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...

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...