Nanofilm Technologies 1H2025 Results: 30% Revenue Growth, S$95m Cash Balance, Interim Dividend of 0.33₵ per Share Announced

Medtecs International 1H2025 Financial Results: Revenue Up 42.7%

HRnetGroup 1H2025 Financial Results: S$21.7m Cash to Shareholders, 67% Dividend Payout, Strong Balance Sheet & Industry-Leading Growth

Pan-United Corporation Ltd 1H 2025 Results: 11% Profit Growth, S$0.01 Interim Dividend Announced, Revenue Up 4%

Thakral Corporation 1H2025 Results: Net Profit Surges 912%, 3 Cent Dividend Announced, GemLife IPO Drives Growth. Australia’s largest IPO of 2025 (A\$1.67bn market cap). Thakral raised A\$750m and now holds a 16.8% post-IPO stake. The gain from revaluation at IPO price accounted for most of the profit surge.

AEM’s revenue for 1H2025 reached S\$190.3 million, a 10% increase compared to 1H2024. The growth was driven primarily by Test Cell Solutions (TCS), which contributed S\$118.6 million, accounting for 62% of total revenue.

Food Empire Achieves Record 1H2025 Revenue & Profit, Declares First-Ever Interim Dividend of 3.0 Singapore Cents per Share

Geo Energy Resources 1H2025 Financial Results: Revenue Up 71%, Net Profit Surges 76%, Interim Dividend of 0.10 SG Cent

Atlantic Navigation Holdings Reports Strong 1H2025 Results After Fleet Disposal, Achieves 93% Revenue Growth and Debt-Free Status

Keong Hong Holdings Limited 9MFY2025 Results: Returns to Profitability

For more market updates:

https://www.minichart.com.sg/category/sgx-financial-statements/

🏢 Earnings Wave: REITs, Gold Miners, Industrials, Property Giants and Market Operators Post Mixed 1H2025 Results

SGX:BTOU.SI:Manulife US Real Estate Investment Trust

Manulife US REIT reported a 29.5% y-o-y drop in net property income to US$30.2M for 1HFY2025, with gross revenue down 30.4% to US$60.4M due to the absence of contributions from three divested assets. Income available for distribution fell 34.7% to US$14.9M. Portfolio occupancy held at 68.4% on a same-store basis, with 125,000 sq ft of leases signed at an average 10% negative rent reversion, though 80% were above market rates. MUST has divested US$270M in assets to cut debt, improving leverage to 57.4% and repaying all 2025 debt.

SGX:5TP.SI:CNMC Goldmine Holdings

CNMC Goldmine posted record 1HFY2025 earnings of US$15.8M (+256.1% y-o-y) on revenue of US$52.8M (+78% y-o-y), driven by higher production (11,811 oz, +26%) and a 41.1% rise in average selling price to US$3,197/oz. The company declared a 1.5 cent dividend, up from 0.4 cent. CEO Chris Lim said results “far exceeded” expectations.

SGX:S63.SI:Singapore Technologies Engineering

ST Engineering delivered a 19.7% y-o-y rise in earnings to $402.8M for 1HFY2025, with revenue up 7.2% to $5.92B. Commercial aerospace grew 5% to $2.35B, defence & public security rose 12% to $2.65B, and urban solutions was flat at $921M but with better margins. New orders reached $9.1B, taking the order book to $31.2B. Interim dividend of 4 cents declared.

SGX:U14.SI:UOL Group

UOL Group posted a 45% y-o-y rise in operating patmi to $206.6M in 1HFY2025, with total patmi up 58% to $205.5M, aided by the disposal of PARKROYAL Yangon. Revenue rose 22% to $1.55B on strong property development sales, led by Pinetree Hill, Watten House and MEYER BLUE.

SGX:M44U.SI:Mapletree Logistics Trust

Mapletree Logistics Trust will divest its Victoria, Australia property for A$60M, 7.1% above valuation. The sale, due 3QFY2025/2026, is not expected to impact NAV or NPI. Post-sale, MLT’s portfolio will have 174 properties.

SGX:JLB.SI:Grand Venture Technology

Grand Venture Technology saw 1HFY2025 net profit fall 26.8% y-o-y to $3.15M despite revenue jumping 37.9% to $94.2M on stronger semiconductor and life sciences demand. Higher finance costs, forex losses and lower tax incentives weighed on earnings.

SGX:544.SI:CSE Global

CSE Global reported 1HFY2025 earnings up 8.5% y-o-y to $16.3M, with revenue rising 2.8% to $440.9M. The order book reached $573.8M. Interim dividend of 1.14 cents declared.

SGX:C52.SI:ComfortDelGro

ComfortDelGro posted a 11.2% y-o-y rise in earnings to $106M for 1HFY2025 on revenue up 14.4% to $2.42B. Overseas revenue surpassed 50% of total for the first time, boosted by acquisitions such as Addison Lee, CMAC and A2B. Interim dividend of 3.91 cents declared. The group is advancing AV and AI investments, and bidding for major transport contracts in the UK, Europe and Australia.

SGX:S68.SI:Singapore Exchange

SGX’s record FY2025 results have split analyst opinions. Shares fell ~3% post-results despite a proposed DPS increase of 0.25 cents each quarter from FY2026–FY2028. Target prices range from $14.50 (Morningstar) to $18.20 (DBS). Bulls cite its multi-asset portfolio strength, IPO pipeline and MAS equity market initiatives, while others note current valuations are high after a strong run-up.

🏆 SATS, CapitaLand Trusts Lead 2025 Governance Rankings; CDL, CDLHT Slip in SGTI Shake-Up

SGX:S58.SI:SATS

SATS retained its top position in the Singapore Governance and Transparency Index (SGTI) general category, reaffirming its leadership in corporate governance among Singapore-listed companies.

SGX:HMN.SI:CapitaLand Ascott Trust

CapitaLand Ascott Trust (CLAS) topped the REIT and business trust category in SGTI 2025, leading a strong showing for CapitaLand-linked entities.

SGX:C09.SI:City Developments Limited

City Developments Limited (CDL) dropped out of the general category’s top 10 this year, after ranking second in 2024.

SGX:J85.SI:CDL Hospitality Trusts

CDL Hospitality Trusts (CDLHT) fell out of the REIT and business trust category’s top five, down from second place last year.

SGX:BN4.SI:Keppel Corporation

Keppel Corporation rose two spots to second place in the general category rankings.

SGX:Z74.SI:Singapore Telecommunications

Singapore Telecommunications (Singtel) climbed one spot to take third place in the general category.

SGX:C07.SI:Jardine Cycle & Carriage

Jardine Cycle & Carriage secured the fourth position in the general category rankings.

SGX:D05.SI:DBS Group Holdings

DBS Group Holdings ranked fifth in the general category, maintaining a strong governance performance.

SGX:U11.SI:United Overseas Bank

United Overseas Bank (UOB) fell from third place last year to seventh in the latest general category standings.

SGX:A17U.SI:CapitaLand Ascendas REIT

CapitaLand Ascendas REIT (CLAR) placed second in the REIT and business trust category, behind CLAS.

SGX:C38U.SI:CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust (CICT) took third place in the REIT and business trust category.

SGX:CJLU.SI:NetLink NBN Trust

NetLink NBN Trust secured fourth place in the REIT and business trust category.

SGX:STEU.SI:Stoneweg Europe Stapled Trust

Stoneweg Europe Stapled Trust, formerly Stoneweg European REIT, rounded out the top five in the REIT and business trust rankings.

📡 StarHub Misses M1 Buyout but May Gain from Simba’s Integration Struggles

SGX:CC3.SI:StarHub

StarHub’s share price fell 6.6% on Aug 11 after failing to acquire M1, whose S$1.4B consumer business was sold to Simba. Analysts suggest StarHub could instead seize the chance to lure M1 customers during Simba’s integration phase, leveraging its deeper pockets and similar target audience.

SGX:BN4.SI:Keppel Corporation

Keppel, which retains M1’s enterprise segment, has grown that revenue from S$245M in H1 2024 to S$335M in H1 2025, while consumer revenue slipped from S$348M to S$337M. The focus shift to enterprise under Keppel has left M1’s consumer arm facing intense competition and slim margins.

SGX:Z74.SI:Singapore Telecommunications

Singtel could also target M1’s customer base during the transition, potentially capitalising on churn if Simba’s low-cost model alienates customers seeking more physical service presence.

M1 (Unlisted)

M1’s sale gives Simba a revenue share boost from 6% to 24%, rivaling StarHub’s 23%. However, the integration of M1’s larger workforce and infrastructure may dilute Simba’s culture and pose customer retention risks.

Simba (Unlisted)

Simba, recently profitable as of H1 FY2025, is funding the M1 deal through a share placement and bank loan. Analysts warn that as a smaller player absorbing a larger one, Simba may face operational and cultural hurdles, leaving it exposed to competitor advances during the integration period.

🎰 Genting Singapore’s 2025 Slump: Analysts Cut Targets but Keep Faith in RWS 2.0 Revival

SGX:G13.SI:Genting Singapore

Genting Singapore’s shares have inched up less than 0.1% year-to-date, making it the sixth worst performer in the Straits Times Index despite earlier predictions of a rebound. H1 2025 results disappointed, with revenue down 10.4% y-o-y to S$1.21B and net profit falling 34.2% to S$234.7M. Adjusted Ebitda dropped 25.8% to S$423.7M, with Q2 revenue sliding 6.1% q-o-q to S$588.3M and Ebitda down 20.3% to S$187.9M.

Analysts blamed ongoing RWS 2.0 construction works for deterring visitors and hurting mass gaming, benefiting rival Marina Bay Sands. New attractions — including the Weave mall, Singapore Oceanarium, and The Laurus hotel — are expected to lift performance from H2 2025.

Despite cuts, CGS International maintained its “add” rating with a reduced target price of S$0.835. OCBC Investment Research kept a “buy” call, lowering its target to S$0.96, while Maybank trimmed its target to S$1.00, citing temporary disruption. The stock closed at S$0.735 on Aug 12, with a 5.4% yield based on 2024 payouts. Ex-dividend for its S$0.02 interim dividend is set for Aug 27.

💥 Malaysia Corporate Roundup: Losses, Gains, and Strategic Moves Shape 2QFY2025

KL:PCHEM:Petronas Chemicals Group Bhd

Petronas Chemicals posted its largest quarterly loss since listing, with 2QFY2025 net loss at RM1.08B versus RM777M profit a year earlier. Revenue dropped 16% to RM6.44B on weaker product spreads, forex losses, asset impairments, and lower sales volumes. A first interim dividend of three sen per share will be paid on Sept 10.

KL:MRDIY:Mr DIY Group (M) Bhd

Mr DIY’s 2QFY2025 net profit rose 2.17% y-o-y to RM158.58M, supported by higher revenue of RM1.214B (+1.5%) from new store openings. The group added 31 outlets and declared an interim dividend of 1.5 sen per share, payable Sept 8.

KL:VSTECS:VSTECS Bhd

VSTECS saw 2QFY2025 net profit jump 32% y-o-y to RM20.17M as revenue surged 31.1% to RM818.87M, driven by strong sales in ICT distribution, enterprise systems, and ICT services.

KL:MASTER:Master-Pack Bhd

Master-Pack’s 2QFY2025 net profit plunged 74% y-o-y to RM1.6M on margin pressure from price cuts and forex losses. Revenue fell 31.16% to RM27.8M.

KL:EMETALL:Eonmetall Group Bhd

Eonmetall recorded a RM4.11M net loss in 2QFY2025, reversing from RM702,000 profit last year, due to lower margins, higher raw material costs, and increased overheads. Revenue rose 15.51% to RM41.23M from better machinery, equipment, and steel segment contributions.

KL:RCECAP:RCE Capital Bhd

RCE Capital’s 1QFY2026 net profit fell 14.3% y-o-y to RM25.99M on higher impairment allowances, though revenue inched up to RM79.79M on greater fee income from loan disbursements.

KL:YINSON:Yinson Holdings Bhd

Yinson began operations of its largest FPSO, Agogo FPSO, under a 15-year charter with Azule Energy worth over RM21B. It received provisional operational readiness on Aug 12.

KL:IRIS:Iris Corporation Bhd

Iris Corp lost its appeal against a High Court decision to dismiss its suit against nine former directors over losses from a UK share subscription. The Court of Appeal ordered RM40,000 in legal costs to each of five sets of solicitors.

KL:AVANGAAD:Avangaad Bhd

Avangaad, formerly EA Technique, will sell its FSO vessel FOIS Nautica Tembikai for US$10.5M (RM44.5M), booking a RM29.4M gain. The buyer is MTC Energy Sdn Bhd, a unit of MTC Engineering.

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