Board Change • Jun 01
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. 4 highly experienced directors. Non-Executive Independent Director Nick Loup was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 01
Upcoming dividend of S$0.04 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 22 May 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Singaporean dividend payers (5.0%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 19
Full year 2025 earnings released: S$0.10 loss per share (vs S$0.039 profit in FY 2024) Full year 2025 results: S$0.10 loss per share (down from S$0.039 profit in FY 2024). Revenue: S$742.7m (up 7.2% from FY 2024). Net loss: S$55.0m (down 373% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Apr 17
Dividend of S$0.04 announced Dividend of S$0.04 is the same as last year. Ex-date: 8th May 2026 Payment date: 22nd May 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.9%. Annonce • Apr 16
Hotel Properties Limited, Annual General Meeting, Apr 30, 2026 Hotel Properties Limited, Annual General Meeting, Apr 30, 2026, at 16:00 Singapore Standard Time. Location: crescent ballroom, level 2 four seasons hotel singapore, 190 orchard boulevard, singapore 248646, Singapore Reported Earnings • Mar 02
Third quarter 2025 earnings released: S$0.89 loss per share (vs S$0.027 profit in 3Q 2024) Third quarter 2025 results: S$0.89 loss per share (down from S$0.027 profit in 3Q 2024). Revenue: S$182.1m (up 5.4% from 3Q 2024). Net loss: S$28.8m (down 302% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 16
First half 2025 earnings released: EPS: S$0.013 (vs S$0.016 loss in 1H 2024) First half 2025 results: EPS: S$0.013 (up from S$0.016 loss in 1H 2024). Revenue: S$378.4m (up 9.0% from 1H 2024). Net income: S$11.4m (up S$16.4m from 1H 2024). Profit margin: 3.0% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.04 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 23 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.1%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (4.0%). Declared Dividend • Apr 16
Dividend of S$0.04 announced Shareholders will receive a dividend of S$0.04. Ex-date: 7th May 2025 Payment date: 23rd May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.9%. Reported Earnings • Mar 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: S$0.039 (down from S$1.06 in FY 2023). Revenue: S$692.9m (up 7.9% from FY 2023). Net income: S$27.2m (down 95% from FY 2023). Profit margin: 3.9% (down from 86% in FY 2023). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 100% 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 (0.7x net interest cover). Earnings are forecast to decline by an average of 100% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Recent Insider Transactions Derivative • Jan 09
Executive Director exercised options to buy S$2.7m worth of stock. On the 6th of January, Buong Lik Lau exercised options to buy 750k shares at a strike price of around S$3.24, costing a total of S$2.4m. This transaction amounted to 73% of their direct individual holding at the time of the trade. Since March 2024, Buong Lik has owned 1.03m shares directly. Company insiders have collectively bought S$5.3m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 17
First half 2024 earnings released: S$0.016 loss per share (vs S$0.04 loss in 1H 2023) First half 2024 results: S$0.016 loss per share (improved from S$0.04 loss in 1H 2023). Revenue: S$347.3m (up 8.9% from 1H 2023). Net loss: S$4.93m (loss narrowed 71% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • May 23
Hotel Properties Limited Announces Board and Committee Changes The Board of Directors of Hotel Properties Limited announced the appointment of Mr. Rahul Goswamy as non-executive independent director of the Company with effect from 21 May 2024. AUDIT COMMITTEE; Rahul Goswamy; Chairman, Independent Director, Arthur Tan Keng Hock; Non-Executive Director, Wong Liang Ying; Independent Director. REMUNERATION COMMITTEE; Nicholas James Loup; Chairman, Independent Director, Ong Beng Seng; Executive Director, Rahul Goswamy; Independent Director. NOMINATING COMMITTEE; Wong Liang Ying; Chairman, Independent Director,David Fu Kuo Chen; Non-Executive Director, Nicholas James Loup; Independent Director. Recent Insider Transactions Derivative • May 09
Group Executive Director exercised options to buy S$3.2m worth of stock. On the 6th of May, Tien Lock Lim exercised options to buy 900k shares at a strike price of around S$3.21, costing a total of S$2.9m. This was the only transaction from an insider over the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of S$0.06 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 3.8% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Singaporean dividend payers (6.2%). Lower than average of industry peers (3.4%). Annonce • May 01
Hotel Properties Limited Announces Board Changes The Board of Directors Hotel Properties Limited announced the appointment of Mr. Wong Liang Ying as the new Independent Chairman of the Board, in place of Mr. Arthur Tan Keng Hock upon the conclusion of the Company's Annual General Meeting on 30 April 2024. Mr. Arthur Tan Keng Hock who has served as Independent Director for more than nine years, will cease to be independent upon the conclusion of the Company's Annual General Meeting on 30 April 2024 and he will be redesignated as Non-Independent Non-Executive Director of the Company. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: S$1.06 (vs S$0.057 in FY 2022) Full year 2023 results: EPS: S$1.06 (up from S$0.057 in FY 2022). Revenue: S$642.1m (up 22% from FY 2022). Net income: S$554.0m (up S$524.3m from FY 2022). Profit margin: 86% (up from 5.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 17
Dividend of S$0.06 announced Shareholders will receive a dividend of S$0.06. Ex-date: 8th May 2024 Payment date: 24th May 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (4% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: S$1.06 (vs S$0.13 in FY 2022) Full year 2023 results: EPS: S$1.06 (up from S$0.13 in FY 2022). Revenue: S$642.1m (up 22% from FY 2022). Net income: S$561.0m (up S$495.1m from FY 2022). Profit margin: 87% (up from 13% in FY 2022). Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. New Risk • Oct 13
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 (0.7x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 12
First half 2023 earnings released: S$0.04 loss per share (vs S$0.01 loss in 1H 2022) First half 2023 results: S$0.04 loss per share (further deteriorated from S$0.01 loss in 1H 2022). Revenue: S$319.0m (up 28% from 1H 2022). Net loss: S$17.2m (down S$19.1m from profit in 1H 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Hospitality industry in Singapore. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • May 09
Hotel Properties Limited Approves Appointment of Nicholas James Loup as Non-Executive Independent Director The Board of Hotel Properties Limited approved the appointment of Mr. Nicholas James Loup as a Non-Executive Independent Director, a Member of the Audit Committee and a Member of the Nominating Committee of the Company with effect from May 8, 2023 after having considered the recommendation of the Nominating Committee and having reviewed the credentials and experience of Mr. Loup. Working Experience: 1) Chelsfield Asia (2016 to Present) Group Vice Chairman, CEO Asia 2) Dymon Asia Real Estate (2015-2016) CEO - Business sold to Chelsfield 3) Chelsfield Group Board (2015) Working with Chairman on Group Strategy 4) Grosvenor Asia Pacific, Hong Kong (1996-2015) Chief Executive, and involved with Audit and Remuneration Committees. However, Mr. Loup was a Director of Asia Standard International Group Ltd. (Hong Kong Stock Code Number 129) since August 20, 1999 and re-designated as Non-Executive Director on March 25, 2011. He resigned on July 9, 2012. The Company will be enrolling Mr. Loup in the relevant training courses offered by the Singapore Institute of Directors within one year from the date of his appointment. Upcoming Dividend • May 03
Upcoming dividend of S$0.05 per share at 1.1% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of Singaporean dividend payers (6.4%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: S$0.13 (up from S$0.042 loss in FY 2021). Revenue: S$525.5m (up 53% from FY 2021). Net income: S$65.9m (up S$87.6m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Singapore. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: S$0.13 (vs S$0.042 loss in FY 2021) Full year 2022 results: EPS: S$0.13 (up from S$0.042 loss in FY 2021). Revenue: S$525.5m (up 53% from FY 2021). Net income: S$76.4m (up S$98.1m from FY 2021). Profit margin: 14% (up from net loss in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Singapore. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Feb 02
Hotel Properties Limited Announces Changes of Company Secretaries The Board of Directors of Hotel Properties Limited (the "Company") announced the following: 1) the resignation of Ms Michelle Fiona Heng and Ms Lim Guek Hong as Company Secretaries of the Company with effect from 1 February 2023. 2) the appointment of Ms Joanna Lim Lan Sim as the Company Secretary of the Company with effect from 1 February 2023. Annonce • Dec 22
Royal Hiranandani Pte Ltd agreed to acquire 7 shop units in Ming Arcade from Hotel Properties Limited. Royal Hiranandani Pte Ltd agreed to acquire 7 shop units in Ming Arcade from Hotel Properties Limited on December 20, 2022. The disposal of the Sale Assets is expected to result in a gain of approximately SGD 61 million for the Group. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Lawrence Wong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$22.3m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • May 03
Upcoming dividend of S$0.04 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 20 May 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Singaporean dividend payers (5.8%). Lower than average of industry peers (1.4%). Annonce • May 02
Hotel Properties Limited Announces Executive Changes The Board of Directors of Hotel Properties Limited announce the appointment of Ms. Heng Michelle Fiona as Company Secretary in place of Ms. Lo Swee Oi who has resigned with effect from 29 April 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Lawrence Wong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings released: S$0.042 loss per share (vs S$0.37 loss in FY 2020) Full year 2021 results: S$0.042 loss per share (up from S$0.37 loss in FY 2020). Revenue: S$344.2m (up 33% from FY 2020). Net loss: S$21.7m (loss narrowed 89% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.042 loss per share (up from S$0.37 loss in FY 2020). Revenue: S$344.2m (up 33% from FY 2020). Net loss: S$7.69m (loss narrowed 96% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Annonce • May 11
Hotel Properties Limited Approves First and Final One-Tier Tax-Exempt Dividend for the Year Ended 31 December 2020 Hotel Properties Limited announced that at its AGM held on April 28, 2021, approve a First and Final One-Tier Tax-Exempt Dividend of 4 cents per ordinary share for the year ended 31 December 2020. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.04 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 18 May 2021. Trailing yield: 1.2%. Lower than top quartile of Singaporean dividend payers (4.6%). In line with average of industry peers (1.3%). Reported Earnings • Apr 08
Full year 2020 earnings released: S$0.37 loss per share (vs S$0.096 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$258.8m (down 54% from FY 2019). Net loss: S$191.5m (down 482% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$258.8m (down 54% from FY 2019). Net loss: S$177.5m (down 464% from profit in FY 2019). Is New 90 Day High Low • Feb 25
New 90-day high: S$3.15 The company is up 3.0% from its price of S$3.05 on 26 November 2020. The Singaporean market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is flat over the same period. Annonce • Feb 20
Hotel Properties Limited to Report Fiscal Year 2020 Results on Mar 01, 2021 Hotel Properties Limited announced that they will report fiscal year 2020 results on Mar 01, 2021 Is New 90 Day High Low • Jan 15
New 90-day high: S$3.09 The company is up 8.0% from its price of S$2.85 on 15 October 2020. The Singaporean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: S$2.70 The company is down 10.0% from its price of S$3.00 on 06 August 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 1.0% over the same period. Annonce • Aug 07
Hotel Properties Limited to Report First Half, 2020 Results on Aug 14, 2020 Hotel Properties Limited announced that they will report first half, 2020 results on Aug 14, 2020