Singapore Land Assets Blacklisted by ESG at Van Lanschot Kempen NV After Failure to Meet Updated Criteria

🌧️Trending News

Van Lanschot Kempen NV, a Dutch private bank, recently blacklisted Singaporean state-funded assets after failing to meet their updated environmental, social and corporate governance (ESG) criteria. This decision affects the Singapore Land ($SGX:U06) (SL) company, which is publicly traded in the Singapore Stock Exchange. The Singapore Land company is a major real estate developer that contributes greatly to Singapore’s economy and is a leader in the construction industry. SL mainly focuses on building residential properties as well as developing leisure-related complexes. Despite its recent blacklisting, Singapore Land remains a valuable asset for the country and its citizens. SL has also taken steps to create sustainable developments that are in line with ESG regulations.

Their projects focus on sustainability by improving energy efficiency, reducing their carbon footprint and utilizing renewable energy sources. SL is also committed to providing its customers with quality products and services while taking into consideration the environment and local communities. Investors must take care to ensure their investments are in line with these criteria in order to minimize potential risk. Singapore Land is taking necessary steps to meet these requirements and is dedicated to providing its customers with quality properties that are built sustainably.

Market Price

On Friday, SINGAPORE LAND opened at SG$2.1 and closed at SG$2.1. This decision comes as Van Lanschot Kempen NV ramps up its focus on ESG considerations in its investments, in order to align with global best practices. The decision of Van Lanschot Kempen NV to blacklist SINGAPORE LAND stock is expected to have a negative effect on the stock’s performance in the short-term, as the company’s stock will no longer be eligible for investment from large institutional investors. It also serves as a warning to other companies in the area that they must adhere to ESG criteria or risk being de-listed as well. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Singapore Land. More…

Key Ratios Snapshot

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

Analysis

As GoodWhale, we’ve conducted fundamental analysis on SINGAPORE LAND to provide our clients with an assessment of the company. Our Star Chart analysis shows that SINGAPORE LAND is strong in dividend, medium in asset, profitability and weak in growth. Furthermore, the company has a high health score of 10/10, which means it is capable to sustain future operations even in times of crisis. We can thus classify SINGAPORE LAND as a ‘cow’, a type of company that has the track record of providing consistent and sustainable dividends. Investors who are looking for a steady income and are not seeking short-term capital gains may be interested in investing in SINGAPORE LAND. These investors should appreciate the company’s strong dividend record, and its ability to provide stable returns even in times of difficulties. More…

Peers

Some of its competitors include GuocoLand Ltd (SGX: F17), Farlim Group Malaysia Bhd, and First Sponsor Group Ltd (SGX: F16).

– GuocoLand Ltd ($SGX:F17)

GuocoLand is a Singapore-based property developers and investors. The company is engaged in the development of residential, office, retail, hospitality and industrial properties, as well as investment holding. As of December 31, 2020, GuocoLand’s portfolio comprises of investment properties and development projects located in Singapore, China, Malaysia and Vietnam.

GuocoLand’s market cap as of 2022 is 1.86B. The company has a return on equity of 8.49%. GuocoLand is a property developer and investor with a focus on developing residential, office, retail, hospitality and industrial properties. The company has a strong presence in Singapore, China, Malaysia and Vietnam.

– Farlim Group Malaysia Bhd ($KLSE:6041)

Farlim Group Malaysia Berhad is an investment holding company. Through its subsidiaries, the Company operates as a property developer, a shopping mall management company, and a provider of food and beverage services. The Company’s segments include Property development, Property investment, Shopping mall management, Food and beverage, and Others.

– First Sponsor Group Ltd ($SGX:ADN)

Sponsor Group Ltd is a holding company that operates through its subsidiaries. The company focuses on investments in the internet and mobile sectors. As of 2022, the company has a market cap of 1.15B and a ROE of 8.35%. The company’s subsidiaries include Sponsor Investment Group, a venture capital firm, and Sponsor Pay, a mobile payments company.

Summary

Singapore Land is a state-backed asset that has recently been put on an Environmental, Social and Governance (ESG) blacklist at Van Lanschot Kempen NV due to their failure to pass an updated review. As such, potential investors should exercise caution when evaluating this asset for investment opportunities. Singapore’s status as one of the wealthiest countries per capita in Asia could, however, mean that it is a lucrative opportunity for those who can properly assess the risk involved.

Due diligence should include an analysis of the asset’s environmental impact, social sustainability, and governance structure prior to investing. Investors should also consider the current economic climate and any changes that may occur in the region in order to properly assess the level of risk associated with this investment.