Hotel Properties

Property

HPL redeveloping northwest Orchard Road

DBS Research says redevelopment of northwest Orchard Road by HPL could add $2 to its RNAV of $5.80
Ong Beng Seng's HPL reports $17.2 mil loss for 1HFY2023 - THE EDGE SINGAPORE

Results

Ong Beng Seng's HPL reports $17.2 mil loss for 1HFY2023

As at June 30, HPL's NAV was $3.10, just slightly lower versus it share price. Other developers trade at a bigger discount
Cuscaden scheme receives regulatory approvals from MAS and IMDA - THE EDGE SINGAPORE

M&A

Cuscaden scheme receives regulatory approvals from MAS and IMDA

Cuscaden Peak receives regulatory approvals from MAS and IMDA for change of control ins SPH REIT's manager, and stake in M1

Broker's Calls

Far East Hospitality Trust, Hotel Properties emerge top picks amid regional hospitality rebound

SINGAPORE (June 18): OCBC Investment Research is positive on Singapore’s hospitality sector as it sees a demand-supply situation ripe for revenue per available room (RevPAR) growth.

Results

Hotel Properties reports 68% rise in FY17 earnings to $179.5 mil on higher sales

SINGAPORE (Feb 26): Hotel Properties, which owns the Four Seasons and Hilton hotels in Singapore, reported a 68% rise in FY17 earnings to $179.5 million from $108.6 million a year ago on higher sales and share of results of associates and JVs.

Results

Hotel Properties reports 32% rise in 3Q earnings to $42.2 mil

SINGAPORE (Nov 13): Hotel Properties reported 3Q earnings rose 31.5% to $42.2 million from $32.1 million a year ago.

Results

Hotel Properties posts 23.2% rise in 2Q earnings to $16.3 mil on higher revenue

SINGAPORE (Aug 11): Wheelock-owned Hotel Properties posted earnings of $16.3 million for the 2Q17 ended June, up 23.3% from the $13.2 million reported a year ago on the back of increased revenue over the quarter.

Results

Hotel Properties reports 27% rise in FY16 earnings from gain on disposal

SINGAPORE (Feb 27): Hotel Properties recorded a 27% rise in FY16 earnings to $103.5 million from a year ago.

Stocks To Watch

Wilmar, Noble, SBS Transit, SATS, UOL, Hotel Properties

SINGAPORE (Nov 11): Here are some factors and stocks that could move the market this Friday morning:

Beware headwinds in property sector but also seize the day

SINGAPORE (Sept 21): Despite the resale market remaining vibrant in August, with 750 caveats lodged, OCBC Research is maintaining its “neutral” call on the property sector, citing physical oversupply for 2016 to 2017.
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