First Sponsor Group

SINGAPORE (July 31): DBS is maintaining its “buy” call on First Sponsor Group with a target price of $1.62.

SINGAPORE (July 27): First Sponsor Group, the mixed property developer in the Netherlands and China, reported 2Q18 earnings of $12.1 million. This brings 1H18 earnings to $29.2 million, up 23.7% from last year.

SINGAPORE (July 24): DBS Group Research is initiating coverage on First Sponsor Group with “buy” call and a target price of $1.62 on the back of potential post-Brexit relocation to the Netherlands.

SINGAPORE (June 11): First Sponsor Group’s 31.4%-owned associated company, Queens Bilderberg (Nederland), is selling Landgoed Lauswolt for approximately $10.8 million.

SINGAPORE (May 30): First Sponsor's indirect wholly-owned subsidiary, Chengdu Gaeronic Real Estate, has agreed to sell a portion of its Chengdu Cityspring project for a consideration of RMB465 million ($97.5 million).

SINGAPORE (May 24): Less than four years after its public offering as a play on China’s red-hot property market, Singapore’s First Sponsor Group is banking on continental Europe to fuel earnings growth.

SINGAPORE (Apr 25): First Sponsor Group, the mixed property developer in the Netherlands and China, announced 1Q18 earnings increased by 20.3% to $17.1 million, compared to $14.2 million in 1Q17.

SINGAPORE (Feb 8): First Sponsor property group reported a 41.5% fall in 4Q17 earnings to $42.7 million from $72.9 million a year ago.

SINGAPORE (Dec 26): First Sponsor Group has entered into a sale and purchase agreement for the proposed acquisition of the majority apartment rights of a mixed use office building in Amsterdam, the Netherlands, for 55.5 million euros ($88.6 million).

SINGAPORE (Oct 25): Property developer First Sponsor Group posted a 13.9% increase in earnings to $22 million for the 3Q ended September, from $19.3 million a year ago.