GuocoLand

GuocoLand's 'twin engines' of growth - THE EDGE SINGAPORE

Billion Dollar Club 2023

GuocoLand's 'twin engines' of growth

Emerging from the pandemic, GuocoLand appears to defy the worries of many market-watchers.
GuocoLand reports 60% rise in revenue for FY2023, but 44% fall in net profit  - THE EDGE SINGAPORE

Results

GuocoLand reports 60% rise in revenue for FY2023, but 44% fall in net profit

GuocoLand reports 60% y-o-y growth in revenue in FY2023, but 44% decline in net profit on impairment and higher interest cost

Broker's Calls

DBS prefers CDL and Guocoland, citing strong interest for recent projects

We can sense the continued interest, 'vibe' and 'excitement' amongst buyers
GuocoLand secures $974 mil green facility to refinance Guoco Tower, launches green finance framework - THE EDGE SINGAPORE

Environmental, Social and Governance

GuocoLand secures $974 mil green facility to refinance Guoco Tower, launches green finance framework

This is GuocoLand’s largest green facility to date. GuocoLand has secured more than $2.4 billion of green financing to date.

Results

GuocoLand reports 1HFY2023 earnings of $59 million

"Despite the multiple headwinds, GuocoLand has been able to increase our revenue and profits and deliver a robust set of results."

Broker's Calls

DBS explains what higher interest rates spell for banks and developers CDL, UOL, Guocoland

Households could potentially face $1,000 per month higher mortgage payments on the new rates once loans are refinanced.
Gaining an investment foothold - THE EDGE SINGAPORE

Property

Gaining an investment foothold

GuocoLand, traditionally a developer of residences, has progressively pivoted towards investment properties
Analysts identify CDL as their top picks amid the strong new launch sales momentum in Singapore’s residential sector - THE EDGE SINGAPORE

Broker's Calls

Analysts identify CDL as their top picks amid the strong new launch sales momentum in Singapore’s residential sector

DBS analysts have also pegged GuocoLand as one of their top sector picks.
Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International

Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International
GuocoLand group CFO resigns, GuocoLand Singapore CFO Andrew Chew appointed as replacement - THE EDGE SINGAPORE

New appointments

GuocoLand group CFO resigns, GuocoLand Singapore CFO Andrew Chew appointed as replacement

Andrew Chew's appointment as group CFO will take effect on Jan 1, 2022.
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