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It is about looking at business models and prospects rather than financial metrics .
Eg based on PE, ifast is valued at more than PE 40 now . But the share price has a very strong likelihood of doubling a few times in the next 5 to 10 years ...
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14-09-2020, 06:14 PM
(This post was last modified: 14-09-2020, 06:15 PM by donmihaihai.)
I think it is my faults that both curiousparty and dzum87 missed my points.
Curiousparty wrote about the potential of the $2.2B contracted sales for the next 3 years so I pointed out what happened in the past 3 years. You can think about it as Trump boost, vote for me, 4 more years making great America great. And I say look at what Trump done in the past 4 years.
I have never advocate using or not using PE to value a company. What I did is merely point out Oxley PE base on average earnings over the past 3 years and asked a question. And yes, it is in huge contrast with the projected P/S by curiousparty.
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15-09-2020, 11:45 PM
(This post was last modified: 15-09-2020, 11:49 PM by Curiousparty.)
Operational Review
In the last six months of FY2020, the Group’s operations were hampered by the lockdown of varying degree in Singapore and overseas arising from the outbreak of COVID-19 virus.
Construction progress is expected to be delayed by 4 to 6 months at the Singapore, Ireland and Malaysia development projects while the development projects in the United Kingdom and Cambodia have managed to catch up on the delay caused by the partial lock-down and safe distancing measures.
In Singapore, the Group has launched 11 development projects since April 2018 and the response received from buyers has been overwhelming. As of August 2020, 3,109 units or 79.3% have been sold and total sales secured amounted $3.5 billion. Two of the Group’s projects - Sea Pavilion Residences and The Addition (TOP achieved in April 2020) are 100% sold. Barring any unforeseen circumstances, the Group estimates the projects to be fully sold within the following 12 to 15 months.
During the “circuit-breaker” period, the Group used virtual showrooms to showcase the layout of the apartment units to potential buyers. After relaxation of the “circuit-breaker” control measures in early June, the Group experienced pent-up demand for the residential units. During the period April to early August 2020, Oxley issued more than 280 option-to-purchase to the buyers, garnering sales of more than $330.0 million.
Since the lifting of the “circuit-breaker” restrictions, all the Group’s construction sites in Singapore have gradually returned to full operation, and the Group can look to higher revenue, profit recognition as well as progressive billings of the sold units in the new financial year.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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one should be questioning why Oxley is getting interest rate at this rate (in this low interest environment!!!), and going into the finer details . e.g. IRR threshold
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For Immediate Release
Oxley Enters Strategic Partnership with Pavilion for the
Development of Oxley Towers, Kuala Lumpur City Centre
Singapore, 19 January 2021 – Oxley's wholly-owned Malaysia arm, Oxley Rising Sdn Bhd, has entered into a strategic partnership with Pavilion Project Management ("Pavilion"), a member of Pavilion Group, one of Malaysia's leading property developers, in the development of the landmark property, Oxley Towers at the heart of Kuala Lumpur at Kuala Lumpur City Centre, Oxley's most ambitious development in Malaysia to-date.
In this strategic partnership, Pavilion will oversee the project management, construction, sales and marketing, and administration of Oxley Towers.
Oxley Towers is a freehold property covering a land area of approximately 12,554 sqm and is located in the middle of the Kuala Lumpur City Centre precinct. Sharing the same skyline with the iconic Petronas Twin Towers, the development is also within easy reach of the Maxis Tower and the Kuala Lumpur Convention Centre. The development comprises two hotel towers with residences, an office tower and a retail podium linking all the three towers. The development has a gross development value of approximately SGD$1.1 billion.
Mr Ching Chiat Kwong, Chief Executive Officer of Oxley Holdings Limited, said, "We are thoroughly excited to work with a top name in Malaysia and we believe that the project is in good hands. Being able to form strategic partnerships with strong international partners is both a testament and a driving force to the strength of Oxley's brand and product. We have no doubt that Pavilion's expertise and networks will take the Oxley Towers project to the next level of excellence and we look forward to continue expanding both Oxley's and Pavilion's reach together in the Malaysia market."
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