Welcome!
First Sponsor Group
Company in the news
First Sponsor Group ups stake in Dutch property firm NSI for $26.6 mil
NSI has a property portfolio of 44 office properties across The Netherlands with a market value of some EUR996 million. About 56% of its portfolio value is in Amsterdam.
15 hours ago
Property
First Sponsor Group consortium buys Sydney’s City Tattersalls Club’s property for A$24.7 mil
The presale launch for the residential apartments are slated to start in early 2025.
July 15, 2024
Property
First Sponsor Group to raise stake in Dutch property firm NSI for $62.5 million
First Sponsor is paying €20 per share for a 10.65% stake in NSI
May 04, 2024
Results
First Sponsor Group reports earnings of $12.5 million for FY2023, down 90.5% y-o-y
First Developer Group will add strength to its balance sheet via infusing new equity funds of $234.6 million.
February 20, 2024
M&A
First Sponsor Group acquires 33% stake in company that owns Allianz Tower in Rotterdam for $7.6 mil
The group also acquired the company’s outstanding shareholder loans for $67.2 million.
September 18, 2023
Insider moves
Kimly buys back shares; First Sponsor director increases personal stake
Kimly's total payout for FY2022 to 1.68 cents per share, equivalent to a payout ratio of 61.4%.
February 23, 2023
Results
First Sponsor Group reports 2HFY2022 earnings of $59.9 mil, 14.1% higher y-o-y
A final cash dividend of 2.70 cents per share has been declared for the period, up from 2.35 cents per share last year.
February 20, 2023
Broker's Calls
PhillipCapital upgrades First Sponsor Group to 'accumulate' on 'positive' property development outlook
A recovery in the Chinese property market and in the group’s China hotel portfolio are catalysts to a higher TP: PhillipCapital.
August 10, 2022
Results
First Sponsor Group reports 3.5% higher 1HFY2022 earnings of $71.3 mil
During the period, the group declared an interim dividend of 1.1 cents, payable on Sept 1.
July 29, 2022
Broker's Calls
PhillipCapital downgrades First Sponsor Group to 'neutral' as China outlook turns cloudy
The downgrade comes as China's slowing property market may affect the group's property development and property financing segments
March 04, 2022