Ho Bee Land Limited is a property developer and investing company which has developments in various parts of Australia, China and United Kingdom.
The company has recently announced their Q3 FY18 results which brings about some of the key highlights:
1.) Rental Income has once again grown both year on year (up 28.3%) and quarter on quarter (up 26.1%) mainly due to the full quarterly contribution from Ropemaker Place (25 Ropemaker Street) which they acquired on 15 June 2018.
Extrapolating this to full year, this means that rental income contributes more than $200m to the company’s recurring income base. This translates to an earnings per share of about 28 cents before deducting the corresponding expenses.
Rental income continues to play a large role in Ho Bee business model going forward.
2.) Residential Sales in Singapore has remained lacklustre following the new cooling …