Upcoming Dividend • May 07
Upcoming dividend of S$0.015 per share Eligible shareholders must have bought the stock before 14 May 2026. Payment date: 29 May 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. 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$0.037 loss per share (vs S$0.019 loss in FY 2024) Full year 2025 results: S$0.037 loss per share (further deteriorated from S$0.019 loss in FY 2024). Revenue: S$145.6m (up 3.6% from FY 2024). Net loss: S$27.5m (loss widened 96% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Hotel Grand Central Limited, Annual General Meeting, Apr 30, 2026 Hotel Grand Central Limited, Annual General Meeting, Apr 30, 2026, at 11:30 Singapore Standard Time. Location: hotel chancellor @ orchard, function room, level 2, 28 cavenagh road, singapore 229635, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: S$0.037 loss per share (vs S$0.019 loss in FY 2024) Full year 2025 results: S$0.037 loss per share (further deteriorated from S$0.019 loss in FY 2024). Revenue: S$147.3m (up 4.8% from FY 2024). Net loss: S$27.5m (loss widened 96% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite being loss-making. Declared Dividend • Mar 01
Dividend of S$0.015 announced Shareholders will receive a dividend of S$0.015. Ex-date: 14th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.9%. 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 (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Feb 28
Hotel Grand Central Limited announces Annual dividend, payable on May 29, 2026 Hotel Grand Central Limited announced Annual dividend of SGD 0.0150 per share payable on May 29, 2026, ex-date on May 14, 2026 and record date on May 15, 2026. Announcement • Feb 09
Hotel Grand Central Limited to Report Fiscal Year 2025 Results on Mar 01, 2026 Hotel Grand Central Limited announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Mar 01, 2026 New Risk • Oct 11
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Aug 19
First half 2025 earnings released: EPS: S$0.005 (vs S$0.01 in 1H 2024) First half 2025 results: EPS: S$0.005 (down from S$0.01 in 1H 2024). Revenue: S$68.8m (up 1.2% from 1H 2024). Net income: S$3.43m (down 55% from 1H 2024). Profit margin: 5.0% (down from 11% in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • May 16
Hotel Grand Central Limited Approves First and Final One-Tier Tax Exempt Ordinary Dividend for Fiscal Year 2024 Hotel Grand Central Limited in its Annual General Meeting held on 29 April 2025 approved a first and final one-tier tax exempt ordinary dividend for Fiscal year 2024. It was noted the Directors had recommended the payment of a first and final one-tier tax exempt ordinary dividend of 1.5 cents (Singapore Dollar) per share for the Fiscal year 2024. Upcoming Dividend • May 07
Upcoming dividend of S$0.015 per share Eligible shareholders must have bought the stock before 14 May 2025. Payment date: 30 May 2025. The company is not currently making a profit and its cash payout ratio is 100%. Trailing yield: 2.1%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (3.9%). Reported Earnings • Apr 17
Full year 2024 earnings released: S$0.019 loss per share (vs S$0.016 profit in FY 2023) Full year 2024 results: S$0.019 loss per share (down from S$0.016 profit in FY 2023). Revenue: S$140.5m (down 5.8% from FY 2023). Net loss: S$14.0m (down 218% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 16
Dividend of S$0.015 announced Dividend of S$0.015 is the same as last year. Ex-date: 14th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (95% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Apr 15
Hotel Grand Central Limited announces Annual dividend, payable on May 30, 2025 Hotel Grand Central Limited announced Annual dividend of SGD 0.0150 per share payable on May 30, 2025, ex-date on May 14, 2025 and record date on May 15, 2025. Announcement • Apr 14
Hotel Grand Central Limited, Annual General Meeting, Apr 29, 2025 Hotel Grand Central Limited, Annual General Meeting, Apr 29, 2025, at 11:30 Singapore Standard Time. Location: hotel chancellor @ orchard, function room, level 2, 28 cavenagh road, singapore 229635, Singapore Reported Earnings • Mar 02
Full year 2024 earnings released: S$0.019 loss per share (vs S$0.016 profit in FY 2023) Full year 2024 results: S$0.019 loss per share (down from S$0.016 profit in FY 2023). Revenue: S$142.1m (down 4.7% from FY 2023). Net loss: S$14.0m (down 218% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Alternate Director Michelle Tan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 01
Hotel Grand Central Limited Proposes First and Final One-Tier Tax Exempt Ordinary Dividend for the Year Ended 31 December 2024, Payable on May 30, 2025 Share Transfer Books and Register of Members of Hotel Grand Central Limited will be closed on 15 May 2025 for the purpose of determining the entitlements of shareholders in respect of the proposed first and final one-tier tax exempt ordinary dividend of 1.5 Singapore cent per ordinary share for the year ended 31 December 2024. The Proposed Final Dividend, if approved by shareholders at the Company's forthcoming annual general meeting, will be paid on 30 May 2025. Announcement • Feb 26
Hotel Grand Central Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 Hotel Grand Central Limited announced that they will report fiscal year 2024 results on Feb 28, 2025 Announcement • Feb 23
Hotel Grand Central Limited Announces Retirement of Tan Eng Teong as Executive Chairman Hotel Grand Central Limited announced Retirement of Tan Eng Teong as Executive Chairman. Role And Responsibilities; His area of responsibilities include: a) Steering the strategic direction and growth of the Group's business. b) Setting the agenda for Board's meeting. c) Ensuring the information flow between management and the Board. d) Overseeing the day to day running business in Singapore, Australia, New Zealand, Malaysia and China. Familial RelationShip; Brother of Tan Teck Lin (Executive Director of the Company) and Tan Eng How (Non-Independent Non-Executive Director of the Company). Father of Tan Hwa Lian (Executive Director of the Company) and Tan Hwa Lam (Executive Director of the Company). 3. Uncle of Tan Hwa Imm (Alternate Director to Tan Teck Lin). Other DirectorShips Present; 1. Director of Tan Eng Teong Pte Ltd. 2. Director of Tan Eng Teong Holdings Sdn Bhd 3. Director of Tan Chee Hoe & Sons Holdings Pte Ltd. 4. Director of Hotel Chancellor at Orchard Pte Ltd. 5. Director of Grand Central Management (S) Pte Ltd. 6. Grand Central International Management (S) Pte Ltd. Reason For Cessation; As part of the succession planning, Mr. Tan Eng Teong has expressed his desire to step down as the Executive Chairman and Managing Director of the Company. Reported Earnings • Aug 20
First half 2024 earnings released: EPS: S$0.01 (vs S$0.014 in 1H 2023) First half 2024 results: EPS: S$0.01 (down from S$0.014 in 1H 2023). Revenue: S$68.0m (down 6.7% from 1H 2023). Net income: S$7.53m (down 28% from 1H 2023). Profit margin: 11% (down from 14% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 56% 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. Announcement • Jul 23
Hotel Grand Central Limited (SGX:H18) and Tan Chee Hoe & Sons Sdn Bhd proposed to acquire an additional 27.35% stake in Grand Central Enterprises Bhd. (KLSE:GCE) for MYR 24.8 million. Hotel Grand Central Limited (SGX:H18) and Tan Chee Hoe & Sons Sdn Bhd proposed to acquire an additional 27.35% stake in Grand Central Enterprises Bhd. (KLSE:GCE) for MYR 24.8 million on July 22, 2024. A cash consideration valued at MYR 0.46 per share will be paid by Hotel Grand Central Limited and Tan Chee Hoe & Sons 53,872,939 ordinary shares. The transaction will be financed through internal resources. The offer is conditional upon approvals being obtained from the shareholders of Grand Central Enterprises and Bursa Securities.
UOB Kay Hian Securities Sdn Bhd. acted as financial advisor to Tan Chee Hoe & Sons Sdn Bhd and Hotel Grand Central Limited. Announcement • May 11
Hotel Grand Central Limited Approves First and Final One-Tier Tax Exempt Ordinary Dividend for the Financial Year Ended 31 December 2023 Hotel Grand Central Limited announced that at the Annual General Meeting held on 29 April 2024 approved first and final one-tier tax exempt ordinary dividend of 2 cents (Singapore Dollars) per ordinary share for the financial year ended 31 December 2023. Upcoming Dividend • May 10
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 31 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (3.5%). Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: S$0.016 (vs S$0.001 in FY 2022) Full year 2023 results: EPS: S$0.016 (up from S$0.001 in FY 2022). Revenue: S$150.5m (up 4.9% from FY 2022). Net income: S$11.9m (up S$11.0m from FY 2022). Profit margin: 7.9% (up from 0.6% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Apr 13
Hotel Grand Central Limited, Annual General Meeting, Apr 29, 2024 Hotel Grand Central Limited, Annual General Meeting, Apr 29, 2024, at 11:30 Singapore Standard Time. Location: Hotel Chancellor @ Orchard, Function Room Level 2, 28 Cavenagh Road Singapore Agenda: To consider directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023; to consider approval of first and final one-tier tax exempt ordinary dividend; to consider approval of Directors' fees for the financial year ended 31 December 2023; to consider re-election of Mr. Tan Eng How as a Director; to consider re-election of Mr. Tan Kok Aun as a Director; to consider re-election of Mr. Lim Thian Loong as a Director; to consider re-appointment of Ernst & Young LLP as Auditor of the Company; to consider authority to allot and issue Shares; and to consider renewal of Share Repurchase Mandate. Declared Dividend • Mar 04
Dividend of S$0.02 announced Shareholders will receive a dividend of S$0.02. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (251% earnings payout ratio) and 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. The company's earnings per share (EPS) would need to grow by 179% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 01
Hotel Grand Central Limited Proposes First and Final One-Tier Tax Exempt Ordinary Dividend for the Year Ended 31 December 2023, Payable on 31 May 2024 Hotel Grand Central Limited proposed first and final one-tier tax exempt ordinary dividend of 2.0 Singapore cent per ordinary share for the year ended 31 December 2023. The Proposed Final Dividend, if approved by shareholders at the Company's forthcoming annual general meeting, will be paid on 31 May 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: S$0.016 (vs S$0.001 in FY 2022) Full year 2023 results: EPS: S$0.016 (up from S$0.001 in FY 2022). Revenue: S$150.5m (up 4.9% from FY 2022). Net income: S$11.9m (up S$11.0m from FY 2022). Profit margin: 7.9% (up from 0.6% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Aug 19
Hotel Grand Central Limited Announces Renaming of the Audit Committee to Audit and Risk Committee and Its Members The Board of Directors of Hotel Grand Central Limited announced that the Audit Committee of the Company will be renamed as the "Audit and Risk Committee" with effect from the date of this announcement, to reflect its scope and responsibilities. The members of the Audit and Risk Committee remains the same as follows: Audit and Risk Committee: Tan Kok Aun (Chairman), Fang Swee Peng and Lim Thian Loong. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0.014 (vs S$0.007 in 1H 2022) First half 2023 results: EPS: S$0.014 (up from S$0.007 in 1H 2022). Revenue: S$72.9m (up 16% from 1H 2022). Net income: S$10.4m (up 93% from 1H 2022). Profit margin: 14% (up from 8.6% in 1H 2022). 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 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 05
Upcoming dividend of S$0.02 per share at 2.2% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 31 May 2023. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 2.2%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (3.2%). Upcoming Dividend • May 05
Upcoming dividend of S$0.02 per share at 2.2% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 31 May 2023. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 2.2%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (3.2%). Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: S$0.001 (vs S$0.019 in FY 2021) Full year 2022 results: EPS: S$0.001 (down from S$0.019 in FY 2021). Revenue: S$143.5m (up 17% from FY 2021). Net income: S$845.0k (down 94% from FY 2021). Profit margin: 0.6% (down from 11% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: S$0.001 (vs S$0.019 in FY 2021) Full year 2022 results: EPS: S$0.001 (down from S$0.019 in FY 2021). Revenue: S$144.6m (up 18% from FY 2021). Net income: S$704.0k (down 95% from FY 2021). Profit margin: 0.5% (down from 11% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Paul Hui was the last 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: Insufficient board refreshment. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$7.85m from profit in 1H 2021). Profit margin: (down from 12% in 1H 2021). The decrease in margin was driven by lower expenses. Upcoming Dividend • Jul 01
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 08 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Singaporean dividend payers (6.1%). Lower than average of industry peers (1.5%). Announcement • May 02
Hotel Grand Central Limited Approves First and Final One-Tier Tax Exempt Ordinary Dividend for the Year Ended December 31, 2021 Hotel Grand Central Limited announced at annual general meeting held on April 29, 2022, the shareholders approved the first and final one-tier tax exempt ordinary dividend of 1 cent per ordinary share for the year ended December 31, 2021. 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. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Paul Hui was the last 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: Insufficient board refreshment. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: S$0.019 (vs S$0.051 in FY 2020) Full year 2021 results: EPS: S$0.019 (down from S$0.051 in FY 2020). Revenue: S$123.1m (up 32% from FY 2020). Net income: S$14.0m (down 63% from FY 2020). Profit margin: 11% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 08
Hotel Grand Central Limited Announces the Resignation of Franco Delli Cicchi as Group General Manager Hotel Grand Central Limited announced the resignation of Franco Delli Cicchi as Group General Manager. Board Change • Apr 02
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. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Paul Hui was the last 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: Insufficient board refreshment. Announcement • Mar 03
Hotel Grand Central Limited Announces Executive Changes The board of directors of Hotel Grand Central Limited announced the appointment of Mr. Yoo Loo Ping as the Company Secretary in place of Ms Eliza Lim Bee Lian with effect from 1 March 2022. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: S$0.015 (down from S$0.051 in FY 2020). Revenue: S$125.3m (up 35% from FY 2020). Net income: S$11.2m (down 70% from FY 2020). Profit margin: 8.9% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.4%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 20
An unknown buyer acquired Hotel Grand Chancellor (Palm Cove) Pty Limited from Hotel Grand Central Limited (SGX:H18) for AUD 10.9 million. An unknown buyer acquired Hotel Grand Chancellor (Palm Cove) Pty Limited from Hotel Grand Central Limited (SGX:H18) for AUD 10.9 million on August 11, 2021. Purchaser had declared the agreement unconditional after carrying out a due diligent investigation of the property and had paid the deposit of AUD 1 million The balance sum of AUD 9.89 million after settlement adjustments was paid the on settlement date. As of December 31, 2020, Hotel Grand Chancellor (Palm Cove) Pty Limited reported net loss of AUD 0.81 million. The net sale proceeds will be placed into interest bearing bank term deposits to top up Hotel Grand Central Limited's cash pool pending future investment opportunities by Hotel Grand Central Limited. CBRE acted as an advisor to Hotel Grand Central Limited. A commission of AUD 0.33 million was paid to CBRE. Colliers International acted as a valuer to the property.
An unknown buyer completed the acquisition of Hotel Grand Chancellor (Palm Cove) Pty Limited from Hotel Grand Central Limited (SGX:H18) on August 11, 2021. Recent Insider Transactions • Jun 19
Non Independent Non-Executive Director recently bought S$53k worth of stock On the 16th of June, Eng Tan bought around 50k shares on-market at roughly S$1.06 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$102k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS S$0.051 (vs S$0.036 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$93.1m (down 40% from FY 2019). Net income: S$37.3m (up 41% from FY 2019). Profit margin: 40% (up from 17% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$95.5m (down 38% from FY 2019). Net income: S$37.3m (up 41% from FY 2019). Profit margin: 39% (up from 17% in FY 2019). Is New 90 Day High Low • Dec 30
New 90-day high: S$1.05 The company is up 12% from its price of S$0.94 on 01 October 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: S$1.01 The company is up 9.0% from its price of S$0.93 on 09 September 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: S$0.96 The company is up 4.0% from its price of S$0.92 on 14 August 2020. The Singaporean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Hospitality industry, which is also up 4.0% over the same period.