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These 8 Straits Times Index Constituents Have Delivered Mixed Business Results Recently

The last few weeks have been a busy period for many investors as it was the earnings season.

As the dust settled around the earnings season, a question floated into my head: How did Singapore’s largest companies, the 30 constituents of the Straits Times Index (SGX: ^STI), perform?

So, I decided to create three buckets to house the 30 companies: (1) Those that delivered growth in both revenue and profit, (2) those with mixed results, and (3) those that saw declines in both their top-line and bottom-line.

(It’s worth noting that Hongkong Land Holdings Limited (SGX: H78) and Jardine Matheson Holdings Limited (SGX: J36) are not found in any of the three groups. That’s because both of them only report their results on a half-yearly basis, and so, did not participate in the latest earnings season.)

This article will focus on the second group. To find out more about the first and third group, you can head here and here, respectively.

With that, the following are the eight companies that experienced either (a) higher revenue but lower profit in their latest quarterly earnings, or (b) lower revenue but higher profit. They are presented in no particular order:

  1. Thai Beverage Public Company Limited (SGX: Y92)
  2. Genting Singapore PLC (SGX: G13)
  3. Singapore Technologies Engineering Ltd (SGX: S63)
  4. Ascendas Real Estate Investment Trust (SGX: A17U)
  5. Jardine Cycle & Carriage Ltd (SGX: C09)
  6. UOL Group Limited (SGX: U14)
  7. CapitaLand Mall Trust (SGX: C38U)
  8. ComfortDelGro Corporation Ltd (SGX: C52)

Here’s a table showing how the eight stocks’ latest quarterly revenue and earnings per share numbers have changed compared to a year ago:

blue-chips-with-mixed-results
Source: Stocks’ earnings releases and S&P Global Market Intelligence

Given that (1) only nine of the 30 companies in the Straits Times Index have delivered growth in their latest quarterly earnings, (2) eight of the 30 have delivered a mixed bag of results, and (3) 11 of the 30 have seen both their revenue and profit decline, it’s clear that Singapore’s largest stocks are – in aggregate – facing a tough business environment.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.