Roxy-Pacific Holdings

Property

Roxy-Pacific to sell Sydney CBD office building for $153.4 mil

SINGAPORE (May 4): Roxy-Pacific Holdings says its 50%-owned subsidiary, Feature-Roxy, has entered into a non-binding agreement sell its freehold property at 117 Clarence Street, Sydney, Australia, for A$153 million ($153.4 million).

Broker's Calls

Roxy-Pacific set to gain from a 'flurry of launches' this year, says OCBC

SINGAPORE (Feb 19): OCBC Investment Research is maintaining its “buy” call on Roxy-Pacific Holdings with a higher fair value estimate of 66 cents from 60 cents previously, with a change of the stock’s covering analyst and the fine-tuning of assumpti

Results

Roxy-Pacific's 4Q earnings drop 39% to $7.27 mil; declares final dividend of 0.771 cents

SINGAPORE (Feb 13): Roxy-Pacific announced 4Q17 earnings dropped 39% to $7.27 million, compared to $11.9 million in 4Q16.

M&A

Roxy-Pacific JV acquires Kismis View for $102.8 mil

SINGAPORE (Jan 19): Roxy-Pacific Holdings announced that its wholly-owned subsidiary, RP Ventures, along with joint venture (JV) partner, TE2 Development, is acquiring Kismis View for $102.8 million.

Property

Roxy-Pacific to acquire Derby Court for $73.9 mil

SINGAPORE (Dec 13): Roxy-Pacific Holdings announced that its wholly-owned subsidiary, RH Developments Two, has entered into a conditional agreement to acquire Derby Court for $73.9 million.

Broker's Calls

Roxy-Pacific to benefit from domestic property market upturn: OCBC

SINGAPORE (Dec 7): OCBC Investment Research is upgrading its call on Roxy-Pacific to “buy” from “hold” while raising its fair value on the stock to 60 cents from 52 cents previously.

Property

Roxy-Pacific to acquire Melbourne property for $33.7 mil

SINGAPORE (Dec 1): Roxy-Pacific Holdings’ indirect wholly-owned subsidiary Roxy-Pacific Melbourne House, formerly known as Roxy-Pacific Wentworth, has agreed to acquire a property in Melbourne, Australia for A$33.0 million ($33.7 million).

Broker's Calls

Melbourne acquisition does little to boost estimates for Roxy Pacific

SINGAPORE (Nov 22): OCBC Investment Research is maintaining its “hold” call on Roxy Pacific with an unchanged fair estimate of 52 cents following news of its acquisition of a freehold property in Melbourne, Australia, for A$74.14 million ($76.1 millio

Results

Roxy-Pacific posts 82% decrease in 3Q earnings to $1.5 mil

SINGAPORE (Oct 30): Roxy-Pacific announced earnings for 3Q17 dropped 82% to $1.5 million compared to $8.1 million the same period last year.

Property

Roxy-Pacific acquires Dunearn Court for $36.3 mil

SINGAPORE (Oct 23): Roxy-Pacific Holdings announced that its wholly-owned subsidiary, RH Central, has entered into a conditional agreement to acquire Dunearn Court for a consideration of $36.3 million.
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