GuocoLand

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Not vested

GuocoLand's Q4 net profit up 79%, FY2011 slips 3% By ANGELA TAN

GuocoLand Limited reported on Friday that its net profit for the fourth quarter ended June 30, 2011 rose 79 per cent to S$93.20 million.

Turnover for the quarter rose 68 per cent to S$278.52 million.

This was mainly due to higher contribution from development projects in Singapore and further revenue recognition from the completion of sale of an office block in Shanghai Guoson Centre.

For the full year ended June 30, 2011, net profit slipped 3 per cent to S$130.22 million, while turnover fell 12 per cent to S$647.26 million.

Profits from development projects in Singapore were higher in the current financial year as compared to the previous year due mainly to progress in the construction of Goodwood Residence and Sophia Residence.

The increase in profit from these Singapore projects was offset by lower profit contribution from development projects in China.

The property group has declared a first and final dividend of 8 cents a share, unchanged from the previous year.

http://www.businesstimes.com.sg/sub/lat ... 60,00.html?

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GUOCOLAND LTD - Property developer GuocoLand said its second quarter net profit fell 67 percent to S$12.9 million from a year ago, hurt by a drop in revenue.


Source: Reuters

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GuocoLand: Net profit of S$162,000 in 3QFY12.

The company reported a net profit of S$162,000 in 3QFY12 compared to a net loss of S$920,000 a year ago.

3QFY12 revenue rose 16% yoy to S$104.5m, due to higher revenue recognised from the group's Singapore residential projects.

Administrative and other general expenses decreased, but finance cost increased S$6.1m to higher borrowings.

9MFY12 net profit was S$198,000, down from S$79.3m in 9MFY11.

This was mainly because revenue from the sale of the group's uncompleted projects in China was not recognised with the adoption of accounting rule FRS 115.

Source: The Business Times

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Six-year Litigation Overhang Removed; Upgrade To BUY

We upgrade GuocoLand to BUY with a raised target of S$2.48 (from S$2.27) as we factor in the RNAV accretion (34 cents/share) from the Beijing Dongzhimen project post the resolution of a long-drawn litigation.

We view this as a key achievement under the new leadership.

Management focus remains on execution as they expect a tough operating environment.

GuocoLand is trading at a deep 35% discount to its RNAV of S$3.30/share.


Source: UOBKH

[winston]

vested

Guocoland Limited 1Q net profit down 67.8%

GUOCO GROUP (00053.HK) announced that its Singaporean listed subsidiary Guocoland Limited has registered a revenue of SGD224 million for the first quarter as of the end of September, down 4.4% yearly;

Meanwhile, the net profit fell 67.8% to SGD26.97 million. No dividend was declared.

Source: AAStocks Financial News

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vested

Time: 4:58PM
Exchange: SGX
Stock: GuocoLand(F17)
Signal: Resistance - Breakout with High Volume
Last Done: $1.77

Source: UOBKH

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vested

Time: 8:58AM
Exchange: SGX
Stock: GuocoLand(F17)
Signal: Bullish MACD Centerline Crossover
Last Done: $1.8

Source: UOBKH

[winston]

vested

Time: 8:58AM
Exchange: SGX
Stock: GuocoLand(F17)
Signal: Bullish MACD Centerline Crossover
Last Done: $1.8

Source: UOBKH

[winston]

vested

GuocoLand, for example, is trading at a 46 per cent discount to its revalued net asset value (RNAV) as at Jan 23.

It has a relatively small float of about 20 per cent.

It is about 68 per cent owned by parent firm Guoco Group.

Source: AmFraser

[winston]

vested

Time: 3:36PM
Exchange: SGX
Stock: GuocoLand(F17)
Signal: Resistance - Breakout with High Volume
Last Done: $1.815

Source: UOBKH