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Is Oxley a good buy at current price?
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Starship
Supreme |
08-Sep-2021 11:00
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Whenever a company' s financial report do not state the Nett Profit upfront at the summary on the first page, it' ' s a clear indication it is trying to hide it' s Nett Loss in the small prints further don the document. If the company' s PR Release does not mention Nett Profit but insstead mention only Gross Profit or Profit Before Tax or Non-Gaap Profit, etc, it means it is trying to hide it' s losses from readers. So, whenever we do not see the Nett Profit mentioned in these releaes, it' s a Red Alert to avoid the stock at all costs!!!!! 
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ETLee8
Master |
08-Sep-2021 10:47
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Bro, share price also very low now lah. More likely upside than downside at this price.
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Stocky901
Supreme |
08-Sep-2021 10:36
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Gearing already so high and still borrowing. Hopeless. 😑 | ||||
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hopeful7703
Member |
02-Sep-2021 10:22
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Oxley' s FY21 results weaker than expected, but FY22 should be better: UOB Kay HianUOB Kay Hian analyst Adrian Loh has kept his &ldquo buy&rdquo call for Oxley Holdings unchanged after the company reported its FY2021 ended June results on August 26. Noting that Oxley rebounded from a loss in FY2020 to post earnings of $13.1 million for FY2021, Loh highlights that the results were still weaker-than-expected due to one-off items as well as the voluntary administration of an Australian subsidiary. &ldquo Excluding these one-off items, Oxley would have reported a net profit of $137 million,&rdquo he comments in an August 31 research note. Nonetheless, Loh anticipates FY2022 will be a stronger year for the company, given that a number of its Singapore and overseas projects will be completed. For Singapore, Oxley management has guided that the company will sell out of its current projects in the next six to eight months, which Loh views will underpin its FY2022 revenue and profit. The Singapore market is expected to remain firm, though Loh notes that there may be a policy risk if prices continue to strengthen. Oxley has four ongoing projects in Singapore which are currently on track and expected to complete on time, despite the current construction labour shortages. Oxley has also guided it will increasingly focus on developed countries, in particular UK and Ireland, in addition to its home market of Singapore. In Dublin, Oxley&rsquo s mixed-use Connolly Station project has a gross development value (GDV) of $1 billion and is targeted for completion in four to five years. In the UK, its Deanston Wharf project, in which the company has a 50% stake has a GDV of $675 million and will launch next month in London, Hong Kong and China followed by an October launch date in Singapore. &ldquo Given that its Royal Wharf project next door has already sold out, the company sounded very confident that this project would be similarly successful,&rdquo Loh remarks. Loh has upgraded his FY2022 and FY2023 earnings estimates by 18% and 2% respectively to reflect quicker-than-expected completion for Oxley&rsquo s Singapore projects as well as potential cashflow from completed projects in Ireland and Cambodia. However, his target price for Oxley has been trimmed to 28 cents from 37 cents previously, as his valuation is now pegged at a 40% discount to realisable net asset value (RNAV), higher than the 30% discount applied previously. &ldquo This discount to RNAV is in line with other property developers under our coverage,&rdquo he explains. Loh believes that given the strategic move to divest from emerging markets and focus on developed markets, Oxley&rsquo s risk-adjusted returns in the long run may &ldquo likely contract&rdquo , though the way he sees it, it may not be a bad thing. &ldquo Looking ahead, the company appears to be well placed for the next two years to generate steady revenue as project timetables are firmed up post-Covid-19,&rdquo he says. He sees Oxley shares as inexpensive, given that they are currently trading at 4.9 times FY2022 P/E, with a 4.7% yield. As at 9.59am, shares in Oxley are trading flat at 22 cents. |
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Goldfinger
Supreme |
31-Aug-2021 22:40
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Should be fine going forward. ANALYSTS SAY: Buy, Sell, Hold (31 Aug) (nextinsight.net) |
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ETLee8
Master |
31-Aug-2021 21:13
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This looks and sounds very good leh. So it is way under-valued. I think there is a mis-communications somewhere. 1. The Edge daily reported a different set of profit numbers .. so it looks under-performed. 2. The initial report stated no dividend given, but this was reversed a day after in the final report.
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Jamesbond008
Member |
31-Aug-2021 14:10
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Read this yourself. https://www.smallcapasia.com/oxleys-sales-jumped-33-y-o-y-expects-more-good-news-ahead/ |
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Jamesbond008
Member |
31-Aug-2021 14:09
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https://www.smallcapasia.com/oxleys-sales-jumped-33-y-o-y-expects-more-good-news-ahead/Oxley&rsquo s sales jumped 33% y-o-y: Expects more gooOxley&rsquo s sales jumped 33% y-o-y: Expects more good news aheadd news aheadHome-grown property developer Oxley Holdings Limited (SGX: 5UX) has just released its FY2021 results on 27th August 2021. At a quick glance, its revenue jumped 33% to S$1.4 billion on a year-to-year basis. Profit before tax from continuing operations also rebounded from a loss of S$251.3 million in FY2020 to S$109.1 million in FY2021. Can the company continue to ride on its rebound? To answer that question, we list down a few things that investors should know. But first, let&rsquo s get started by this quick primer on Oxley Holdings. About Oxley HoldingsOxley Holdings Limited, a home-grown property developer with business presence in nine geographical markets. Oxley Holdings Limited is a home-grown property developer with a diversified portfolio including property development, property investment and project management. The Group currently has a business presence across 9 geographical markets including Singapore, the United Kingdom (the &ldquo UK&rdquo ), Ireland, Cyprus, Cambodia, Malaysia, the People&rsquo s Republic of China (&ldquo PRC&rdquo ), Vietnam and Australia. |
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Jamesbond008
Member |
31-Aug-2021 14:06
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I totally disagreed with you. Your statement has no logics and just pluck-from-air assumptions. The Company will be collecting around $700 million cash when Riverfront Residences and Affinity TOP in 2022 based on their ownership in these projects. This is 70% of their present market capitalisation. They have other projects going to TOP in 2022-2023 and that means more cash coming into the Company. Did you read that OXLEY is the only SGX-listed developer working with government to build township? Name me another SGX-listed developer who is doing that. Go do your homework and stop talking nonsense.
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Leenyah
Member |
31-Aug-2021 13:56
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So, what is the expectation? Still cannot see the logic&hellip . 2020 - Reported loss - $262M price can hold around 24c 2021 - Reported nett profit +$49M , price decline to 22c/22.5 Just my view&hellip |
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ETLee8
Master |
31-Aug-2021 13:15
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I totally disagree. Despite Covid, they are able to complete n sold a total of $4.3B is a great achievement. The balance will be reported as revenue n profits in the next 2 quarters. My only concern is corporate governance. Despite hving a very good sales volumes 3600 units sold in 2021 (i doubt any other developers in sg sold so much in 1 year), the profits are still low in my expectation. Perhaps they could explain better and the share prices could go up much higher.
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dlim888
Member |
31-Aug-2021 13:04
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In my opinion , the gung ho good old days for Oxley is probally close to over . Too many projects and JV globally albeit only Cambodia , UK and Singapore are still providing the significant revenue stream - many could eventually stall . BVSP is around 24.89 cents versus current share price of 22.5 cents . Although gearing has come down but comparingly still high among peers. So valuation is not attractive at all comparing to likes of Ho Bee , Wingtai , Yanlord and Tuan Sing to name a few. | ||||
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ETLee8
Master |
31-Aug-2021 11:06
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Oxley reported revenue growth of 33% to S$1.4 billion and profit from continuing operations of S$109.1 million for FY2021 &bull FY2021 revenue increased 33% to S$1.4 billion &bull Profit before tax from continuing operations was S$109.1 million in FY2021, compared to a loss of S$251.3 million for FY2020 &bull In Singapore, close to 3,600 residential development units have been sold as of early August, representing 91% of the development portfolio and 87% of the portfolio gross development value or approximately S$4.3 billion &bull The Group&rsquo s effective stake in future progress billings from Singapore and overseas projects amount to approximately S$1.9 billionhe used the pro The Board of Directors of Oxley Holdings Limited (the " Company" ) refers to the Company&rsquo s announcement on 26 August 2021 of its unaudited condensed interim financial statements for the six months and full year ended 30 June 2021 (the &ldquo Announcement&rdquo ). Further thereto, the Board has decided to recommend for the approval of shareholders at the forthcoming annual general meeting of the Company a first and final one-tier tax exempt dividend of $0.0025 per ordinary share in respect of the financial year ended 30 June 2021 (the &ldquo Final Dividend&rdquo ). I Profit before tax of $109m is reasonable but then he used the profits to pay off discontinued operations of $40m, ..this and that, bla bla, .. I think SGX need to check and question them......
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Stocky901
Supreme |
31-Aug-2021 10:58
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Results not up to expectation. Selling down likely for next couples of weeks. 😆
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ETLee8
Master |
31-Aug-2021 10:34
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Yes it is making money here. But the financial reports is not clear. Actually how much is Oxley' s Profits ???
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Leenyah
Member |
31-Aug-2021 07:47
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SG stock abit crazy. Good results - profits and dividends - then sell down. But when the large corporation is bleeding billions, still investors want to put in money. |
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ETLee8
Master |
30-Aug-2021 08:21
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Did not see the Gov Support Claimns during this Covid period in their financial report ? This could amount to tens of millions.
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ETLee8
Master |
28-Aug-2021 22:34
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https://links.sgx.com/FileOpen/Oxley%20FY2021%20PR.ashx?App=Announcement& FileID=681838 The press release and financial report are misleading and difficult to comprehend. |
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moron101
Supreme |
28-Aug-2021 13:49
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MC Payment should give dividend also. Maybe after name changed to OxPay. Please support. 👍 👍
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Playsafe
Member |
28-Aug-2021 11:32
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Thank you, bro Goldfinger. They clearly heard you.
0.25C quite low, but better than nothing.
Hope they rmb this next results announcement.
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