Stamford Land 03 (Feb 11 - Dec 25)

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Wed Mar 11, 2015 4:58 pm

vested

Time: 9:30AM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Crossover
Last Done: $0.56

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Fri Mar 27, 2015 8:06 pm

vested

Time: 3:01PM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.56


Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Fri Mar 27, 2015 8:06 pm

vested

Time: 3:01PM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.56


Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Tue Mar 31, 2015 12:19 pm

vested

Time: 11:48AM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.56

source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Tue May 26, 2015 10:22 am

vested

Stamford Land ($0.59, down 0.5 cent) posted 4Q FY15 net profit of $5.4 mln (+87.5% yoy) underpinned by 80% jump in revenue to $112 mln, lifting full year to Mar’15 sales and profit by 10% to $307mln and $30mln respectively.

Revenue for property development segment was significantly higher due to the disposal of DH site. Relatie to the previous FY, TSRA and TSRRT registered lower sales.

Trading segment revenue also declined in FY15 to $0.5 mln with lower contributions coming from the group’s interior decoration business in the face of intense competition.

Meanwhile, 4Q FY15 revenue for hotel segment was lower, mainly attribbuted to the closure of Stamford Grand North Ryde (SGNR) which made way for the development of Macquarie Park Village (MPV) and a significant decline in AUD of 7.5% QoQ.

Despite the closure of SGNR, we note that it still registered better YTD performances from hotels.

A weaker AUD (which depreciated 3.9% during the year) resulted in overall lower contribution.

For FY15, operating profit for the group’s property development segment improved due to contribution of sale of DH site and higher selling prices achieved for TSRA. Property investment segment registered stable operating profit, with higher rental income off set by weaker AUD.

The closure of SGNR, coupled with a lower AUD, resulted in an overall decline in Q4/YTD operating profit for the hotel segment.

Trading segment registered lower contributions from the Group’s interior decorations business.

Under “Others” segment, higher donations and legal/professional costs incurred resulted in lower operating profit.

Despite a challenging year and a weaker AUD, the Group’s operating profit increased by 31.9% on the back of an increased turnover of $307mln.

The total hotel segment’s revenue is expected to decline due to the closure of SGNR. This, however, will be made up by the expected increase in room rates as room refurbishment program progressively completes. In addition, the introduction of 2 more La Boca F&B outlets is expected to augment revenue.

Construction at MPV commenced in 1Q2015 and is expected to complete in 2017 / 2018. Management expects better performance from the sale of its remaining TSRRT and TSRA units (currently valued at around A$60m) in FY2016.

Dynon’s Plaza, Perth continues to post stable results, underpinned by a fixed lease income of over A$11m per annum until 2020. As such, management expects the group’s outlook to remain positive for the coming year.

Financial position remains strong with cash of $145mln and shareholders’ funds of $459mln against interest bearing debts of $307mln. Gross gearing is 0.67x while net gearing is 0.35x.

Management maintained final and special dividends at 2 cents and 1 cent respectively, translalating into a payout ratio of 87% and yield of 5.1%. Price to book is 1.1x.

We maintain BUY.

Source: Lim & Tan
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Tue May 26, 2015 10:31 am

vested

Stamford Land Corp reported a 87.5% surge in 4QFY15 net profit to SGD5.39m, driven by higher contribution from its property development arm.

Revenue rose 80% to SGD112m on the back of a site disposal that boosted the property development division.

Its hotel and hotel management segment saw revenue falling 9.3% to SGD46.8m due to the closure of Stamford Grand North Ryde, which made way for the development
of Macquarie Park Village, and a 7.5% decline in the AUD qoq.

For the full year, net profit rose 9.7 per cent to SGD30m. Stamford Land has proposed a final dividend of two Singapore cents per share and a special dividend of one Singapore cent per share.

Comment:-

Stamford Land’s latest full year results was boosted by the sale of its freehold development site at Dulwich Hill, New South Wales for AUD51m.

The group had originally planned to develop the site after acquiring it for AUD24m just a year ago. Having received a good offer, the group decided to monetize the site as it represents an immediate crystallisation of returns without having to undertake development risks.

While the hotel division’s earnings were affected by the closure of Stamford Grand North Ryde and a weaker AUD, operating profits held up given a resilient tourism market.

Meanwhile, the development profit from Macquarie Park Village, which has sold well, on completion in 2017.


Source: RHB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Tue Jul 21, 2015 10:16 am

vested

Time: 9:35AM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.585

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Tue Oct 13, 2015 11:48 am

vested

Time: 11:24AM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.505

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Fri Oct 16, 2015 12:11 pm

vested

Time: 11:27AM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.505

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Stamford Land 03 (Feb 11 - Dec 15)

Postby winston » Thu Oct 22, 2015 2:34 pm

vested

Time: 12:42PM
Exchange: SGX
Stock: Stamford Land(H07)
Signal: Resistance - Breakout with High Volume
Last Done: $0.515

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to S to T

Who is online

Users browsing this forum: No registered users and 8 guests

cron