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Latest Forum Topics / Wee Hur    Last:0.64    +0.01  Post Reply
Wee Hur
superstartup
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22-Apr-2022 13:13     
 
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 Alert Admin 		This morning announcement.
Entered into a sale.
Sold 9.9% stake.
Still hold 50.1% stake, after sale.

Financial Effects of current sale:
NTA up from 49c to 59c (+10c)
EPS 0.07c to 11.85c (+11.78c).

Take note company still holding 50.1% stake after the current sale of 9.9% stake.

See announcement in SGX.

(Pls do your own DD)
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moonsun
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22-Apr-2022 12:37     
 
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 Alert Admin 		Found this thread.. finally burst 21 with volume.. :)

helloisme      ( Date: 15-Oct-2021 18:41) Posted:

Wee Hur' s net asset value was S$0.42 per share as at June 30, marginally lower than the S$0.45 as at Dec 31, 2020.

Stock price Still struggling to go above $0.200

PhillipTan      ( Date: 16-Aug-2021 02:23) Posted:

Wee Hur incurs first loss in over 40 years of business, hard hit by the pandemic

Wee Hur Holdings reported a loss of about S$25 million - its first red ink in over 40 years of business - for the first half of FY 2021, as the mainboard-listed property developer and builder has been hard hit by the pandemic.

In contrast, it posted S$14.3 million in net earnings for H1 FY 2020 ended June.

Executive chairman Goh Yeow Lian commented: " Having been in business for more than 40 years, this is the first time the group is losing money&hellip With more countries accelerating the vaccination plan, we are optimistic that the impact of Covid-19 will be reduced when more countries are lifting their travel restrictions in the near future."

The company' s revenue dropped by 15 per cent to S$85.5 million, compared to S$100.8 million for H1 FY 2020.

The company' s purpose-built student accommodation (PBSA) and construction businesses both incurred losses while the gain from the worker dormitory business declined substantially, according to the financial results released on Friday night.

The company stated that its construction business will complete projects nine to 12 months late, or even longer. Additional costs will be incurred due to the prolonged construction period, increase in labour costs, escalation of material prices and compliance of stringent safe management measures.

Its Tuas View Dormitory' s capacity was reduced by almost 30 per cent, after the number of beds allowed for occupation was cut from 16,800 to 11,808 under the new requirement for workers' dormitories.

Moreover, the reduced numbers of foreign workforce and competition from newly built temporary worker dormitories led to a low occupancy.

The PBSA business in Australia had not been spared either, due to border closures since March 2020. The occupancy rate for its PBSA properties that are in operation decreased to around 36 per cent, but Wee Hur did not disclose the pre-pandemic occupancy rate in the financial results.

Its newly built PBSA in Adelaide has been closed since the beginning of the year so as to keep operating costs low. The company sees Australia' s border closure to be in place for the whole of 2021 against the backdrop of the Delta variant and low vaccination rate there.

The company, however, reported that its residential property business is holding up well, and will be launching Bartley Vue, a 115-unit condominium in Bartley in September 2021.

Wee Hur' s net asset value was S$0.42 per share as at June 30, marginally lower than the S$0.45 as at Dec 31, 2020. Loss per share was 2.71 Singapore cents, compared to an earnings per share of 1.56 cents for H1 FY2020.

Despite it posting a loss, there will be an interim dividend of 0.2 Singapore cent payable on Sept 10.

The counter closed flat at S$0.205 on Friday, before the financial performance went public.

 


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helloisme
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15-Oct-2021 18:41     
 
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 Alert Admin 		Wee Hur' s net asset value was S$0.42 per share as at June 30, marginally lower than the S$0.45 as at Dec 31, 2020.

Stock price Still struggling to go above $0.200

PhillipTan      ( Date: 16-Aug-2021 02:23) Posted:

Wee Hur incurs first loss in over 40 years of business, hard hit by the pandemic

Wee Hur Holdings reported a loss of about S$25 million - its first red ink in over 40 years of business - for the first half of FY 2021, as the mainboard-listed property developer and builder has been hard hit by the pandemic.

In contrast, it posted S$14.3 million in net earnings for H1 FY 2020 ended June.

Executive chairman Goh Yeow Lian commented: " Having been in business for more than 40 years, this is the first time the group is losing money&hellip With more countries accelerating the vaccination plan, we are optimistic that the impact of Covid-19 will be reduced when more countries are lifting their travel restrictions in the near future."

The company' s revenue dropped by 15 per cent to S$85.5 million, compared to S$100.8 million for H1 FY 2020.

The company' s purpose-built student accommodation (PBSA) and construction businesses both incurred losses while the gain from the worker dormitory business declined substantially, according to the financial results released on Friday night.

The company stated that its construction business will complete projects nine to 12 months late, or even longer. Additional costs will be incurred due to the prolonged construction period, increase in labour costs, escalation of material prices and compliance of stringent safe management measures.

Its Tuas View Dormitory' s capacity was reduced by almost 30 per cent, after the number of beds allowed for occupation was cut from 16,800 to 11,808 under the new requirement for workers' dormitories.

Moreover, the reduced numbers of foreign workforce and competition from newly built temporary worker dormitories led to a low occupancy.

The PBSA business in Australia had not been spared either, due to border closures since March 2020. The occupancy rate for its PBSA properties that are in operation decreased to around 36 per cent, but Wee Hur did not disclose the pre-pandemic occupancy rate in the financial results.

Its newly built PBSA in Adelaide has been closed since the beginning of the year so as to keep operating costs low. The company sees Australia' s border closure to be in place for the whole of 2021 against the backdrop of the Delta variant and low vaccination rate there.

The company, however, reported that its residential property business is holding up well, and will be launching Bartley Vue, a 115-unit condominium in Bartley in September 2021.

Wee Hur' s net asset value was S$0.42 per share as at June 30, marginally lower than the S$0.45 as at Dec 31, 2020. Loss per share was 2.71 Singapore cents, compared to an earnings per share of 1.56 cents for H1 FY2020.

Despite it posting a loss, there will be an interim dividend of 0.2 Singapore cent payable on Sept 10.

The counter closed flat at S$0.205 on Friday, before the financial performance went public.

 

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PhillipTan
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16-Aug-2021 02:23     
 
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Wee Hur incurs first loss in over 40 years of business, hard hit by the pandemic

Wee Hur Holdings reported a loss of about S$25 million - its first red ink in over 40 years of business - for the first half of FY 2021, as the mainboard-listed property developer and builder has been hard hit by the pandemic.

In contrast, it posted S$14.3 million in net earnings for H1 FY 2020 ended June.

Executive chairman Goh Yeow Lian commented: " Having been in business for more than 40 years, this is the first time the group is losing money&hellip With more countries accelerating the vaccination plan, we are optimistic that the impact of Covid-19 will be reduced when more countries are lifting their travel restrictions in the near future."

The company' s revenue dropped by 15 per cent to S$85.5 million, compared to S$100.8 million for H1 FY 2020.

The company' s purpose-built student accommodation (PBSA) and construction businesses both incurred losses while the gain from the worker dormitory business declined substantially, according to the financial results released on Friday night.

The company stated that its construction business will complete projects nine to 12 months late, or even longer. Additional costs will be incurred due to the prolonged construction period, increase in labour costs, escalation of material prices and compliance of stringent safe management measures.

Its Tuas View Dormitory' s capacity was reduced by almost 30 per cent, after the number of beds allowed for occupation was cut from 16,800 to 11,808 under the new requirement for workers' dormitories.

Moreover, the reduced numbers of foreign workforce and competition from newly built temporary worker dormitories led to a low occupancy.

The PBSA business in Australia had not been spared either, due to border closures since March 2020. The occupancy rate for its PBSA properties that are in operation decreased to around 36 per cent, but Wee Hur did not disclose the pre-pandemic occupancy rate in the financial results.

Its newly built PBSA in Adelaide has been closed since the beginning of the year so as to keep operating costs low. The company sees Australia' s border closure to be in place for the whole of 2021 against the backdrop of the Delta variant and low vaccination rate there.

The company, however, reported that its residential property business is holding up well, and will be launching Bartley Vue, a 115-unit condominium in Bartley in September 2021.

Wee Hur' s net asset value was S$0.42 per share as at June 30, marginally lower than the S$0.45 as at Dec 31, 2020. Loss per share was 2.71 Singapore cents, compared to an earnings per share of 1.56 cents for H1 FY2020.

Despite it posting a loss, there will be an interim dividend of 0.2 Singapore cent payable on Sept 10.

The counter closed flat at S$0.205 on Friday, before the financial performance went public.

 
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Joelton
Supreme
11-Aug-2021 09:16     
 
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Wee Hur, ISOTeam expect net losses due to pandemic impact
 
WEE Hur Holdings and ISOTeam separately announced on Tuesday that they would report net losses for, respectively, the six months and full year ended June 30.
 
In a profit guidance released after market close, mainboard-listed property group Wee Hur said that its weaker-than-expected financial performance for H1 2021 was partly due to additional costs required to complete projects for its construction arm in Singapore.
 
This was mainly attributed to the prolonged construction period, increase in labour costs and material prices, as well as compliance of stringent safe-management measures during the Covid-19 pandemic.
 
Occupancy levels also fell at Wee Hur' s student accommodation portfolio in Australia due to border restrictions, while the group' s dormitory business recorded lower occupancies and reduced the number of beds.
 
Wee Hur thus expects to report a consolidated net loss for H1 2021, following a preliminary review of its unaudited financial results. It will release the results by Aug 13.
 
Shares in Wee Hur closed flat at S$0.21 on Tuesday before the announcement.
 
Meanwhile, building maintenance and estate upgrading firm ISOTeam expects a net loss for its fiscal year ended June 30, given the " continued adverse impact" from the coronavirus pandemic and further provisions for impairment losses.
 
The Catalist-listed group flagged continued labour shortages, increased costs, disruptions to raw material supply chains and disruptions to subcontractors' work due to pandemic-related restrictions.
 
For the Pure Group entities, ISOTeam expects to make further provisions for impairment losses, due to low order books and delays in project execution.
 
" Nevertheless, the company wishes to assure shareholders that the group has sufficient working capital to meet its operational needs and financial commitments," ISOTeam said.
 
It will announce its full-year results on or before Aug 29.
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PhillipTan
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11-Aug-2021 02:06     
 
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Wee Hur, ISOTeam expect net losses due to pandemic impact

Wee Hur Holdings and ISOTeam separately announced on Tuesday that they would report net losses for, respectively, the six months and full year ended June 30.

In a profit guidance released after market close, mainboard-listed property group Wee Hur said that its weaker-than-expected financial performance for H1 2021 was partly due to additional costs required to complete projects for its construction arm in Singapore.

This was mainly attributed to the prolonged construction period, increase in labour costs and material prices, as well as compliance of stringent safe-management measures during the Covid-19 pandemic.

Occupancy levels also fell at Wee Hur' s student accommodation portfolio in Australia due to border restrictions, while the group' s dormitory business recorded lower occupancies and reduced the number of beds.

Wee Hur thus expects to report a consolidated net loss for H1 2021, following a preliminary review of its unaudited financial results. It will release the results by Aug 13.

Shares in Wee Hur closed flat at S$0.21 on Tuesday before the announcement.

Meanwhile, building maintenance and estate upgrading firm ISOTeam expects a net loss for its fiscal year ended June 30, given the " continued adverse impact" from the coronavirus pandemic and further provisions for impairment losses.

The Catalist-listed group flagged continued labour shortages, increased costs, disruptions to raw material supply chains and disruptions to subcontractors' work due to pandemic-related restrictions.

For the Pure Group entities, ISOTeam expects to make further provisions for impairment losses, due to low order books and delays in project execution.

" Nevertheless, the company wishes to assure shareholders that the group has sufficient working capital to meet its operational needs and financial commitments," ISOTeam said.

It will announce its full-year results on or before Aug 29.

ISOTeam shares rose 4.1 per cent or 0.5 Singapore cent to finish at 12.8 cents, before its filing.

 
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MarcLim
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02-Jun-2021 16:52     
 
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 Alert Admin 		Today volume,😱 so long didn' t see. Who collecting? 

Joelton      ( Date: 02-Jun-2021 09:55) Posted:

Wee Hur bags S$176.7m construction project from HDB
 
MAINBOARD-LISTED Wee Hur Holdings, through its wholly-owned unit Wee Hur Construction, has secured a new project worth S$176.7 million from the Housing and Development Board.
 
In a regulatory filing on Tuesday, the group said the project covers building and contingency works in Bidadari. The construction period of the project is 44 months, starting this month.
 
The project is not expected to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the financial year ending Dec 31, 2021.
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Joelton
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02-Jun-2021 09:55     
 
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Wee Hur bags S$176.7m construction project from HDB
 
MAINBOARD-LISTED Wee Hur Holdings, through its wholly-owned unit Wee Hur Construction, has secured a new project worth S$176.7 million from the Housing and Development Board.
 
In a regulatory filing on Tuesday, the group said the project covers building and contingency works in Bidadari. The construction period of the project is 44 months, starting this month.
 
The project is not expected to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the financial year ending Dec 31, 2021.
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fundamentalhero
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27-Mar-2021 20:52     
 
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Yells: "I NEED HONEYS AND MONIES"
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 Alert Admin 		another gem high nav and invreasing dividend % with strong aug growth play (student accomodation)
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MarcLim
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25-Jan-2021 13:56     
 
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 Alert Admin 		This slow tortoise creeping up from 17/18/19/20... will it fly someday?🤔

goldenpotato      ( Date: 14-Aug-2020 16:15) Posted:

just to share with other long term holder like me, who bought in a bit high and now only can hold.  lol. 
Result had annouced yesterday.
1st half of year 2020 - net profit surge 29%
Declare dividend: SGD 0.002
Ex Date: 27 Aug 2020
Pay Date: 11 Sep 2020
 

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goldenpotato
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14-Aug-2020 16:15     
 
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 Alert Admin 		just to share with other long term holder like me, who bought in a bit high and now only can hold.  lol. 
Result had annouced yesterday.
1st half of year 2020 - net profit surge 29%
Declare dividend: SGD 0.002
Ex Date: 27 Aug 2020
Pay Date: 11 Sep 2020
 
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ferarri79
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27-Jun-2020 17:39     
 
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 Alert Admin 		noticed some tradin activities on this counter recently after bein quiet for few yrs
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Joelton
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27-Jun-2020 17:28     
 
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Wee Hur acquires Sydney properties for total consideration of $44.0 mil
Construction company Wee Hur announced that it has acquired two properties in Sydney, Australia, for a total consideration of A$46 million (S$44.0 million).
The acquisition was made by Wee Hur&rsquo s 68.97%-owned Wee Hur PBSA Master Trust, through its wholly-owned sub-trust, WH Regent Trust on Friday.
Wee Hur PBSA Master Trust was established by Wee Hur for the purpose of undertaking the company&rsquo s purpose-built student accommodation portfolio (PBSA) in Australia.
The newly-acquired properties come with a total area of 1,287 square metres, and comprise a mix of ground-floor retail units and upper floor residential strata units.
Wee Hur intends to develop the properties into a PBSA with about 459 beds.
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ferarri79
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03-Jun-2020 12:23     
 
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 Alert Admin 		u mean upcoming new dorm? 

moonsun      ( Date: 03-Jun-2020 12:22) Posted:

Oxley was once 19ish.. same lvl as wee hur.. probably takes time mate.. their dorm should b money spinner.. although lesser after covid
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moonsun
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03-Jun-2020 12:22     
 
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 Alert Admin 		Oxley was once 19ish.. same lvl as wee hur.. probably takes time mate.. their dorm should b money spinner.. although lesser after covid
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ferarri79
Senior
03-Jun-2020 11:34     
 
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 Alert Admin 		any long term holders here? noticed there' s some price movement these 2 days. 
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Joelton
Supreme
17-Mar-2020 09:46     
 
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Wee Hur eyes acquisition of Canberra property at purchase price of $25 mil

Stanislaus Jude Chan  16/03/2020, 5:56pm

SINGAPORE (Mar 16): Construction company Wee Hur is acquiring a plot of land at Moore Street in Canberra, Australia, for a total purchase consideration of A$29 million ($25.3 million).

Wholly-owned subsidiary Wee Hur (Buranda 2) (WHB2) has entered into a call option nomination deed with option holder Moore Canberra Property Pty Ltd ATF Moore Canberra Property Unit Trust in relation to the proposed acquisition.

Under a call option with the seller in August 2018, the option holder has the right to purchase the 1,400 sqm property for A$20 million.

Pursuant to the deed, Wee Hur will also pay a further A$9 million for the option holder to nominate WHB2 to exercise the option and enter into the contract for the sale and purchase of the property.

The full purchase consideration will be paid in cash and funded by internal resources.

The group says the proposed acquisition is in line with its strategy to venture into Australian-focused purpose-built student accommodation with the aim of collecting passive recurring rental income.

Located off-campus and some 150 metres away from The Australian National University, the title to the property is held under a crown lease for a term of 99 years, expiring on Aug 30, 2078.

It is customary in the Australian Capital Territory for crown leases to be renewed on expiry, the company says in a regulatory filing on Monday.

Wee Hur says the proposed acquisition is not expected to have a material impact on its earnings per share and net tangible assets per share for the current financial year ending December 2020.

Shares in Wee Hur closed half a cent lower, or down 2.6%, at 18.5 cents on Monday, before the announcement.

https://www.theedgesingapore.com/news/property/wee-hur-eyes-acquisition-canberra-property-purchase-price-25-mil
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helloisme
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10-Jul-2019 16:31     
 
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 Alert Admin 		Wee Hur unit bags S$39m construction project from Tanglin Trust School

But it just won't move.... 🤔
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Keepfaith2018
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02-Jul-2019 17:48     
 
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 Alert Admin 		Think so too, just keep to collect dividends
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bishan22
Supreme
02-Jul-2019 13:34     
 
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 Alert Admin 		Bb not interested. Hv to wait long long.

Keepfaith2018      ( Date: 02-Jul-2019 09:56) Posted:

When will this ever move...
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