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Is Oxley a good buy at current price?
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lionelpoh
Member |
09-Oct-2020 12:59
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Oxley AGM : 26th Oct 2020 Annual report out liao. Declared dividend after agm pass = amount SGD 0.015 in total |
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johnng
Supreme |
08-Oct-2020 06:49
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Need Oxley boss to come... Not hard move.. Vested though upside Still looking good | ||||
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NT1825
Master |
08-Oct-2020 00:20
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This also applies to OHL:- RHB ' overweight' on Singapore property sectorReal estate developers are trading at deep discounts to their book values and revalued net asset values The research team' s top pick is still CapitaLand, with a target price of S$3.75, given the property giant' s globally diversified portfolio, stable real estate investment trusts and a growing recurring income base from its fund management platform. TUE, OCT 06, 2020 - 5:50 AM www.businesstimes.com.sg/companies-markets/rhb-overweight-on-singapore-property-sector |
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NT1825
Master |
07-Oct-2020 09:28
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That why worth the buy. In less than 1 month, can get 6% interest. I also doubt it can drop further, very cheap for property counter. Note bullish report on buying trends post earlier
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lennyk
Member |
07-Oct-2020 09:23
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Thank you. so its based on the news story. hmm, 1.5 cents is a lot almost 6 % .
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lionelpoh
Member |
06-Oct-2020 22:15
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For those that do not wish to go thru that channel they can take advantage of this method. Lol
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look@bright
Elite |
06-Oct-2020 21:49
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you are wrong not for HDB upgraders. HDB upgraders needs bridging loan from bank or ABSD remission which they can always apply with HDB.
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lionelpoh
Member |
06-Oct-2020 21:44
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It will affect all sorts of hdb upgraders who wants to book a preferred unit while selling their flat actually
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look@bright
Elite |
06-Oct-2020 21:28
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This regulation doesn' t affect Oxley because Ox develop and sell mass market condos. Those affected are mostly those luxury properties developed by Bukit Sembawang, Guocoland, Capitaland, Far East etc
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Observers
Elite |
06-Oct-2020 21:07
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When a crisis hits and people become desperate, all sorts of funny things will come out. are those expiring options also signed at a higher price compared to those which are actually exercised? can only hope its not another hyflux dividend in specie manouvering.
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NT1825
Master |
06-Oct-2020 20:44
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Oxley has recommended a final dividend of 1.5 Singapore cents per share, compared with one of 0.68 Singapore cent per share in the year-ago period. Together with the interim dividend of 0.32 Singapore cents paid in March, the full-year dividend is 1.82 Singapore cents. www.businesstimes.com.sg/companies-markets/oxley-holdings-posts-s2963m-net-loss-for-h2-despite-gross-profit-quadrupling
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stanip
Veteran |
06-Oct-2020 19:15
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You need to copy and paste the link (url) to a browser to click. Unfortunately, this forum I believe has some security restrictions...
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lennyk
Member |
06-Oct-2020 13:54
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hey, does anyone have the link to the article where Oxley has already mentioned the final divident. because as per the UOB KH report on 2nd sept it says 1.5 s final divident . including a special devident . but currently i do not see a CD for the ticker. thanks
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NT1825
Master |
06-Oct-2020 12:30
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Use this:- www.businesstimes.com.sg/companies-markets/rhb-overweight-on-singapore-property-sector CD may apprear mid Oct. ex Date for final dividend end Oct 2020 |
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lionelpoh
Member |
06-Oct-2020 11:14
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your link not working eh
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stanip
Veteran |
06-Oct-2020 10:30
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Business Times today: RHB ' overweight' on Singapore property sectorReal estate developers are trading at deep discounts to their book values and revalued net asset values
https://www.businesstimes.com.sg/companies-markets/rhb-overweight-on-singapore-property-sector |
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tangsookiam1947
Master |
05-Oct-2020 21:44
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SINGAPORE - Developers are now restricted from re-issuing options to purchase (OTPs) to the same buyer of the same unit within 12 months after the expiry of the earlier OTP, the Urban Redevelopment Authority (URA) said in a circular issued on Monday morning (Sept 28). They are also restricted from providing upfront agreements to buyers to re-issue OTPs, URA added. Both changes take effect immediately. This latest move by the URA is aimed at curbing a property market practice believed to be inflating private home sales figures, while encouraging financial prudence in home buying amid a weak economy and uncertain employment climate.
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tangsookiam1947
Master |
05-Oct-2020 21:42
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https://www.99.co/blog/singapore/uras-otp-reissue-ban-for-new-launch-condos-a-big-blow-to-upgraders/ Bad news for property counters ? |
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stanip
Veteran |
04-Oct-2020 14:29
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RHP new TP for Oxley: Maintain BUY with new TP of SGD0.27 from SGD0.29, 23% upside and c.6% yield. Management is focusing on completing its projects to ensure continuous cash flow. Its construction projects were disrupted by COVID19 and delayed by 4-6 months in Singapore, Ireland and Malaysia due to global lockdowns. It was also impacted by fair value revaluation losses due to lower asset prices. As such, we cut our RNAV to SGD0.54, resulting in the lower TP. Asset divestment to lower gearing. Oxley managed to divest Chevron House in FY20 (Jun), which generated an overall profit of SGD130m for the group despite being lower than initially expected due to COVID-19 affecting asset prices globally. The company also divested its 18.8% stake in Galliard Group to streamline its portfolio and divest non-core assets. Management repaid and reduced its FY20 debt obligations by SGD630m &ndash it will continue to lower gearing once it divests more assets and collect more cash from its progressive billings of its investment properties. Singapore property scene still stable. As at Aug 2020, about 3,109 units, representing 79.3% of the group&rsquo s total portfolio were sold and as at midAug 2020, Oxley has SGD3.4bn to be collected progressively. During the Circuit Breaker, the company used virtual showrooms to showcase the layout of the units to potential buyers. Management guided that it experienced pent-up demand for the residential units. From April to early August, it issued more than 280 options-to-purchase agreements to buyers, garnering sales of > SGD330m. Construction in Singapore has gradually resumed to full operations, and it can look to higher revenue and profit recognition in FY21F. Enjoying the fruits of labour for the next few years. Its Royal Wharf project, which is more than 98% sold, is expected to be fully completed and sold before end-2Q21. The residential blocks at Dublin Landings, which have been sold to Greystar, will be progressively completed by 3Q21.The Peak project in Cambodia (87% sold) has just achieved temporary occupation permit (TOP) for the retail component while the residential and office towers are targeted for completion during the same period. On completion of these projects, Oxley will finally be able to realise the fruits of its labour, aside from strengthening its balance sheet while still paying attractive dividends of 5.8% for FY21F. The group paid a total of 1.86 SG cents, which represents an attractive 8.5% yield for FY20. Key risks: Recession and a crash in property prices.
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pinkelephant
Member |
01-Oct-2020 22:46
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https://research.rhbtradesmart.com/view-file/hash/163263915057677875f726a3e7329c?NO_CACHE=724d3fbaf239bbf635079378549ef47e In short summary OXLEY Oxley (OHL SP) Maintain BUY with new TP of SGD0.27 from SGD0.29, 23% upside and c.6% yield. Management is focusing on completing its projects to ensure continuous cash flow. Its construction projects were disrupted by COVID19 and delayed by 4-6 months in Singapore, Ireland and Malaysia due to global lockdowns. It was also impacted by fair value revaluation losses due to lower asset prices. As such, we cut our RNAV to SGD0.54, resulting in the lower TP. | ||||
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