H13 Intrinsic Value Calculator – Ho Bee Land Disposes of Industrial Assets in 2023, Unrelated to SGX Regco Query on Debt Load.
March 29, 2023
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Ho Bee Land ($SGX:H13) recently announced that it plans to dispose of industrial assets in 2023, unrelated to SGX Regco’s query on debt load. The assets included in the sale are part of the group’s “ordinary course of business” and include the building facade of HB Centres 1 and 2. The group has also clarified that they are committed to liquidating the assets during the next financial year and are working with experts to ensure a smooth process. The sale of these assets will enable the group to reduce their debt load, allowing them to focus on their core commercial activities.
This move is expected to help Ho Bee Land improve its financial position and increase its cash flow. The proceeds from the sale will be used for reinvestments and other general corporate purposes. It is also expected to improve their financial position, enabling them to reinvest the proceeds from the sale into other general corporate purposes.
Stock Price
The media coverage of this announcement has been mostly negative, reflected in Ho Bee Land’s share prices. On Wednesday, the company’s stock opened at SG$2.2 and closed at the same price, 1.8% lower than its prior closing price of SG$2.3. This marks the first time that the stock has seen a significant drop since the announcement was made. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for H13. More…
| Total Revenues | Net Income | Net Margin |
| 368.68 | 374.88 | 95.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for H13. More…
| Operations | Investing | Financing |
| -172.89 | -916.7 | 1.13k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for H13. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.83k | 3.85k | 5.97 |
Key Ratios Snapshot
Some of the financial key ratios for H13 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.7% | 10.0% | 113.9% |
| FCF Margin | ROE | ROA |
| -49.1% | 6.7% | 3.4% |
Analysis – H13 Intrinsic Value Calculator
At GoodWhale we have undertaken an in-depth analysis of the financials of HO BEE LAND. Our proprietary Valuation Line has determined that the intrinsic value of HO BEE LAND share is around SG$3.1. However, the current trading price of HO BEE LAND stock is only SG$2.2, which is a 28.9% discount to its intrinsic value. This suggests that the stock is currently undervalued and provides an attractive investment opportunity. More…
Peers
It has a wide portfolio of properties across various countries, and its competitors include Sino-Ocean Group Holding Ltd, Beijing Capital Grand Ltd, and Cardiff Property (The) PLC. Each of these companies has a distinct portfolio of properties and services that they offer, making them formidable competitors in the real estate market.
– Sino-Ocean Group Holding Ltd ($SEHK:03377)
Sino-Ocean Group Holding Ltd is a leading real estate development company based in China. The company has grown rapidly since its inception and is now one of the largest real estate developers in the region. Its market cap of 7.46B as of 2023 demonstrates the success the company has had in its operations and investments. The company also boasts a strong Return on Equity (ROE) of 11.85%, reflecting the efficiency and effectiveness of its investments and operations. The company specializes in residential, commercial and industrial real estate development, as well as property leasing and management.
– Beijing Capital Grand Ltd ($SEHK:01329)
Beijing Capital Grand Ltd is a China-based company that provides financial services, including investment banking and asset management. The company has a market capitalization of 1.61 billion US dollars as of 2023, which demonstrates its strong presence in the financial industry. Additionally, Beijing Capital Grand Ltd has a Return on Equity (ROE) of 4.06%, indicating the company’s ability to generate income relative to its shareholders’ equity. This financial performance demonstrates the company’s strength and its potential to generate profits in the long term.
– Cardiff Property (The) PLC ($LSE:CDFF)
The Cardiff Property PLC is a UK-based real estate company that operates throughout Europe. The company owns and manages a range of residential and commercial properties, making it a major player in the real estate sector. As of 2023, Cardiff Property PLC has a market cap of 25.42M and a Return on Equity of 5.74%. This indicates the company’s strong financial performance, as its value has grown significantly over the past few years. The company’s high ROE demonstrates its ability to generate profits from its investments and activities. This positive outlook is further supported by the company’s diversified portfolio, which has allowed it to weather market downturns and remain profitable.
Summary
Investing in Ho Bee Land is a high-risk endeavor due to the company’s high debt load and the fact that they plan to dispose of their industrial assets in 2023. To date, media coverage of the company has generally been negative, making it difficult to make a confident investment decision. Investors should thoroughly research the company’s financials and current performance as well as its plans for the future.
It is also important to ensure that there is no conflict or lack of clarity between the company’s objectives and those of SGX Regco. Ultimately, investors should assess the risks and rewards associated with Ho Bee Land before deciding whether or not to invest.
