HO BEE LAND Reports 12.8% Decrease in Total Revenue for Second Fiscal Quarter of 2023

August 23, 2023

🌥️Earnings Overview

By the end of HO BEE LAND ($SGX:H13)’s second fiscal quarter of 2023 (June 30), the company reported total revenue of SGD 155.5 million, a 12.8% drop from the same period in 2022. Net income went from SGD 149.9 million in 2022 to SGD -155.7 million for the same period in 2023.

Analysis

GoodWhale has conducted an analysis of HO BEE LAND’s fundamentals, where our Star Chart shows that HO BEE LAND is strong in dividend, and medium in asset, growth, and profitability. This implies that HO BEE LAND is classified as a ‘cheetah’ type of company, one which achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the company’s characteristics, what type of investors may be interested? According to our analysis, HO BEE LAND has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy. This makes HO BEE LAND well-suited to investors who seek higher returns but are willing to take on a slightly higher risk profile. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for H13. More…

    Total Revenues Net Income Net Margin
    412.82 -139.76 -38.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for H13. More…

    Operations Investing Financing
    289.65 416.85 -504.89
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
    7.4k 3.64k 5.64
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for H13 are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    24.3% 15.6% 8.5%
    FCF Margin ROE ROA
    56.8% 0.6% 0.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • 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‚Äôs 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

    HO BEE LAND has recently reported its second fiscal quarter result for 2023, with total revenue decreasing by 12.8% to SGD 155.5 million and net income dropping to SGD -155.7 million. This represents a significant reduction in profits compared to the same period in the previous year, which saw a total revenue of SGD 149.9 million. Investors should take note of this report and be wary when considering investing in HO BEE LAND, as the company is currently in a state of decline. Additionally, further analysis should be done to understand the causes behind the reduced revenue and net income.

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