Keong Hong Holdings

Keong Hong foresees ongoing projects to be unaffected by MOM foreign worker hiring freeze

SINGAPORE (June 5): Keong Hong Holdings says it has taken “immediate corrective actions” to prevent further infringements of Ministry of Manpower (MOM) regulations regarding workers’ accommodation.

M&A

Mattar Road site tender awarded to Keong Hong, Hock Lian Seng, TA Corp JV for $223 mil

SINGAPORE (May 17): A joint venture (JV) company consisting of Keong Hong, Hock Lian Seng Holdings and TA Corp has been awarded a land parcel at Mattar Road at a tender price of $223 million.

Results

Keong Hong's 1Q earnings sink 53.6% to $1.8 mil

SINGAPORE (Feb 12): Property developer and construction company Keong Hong Holdings saw its earning fall 53.6% to $1.8 million for the 1Q ended December, from $3.8 million a year ago.

Broker's Calls

CIMB thinks these 5 small developers with exposure to Gaobeidian are 'beautiful'

SINGAPORE (Jan 18): CIMB likes five unrated developers with market caps ranging from $140-$470 million and property development activities in Singapore and China, in the Gaobeidian area.

Portfolio sees mixed results over recent reporting season

SINGAPORE (Dec 11): The recent results season has seen mostly positive numbers from the 16 companies in our portfolio that reported results in the quarter ending Sept 30. Nine reported earnings growth in the recent quarter, while five saw their earnings

Cogent’s earnings fall but PhillipCapital still positive

SINGAPORE (Dec 4): Logistics player Cogent Holdings reported a 4% y-o-y rise in revenue to $35.3 million for 3QFY2017 ended September, but earnings fell 6% to $7.4 million. The group saw better volumes in the container depot management and transport manag

Results

Keong Hong reports 86% rise in full-year earnings to $70.2 mil on fair value gains

SINGAPORE (Nov 28): Keong Hong Holdings, the homegrown property construction, development and investment group, reported earnings of $70.2 million for the FY17 ended Sept.

Keong Hong announces opening of Mercure Maldives Kooddoo Hotel

SINGAPORE (Sept 26): Keong Hong Holdings yesterday saw the launch of Mercure Maldives Kooddoo Hotel, the first overseas hotel development to join the group’s two hotels in Singapore along with its overseas property investments.

Keong Hong to acquire Osaka property for $11.8 mil

SINGAPORE (June 29): Keong Hong Holdings announced Thursday that indirect wholly-owned subsidiary Grandwood (Japan) has entered into a sale and purchase agreement to acquire a commercial building in Osaka, Japan for 950 million yen ($11.8 million).

M&A

Keong Hong acquiring 60% stake in Hansin Timber for $4.5 mil

SINGAPORE (April 21): Builder and construction company Keong Hong Holdings is acquiring a 60% stake in Hansin Timber Specialist and Trading for a consideration of $4.5 million to be funded by internal sources.
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