PhillipCapital’s senior research analyst Terence Chua has upgraded his recommendation on First Sponsor Group to “accumulate” from “neutral” as he sees the latest relaxation of property measures in China’s Dongguan as a positive sign for the group.“We believe the relaxation measures wil...

First Sponsor Group, which is 35.72% held by City Developments, and 45.63% owned by Tai Tak Estates, reported earnings of $71.3 million for the 1HFY2022 ended June.The half-year period’s earnings represented an increase of 3.5% over the earnings of $69.0 million in the same period the year before....

FOR the 5 trading sessions that spanned Mar 18 to 24, the Straits Times Index (STI) gained 2.3 per cent, with the FTSE China A50 Index rising 1.2 per cent, the Hang Seng Index adding 2.3 per cent and the FTSE Bursa Malaysia KLCI up 0.1 per cent.

FOR the 5 trading sessions that spanned Mar 18 to 24, the Straits Times Index (STI) gained 2.3 per cent, with the FTSE China A50 Index rising 1.2 per cent, the Hang Seng Index adding 2.3 per cent and the FTSE Bursa Malaysia KLCI up 0.1 per cent.

PhillipCapital analyst Terence Chua has turned “neutral” on First Sponsor Group, downgrading from his previous “accumulate” recommendation due to the slower economic growth seen in China. The group’s property development (PD) and property financing (PF) market will be impacted by the slowi...

PROPERTY developer First Sponsor Group reported S$121 million in net profit for the full year ended Dec 31, 2021, up 17.7 per cent from S$103 million in the year-ago period, the company said in a bourse filing after market hours on Friday (Feb 11).

On Nov 22, First Sponsor Group, which is 35.72% held by City Developments, and 45.63% owned by Tai Tak Estates, announced that the Central Sydney Planning Committee issued formal approval in relation to redevelopment plans for a 50-storey mixed-use tower submitted by a consortium led by these two co...

Yanlord Land Group, which won the best ROE in the real estate sector at last year’s Billion Dollar Club, has kept this award this year. For the three financial years taken into consideration for judging this year’s winner, Yanlord managed to generate a weighted ROE of 11.1 times. In addition, Ya...

FOR the four local trading sessions that spanned Aug 6 to 12, the Straits Times Index (STI) gained 0.2 per cent, while the FTSE China A50 Index, Hang Seng Index and FTSE Bursa Malaysia KLCI averaged a 1.4 per cent gain.

First Sponsor Group has reported earnings of $69 million for the 1HFY2021 ended June, up 18.7% y-o-y from $58.1 million. Earnings per share (EPS), on a fully diluted basis, came in at 5.2 cents for the period, declining 1.3% y-o-y from 5.27 cents previously. Revenue grew 50.5% y-o-y to $156.8 millio...

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...