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Hock Lian Seng
17-04-2017, 10:41 AM.
Post: #81
RE: Hock Lian Seng
The business of HLS looks good. But how are they doing financially?

HLS Financial Analysis

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09-09-2017, 12:18 PM.
Post: #82
RE: Hock Lian Seng
Is the industrial project in Tuas receiving good response with situation of over supply ?

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03-12-2018, 10:58 AM.
Post: #83
RE: Hock Lian Seng
(09-09-2017, 12:18 PM)Stocker Wrote: Is the industrial project in Tuas receiving good response with situation of  over supply ?

Revenue increased by 77% to $151.7 million, contributed mainly from the much higher construction activities for the Joint Venture Changi Airport project. [b]Revenue of $4.3 million was recognized for Property Development in relation to the sales of units at Shine@TuasSouth. About 5% of the units at Shine@TuasSouth were sold as at 30 September 2018. Rental income from Investment properties remained insignificant.[/b]

Gross profit increased by $4.3 million (+49%) to $13.2 million mainly due to the higher revenue from the Civil Engineering segment. Gross margin for the ongoing projects was lower for the current financial period. [b]No contribution of gross profit from Property development segment despite of sales recognition , as the Shine@TuasSouth project is not expected to be profitable due to current subdue market conditions.
[/b]


“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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03-12-2018, 05:20 PM. (This post was last modified: 03-12-2018, 05:52 PM by cfa.)
Post: #84
RE: Hock Lian Seng
This might not be another profitable development due to recent change of development rule by URA ?

http://infopub.sgx.com/FileOpen/Award%20...eID=506300



AWARD OF TENDER FOR RESIDENTIAL SITE AT MATTAR ROAD AND INCREASED IN PAID-UP  CAPITAL OF FSKH DEVELOPMENT PTE. LTD. ____________________________________________________________________________________
 
 
The Board of Directors of Hock Lian Seng Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that its 45% owned joint venture company, FSKH Development Pte. Ltd. (“FSKH”), has been awarded the tender by the Urban Redevelopment Authority (“URA”) for a residential site at Mattar Road (the “Site”) at the tender price of S$223,019,000 on 17 May 2018.   
The Site, which is under a 99-year lease, has a site area of 6,230.2 square metres with a maximum gross floor area (GFA) of 18,691 square metres. It can yield an estimated 250 units. The Site is located beside Mattar MRT station and within proximity of the commercial cluster at Paya Lebar.
The paid-up capital of FSKH has been increased to S$1,000,000 and the shareholders structure remain unchanged as per our announcement dated 11 April 2018.
The Group will fund its share of the cost of acquisition of the Site and intended development by internal resources and bank borrowings.
The acquisition of the Site by FSKH is not expected to have a material impact on the Group’s net tangible assets and earnings per share for the financial year ending 31 December 2018.
None of the directors or controlling shareholders has any interest, direct or indirect, in the Joint Venture or development of the Site, save for their shareholdings in the Company.
 
BY ORDER OF THE BOARD  
 
 
Chew Kok Liang Company Secretary
 
Date: 17 May 2018
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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