LHN Group

LHN subsidiary enters into lodging facility contract with MOH Holdings - THE EDGE SINGAPORE

Contracts

LHN subsidiary enters into lodging facility contract with MOH Holdings

The contract is for the design, retrofit and operation of two designated lodging facilities for healthcare professionals.
LHN launches Coliwoo Hotel Pasir Panjang - THE EDGE SINGAPORE

Company in the news

LHN launches Coliwoo Hotel Pasir Panjang

Coliwoo Hotel Pasir Panjang is the newest addition to the co-living subsidiary brand's portfolio of 15 properties islandwide.
LHN earnings down 16.6% in FY2023 despite revenue growth - THE EDGE SINGAPORE

Results

LHN earnings down 16.6% to $38.2 mil in FY2023 despite revenue growth

LHN has announced a special and final dividend of 1.0 cent each per share, bringing total dividends for FY2023 to 3.0 cents.

Company in the news

LHN provides cost breakdown for proposed transfer to SGX Mainboard ahead of EGM

LHN does not expect any significant increase in its total annual listing cost with its proposed transfer to the SGX Mainboard.

Company in the news

LHN Group receives approval in-principle from SGX to transfer to Mainboard

The group says it will be seeking its shareholders’ approval at an extraordinary general meeting (EGM).

Broker's Calls

UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks

UOBKH’s alpha picks portfolio beat the STI by 4.7 ppts, “overcoming weak investor sentiment in September”.

Results

LHN Group reports strong occupancy rates for key projects in 3QFY2023; sees steady growth for rest of 2HFY2023

As at June 30, the group managed a total of 2,064 keys spread across its co-living projects in Singapore as well as 85 SOHO.
Stocks like Delfi, Marco Polo Marine and Raffles Medical could benefit from Indonesia's strong economic performance - THE EDGE SINGAPORE

Broker's Calls

Stocks like Delfi, Marco Polo Marine and Raffles Medical could benefit from Indonesia's strong economic performance

The sectors to look out for are consumer, commodity, healthcare tourism, plantation and marine-related.

M&A

LHN Group expects to make $21 mil upon the disposal of LHN Logistics

LHN Group says the proposed transaction is considered to be beneficial to it and its shareholders for a few reasons.

Results

LHN guides for lower NPAT for 1HFY2023 of around $19 mil, down 47.1% y-o-y

Shares in LHN closed 2 cents higher or 7.69% up at 28 cents on May 4.
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