First Sponsor Group


First Sponsor reports 24.7% higher 2Q earnings of $15.1 mil on higher sales

SINGAPORE (July 25): First Sponsor Group, the property developer in the Netherlands and China, reported 2Q19 earnings of $15.1 million, 24.7% higher than the $12.1 million reported in 2Q18.

Family business

Consistent performers amongst SGX's family empire-linked plays

SINGAPORE (June 11): SGX lists at least 24 companies and two trusts associated with seven business empires run by some of Singapore’s richest families.


First Sponsor posts 39% increase in 1Q earnings to $23.8 mil; to launch rights issue of perps

SINGAPORE (Apr 25): First Sponsor Group announced that its 1Q19 earnings increased 39% to $23.8 million, compared to $17.1 million in 1Q18.

Equity raising

First Sponsor plans rights and bonus issues to raise up to $399 mil

SINGAPORE (Mar 25): First Sponsor Group is undertaking a rights issue of securities with detachable warrants as well as a bonus issue to raise up to $399.3 million for expansion.


First Sponsor reports 16.1% higher 3Q earnings of $25.6 mil as cost of sales falls faster

SINGAPORE (Oct 26): First Sponsor Group, the developer of residential and commercial properties, reported 3Q18 earnings of $25.6 million, 16.1% higher than a year ago despite lower revenue as cost

Broker's Calls

First Sponsor to benefit from post-Brexit relocation to the Netherlands

SINGAPORE (July 31): DBS is maintaining its “buy” call on First Sponsor Group with a target price of $1.62.


First Sponsor reports 29% rise in 2Q18 earnings to $12.1 mil despite lower revenue recognition

SINGAPORE (July 27): First Sponsor Group, the mixed property developer in the Netherlands and China, reported 2Q18 earnings of $12.1 million.

Broker's Calls

First Sponsor started at 'buy' on potential post-Brexit relocation

SINGAPORE (July 24): DBS Group Research is initiating coverage on First Sponsor Group with “buy” call and a target price of $1.62 on the back of potential post-Brexit relocation to the Netherlands.

First Sponsor associate disposes Dutch hotel for $11 mil

SINGAPORE (June 11): First Sponsor Group’s 31.4%-owned associated company, Queens Bilderberg (Nederland), is selling Landgoed Lauswolt for approximately $10.8 million.


First Sponsor to divest part of Chengdu Cityspring project for $97.5 mil

SINGAPORE (May 30): First Sponsor's indirect wholly-owned subsidiary, Chengdu Gaeronic Real Estate, has agreed to sell a portion of its Chengdu Cityspring project for a consideration of RMB465 mill

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