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Ho Bee Land
Family business
Consistent performers amongst SGX's family empire-linked plays
SINGAPORE (June 11): SGX lists at least 24 companies and two trusts associated with seven business empires run by some of Singapore’s richest families. These home-grown companies and/or conglomerates on SGX have a combined market capitalisation of more
June 11, 2019
Results
Ho Bee Land 1Q earnings down 44% to $28 mil on drop in share of profits
SINGAPORE (Apr 30): Ho Bee Land reported earnings of $27.7 million for the 1Q ended March, 44% lower than the same period last year.
April 30, 2019
Broker's Calls
Singapore offers buffet of attractive yield plays amid the easing policy environment, says UOB
SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.
April 01, 2019
Results
Ho Bee Land reports 21% lower 4Q earnings of $81.4 mil due to provision for potential tax liability
SINGAPORE (Feb 25): Ho Bee Land has reported 4Q18 earnings of $81.4 million, or 12.24 cents on a per share basis, 21% lower compared to a year ago.
February 25, 2019
Broker's Calls
Singapore's property sector 'overweight' under review by UOB on tapering residential supply
SINGAPORE (Dec 7): UOB KayHian is putting its “overweight” call for Singapore’s property sector under reviewing given the tapering of 1H19 GLS residential supply to prevent a glut.
December 07, 2018
Results
Ho Bee Land reports 25% rise in 3Q18 earnings to $68 mil on higher share of profit
SINGAPORE (Nov 8): Ho Bee Land reported 3Q18 earnings of $67.8 million, a 25% increase over the same period last year.
November 08, 2018
Broker's Calls
3 developers to 'add' as Singapore's property price momentum slows: CGS-CIMB
SINGAPORE (Oct 16): CGS-CIMB Research is maintaining its “neutral” stance on Singapore’s property sector post the release of recent Urban Redevelopment Authority (URA) data, which reflected higher September monthly home sales of 944 transactions, up
October 16, 2018
Broker's Calls
Look to diversified developers as property sales slow, says CGS-CIMB
SINGAPORE (Oct 2): CGS-CIMB Research is keeping its “neutral” stance on property developers amid slowing sales at new launches, following a slew of new property cooling measures introduced in July to curb rising home prices.
October 02, 2018
Broker's Calls
This undervalued developer could be ripe for a REIT: RHB
SINGAPORE (Sept 27): RHB is highlighting Ho Bee Land as a potential REIT and privatisation candidate with a sustainable 4% yield.
September 27, 2018
Broker's Calls
Cooling measures to continue dampening buying sentiment after a quieter August: CGS-CIMB
SINGAPORE (Sept 18): CGS-CIMB Securities is remaining “neutral” on Singapore’s property sector after Aug 2018 private monthly home sales came in at 639 units, down 60% y-o-y and 64% m-o-m.
September 18, 2018