 0.31%, to 2,099.84; and the Nasdaq Composite added 34.40 points, or 0.67% to 5,139.95.
Singapore shares ended little changed on Wednesday. The Straits Times Index (STI) ended the day 0.01% higher at 3,191.39, after trading between 3,164.62 and 3,198.32. Excluding warrants, decliners outnumbered gainers 243 to 188.