2017 is a great year for property developers. A number of property developers on the SGX such as CDL, UOL, Wing Tai and even recently, Guocoland had a significant run up since the start of the year.

Far East Orchard had been in my radar for sometime and it’s a small pity that I missed entering at 1.4X range. However, after much analysis and earlier today, I’ve initiated a position in Far East Orchard of 800 shares at the price of $1.515

Far East Orchard is a property developer that has a real estate portfolio that can be split into 3 segments – hospitality and property and investment. With an outstanding shares at 422.6 million and price of 1.50, it has a market capitalization of 633.9 million.

Business structure of FEO 1. Property segment
FEO’s property segment consists of property investment whereby they hold the properties and leases them out for rental