Property developer Roxy-Pacific Holdings has been on the radar of SAC Capital, following an offer it received on Sep 20 to delist. The pre-conditional voluntary general offer was made by TKL & Family for all the issued ordinary shares in the company. The offeror is also the bid vehicle for a con...

On the back of Bukit Sembawang’s stellar performance in the FY2020/2021 ended March, DBS Group Research analysts Woon Bing Yong and Derek Tan are keeping “buy” on the counter with a higher target price of $5.92 from $5.44 previously. The brokerage is the only house to have coverage on the coun...

BUKIT Sembawang Estates has enough inventory to sell for the next decade, with the land the developer controls still pegged at "extremely low" historical cost valuation, said a fresh DBS Research report. This pipeline could give Bukit Sembawang room to offer dividends at "Reit...

BUKIT Sembawang Estates has enough inventory to sell for the next decade, with the land the developer controls still pegged at "extremely low" historical cost valuation, said a fresh DBS Research report. This pipeline could give Bukit Sembawang room to offer dividends at "Reit...

THE following companies saw new developments that may affect trading of their securities on Thursday:

BUKIT Sembawang Estates saw its earnings more than double for the financial year 2021 to March, on higher profit booked from development projects, absence of impairment loss as well as lower borrowing costs.

Bukit Sembawang Estates has posted earnings of $189.4 million for the FY2021 ended March, 149% higher y-o-y from $76 million previously. Earning per share (EPS) for the period amounted to 73.17 cents, compared to 29.38 cents the previous year. Revenue grew 57% y-o-y to $581 million for the period, w...

BUKIT Sembawang Estates saw its earnings more than double for the financial year 2021 to March, on higher profit booked from development projects, absence of impairment loss as well as lower borrowing costs.

The robust primary sales reported in March poses a double-edged sword for listed developers, say DBS Group Research analysts Derek Tan and Rachel Tan. The pair’s note comes after the property market saw a record quarter in the 1Q2021 with sales of around 3,400 units. New private home sales in Marc...

THE following companies saw new developments that may affect trading of their securities on Thursday: