|Bid||0.695 x 0|
|Ask||0.700 x 0|
|Day's range||0.675 - 0.700|
|52-week range||0.460 - 0.745|
|PE ratio (TTM)||8.58|
|Earnings date||17 Jan 2018 - 22 Jan 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.74|
Contracts will be progressively recognised in the UK, Cambodia, and Indonesia. Oxley Holdings could bag $2.3b earnings from unbilled overseas contracts that are yet to be recognised. UOB Kay Hian said that Oxley’s UK-based Royal Wharf project, which is selling at price point of $1,073.31-$1,252.44 (£600-£700) psf, is targeted at the mass market segment.
Lately, I have witnessed quite a number of people walking with a swagger near the few kopitiams at Hougang area, and I started searching for the cause of this newfound confidence.
Plot handover of The Royal Wharf Phase 1A boosted its revenue. Oxley Holdings (Oxley) is on a tear as its Q1 profits soared by 199% YoY from $15.34m to $45.93m. According to its financial statement, revenue rose by 146% to $310.62m, mainly due to the recognition of revenue from the handover of certain plots in The Royal Wharf Phase 1A.
Every 10% price increase could lift its RNAV by 3%. Oxley Holdings is poised to benefit from the lift in the property market, thanks to its growing land bank, UOB Kay Hian said. Its residential landbank, with a total of 2,833 units for $3b gross development value (GDV), is the largest amongst Singapore-listed property stocks.
Oxley Holdings Limited (Oxley) reported a profit decline of 48% YoY to $43.6m in the final quarter of its fiscal year. According to its financial statement, profit before tax (PBT) fell 49% to $57.3m no thanks to profits from equity-accounted joint ventures and associates declining by $32.8m. The revenue of $224.33 million for 4Q2017 was mainly due to recognition of revenue using the completion of construction method upon the handover of certain plots in The Royal Wharf Phase 1A.
The property has a freehold area of 8,326 sqm. Oxley Holdings Limited announced that its subsidiary has been granted an option to purchase the property known as 231 Pasir Panjang Road at a purchase price ...
Based on statistics from the Urban Redevelopment Authority of Singapore, property price index slumped across the residential and commercial sectors in 1Q17.
Oxley Tower contributions finally kicked in. Property developer Oxley Holdings Limited announced a 103% spike in its net profit for the quarter ending in December at $123.2m, up from $60.814m from the same period last year. According to the group, the revenue of $605.73m for 2Q2017 was mainly due to recognition of revenue from a commercial project, Oxley Tower, using the completion of construction method upon its completion.