Ho Bee Land real estate Chart Support and Resistance

Ho Bee Land (founded in 1987) is a real estate development and investment company which focuses on residential and commercial projects in Singapore, Australia, China, and the United Kingdom.

28 Mar 2017

S 2.24, R2.38 (See will get a 3x Top and break out)
Ex-Date 15May17, 0.06

Oct 2016
3Q Revenue 44.4% increase in revenue to $47 million, due mainly to sales recognition of two residential projects in Melbourne and Gold Coast, Australia.
3Q Profit 31.8% increase to $26.7 million from a year ago.
Share of profits from associates swung back to profitability at $4.6 million compared to a loss of $900,000 year ago, mainly from joint venture projects in Zhuhai and Shanghai, China.


Jan 2017
33.1% decline in 4Q16 earnings to $129.5 million from $191.7 million a year ago.

The group's decline in profit for the quarter was mainly due to lower gain in fair value of investment properties, amounting to $104.1 million compared to $186.4 million in the preceding year.

This was partially offset by the group's turnover for the quarter, which amounted to $42.5 million, an increase of 19% over the corresponding period last year, mainly attributable to the sales recognition of two residential development projects in Melbourne and Gold Coast, Australia.

For the full year, earnings fell 11% to $216.8 million from $242.2 million in FY15, bringing earnings per share for the year under review to 32.5 cents compared to 36.3 cents in the preceding year.