Singapore's Ho Bee Land HY revenue rises 30%

Ho Bee Land

07/08/2026 11:38

Overview
Singapore real estate developer's half-year revenue rose 30% yr/yr
Net income for half-year increased 5% yr/yr
Pretax profit for half-year grew 21% yr/yr

Outlook
Company did not provide specific guidance or outlook for future periods in press release

Result Drivers
REVENUE GROWTH - Revenue rose 30% yr/yr, driven by higher contributions from residential development projects
LOWER RENTAL EXPENSES - Direct rental expenses fell 40% yr/yr, supporting profitability

Company press release: ID:nSNzgCYv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$230.46 mln
 
H1 Profit after tax
 
S$52.92 mln
 
H1 Pretax Profit
 
S$73.24 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Ho Bee Land Ltd is S$2.82, about 38.2% above its August 7 closing price of S$2.04
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 6 - Singapore's Tuan Sing Holdings H1 net profit drops on weaker investments and hospitality
Aug 6 - Singapore's Far East Orchard HY revenue more than doubles
Aug 7 - Singapore's Heeton Holdings half-year revenue rises, loss narrows

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)