Shares & Derivatives
Ho Bee Land – FY17 Results & Review
By A Path to Forever Financial Freedom (3Fs)  •  February 28, 2018
Ho Bee has just released their full year results for FY17 which I'd do a quick review on. Full year net profit for FY17 came in at $249.3m, which is about 15% year on year increase. This was broken down into operating profits of $72m, share of Shanghai JV associates profits of $99.3m and a fair value gain of $78.1m. Rental income came in stronger this year at $147.4m, which is a slight growth from the previous year. Q4 rental income came in stronger at $37.7m, due to purchase of Lombard street during the financial year. If we annualize this, rental income would come in at about $150m per year. I think we'll see a stronger rental income play in 2018 as the company continutes to gear up acquisition opportunities in the UK. There were rumors about 70 Mark Lane which they are bidding. If ......
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By A Path to Forever Financial Freedom (3Fs)
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