Welcome!
property developer
Results
Hatten Land sinks into the red on RTO-related expenses
SINGAPORE (May 11): Hatten Land, the property development arm of Malaysian conglomerate Hatten Group, reversed to a loss of RM74.2 million ($24.1 million) for the third quarter ended March 31, compared to its RM5.6 million of earnings posted in the same q
May 11, 2017
Results
GSH Corp sinks into 1Q loss of $1.35 mil on lower revenue & higher expenses
SINGAPORE (May 5): Property developer GSH Corp sunk into losses of $1.35 million for the first quarter ended March, versus a profit of $2.8 million posted in the same quarter a year ago.
May 05, 2017
Broker's Calls
A closer look at an uncontested winner among Singapore’s developers
SINGAPORE (March 31): CIMB Research is reiterating its “add” recommendation on property developer UOL Group, which remains the research house’s top pick among Singapore developers with an unchanged target price of $7.96.
March 31, 2017
CapitaLand may be rising, but here’s why it is still not time to ‘buy’
SINGAPORE (March 1): RHB is remaining “neutral” on CapitaLand while raising its target price to $3.60 from $3.15 previously, as it expects limited upside on the stock following the run-up in its share price, which has increased by about 20% in the yea
March 01, 2017
Broker's Calls
Stable outlook for Ho Bee Land, but returns likely to remain low
SINGAPORE (Feb 28): Maybank Kim Eng is maintaining its “hold” call on Ho Bee Land despite raising its target price on the stock to $2.47 from $2.13 previously, after rolling forward valuations to FY16 and incorporating the property developer’s recen
February 28, 2017
Broker's Calls
One developer is set to ride improving residential sentiment
SINGAPORE (Feb 27): Maybank Kim Eng Research continues to rate UOL Group Limited at “buy”, mainly for the property developer’s “strong execution with quick inventory turnover stemming from the right pricing strategy” following the release of its
February 27, 2017
Oxley grants IHC convertible loan facility of up to $50 mil
SINGAPORE (Feb 10): Property developer Oxley Holdings, together with CEO Ching Chiat Kwong and deputy CEO Low Chee Sing, have entered into an agreement to grant a convertible loan facility to medical group International Healthway Corporation (IHC) for the
February 10, 2017
Results
KSH Holdings sees 2Q earnings fall 65.5% to $8 mil on absence of one-off gain
SINGAPORE (Nov 14): KSH Holdings has posted 2Q17 earnings of $8 million, down 65.5% from $23.2 million a year ago, mainly due to the absence of share of results of associates booked in the previous year.
November 14, 2016
Results
GSH’s 3Q earnings fall 98% to $0.1 mil
SINGAPORE (Nov 4): GSH Corp posted a 98.4% fall in 3Q earnings to $0.1 million from $6.5 million a year ago on lower income and fair value loss on a financial derivative product.
November 04, 2016
Results
Top Global swings to a loss of $126,000 in 3Q
SINGAPORE (Oct 31): Property developer Top Global sunk to a loss of $126,000 in 3Q16 from earnings of $984,000 a year ago.
October 31, 2016