KSH Holdings

The offer price of $650.0 million was made on Dec 2 by way of a private treaty, and was accepted on Dec 3.

The group will announce its results for the FY2021 on or before May 28.

The project will boost KSH’s order book to over $615 mil.

Property stocks have strengthened, led by UIC initially, then UOL and now Ho Bee Land. Small cap developers could follow.

SINGAPORE (Nov 12): KSH Holdings reported 2Q20 ended Sept earnings of nearly $6 million compared to $1.8 million a year ago amid higher development sales and share of results of associates and joint ventures.

SINGAPORE (June 3): OCBC Investment Research is ceasing coverage on KSH Holdings, citing “reallocation to resources” after the construction group’s latest set of financial results missed expectations on the back of poorer-than-expected margins.

SINGAPORE (May 31): KSH Holdings has announced FY19 earnings of $7.7 million for FY19, down 74.8% from a restated $30.4 million in FY18 after changes to accounting treatment which are in line with International Financial Reporting Standards (IFRS).

SINGAPORE (Apr 26): KSH Holdings announced Friday that wholly–owned subsidiary Kim Seng Heng Engineering Construction has been awarded a construction contract worth more than $55.4 million.

SINGAPORE (April 14): A consortium led by Heeton Holdings has fully acquired LC London, which owns the Crowne Plaza London Kensington hotel in London, UK, for £84.3 million ($148.9 million).

SINGAPORE (Feb 14): KSH Holdings reported 3Q19 earnings declined 35.8% to $6.08 million from $9.47 million in 3Q18.