Latest news with #SUTLEnterprise
Barnama
25-04-2025
- Business
- Barnama
Desaru Coast Partners With ONE°15 Marina To Boost Marine Tourism
(Left-right) Executive Director and CEO of SUTL Enterprise Arthur Tay, Director of Business Services, Destination Resorts and Hotels Sdn Bhd Karina Ridzuan and Chief Operating Officer, Desaru Coast Izrin Hashim at the Singapore Yachting Festival (SYF) 2025 recently. KUALA LUMPUR, April 25 (Bernama) -- Desaru Coast has formalised a partnership with ONE°15 Marina, a subsidiary of SUTL Enterprise (SUTL), a leading developer, operator and consultant of integrated marinas. The collaboration aims to enhance Desaru Coast's tourism offerings by optimising key infrastructure assets, including the ferry terminal. Director of Business Services, Destination Resorts and Hotels Sdn Bhd, parent company of Desaru Ferry Sdn Bhd, owner and operator of Desaru Coast Ferry Terminal, Karina Ridzuan said the partnership reflects the strong bilateral cooperation between Singapore and Johor with the impending Johor-Singapore Special Economic Zone and demonstrates investor confidence in Desaru Coast. 'As a premier coastal destination in Johor, we are delighted to partner with the esteemed ONE°15 Marina to introduce premium marina facilities and curated sailing experiences at the Desaru Coast Ferry Terminal. 'ONE°15 Marina Desaru Coast Malaysia catalyses the marine and leisure economy by placing our destination on the global yachting map welcoming an international community of yacht owners, club members, and seasoned boaters in search of new and vibrant destinations. 'The collaboration will see ONE°15 Marina Desaru Coast operate wet and dry berths at the Desaru Coast Ferry Terminal and the introduction of a suite of sailing experiences for guests at the destination,' Karina said in a statement. The announcement was made in Singapore at the Desaru Coast booth on the second day of Singapore Yachting Festival (SYF) 2025. She added that by enabling seamless maritime access and offering new experiences, Desaru Coast aims to reinforce its position as a vibrant lifestyle destination for both leisure travellers as well as the yachting community in the region. During SYF, Desaru Coast also previewed the Ombak Festival 2025, Desaru Coast's marquee cultural and lifestyle event, which is set to return this September.
Yahoo
24-04-2025
- Business
- Yahoo
SUTL Enterprise (SGX:BHU) Will Pay A Dividend Of SGD0.05
The board of SUTL Enterprise Limited (SGX:BHU) has announced that it will pay a dividend on the 19th of June, with investors receiving SGD0.05 per share. The dividend yield will be 7.2% based on this payment which is still above the industry average. We've discovered 2 warning signs about SUTL Enterprise. View them for free. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. SUTL Enterprise was earning enough to cover the previous dividend, but it was paying out quite a large proportion of its free cash flows. By paying out so much of its cash flows, this could indicate that the company has limited opportunities for investment and growth. Over the next year, EPS could expand by 27.3% if recent trends continue. If the dividend continues along recent trends, we estimate the payout ratio will be 47%, which is in the range that makes us comfortable with the sustainability of the dividend. Check out our latest analysis for SUTL Enterprise SUTL Enterprise's dividend has been pretty stable for a little while now, but we will continue to be cautious until it has been demonstrated for a few more years. The annual payment during the last 8 years was SGD0.02 in 2017, and the most recent fiscal year payment was SGD0.05. This implies that the company grew its distributions at a yearly rate of about 12% over that duration. The dividend has been growing rapidly, however with such a short payment history we can't know for sure if payment can continue to grow over the long term, so caution may be warranted. The company's investors will be pleased to have been receiving dividend income for some time. It's encouraging to see that SUTL Enterprise has been growing its earnings per share at 27% a year over the past five years. The company doesn't have any problems growing, despite returning a lot of capital to shareholders, which is a very nice combination for a dividend stock to have. In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about SUTL Enterprise's payments, as there could be some issues with sustaining them into the future. While SUTL Enterprise is earning enough to cover the dividend, we are generally unimpressed with its future prospects. We would be a touch cautious of relying on this stock primarily for the dividend income. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. To that end, SUTL Enterprise has 2 warning signs (and 1 which is a bit concerning) we think you should know about. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. 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.
Yahoo
18-04-2025
- Business
- Yahoo
SUTL Enterprise's (SGX:BHU) Solid Earnings May Rest On Weak Foundations
SUTL Enterprise Limited's (SGX:BHU) healthy profit numbers didn't contain any surprises for investors. However the statutory profit number doesn't tell the whole story, and we have found some factors which might be of concern to shareholders. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. This ratio tells us how much of a company's profit is not backed by free cashflow. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". Over the twelve months to December 2024, SUTL Enterprise recorded an accrual ratio of 0.72. That means it didn't generate anywhere near enough free cash flow to match its profit. Statistically speaking, that's a real negative for future earnings. In fact, it had free cash flow of S$5.3m in the last year, which was a lot less than its statutory profit of S$8.53m. SUTL Enterprise shareholders will no doubt be hoping that its free cash flow bounces back next year, since it was down over the last twelve months. The good news for shareholders is that SUTL Enterprise's accrual ratio was much better last year, so this year's poor reading might simply be a case of a short term mismatch between profit and FCF. As a result, some shareholders may be looking for stronger cash conversion in the current year. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of SUTL Enterprise. As we discussed above, we think SUTL Enterprise's earnings were not supported by free cash flow, which might concern some investors. As a result, we think it may well be the case that SUTL Enterprise's underlying earnings power is lower than its statutory profit. But at least holders can take some solace from the 68% per annum growth in EPS for the last three. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you'd like to know more about SUTL Enterprise as a business, it's important to be aware of any risks it's facing. Every company has risks, and we've spotted 2 warning signs for SUTL Enterprise (of which 1 is potentially serious!) you should know about. This note has only looked at a single factor that sheds light on the nature of SUTL Enterprise's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. 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
South China Morning Post
16-04-2025
- Business
- South China Morning Post
Hong Kong airport authority plans 500-berth yacht bay to promote marina tourism
While yachting is often perceived as an activity for the privileged few, Lawrence Chow entered the world of sailing by spending about HK$16,000 (US$2,063) to buy a boat with two friends about 10 years ago. Advertisement 'It is a small boat but very affordable, splitting between three people, and we can enjoy the water,' said Chow, who is now the chairman of the Hong Kong Boating Industry Association (HKBIA), which represents all sectors of the leisure marine sector and aims to make boating more accessible to the public. Leisure-boat ownership in Hong Kong is growing faster than in other Asian markets, fuelled by younger consumers' tendency to splurge on experiences and the recovery of travel after the Covid-19 pandemic. The government has set out policies to support the city in attracting yacht sales and oceangoing travellers, which could make the city a centre for the industry's further growth, according to experts. The global leisure yacht market, valued at US$39 billion last year, was projected to reach US$43 billion by 2032, with a compound annual growth rate of 5 per cent, said Arthur Tay, CEO of marina developer and operator SUTL Enterprise. At the firm's yachting festival in Singapore last week, he said this growth indicated strong global interest in leisure boating, luxury experiences and marina tourism. Advertisement The number of licensed pleasure vessels in Hong Kong more than doubled to 12,325 in 2024 from 2007, according to the Marine Department. The total far surpasses other Asian markets, including Singapore with about 4,000 pleasure crafts, mainland China with 6,000 and Japan with 7,113, based on separate industry estimates.
