KSH Holdings

KSH announces $55.4 mil construction contract win
SINGAPORE (Apr 26): KSH Holdings announced Friday that wholly–owned subsidiary Kim Seng Heng Engineering Construction has been awarded a construction contract worth more than $55.4 million. The new contract is expected to commence in May 2019, and expected to be completed by December 2020. The latest contract win brings KSH’s construction order book in Singapore to more than $486.0 ...
Heeton-led consortium acquires Crowne Plaza hotel in London for $149 mil
SINGAPORE (April 14): A consortium led by Heeton Holdings has fully acquired LC London, which owns the Crowne Plaza London Kensington hotel in London, UK, for £84.3 million ($148.9 million). AF Global, who in Dec last year announced it was selling full ownership rights for Crowne Plaza London Kensington for some £84.4 million in cash, is the former owner of LC London. It is also a subsidiary ...
KSH Holdings posts 36% drop in 3Q earnings to $6.1 mil
SINGAPORE (Feb 14): KSH Holdings reported 3Q19 earnings declined 35.8% to $6.08 million from $9.47 million in 3Q18. In 9M19, the group’s earnings came up to $16.4 million, 16.2% lower than $19.6 million in 9M18. Total revenue for the quarter was 80.6% higher at $65.5 million from $36.3 million last year, supported by an 84.1% y-o-y increase in project revenue to $64.2 million, but ...
Heeton-KSH-Oxley-SLB JV delays Nov launch of Gaobeidian project amid trade war
SINGAPORE (Oct 21): Heeton Holdings, KSH Holdings, Oxley Holdings and SLB Development have delayed the November launch of its Gaobeidian project in China. This is due to uncertainties arising from ongoing trade war between the US and China, the JV said in a filing on Friday night. The JV is investing RMB145 million ($28.8 million) in the developer of a property project in Gaobeidian in ...
Heeton, KSH, Lian Beng jointly acquire Hotel Indigo Glasgow in Scotland
SINGAPORE (Oct 3): Heeton Holdings, KSH Holdings and Lian Beng Group have jointly acquired Hotel Indigo Glasgow in Scotland on Monday. The consortium is led by Heeton, which holds an effective interest of 60%, while Lian Beng and KSH have 20% each. This is the consortium’s first hospitality asset in Scotland. The property is located near the Glasgow Central station and is well placed for ...
Heeton and KSH in joint acquisition of second Japan hotel
SINGAPORE (Aug 16): Heeton Holdings and KSH Holdings is jointly acquiring its second hotel in Japan. The 10-storey Smile Hotel in Asakusa, Tokyo, comprises 96 bedrooms and is located close to the Asakusa metro. The freehold property has a land area of 361.38 sqm and a total gross floor area of 1,793.43 sqm. Heeton will hold a 70% interest while KSH will hold the remaining 30% in the ...
KSH's construction segment has more quarters of strong earnings growth in store: OCBC
SINGAPORE (July 16): OCBC is reiterating its “buy” recommendation on KSH Holdings with a lowered target price of 94 cents. This came despite the group’s stock price falling 4.7% to 61.5 cents on Jul 13, following the Singapore government’s recent announcement on new property cooling measures. In a Monday report, lead analyst Deborah Ong says, “While we do see the latest round of ...
112 of 300 units put up for sale at Affinity at Serangoon sold over weekend: Oxley
SINGAPORE (June 4): Oxley Holdings says JV unit Oxley Serangoon sold 112 units out of the 300 units at Affinity at Serangoon during its Phase 1 launch over the weekend. The average price for the units sold was $1,575 psf and from across all unit types, says Oxley in a Monday night filing. Eighty percent of the buyers were Singaporeans with the remaining 20% made up of PRs and ...
KSH upgraded to 'buy' ahead of light at the end of the tunnel
SINGAPORE (June 4): OCBC Investment Research is upgrading KSH Holdings to “buy”, from “hold” previously, and raising its fair value estimate by 19 cents to 98 cents. This comes despite KSH posting a 28.1% drop in full-year earnings to $29.5 million for the FY18 ended March. Total FY18 revenue slid 33.4% to $132.6 million, on the back of a decline in project revenue. See: KSH ...
KSH Holdings posts 28% drop in FY18 earnings to $29.5 mil
SINGAPORE (May 30): Property group KSH Holdings recorded FY18 earnings of $29.5 million, 28.1% lower than $41.0 million in FY17. Total revenue for the full year ended March declined by 33.4% to $132.6 million compared to $199.3 million last year. This was mainly due to a 34.6% y-o-y drop in project revenue to $126.6 million, but partially offset by a 7.4% increase in rental income from ...