Earnings
Asia: Markets mixed as traders assess latest rally, eye data and earnings
MARKETS were mixed in Asia on Wednesday following a negative day on Wall Street as observers warn the latest equities rally may have run out of steam, with investors...
Sumitomo Life Insurance forecasts higher overseas earnings
SUMITOMO Life Insurance expects to hit a target of earning 100 billion yen (S$891 million) from overseas operations this fiscal year, helped by its acquisition of Singapore Life Holdings....
Deliveroo beats earnings guidance, sees positive cash flow in 2024
BRITISH meal delivery company Deliveroo reported better-than-expected core earnings of £85 million (S$145.1 million) for 2023, and expected further progress during 2024 with a move into positive cash flow....
European shares scale new record highs on upbeat earnings
EUROPEAN shares opened higher to hit another record high on Wednesday (Mar 13), as upbeat corporate updates encouraged market sentiment, while investors awaited industrial production data from the region....
Brokers’ take: Analysts cut DFI Retail Group target on lower earnings forecast
ANALYSTS have shaved their price targets for DFI Retail Group upon trimming their earnings estimates. This came after the group’s core underlying earnings of US$155 million reported last Thursday...
DFI Retail Group posts 437% increase in underlying earnings to US$155m
DFI Retail Group posted underlying earnings of US$154.7 million for the fiscal year ended Dec 31, 2023, up 437 per cent from earnings of US$28.8 million in FY2022. The...
UK ITV’s earnings drop 32% in tough ad market
BRITAIN’S ITV reported a 32 per cent drop in full-year adjusted operating profit to £489 million (S$833 million) on Thursday (Mar 7), reflecting a tough advertising market and investment...
Brokers’ take: Analysts raise Frencken targets after earnings beat forecasts; bullish on recovery
ANALYSTS have raised their target prices on Frencken Group and maintained their “buy” recommendations after the group’s second-half results for 2023 beat expectations. On Tuesday (Feb 27), the semiconductor...
