GSH Corporation Reports 10.5% Increase in Q2 Earnings of SGD 46.3 Million for FY2023
August 12, 2023
☀️Earnings Overview
GSH CORPORATION ($SGX:BDX) released its FY2023 Q2 earnings report on August 10 2023, revealing total revenue of SGD 46.3 million, up 10.5% from the same quarter in FY2022. Net income for the quarter totaled SGD -11.9 million, a drop of 3.7 million from the prior year.
Analysis
GoodWhale has conducted an analysis of GSH Corporation‘s financials and determined it to be a medium risk investment in terms of financial and business aspects based on its Risk Rating. On further inspection, GoodWhale has identified three risk warnings in the company’s income sheet, balance sheet, and cashflow statement. If you’re interested in uncovering the details behind these risk warnings, become a registered user to get full access to our detailed report. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gsh Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 90.48 | -26.86 | -29.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gsh Corporation. More…
| Operations | Investing | Financing |
| 0.07 | -39.01 | 8.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gsh Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 745.16 | 0.14 |
Key Ratios Snapshot
Some of the financial key ratios for Gsh Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -17.7% | 35.4% | -4.8% |
| FCF Margin | ROE | ROA |
| -37.9% | -0.9% | -0.2% |
Peers
The Company’s segments include Property Development and Investment, Hotel Operations, Property Management, and Corporate and Others. It operates in Singapore, China, Malaysia, and Hong Kong. The Company’s competitors include Berjaya Assets Bhd, Wang On Group Ltd, and Miramar Hotel & Investment Co Ltd.
– Berjaya Assets Bhd ($KLSE:3239)
Berjaya Assets Bhd is a Malaysia-based investment holding company. The Company, through its subsidiaries, is engaged in the provision of management services, as well as investment holding and property development. It has a market cap of 754.69M as of 2022 and a ROE of 0.2%. The company is engaged in the development of residential, commercial and industrial properties. It is also engaged in the operation of hotels, resorts, food and beverage outlets, as well as retail outlets.
– Wang On Group Ltd ($SEHK:01222)
Wang On Group is a food and beverage company. The company operates in two segments, Food and Beverage, and Property Development. The Food and Beverage segment offers processed food products, such as frozen dumplings and noodles, under the Wang On brand. The Property Development segment engages in the development of residential and commercial properties. Wang On Group was founded in 1996 and is headquartered in Hong Kong.
– Miramar Hotel & Investment Co Ltd ($SEHK:00071)
As of 2022, the market cap for Miramar Hotel & Investment Co Ltd is 7.67B. The company has a Return on Equity of 1.47%. The company operates in the hotel industry and is based in Hong Kong.
Summary
GSH CORPORATION released its Q2 2023 earnings report on August 10, revealing a 10.5% increase in total revenue to SGD 46.3 million. Despite this impressive growth, net income saw a decline of -3.7 million from the year prior, making the second quarter’s net income SGD -11.9 million. Investors may use this information to evaluate the company’s performance and determine whether GSH CORPORATION is a viable investment option. Moving forward, investors should continue to monitor the company’s revenue and profitability to gain an understanding of its financial health and make informed decisions.
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