Low Keng Huat (Singapore)

[greengiraffe]

LKH owns 40% of Westgate Office

http://www.businesstimes.com.sg/real-est...gate-tower

CPG inks 83,000 sq ft lease at Westgate Tower
By
Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT
BT_20141020_KROFFICE20_1327134.jpg Westgate Tower received Temporary Occupation Permit earlier this month. Including the CPG lease, about 60 per cent of Westgate Tower is leased
20 Oct5:50 AM
Singapore

IN THE biggest office leasing deal for a new suburban project so far this year, CPG Corporation has taken a lease of 83,000 sq ft at Westgate Tower next to Jurong East MRT Station. The group will move out from Novena Square, where it occupies its present office of about 80,000

Low Keng Huat slowly locking in recurring income, at 60% rented out, its a recurring income of ~0.77 cents/year from Westgate for LKH.

tight family control that won't mess around with their $...

However, given the rebuilding process, new value stream will take time to materialise

Odd Lots Vested
GG

[ngcheeki]

Based on the following website, LKH has already obtained T.O.P on 3rd Nov 2014 and is ready for occupancy

http://www.payalebarsquare.sg/home.aspx

http://payalebarsquare.salesrental.co/

Furthermore, their DBSS Parklane Residence has also obtained TOP on 29th October 2014 according to the following link.

https://www.facebook.com/permalink.php?i...4254621914

Another development project in Malaysia, Bina Park will be obtained TOP by Q4FY2014 too. LKH will likely to give out special interim dividend in this coming 3QFY2015 result which will be announced in early December.

vested

[greengiraffe]

In the price?

Anyway, Low Family has already recycled their completion proceeds via Westgate Office and Balestier Tower En-bloc.

I suspect there will be some special at final dividends since post this year, it will be lean years for LKH.

Odd Lots Vested
GG

Based on the following website, LKH has already obtained T.O.P on 3rd Nov 2014 and is ready for occupancy

http://www.payalebarsquare.sg/home.aspx

http://payalebarsquare.salesrental.co/

Furthermore, their DBSS Parklane Residence has also obtained TOP on 29th October 2014 according to the following link.

https://www.facebook.com/permalink.php?i...4254621914

Another development project in Malaysia, Bina Park will be obtained TOP by Q4FY2014 too. LKH will likely to give out special interim dividend in this coming 3QFY2015 result which will be announced in early December.

vested

[Wildreamz]

Result announcement today (probably after working hours).

Supposedly, lots of project obtained TOP this quarter (what many investors have been waiting for). Yet, market activity is slow and price receded to months low.

Opportunity to accumulate?

(vested)

[Vseeker]

Based on the following website, LKH has already obtained T.O.P on 3rd Nov 2014 and is ready for occupancy

http://www.payalebarsquare.sg/home.aspx

http://payalebarsquare.salesrental.co/

Furthermore, their DBSS Parklane Residence has also obtained TOP on 29th October 2014 according to the following link.

https://www.facebook.com/permalink.php?i...4254621914

Another development project in Malaysia, Bina Park will be obtained TOP by Q4FY2014 too. LKH will likely to give out special interim dividend in this coming 3QFY2015 result which will be announced in early December.
vested

Based on these TOP dates: Parkland Residence TOP on :29-OCt-2014 and PLSQ TOP on 03-Nov-2014

then upcoming Q3 results will only captured therevenues+earnings for Parkland Residence only...and NOT PLSQ yet.

PLSQ's only get captured into Q4 results - which only get released in March-2015

[ngcheeki]

Based on the following website, LKH has already obtained T.O.P on 3rd Nov 2014 and is ready for occupancy

http://www.payalebarsquare.sg/home.aspx

http://payalebarsquare.salesrental.co/

Furthermore, their DBSS Parklane Residence has also obtained TOP on 29th October 2014 according to the following link.

https://www.facebook.com/permalink.php?i...4254621914

Another development project in Malaysia, Bina Park will be obtained TOP by Q4FY2014 too. LKH will likely to give out special interim dividend in this coming 3QFY2015 result which will be announced in early December.
vested

Based on these TOP dates: Parkland Residence TOP on :29-OCt-2014 and PLSQ TOP on 03-Nov-2014

then upcoming Q3 results will only captured therevenues+earnings for Parkland Residence only...and NOT PLSQ yet.

PLSQ's only get captured into Q4 results - which only get released in March-2015

Yes Vseeker, you are right on the revenue and profit recognition quarter. However, the cash flow should continue to come in rights?

During the last AGM there was a request from shareholders to give interim dividend before the final FY2015 result is announced. MD Low Keng Boon was for the idea once these development projects obtained TOP. However, he did not commit to it though.

vested

[ngcheeki]

There is no interim dividend even though the result is pretty good, 9MFY2014 EPS of 11.3 cents, Net gearning of 57.6%, NAV of 74 cents. Paya Lebar Square TOP on 3 Nov 2014. The following is a short summary of the numbers:

Mkt Price $0.655
NAV $0.7385
Price/BV 0.8870

Net Cash(S$'000) ($314,712.00)
Net Gearing -57.6828%
Net Debt per share(S$) ($0.42597)

9MFY2015
Revenue $459,345.00
Profit $83,535.00
EPS $0.1131

Other important notes:

- Paya Lebar Square (Retail Mall) received TOP on 3 November 2014 while Balestier Towers and Kismis Lodge are still in planning and design stage.

- As of 1 December 2014, 8 office units at Paya Lebar Square remained unsold and 2 residential units at Parkland Residences are available for booking.

- Westgate Tower and Paya Lebar Square (Retail Mall) obtained TOP on 9 October 2014 and 3 November 2014 respectively. Westgate Tower and Paya Lebar Square (Retail Mall) achieved leasing commitment of 55% and 95% respectively as at 31 October 2014


http://infopub.sgx.com/FileOpen/20141211...eID=327790

[ngcheeki]

Low Kheng Huat’s 3Q earnings surge to $65.1 million on higher revenue recognition

SINGAPORE (Dec 11): Construction company Low Kheng Huat ( Financial Dashboard) reported a more than six times increase in third quarter earnings from a year ago.

For the 3Q15 ended Oct, earnings rose 523% to $65.1 million, or 8.81 cents per share, from $10.4 million in 3Q14.

Revenue rose to $408.5 million from $22.2 million for the quarter.

For the nine months ended Oct, earnings rose 102% to $83.5 million from $41.4 million. Revenue came in at $459.3 million, up from $57.7 million.

Construction revenue increased to $52.7 million due to the increase in construction activity at Genting Hotel at Jurong Town Hall Road.

Revenue for hotel & F&B businesses decreased to $33.8 million from $38 million during the previous year.

Development revenue came in at $372.6 million, due to the recognition of revenue from Parkland Residences, a DBSS development which obtained its TOP on Oct 29.

In its outlook, Low Kheng Huat said the cooling measures introduced by the Singapore government and the release of more land for development to cool the residential market continues to slow down the already sluggish property market.

Low Kheng Huat closed flat at 66 cents today.

http://www.theedgemarkets.com/sg/article...ecognition

[BlueKelah]

The earnings have all 'song song go to Jurong' liao loh

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[safetyfirst]

The earnings have all 'song song go to Jurong' liao loh

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haha what does this mean?