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...

PROPERTY developer First Sponsor Group on Saturday said it has obtained permission from the Singapore Exchange Regulation (SGX RegCo) to postpone its annual general meeting (AGM) for its financial year ended Dec 2019, in light of stricter measures that limit gathering sizes to prevent the f...

Property developer First Sponsor Group on Saturday said it has obtained permission from the Singapore Exchange Regulation (SGX RegCo) to postpone its annual general meeting (AGM) for its financial year ended Dec 2019, in light of stricter measures that limit gathering sizes to prevent the f...

PROPERTY developer First Sponsor Group on Thursday launched and priced S$100 million in 3.29 per cent notes due 2025, it said.

THE following companies saw new developments that may affect trading of their securities on Wednesday.