GuocoLand Limited

Company in the news

GuocoLand subsidiary prices $200 mil worth of notes due 2027

he notes are expected to be issued on or about Nov 15.
GuocoLand’s FY2024 profit falls 38% y-o-y to $129 mil - THE EDGE SINGAPORE

Results

GuocoLand’s FY2024 profit falls 38% y-o-y to $129 mil

GuocoLand’s board has proposed a first and final one-tier tax exempt ordinary dividend of 6 cents per share, unchanged y-o-y.

Results

GuocoLand reports 1HFY2024 earnings of $66.2 mil, 12% higher y-o-y, as revenue surged by 61%

Earnings per share stood at 5.11 cents, up 15% y-o-y, on a fully diluted basis.

Broker's Calls

Bright spots in property likely to come from ECs, suburban condos in OCR and RCR and resale HDB flats: DBS

The brokerage has named CapitaLand Investment, CDL and GuocoLand as their top picks within the sector.

Property

JV comprising GuocoLand, Hong Leong and CSC Land wins tender of Lentor Central land parcel at bid price of $435.2 mil

The Lentor Central land parcel has a 99-year tenure and is zoned for residential use.
GuocoLand, Frasers Property and Hongkong Land have the highest scores - THE EDGE SINGAPORE

Property

GuocoLand, Frasers Property and Hongkong Land have the highest scores

GuocoLand and Frasers Property are strongly undervalued and could be investment-worthy stocks for investors.

Broker's Calls

DBS sees ‘exciting times ahead’ for GuocoLand, keeps ‘buy’ call

The analysts at DBS have kept their target price unchanged at $2.30.

Environmental, Social and Governance

GuocoLand secures $498.6 mil green facility for Lentor Gardens site development

With the latest facility, the group would have secured over $2.9 billion of green financing to date.
Frasers Centrepoint Trust secures $419 mil green loan from OCBC with carbon credits in tow - THE EDGE SINGAPORE

Environmental, Social and Governance

Frasers Centrepoint Trust secures $419 mil green loan from OCBC with carbon credits in tow

FCT says this is Singapore’s first green financing solution that comprises a green loan and carbon credits.
GuocoLand-led JV wins tender of Lentor Gardens land parcel at bid price of $486.8 mil - THE EDGE SINGAPORE

Property

GuocoLand-led JV wins tender of Lentor Gardens land parcel at bid price of $486.8 mil

The JV plans to build a residential development of about 530 units. It is expected to be ready for launch in 2H2024.
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