Live News • Jun 27
Frasers Property to Sell Major Hotel Stakes in $1.1b Portfolio Overhaul Frasers Property plans to sell its 63% stake in five hotel properties across Singapore and Japan, with the hospitality assets valued at S$1.1 billion as part of a wider S$1.6 billion portfolio optimization that needs minority shareholder approval and is targeted for completion by end-September.
The disposal is expected to reshape Frasers Property’s balance sheet and marks a sizeable shift in its hospitality exposure, with proceeds likely to influence future capital allocation and debt management decisions.
Frasers Property shares last traded at S$1.09, with the stock up 13.0% over the past 90 days.
This portfolio action signals that Frasers Property is actively reworking its asset mix, which can have implications for income stability and leverage. The key risk to watch is execution: shareholder approval, deal timing and the eventual use of proceeds will drive how much this reshapes the company’s financial profile. Announcement • Apr 07
Frasers Property Limited to Report First Half, 2026 Results on May 08, 2026 Frasers Property Limited announced that they will report first half, 2026 results on May 08, 2026 Announcement • Mar 10
Frasers Property Ltd Announces Appointment of Tony Lombardo as Group Chief Operating Officer, Effective October 1, 2026 Frasers Property Ltd. announced the appointment of Tony Lombardo as its new group chief operating officer (COO), effective October 1, 2026. Lombardo is currently the group CEO and managing director of real estate company Lendlease; he will step down from these positions in August 2026. The incoming group COO has nearly 30 years of international experience across real estate development, investment management, capital markets, mergers and acquisitions, and corporate strategy. He has held senior leadership roles across Asia, Australia and the United States as well. In this new role, Lombardo, 52, will work closely with the group CEO Panote Sirivadhanabhakdi and other members of the executive leadership team to advance Frasers Property’s strategic priorities under the OneFrasers operating model. The leadership team will also work to strengthen capital execution discipline, enterprise integration and delivery across the group’s multinational portfolio. Lombardo will lead group investments and Frasers Property Capital, with a mandate to drive cross-portfolio optimisation, enterprise-wide synergies and disciplined capital deployment. Announcement • Jan 28
Frasers Property Limited Approves Final Tax-Exempt (One-Tier) Dividend for the Year Ended 30 September 2025 Frasers Property Limited at its AGEM held on 27 January 2026, approved a final tax-exempt (one-tier) dividend of 4.5 cents per share in respect of the year ended 30 September 2025. Upcoming Dividend • Jan 23
Upcoming dividend of S$0.045 per share Eligible shareholders must have bought the stock before 30 January 2026. Payment date: 11 February 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Singaporean dividend payers (5.3%). Higher than average of industry peers (2.8%). Announcement • Jan 22
Frasers Property Limited to Report Q1, 2026 Results on Feb 06, 2026 Frasers Property Limited announced that they will report Q1, 2026 results After-Market on Feb 06, 2026 Announcement • Dec 23
Frasers Property Limited, Annual General Meeting, Jan 27, 2026 Frasers Property Limited, Annual General Meeting, Jan 27, 2026, at 14:00 Singapore Standard Time. Location: grand ballroom, level 2, the luxury collection bugis singapore, (formerly known as intercontinental singapore), 80 middle road, singapore 188966, Singapore Price Target Changed • Dec 11
Price target increased by 14% to S$1.46 Up from S$1.28, the current price target is an average from 2 analysts. New target price is 31% above last closing price of S$1.11. Stock is up 21% over the past year. The company is forecast to post earnings per share of S$0.031 for next year compared to S$0.059 last year. Declared Dividend • Nov 16
Dividend of S$0.045 announced Shareholders will receive a dividend of S$0.045. Ex-date: 30th January 2026 Payment date: 11th February 2026 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 16% over the next 2 years. However, it would need to fall by 25% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 15
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: S$0.059 (up from S$0.042 in FY 2024). Revenue: S$3.40b (down 19% from FY 2024). Net income: S$243.1m (up 49% from FY 2024). Profit margin: 7.1% (up from 3.9% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Real Estate industry in Singapore. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Nov 15
Frasers Property Limited announces Annual dividend, payable on February 11, 2026 Frasers Property Limited announced Annual dividend of SGD 0.0450 per share payable on February 11, 2026, ex-date on January 30, 2026 and record date on February 02, 2026. Announcement • Oct 10
Frasers Property Limited to Report Fiscal Year 2025 Results on Nov 14, 2025 Frasers Property Limited announced that they will report fiscal year 2025 results Pre-Market on Nov 14, 2025 Announcement • Jul 24
Frasers Property Limited to Report Q3, 2025 Results on Aug 07, 2025 Frasers Property Limited announced that they will report Q3, 2025 results After-Market on Aug 07, 2025 New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Apr 07
Frasers Property Limited to Report First Half, 2025 Results on May 09, 2025 Frasers Property Limited announced that they will report first half, 2025 results on May 09, 2025 Announcement • Jan 23
Frasers Property Limited to Report Q1, 2025 Results on Feb 07, 2025 Frasers Property Limited announced that they will report Q1, 2025 results After-Market on Feb 07, 2025 Announcement • Jan 16
Frasers Property Limited Approves Final Tax-Exempt (One-Tier) Dividend for the Year Ended 30 September 2024 Frasers Property Limited announced that at the AGM held on 16 January 2025 approved a final tax-exempt (one-tier) dividend of 4.5 cents per share in respect of the year ended 30 September 2024. Upcoming Dividend • Jan 16
Upcoming dividend of S$0.045 per share Eligible shareholders must have bought the stock before 23 January 2025. Payment date: 14 February 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Lower than top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (4.1%). Reported Earnings • Dec 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: S$0.042 (up from S$0.031 in FY 2023). Revenue: S$4.21b (up 6.8% from FY 2023). Net income: S$163.2m (up 33% from FY 2023). Profit margin: 3.9% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Paying a dividend despite being loss-making. Large one-off items impacting financial results. Announcement • Nov 15
An undisclosed buyer acquired 49% stake in Riverside Property Pte. Ltd from Frasers Property Limited (SGX:TQ5) for approximately SGD 280 million. An undisclosed buyer acquired 49% stake in Riverside Property Pte. Ltd from Frasers Property Limited (SGX:TQ5) for approximately SGD 280 million on July 5, 2024. A cash consideration of SGD 279.78 million will be paid by the buyer. As part of consideration, SGD 279.78 million is paid towards common equity of Riverside Property Pte. Ltd.
An undisclosed buyer completed the acquisition of 49% stake in Riverside Property Pte. Ltd from Frasers Property Limited (SGX:TQ5) on July 5, 2024 Declared Dividend • Nov 15
Dividend of S$0.045 announced Shareholders will receive a dividend of S$0.045. Ex-date: 23rd January 2025 Payment date: 14th February 2025 Dividend yield will be 4.9%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: S$0.042 (up from S$0.031 in FY 2023). Revenue: S$4.21b (up 6.8% from FY 2023). Net income: S$206.3m (up 68% from FY 2023). Profit margin: 4.9% (up from 3.1% in FY 2023). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to decline by 16% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 14
Frasers Property Limited, Annual General Meeting, Jan 16, 2025 Frasers Property Limited, Annual General Meeting, Jan 16, 2025. Announcement • Oct 14
Frasers Property Limited to Report Fiscal Year 2024 Results on Nov 13, 2024 Frasers Property Limited announced that they will report fiscal year 2024 results Pre-Market on Nov 13, 2024 Announcement • Jul 24
Frasers Property Limited to Report Q3, 2024 Results on Aug 07, 2024 Frasers Property Limited announced that they will report Q3, 2024 results After-Market on Aug 07, 2024 Announcement • Apr 10
Frasers Property Limited to Report First Half, 2024 Results on May 10, 2024 Frasers Property Limited announced that they will report first half, 2024 results on May 10, 2024 Announcement • Mar 27
HSBC Institutional Trust Services (Singapore) Limited completed the acquisition of Fcl Emerald (1) Pte Ltd. from Frasers Property Limited (SGX:TQ5). HSBC Institutional Trust Services (Singapore) Limited entered into agreement to acquire Fcl Emerald (1) Pte Ltd. from Frasers Property Limited (SGX:TQ5) for SGD 8.2 million on January 25, 2024. The consideration consists of SGD 8.20 million in cash. The transaction is subject post-Completion adjustments. The transaction is subject to obtaining a confirmation from the Inland Revenue Authority of Singapore. HSBC Institutional Trust Services (Singapore) Limited completed the acquisition of Fcl Emerald (1) Pte Ltd. from Frasers Property Limited (SGX:TQ5) on March 26, 2024. Announcement • Feb 23
Frasers Property Limited Approves Final Tax-Exempt (One-Tier) Dividend for the Year Ended 30 September 2023, Payable on 16 February 2024 Frasers Property Limited at its AGM held on January 24, 2024 approved final tax-exempt (one-tier) dividend of 4.5 cents per share in respect of the year ended 30 September 2023. the final dividend would be paid on 16 February 2024. Upcoming Dividend • Jan 22
Upcoming dividend of S$0.045 per share at 4.8% yield Eligible shareholders must have bought the stock before 29 January 2024. Payment date: 16 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Lower than top quartile of Singaporean dividend payers (6.5%). Higher than average of industry peers (4.2%). Announcement • Jan 19
Frasers Property Limited to Report Q1, 2024 Results on Feb 02, 2024 Frasers Property Limited announced that they will report Q1, 2024 results After-Market on Feb 02, 2024 Announcement • Jan 15
Frasers Property Limited Announces Management Changes, Effective 1 February 2024 Frasers Property Limited announced key organisational changes, which will be effective 1 February 2024. The new organisational structure will see four key Group executive leadership roles reporting to the Group CEO. These roles will report to the Group CEO to drive the global strategic direction, as well as to enable synergies and governance across the Group. Mr. Anthony Boyd, Chief Executive Officer of Frasers Property Australia will be appointed to a newly created Group Chief Operating Officer role. In his new role, Mr. Boyd will work closely with the global executive leadership team to execute the Group strategy. He will directly oversee the following key strategic areas for the Group - Group Digital & Technology, Group Investments, Frasers Property Capital, Group Strategic Communications and Branding and Group Procurement and Supply Chain. Mr. Boyd will also support the Group CEO in aligning strategic programmes including building its asset class Centres of Excellence and driving operational synergies and efficiencies across the Group. He is currently based out of Sydney. Ms Zheng Wanshi will be appointed to an evolved and expanded role from Group Chief Strategy & Planning Officer to Group Chief Strategy & Sustainability Officer. Under the guidance of the Board, Ms Zheng will be working closely with Group functions and the business units to integrate risk management and sustainability with the overall Group strategy and to operationalise these across all areas of business. She will also oversee Group Legal & Corporate Secretariat and Group Data Protection functions as part of her broader focus on Group governance. Ms Vicki Ng will step up into the role of Group Chief People Officer. The business units' structure which clusters the businesses into core focus areas by geography and global asset class, will see six business unit leaders reporting directly to the Group CEO, instead of eight. Emerging Markets, Asia - Mr. Lim Hua Tiong, Chief Executive Officer for Frasers Property Vietnam and One Bangkok, will take on an expanded new role as Chief Executive Officer, Emerging Markets, Asia. In this role, Mr. Lim will be tasked to build upon and create synergies across Thailand, Vietnam and China as key emerging markets of opportunities and potential for Frasers Property. With One Bangkok, the largest holistically integrated district in the heart of Bangkok slated to open later this year, Mr. Lim will also review the strategy to create and leverage on synergies across the overall Thailand platform. He has been appointed to the Board of Frasers Property Thailand and will remain based out of Bangkok. The following business unit leaders remain in their roles, reporting directly to the Group CEO: Ms Soon Su Lin, Chief Executive Officer for Frasers Property Singapore, Ms Ilaria del Beato, Chief Executive Officer for Frasers Property United Kingdom, Mr. Reini Otter, Chief Executive Officer for Frasers Property Industrial, Ms Eu Chin Fen, Chief Executive Officer for Frasers Hospitality. Ms Lorraine Shiow, Chief Executive Officer, Frasers Property China, who has contributed over the last 11 years across several markets, will be leaving Frasers Property with effect from 1 March 2024 to pursue her personal interests. Announcement • Jan 12
Owners of Frasers Property Reportedly May Sell Part of Firm to Raise Capital The majority owners of Frasers Property Limited (SGX:TQ5) could put the company or some of its assets up for sale as part of a strategic review, The Wall Street Journal (WSJ) reported on Jan. 10, 2024. The review, which is in its initial stages, is part of shareholders' efforts to raise capital to help reduce the debt accumulated over the past few years as a result of acquisitions. That being said, there is no assurance of any outcome from the review, the report added, quoting people familiar with the matter. Shares of Frasers Property rose 3.5 cents, or 3.8%, to 95 cents on Jan. 11, 2024. Reported Earnings • Dec 24
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: S$0.031 (down from S$0.22 in FY 2022). Revenue: S$3.95b (up 1.8% from FY 2022). Net income: S$123.2m (down 86% from FY 2022). Profit margin: 3.1% (down from 23% in FY 2022). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is expected to decline by 7.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 1.0%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Dec 22
Frasers Property Limited, Annual General Meeting, Jan 24, 2024 Frasers Property Limited, Annual General Meeting, Jan 24, 2024, at 14:00 Singapore Standard Time. Location: Grand Ballroom, Level 2, InterContinental Singapore, 80 Middle Road, Singapore 188966 Singapore Singapore Agenda: To consider and receive and adopt the Directors' statement and audited financial statements for the year ended 30 September 2023 and the auditors' report thereon; to consider and approve a final tax-exempt (one-tier) dividend of 4.5 cents per share in respect of the year ended 30 September 2023; to consider and re-appoint KPMG LLP as the auditors of the Company and to authorise the Directors to fix their remuneration; and to transact such other business matters. Major Estimate Revision • Nov 17
Consensus revenue estimates decrease by 18%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from S$4.09b to S$3.34b. EPS estimate increased from S$0.081 to S$0.09 per share. Net income forecast to grow 103% next year vs 15% growth forecast for Real Estate industry in Singapore. Consensus price target down from S$1.29 to S$1.22. Share price rose 7.2% to S$0.82 over the past week. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Nov 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: S$0.031 (down from S$0.22 in FY 2022). Revenue: S$3.95b (up 1.8% from FY 2022). Net income: S$173.1m (down 80% from FY 2022). Profit margin: 4.4% (down from 23% in FY 2022). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Real Estate industry in Singapore. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Oct 13
Frasers Property Limited Provides Earnings Guidance for the Year Ended 30 September 2023 Frasers Property Limited provided earnings guidance for the year ended 30 September 2023. The Group expects to report a significant decrease in attributable profit for financial year 2023 as compared to the previous financial year. Nevertheless, the Group's overall business performance and core operating earnings have not been significantly impacted as compared to the previous financial year, and the Group expects to remain profitable for financial year 2023. Announcement • Oct 11
Frasers Property Limited to Report Fiscal Year 2023 Results on Nov 10, 2023 Frasers Property Limited announced that they will report fiscal year 2023 results After-Market on Nov 10, 2023 Announcement • Aug 30
Frasers Property Limited Announces Executive Changes Frasers Property Limited announced that with effect from 30 August 2023: Mr. Charoen Sirivadhanabhakdi will be retiring as Chairman and member of the Board Executive Committee ("Exco") of the Company; Mr. Thapana Sirivadhanabhakdi will be appointed as Chairman of the Exco following the retirement of Mr. Charoen Sirivadhanabhakdi; and Mr. Rodney Vaughan Fehring will be co-opted as a member of the Exco. Following the above changes, the composition of the Exco will be as follows with effect from 30 August 2023: Board Executive Committee Mr. Thapana Sirivadhanabhakdi (Chairman, Non-Executive and Non-Independent Director), Mr. Pramoad Phornprapha (Non-Executive and Independent Director), Mr. Wee Joo Yeow (Non-Executive and Independent Director), Mr. Panote Sirivadhanabhakdi (Group Chief Executive Officer, Executive and Non-Independent Director), Mr. Sithichai Chaikriangkrai (Non-Executive and Non-Independent Director) and Mr. Rodney Vaughan Fehring (Co-opted Member). Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director David Wong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 25
Frasers Property Limited to Report Q3, 2023 Results on Aug 08, 2023 Frasers Property Limited announced that they will report Q3, 2023 results at 5:00 PM, Singapore Standard Time on Aug 08, 2023 Buying Opportunity • Jul 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be S$1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to decline by 19% in 2 years. Earnings is forecast to decline by 71% in the next 2 years. Announcement • Jul 04
Frasers Property Limited Announces Changes in Composition of Board, Audit Committee, and Sustainability and Risk Management Committee Frasers Property Limited announced further to the announcement dated 3 July 2023 on the appointment of Dr David Wong See Hong as a Non-Executive and Independent Director of the Company, a member of the Audit Committee ("AC") of the Company and a member of the Sustainability and Risk Management Committee ("SRMC") of the Company with effect from 5 July 2023, the composition of each of the Board of Directors, the AC and the SRMC will be as follows with effect from 5 July 2023. Board of Directors: Mr. Charoen Sirivadhanabhakdi (Chairman, Non-Executive and Non-Independent Director), Mr. Chin Yoke Choong (Non-Executive and Lead Independent Director), Mr. Pramoad Phornprapha (Non-Executive and Independent Director), Mrs. Siripen Sitasuwan (Non-Executive and Independent Director), Mr. Tan Pheng Hock (Non-Executive and Independent Director), Mr. Wee Joo Yeow (Non-Executive and Independent Director), Dr David Wong See Hong (Non-Executive and Independent Director), Mr. Panote Sirivadhanabkhakdi (Group Chief Executive Officer, Executive and Non-Independent Director), Mr. Thapana Sirivadhanabhakdi (Non-Executive and Non-Independent Director), and Mr. Sithichai Chaikriangkrai (Non-Executive and Non-Independent Director). Audit Committee: Mr. Chin Yoke Choong (Chairman, Non-Executive and Lead Independent Director), Mrs. Siripen Sitasuwan (Non-Executive and Independent Director), Mr. Wee Joo Yeow (Non-Executive and Independent Director), Dr David Wong See Hong (Non-Executive and Independent Director), and Mr. Sithichai Chaikriangkrai (Non-Executive and Non-Independent Director). Sustainability and Risk Management Committee: Mr. Pramoad Phornprapha (Chairman, Non-Executive and Independent Director), Mr. Tan Pheng Hock (Non-Executive and Independent Director), Mr. Wee Joo Yeow (Non-Executive and Independent Director), Dr David Wong See Hong (Non-Executive and Independent Director), Mr. Panote Sirivadhanabkhakdi (Group Chief Executive Officer, Executive and Non-Independent Director), and Mr. Sithichai Chaikriangkrai (Non-Executive and Non-Independent Director). Reported Earnings • May 11
First half 2023 earnings released First half 2023 results: Revenue: S$1.95b (up 16% from 1H 2022). Net income: S$225.8m (up 74% from 1H 2022). Profit margin: 12% (up from 7.7% in 1H 2022). Revenue is expected to decline by 9.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 2.9%. Announcement • Jan 27
Frasers Property Limited to Report Q1, 2023 Results on Feb 08, 2023 Frasers Property Limited announced that they will report Q1, 2023 results at 5:00 PM, Singapore Standard Time on Feb 08, 2023 Announcement • Jan 20
Frasers Property Limited Approves Final Tax- Exempt (One-Tier) Dividend for the Year Ended 30 September 2022 Frasers Property Limited at its Annual General Meeting held on January 18, 2023, approved final tax- exempt (one-tier) dividend of 3.0 cents per share in respect of the year ended 30 September 2022. Upcoming Dividend • Jan 18
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 25 January 2023. Payment date: 10 February 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Singaporean dividend payers (6.3%). In line with average of industry peers (3.4%). Reported Earnings • Dec 26
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.22. Revenue: S$3.88b (up 3.0% from FY 2021). Net income: S$871.4m (up 12% from FY 2021). Profit margin: 23% (up from 21% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 3.1%. Announcement • Dec 23
Frasers Property Limited, Annual General Meeting, Jan 18, 2023 Frasers Property Limited, Annual General Meeting, Jan 18, 2023, at 14:00 Singapore Standard Time. Location: Grand Ballroom, Level 2, InterContinental Singapore, 80 Middle Roads Singagpore Singapore Agenda: To receive and adopt the Directors' statement and audited financial statements for the year ended 30 September 2022 and the auditors' report thereon; to approve a final tax-exempt (one-tier) dividend of 3.0 cents per share in respect of the year ended 30 September 2022; to pass the following resolutions on the recommendation of the Nominating Committee and endorsement of the Board of Directors in respect of appointment of Directors; to approve Directors' fees of up to $2,500,000 payable by the Company for the year ending 30 September 2023 (last year: up to $2,500,000). To re-appoint KPMG LLP as the auditors of the Company and to authorise the Directors to fix their remuneration. Major Estimate Revision • Nov 18
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from S$4.04b to S$3.28b. EPS estimate increased from S$0.10 to S$0.14 per share. Net income forecast to shrink 54% next year vs 30% decline forecast for Real Estate industry in Singapore. Consensus price target down from S$1.27 to S$1.18. Share price rose 6.2% to S$0.94 over the past week. Reported Earnings • Nov 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.22. Revenue: S$3.88b (up 3.0% from FY 2021). Net income: S$871.4m (up 12% from FY 2021). Profit margin: 23% (up from 21% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to grow by 3.5%. Price Target Changed • Aug 05
Price target decreased to S$1.27 Down from S$1.38, the current price target is an average from 4 analysts. New target price is 22% above last closing price of S$1.04. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of S$0.064 for next year compared to S$0.23 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. Non-Executive & Independent Director Pheng Hock Tan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 19
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 26 January 2022. Payment date: 14 February 2022. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Singaporean dividend payers (5.5%). Lower than average of industry peers (3.2%). Reported Earnings • Dec 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: S$0.23 (up from S$0.038 in FY 2020). Revenue: S$3.76b (up 4.6% from FY 2020). Net income: S$775.1m (up S$663.5m from FY 2020). Profit margin: 21% (up from 3.1% in FY 2020). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 307%. Earnings per share (EPS) surpassed analyst estimates by 307%. Over the next year, revenue is expected to shrink by 1.3% compared to a 9.9% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$3.76b (up 4.6% from FY 2020). Net income: S$833.1m (up S$721.4m from FY 2020). Profit margin: 22% (up from 3.1% in FY 2020). Executive Departure • Oct 12
Chief Executive Officer of Frasers Hospitality Teck Chuan Koh has left the company On the 1st of October, Teck Chuan Koh's tenure as Chief Executive Officer of Frasers Hospitality ended after 2.6 years in the role. As of June 2021, Teck Chuan still personally held only 36.07k shares (S$41k worth at the time). Teck Chuan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.83 years. Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from S$2.99b to S$3.33b. EPS estimate fell from S$0.088 to S$0.081. Net income forecast to grow 58% next year vs 32% growth forecast for Real Estate industry in Singapore. Consensus price target down from S$1.33 to S$1.29. Share price was steady at S$1.19 over the past week.