Oxley Holdings

Markets

British currency takes a pounding as Queen approves Parliament suspension plan

SINGAPORE (Sept 2): The British pound dropped over 1% as newly minted Prime Minister Boris Johnson gained approval from Queen Elizabeth II to suspend Parliament, a move many say will devastate any attempts by members of Parliament to stop a no-deal Brexit

Results

Oxley posts 81% drop in 4Q earnings to $25.6 mil

SINGAPORE (Aug 27): Oxley Holdings saw its earnings plunge 81% to $25.6 million for the 4Q19 ended June, falling from $137.7 million a year ago.

Company in the news

As earnings fall, UE's shareholders bemoan sale of shares and lack of progress since change of board

SINGAPORE (July 15): Towards end-June, a long-term United Engineers shareholder who has held his shares for more than 15 years, lamented the condition of UE BizHub City, the former UE Square, on Clemenceau Avenue.
Aspen Group in JV with Oxley to develop integrated project in Penang

Property

Aspen Group in JV with Oxley to develop integrated project in Penang

SINGAPORE (June 24): Aspen Group Holdings, the Malaysian property developer, is partnering Oxley Holdings to develop a mixed-use integrated project on Penang Island.

In print this week

Who are the 40 highest-paid CEOs among Singapore's listed companies?

SINGAPORE (June 14): Barry Stowe, the former chairman and chief executive of Prudential’s North American Business unit who retired in December 2018, was the highest paid manager among Singapore listed companies in 2018.

Global Economy

Trump signals more uncertainty with 'what’s up here'; economists trim Singapore GDP forecast

SINGAPORE (June 17): US President Donald Trump is not letting up on his threats to hit China with a new set of tariffs as talks between the two economic giants show scant signs of progress. China, on the other hand, did not give a clear indication if Pres

Broker's Calls

'Major bargain' Oxley started at 'buy' as RHB brushes aside concerns over high gearing

SINGAPORE (June 13): RHB Research is initiating coverage on property developer Oxley Holdings with a “buy” recommendation and a target price of 41 cents.

Results

Oxley reports more than doubling of 3Q earnings on Chevron House fair value gain

SINGAPORE (May 13): Oxley Holdings saw it earnings jump 121% to $67.4 million for the 3Q19 ended March, from $30.6 million a year ago.

Global Economy

US Fed to keep rates steady, UOB sees 2020 cut, No Signboard shares slump on CAD probe

(May 6): The US central bank is keeping rates steady, with Federal Reserve chairman Jerome Powell saying he sees no immediate need to move interest rates either higher or lower, and that the Fed is watching for a rebound in persistently sluggish inflation

Management & Corporate Governance

After Hyflux fall, Singapore debt buyers scrutinise these firms

(Apr 26): The collapse of Singapore’s water treatment firm Hyflux has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.
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