PhillipCapital analyst Tan Jie Hui has downgraded property developer First Sponsor Group (FSG) to “accumulate” from “buy”, as its recent share run-up has “priced in some positives”. Over the past two months, the property developer’s share price has appreciated around 8%, with highs of ...

FOR the five trading sessions that spanned Feb 26 to March 4, the Straits Times Index (STI) gained 1.4 per cent while the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaged a 2.9 per cent decline. Share buybacks There were 15 primary-listed stocks conducting share buybacks over the f...

FIRST Sponsor Group on Wednesday posted a 92.7 per cent plunge in net profit to S$6.9 million for its fourth quarter ended Dec 31, 2020, from S$94.9 million a year ago.

First Sponsor has posted earnings of $6.9 million for the 4QFY2020 ended December, a 92.7% plunge from earnings of $94.9 million a year ago. The lower earnings translate to earnings per share (EPS) of 0.52 cents on a fully diluted basis for the quarter, compared to 8.62 cents the year before. For th...

While Phillip Securities continues to favour First Sponsor Group, the brokerage believes the property company’s low occupancy rate at its European hotel could impact its top line. Phillip Securities says it expects “some” mark-downs in the fair value of the hotels at this year-end. This could ...

First Sponsor Group’s strong fundamentals have led Phillip Securities to initiate coverage on the company with a “buy” rating and target price of $1.65. The brokerage says the property developer has unrecognised property development revenue of $586 million. The is not including another $1.95 b...

First Sponsor Group announced that its 1H20 earnings have increased by 49.4% to $58.1 million from $38.9 million in 1H19, mainly due to lower expenses and foreign exchange gains. Revenue for the first half ended June was 16.5% lower at $104.1 million from $124.8 million a year ago, mainly due t...

FIRST Sponsor Group on Thursday posted a 49.5 per cent rise in net profit to S$58.1 million for the six months ended June 30, from S$38.9 million a year ago. 

MAINBOARD-LISTED First Sponsor Group posted a 4.8 per cent rise in net profit to S$24.9 million for its first quarter ended March 31, 2020, from S$23.8 million a year ago.

SINGAPORE (Apr 28): Property developer First Sponsor Group reported earnings of $24.9 million for 1Q2020 ended March, 4.8% higher than the $23.8 million reported in 1Q2019. Revenue came in 1.1% higher at $45.8 million, driven by an increase in property financing revenue. This was due mainly to a on...