LHN

LHN reports higher FY2024 earnings on fair value gains and better operations - THE EDGE SINGAPORE

Results

LHN reports higher FY2024 earnings on fair value gains and better operations (update)

LHN plans to pay a total dividend of 3 cents for whole of FY2024

Broker's Calls

Stable operations at Coliwoo, Maybank maintains ‘buy’ on LHN

Coliwoo is supported by incremental demand from more tourists and summer-holiday makers.

Results

LHN posts 23.4% drop in 1HFY2024 earnings to $13.0 mil despite revenue growth

Despite a drop in earnings due to its discontinued logistics business, LHN is upbeat on its outlook.

Company in the news

LHN flags lower earnings for 1HFY2024 on absence of one-off gains

On the other hand, LHN expects higher profit from its co-living business operating under brands such as Coliwoo

Broker's Calls

LHN wins two new projects; Maybank keeps 'buy' for now

LHN has 6 upcoming projects, including the Ministry of Health hostel for 700 nursing professionals.
LHN wins tender for 260 Upper Bukit Timah Road - THE EDGE SINGAPORE

Property

LHN wins tender for 260 Upper Bukit Timah Road

The property will open by June 2025
Maybank cuts target price for LHN to 45 cents from 54 cents - THE EDGE SINGAPORE

Broker's Calls

Maybank cuts target price for LHN to 45 cents from 54 cents

The company plans to pay out a final dividend of one cent, plus a special dividend of another cent

Broker's Calls

DBS keeps 'buy' call on ESR-LOGOS REIT following sale of Tuas property at above valuation

'Overall, we see this as a positive for EREIT as they continue to carry out their portfolio rejuvenation and repositioning'

Broker's Calls

Maybank keeps 'buy' call on LHN, which is 'firing on all cylinders'

The analysts' target price of 54 cents is based on 8x forward earnings
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