KSH Holdings

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(25-10-2019, 01:50 PM)Sumeria Wrote: Pictorial updates on KSH's Gaobeidian first phase launch. The two almost completed buildings look likely to be the two commercial buildings as identified on the last picture. 

Taken from this website:
http://gaobeidian.jiwu.com/tu/list-loupan835502.html

[Image: origin] [Image: pc900x0][Image: pc900x0][Image: 170234193943.jpg][Image: 17033919619.jpg]

thanks for the update.  any news of their launch?  they mentioned that the launch is in oct?
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The Group's 22.5%-owned associated company, Gaobeidian City KAP Real Estate Development Co., Ltd
(高碑店阿尔伯特园房地产开发有限公司), has recently launched 216 residential units of the Phase 1 of Stage 1 of the residential
development project, Sino-Singapore Health City (中新健康城) in Gaobeidian, PRC. The launch has been well received by the
market, with an average selling price expected to earn a positive profit margin.

https://links.sgx.com/FileOpen/KSH%20Hol...eID=585268
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Update of Construction Order Book

KSH Holdings Limited said that, as at the date of this announcement, the Group’s construction order book in Singapore is more than S$401 million. The order book is expected to contribute to the Group’s financial results up to the financial year ending 31 March 2022.
Specuvestor: Asset - Business - Structure.
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The Board of Directors of KSH Holdings Limited (the “Company”, and together with
its subsidiaries, the “Group”), wishes to update that, as at the date of this
announcement, the Group’s construction order book in Singapore is more than S$472
million. The order book is expected to contribute to the Group’s financial results up to
the financial year ending 31 March 2023.

https://links.sgx.com/FileOpen/KSH%20Ann...eID=587196
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https://links.sgx.com/FileOpen/KSH%20Ann...eID=595803

The Board of Directors of KSH Holdings Limited (the “Company”, and together with
its subsidiaries, the “Group”), wishes to update Shareholders that following recent
amendments to Rule 705(2) of the SGX-ST Listing Manual which came into effect on
7 February 2020, the Company will be ceasing quarterly reporting with effect from 7
February 2020.
The Company notes that in addition to reducing manpower and other compliance
costs involved in the preparation of financial statements on a quarterly basis, a halfyearly financial reporting cycle, observation of strengthened disclosure requirements
with regular business updates is sufficient to keep the market informed of the
Company’s state of affairs.
Accordingly, the Company’s next financial results release shall be in respect of the
full year ending 31 March 2020, which will be announced via SGXNet on or before
30 May 2020.
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Oxley's slides indicate that 180 units have been sold at the Gaobeidian project though. KSH has a 22.5% stake.

中新健康城
Gaobeidian / Sino-Singapore
Health City
Stake: 27.5%
Tenure: 40/50/70-year
leasehold (varied across the
developments within the
Township)
Est GDV: S$4 billion*
No. of units: Township
development with 20,000
residential units
Sold: 180/654
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KSH WINS S$171.8 MILLION DESIGN & BUILD CONTRACT FOR BIOPOLIS PHASE 6 DEVELOPMENT
* Contract win lifts the Group’s order book to over S$615.0 million, with 44% consisting of public projects
* To progressively contribute positively to KSH’s financial performance

Singapore, 5 April 2021 – Well-established construction, property development and property management group, KSH Holdings Limited , announced today that it has clinched a S$171.8 million design and build contract under Biopolis Phase 6 development in one-north as well as works at the adjacent Buona Vista Node of the rail corridor from HB Universal Pte. Ltd., a wholly-owned subsidiary of the well-established and reputable SGX Mainboard-listed Ho Bee Land Limited.

This proposed Biomedical Sciences (BMS) project is part of the latest development in one-north which further signifies the Singapore government’s commitment to establish Singapore as a global research and development hub, while facilitating the continued growth of the BMS industry.

Under the scope of the project, KSH will construct the proposed BMS development consisting of a 12-storey tower block with two basement carparks and rail corridor works at North Buona Vista Drive (Queenstown Planning Area).

The project, which will lift KSH’s order book to over S$615.0 million, is expected to commence in April 2021 and complete within 27 months.

More details in https://links.sgx.com/1.0.0/corporate-an...ntract.pdf
Specuvestor: Asset - Business - Structure.
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Rainbow 
ksh FY result as at 31 Mar 2021
Rev $153m (vs 226m)
Gross Loss $1.7m (vs +9m)
Net Loss $4m (vs +15m)
Div 1cents (vs 1.2cents final) (vs 2.2cents Total)


https://links.sgx.com/FileOpen/KSH%20Hol...eID=668272


Mr Choo Chee Onn (朱峙安), Executive Chairman and Managing Director of KSH, said, 
“Our financial results have been adversely affected amidst vast challenges brought on by the global pandemic. The net loss was largely due to a revaluation of hotel and investment properties under these conditions. We reported a loss of S$3.9 million for the first half of FY2021, and we managed to recover all the losses in the second half of FY2021. We would have reported a profit for the full FY2021, if not for the adjustments relating to the revaluation of properties.

“Our results from the construction business in FY2021 has also been adversely affected by the COVID-19 pandemic that caused the slowdown in work progress and increased the cost of construction. Nevertheless, we have confidence in our construction business, backed by our strong order book of S$620.0 million and competent project teams. For prudence, we have not taken in any potential qualifying claims from the cost-sharing relief under COVID-19 (Temporary Measures) Act 2020 for our existing construction projects in the FY2021 results. Such claims will be offset against cost in the future when they materialise.


Stay home and stay safe, everyone.
Heart
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