Hotel Properties Limited (HPL) / Ong Beng Seng

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Ong Beng Seng's HPL reports $17.2 mil loss for 1HFY2023
https://www.theedgesingapore.com/capita ... s-1hfy2023

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Ong Beng Seng's HPL wins go-ahead to redevelop Orchard Road properties
https://www.theedgesingapore.com/news/p ... properties

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For the year ended Dec 2023, the company reported earnings of $561.0 million, versus $40.2 million reported for the preceding FY2022.

While the companyt enjoyed better operating numbers from the recovery of its hospitality businesses, the big chunk of the earnings growth came from $645 million in fair value gain on its Singapore investment properties.


HPL reports surge in FY2023 earnings on revaluation gains
https://www.theedgesingapore.com/capita ... tion-gains

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HPL buys Concorde Hotel & Shopping Mall for $821 mil in largest en bloc deal of 2024
https://www.theedgesingapore.com/news/p ... -deal-2024

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Hotel Properties Limited’s FY2024 earnings decline by 95.1% y-o-y to $27.2 mil on lower net fair value gain
https://www.theedgesingapore.com/capita ... r-net-fair

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Hotel Properties to acquire The Intercontinental Auckland for NZ$180 mil
https://www.theedgesingapore.com/news/c ... -nz180-mil

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Hotel Properties appoints architects to redevelop Orchard properties; reverses to earnings of $11.4 mil in 1HFY2025
https://www.theedgesingapore.com/capita ... s-earnings

[winston]

not vested

Ong Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high

The group is expected to release its results by Feb 27

by Chong Xin Wei

Despite higher revenue, finance costs remained elevated, largely due to increased borrowing and the delayed impact of interest rates easing.

It also incurred mark-to-market fair value losses on its long-term investments.

For its first half ended Jun 30, the group recorded a net profit of S$11.4 million, reversing from a loss of S$4.9 million in the year-ago period.

Earnings per share stood at S$0.0134, compared with a loss per share of S$0.0162 previously.

Revenue for H1 was up 9 per cent at S$378.4 million, from S$347.3 million the year before.

Finance costs rose slightly to S$51 million from S$50.2 million due to higher borrowings.

In the half year, the group recorded a mark-to-market fair value loss on long-term investments of S$9.3 million, compared with a gain of S$5.5 million in the previous corresponding period.

Source: Business Times

https://www.businesstimes.com.sg/compan ... emain-high

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Ong Beng Seng's HPL $46.2 mil in the red for FY2025
https://www.theedgesingapore.com/capita ... red-fy2025