Last $1.72 SGD
Change Today +0.035 / 2.08%
Volume 5.0K
FEOR On Other Exchanges
Symbol
Exchange
Berlin
As of 11:22 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

far east orchard ltd (FEOR) Snapshot

Open
$1.72
Previous Close
$1.69
Day High
$1.72
Day Low
$1.72
52 Week High
05/28/14 - $1.98
52 Week Low
03/21/14 - $1.52
Market Cap
689.0M
Average Volume 10 Days
30.8K
EPS TTM
$0.10
Shares Outstanding
400.6M
EX-Date
05/14/14
P/E TM
18.1x
Dividend
$0.06
Dividend Yield
3.49%
Current Stock Chart for FAR EAST ORCHARD LTD (FEOR)

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far east orchard ltd (FEOR) Details

Far East Orchard Limited, through its subsidiaries, is engaged in the development of residential, commercial, and hospitality properties. It has a diversified portfolio focusing on property development, hospitality real estate development and management, and healthcare real estate. The company has three residential and commercial projects under development in Singapore, icnluding euHabitat, SBF Center, and RiverTrees Residences, as well as a hospitality property undergoing redevelopment in Malaysia. It also operates as a vertically integrated regional hospitality owner and operator with a global portfolio of approximately 80 properties with 13,000 rooms. In addition, Far East Orchard Limited owns a portfolio of purpose-built medical suites in Novena Medical Center and Novena Specialist Center, which are located in Novena medical hub, Singapore. The company was formerly known as Orchard Parade Holdings Limited and changed its name to Far East Orchard Limited in July 2012. Far East Orchard Limited was incorporated in 1967 and is based in Singapore. Far East Orchard Limited operates as a subsidiary of Far East Organization Centre Pte. Ltd.

Founded in 1967

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far east orchard ltd (FEOR) Key Developments

Far East Orchard Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Full Year 2014

Far East Orchard Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales was SGD 94,759,000 against SGD 31,249,000 a year ago. Profit before income tax was SGD 5,268,000 against SGD 2,942,000 a year ago. Net profit attributable to equity holders of the company was SGD 4,359,000 against SGD 5,290,000 a year ago. Net cash provided by operating activities was SDG 28,210,000 against SGD 11,052,000 a year ago. Additions to property, plant and equipment was SGD 3,174,000 against SGD 2,704,000 a year ago. Diluted earnings per share were 1.09 cents against 1.36 cents a year ago. Operating activities for the third quarter 2014 generated a net cash inflow of SGD 28.2 million as compared to a net inflow of SGD 11.1 million in the corresponding period in 2013. This was mainly due to the receipts of proceeds from sales of the medical suites and advances from non-controlling interest. For the nine months, the company reported sales was SGD 238,092,000 against SGD 97,428,000 a year ago. Profit before income tax was SGD 29,847,000 against SGD 6,877,000 a year ago. Net profit attributable to equity holders of the company was SGD 21,773,000 against SGD 14,046,000 a year ago. Diluted earnings per share were 5.53 cents against 3.65 cents a year ago. Net cash provided by operating activities was SDG 33,723,000 against SGD 3,700,000 a year ago. Additions to property, plant and equipment was SGD 9,371,000 against SGD 6,936,000 a year ago. For the full year 2014, the results are in line with comments previously disclosed to shareholders.

Far East Orchard Limited Announces Incorporation of a Wholly Owned Subsidiary in Australia, Far East Orchard Sydney 1 Pty Ltd

The Board of Directors of Far East Orchard Limited(The Group) announced that it has, on October 24, 2014, incorporated a wholly owned subsidiary in Australia, Far East Orchard Sydney 1 Pty Ltd. (FEOR Sydney 1). The Group has, through FEOR Sydney 1, entered into a subscription agreement with Toga Pty Ltd. (Toga) and Toga Developments Sydney Pty Limited (Toga Developments Sydney) dated October 29, 2014 to subscribe for shares representing 50% of the enlarged issued share capital of Toga Developments Sydney following the subscription, for the purpose of pursuing a joint venture property development project in Sydney, Australia (the JV Project). For the purpose of the JV Project, the company has incorporated the wholly owned subsidiary known as FEOR Sydney. Place of incorporation is Victoria, Australia. Issued and paid-up share capital was AUD 2.00 comprising two shares of AUD 1.00 each. The Incorporation was funded by the company's internal resources.

Far East Orchard Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Far East Orchard Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's sales were SGD 67,289,000 compared to SGD 46,983,000 a year ago. Profit before income tax was SGD 8,126,000 compared to SGD 2,257,000 a year ago. Net profit attributable to equity holders of the company was SGD 5,541,000 or 1.42 cents per fully diluted share compared to SGD 7,298,000 or 1.91 cents per fully diluted share a year ago. Net cash provided by operating activities was SGD 4,682,000 compared to net cash used in operating activities of SGD 725,000 a year ago. Additions to property, plant and equipment was SGD 4,196,000 compared to SGD 2,867,000 a year ago. The decrease in net profit was mainly due to the recognition of deferred tax assets in second quarter of 2013, offset by the contribution from the newly acquired hospitality businesses in second quarter 2014. The net cash inflow from operating activities was mainly due to the increase in profit before tax for second quarter 2014. For the six months, the company's sales were SGD 143,333,000 compared to SGD 66,179,000 a year ago. Profit before income tax was SGD 24,579,000 compared to SGD 3,935,000 a year ago. Net profit attributable to equity holders of the company was SGD 17,414,000 or 4.47 cents per fully diluted share compared to SGD 8,756,000 or 2.29 cents per fully diluted share a year ago. Net cash provided by operating activities was SGD 5,513,000 compared to net cash used in operating activities of SGD 7,351,000 a year ago. Additions to property, plant and equipment was SGD 6,197,000 compared to SGD 4,232,000 a year ago. Net asset value (NAV) per ordinary share based on total number of issued shares excluding treasury shares as at June 30, 2014 was SGD 2.94.

 

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FEOR

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Valuation FEOR Industry Range
Price/Earnings 17.5x
Price/Sales 2.2x
Price/Book 0.6x
Price/Cash Flow 17.8x
TEV/Sales 1.5x
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