1. Net profit improved 13% to S$322 million compared to 1Q09.
2. Earnings per share of 20.2 cents, up 13% from 1Q09’s 17.9 cents.
3. Annualised ROE remained above 20%.
4. Economic Value Added increased from S$211 million to S$240 million.
5. Cash outflow of S$501 million.
6. Net cash decreased from 0.14x to 0.07x.
When “Bad News” Becomes “Good News”
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While Tuesday’s Producer Price Index (PPI) for April came in hotter than
expected (+0.5%), markets took the bad data in stride, perhaps because the
year/ye...
3 hours ago
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