Latest news with #StamfordLand
Business Times
4 days ago
- Business
- Business Times
Stamford Land H2 profit falls 14.2% to S$17.6 million on lower contributions from property development segment
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. Earnings per share (EPS) stood at S$0.0119, down from S$0.0138. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. The declines were driven by lower revenue in its property development segment, which recorded S$4.6 million less in contributions for H2 compared to the year-ago period, the group said on Friday (May 30). The hotel owning and management segment faced S$516,000 lower revenue for the half-year while the property investment segment recorded S$204,000 lower revenue. A final dividend per share of S$0.005 was proposed, unchanged from the year-ago period, with the date payable and book closure date to be announced at a later date. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up For the full year, its net profit stood at S$32.8 million, an increase from S$5.9 million it recorded in the year-ago period. EPS was S$0.0221 versus S$0.004 in the year prior. Revenue for the year was largely stable, falling by 5.5 per cent to S$148.4 million, from S$157 million previously. Lower full-year revenue came amid a S$6.4 million or 89.4 per cent decline in revenue from the property development segment, as the group settled one unit during the fiscal year, down from 10 units a year prior. The hotel owning and management segment's revenue dipped marginally by 1.7 per cent or S$2.1 million. This was primarily due to lower room rates in the group's hotels, caused by softer market conditions, including the depreciation of the Australian dollar against the Singapore dollar. The segment also faced higher operation costs on increased property taxes, alongside staff, energy and other direct costs. The property investment's revenue was largely stable, rising slightly by 0.1 per cent due to the appreciation of the sterling pound against the Singapore dollar. In terms of outlook, the group noted that the hotel business faces 'formidable competition' amid global trade uncertainty and trade war tariffs, alongside a tight labour market and rising operational and manpower costs. The counter ended Friday flat at S$0.375 before the announcement.
Business Times
4 days ago
- Business
- Business Times
Stamford Land H2 profit falls 14.2% to S$17.6 million amid softer market, Australian dollar depreciation
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. Earnings per share (EPS) stood at S$0.0119, down from S$0.0138. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. The lower revenue and operating profit was mainly due to lower room rates in the group's hotels caused by a softer market, as well as due to the depreciation of the Australian dollar against the Singapore dollar, the group said on Friday (May 30). A final dividend per share of S$0.005 was proposed, unchanged from the S$0.005 dividend per share for the year-ago period, with the date payable and book closure date to be announced at a later date. For the full year, its net profit stood at S$32.8 million, an increase from S$5.9 million it recorded in the year-ago period. EPS was S$0.0221 versus S$0.004 in the year prior. Revenue for the year was largely stable, falling by 5.5 per cent to S$148.4 million, from S$157 million previously. The counter ended Friday flat at S$0.375 before the announcement.
Business Times
4 days ago
- Business
- Business Times
Stamford Land H2 net profit falls 14.2% amid softer market, Australian dollar depreciation
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. Earnings per share (EPS) stood at S$0.0119, down from S$0.0138. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously. The lower revenue and operating profit was mainly due to lower room rates in the group's hotels caused by a softer market, as well as due to the depreciation of the Australian dollar against the Singapore dollar, the group said on Friday (May 30). A final dividend per share of S$0.005 was proposed, unchanged from the S$0.005 dividend per share for the year-ago period, with the date payable and book closure date to be announced at a later date. For the full year, its net profit stood at S$32.8 million, an increase from S$5.9 million it recorded in the year-ago period. EPS was S$0.0221 versus S$0.004 in the year prior. Revenue for the year was largely stable, falling by 5.5 per cent to S$148.4 million, from S$157 million previously. The counter ended Friday flat at S$0.375 before the announcement.
Yahoo
31-03-2025
- Business
- Yahoo
Investing in Stamford Land (SGX:H07) five years ago would have delivered you a 33% gain
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than that, you probably want to see it rise more than the market average. But Stamford Land Corporation Ltd (SGX:H07) has fallen short of that second goal, with a share price rise of 18% over five years, which is below the market return. Unfortunately the share price is down 8.9% in the last year. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Stamford Land's earnings per share are down 9.9% per year, despite strong share price performance over five years. Since the EPS are down strongly, it seems highly unlikely market participants are looking at EPS to value the company. The falling EPS doesn't correlate with the climbing share price, so it's worth taking a look at other metrics. The modest 1.4% dividend yield is unlikely to be propping up the share price. It is not great to see that revenue has dropped by 0.2% per year over five years. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Stamford Land's earnings, revenue and cash flow. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Stamford Land's TSR for the last 5 years was 33%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! While the broader market gained around 25% in the last year, Stamford Land shareholders lost 7.6% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 6% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 1 warning sign for Stamford Land that you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. 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
