Guocoland says net earnings dropped 64% to $21.6 million for the second quarter ended December 31, 2010 (FY2010) on the back of a 55% decrease in revenue to $162.8 million. The was led by lower sales contribution from its development projects in China. Meanwhile, share of profit from associates increased by $5.9 million in 2QFY2010, mainly due to higher share of profit from a Singapore associate after the successful sale of a penthouse unit in the quarter.
Post Reply
41-60 of 75
... $2.00 support seems strong .... recent high is $2.57....
Hong Leong Finance based in Singapore is very much controlled by coursin Kwek Leng Beng so privatization plans unlikely but GuocoLeisure is controlled by Quek Leng Chan and Rumours have been circulating for some time that counter is undervalued against book value and tycoon Quek paid high price to wrestle control from New Zealand group many years ago stand high chance of privatization.
Octavia ( Date: 14-Jan-2013 23:57) Posted:
|
Malaysia's Hong Leong says to take investment banking arm private.Hong Leong Financial Group Bhd, a Malaysian lender controlled by the country's sixth richest man Quek Leng Chan, will take its 79 per cent-owned investment banking arm Hong Leong Capital Bhd private, according to a stock exchange filing late on Monday.
It also comes a month after Quek made an offer to take his Hong-Kong listed property-to-equity investment firm Guoco Group Ltd private for US$1.1 billion.Hong Leong Financial Group said it will acquire all the shares it doesn't own in Hong Leong Capital for RM1.71 per share, or a total of RM84 million (US$27.81 million).
Duuno whether the Singapore listed HL Finance and Guoco Land is related to Quek LC.If it has, it may have some development later on.Just a speculation thought.
Read:http://www.businesstimes.com.sg/breaking-news/companies-world/malaysias-hong-leong-says-take-investment-banking-arm-private-20130114
It also comes a month after Quek made an offer to take his Hong-Kong listed property-to-equity investment firm Guoco Group Ltd private for US$1.1 billion.Hong Leong Financial Group said it will acquire all the shares it doesn't own in Hong Leong Capital for RM1.71 per share, or a total of RM84 million (US$27.81 million).
Duuno whether the Singapore listed HL Finance and Guoco Land is related to Quek LC.If it has, it may have some development later on.Just a speculation thought.
Read:http://www.businesstimes.com.sg/breaking-news/companies-world/malaysias-hong-leong-says-take-investment-banking-arm-private-20130114
This one is great moving up all the way, vested since $2.04. Cheers! 
Cover my shorts on Guocoland today.
Made a little bit for coffee money.
QLC buying back ?? Share prices very srtong support there !
Short Guocoland as well.
Just a little.
Stop-loss at $2.14
T.P. is $1.95.
Reversal?
GuocoLand Limited announced that the GLL Group has entered into a joint venture with Employees Provident Fund of Malaysia in relation to the GLL Group’s development of the Tanjong Pagar white site at Peck Seah Street/Choon Guan Street .
http://sgsharemarket.com/home/2011/06/singapore-company-highlights-17062011/?=Guocoland
GuocoLand, the developer controlled by Malaysian tycoon Quek Leng Chan, said it will pay $1.7 billion for a Singapore downtown site where it will build the city’s tallest apartments.
The 280-meter development, which will cost $3.2 billion including the land, will also have 1 million square feet (92,900 square meters) of office space, a hotel and shopping center, it said in a statement to the Singapore stock exchange today.
GuocoLand, which bought the site with a 99-year lease at a government auction, plans to complete the development by 2016, it said.
The project is being planned as Singapore’s economy expanded a record 14.5% in 2010, which probably made the city of 5 million people the fastest growing in the world after Qatar, according to International Monetary Fund estimates. Fourth-quarter private home prices also climbed 2.7% to a record, according to government data.
/theedge/
| Guocoland posts 64% drop in 2Q net earnings to $21.6m |
| WRITTEN BY THE EDGE |
| THURSDAY, 27 JANUARY 2011 19:44 |
/theedge//
can buy?
This counter fall like hell from 2.58.... at current level seem already stable.... but still can see sonone keep selling ??
2 order total 150 lots buying up the sell queue.... brewing..
Since 2 newprojects profit are not recognized, thenlooking forward it is promising
For Q1 ended 30 September 2009, the Group reported a net profit of $12.4 million compared to a net loss of $2.8 million in the previous corresponding period. Gross profit was $31.7 million primarily contributed by property development projects in China.
The Group’s revenue and cost of sales decreased by 37% and 47% to $95.7 million and $64.0 million respectively compared to the previous corresponding period. The decrease was largely due to lower contribution from property development projects in Singapore as several projects were fully sold and completed during the previous financial year.
During the quarter ended 30 September 2009, the Group launched Sophia Residence and Elliot at the East Coast. The launches were well received and to-date, the Group achieved sales of 86% and 64% in Sophia Residence and Elliot at the East Coast respectively. There was no profit contribution from these two developments in this quarter as construction has not commenced. Contribution to the Group’s revenue and cost of sales was however higher for property development projects in China as higher sales were recorded in Ascot Park in Nanjing and Changfeng project in Shanghai.
Economies in Asia are showing signs of recovery following stabilisation of the global economy and implementation of various economic stimulus measures by governments. In tandem with the rebound in stock markets, buyers’ confidence in property markets, especially in Singapore and China, have strengthened with strong pick-up seen in both residential sales and prices. Riding on this momentum in the property markets, the Group has seen strong sales in its development projects in Singapore and China. The Group will continue to monitor the property markets in the countries in which the Group operates, and time its property launches accordingly whilst seeking opportunities to replenish its land bank.
buylist ( Date: 19-Oct-2009 00:18) Posted:
|
Anyone familiar with this stock can comment after the Q1 result released last week?
What the news for it to hit a high of 2.47?
keep on breaking again!...top vol today!..
woohoo!
This one has broken new high