4 Singapore Companies Reporting Higher Revenue and Profits: Can Their Share Prices Rise?

The Smart Investor08-20

[ Share Facebook Twitter LinkedIn Email WhatsApp With the earnings season mostly over, it’s time to take stock of the raft of companies that announced their latest results. Investors ...

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Will their share prices rise in tandem with their good results?","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6073":"工业机械","BPF.SI":"友发","URR.SI":"SIM LEISURE GROUP LTD.","BK6118":"消闲设施","BK6071":"经销商","BK6504":"工业制品概念","JLB.SI":"杰纬特科技有限公司","BK6517":"汽车股","S85.SI":"星雅集团","DRAM":"达泰莱"},"translate_title":"4家新加坡公司报告更高的收入和利润：它们的股价能上涨吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPF.SI":1,"DRAM":1,"JLB.SI":1,"S85.SI":1,"URR.SI":1},"content_text":"[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nWith the earnings season mostly over, it’s time to take stock of the raft of companies that announced their latest results.\nInvestors will be curious to know which companies can grow their revenue and earnings amid the uncertain macroeconomic environment.\nAs the saying goes – when the business does well, the share price eventually follows.\nWe sifted out four companies that reported better revenue and profits and investors may wish to add these to their buy watchlists.\nYHI International (SGX: BPF)\nYHI is a global distributor of high-quality automotive and industrial products and has a presence in more than 100 countries.\nThe group distributes a diverse range of automotive products such as tyres, alloy wheels, energy solutions, and other products to more than 5,000 customers globally.\nFor the first half of 2024 (1H 2024), YHI’s sales rose 6.5% year on year to S$198.6 million.\nGross profit improved by 16.7% year on year to S$52.5 million but higher administrative and distribution expenses caused net profit to inch up just 3.2% year on year to S$7.7 million.\nThe business generated a positive free cash flow of S$7.6 million, though this was 63% lower than the S$20.9 million churned out in 1H 2023.\nManagement warned that the Israel-Hamas conflict has disrupted supply chains, causing escalating ocean freight costs.\nGlobal economic uncertainties, coupled with increasing trade tensions from China, will result in a subdued and challenging second half of 2024 (2H 2024).\nA mitigating factor is the group’s distribution business which should stay resilient and contribute positively to 2H 2024’s results.\nYHI intends to strengthen its distribution networks with a focus on growing its energy solutions business across different markets.\nSim Leisure Group (SGX: URR)\nSim Leisure Group, or SLG, is a designer, developer, and operator of theme parks.\nThe group owns the ESCAPE brand of attractions that includes ESCAPE parks and challenges and operates the Kidzania attractions in both Singapore and Malaysia.\n1H 2024 saw SLG report a sparkling set of earnings as revenue jumped 56.2% year on year to RM 86.8 million.\nGross profit more than doubled year on year from RM 19.8 million to RM 40.3 million as the cost of sales grew less than revenue.\nAfter accounting for higher finance costs, net profit climbed 23.2% year on year to RM 10.9 million.\nEven with capital expenditures more than quadrupling year on year to RM 8.6 million, the business still eked out a positive free cash flow of RM 2.9 million for 1H 2024.\nDuring 1H 2024, SLG launched two new parks – an adventure ESCAPE park on 120-acre land in Tanjung Tualang, Malaysia, in April 2024, and Kidzania at Sentosa Singapore in May 2024.\nThese two new parks should boost the group’s top line and management is confident of positive profit contributions in line with a short gestation period.\nGrand Venture Technology (SGX: JLB)\nGrand Venture Technology, or GVT, is a solutions and services provider for the manufacture of complex precision machining, sheet metal components, and mechatronics modules.\nThe group reported an encouraging set of earnings for 1H 2024 with revenue rising 26.8% year on year to S$68.3 million.\nGross profit improved by 33.2% year on year to S$18 million while net profit increased by 26.6% year on year to S$4.3 million.\nGVT’s three divisions all recorded year-on-year revenue increases, with its largest segment, Semiconductor, seeing progressive improvement from key customers with healthy signs of recovery.\nManagement believes that structural drivers such as artificial intelligence (AI) and the shift towards 2.5D and 3D dynamic random access memory (DRAM) technology will increase chip complexity and drive more equipment demand in the future.\nGVT has guided 2024’s revenue to be between S$148 million to S$154 million, representing a 33.2% to 38.6% year-on-year growth.\nStraco Corporation Limited (SGX: S85)\nStraco Corporation is an owner and operator of tourist attractions in both Singapore and China.\nThe group owns and operates the Shanghai Ocean Aquarium, Underwater World Xiamen, the Lixing cable car service in China and the Singapore Flyer attraction in Singapore.\nFor 1H 2024, Straco reported an 11.9% year-on-year increase in revenue to S$35.9 million, boosted by a 13% year-on-year increase in visitor arrivals in line with the recovery of the tourism industry.\nOperating profit climbed 41.1% year on year to S$15.5 million while net profit surged 64.5% year on year to S$10.5 million.\nThe group maintains a strong balance sheet flush with S$164.8 million of cash with just S$6.5 million of debt as of 30 June 2024.\nFree cash flow inched up slightly from S$11.7 million in 1H 2023 to S$11.8 million for 1H 2024.\nManagement remains cautiously optimistic that domestic tourism will continue to drive its China numbers.\nOver in Singapore, the government will inject S$300 million into the nation’s Tourism Development Fund to help develop and market new tourism products and experiences.\nThis move should be a long-term positive for the tourism sector and should attract higher numbers of visitors in the years to come.\nWe’ve just released a new Special FREE Report: “How to Make Your Child a Millionaire.” It’s a simple, no-nonsense guide for parents who care for their child’s financial future. You’ll also find 3 stocks (one even had a 55.8% jump in dividends) you can consider today to kickstart your child’s “piggy bank.” Click HERE to download now.\nDisclosure: Royston Yang does not own shares in any of the companies mentioned.\n\n\n\nYahoo\n]","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460307531"}