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Stamford Land Concludes Operations at Sir Stamford Hotel

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Stamford Land Concludes Operations at Sir Stamford Hotel

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Stamford Land Corporation Ltd ( (SG:H07) ) just unveiled an update.

Stamford Land Corporation Ltd has announced the handover of its property, Sir Stamford at Circular Quay in Sydney, to a purchaser, marking the cessation of its hotel operations at the site. This move, which follows the property’s divestment in FY2023, will not affect the company’s net tangible assets but will result in the loss of revenue and operating results from the property, which contributed 7.6% of the Group’s revenue and 5.4% of its profit before tax in the first half of FY2026.

The most recent analyst rating on (SG:H07) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Stamford Land Corporation Ltd stock, see the SG:H07 Stock Forecast page.

More about Stamford Land Corporation Ltd

Stamford Land Corporation Ltd operates in the hospitality industry, focusing on hotel management and property development. The company is known for its luxury hotels and residential properties, primarily targeting high-end markets.

Average Trading Volume: 613,281

Technical Sentiment Signal: Buy

Current Market Cap: S$738.9M

For a thorough assessment of H07 stock, go to TipRanks’ Stock Analysis page.

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