Hong Fok Corporation Limited
H30.SI : Singapore Exchange
0.805
0.00%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
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Key stats
- 52-Week HighSGD 0.995
- 52-Week LowSGD 0.800
- Market CapSGD 660M
- Avg Volume257K
- P/E Ratio (TTM)5.75
- Forward Dividend Yield1.2%
Share Price Performance
| H30.SI | Market
| |
|---|---|---|
| 1 Day | 0.00% | 0.24% |
| 5 Day | -0.62% | -0.31% |
| 1 Month | -2.42% | 2.49% |
| 6 Month | -5.29% | 9.02% |
| YTD | -10.56% | 6.08% |
| 1 Year | -11.05% | 6.50% |
| 5 Year | -1.23% | 9.82% |
Market Analysis
Analyst Ratings
There is no analyst rating data currently available for Hong Fok Corporation Limited.
Valuation
Price to earnings (P/E) ratio
∞
5.3
Hong Fok Corporation Limited's current P/E ratio of ∞x is higher than its historical average P/E ratio of 5.3x.
Price to book (P/B) ratio
0.3
0.3
Hong Fok Corporation Limited's current P/B ratio of 0.3x is inline with its historical average P/B ratio of 0.3x.
Earnings
Earnings Highlights
Full Year FY2023 Results Summary
Revenue: SGD 110.60M
Decreased 28% Year-on-Year
The decrease in revenue of approximately $43.3 million was mainly due to decrease in sales of the residential units in Concourse Skyline but this was marginally cushioned by increases in rental income of its properties mainly from the hotel, YOTEL Singapore Orchard Road and property management income.
Net Profit: SGD 88M
Decreased 60% Year-on-Year
The decrease in net profit was mainly due to lower gain on revaluation of investment properties and lower sales of residential units in Concourse Skyline, partially offset by higher rental income and property management income.
Return on Equity (ROE): 4%
Decreased 62% Year-on-Year
Dividend Per Share: SGD 0.01
The first and final tax exempt (one-tier) dividend of 1.0 cent per share is the same as the previous year.
Debt to Equity Ratio: 25%
Decreased 1% Year-on-Year
Outlook
The Group is optimistic on the room rates and occupancy rate of its hotel, YOTEL with the expected continued recovery in air travel and tourism demand. The leasing demand for office and retail units is generally healthy and hence the occupancy rates of the Group's other investment properties are expected to remain stable. The higher Additional Buyer's Stamp Duty rates on residential properties in Singapore that was introduced last year will continue to deter foreign buyers and investors. The current residential market is likely to continue to remain moderately weak with buying momentum driven by mainly local buyers. The Group is expected to continue to recognise revenue from the sales of its residential units in Concourse Skyline. The possibility of interest rate cuts expected during 2024 may improve the performance of the Group's properties but this may be dampened by higher operating costs such as energy costs, property taxes, commission expenses, maintenance expenses, etc.
Sources: Hong Fok Corporation Limited Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.14, which is lower than the earnings per share of $0.34 in 2022.
Financials
Financial Statements
| 29 Feb 2024 | For period ending 31 Dec 2023 |
| 14 Aug 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 05 Apr 2024 | For period ending 31 Dec 2023 |