Tuan Sing reports 75% y-o-y drop in net profit for 1HFY2026

Lin Daoyi

Aug 07

The company held cash of around $172 million and had borrowings of $1.38 billion. Shares in Tuan Singapore closed unchanged at 30 cents on Aug 6.For 1HFY2026 ended June 30, net profit plunged 75% y-o-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2657645964"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2657645964\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2657645964?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-07 00:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657645964","market":"us","top_or_hot":-1,"title":"Tuan Sing reports 75% y-o-y drop in net profit for 1HFY2026","media":"Lin Daoyi","content":"<div>\n<p>The company held cash of around $172 million and had borrowings of $1.38 billion. Shares in Tuan Singapore closed unchanged at 30 cents on Aug 6.For 1HFY2026 ended June 30, net profit plunged 75% y-o-...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/results/tuan-sing-reports-75-y-o-y-drop-net-profit-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tuan Sing reports 75% y-o-y drop in net profit for 1HFY2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTuan Sing reports 75% y-o-y drop in net profit for 1HFY2026\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-07 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/results/tuan-sing-reports-75-y-o-y-drop-net-profit-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Lin Daoyi</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company held cash of around $172 million and had borrowings of $1.38 billion. Shares in Tuan Singapore closed unchanged at 30 cents on Aug 6.For 1HFY2026 ended June 30, net profit plunged 75% y-o-...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/results/tuan-sing-reports-75-y-o-y-drop-net-profit-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6117","symbol_name":"房地产开发","start_time":0,"source_url":"https://www.theedgesingapore.com/news/results/tuan-sing-reports-75-y-o-y-drop-net-profit-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2657645964","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/results/tuan-sing-reports-75-y-o-y-drop-net-profit-1hfy2026?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657645964","pubTimestamp":1786033898,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The company held cash of around $172 million and had borrowings of $1.38 billion. Shares in Tuan Singapore closed unchanged at 30 cents on Aug 6.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6117":"房地产开发","T24.SI":"传慎控股","BK6512":"房地产股"},"translate_title":"团新报告2026财年上半年净利润同比下降75%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"T24.SI":0.88},"content_text":"The company held cash of around $172 million and had borrowings of $1.38 billion. Shares in Tuan Singapore closed unchanged at 30 cents on Aug 6.For 1HFY2026 ended June 30, net profit plunged 75% y-o-y to $3.6 million for mainboard-listed Tuan Sing Holdings, with revenue dipping around 4.1% y-o-y to $67.4 million. No interim dividend was declared.\nIn its Aug 6 announcement, Tuan Sing says it delivered a \"resilient operating performance\" despite a more challenging global economic backdrop. It adds that asset enhancement initiatives have begun contributing to earnings while major development pipeline positions the business for long-term growth, including stronger recurring income and enhanced asset values in the future.\nThe slight revenue drop was attributed to lower revenue from real estate development and hospitality which was partially offset by higher revenue from real estate investment. Tuan Sing adds that the first-half results reflected the growing contribution from the business's recurring income platform, supported by the successful completion of key asset enhancement initiatives. \nCEO William Liem says: \"Our first-half performance demonstrates the resilience of our diversified portfolio and validates the strategy we have pursued over the past several years. The benefits of our asset enhancement initiatives are beginning to emerge through stronger recurring income from properties such as Dunearn Village, while investments we are making today - including Collins Street in Melbourne and Opus Bay in Batam - are designed to deliver sustainable earnings growth in the years ahead.\n\"We remain disciplined in our capital allocation while continuing to invest in high-quality assets capable of generating resilient recurring income and long-term capital appreciation. Supported by a healthy development pipeline and a growing hospitality platform, we are confident the Group is well-positioned to create sustainable value for shareholders.\"  \nOn a segmental basis, revenue from real estate investment increased around 10.5% y-o-y to $26.8 million. The improvement was driven principally by the stronger contribution from Dunearn Village following the completion of its asset enhancement initiative in late 2025, with occupancy continuing to improve as tenants progressively commenced operations. The higher contribution more than offset weaker performance from the Perth commercial property following the expiry of anchor tenant leases. \nFor the hospitality segment, revenue declined around 5.5% y-o-y to $39.4 million, mainly due to the planned closure of the hotel's event space and selected facilities in April 2026 to facilitate redevelopment works. Tuan Sing adds that underlying operating performance of Residence on Langley Park in Perth continued to strengthen, recording higher occupancy, improved revenue per available room and stronger gross operating profit margins following its successful repositioning. \nThe real estate development segment saw a revenue reversal of $1.88 million following a strategic decision to retain previously sold units at Balmoral Tower within Opus Bay for hospitality operations rather than residential sales. While this affected reported revenue during the period, the move is part of Tuan Sing's strategy of expanding its portfolio of recurring hospitality assets capable of generating sustainable long-term income. \nRevenue for the other investments segment grew 23.4% y-o-y to $4.24 million, attributed to stronger demand and improved selling prices in Tuan Sing's  Malaysian manufacturing business. The company adds that GulTech continued to deliver positive operating performance despite margin pressures arising from higher material costs. \nThe company held cash of around $172 million and had borrowings of $1.38 billion. \nShares in Tuan Singapore closed unchanged at 30 cents on Aug 6.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}