Bukit Sembawang

2HFY2023 revenue decreased by 15% y-o-y to $76.5 million, while cost of sales increased by 5% to $62.6 million.

Agencies with asset light balance sheets have the upper hand in the short term with cash generation

SINGAPORE (June 20): Maybank Kim Eng is remaining positive on Singapore’s property sector on expectations of the recent home-price rally to continue, with buying opportunities arising from the current share price weakness among developers.

SINGAPORE (Mar 23): Bukit Sembawang's second successful en bloc for the group after laying dormant for almost 10 years is a sign of developers’ overall confidence of the rebound in Singapore home prices for 2018-2019, says DBS Group Research.

SINGAPORE (Mar 20): Maybank Kim Eng is relieved Bukit Sembawang has finally put what it sees as an "overcapitalised" balance sheet to work and acquired its first condominium site in a decade with Katong Park Towers.

SINGAPORE (Feb 22): Maybank Kim Eng is maintaining its "buy" on Bukit Sembawang given it is a proxy for the cyclical upturn in Singapore’s residential market, adding this under-the-radar mid-cap developer is attractively priced against the large

SINGAPORE (Jan 16): Maybank Kim Eng Research is keeping its “positive” rating on Singapore’s real estate sector as property developer stocks are expected to ride on the market’s cyclical upturn.

SINGAPORE (Jan 16): Maybank Kim Eng remains “positive” on Singapore’s property sector while flagging UOL and City Developments (CDL) as the best large-cap proxies as the market continues its cyclical upturn.

SINGAPORE (Aug 22): Luxury residential property developer Bukit Sembawang Estates is moving to unlock value for its shareholders by converting some agricultural land into residential properties. For investors with a longer time horizon, the stock may now