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Hiap Hoe, Emerging Towns & Cities, Santak send respective profit warnings

Bryan Wu
Bryan Wu • 2 min read
Hiap Hoe, Emerging Towns & Cities, Santak send respective profit warnings
Hiap Hoe and ETC Singapore will report their earnings on or around Feb 28; Santak will report its earnings in mid-February
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Hiap Hoe says it expects to report a loss for its FY2022 ended Dec 31 2022.

This is due to fair value changes in financial instruments arising from the real estate group’s investment portfolios as a result of elevated volatility and significant declines across asset classes.

Hiap Hoe will report its earnings for FY2022 on or before Feb 28.

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