Latest news with #BukitSembawangEstates
Business Times
27-05-2025
- Business
- Business Times
Bukit Sembawang H2 earnings up 13% at S$51.4 million; company proposes higher special dividend
[SINGAPORE] Property developer Bukit Sembawang Estates reported a net profit after tax of S$51.4 million for the second half of its financial year ending Mar 31, a 13 per cent increase from S$45.6 million over the same period last year. The increase was mainly due to higher profits being recognised for residential development projects Pollen Collection, Liv@MB and Fraser Residence Orchard, said the property developer via a bourse filing on Monday (May 26). However, revenue fell 24 per cent to S$225.9 million from S$297.7 million over the same period mainly due to the absence of revenue contribution from a completed project call The Atelier, which had its revenue fully recognised in the previous half-year reporting period. Cost of sales was down 34 per cent at S$166.5 million. However, gross profit rose 32 per cent to S$59.4 million in H2 FY2025. As a result, earnings per share increased to S$0.1984 from S$0.1762 over the same period. While higher profits were recognised from the property development segments, there were lower profits from the hospitality segment. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up This was due to lower impairment loss on property, plant and equipment at Fraser Residence Orchard. The company said that the cooling measures implemented in April 2023 – when the government hiked Additional Buyer's Stamp Duty rates to 60 per cent for foreigners – continue to dampen property demand, particularly from foreign buyers as well as investment-driven purchases by Singaporeans and permanent residents. 'At the same time, a cautious economic outlook, both globally and locally, is weighing on investor sentiment. Within this context, the residential property market remains challenging, with elevated construction and development costs continuing to put pressure on margins,' the group said. 'The group will continue to monitor the progress of construction of our ongoing projects to ensure timely completion. It will also adopt a prudent and measured approach in calibrating the timing of upcoming launches of residential projects, in alignment with prevailing market conditions and buyer sentiment,' it added. For the full year, earnings surged 61 per cent to S$114 million on a 2 per cent dip in revenue to S$550 million. The group has proposed a final dividend of 4 cents and special dividend of 16 cents a share; compared with 4 and 12 cents the year before. Shares of Bukit Sembawang Estates fell 0.3 per cent, or S$0.01 to close at S$3.92 on Monday.
Business Times
26-05-2025
- Business
- Business Times
Bukit Sembawang Estates H2 FY2025 earnings up 13% at S$51.4 million
[SINGAPORE] Property developer Bukit Sembawang Estates reported a net profit after tax of S$51.4 million for the second half of its financial year ending Mar 31, a 13 per cent increase from S$45.6 million over the same period last year. The increase was mainly due to higher profits being recognised for residential development projects Pollen Collection, Liv@MB and Fraser Residence Orchard, said the property developer via a bourse filing on Monday (May 26). However, revenue fell 24 per cent to S$225.9 million from S$297.7 million over the same period mainly due to the absence of revenue contribution from a completed project call The Atelier, which had its revenue fully recognised in the previous half-year reporting period. Cost of sales was down 34 per cent at S$166.5 million. However, gross profit rose 32 per cent to S$59.4 million in H2 FY2025. As a result, earnings per share increased to S$0.1984 from S$0.1762 over the same period. While higher profits were recognised from the property development segments, there were lower profits from the hospitality segment. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up This was due to lower impairment loss on property, plant and equipment at Fraser Residence Orchard. The company said that the cooling measures implemented in April 2023 – when the government hiked Additional Buyer's Stamp Duty rates to 60 per cent for foreigners – continue to dampen property demand, particularly from foreign buyers as well as investment-driven purchases by Singaporeans and permanent residents. 'At the same time, a cautious economic outlook, both globally and locally, is weighing on investor sentiment. Within this context, the residential property market remains challenging, with elevated construction and development costs continuing to put pressure on margins,' the group said. 'The group will continue to monitor the progress of construction of our ongoing projects to ensure timely completion. It will also adopt a prudent and measured approach in calibrating the timing of upcoming launches of residential projects, in alignment with prevailing market conditions and buyer sentiment,' it added. Shares of Bukit Sembawang Estates fell 0.3 per cent, or S$0.01 to close at S$3.92 on Monday.
Yahoo
20-03-2025
- Business
- Yahoo
Bukit Sembawang Estates Limited's (SGX:B61) largest shareholders are individual investors with 51% ownership, private companies own 43%
Bukit Sembawang Estates' significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 14 investors have a majority stake in the company with 49% ownership Using data from company's past performance alongside ownership research, one can better assess the future performance of a company The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. If you want to know who really controls Bukit Sembawang Estates Limited (SGX:B61), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 51% to be precise, is individual investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Meanwhile, private companies make up 43% of the company's shareholders. In the chart below, we zoom in on the different ownership groups of Bukit Sembawang Estates. View our latest analysis for Bukit Sembawang Estates Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Bukit Sembawang Estates does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Bukit Sembawang Estates, (below). Of course, keep in mind that there are other factors to consider, too. Bukit Sembawang Estates is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Selat (Pte) Limited with 29% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.5% and 4.6%, of the shares outstanding, respectively. Our studies suggest that the top 14 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our data suggests that insiders own under 1% of Bukit Sembawang Estates Limited in their own names. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It appears that the board holds about S$5.9m worth of stock. This compares to a market capitalization of S$932m. Many tend to prefer to see a board with bigger shareholdings. A good next step might be to take a look at this free summary of insider buying and selling. The general public, mostly comprising of individual investors, collectively holds 51% of Bukit Sembawang Estates shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. We can see that Private Companies own 43%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For instance, we've identified 2 warning signs for Bukit Sembawang Estates (1 is significant) that you should be aware of. Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
