The company delivered a very strong FY2025, with revenue increasing to S$227.9 million and net profit rising to S$37.9 million, mainly due to revenue recognition from its industrial development project, Stellar@Tampines. It also proposed its maiden dividend of 3.05 cents per share.
However, developers often experience lumpy earnings. FY2025 benefited from project milestone recognition, so investors should not assume this level of earnings will repeat every year. Future performance depends on the timing of project completions and new launches.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
