In Singapore: Roxy-Pacific Holdings currently has seven development sites which will yield 702 homes.
It said it plans to launch one site for sale in 4Q2018, bringing the total for the year to 5, and another three in 1Q2019.
The table shows its landbank:
|
|
Location /
|
Proposed Residential Development |
Approx |
Approx Attributable Land Cost |
|
1 |
RV Altitude |
140 units |
28,793 |
S$110.0m |
|
2 |
Arena Residences |
98 units |
26,454 |
S$28.3m |
|
3 |
Dunearn 386 |
35 units |
19,203 |
S$36.3m |
|
4 |
Fyve Derbyshire |
71 units |
18,506 |
S$73.9m |
|
5 |
15, 17 & 19 Lorong Kismis |
186 units |
100,336 |
S$78.5m |
|
6 |
22 Farrer Road |
85 units |
39,130 |
S$39.5m |
|
7 |
27 Moulmein Rise |
87 units |
22,198 |
S$53.0m |
|
|
Total |
702 units |
254,620 |
S$419.5m |
Arena Residences: View of the Sports Hub and city skyline from the rooftop of Roxy-Pacific's project which will be launched tomorrow (2 Nov).
In Australia: Furthering its significant business Down Under, the Group has recently entered into an agreement to acquire a property in New South Wales, which comprises a mix of warehouse and office space. 
CEO Teo Hong Lim and CFO Koh Seng Geok. NextInsight file photos.This marks the Group’s first foray into Australian industrial investment, which the Group plans to develop light-industrial warehouses and self-storage units at the site on Mavis Street in Revesby.
Sold units in S'pore, Australia: As at 22 October 2018, based on units sold from ongoing development projects, the Group has total attributable pre-sale revenue of $593.0 million, the profits of which will be recognised from 4Q2018 to FY2021.
|
S$593 m pre-sale revenue yet to be recognised |
||||
|
|
Project name |
Type of development |
Units sold |
Balance attributable revenue (S$‘m) |
|
|
Singapore |
|||
|
1. |
Straits Mansions |
Residential |
100% |
$3.4 |
|
2. |
The Navian |
Residential |
88% |
$42.4 |
|
3. |
Harbour View Gardens |
Residential |
98% |
$72.2 |
|
4. |
120 Grange |
Residential |
77% |
$70.8 |
|
|
Malaysia |
|||
|
5. |
Wisma Infinitum- The Colony Wisma Infinitum- The Luxe |
Residential Residential |
69% 38% |
$35.5 $17.2 |
|
|
Australia |
|||
|
6. |
The Hensley, |
Residential |
95% |
$67.3 |
|
7. |
Octavia, Killara |
Residential |
98% |
$46.8 |
|
8. |
West End Glebe,Tower 1 (Foundry) |
Residential |
89% |
$142.1 |
|
|
Total $593.0 |
|||
|
Roxy Pacific |
|
|
Stock price: |
Adjusted net asset value: |
3Q18 results: Roxy-Pacific reported revenue of $18.8 million, 69% lower y-o-y. This was mainly due to lower revenue from the property development and property investment segments, partially offset by higher revenue from hotel ownership segment.
|
Stock price |
38 c |
|
52-week range |
38 – 54 c |
|
PE (ttm) |
22 |
|
Market cap |
S$496 m |
|
Shares outstanding |
1.31 b |
|
Dividend |
2.36% |
|
1-year return |
-27% |
|
Source: Bloomberg |
|
Gross profit margins of business segments in 3Q2018:
• Property development: 29% (3Q2017: 21%), excluding an adjustment for over-provision of project cost and annulled unit.
• Hotel ownership: 48% (3Q2017: 53%), mainly due to lower RevPar from Noku Osaka in 3Q2018 arising from the cancellation of room reservations due to a typhoon.
• Property investment: 77% (3Q2017: 70%) due to adjustment of 2017 cost on 59 Goulburn Street in 3Q2018.
Net profit attributable to shareholders rose 175% to $4.4 million.
This was aided by $2.8 million in "share of results of associates" (3Q2017: $603,000) arising mainly from a write-back of tax provision for an associate.
The 9M2018 net profit attributable to shareholders was lower at S$17.9 million (9M2017: S$22.4 million).
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