August 30, 2013 1:17 AM
LOWER recognition of revenue on Goodwood Residence condominium and higher costs have nearly halved GuocoLand's fourth-quarter net earnings to $32.2 million from $63 million previously.
In a report published Tuesday, J.P. Morgan analyst John Ivankoe downgraded Brinker (NYSE: EAT) from Overweight to Neutral, but raised the price target from $42.00 to $45.00.
In the report, J.P. Morgan noted, “The company has a stated goal...
October 13, 2012 12:44 AM
PROPERTY developer GuocoLand has returned to black in the first quarter. In the three months to Sept 30, the group made a net profit of $9 million compared to a loss of $12.8 million in the previous corresponding period.
THE Straits Times Index slipped 1.2 per cent to 2,694.60 at the close. All but four stocks fell in the benchmark gauge of 30 companies. The measure fell 2.8 per cent for the week, the fifth decline in six weeks.
These shares were among the most...
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