RHB Research expects Oxley Holdings to post record-breaking profits in 2016 to 2017, reported Singapore Business Review.
The property firm has $3.3 billion in total unbilled sales across its local and overseas development projects, which will underpin record profits for the next two years, said RHB.
Oxley is developing various high-yielding mixed development projects that are expected to be completed over the next 12 to 18 months. The developer has also witnessed impressive take-up rates at its overseas residential launches.
“It has also built up a sizable overseas portfolio to drive the next wave of NAV growth, with planned UK, Cambodia, Ireland, Malaysia and Myanmar launches in the upcoming months. The stock is one of our property sector top picks,” added RHB.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
