SingHaiyi Group

Results

SingHaiyi reports 48% rise in 4Q earnings to $9.7 mil on higher margins from US development

SINGAPORE (May 22): Property developer SingHaiyi Group reported a 47.6% rise in 4Q19 earnings to $9.7 million from a year ago, bringing FY19 earnings to $22.6 million, 20.3% lower than a year ago.

Broker's Calls

DBS keeps Suntec REIT at 'buy' on securing UBS as sole tenant for 9 Penang Road

SINGAPORE (Apr 18): DBS Group Research continues to rate Suntec REIT a “buy” with a target price of $2.12.

Results

SingHaiyi 3Q earnings more than double to $4 mil on projects with higher margins

SINGAPORE (Feb 1): Property group SingHaiyi reported 3Q19 earnings more than doubled to $4 million from a year ago as cost of sales fell more than revenue.

Results

SingHaiyi reports 71% fall in 4Q18 earnings to $6.5 mil on lower other income

SINGAPORE (May 24): SingHaiyi Group, diversified real estate company, reported a 70.7% fall in 4Q18 earnings of $6.5 million from a year ago on lower other income.

Results

SingHaiyi posts 12.8% increase in 3Q earnings to $1.4 mil even as revenue trebles

SINGAPORE (Feb 7): Property developer SingHaiyi Group saw its earnings grow 12.8% to $1.4 million for the 3Q ended December, from $1.2 million a year ago.

Broker's Calls

CIMB thinks these 5 small developers with exposure to Gaobeidian are 'beautiful'

SINGAPORE (Jan 18): CIMB likes five unrated developers with market caps ranging from $140-$470 million and property development activities in Singapore and China, in the Gaobeidian area.

Property

SingHaiyi scoops up Park West condo in en bloc sale for $841 mil

SINGAPORE (Jan 11): SingHaiyi Group’s joint-venture firm, SingHaiyi Gold, is acquiring Park West condominium along Jalan Lempeng in Clementi in a collective purchase at a price of $840.9 million.

SingHaiyi undertakes rights issue to raise $143 mil in net proceeds

SINGAPORE (Dec 27): SingHaiyi Group is selling up to 1.435 billion new shares at 10 cents each.

SingHaiyi in bulk sale of commercial condominium development in California for $128.3 mil

SINGAPORE (Dec 19): Mainboard-listed real estate company SingHaiyi Group has entered into a purchase and sale agreement and initial escrow instructions for the bulk sale of its entire Vietnam Town

Property

SingHaiyi submits winning bid of $81.1 mil in en bloc purchase of How Sun Park

SINGAPORE (Nov 28): SingHaiyi Group has emerged as the winning buyer in the collective purchase for the property at How Sun Park, a freehold property with a site area of 5,104.3 sqm.

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