Ho Bee Land

Re: Ho Bee

Postby behappyalways » Wed Jun 21, 2017 5:22 pm

Ho Bee Land acquires prime London property for $228 mil
http://www.theedgemarkets.com.sg/ho-bee ... ty-228-mil
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Re: Ho Bee

Postby winston » Mon Aug 07, 2017 7:19 pm

not vested

Ho Bee Land's Q2 profit slips 14% to S$36.1m

ANITA GABRIEL

HO Bee Land on Monday posted a 14.1 per cent drop in second-quarter net profit to S$36.1 million from S$42 million a year ago.

Revenue for the three months ended June 30 fell 78.4 per cent to S$37.4 million from S$172.8 million mainly due to the higher sales recognition of two residential development projects in Melbourne and Gold Coast which were completed in the second quarter of last year.

Earnings per share for Q2 came in lower at 5.42 Singapore cents versus 6.31 Singapore cents a year ago.

No dividend was recommended for the period, the same as the previous corresponding period.

For the first half, the real estate firm's net profit rose 53 per cent to S$92.4 million on the back of a 62 per cent drop in revenue to S$79.8 million.

Ho Bee Land shares slipped one Singapore cent or 0.4 per cent to finish at S$2.41 on Monday.

Source: Business Times

http://www.businesstimes.com.sg/compani ... =EREC-16-4[BT_Newsletter_Debrief]-20170807-[Ho+Bee+Land%27s+Q2+profit+slips+14%25+to+S%2436.1m]&xts=538380
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Re: Ho Bee

Postby winston » Mon Aug 14, 2017 10:00 am

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Ho Bee Land Limited – China residential sales continue to support earnings

Recommendation: ACCUMULATE (Maintained), Last Close Price: S$2.33

Target Price: S$2.98,

Revenue within our expectation, but associate’s profits higher than expected due to higher than forecasted ASPs for Yanlord Western Garden (YWG).

ASPs in YWG maintain stable despite property cooling measures.

Weakening pound was main cause for 4.7% drop in rental income in 1H17.

Metropolis occupancy maintained near 100% going into second renewal cycle.

Maintain ACCUMULATE with higher RNAV-derived target price of S$2.98.

Source: Phillips

http://internetfileserver.phillip.com.s ... 170811.pdf
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Re: Ho Bee Land

Postby winston » Tue Aug 22, 2017 9:22 am

not vested

Banking on recurrent income

Strong recurrent income platform backed by a S$3bn office portfolio

Earnings growth to be driven by handover of China residential units, Australia projects largely sold

We anticipate the recovery of Singapore residential market to broaden in the medium term, thus allowing HoBee to monetise its existing projects

Maintain Add with a higher TP of S$3.39

Source: CIMB

https://brokingrfs.cimb.com/9ZUnaaFE0Ap ... ZA9vQ2.pdf
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Re: Ho Bee Land

Postby behappyalways » Tue Nov 21, 2017 6:00 pm

ho-bee-lands-3q-earnings-double-544-mil-higher-share-profits-associates
https://www.theedgesingapore.com/ho-bee ... associates
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Re: Ho Bee Land

Postby behappyalways » Sun Mar 11, 2018 2:27 pm

Ho Bee Land posts 20.9% drop in 4Q earnings to $102.4 mil
https://www.theedgesingapore.com/ho-bee ... s-1024-mil
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Re: Ho Bee Land

Postby behappyalways » Mon Mar 26, 2018 5:41 pm

Ho Bee Land invests €40 mil in European property fund; acquires Clouse SA notes for €50 mil
https://www.theedgesingapore.com/ho-bee ... 2%AC50-mil
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Re: Ho Bee Land

Postby behappyalways » Tue Jun 26, 2018 5:44 pm

Ho Bee Land acquires Ropemaker Place in London for $1.16 bil
https://www.theedgesingapore.com/ho-bee ... on-116-bil
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Re: Ho Bee Land

Postby winston » Mon Jul 30, 2018 9:29 am

not vested

Ho Bee Land stakes

On July 20, chairman and chief executive officer Chua Thian Poh raised his total shareholding in Ho Bee Land to 75.0%, through an off-market purchase of 4.5m shares for a consideration of SGD10.5 million.

Mr Chua, who has been gradually increasing his total stake in the property developer over the past year, held a total interest of 73.9% as at 13 July 2017.

Mr Chua - the founder of Ho Bee Land - is responsible for the group's strategic planning and direction, as well as its financial and investment decisions. He serves on the boards of several other companies and community organisations, and was appointed an alternate member of the Council of Presidential Advisers in April 2017.

The notable philanthropist was also named in Forbes Asia's Heroes of Philanthropy list in 2014.

For the three months ended 31 March 2018, Ho Bee Land reported a 2.1% year-on-year decline in total operating income to SGD50.2m. Net attributable profit fell 12.3% to SGD49.4m, largely due to a gain from the sale of an investment property in London in the year-ago quarter. (The Business Times, 30 July 2018)

Source: RHB
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Re: Ho Bee Land

Postby behappyalways » Wed Aug 15, 2018 12:55 pm

Ho Bee Land reports near-doubling of 2Q earnings to $71.5 mil
https://www.theedgesingapore.com/ho-bee ... gs-715-mil
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