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

• 21 Aug 23
  Response to SGX Queries::
• 7 Aug 23
  Financial Statements and Related Announcement::Half Yearly Results
• 1 Aug 23
  Financial Statements and Related Announcement::Profit Guidance
• 24 May 23
  General Announcement::Minutes of Annual General Meeting held on 28 April 2023
• 28 Apr 23
  General Announcement::CHANGE IN COMPOSITION OF THE BOARD OF DIRECTORS AND BOARD COMMITTEES
• 28 Apr 23
  Change – Announcement of Appointment::Appointment of Independent Director
• 28 Apr 23
  REPL::Annual General Meeting::Voluntary
• 28 Apr 23
  Annual Reports and Related Documents::
• 5 Apr 23
  Change – Announcement of Cessation::Dr. Lee Kuo Chuen is stepping down as Independent Non-Executive Director
• 5 Apr 23
  Annual Reports and Related Documents::
• 5 Apr 23
  Annual General Meeting::Voluntary
• 29 Mar 23
  Response to SGX Queries::
• 28 Mar 23
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer
• 27 Mar 23
  General Announcement::Royal Platinum Roof Topping Out Ceremony
• 14 Mar 23
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer
• 28 Feb 23
  Financial Statements and Related Announcement::Full Yearly Results
• 17 Feb 23
  Financial Statements and Related Announcement::Profit Guidance
• 2 Feb 23
  Change – Announcement of Cessation::Cessation of Financial Controller
• 5 Jan 23
  General Announcement::LAPSE OF JVA WITH HSC GROUP FOR THE EXPLORATION AND MINING OF MINERAL RESOURCES
• 22 Dec 22
  General Announcement::BUSINESS UPDATE
• 10 Aug 22
  Financial Statements and Related Announcement::Half Yearly Results
• 22 Jul 22
  Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Disclosure of Interest/Changes in Interest of Director/Chief Executive Officer
• 30 May 22
  Annual Reports and Related Documents::

• 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.

• Business Times: Hong Lai Huat to develop mega agricultural hub in Cambodia