Bukit Sembawang Estates

SINGAPORE (Sept 16): The property sector, together with finance, logistics and manufacturing, is the pillar of any modern economy. Scale is critical to success, and those with the financial muscle can steadily lever up to become even bigger.

SINGAPORE (Aug 6): Property developer Bukit Sembawang Estates saw its earnings fall 5% to $22.0 million for the 1Q19/20 ended June, from $23.1 million a year ago.

SINGAPORE (May 27): Bukit Sembawang Estates sank into the red with losses of $11.6 million for the 4Q18/19 ended March, compared to earnings of $22.0 million a year ago.

SINGAPORE (July 10): Property stocks Bukit Sembawang, Oxley and GuocoLand have had their recommendations downgraded by Maybank Kim Eng in light of new measures to cool the property market and keep price increases in line with economic fundamentals.

SINGAPORE (May 25): Maybank Kim Eng Research is keeping its “buy” call on Bukit Sembawang Estates (BS) with an unchanged target price of $8.55, representing an upside of 39% from its current trading price.

SINGAPORE (May 24): Bukit Sembawang Estates saw its earnings surge ninefold to $21.5 million in the 4Q ended March, from $2.3 million a year ago athough full-year earnings fell 23.7% to $55.3 million.

SINGAPORE (Apr 11): Maybank Kim Eng Research is reiterating its “positive” stance on Singapore property developers, amid fresh data points which reinforce its predictions of a property price rebound.

SINGAPORE (Mar 22): Bukit Sembawang Estates’ wholly-owned subsidiary Bukit Sembawang Land has won the tender for the en bloc sale of the Makeway View property in Newton with a bid of $168 million.

SINGAPORE (Mar 16): Bukit Sembawang Estates' subsidiary BSEL Development has submitted the winning bid of $345 million Katong Park Towers.

SINGAPORE (Feb 12): Bukit Sembawang Estates saw its earnings double to $10.7 million for the 3Q18 ended December, from $5.4 million a year ago, on the back of higher revenue.