KEONG HONG - UOB Kay Hian 2015-12-02: A Fruitful Year And Yet Another In FY16
KEONG HONG HOLDINGS LIMITED 5TT.SI KEONG HONG (KHHL SP) - A Fruitful Year And Yet Another In FY16
VALUATION
- Maintain BUY with a slightly lower SOTP target price of S$0.635 as we factor in the S$0.04/share dividend that has been declared in FY15.
RESULTS
- 4QFY15 net profit surged 411% to S$22.5m mainly due to the recognition of property development profit from its sold out 20% owned executive condominium project, Twin Waterfalls.
- Strong cash flow generation boost net cash position. Keong Hong generated free cash flow of S$37.5m during FY15 as net cash swelled to S$33.6m (S$0.149/share) as at 30 Sep 15.
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KEONG HONG HOLDINGS LIMITED 5TT.SI 
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