Insider moves
Roxy-Pacific directors raise respective stakes as firm flips Ginza property
SINGAPORE (May 15): On May 6, investment company Winmark Investments acquired 50,000 shares in Roxy-Pacific Holdings for $16,250, or at an average price of 32.5 cents each.
Broker's Calls
Roxy-Pacific kept at 'hold' by OCBC on subdued sales
SINGAPORE (Feb 27): OCBC Group Research is maintaining Roxy-Pacific at “hold” given sales of RV Altitude and Fyve Derbyshire which were launched in January have come under expectations with only 14
Broker's Calls
Sales momentum to turn cold; en-bloc activity to wane as developers rethink strategies
SINGAPORE (July 6): After warning of “market exuberance” in the property market for the past six months, the Singapore government has finally raised Additional Buyer’s Stamp Duty (ABSD) rates by 5
Results
Roxy-Pacific's 1Q earnings up 19% to $7 mil on higher income from associates
SINGAPORE (May 14): Roxy-Pacific reported 1Q18 earnings increased 19% to $7.0 million, compared to $5.91 million in 1Q17.
Broker's Calls
Developers turning more cautious when replenishing landbanks, says DBS
SINGAPORE (Feb 19): DBS says developers are turning more choosy in adding to their Singapore landbank.
Property
Roxy-Pacific acquires The Wilshire for $98.8 mil in collective sale
SINGAPORE (Jan 26): Roxy-Pacific Holdings has sucessfully acquired a prime District 10 property for redevelopment through an en bloc sale.
Broker's Calls
DBS is first to start coverage of Roxy-Pacific at 'buy' with 7 properties to hit market next year
SINGAPORE (Dec 12): DBS Group is the first brokerage to initiate coverage of Roxy-Pacific with a “buy” rating and target price of 69 cents.
