| Latest Forum Topics / Oxley Last:0.078 -- |
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Is Oxley a good buy at current price?
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Thi654321ABCDEF
Master |
18-Aug-2021 16:24
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One of the projects they annonced 50million profit for 250million development, Based on that , 10-20% profits.
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ETLee8
Master |
18-Aug-2021 16:13
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Of course it does. 10% is already very conservative and extremely low.
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Stocky901
Supreme |
18-Aug-2021 15:45
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With high gearing can't have good profits. Sales figures don't link to profits. 😉 | ||||
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ETLee8
Master |
18-Aug-2021 12:50
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It is time to load up. Taking a very conservative profit margin of 10% of sales value, that is a WHOPPING $430M profits. Perhaps $260M to be realised this quarter and the balance $170M for end or next year. Results coming in 10 days time.(estimated)
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ETLee8
Master |
17-Aug-2021 13:05
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Very good sales number world wide. 40 cts coming very soon.
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Joelton
Supreme |
17-Aug-2021 09:40
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Oxley chalks up S$4.3b in sales for Singapore residential projects
PROPERTY developer Oxley Holdings on Monday said it has secured S$4.3 billion in sales for its development projects in Singapore.
Around 91 per cent of its residential units here have been sold as at Aug 8, 2021, representing 87 per cent of the total gross development value (GDV), said the group in a bourse filing.
Its effective stake of secured sales amount to approximately S$2.6 billion, while future progress billings from the sold units amount to approximately S$1.7 billion.
Oxley had also on Aug 13 obtained temporary occupation permits (TOP) for its fully-sold freehold development The Verandah Residences - the fourth of its 10 residential development projects in Singapore to achieve TOP.
The remaining projects are expected to obtain TOP progressively in 2022 and 2023.
Located at Pasir Panjang, The Verandah Residences has a GDV of S$249 million, and is expected to make a profit before tax of around S$50 million.
It consists of 170 units in four blocks of five-storey residential units and three two-storey strata landed houses, developed by the group' s wholly-owned subsidiary Oxley Amber.
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ETLee8
Master |
17-Aug-2021 08:24
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Expect this Ox to fly today. Its sales of $4.3B is 2.5 times of CDL' s $1.7B. |
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PhillipTan
Supreme |
16-Aug-2021 19:58
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Oxley chalks up S$4.3b in sales for Singapore residential projectsProperty developer Oxley Holdings on Monday said it has secured S$4.3 billion in sales for its development projects in Singapore.Around 91 per cent of its residential units here have been sold as at Aug 8, 2021, representing 87 per cent of the total gross development value (GDV), said the group in a bourse filing. Its effective stake of secured sales amount to approximately S$2.6 billion, while future progress billings from the sold units amount to approximately S$1.7 billion. Oxley had also on Aug 13 obtained temporary occupation permits (TOP) for its fully-sold freehold development The Verandah Residences - the fourth of its 10 residential development projects in Singapore to achieve TOP. The remaining projects are expected to obtain TOP progressively in 2022 and 2023. Located at Pasir Panjang, The Verandah Residences has a GDV of S$249 million, and is expected to make a profit before tax of around S$50 million. It consists of 170 units in four blocks of five-storey residential units and three two-storey strata landed houses, developed by the group' s wholly-owned subsidiary Oxley Amber. Shares of Oxley Holdings fell one Singapore cent or 4.3 per cent to close at 22.5 cents on Monday. |
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Goldfinger
Supreme |
09-Aug-2021 15:09
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Given the courage and strong clarity of the SG reopening plan (I especially like the hint that there is no looking back, unless cases soar exponentially) - I think even this sad OX will climb tomorrow and the days ahead. We may be looking at a 2nd Half Bull Run for the SG market, and this OX will likely charge along with it. | ||||
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tangsookiam1947
Master |
09-Aug-2021 14:22
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need to normalize by the no of outstanding shares....4.2 billion shares!! also what is the profit margin? construction cost had escalated due to delay plus additional safety management measures
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Goldfinger
Supreme |
07-Aug-2021 14:17
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Think they have disposed of the bulk of it - it?s now largely owned by Rich Capital.
https://www.google.com.sg/amp/s/www.businesstimes.com.sg/companies-markets/oxley-sells-80-stake-in-subsidiary-to-catalist-listed-rich-capital-holdings%3famp |
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royalrumble
Member |
07-Aug-2021 12:11
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Dear OCC Batam consumers. Best wishes. First of all, we express our deepest apologies, that the construction of the Oxley Convention City project had to be stopped and could not be resumed by PT OKIB. The main reason for the termination of this development cooperation is because our investors, namely Oxley Batam Pte.Ltd (Singapore) and Rich Capital Pte Ltd (Singapore), as you know, are experiencing financial difficulties, and will not be able to continue fulfilling their investment obligation in our company. These are all beyond our expectations and control as the management of PT OKIB. Once again we sincerely apologize for all the inconvenience and we seek your patience as we work on an amicable solution for all parties. If you have further queries regarding this matter, you can visit our marketing gallery or contact the sales team. Thank you for your understanding and support during this time. OXLEY CONVENTION CITY BATAM |
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Goldfinger
Supreme |
06-Aug-2021 11:45
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If Oxley can survive the COVID crises, it should likely turn in very good profits. The risk was of it going under due to debt and default of purchasers due to COVID and bankers calling in loans. Now with property prices strengthening globally and money coming in, this is less likely now. Fortunate it sold off Chevron House before COVID. That could have been the saving grace, | ||||
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Playsafe
Member |
06-Aug-2021 11:40
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In a corporate presentation posted on sgx on 28 June, the unbilled sales was $2 bil. So looks like they hv recognised 1.1 bn of the unfilled contracts over the second half (not accounting for any new sales added during the half). So full year result likely to be good. My reading. Pl dyodd. | ||||
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ETLee8
Master |
06-Aug-2021 11:34
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Woh, $9.1billion ???? More than CDL order book ?? | ||||
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Omega88
Senior |
06-Aug-2021 10:52
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The results should be out by next week? This was from Business Times 6 months ago. " In an update, Oxley highlighted that it had a total unbilled contract value of about S$3.1 billion (as at Jan 31, 2021), of which about S$2.6 billion were from projects in Singapore. As at end January 2021, the group had secured total sales for its development portfolio worth almost S$9.1 billion, of which S$3.73 billion was from projects in Singapore. The developer also said that its development projects are expected to fall behind their target completion dates because of the &ldquo circuit breaker&rdquo in Singapore last year as well as the ongoing lockdowns in other countries in which it operates. &ldquo (Oxley) is looking to resume operations at full speed in these countries when the situation stabilises,&rdquo it added. Since March 2020, its hotels on Stevens Road in Singapore have functioned as government quarantine and stay-home notice (SHN) dedicated facilities, generating positive cash flows from operations." |
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Playsafe
Member |
03-Aug-2021 12:14
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Yes, but price doesn' t seem to be moving, leh May be becos the way they announce it, very difficult to make out how much they made in current FY. And why update only on overseas projects, what about SIN? Qtrly results should be out soon. Should be good. |
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ETLee8
Master |
03-Aug-2021 11:41
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Looks like Oxley is doing very well leh. Small setback fm Pindan no big deal lah.
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Omega88
Senior |
03-Aug-2021 10:22
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https://links.sgx.com/1.0.0/corporate-announcements/EEAOGNKML3VNH9GI/c71871432f0278ec38dd8923f46bb494be0feb144835ecb238e612fb4e15c43d For immediate release GENERAL UPDATE ON OVERSEAS PROJECTS Singapore and Hong Kong, 2 August 2021 &ndash Oxley Holdings Limited (&ldquo Oxley&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), an international property developer with business presence in nine geographical markets, is pleased to provide the following progress updates on its key overseas projects: (i) ROYAL WHARF PROJECT HAS COMPLETED CONSTRUCTION AND ACHIEVED SALES OF CLOSE TO 100% Oxley&rsquo s flagship project in London, Royal Wharf, is a 999-year waterfront township development with apartments offering stunning river views, stretching down River Thames to Canary Wharf and central London. The development comprises 3,385 residential apartments and townhouses, and approximately 11,000 sqm of commercial area comprising office, retail, and F& B spaces. There are ample designated open spaces and play areas including a riverfront promenade. The development was the Group&rsquo s first foray into overseas markets in 2014 and has a gross development value of GBP1.5 billion. As at 30 June 2021, the project was close to 100% sold. Sold units have been progressively handed over to the buyers since 2018 and payments have been fully received. (ii) DUBLIN LANDINGS DEVELOPMENT - RESIDENTIAL BUILDINGS ACHIEVED PRACTICAL COMPLETION IN JUNE 2021 The Group&rsquo s residential development in Dublin Landings comprising 298 apartments was fully completed in June 2021. Since late 2019, the residential development has been progressively completed and the last three residential blocks achieved practical completion in June 2021. Seven out of the eight residential blocks have been sold and handed over to the buyer, Greystar. Sale of the remaining block to Dublin City Council is underway and expected to be completed during Q3 2021. The balance of the sales proceeds (except for a retention sum) is expected to be received by end of Q3 2021. In addition to the residential development, there are five commercial buildings developed by the Group at Dublin Landings, a new commercial centre in the heart of the Irish Capital that offers more than 1 million square feet of office, residential and retail space. All the commercial buildings had been completed and sold, and Dublin Landings is now home to Central Bank of Ireland and a new community of entrepreneurs occupying almost 10,000 square metres of office space that has been leased to WeWork. Total consideration from the development and sale of the commercial and residential developments is EUR745 million and the Group is entitled to EUR592 million while National Asset North Quay DAC receives the balance. |
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alsim55
Member |
02-Aug-2021 11:53
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looks like oxley lost one of their cases in their flagship tower ... my understanding is they convinced the judge they shouldnt have to pay out the stamp duty (and that the party should claim from IRAS) and some other third party expenses ... but otherwise it seems, they lost on all limbs of their arguments completely ... so i guess they have to take on this asset on their bs moving forward https://www.singaporelawwatch.sg/Portals/0/Docs/Judgments/2021/[2021]%20SGCA%2071.pdf one of these lines by the judges is quite eye-opening .. " These, and similar arguments raised by the appellant(oxley), can be disposed of briefly as they unfortunately completely ignore the facts of the case, are illogical, and are bereft of reality." |
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