Hong Lai Huat Group

Hong Lai Huat Group

Hong Lai Huat Group is a real estate and property developer with 33 years of successful track record. Established since 1988, the Group has completed numerous projects in Singapore ranging from public and private residential developments, to commercial and industrial buildings. Some of its notable developments in Singapore include D’Ecosia, D’Fresco, D’Castilia, D’Almira, D’Lithium, D’Kranji Farm Resort and D’Centennial.

In 2008, the Group diversified into the agricultural sector in Cambodia and had since completed the development of approximately 10,000 hectares farmland that cultivates fresh cassava, as well as a cassava starch production factory capable of producing 120 tons of starch on a daily basis.

The Group also expanded its property development in Cambodia with the successful launched of its first freehold mixed-use project – D’Seaview which is one of the first and largest mixed-use developments in Sihanoukville, D’Seaview comprising 737 residential units and 67 commercial units. The construction of the entire project is completed in FY2019.

Following the success of D’Seaview, the Group launched its second freehold mixed-use project Royal Platinum in FY2019 in Toul Kwok district, Phnom Penh, the capital city of Cambodia. Located just 20 minutes away from Phnom Penh International Airport, this project comprises 851 residential and 50 commercial units. Construction works began in May 2020.

1HFY21 Results Announcement
Est 30 Aug 2021

Recent Developments

Investment Merits
  • Attractive valuation of 0.4x P/B. Backed by mainly hard assets of cash, properties and land.
  • Net cash position to form nearly 60% of total market cap. 
  • Significant uplift in agricultural land asset value following change in use of land for development of Agri-Hub.
  • Exponential profit growth from additional of multiple streams of diversified income from partnerships in development of Agri-Hub.
In The News
Stock Information
Price 0.093
Market Cap (SGDm)          50.3
YE 12/31/2021
Earnings Release Date (Est)
52 wk high/low 0.082/0.140
YTD % change -7.0%
Free Float % 52.16%

As at 10 March 2022

Key financial highlights
Key Highlights 2019 2020 2020
Revenue (SGD m) 29.3 8.0 16.7
Net Profit (SGD m) 1.8 (8.5) 3.4
Net Asset Value (SGD m) 118.5 117.6 149.9
Source: Hong Lai Huat Group Limited Annual Report 2021 and 2020
Brokerages Report Analysts Recommendation TP
Lim & Tan Securities Download File Singapore Research Team Non-Rated NA