Earnings Season | AA Jumps on 100% EPS Beat; Parkway Dips as NPI Decreases!

Tiger_Earnings
10-17

1. $Alcoa(AA)$ jumped 5% in premarket trading after it reported a strong third quarter with increased aluminum production for the eighth consecutive quarter.

Alcoa's reported third-quarter EPS beat the analyst estimate by approximately 103.57%.

Q3 EPS of $0.57, $0.29 better than the analyst estimate of $0.28.

Revenue for the quarter came in at $2.9B versus the consensus estimate of $2.97B. Third-party revenue decreased in the aluminum segment due to lower shipments.

2. $ParkwayLife Reit(C2PU.SI)$ closed 0.75% down after its earnings missed estimates.

Net Property Income (NPI) decreased by 2.1% yoy to $102.4 million in Q3 2024.

Gross revenue fell by 2.2% YoY to $108.5 million for the quarter, attributed to the depreciation of the Japanese Yen.

Contributions from a nursing home acquired in August 2024 and two more in October 2024 helped mitigate the negative impact of the Yen's depreciation.

Distribution Per Unit (DPU) increased by 2.8% YoY to $0.1130 year-to-date, with Q3 DPU to be distributed as part of H2 2024 distribution.

SG Earnings: Is Mapletree PanAsia a Buy After 5% Drop?
Mapletree Pan Asia Commercial Trust's units fell sharply as weak second-quarter results and a revaluation of its Japan properties weighed on investor sentiment. Keppel Corporation reported a 14% increase in recurring income for the first nine months of 2024, driven by strong performance in asset management and operating income. Keppel REIT and Mapletree Logistics Trust's fell as distributable income drop, primarily caused by higher borrowing costs and lower divestment gains. ------------- At what price would you buy them?
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  • KSR
    10-18
    KSR
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