hospitality business

CGS-CIMB bullish on Frasers Property Limited despite Covid-19 hospitality headwinds - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB bullish on Frasers Property Limited despite Covid-19 hospitality headwinds

FPL plans to launch Fernvale Lane executive condominium in 4QFY2021 and redevelop Bedok Point into a residential project.
Investors need to check out of Airbnb - THE EDGE SINGAPORE

Sharing Economy

Investors need to check out of Airbnb

Airbnb's value doubled on its opening day last month. At US$100b, it is worth more than the Hilton, Marriot and Hyatt combined.

Results

Far East Orchard's 1Q earnings dive 74% to $0.9 mil as hospitality business takes hit from Covid-19

Although the group is expecting its FY2020 results to be “severely impacted” as the pandemic rages on, the board will be tabling its previously announced FY2019 dividend of 6 cents per share at the upcoming AGM.
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