Far East Orchard has reversed into the black with earnings of $8.0 million in the 1HFY2022 ended June, compared to the loss of $1.9 million in the same period the year before.Far East Orchard is part of the Far East Organization group, which owns 33% of Far East Hospitality Trust's manager.Revenue w...

REAL estate group Far East Orchard has posted earnings of S$8 million for the first half ended June, improving from a net loss of S$1.9 million recorded in the year-ago period.

Aspring to become the next Blackstone, the 135-year-old conglomerate amps up hospitality and real estate investmentsHotels the world over have faced a distressing two years and counting. If the recent privatisation offer for Frasers Hospitality Trust is anything to go by, some hospitality names are ...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 15):

Far East Orchard, part of the Far East Organization group, and which owns 33% of Far East Hospitality Trust's manager, announced on June 14 that it has entered into a joint venture with Woh Hup Holdings and Way Assets , to acquire a plot of land at Plot 6 Silverthorne Lane, Bristol to develop a purp...

REAL estate company Far East Orchard has acquired a plot of land in Bristol through a joint venture (JV) with Woh Hup Holdings and Way Assets to develop a student hostel in the English city, the mainboard-listed company said in a bourse filing on Tuesday (Jun 14).

A WOMAN named Tan Su Lan has received a civil penalty of S$100,000 for false trading in the shares of jewellery retailer Aspial Corporation and property developer Far East Orchard (FEO), the Monetary Authority of Singapore (MAS) announced on Wednesday (May 11).

As the closing prices of these shares had an impact on the value of her collateral, her collateral value increased correspondingly, MAS says.“Trading behaviour that has the effect of distorting prices adversely affect the fair and orderly functioning of our capital markets,” says Loo Siew Yee, a...

MAINBOARD-LISTED real estate player Far East Orchard (FEO) was back in the black in the first quarter on the recognition of a sale and unrealised foreign exchange gains as the Australian dollar strengthened, according to a business update released on Friday (May 6).

Far East Orchard, on March 4, announced that it has entered into a joint venture agreement (JVA) with Real Hospitality Group Asia Co in relation to a hospitality management business in China. The JVA was entered into by the group’s subsidiary, Far East Hospitality Management Asia (FEHMA). Under th...

Far East Orchard recorded a profit after income tax of $16.8 million in FY2021, reversing the net loss of $8.9 million in FY2020. This was primarily due to fair value gains on investment properties. Excluding the fair value gains, the Group would have registered a wider net loss. Profit attributable...

[SINGAPORE] Far East Orchard's net profit for the financial year ended Dec 31, 2021 rose to S$28.1 million, from S$1.5 million the previous year, primarily on the back of fair-value gains on investment properties.

Far East Orchard has guided that it expects to report a net profit for the FY2021 ended December, reversing from its losses reported in the FY2020. The expected net profit is mainly attributed to the fair value gains on investment properties. On Nov 9, 2021, Far East Orchard reported losses of $12.8...

Far East Orchard has seen its attributable loss in its 9MFY2021 double y-o-y from $6.3 to $12.8 million as the Covid-19 pandemic continues to take its toll on the hospitality sector. In an earnings release, FEO said the hospitality business segment, particularly in Australia with its extended lockdo...

FAR East Orchard has reported that its net loss for the nine months ended Sep 30 has widened to S$12.6 million from S$6.3 million a year ago.