Oxley Holdings

973 Brokers' Digest - THE EDGE SINGAPORE

Broker's Calls

973 Brokers' Digest

ST Engineering
Price target:
RHB “buy” $4.25
CGS-CIMB “buy” $4.00

Oxley set to enjoy 'fruits of its labour' for next few years: RHB - THE EDGE SINGAPORE

Broker's Calls

Oxley set to enjoy 'fruits of its labour' for next few years: RHB

RHB Group Research analyst Jarick Seet is maintaining his “buy” recommendation on Oxley Holdings with a lower target price of 27 cents from 29 cents previously, implying a 5% yield for the FY2021.

KOP bosses buy shares after arbitration notice; Oxley's Ching sells stake in Hafary - THE EDGE SINGAPORE

Insider moves

KOP bosses buy shares after arbitration notice; Oxley's Ching sells stake in Hafary

Ong Chih Ching, executive chairman of developer KOP, acquired one million shares on the open market on Jan 21 for $39,563, bringing her total stake in the company to just over 497

Dorm operator Centurion is overall sector winner; Alset offers shareholders best returns - THE EDGE SINGAPORE

Billion Dollar Club 2020

Dorm operator Centurion is overall sector winner; Alset offers shareholders best returns

The overall sector winner is Centurion Corporation, which specialises in a growing niche area of real estate: owning and managing students’ and workers’ accommodations.

Aspen eyes transfer to Mainboard; to diversify into glove-making- THE EDGE SINGAPORE

Corporate moves

Aspen eyes transfer to Mainboard; to diversify into glove-making

At 26 years old, Murly Manokharan listened as his friends grumbled about how the world property market, including Malaysia’s, was vibrant and moving.

Broker's Calls

UOB Kay Hian lowers target price on Oxley, raises net profit estimates for FY21-22 on deferred revenue recognition

UOB Kay Hian analysts Loke Peihao and Nicola Ho have maintained their “buy” call on Oxley Holdings with a lower target price of 37 cents from 48 cents previously.

Results

Oxley plunges into the red with $296.3 mil loss in 2H20 on fair value and non-recurring losses

Oxley Holdings registered losses of $296.3 million for 2H20 ended June, from the earnings of $62.5 million a year ago.

M&A

Oxley Holdings disposes entire Galliard stake for $52.7 mil

SINGAPORE (June 5): Oxley Holdings’ wholly-owned subsidiary Oxley Bright has disposed of its entire 18.77% stake in Galliard Group (Galliard) for a total consideration of £30 million (S$52.7 millio

Property

Oxley's new game plan

The property developer has shored up its balance sheet after selling a commercial property for a handsome profit.

Broker's Calls

It's a 'buy' for Oxley despite risks of a recession and softer property prices

SINGAPORE (May 28): RHB Securities is maintaining its “buy” call on Oxley Holdings with a revised target price of 29 cents.

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