| Latest Forum Topics / Ho Bee Land Last:2.03 -- |
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Why Ho Bee UP and UP.
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Joelton
Supreme |
08-Aug-2026 15:13
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Ho Bee Land H1 profit rises 3% to S$51.1 million on higher development sales   [SINGAPORE] Property developer Ho Bee Land : H13 +1.49% posted a 3 per cent rise in net profit to S$51.1 million for its first half-year ended Jun 30, from S$49.8 million in the previous corresponding period.   This came as revenue for the half-year grew 30 per cent to S$230.5 million, from S$177.7 million the year before. The rise came mainly from higher settlements for its Australian projects and increased sale recognition from the condominium Turquoise in Sentosa Cove, the mainboard-listed group said in a bourse filing on Friday (Aug 7). Earnings per share stood at S$0.077 for the half-year, up from S$0.075 in the preceding year. No dividend was declared for the half-year, unchanged from the year prior, as it is the group&rsquo s policy to consider a final dividend only at the end of the financial year. Net asset value per ordinary share stood at S$5.70 as at Jun 30, unchanged from the S$5.70 as at last Dec 31. Sales of development properties rose 84 per cent to S$111.2 million, from S$60.4 million, while the corresponding cost of sales for residential development projects increased to S$119.2 million, from S$117.2 million previously. This was mainly attributed to increased contributions from The Metropolis, a Grade-A office building in one-north in Buona Vista. Direct rental expenses fell 40 per cent to S$10.1 million, from S$16.7 million, primarily due to a property tax refund received from planned vacancies at 1 St Martin&rsquo s Le Grand, a Grade-A office space in the heart of London. Net finance costs fell 7 per cent to S$55 million, from S$59.5 million, driven by lower interest rates. The group recognised a net unrealised exchange loss of S$5.7 million for the period, from a net gain of S$3.1 million, mainly due to the weakening of the Singapore dollar against the Australian dollar. The share of profits of jointly controlled entities fell 27 per cent to S$7.2 million, from S$9.9 million. This was mainly the result of lower sales recognition from high-rise condominium Cape Royale in Sentosa Cove and the group&rsquo s Australian joint venture projects, which were partially mitigated by higher sales contributions from the condominium Seascape in Sentosa Cove. The valuation of the group&rsquo s Singapore portfolio remained unchanged for the period, but its London portfolio recorded a net fair-value gain of S$1.3 million, down from S$6.1 million previously. Income tax expense rose to S$20.3 million from S$10.1 million the year before, primarily due to a lower tax refund received of S$5.8 million and in line with higher profit from operations. By segment, property development contributed external revenue of S$111.2 million, up from S$60.5 million, while property investment contributed S$119.2 million, up from S$117.2 million. During the half-year, the group made several acquisitions in Australia and Luxembourg, and also expanded its Australian residential land portfolio. In London, the group commenced asset enhancement works at 67 Lombard Street and made progress in its preparations for the redevelopment of 1 St Martin&rsquo s Le Grand, positioning both assets to benefit from occupiers&rsquo ongoing flight to quality amid tight Grade-A office supply. The group also invested in a convenience retail portfolio in the Netherlands and a hospitality fund in Japan. The group said it would remain disciplined in its capital allocation, guided by prudent financial management and a commitment to creating sustainable long-term value for shareholders. Shares of Ho Bee Land closed S$0.03 or 1.5 per cent higher at S$2.04 on Friday, before the announcement. |
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Joelton
Supreme |
05-Aug-2026 10:35
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Ho Bee Land acquires US$34.1 million Western Australia residential site in JV [SINGAPORE] Ho Bee Land : H13 +0.99% has acquired a residential development site in Western Australia for A$48.5 million (US$34.1 million) through a joint venture (JV), marking the developer&rsquo s expansion into the state. The tie-up is with Satterley Dianella, a subsidiary of Australia&rsquo s land developer Satterley Property Group. Ho Bee Land holds an effective interest of about 48.6 per cent in the JV. The 12.1 hectare (ha) infill site, located near Perth&rsquo s central business district, is planned for about 180 residential lots. It benefits from existing infrastructure, amenities and transport links, said the group in a bourse filing on Tuesday (Aug 4). Separately, Ho Bee Land&rsquo s indirect wholly owned subsidiary has entered into a 50:50 joint venture with another subsidiary of Satterley Property Group to develop the Elimbah site in Queensland, which the company acquired for A$318.5 million in January. The 181.4 ha master-planned development in Queensland&rsquo s City of Moreton Bay is expected to deliver about 1,400 residential lots and 64 mixed business and industrial lots. &ldquo The joint venture structure allows the group to enhance capital efficiency and to effectively diversify and reduce its capital exposure to a single large-scale development project,&rdquo said Ho Bee Land. It added that both transactions are in line with its strategy to diversify geographically within Australia, including expanding into Western Australia. The deals are expected to be financed by the group&rsquo s internal funds and bank borrowings. They are not expected to materially impact Ho Bee Land&rsquo s consolidated earnings and net tangible assets per share for the financial year ending Dec 31, 2026. Ho Bee Land will release its first-half results on Aug 7. The counter ended Tuesday 1 per cent or S$0.02 higher at S$2.04, before the news. |
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Joelton
Supreme |
24-Jun-2026 09:21
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Ho Bee Land to issue S$150 million worth of 10-year green notes at 3.3% 
 
[SINGAPORE] Real estate developer Ho Bee Land : H13 +0.98% is issuing S$150 million worth of 3.3 per cent 10-year fixed-rate green notes under its S$800 million multi-currency medium-term note programme. 
The Series 002 Notes are expected to be issued on Jun 30, 2026, and to mature on Jun 30, 2031.  Net proceeds from the issue will be used to fund or refinance new and existing green projects undertaken by the group and its subsidiaries, Ho Bee Land said in a bourse filing on Tuesday (Jun 23). This may include repaying bank borrowings, including loans from the joint lead managers, which will receive part of the proceeds from the note issue.  Under the terms of the notes, a change of shareholding event will occur if Ho Bee Land founder Dr Chua Thian Poh and his immediate family members cease to own at least 51 per cent of the group&rsquo s share capital, whether directly or indirectly.  Should that happen, holders of the Series 002 Notes can require Ho Bee Land to redeem their notes, subject to terms and conditions.  Share of Ho Bee Land closed at S$2.07 on Tuesday, up nearly 1 per cent or S$0.02, prior to the announcement.  |
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Joelton
Supreme |
08-Jun-2026 09:35
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Ho Bee chair ups stake M& G becomes substantial unitholder in NetLink NBN Trust OVER the four sessions through to the Jun 4, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million. Singtel : Z74 -0.69% again led the buyback tally, with 13.3 million shares at an average price of S$4.33, purchased under the S$2 billion value realisation share buy-back programme. Over the four sessions, more than 80 director interests and substantial shareholdings were filed for over 40 primary-listed stocks. Directors or CEOs reported 17 acquisitions and four disposals, while substantial shareholders recorded seven acquisitions and three disposals. These included CEO or director acquisitions filed for Anchun International Holdings : BTX 0%, Aspial Lifestyle : 5UF -7.41%, First Resources : EB5 -4.4%, Ho Bee Land : H13 0%, Hosen Group : 5EV 0%, Hyphens Pharma International : 1J5 -1.49%, JustCo Holdings : JCO -0.75%, King Wan Corporation : 554 -1.92%, Leong Guan Holdings : LGH -2.17%, Nam Cheong : 1MZ +0.83%, Prospera Global : 5HH 0%, and UltraGreen.ai : UGS +2.81%. As highlighted in The Business Times on Jun 4, Ginko-AGT Global Growth Fund also became a substantial shareholder in Marco Polo Marine : 5LY -3.18% following an increase in its stake to 5.006 per cent on Jun 2. Ho Bee Land: Deemed interest edges higher amid continued market accumulation Across May 28 and 29, Ho Bee Holdings acquired a combined 334,700 shares for a total consideration of S$702,358, implying an average price of about S$2.10 per share. These on-market purchases increased executive chairman Chua Thian Poh&rsquo s deemed interest from 75.737 per cent to 75.788 per cent.  The accumulation was executed via the controlling shareholder vehicle, which continues to account for the bulk of the deemed interest, alongside smaller holdings attributed to related entities and spouse. At the FY25 annual general meeting on Apr 29, 2026, Ho Bee Land said it is focused on strengthening its portfolio to improve returns over the medium to long term. This may involve asset enhancement initiatives that can impact short-term income but create long-term value, including plans to allow occupancy at 1 St Martin&rsquo s Le Grand to run down ahead of redevelopment and enhancement works at 67 Lombard Street.  Management also indicated that the group continually evaluates asset monetisation strategies for capital recycling, while seeking to balance shareholder returns with capital retention for growth and debt reduction, with a stated dividend payout range of 20 to 50 per cent of profit, excluding non-cash items.  On the balance sheet, the group reported that total debt had reduced to S$2.5 billion, with net debt declining by about S$98 million over the year and net gearing improving to 0.61 times. Aspial Lifestyle: Chairman adds to stake alongside note position reduction On Jun 2, non-executive chairman Koh Wee Seng acquired 500,000 shares via a market transaction for S$200,349, lifting his direct interest from 9.47 per cent to 9.50 per cent, with his total interest increasing from 74.99 per cent to 75.02 per cent.  Separately, on May 29, he disposed of S$500,000 in aggregate principal amount of 6.25 per cent notes due 2027 for S$504,500, reducing his direct debenture holdings from S$13 million to S$12.5 million.  As part of Aspial Lifestyle&rsquo s S$84.8 million equity fund raising, a non-renounceable preferential offering of 61,709,489 new shares opened on May 28, 2026, and remains ongoing, with eligible shareholders entitled to subscribe or apply for excess shares during the acceptance period, which closes on Jun 8, 2026. Anchun International: Chairman&rsquo s deemed interest rises while executive trims stake On Jun 2, chairman Xie Ming saw her deemed interest increase after the acquisition of 245,200 shares at an average price of about S$0.483 apiece, taking her deemed holdings from 11,247,300 shares (24.265 per cent) to 11,492,500 shares (24.795 per cent).  On the same day, executive director Dai Fengyu disposed of 27,000 shares at S$0.49 apiece, reducing his deemed interest from 3,719,500 shares (8.02 per cent) to 3,692,500 shares (7.97 per cent).  Both changes were via market transactions through their respective investment vehicles, with Xie Ming deemed interested via Ace Sense Holdings and Dai Fengyu via Dawn Vitality International.  Anchun operates an integrated engineering model, spanning system design, equipment manufacturing and project management across ammonia and methanol applications. Its FY25 annual report indicates its value formation reflects margin expansion and cost optimisation, supported by an integrated engineering model spanning design, manufacturing and project management, alongside a focus on sustainability for long-term growth. UltraGreen.ai: CEO acquires shares amid platform-based growth On May 29, CEO Ravinder Sajwan acquired 78,800 shares via a market transaction for a total consideration of US$108,042.68, at an average price of about US$1.37 per share, resulting in a direct interest of 0.01 per cent alongside a deemed interest of 61.93 per cent prior to the transaction and 61.94 per cent after. The deemed interest arises through shareholdings held by entities including IR Investments LP and Renew Group. UltraGreen.ai&rsquo s FY25 AGM materials state that the company integrates product, imaging systems and data capabilities, with growth supported by increasing adoption, procedural volumes and expansion into new markets and applications. Nam Cheong: CEO&rsquo s stake increases Q1FY26 earnings rebound On May 29, CEO Leong Seng Keat acquired 100,000 shares at S$1.30 per share via a market transaction, increasing his total interest from 4.211 per cent to 4.236 per cent. On May 15, Nam Cheong reported Q1FY26 net profit increased 160 per cent from Q1FY25 to RM78.9 million ($S25.13 million), supported by vessel utilisation rising to 58 per cent and a vessel disposal gain, with revenue up 1 per cent to RM117.9 million and net gearing reduced to 0.17 times.  With the results, Leong highlighted that five new vessels are scheduled to join the fleet for the remainder of 2026, which is expected to enhance the revenue base, alongside the recognition of initial revenue streams from the shipbuilding segment in Q2FY26, as the group balances fleet growth with capital discipline amid firm offshore demand. Leong Guan Holdings: Director increases direct interest through market purchases Between May 29 and Jun 2, executive director Chua Lian Hock acquired 32,800 shares via market transactions for a total consideration of S$6,906, at an average price of about S$0.21 per share, which increased his direct interest from 3.66 per cent to 3.69 per cent and total interest from 38.07 per cent to 38.1 per cent. This followed a purchase of 39,300 shares on May 6 for S$7,467, at an average price of about S$0.19 per share, increasing his direct interest from 3.62 per cent to 3.66 per cent. Leong Guan Holdings is a Singapore-based food manufacturing and distribution group producing fresh noodle and soy-based products while also trading and supplying OEM food items, supported by a multi-channel distribution network spanning the HORECA segment, retail and e-commerce platforms. NetLink NBN Trust: M& G emerges as substantial unitholder On May 29, M& G Investment Management acquired 3,405,600 units via a market transaction at S$1.0032 per unit, increasing its deemed interest in NetLink NBN Trust from 194,765,100 units (4.99 per cent) to 198,170,700 units (5.09 per cent), thereby becoming a substantial unitholder.    The deemed interest arises from its discretionary power over the units as investment manager, with corresponding interests also attributed to related entities including M& G FA Limited, M& G Group Limited and M& G plc. NetLink NBN Trust&rsquo s FY26 presentation highlighted its resilient business model underpinned by recurring, predictable cash flows, long-term contracts and regulated revenues, with revenue increasing to S$413.4 million, while distribution per unit continued its steady growth to S$0.0542.  Valuetronics: Amova accumulation, dividend reset and ICE shift On May 28, Amova Asset Management Asia increased its deemed interest in Valuetronics : BN2 0% following the acquisition of 1.03 million shares for about S$1.2 million, crossing the substantial shareholder reporting threshold, with the interest attributed through the ownership chain to Sumitomo Mitsui Trust Group. This builds on a defined accumulation trend, with Amova first becoming a substantial shareholder on Mar 25, followed by a further increase on Apr 20 as it crossed the next reporting threshold, indicating steady on-market positioning over a two-month period. The accumulation coincides with a reset in capital management, with Valuetronics revising its dividend policy to target an annual ordinary payout range of 50 to 70 per cent of net profit attributable to shareholders. This is alongside plans for special dividends and share buybacks over FY27 and FY28, while maintaining a strong net cash position and continued operating cash generation. Operationally, the group continues to rebalance towards higher-margin industrial and commercial electronics (ICE), supported by new customers in network access solutions and cooling solutions for high-performance computing environments, while phasing out legacy consumer electronics projects, with exit from lower-margin lifestyle products expected by end-FY26. UOB Kay Hian Research analyst John Cheong highlighted that the revised payout and capital management plan forms part of a broader programme to return HK$300 million to shareholders over two years through a combination of special dividends and share buybacks, representing a step-up from previous capital return initiatives. The research also noted the group&rsquo s net cash position of about HK$1.2 billion and pointed to improving earnings visibility and margin resilience as product mix shifts towards higher-margin industrial and commercial electronics. |
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Joelton
Supreme |
26-Feb-2026 11:51
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Ho Bee Land down 6.4%, hits one-month low on lower H2 profit Shares of the property group fall to  S$2.34 as at market open [SINGAPORE] Shares of Ho Bee Land : H13 -4% hit a one-month low on Wednesday (Feb 25) after the real estate developer posted a  decline in earnings  for its second half ended Dec 31. The stock fell as much as 6.4 per cent or S$0.16 to  S$2.34 as at market open at 9.01 am, with some 53,800 shares changing hands. This marked its lowest price in over a month as it las ttraded lower on Jan 23. By 10.01 am, the counter recovered slightly to S$2.36 but was still down by 5.6 per cent or S$0.14, with 432,200 shares transacted. Ho Bee Land on Tuesday posted a 50 per cent fall in net profit for its second half, to S$50.4 million from S$100.7 million in the year-ago period. Its revenue decreased 12 per cent to S$262.3 million from S$298 million previously. For financial year 2025, the group&rsquo s earnings declined 9 per cent on the year to S$100.2 million from S$109.6 million. Its revenue fell 17 per cent to S$440.1 million from S$528 million previously. Its board proposed a first and final dividend of S$0.05 per ordinary share for FY2025, an increase from S$0.04 in FY2024. This will be paid on May 22, after the May 13 record date. The declines in earnings followed the deconsolidation of biomedical and life sciences hub Elementum, alongside lower contributions from rental income and settlements of the group&rsquo s development properties. FY2025 rental income from the property portfolio in Singapore and London shrank by 10 per cent to S$239.9 million from S$265.7 million in the previous financial year. This was due to Elementum&rsquo s reclassification as a joint-controlled asset, following the sale of a 49 per cent stake in the project in August 2024, alongside decreased contributions from the group&rsquo s office properties in London &ndash the two-building freehold asset, Apollo House and Lunar House, and 1 St Martin&rsquo s Le Grand. |
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Joelton
Supreme |
25-Feb-2026 11:41
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Ho Bee Land posts 50% fall in H2 net profit to S$50.4 million The decline follows the deconsolidation of Elementum, decreased rental income and lower settlements of development properties [SINGAPORE] Real estate developer Ho Bee Land : H13 +0.81% on Tuesday (Feb 24) reported a 50 per cent decline in its net profit for the second half of its financial year ended Dec 31, 2025, to S$50.4 million, from S$100.7 million the year before. Revenue stood at S$262.3 million for H2, down 12 per cent from S$298 million in the year-ago period. The decline came from the deconsolidation of biomedical and life sciences hub Elementum, decreased rental income, and lower settlements of the group&rsquo s development properties. The board recommended a first and final dividend of S$0.05 per ordinary share for FY2025, an increase from S$0.04 in the previous fiscal year. Earnings per share stood at S$0.0759 for H2, down from S$0.1517 in the year before. Cash and cash equivalents stood at S$228.7 million, up from S$183.1 million in H2 FY2024. Ho Bee Land intends to grow &ldquo a strong development pipeline of well-located master-planned communities&rdquo in its key markets across Australia, among other initiatives. It also has major enhancement works slated for 1 St Martin&rsquo s Le Grand, an office building in London, for which planning permission was secured in mid-2025. Nicholas Chua, chief executive officer of Ho Bee Land, added: &ldquo We are also embarking on asset-enhancement works at 67 Lombard Street (in London) to strengthen its positioning as a Grade A best-in-class office.&rdquo Shares of Ho Bee Land ended Tuesday 0.8 per cent or S$0.02 higher at S$2.50. |
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JurongW
Elite |
24-Feb-2026 23:07
Yells: "Earnings give weight, Chart give wings" |
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HO BEE LAND FY2025 FULL-YEAR RESULTS ANNOUNCEMENT Net profit of S$102.4 million (FY2024: S$109.7 million). Underlying net profit rose by 37% excluding the partial stake sale of Elementum in 2024 Net gearing improved to 0.61x (FY2024: 0.66x)  Final dividend proposed at 5 cents per ordinary share  Details below: https://links.sgx.com/1.0.0/corporate-announcements/4FON7PLKJR6Q1BOW/875824_HBL-FY2025-Press%20Release.pdf |
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lifeisgood
Supreme |
11-Feb-2026 09:00
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Thanks a lot for the excellent info. I am vested and hope this stock can fly! 
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k2kingkong
Senior |
11-Feb-2026 01:45
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Executive SummaryHo Bee Land has continued its strong momentum into 2026, with the share price reaching S$2.46 (as of February 10, 2026), representing a 35.16% increase in market cap over the past year to S$1.63 billion. The company is scheduled to release its FY2025 full-year unaudited results on February 24, 2026.
Recent 2026 Developments1.  Major Australian Expansion (January 2026)The most significant recent catalyst is the A$318.5 million (S$279.8 million) acquisition of a 181.36-hectare development site in Elimbah, Queensland, Australia:
This follows five Australian property acquisitions in November 2025 totaling A$96.6 million (three in Queensland, two in Victoria), demonstrating aggressive expansion in the Australian market where national median home prices reached a record A$1.3 million in 2025.
2.  Strong H1 FY2025 Performance (August 2025)The company reported exceptional first-half FY2025 results (six months ended June 30, 2025):
 
Key Drivers:
3.  Management Changes (January 2026)
Updated Share Price Performance (2026)
Technical Indicators:
Why the Share Price Continues to Rise (2026 Update)1.  Sustained Profitability MomentumFollowing the FY2024 turnaround (S$109.6m net profit vs. S$259.8m loss in FY2023), H1 FY2025 demonstrated that the recovery is sustainable and accelerating with 466% profit growth.
2.  Aggressive but Strategic Australian ExpansionThe A$415+ million invested in Australian land acquisitions since November 2025 signals:
3.  Anticipation of Strong FY2025 Full-Year ResultsWith the results announcement scheduled for February 24, 2026, the market is pricing in continued strong performance. The company has guided that the Queensland acquisition will not materially impact FY2026 earnings, suggesting existing operations are driving value.
4.  Improved Balance Sheet Position
5.  Deep Value PlayTrading at 0.39x&ndash 0.44x book value with a P/E below 11x, Ho Bee Land remains attractively valued compared to regional peers, especially given its prime London and Singapore commercial assets.
Key Upcoming Catalysts 
Investment Risks to Monitor
ConclusionHo Bee Land' s share price appreciation in 2026 reflects a combination of operational execution, strategic expansion, and valuation re-rating. The company has transformed from a distressed asset play to a growth story, with the Australian acquisitions providing a visible pipeline of future earnings. With FY2025 full-year results due on February 24, 2026, investors should watch for confirmation of continued profitability and guidance on development timelines for the expanded Australian land bank.
The stock remains attractively valued at < 0.5x book value with a single-digit P/E, offering potential upside to the analyst target of S$2.82 (+17.5%), though near-term technical indicators suggest the stock may be due for consolidation after its recent rally.
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lifeisgood
Supreme |
10-Feb-2026 14:10
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I think the latest investment into this A$318 million plot in Queensland is going to be very profitable. Watching closely its future development. Would it be like another Sentosa Cove, but is now the Queensland Infinity Planet? Can the son outdo his father? 
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iamsimone
Member |
09-Feb-2026 15:40
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Nearby .. same town huge development of infinity planet. https://www.outdoordesign.com.au/news-info/plans-filed-for-australias-first-entertainment-city/10993.htm#:~:text=%E2%80%9CInfinity%20Planet%20will%20be%20so,precinct%2C%20and%20supporting%20residential%20accommodation. | ||||||||||||||||||||||||||||||||||||||||||||
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iamsimone
Member |
09-Feb-2026 15:36
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https://www.sunshinecoastnews.com.au/2026/02/02/land-beside-highway-sells-for-318-million/ | ||||||||||||||||||||||||||||||||||||||||||||
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JurongW
Elite |
04-Feb-2026 16:01
Yells: "Earnings give weight, Chart give wings" |
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Not vested, just updating the folks here on the results anniuncement date.
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lifeisgood
Supreme |
04-Feb-2026 08:57
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Any earnings preview, heads-up?
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JurongW
Elite |
04-Feb-2026 02:12
Yells: "Earnings give weight, Chart give wings" |
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HBL will release its full year results on 24 Feb after trading hours. | ||||||||||||||||||||||||||||||||||||||||||||
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Jiyaji
Senior |
27-Jan-2026 20:07
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I would think between $3.25-$3.40 if this trend continues. DYOD
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lifeisgood
Supreme |
27-Jan-2026 15:21
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How high can it go? | ||||||||||||||||||||||||||||||||||||||||||||
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Neutral_Guy
Senior |
26-Jan-2026 13:28
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This stock on an upward momentum. Since touching 2.14, have been up more than 10%. Should be going up again.  | ||||||||||||||||||||||||||||||||||||||||||||
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Joelton
Supreme |
26-Jan-2026 12:27
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Ho Bee Land acquires Queensland development site for A$318.5 million
The 181.36-hectare site is located in Elimbah, within the City of Moreton Bay
[SINGAPORE]   Ho Bee Land   : H13 +2.17% acquired a development site in Queensland, Australia for A$318.5 million as the group moved to expand its long-term land bank in the country, it announced on Monday (Jan 26). 
 
The acquisition was made through its wholly owned subsidiary, Elimbah Land, which entered into a contract of sale for the 181.36-hectare site located in Elimbah, within the City of Moreton Bay.
 
The release did not specify the seller involved in the transaction. 
 
Upon completion, the site is expected to accommodate approximately 1,400 residential lots and approximately 64 mixed business and industrial lots.
 
Ho Bee Land highlighted the site&rsquo s strategic location, noting its direct access to the Bruce Highway and its proximity to established employment, residential, and logistics precincts.
 
The developer described the move as being in the ordinary course of business, aligning with its strategic objective to secure large-scale, long-term land banks in key Australian markets.
 
The total purchase consideration of A$318.5 million was arrived at on a willing-buyer, willing-seller basis, factoring in the site&rsquo s location and development potential, Ho Bee Land said.
 
A deposit of A$10 million has been paid upon the execution of the contract. The remaining balance will be payable in stages, contingent on agreed settlement milestones.
 
The group stated that the acquisition will be funded through a combination of internal funds and bank borrowings.
 
Ho Bee Land does not expect the transaction to have a material impact on its consolidated earnings and net tangible assets per share for the financial year ending December 31, 2026.
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lifeisgood
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26-Jan-2026 09:06
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Good news: Ho Bee bought more land for development to beef up its landbank in Australia So now Ho Bee has a sizeable landbank, plus its portfolio of mature commercial properties in Singapore and UK. It therefore has paved its way for a Reit listing of its commercial properties, and will not be accused by SGX for " Chain Listing" It is ready now. Hold on tight to your Ho Bee shares! |
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