CWT

[kayhian]

http://http://www.straitstimes.com/news/...n-20140514

Logistics firm CWT reported better first-quarter earnings on Wednesday, thanks to better performance from its commodity marketing unit.

Net profit for the three months ended March 31 rose 30 per cent to $35 million year on year.

Revenue for the same period came in at$4.5 billion, trebling from $1.5 billion recorded a year ago.

The firm said its financial services, warehousing and logistics services units also helped to prop up the bottom line.

[Freenasi]

From the numbers tha growth story is still in tact. warehousing and logistics services should sustain the momentum.

Happy vested.

[greengiraffe]

http://www.businesstimes.com.sg/premium/...t-20140609

PUBLISHED JUNE 09, 2014
CWT carves out space in commodities bit by bit

It is now a global trader of base metal concentrates
BYANDREA SOH
sandrea@sph.com.sg @AndreaSohBT
PRINT |EMAIL THIS ARTICLE
BT 20140609 ASCWTYFV9 1123124
Looking ahead: Mr Loi (above) and Mr Kuek; the next stage of development will come from CWT's brokering division Straits Financial, which was recently granted the licence to conduct trading in futures contracts
[SINGAPORE] As the metals sector matures in Singapore, a company here - switching from Swiss to Singapore parentage - has grown in tandem.
MRI Trading has seen its revenue grow five-fold since it was acquired by CWT Limited, known for its warehousing and logistics business, in 2011.
The acquisition, in which CWT paid US$94 million for a 73.8 per cent stake, propelled the mainboard-listed group to become a global trader of base metal concentrates - the raw materials from which metals such as copper, zinc and lead are refined.
Since then, the firm has diversified into new products such as naphtha, and earlier this year, metals such as copper and nickel.

[greengiraffe]

http://www.businesstimes.com.sg/premium/...s-20140808

PUBLISHED AUGUST 08, 2014
Revenue surge swells CWT's Q2 earnings
Group unveils plans for a mega logistics facility
BYMICHELLE QUAH
michquah@sph.com.sg @MichelleQuahBT

MAINBOARD-LISTED logistics group CWT Ltd reported a robust second-quarter performance yesterday, while also unveiling plans to build a new mega logistics facility.
CWT said its net profit attributable to shareholders for the three months ended June 30, 2014 jumped 67 per cent from the year-ago period to S$30.3 million. This was on the back of a 114 per cent year-on-year surge in revenue to S$3.69 billion for the quarter.
The group's earnings per share for the quarter were 5.04 Singapore cents, up from 3.02 cents the year before.
For the half-year ended June 30, CWT's net profit was up 45 per cent at S$65.2 million, while its revenue grew 157 per cent to S$8.23 billion.

[kayhian]

SINGAPORE, October 17, 2014 CWT Limited today announced that it has been selected by leading independent market research firm Frost & Sullivan as the award recipient for its 2014 Asia Pacific Regional Logistics Service Provider of the Year, one of the award categories under Frost & Sullivan Asia Pacific Best Practices Awards. Prior to this, CWT had been named Singapore Domestic Logistics Service Provider of the Year by Frost & Sullivan for 2013 and 2011.

"Our business is about connecting world trade," said CWT Group CEO Loi Pok Yen. "The award recognises our hard work in the region and underpins our ability to leverage our logistics capabilities, network and scale to add value for customers."

CWT was selected based on the strength of its financial performance, geographical market reach, breadth of service offerings and pipeline strategy. It also best fits the award representation as a domestic grown business with excellent growth within Asia Pacific and the ability to address the diverse business needs in the evolving logistics industry.

"CWT Limited has made a significant mark in the Asia Pacific region for their exceptional performance in the past year by recording a best-in-class revenue performance in this category," commented Zainal Izham, Frost & Sullivan s research analyst for Transport & Logistics Practice, Asia Pacific. "Their global achievement from recent business growth has catapulted CWT to greater success in a competitive market. Their geographical expansion signifies their intention to develop the business with greater outreach to regional markets. It is undeniable that CWT has held a resilient business model and prepared the company to thrive in the industry."

More details on the 2014 Frost & Sullivan Asia Pacific Best Practices Awards can be found on http://www.apacbp-awards.com.

[greengiraffe]

http://infopub.sgx.com/FileOpen/CWT_3Q20...eID=323113

2 Angmo boys pointing North-Eastwards...

Highlights:
• Commodity Marketing remained the key revenue driver.
• 3Q2014 profit growth derived from strong earnings from Commodity
Marketing, Financial Services and Logistics services.

[yewkim]

I sold 174 recently for some 2.5K profit. I think time to get back in. I target this counter at 2.0. wish me luck.

[kayhian]

CWT: Bottom-line boosted by commodity marketing.

Commodity logistics operator CWT Ltd saw a 70% surge in 3Q14 net profit from higher revenue in its commodity marketing segment. It also updated that space in its Singapore Wine Vault is nearly 100% taken up.

(Source: The Business Times)

[grubb]

Does anybody know where I can find a list of CWT's properties? As in under CWT and not under Cache Logistics.

[Shrivathsa]

CWT dropping 6% today, 4 million shares volume, cannot find any news release. Does any VB have an idea why?