GuocoLand Limited

GuocoLand will not be exercising redemption option on first call date of $400 mil subordinated perpetual securities - THE EDGE SINGAPORE

Company in the news

GuocoLand will not be exercising redemption option on first call date of $400 mil subordinated perpetual securities

There will not be a reset of the distribution rate of the securities on Jan 23, 2023, which will remain at 4.60% p.a.

New appointments

GuocoLand to appoint Quek Leng Chan as chairman of the board at upcoming AGM

GuocoLand's next AGM will take place on Oct 14.
'Potential securitisation' of GuocoLand's income-producing portfolio could be 'significant share price catalyst': DBS - THE EDGE SINGAPORE

Broker's Calls

'Potential securitisation' of GuocoLand's income-producing portfolio could be 'significant share price catalyst': DBS

DBS is keeping its "buy" call on GuocoLand with an unchanged target price of $2.30.
GuocoLand sees FY2022 earnings more than double to $392.7 mil on higher net fair value gain - THE EDGE SINGAPORE

Results

GuocoLand sees FY2022 earnings more than double to $392.7 mil on higher net fair value gain

GuocoLand has declared a first and final dividend of 6 cents per share, payable on Nov 15.

Broker's Calls

DBS initiates 'buy' on GuocoLand as it looks to benefit from the office market recovery

A potential securitisation of GuocoLand’s income-producing portfolio is one way to drive the property developer's share price: DBS

Property

GuocoLand's JV tender for Lentor Hills Road land parcel accepted at bid price of $586.6 mil

The bid price translates to $1,060 psf per plot ratio.
Guocoland earnings for 1H21 drop 69% to $22.9 mil on higher tax expense and lower revenue - THE EDGE SINGAPORE

Results

Guocoland earnings for 1H21 drop 69% to $22.9 mil on higher tax expense and lower revenue

Revenue for the half-year period stood 44% y-o-y lower at $319.6 million mainly due to lower progressive recognition of sales.

Results

GuocoLand's 2Q earnings treble to $32.4 mil as revenue doubles on higher sales activities

This brings the group’s half year earnings to $74.5 million, double that of $37 million for the corresponding period in the previous year.

Results

GuocoLand's 4Q earnings fall 42% to $141 mil on lower revenue & other income

SINGAPORE (Aug 27): GuocoLand announced earnings of $141.2 million for the 4Q ended June, down 42% from $244.8 million a year ago on lower revenue and other income.

Results

GuocoLand earnings fall 25% to $43 mil in 2Q on lower share of profit, higher expenses

SINGAPORE (Feb 1): GuocoLand posted a 25% drop in earnings to $43.0 million for the 2Q ended December, from $57.1 million a year ago.
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