| Latest Forum Topics / Ho Bee Land Last:2.82 -- |
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Ho Bee Land- next potential privatisation Hobby
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lifeisgood
Supreme |
02-Dec-2021 11:29
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逆 势 操 着 。 冲 鸭 ！ ！ ！ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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lifeisgood
Supreme |
22-Nov-2021 15:59
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Waiting for the new CEO Nicholas Chua to announce some new plans. A reit should be in the works. He needs to put his stamp on the company. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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lifeisgood
Supreme |
09-Nov-2021 13:18
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新 老 板 ， 新 希 望 ！
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lifeisgood
Supreme |
09-Nov-2021 13:12
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CTP has retired as CEO and son Nicholas Chua promoted from deputy CEO to CEO. Hope the son will launch a Ho Bee reit. Make his mark. |
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lifeisgood
Supreme |
04-Nov-2021 15:57
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Ho Bee bought 2 residential sites in Australa for AUD 142 mio and AUD 115 mio this week. Would Ho Bee raise cash by recycling capital from its commercial properties by launching a commercial reit?
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Joelton
Supreme |
29-Oct-2021 12:47
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Ho Bee buys sites in Australia, expects to yield more than 1,000 residential lots
SINGAPORE' s Ho Bee Land Ho Bee Land: H13 -0.35% units have bought 3 residential development sites in Australia for A$115 million (S$116.4 million), with the land parcels expected to yield more than 1,000 residential lots.
Announcing its subsidiaries' Australian acquisitions in a regulatory filing on Thursday (Oct 28), the mainboard-listed property developer said the 21.16 hectare site acquired by HB QLD is located 35km south of the Brisbane CBD and directly adjoins regional sporting facilities at Hubner Park. And it is serviced by a major employment centre and established commercial nodes.
The acquired land can build approximately 284 residential lots and yield two commercial use parcels.
Another acquisition also by HB QLD is an 11.36 ha site located 55km north of Noosa on the Sunshine Coast and is expected to yield 133 residential lots. This, Ho Bee noted, can start development works in the near future as it has existing approvals.
The last plot acquired by HBL VIC is a 45.61 ha site located 25km north of the Melbourne CBD and 10km from the Melbourne Airport and is served by schools and train lines. The company expects it could develop on the site about 609 residential lots, a regional sports field and a government school.
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PhillipTan
Supreme |
01-Oct-2021 02:07
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Lim Swee Say to be appointed independent director for Ho Bee Land on Oct 1Former manpower minister Lim Swee Say will join real estate developer Ho Bee Land as a non-executive independent director from Oct 1.Mr Lim will also be a member of Ho Bee Land' s audit & risk and nominating committees, the Mainboard-listed company said in a bourse filing on Thursday. The 66-year-old retired politician was, in June this year, also appointed as an independent director at Singtel. Mr Lim joined the labour movement in 1996 and entered politics in 1997, where he served in various capacities, including Minister of State for Trade and Industry, Minister of State for Communication and Information Technology, Minister for Environment, Second Minister for National Development and Minister in the Prime Minister' s Office. He also served as the Secretary General of NTUC from 2007 to 2015, and was appointed Minister for Manpower in May 2015. Mr Lim stepped down from the Cabinet in May 2018. Shares of Ho Bee Land closed flat at S$2.82 on Thursday, before the announcement. |
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Joelton
Supreme |
20-Sep-2021 10:28
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Ho Bee Land
Between Sept 10 and 14, Ho Bee Holdings acquired 196,200 shares of Ho Bee Land Ho Bee Land: H13 0% for a consideration of S$550,913 at an average price of S$2.81 per share.
Ho Bee Land chairman and CEO, Chua Thian Poh owns 82.5 per cent of the shares of Ho Bee Holdings.
The acquisitions increased his deemed interest in Ho Bee Land from 75.50 per cent to 75.53 per cent.
This followed Ho Bee Holdings acquiring 39,700 shares of Ho Bee Land at S$2.80 per share on Aug 27 and Ng Noi Hinoy, the spouse of Mr Chua, acquiring 50,000 shares of Ho Bee Land at S$2.79 per share on Sept 3.
Headquartered in Singapore, Ho Bee Land maintains a portfolio that covers quality residential, commercial and high-tech industrial projects.
Back on Aug 12, Ho Bee Land reported that its H1FY21 (ended June 30) net profit after tax and on-controlling interests increased 16 per cent from H1FY20 to S$105.5 million on higher rental income and development profits.
In Singapore, apart from being a leading developer of luxury homes in the exclusive residential enclave of Sentosa Cove, its portfolio of investment properties includes the commercial landmark in the one-north precinct, The Metropolis.
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if-only
Senior |
16-Sep-2021 22:54
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Boss Chua added more on 14Sep, his purchases since 2020
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lifeisgood
Supreme |
14-Sep-2021 23:40
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everyday got fake sellers trying to press down price. once in a while I join in to buy a few lots.
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if-only
Senior |
14-Sep-2021 23:21
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This is their recent purchases:
Looks nearer to taking the company private |
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Joelton
Supreme |
13-Sep-2021 09:19
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Ho Bee Land
On Sept 3, Ng Noi Hinoy, spouse of Ho Bee Land Ho Bee Land: H13 0% chairman and CEO Chua Thian Poh, acquired 50,000 shares of the company for a consideration of S$139,500.
At an average price of S$2.79 per share, this increased the deemed interest of Mr Chua in Ho Bee Land from 75.49 per cent to 75.50 per cent.
This followed his increasing his deemed interest with Ho Bee Holdings acquisition of 39,700 shares of Ho Bee Land at an average price of S$2.80 per share on Aug 27.
Headquartered in Singapore, Ho Bee has property investments and developments in Singapore, Australia, China, the United Kingdom and Germany.
The real estate development and investment company has a portfolio that covers residential, commercial and high-tech industrial projects since its establishment in 1987.
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Joelton
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06-Sep-2021 09:41
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Ho Bee Land
On Aug 27, Ho Bee Holdings acquired 39,700 shares of Ho Bee Land Ho Bee Land: H13 0% for a consideration of S$111,160 at an average price of S$2.80 per share.
Ho Bee Land chairman and CEO, Chua Thian Poh owns 82.5 per cent of the shares of Ho Bee Holdings.
This saw the acquisition marginally increase his deemed interest in Ho Bee Land, which is 75.49 per cent.
Ho Bee Holdings' preceding acquisition of Ho Bee Land shares was on May 24, with 133,700 shares acquired at an average price of S$2.54 per share and March 23 with 15,000 shares acquired at S$2.42 per share.
Mr Chua is the founder of Ho Bee Group, and was appointed as the group' s chairman and CEO in 1999.
On Aug 12, Ho Bee Land announced a net profit after tax and on-controlling interests of S$105.5 million for its H1FY21 (ended June 30), an increase of 16 per cent from H1FY20 due to higher rental income and development profits.
With the results, Mr Chua noted that by taking advantage of the buoyant residential market in Singapore, the group has started to sell its apartments in Sentosa Cove with some success.
He added that with the new waves of infections caused by the Covid-19 variants, the business environment is still very hazy and challenging. However with international vaccinations gaining pace the group is hopeful that the global economic outlook will improve.
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Joelton
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13-Aug-2021 09:44
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Ho Bee Land' s H1 profit improves 16.5% to S$105.5m
HIGHER rental income and development profits drove a 16.5 per cent increase in Ho Bee Land' s net profit to S$105.5 million for the first half of this year, from S$90.6 million in the year-ago period.
Revenue grew 46.5 per cent on the year to S$157.3 million, from S$107.3 million previously, said the mainboard-listed real estate developer and investor in a Thursday filing.
Earnings per share stood at 15.89 Singapore cents, up from 13.62 cents in the first six months of last year.
Recurring income from its portfolio of offices in Singapore and London continued to underpin the group' s profitability, Ho Bee Land said. Positive rental reversions contributed to a 6 per cent increase in rental income during the half year.
However, its ancillary food and beverage tenants' operations were " severely affected" by Covid-19 restrictions in Singapore and London, it noted. " The group will continue to support these tenants with rental rebates over this difficult period," it added.
On the development front, contributions from projects drove the improvement in the bottom line, with sales of development properties amounting to S$43.4 million, compared to zero in H1 2020. This largely came from Ho Bee Land' s maiden master-planned community residential project, Parklanes 2, in Queensland, Australia.
The group' s share of results of jointly-controlled entities surged to S$50 million, from S$3 million in H1 2020, due mainly to higher profits from the Tangshan project in China. About 700 units in the project' s second phase were handed over to buyers in H1 2021.
Chua Thian Poh, Ho Bee Land' s group chairman and chief executive officer, said: " Taking advantage of the buoyant residential market in Singapore, the group has started to sell its apartments in Sentosa Cove with some success."
However, the business environment remains " very hazy and challenging" , given the recent new waves of Covid-19 cases caused by variants, he added.
No dividend was recommended for the first half, the same as the year-ago period, as the company only considers a final dividend at the end of its financial year.
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PhillipTan
Supreme |
13-Aug-2021 08:43
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Ho Bee Land' s H1 profit improves 16.5% to S$105.5mHigher rental income and development profits drove a 16.5 per cent increase in Ho Bee Land' s net profit to S$105.5 million for the first half of this year, from S$90.6 million in the year-ago period.Revenue grew 46.5 per cent on the year to S$157.3 million, from S$107.3 million previously, said the mainboard-listed real estate developer and investor in a Thursday filing. Earnings per share stood at 15.89 Singapore cents, up from 13.62 cents in the first six months of last year. Recurring income from its portfolio of offices in Singapore and London continued to underpin the group' s profitability, Ho Bee Land said. Positive rental reversions contributed to a 6 per cent increase in rental income during the half year. However, its ancillary food and beverage tenants' operations were " severely affected" by Covid-19 restrictions in Singapore and London, it noted. " The group will continue to support these tenants with rental rebates over this difficult period," it added. On the development front, contributions from projects drove the improvement in the bottom line, with sales of development properties amounting to S$43.4 million, compared to zero in H1 2020. This largely came from Ho Bee Land' s maiden master-planned community residential project, Parklanes 2, in Queensland, Australia. The group' s share of results of jointly-controlled entities surged to S$50 million, from S$3 million in H1 2020, due mainly to higher profits from the Tangshan project in China. About 700 units in the project' s second phase were handed over to buyers in H1 2021. Chua Thian Poh, Ho Bee Land' s group chairman and chief executive officer, said: " Taking advantage of the buoyant residential market in Singapore, the group has started to sell its apartments in Sentosa Cove with some success." However, the business environment remains " very hazy and challenging" , given the recent new waves of Covid-19 cases caused by variants, he added. No dividend was recommended for the first half, the same as the year-ago period, as the company only considers a final dividend at the end of its financial year. Shares of Ho Bee Land finished flat at S$2.85 on Thursday, before the results were released. |
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lifeisgood
Supreme |
11-Jul-2021 21:44
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Any privatisation offer coming?
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helloisme
Veteran |
11-Jul-2021 12:46
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Those who bought around $2.00 to $2.40 ...Good | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PhillipTan
Supreme |
28-Jun-2021 21:00
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Yanlord, Ho Bee to jointly develop Tianjin residential siteYanlord Land Group and Ho Bee Land have entered an agreement to jointly develop a residential site in Tianjin, China, the real estate developers said on Monday.The land parcel has a total site area of 53,200 square metres (sq m) and was acquired by Yanlord through public land auction for approximately 1.5 billion yuan (S$312.3 million). It is located in the prime residential area of Tianjin city, adjacent to the office of the Hongqiao District Government of Tianjin and the major commercial and office district. Yanlord and Ho Bee will hold 51 and 49 per cent effective interest respectively in the project, which will transform the site into a high-end residential development with ancillary community retail space and educational facilities with total gross floor area of about 117,100 sq m. The agreement continues a history of partnership between Yanlord and Ho Bee in the Bohai Rim real estate market as well as in Tangshan, Shanghai and Zhuhai since 2009. Yanlord chairman and chief executive officer (CEO) Zhong Sheng Jian commented that the land acquisition and project bank on Yanlord' s track record for building quality residences in Tianjin, and reiterate the group' s commitment to and confidence in the real estate market there. " Capitalising on our core competencies as well as the synergistic benefits from our partner Ho Bee, we believe that the site will complement our existing initiatives and further strengthen our presence within the Bohai Rim real estate market," Mr Zhong said. Chua Thian Poh, chairman and CEO of Ho Bee, said the proposed joint project is in line with Ho Bee' s strategy to diversify overseas. He expressed confidence that it will be " another successful cooperation between Ho Bee and Yanlord" , building on Yanlord' s expertise and experience in developing and marketing premium residential projects in Tianjin. |
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lifeisgood
Supreme |
15-Jun-2021 09:17
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Looking forward to some bonus shares or stock split to increase liquidity, because I want to buy more!!! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Joelton
Supreme |
11-Jun-2021 10:11
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DBS initiates ' buy' on Ho Bee Land with TP of $3.80
DBS Group Research analysts Dale Lai and Derek Tan have initiated &ldquo buy&rdquo on Ho Bee Land with a target price of $3.80.
The target price is based on a 40% discount to the brokerage&rsquo s revised net asset value (RNAV) of $6.28, write the analysts in a June 10 report.
&ldquo This represents [a] potential upside of 40%. The stock currently trades at price-to-net asset value (P/NAV) of 0.5 times and offers a yield of 4.0%, backed by stable cashflows from its office property portfolio,&rdquo they add.
Ho Bee Land has a portfolio that is positioned for the new economy with its seven prime office properties in London&rsquo s CBD. It also owns The Metropolis in Singapore&rsquo s One North.
The Metropolis, say the analysts, &ldquo will continue to see growth in the medium term. The asset is also a beneficiary of a pivot towards more suburban locations as companies adopt more flexible working arrangements,&rdquo write the analysts.
The group is doubling down its exposure in One North and is currently building a business park catering to the life-science and biotech sectors, which will contribute to earnings upon completion sometime in FY2023.
The group has been paying out an annual dividend of 10 cents per share over the past four years, translating to a dividend yield of
3.8% to 4.5% based on its average five-year trading price, comparable to that of the yields paid out by Singapore REITs (S-REITs).
On that, Lai and Tan note that the group&rsquo s higher dividend yield and faster net asset value (NAV) growth has been largely ignored by the market, compared to its closest developer peer, UOL.
&ldquo Compared to the FSTREH and UOL, Ho Bee Land trades at a lower P/NAV multiple of 0.5 times despite offering a higher dividend yield of 4.0% and faster growth in shareholder equity over the past decade,&rdquo they write.
&ldquo We see further upside from (i) impending recognition of development profits, (ii) completion of Biopolis development to drive upside to NAV and a re-rating in share price,&rdquo they add.
The group is also expected to recognise profits from its pivot towards amassing a significant recurring income base, which will provide a boost to its earnings from the FY2021 to the FY2023.
&ldquo Ho Bee Land has close to $1.3 billion of development projects on the books (22% of assets), of which a substantial portion has been sold (mainly in China and Australia),&rdquo say Lai and Tan.
&ldquo Riding on the positive sentiment in the Singapore residential space, the group has launched the remaining unsold units at Turquoise in Sentosa, bringing a near term boost to earnings,&rdquo they add.
The low interest rate environment and ample capital for deployment opportunities have put Ho Bee Land as a possible take-over target given its &ldquo dominant portfolio characteristics and attractive discount to NAV&rdquo .
On this, Lai and Tan have identified three possible catalysts for Ho Bee Land to unlock value.
&ldquo Recent share buybacks have brought Ho Bee Land&rsquo s free float down to 25% and possible scenarios are (i) privatisation, (ii) securitization of its income-producing portfolio or (iii) conversion into a &ldquo stapled security&rdquo presents upside of 35%-60,&rdquo write the analysts.
Ho Bee Land share price climbs 32 cents, prompts SGX query
The Singapore Exchange Regulation (SGX RegCo) has issued a query to Ho Bee Land following &lsquo unusual price movements&rsquo for its shares on June 10.
The query was triggered at 1.12pm, after Ho Bee Land&rsquo s share price reached $2.94, up 17 cents or 10.1% higher from its previous close of $2.67.
Since then, the share price has climbed further, reaching a high of $2.99 at 2.47pm, up 32 cents or 12% higher from its previous close.
In its query, SGX RegCo asked Ho Bee Land to reveal any information that may explain the trading activity. It also asked Ho Bee Land to confirm its compliance with the listing rules.
As at 3.07pm, shares in Ho Bee Land are up 31 cents or 11.6% higher at $2.98.
Ho Bee Land has since issued a response to the query, noting that DBS Bank has initiated coverage on the company with a report issued on June 10. Apart from that, Ho Bee Land is not aware of any further information that may explain the trading.
The company also confirmed its compliance with the listing rules.
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