Pan Hong

Pan Hong

Postby winston » Wed Jan 14, 2009 10:42 am

BROKER CALL - Singapore-listd Pan Hong 'neutral' after new project results - DMG

SHANGHAI (XFN-ASIA) - DMG said it kept its "neutral" rating on Singapore-listed Pan Hong Property Group after the developer announced results from a new project. The company said it attained a take up rate of 23.5 pct for its Hangzhou Liyang Yuan 226-unit residential project. A total of 53 units were sold at an average selling prices of 9,500 yuan per square meter, according to DMG. The brokerage said the take up indicates that the Chinese property market remains tepid.

"From our view, if take-up does not improve, Pan Hong could be more open to lowering its initial average selling prices," DMG said in a note to clients today. However, DMG noted that margins should still remain attractive at above 20 pct even if prices are slashed given the low acquisition cost of the Hangzhou project. The brokerage also said that it expects the recent loosening of property rules in Shanghai to filter down to lower tier cities in the near term, helping to possibly improve China's home prices by the third or fourth quarter. DMG also kept its

0.25 sgd fair value target on the company. Shares of Pan Hong were unchanged at 0.185 sgd in early trade
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Re: Pan Hong

Postby millionairemind » Thu Jan 22, 2009 7:53 pm

Pan Hong's mgt to take 10-20% pay cut, chairman to forgo 3 mths pay
By ANGELA TAN

China property developer, Pan Hong Property Group Limited, on Thursday said its management has unanimously agreed to a 10 to 20 per cent cut in their annual salaries for the year 2008.

Pan Hong said its executive chairman, Wong Lam Ping, has chosen to give up his salary for three months from January 2009 to March 2009.

'The management will continue to assess business conditions and the group's financial performance to decide if a similar exercise has to be implemented for 2009,' the company said.

It said it does not see a need to trim its headcount.

' However, we are implementing hiring and wage freezes as part of our overall cost control measures.'
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Re: Pan Hong

Postby winston » Mon Jan 18, 2010 9:15 am

Singapore Hot Stocks- DMG raises Pan Hong's target price

SINGAPORE, Jan 18 (Reuters) - Following is a list of stock price target changes and rating changes.

COMPANY RIC BROKER RATING (PVS) TARGET PRICE (PVS) Pan Hong Grp DMG Buy (Buy) S$0.85 (S$0.77) STATEMENT: Reiterate BUY at new fair value of S$0.85, a 10 percent premium to end-FY10 revalued net asset value (RNAV).

Pan Hong's new acquisition in Nanchang has boosted its landbank (undeveloped and launch-ready) to a sizeable unsold GFA of 3.7 million square-meter. We continue to view favourably its 100 percent RNAV exposure to China's less policy-sensitive lower tier cities, as well as management's proven ability to secure low-cost sites.

Our new RNAV of S$0.77 (previously S$0.65) factors in the new site, with the imputed 10 percent premium for TP (previously at parity) attributable to an upcycle period and Pan Hong's improved liquidity.
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Re: Pan Hong

Postby winston » Tue Nov 29, 2011 8:31 am

not vested. Selling not Buying ?

Developer Pan Hong Property Group said its subsidiary has agreed to sell six parcels of land in Huzhou City, China, for 234.4 million yuan.

Source: Reuters
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Re: Pan Hong

Postby behappyalways » Wed Dec 06, 2017 8:11 pm

pan-hongs-3q-earnings-more-sevenfold-205-mil-higher-profit-margins
https://www.theedgesingapore.com/pan-ho ... it-margins
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Re: Pan Hong

Postby behappyalways » Wed Jun 20, 2018 4:01 pm

Pan Hong's FY18 earnings halved to $5.2 mil on lower revenue & margins
https://www.theedgesingapore.com/pan-ho ... ue-margins
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Re: Pan Hong

Postby behappyalways » Sat Jun 22, 2019 3:00 pm

Pan Hong acquires Zhejiang land for $54.4 mil for residential use
https://www.theedgesingapore.com/news/p ... ential-use
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Re: Pan Hong

Postby behappyalways » Sun Aug 18, 2019 2:03 pm

Pan Hong swings back into the black with 1Q earnings of $21 mil
https://www.theedgesingapore.com/capita ... ngs-21-mil
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Re: Pan Hong

Postby behappyalways » Fri May 29, 2020 4:12 pm

Pan Hong's FY20 earnings surge 107.4% to $22.5 mil on higher revenue and lower finance costs
https://www.theedgesingapore.com/capita ... ance-costs
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Re: Pan Hong

Postby behappyalways » Sun May 14, 2023 11:30 am

Pan Hong expects loss after tax for FY2023 in profit guidance
https://www.theedgesingapore.com/capita ... t-guidance
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