Guocoland - DBS Research 2023-09-07: The Best Is Yet To Come

• GuocoLand (SGX:F17) reported 2H23 net profit of S$187.4m, with full-year net profit declining 47% y-o-y to S$207.1m. The decline was largely driven by higher cost of sales, higher other expenses, higher finance costs, and lower fair value gains of S$156.3m in FY23 vs S$248.8m in FY22.
• - Read this at SGinvestors.io -
• GuocoLand announced a dividend of 6 cents per share (~32% payout ratio), similar to the previous two years. See GuocoLand's dividend dates.

Resilient performance for both property development & property investment

• - Read this at SGinvestors.io -
• Revenue from the property investment segment also increased 35% y-o-y to S$169.6m due to higher rental income from Guoco Tower and Shanghai’s Guoco Changfeng City South Tower as well as the initial contribution from Guoco Midtown.

Strong sales momentum for GuocoLand.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2024-09-05 Guocoland - Better Days Ahead.

Price targets by other brokers at GuocoLand Target Prices.

Listing of research reports at GuocoLand Analyst Reports.

Relevant links:
GuocoLand Share Price History,
GuocoLand Announcements,
GuocoLand Dividend Payout Dates & Corporate Actions,
GuocoLand News