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M&A
First Sponsor Group acquires 33% stake in company that owns Allianz Tower in Rotterdam for $7.6 mil
The group also acquired the company’s outstanding shareholder loans for $67.2 million.
September 18, 2023
Insider moves
Kimly buys back shares; First Sponsor director increases personal stake
Kimly's total payout for FY2022 to 1.68 cents per share, equivalent to a payout ratio of 61.4%.
February 23, 2023
Results
First Sponsor Group reports 2HFY2022 earnings of $59.9 mil, 14.1% higher y-o-y
A final cash dividend of 2.70 cents per share has been declared for the period, up from 2.35 cents per share last year.
February 20, 2023
Broker's Calls
PhillipCapital upgrades First Sponsor Group to 'accumulate' on 'positive' property development outlook
A recovery in the Chinese property market and in the group’s China hotel portfolio are catalysts to a higher TP: PhillipCapital.
August 10, 2022
Results
First Sponsor Group reports 3.5% higher 1HFY2022 earnings of $71.3 mil
During the period, the group declared an interim dividend of 1.1 cents, payable on Sept 1.
July 29, 2022
Broker's Calls
PhillipCapital downgrades First Sponsor Group to 'neutral' as China outlook turns cloudy
The downgrade comes as China's slowing property market may affect the group's property development and property financing segments
March 04, 2022
Property
First Sponsor clinches redevelopment of prime site in Sydney
First Sponsor Group, an associate company of City Developments has clinched a project to redevelop a prime site in Sydney
November 22, 2021
Results
First Sponsor sees 18.7% earnings growth to $69 mil for 1H21, declares interim DPS of 1.1 cents
1H21 EPS on a fully diluted basis came in at 5.2 cents.
July 30, 2021
Broker's Calls
PhillipCapital downgrades First Sponsor Group to 'accumulate' as positives already priced-in
Over the past two months, the property developer’s share price has appreciated around 8%, with highs of around $1.43.
April 30, 2021
Broker's Calls
Low occupancy at European hotels could hit First Sponsor's revenue: Phillip Securities
A 3% fair value mark-down in the hotel investment properties could shave off $1.8 million from First Sponsor's revenue.
October 28, 2020