Advertisement
Singapore markets close in 2 hours 30 minutes

  • Straits Times Index

    3,173.55
    -14.11 (-0.44%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.65%)
     

  • Hang Seng

    16,176.10
    -209.77 (-1.28%)
     

  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     

  • Bitcoin USD

    62,001.32
    +840.69 (+1.37%)
     

  • CMC Crypto 200

    1,280.01
    -32.62 (-2.48%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,396.20
    -1.80 (-0.08%)
     

  • Crude Oil

    83.97
    +1.24 (+1.50%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,551.42
    +6.66 (+0.43%)
     

  • Jakarta Composite Index

    7,063.10
    -103.72 (-1.45%)
     

  • PSE Index

    6,422.20
    -100.99 (-1.55%)
     

Roxy-Pacific 1Q has a profit surge

Vincent Chia

Roxy-Pacific Holdings Limited announced its 1Q results. 1Q revenue was up 149% year-on-year to $198.2 million while 1Q PAT was up 210% year-on-year to $46.3 million. This was attributed to the completion of a commercial development project, Centropod@Changi in Jan 2015. Going forward, Roxy-Pacific has earnings visibility of pre-sale revenue of $551.9 million. It is also prudently increasing its landbank. This includes 3 plots of land in Australia and 1 in Malaysia. The outlook for the Singapore property market is still expected to remain relatively soft this year. Roxy-Pacific is thus focused on the region and in particular Malaysia, Hong Kong, Australia, Thailand and Japan.

GET TO THE POINT : Looks like Roxy-Pacific is executing well on its regional strategy that will help it look beyond the softness of the Singapore property market.

(Picture from Roxy-Pacific Holdings Limited)

Related Articles:

The post Roxy-Pacific 1Q has a profit surge appeared first on Asean Equities Review.