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Maybank and DBS keeps buy Call on Coliwoo after 1HFY2026 results
In his May 7 report, Maybank Securities Eric Ong mentioned that Coliwoo' s 1HFY2026 topline rose by 16.6% y-o-y to $26.9 million, driven by higher occupancies across its existing sites.
The Maybank Securities analyst says that there is a clear project pipeline for Coliwoo over the next two years given that its first resort style co-living chalet project located at 159 Jalan Loyang Besar will be launched in 2H2026.
With the recent acquisition of 1 King George& rsquo s Avenue and Changi Business Park Avenue 1 and deliberate intensification efforts, Coliwoo will expand the total room count from 251 to 368 rooms, and this property is expected to be ready and fully operational by 1QFY2027,& rdquo Ong adds.
Meanwhile, Ong points out that Coliwoo& rsquo s management is also looking to pursue overseas expansion through value-add acquisitions, with plans to enhance and stabilise these assets before eventually executing sale-and-leaseback arrangements.
Given the in-line set of results, Ong is keeping his forecast unchanged for Coliwoo while rolling forward his valuation to FY2027. Hence, he is maintaining a & ldquo buy& rdquo call on Coliwoo with a 12-month target price of 74 cents, pegged at 12 times forward P/E ratio.
For DBS Group Research& rsquo s Geraldine Wong, Coliwoo& rsquo s 1HFY2026 PATMI trends above her estimates of a core FY2026 PATMI of $22.6 million. Coliwoo& rsquo s 1HYF2026 PATMI rose 43.9% y-o-y to $13.4 million on higher portfolio occupancy and lower interest costs.
In her May 7 note, Wong sees Coliwoo continue to progress ahead of expectations, with strong operational results and a focus on executing its asset light pivot.
Coliwoo is looking to divest a portfolio of 7 assets for $218.5 million, with offers on the table. These room counts will still be retained within Coliwoo& rsquo s system through the conversion into managed rooms or through a master lease structure,& rdquo says Wong.
She believes this strategy will unlock more than ample capital to grow portfolio rooms with a lowered need to raise funds to grow, while fulfilling payout commitments to unitholders of more than 40%.
With occupancy inching up and Singapore& rsquo s supportive rental backdrop, we shift our attention to room rate growth in the coming quarters,& rdquo Wong adds.
Given that pipeline to scale remains highly visible to meet IPO flagpoles set out for both FY2026 and FY2027, while having visibility to FY2028, Wong is maintaining & ldquo buy& rdquo on Coliwoo with a target price of 88 cents.
SmallSmall ( Date: 07-May-2026 11:13) Posted:
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This one can trade....Been trending higher for days.
$0.535 +$0.025 Still below IPO price of $0.60.
$0.535 +$0.025 Still below IPO price of $0.60.
Coliwoo reports 1HFY2026 earnings of $13.4 mil, 43.9% higher y-o-y
Coliwoo Holdings (SGX:W8W) has reported earnings, or net profit attributable to equity holders (PATMI), of $13.4 million for 1HFY2026 ended March 31, 43.9% higher y-o-y.
Revenue was up by 16.6% y-o-y to $26.9 million, mainly attributable to a 15.6% y-o-y growth in rental income. The higher rental revenue can be seen from the contribution of Coliwoo Hotel Kampong Glam and Coliwoo Bukit Timah Fire Station, which commenced operations in 2HFY2025, coupled with the initial contributions from the newly launched Coliwoo Midtown in early March.
Revenue from management services fees jumped 44% y-o-y to $2.3 million, largely driven by the commencement of a newly secured management contract with a third-party transport operator during the period.
The higher topline was also supported by higher occupancies secured across most of its existing properties. Coliwoo maintained an average occupancy rate of 97.0% across its entire portfolio.
As at March 31, Coliwoo&rsquo s portfolio comprises of 28 properties with a total of 3,568 rooms, from 2,933 rooms in last September.
With the strong performance, Coliwoo&rsquo s board has recommended an interim dividend of 1.0 cent per share.
Looking ahead, Coliwoo will continue to prioritise its expansion through master lease agreements and management contracts, supplemented by selective acquisitions.
&ldquo The company remains firmly on track to reach approximately 4,000 rooms in Singapore by the end of this year,&rdquo Coliwoo states.
" Our solid 1HFY2026 operational performance validates the resilience of our co-living model. To sustain our rapid growth trajectory and achieve our target of 10,000 rooms by 2030, we are executing a disciplined capital recycling strategy,&rdquo says Kelvin Lim, executive chairman and CEO of Coliwoo.
&ldquo By unlocking value from our stabilised freehold assets, we will be able to accelerate towards a highly scalable, asset-light model focused on master leases and management contracts. This ensures we remain agile and capital-efficient, allowing us to redeploy proceeds into higher-yielding opportunities both in Singapore and, eventually, in key regional markets where renting is the structural norm,&rdquo he concludes.
Half yearly results
https://links.sgx.com/1.0.0/corporate-announcements/HPWJBBG8BL6P9DLE/887844_CHL-Press%20Release%201HFY2026.pdf
https://links.sgx.com/1.0.0/corporate-announcements/HPWJBBG8BL6P9DLE/887844_CHL-Press%20Release%201HFY2026.pdf
No power?
Everyday ( Date: 29-Apr-2026 22:03) Posted:
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PROFIT GUIDANCE FOR THE SIX MONTHS ENDED 31 MARCH 2026 The board of directors (the &ldquo Board&rdquo ) of Coliwoo Holdings Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to issue a profit guidance following the preliminary assessment of the Group&rsquo s unaudited financial results for the six months ended 31 March 2026 (&ldquo 1H2026&rdquo ).
The Group expects to record a higher net profit before tax for 1H2026 as compared to the six months ended 31 March 2025 (&ldquo 1H2025&rdquo ) mainly due to net fair value gains on the Group&rsquo s investment properties in 1H2026. The Company will announce its financial results for 1H2026 in due course pursuant to the requirements of the Listing Manual of the Singapore Exchange Securities Trading Limited. Shareholders should note that the aforementioned profit guidance is only based on a preliminary assessment by the Board based on information currently available, and may be subject to further adjustments and finalisation.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. When in doubt, shareholders and potential investors are advised to seek independent advice from their professional advisors before trading or making any investment decision on the Company&rsquo s securities
https://links.sgx.com/1.0.0/corporate-announcements/V084JKOOOQEE1JY9/ecbd5cfa04ebaa20fd1961f87fa9c7c2eb3618eb9d4a9e114c3590f8d8711cf3
The Group expects to record a higher net profit before tax for 1H2026 as compared to the six months ended 31 March 2025 (&ldquo 1H2025&rdquo ) mainly due to net fair value gains on the Group&rsquo s investment properties in 1H2026. The Company will announce its financial results for 1H2026 in due course pursuant to the requirements of the Listing Manual of the Singapore Exchange Securities Trading Limited. Shareholders should note that the aforementioned profit guidance is only based on a preliminary assessment by the Board based on information currently available, and may be subject to further adjustments and finalisation.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. When in doubt, shareholders and potential investors are advised to seek independent advice from their professional advisors before trading or making any investment decision on the Company&rsquo s securities
https://links.sgx.com/1.0.0/corporate-announcements/V084JKOOOQEE1JY9/ecbd5cfa04ebaa20fd1961f87fa9c7c2eb3618eb9d4a9e114c3590f8d8711cf3
Cpf funds coming 👍
Go look at your GRC n Ley Choon
piscesmonkey ( Date: 22-Apr-2026 08:01) Posted:
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Can use CPF buy liao
This look like going back 60cents IPO price
piscesmonkey ( Date: 21-Apr-2026 09:17) Posted:
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https://www.businesstimes.com.sg/companies-markets/coliwoo-eyes-growth-overseas-parent-lhn-seeks-next-space-optimisation-gem
Joelton ( Date: 20-Apr-2026 09:59) Posted:
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Coliwoo eyes growth overseas as parent LHN seeks next space-optimisation gem
Co-living player eyes markets where renting is the norm LHN mulls self-storage and even eldercare arenas
[SINGAPORE] Co-living operator Coliwoo is preparing to expand overseas and more than triple its room inventory to 10,000 by 2030, in its next phase of growth beyond the maturing Singapore market.
Its executive chairman and CEO Kelvin Lim told The Business Times: &ldquo (We are) choosing a market where we can really scale up the business to a certain extent.&rdquo
He declined to name specific markets.
Coliwoo went public last November after it was spun off from Singapore-based real estate management services company LHN. It now operates about 3,200 rooms in 15 properties in the city state, ranging from serviced apartments to studio units and hotels.
While the domestic market is its sole base for now, Coliwoo&rsquo s management is actively sussing out overseas opportunities where rental demand is structurally stronger.
It&rsquo s looking in places where property ownership is not a given and renting is the norm &ndash the very conditions that favour co-living models. Tenants in such markets might find co-living more value-for-money and more interesting for the community aspects of living, Lim added.
Japan, for example, has strict rental regulations that require one seeking to rent a residential unit, to have a sponsor.
&ldquo But if you go for co-living, you don&rsquo t have this problem,&rdquo said Lim.
Singapore still core
Even as it looks abroad, Singapore remains central to Coliwoo&rsquo s growth, supported by steady inflows of foreign workers, students and corporate tenants.
&ldquo Our clients are more than just the usual students and expats. We also have corporate clients who come for short or longer stays, as well as tourists who stay in our hotels. That&rsquo s the kind of demographic we&rsquo re looking at,&rdquo said Lim.
Coliwoo&rsquo s diversified tenant base enabled it to maintain strong occupancy levels of 96.5 per cent in the first quarter of FY2026.
The co-living operator prefers to be flexible with its options it will not restrict itself to the purpose-built student accommodation (PBSA) market in its forays overseas, said Lim.
Expansion plans aside, Coliwoo is stepping up investments in its product offerings to improve its tenant retention and pricing power.
One of its latest properties, Coliwoo Midtown, offers a gym and cold plunge facitilities. The property along Middle Road also has a co-working space, event area and a private room &ndash offerings that its older properties lack.
Coliwoo also plans to rejuvenate its older assets the oldest asset in its portfolio, Coliwoo Boon Lay, is almost nine years old.
&ldquo We have plans to do a concept upgrade [for Boon Lay]. Other than that, (we also look at) the length of the lease and other factors, but our tenants can look forward to more interesting concepts among Coliwoo&rsquo s offerings.&rdquo
In the pipeline is a conversion of the former Park Avenue Changi Hotel, which it acquired for S$101 million from ESR Reit and plans to turn into a co-living hotel.
That property is expected to be launched after Coliwoo Resort Changi, a 350-key resort chalet, which is expected to debut in the third quarter of 2026.
On to the next
LHN, which now holds a 65 per cent stake in Coliwoo, had prioritised the co-living business in the last eight years, said Lim, who is also executive chairman and executive director of LHN.
With Coliwoo now independent and listed on the Singapore Exchange, LHN is in a better position to grow its other business segments, which had been passing on their earnings to grow Coliwoo, he added.
LHN is, for example, seeking out potential business opportunities in the self-storage business.
JTC lifted the moratorium on the self-storage business in Singapore in January 2025, which allowed self-storage companies to continue with their leases and operate in areas earmarked for light and clean industries.
Lim said: &ldquo We are ready to continue to grow our self-storage business in Singapore through M& As (mergers and acquisitions) or the acquisition of sites.&rdquo
LHN is keeping an eye out for possible master leases or industrial and commercial spaces to acquire and then rejuvenate and add value, he added.
Plans have been also drawn up to expand its facilities-management capacity to include the eldercare, home care and daycare businesses. LHN&rsquo s Q1 FY2026 business update indicated 14 new contracts and 100 renewed contracts for facilities management.
Lim believes that catering to the elderly will unlock opportunities because eldercare is a &ldquo big topic in Singapore&rdquo .
LHN&rsquo s energy business, which is in the broad spectrum of installing solar panels and electric chargers and providing electricity to businesses, is drawing more interest. Enquiries have been received on power purchase agreements and installation of solar panels in the wake of the Iran war, said Lim.
In its Q1 business update, LHN reported that its energy business had bagged a new contract during the quarter ended Mar 31, sending its total solar capacity portfolio to 10.8 MW.
Revenue of the energy business unit grew 29.9 per cent to S$2.1 million in FY2025 from the year-ago period.
Lim does not rule out spinning off other business segments for listing, but stressed that the focus now is on finding capable people to join LHN.
&ldquo I always believe if you have the right people, you can do more business,&rdquo he said.
Maybank keeps ' buy' on Coliwoo as its expansion is underway
Maybank Securities is keeping a " buy" call and 74 cents target price on Coliwoo Holdings following its announcement to acquire 2 Changi Business Park Avenue 1 for $101 million, in what is its first significant acquisition since its listing last November.
The property is now run as Park Avenue Changi and is now held by Viva Trust, a sub-trust of ESR-REIT. The hotel is now part of the ESR BizPark @ Changi development, and has more than 250 rooms.
According to Coliwoo management, this hotel asset offers compelling co-living conversion potential with a captive tenant base from the surrounding business district and proximity to Changi Airport. Together with its Coliwoo Resort Changi, an upcoming resort-style co-living property at 159 Jalan Loyang Besar (estimated 382 rooms are slated for launch in 3QFY2026), this puts the group firmly on track to achieve its target of adding at least 800 rooms annually, over the next three years.
Analyst Eric Ong says: " We believe this deal is in line with the group' s core strategy of converting mature hotel/commercial
properties into higher-yielding and specialised co-living assets to fulfil their full economic potential."
Aside from its conversion potential, the property is located strategically in Changi Business Park and provides ready
access to an established corporate tenant pool, especially given its proximity to Changi Airport.
This enables the property to serve multiple market segments, including transit passengers, aviation personnel, and professionals engaged in the Changi Terminal 5 construction project.
The acquisition is structured as a leasehold estate with a tenure commencing from the completion of the acquisition and expiring one day prior to the expiry of the head lease with JTC Corporation (originally 30 years commencing from Feb 1, 2008). Coliwoo aims to complete the transaction by 31 Mar 2026.
" We understand the agreement also includes an option to renew for a further 30 years, thus securing
Maybank Securities is keeping a " buy" call and 74 cents target price on Coliwoo Holdings following its announcement to acquire 2 Changi Business Park Avenue 1 for $101 million, in what is its first significant acquisition since its listing last November.
The property is now run as Park Avenue Changi and is now held by Viva Trust, a sub-trust of ESR-REIT. The hotel is now part of the ESR BizPark @ Changi development, and has more than 250 rooms.
According to Coliwoo management, this hotel asset offers compelling co-living conversion potential with a captive tenant base from the surrounding business district and proximity to Changi Airport. Together with its Coliwoo Resort Changi, an upcoming resort-style co-living property at 159 Jalan Loyang Besar (estimated 382 rooms are slated for launch in 3QFY2026), this puts the group firmly on track to achieve its target of adding at least 800 rooms annually, over the next three years.
Analyst Eric Ong says: " We believe this deal is in line with the group' s core strategy of converting mature hotel/commercial
properties into higher-yielding and specialised co-living assets to fulfil their full economic potential."
Aside from its conversion potential, the property is located strategically in Changi Business Park and provides ready
access to an established corporate tenant pool, especially given its proximity to Changi Airport.
This enables the property to serve multiple market segments, including transit passengers, aviation personnel, and professionals engaged in the Changi Terminal 5 construction project.
The acquisition is structured as a leasehold estate with a tenure commencing from the completion of the acquisition and expiring one day prior to the expiry of the head lease with JTC Corporation (originally 30 years commencing from Feb 1, 2008). Coliwoo aims to complete the transaction by 31 Mar 2026.
" We understand the agreement also includes an option to renew for a further 30 years, thus securing
Coliwoo to acquire S$101 million Changi asset from ESR-Reit
The property&rsquo s location in Changi Business Park provides access to an established corporate tenant base
[SINGAPORE] Co-living operator Coliwoo : W8W 0% has inked a deal to acquire a hotel property from ESR-Real Estate Investment Trust : 9A4U -0.36% (Reit) for about S$101 million.
The deal, announced on Friday (Jan 30) through a bourse filing, involves the hotel strata lot located at 2 Changi Business Park Avenue 1. The lot comprises a hotel block featuring more than 250 rooms and retail space at the ground floor.
The property used to be occupied by hotel Park Avenue Changi.
In a separate bourse filing, mainboard-listed Coliwoo noted that the acquisition is structured as a leasehold estate with a tenure commencing from the completion of the acquisition. The group targets to complete the transaction by the end of March.
The tenure expires one day prior to the expiry of the head lease with JTC Corporation &ndash originally 30 years commencing from Feb 1, 2008 &ndash but includes an option to renew for another 30 years.
The Reit manager noted that the divestment is part of its strategy to divest non-core assets, and is not expected to have material impact on the Reit&rsquo s net asset value and distribution per unit for the financial year ending Dec 31, 2025.
It added the hotel strata lot had no income contribution since September last year, following the expiry of the master lease agreement.
Following the completion of the divestment, ESR-Reit will continue to own the business park, retail and convention centre components of ESR BizPark @ Changi &ndash which represents around 81 per cent of total gross floor area of the integrated development.
Coliwoo noted that the asset&rsquo s location in Changi Business Park provides access to an &ldquo established corporate tenant base&rdquo .
It added that the close proximity of the asset to Changi Airport will enable the property to serve multiple market segments, including transit passengers, aviation personnel and professionals engaged in the ongoing Terminal 5 construction project.
&ldquo These locational attributes position the acquisition favourably within Singapore&rsquo s expanding accommodation market,&rdquo it noted.
Tomorrow dbs will be the buyer
In addition to DBS, other brokerage firms, CGS, RHB, Maybank also initiated coverage of Coliwoo this month.
DBS TP 88c
RHB TP 82c
Maybank 74c
CGS 74c
DBS TP 88c
RHB TP 82c
Maybank 74c
CGS 74c
superstartup ( Date: 26-Jan-2026 09:22) Posted:
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Bought some today...
DBS Initiation Coverage
More room to dream bigger
More room to dream bigger
- Lion player within Singapore&rsquo s co-living market with c.20% of total market share in an exponentially growing market that make up only c.6% of total rental stock today
- Resilient demand across listing portfolio of 2.933 rooms underpinned by high occupancy of 96.1% (FY25) and rising foreigner demand Expertise in space reconfiguration allows Coliwoo to scale at an unprecedented rate ahead of peers
- Target delivery of an additional 1600 keys (FY26-27) close to c.70% secured in a short span of 3 months since IPO
- Initiate with BUY and TP SGD0.88
Slowly buy a bit here.