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.

Singapore’s first listed hybrid real estate investment manager, CapitaLand Investment (CLI) has risen from a pro forma net asset value (NAV) of $2.93 as at June 30 to more than $3.52 as at Sept 29. CapitaLand shareholders were given one CLI share at an NAV of just $2.83. Now, CLI’s market cap �...

Investors have often wondered why seemingly undervalued stocks never seem to get off the ground. Hongkong Land is a prime example of this. Why can’t the stock price narrow the discount between its price and its net asset value (NAV)? In March this year, CapitaLand’s management gave the market a...

DBS Group Research’s Chung Wei Le and Derek Tan have maintained their “buy” call on Far East Orchard, along with an unchanged target price of $1.70. According to them, the stock holds “deep value” and there are “compelling reasons to trade higher.” They note that Far East Orchard is cu...

Far East Orchard’s losses deepened to $1.9 million in 1HFY21 ended June, from the $0.9 million registered in the previous year. On a fully diluted basis, this translates to losses per share of 0.41 cents in 1HFY21, compared to 0.19 cents in the previous year. With this, the group’s net asset val...

FAR East Orchard's net loss for the half year ended June 30 widened to S$1.9 million from S$853,000 the previous year as the pandemic continues to weigh on its hospitality business amid persistent lockdowns and border closures.

DBS Group Research has initiated “buy” on Far East Orchard Limited (FEO) with a target price of $1.70. To analysts Chung Wei Le and Derek Tan, the counter, which is currently trading at a trailing 12 months (TTM) price-to-book (P/B) multiple of 0.40 times, which is at a discount to its hospitali...

At a price of $1.11 as at July 23, Far East Orchard, a somewhat illiquid stock, is trading at just 0.4 times its last reported net asset value as at December 31, 2020 of $2.72. In FY2020, earnings were poor as its hospitality business was adversely affected by the pandemic. This was reflected in the...

Far East Orchard has reported a net loss of $0.7 million for the 1QFY2021 ended March, from the earnings of $0.9 million in the 1QFY2020. The net loss is mainly due to the lower revenue from the hospitality business. Revenue for the 1QFY2021 fell 29% y-o-y to $27.6 million, while the group reported ...