An update from Far East Orchard Ltd. ( (SG:O10) ) is now available.
Far East Orchard Limited reported a profit after tax of S$17.1 million for the first quarter of FY2025, significantly boosted by a one-off gain from increasing its stake in Woods Square. Despite a decline in revenue due to refurbishment at an Australian property, the company saw strong contributions from its UK student accommodation segment and property development business, reflecting its strategic focus on scaling its lodging platform.
More about Far East Orchard Ltd.
Far East Orchard Limited, incorporated in Singapore, operates in the real estate and hospitality industry. The company focuses on property development, management, and hospitality services, with a notable presence in the UK student accommodation sector and expansion efforts in Japan.
Average Trading Volume: 77,158
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$503.8M
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