Oxley Holdings

Oxley is up with the property stocks sector, look at bigcaps like CityDeve, etc. all already moving. Longer term, Oxley will be a stronger property play if it can reap synergies with International Healthway Corp. Let's see! Agree with MacGyver .... TP is $1.00. Now 55 cents is cheap.!

Consolidation period of about 4 weeks should be over soon. Time to rise beyond 60 cents towards RHB target price of 85 cents!

3Q profit and 4Q profit will be solid. Average about S$93 million net profit in each quarter.

I used RHB forecast of $325 million for full year FY2017, minus off the $139m already booked in 1Q and 2Q.

www.nextinsight.net/story-archive-mainme...ring-rising-cashflow

Property curbs relaxed by govt. Property counters are moving up, on hopes that property market in SG will recover. Don't forget Oxley was earning big time from SG developments. It will ride the uptrend. 60.5 cents now.

@ 3QFY17 results briefing:




Look out for our report later this week

Oxley has incorporated a new subsidiary, Queens Property. Looks like it will be participating in the massive Stirling Road GLS tender closing on 18 May. The winning bid is expected to cross S$900m!