GL Limited

Results

GL Limited posts 15% drop in FY19 earnings to $70 mil

SINGAPORE (Aug 23): GL Limited, formerly known as GuocoLeisure, saw its earnings fall 15% to US$50.3 million ($69.7 million) for the FY19 ended June, from US$59.0 million a year ago.

Results

GL Limited records five-fold surge in 3Q earnings to US$24 mil on one-off gains

SINGAPORE (Apr 27): GL Limited, formerly known as GuocoLeisure, saw its earnings jump more than five-fold to US$24.0 million ($31.8 million) for the 3Q ended March, from US$4.4 million a year ago.

Results

GL Limited 2Q earnings fall 15% to $15 mil on forex-related costs

SINGAPORE (Feb 2): GL Limited, formerly known as GuocoLeisure, posted a 15% decline in 4Q18 earnings to US$11.6 million ($15.2 million) from US$13.5 million in the same period a year ago on higher

Broker's Calls

GL's potential for privatisation, asset disposal gets it a starting ‘buy’

SINGAPORE (Oct 31): UOB KayHian is starting GL Limited with a “buy” with $1.185 target price given its potential for privatisation as well as asset disposal.

Results

GL Limited 1Q earnings up 58% to $23.6 mil on absence of one-off provision

SINGAPORE (Oct 19): GL Limited, formerly known as GuocoLeisure, reported a 58% increase in earnings to US$17.4 million ($23.6 million) for the 1Q ended September, from US$11.0 million a year ago.

Broker's Calls

GL kept at ‘buy’ from Lim & Tan as sale of loss-making assets could have upside potential

SINGAPORE (Oct 16): Lim & Tan Securities is maintaining its “buy” recommendation on GL given its undemanding gearing ratio, attractive discount to its asset value, and potential upside from its

Results

GL Limited reports 28% fall in FY17 earnings to $66.4 mil as sales fall across the board

SINGAPORE (Aug 25): GL Limited, formerly known as GuocoLeisure, reported a 28% fall in FY17 earnings to US$49 million ($66.4 million) from US$67.6 million a year ago.

Results

GL Limited 3Q earnings up 26% to US$4.4 mil

SINGAPORE (April 21): GL Limited, formerly known as GuocoLeisure, posted a 26% increase in earnings to US$4.4 million ($6.1 million) for the quarter ended March 31, from US$3.5 million a year ago.

Investing strategy

11 potential privatisation targets to go after: UOB

SINGAPORE (Mar 8): UOB Kay Hian has shortlisted a number of SGX-listed stocks as possible “go” plays for investors, with the potential to be privatised.

Broker's Calls

More near-term volatility lies ahead for GL Limited

SINGAPORE (Jan 25): CIMB continues to rate GL Limited at “hold” with a lower target price of 84 cents from 86 cents previously, after the hospitality and leisure group holding company last week pos

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