It is Keong Hong's turn to open its books and I remain cautiously optimistic on Keong Hong's business. Earnings:

Source: Keong Hong's Press Release

It is pleasing to note that revenue and profit margins have both improved on the back of revenue recognition from Maldives' resort constructions. However, it is a concern that administrative and finance costs have both increased rather drastically. Unfortunately, having reviewed that the administrative costs stem mainly from depreciation, professional fees and exchange rate losses, I personally think that these cannot be helped. Overall, I find that earnings remain within estimates for this quarter and am excited with the business outlook for the near term. Business Outlook: In terms of Property development, Skypark Residences obtained TOP on 10 August 2016, meaning that results from the development will be shared in this financial year. Over at the Hotel development side, Holiday Inn Express Singapore Katong and Hotel ......