property development

Broker's Calls

Share swap deal to have positive impact on UOL Group

SINGAPORE (June 27): OCBC Investment Research and CIMB Research are positive on news of UOL group’s share swap deal with Haw Par Corp, through which UOL will issue 27.3 million new shares in exchange for 60 million UIC shares owned by Haw Par.

Results

CityDev’s FY16 earnings fall 15.5% to $653.2 mil

SINGAPORE (Feb 23): City Developments Limited (CDL) reported FY16 earnings of $653.2 million, which represents a 15.5% decline from the $773.4 million posted for FY15.

KSH Holdings’ indirect JVco amends business activities; increases share capital

SINGAPORE (Jan 6): KSH Holdings announced on Friday that its indirect 22.5% owned joint venture company, Sino-Singapore KAP Construction Co has amended the scope of its business activities.

Global Yellow Pages given nod by district council to go ahead with NZ development

SINGAPORE (Dec 27): Global Yellow Pages has been given the council go-ahead for its development project in New Zealand.
Singapore eDevelopment (SeD) logo

Singapore eDevelopment to diversify into biomedical business

SINGAPORE (Dec 12): Singapore eDevelopment (SeD) on Monday said it is planning to diversify into the biomedical business.

Results

United Engineers’ 3Q earnings up 10% to $11.6 million from continuing operations

SINGAPORE (Nov 11): United Engineers reported a 10% on-year rise in 3Q16 earnings to $11.6 million from continuing operations after the disposal of Multi-Fineline Electronix and its subsidiaries, driven by the surge in other income.

Results

Wheelock Properties’ 3Q earnings more than double to $28 million on higher sales

SINGAPORE (Nov 11): Wheelock Properties reported 3Q16 earnings more than doubled to $28.3  million from a year ago, driven by higher sales.

Results

OKP’s 3Q earnings double to $2 mil on higher revenue

SINGAPORE (Nov 8): OKP Holdings, the infrastructure and civil engineering company, has posted $2 million of earnings for 3Q16, double the $1 million of net profit recorded in the previous year.   

Results

Tiong Seng’s 3Q earnings fall 30% to $1.9 mil on lower revenue

SINGAPORE (Nov 2): Singapore contractor Tiong Seng Holdings posted a fall in earnings for 3Q16 to $1.88 million, 30% down from $2.67 million in the same period the year before.

Results

Roxy-Pacific posts 39% fall in 3Q earnings to $8.1 mil

SINGAPORE (Oct 28): Roxy-Pacific saw 3Q earnings tumble 39% to $8.1 million from a year ago as cost of sales outstripped revenue growth.
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