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Last $0.03 SGD
Change Today +0.001 / 4.00%
Volume 56.0K
HLGE On Other Exchanges
Symbol
Exchange
Singapore
As of 4:33 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

hl global enterprises ltd (HLGE) Snapshot

Open
$0.03
Previous Close
$0.03
Day High
$0.03
Day Low
$0.03
52 Week High
04/22/14 - $0.05
52 Week Low
03/23/15 - $0.02
Market Cap
25.0M
Average Volume 10 Days
45.1K
EPS TTM
$0.0038
Shares Outstanding
963.2M
EX-Date
06/29/99
P/E TM
6.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for HL GLOBAL ENTERPRISES LTD (HLGE)

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hl global enterprises ltd (HLGE) Details

HL Global Enterprises Limited, an investment holding company, engages in the operation and management of hotels and restaurants primarily in Singapore, Malaysia, and the People’s Republic of China. It operates in three segments: Investments and Others, Hospitality and Restaurant, and Property Development. The company is also involved in development, sale, and rental of properties; property investment; and project and property management activities. In addition, it engages in the foreign investment holding business; provision of hotel management and consultancy services; and ownership and operation of a serviced apartment building in Shanghai, the People’s Republic of China. HL Global Enterprises Limited was formerly known as HLG Enterprise Limited and changed its name to HL Global Enterprises Limited in April, 2008. The company was incorporated in 1961 and is based in Singapore. HL Global Enterprises Limited is a subsidiary of Grace Star Services Ltd.

hl global enterprises ltd (HLGE) Top Compensated Officers

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Executives, Board Directors

hl global enterprises ltd (HLGE) Key Developments

HL Global Enterprises Limited Reports Unaudited Earnings Results for the Year Ended December 31, 2014

HL Global Enterprises Limited reported unaudited earnings results for the year ended December 31, 2014. For the year, the company reported profit before tax was SGD 4,006,000 against loss before tax of SGD 5,553,000 a year ago. Profit attributable to owners of the company was SGD 3,571,000 against loss attributable to owners of the company of SGD 6,084,000 a year ago. Basic and diluted earnings per share attributable to owners of the company (based on the weighted average number of ordinary shares in issue) was 0.38 cents against basic and diluted loss per share attributable to owners of the company (based on the weighted average number of ordinary shares in issue) was of 0.65 cents basic and diluted per share a year ago. Net cash generated from operating activities was SGD 411,000 against net cash used from operating activities of SGD 891,000 a year ago. Purchase of property, plant and equipment was SGD 450,000 against SGD 146,000 a year ago. The Group reported revenue of SGD 18.2 million for the financial year ended 31 December 2013, a decrease of SGD 16.1 million compared to full year 2012. The Group's revenue for year increased to SGD 10 million from SGD 6.5 million for 2013, representing an increase of 54%. The substantial increase of SGD 3.5 million in revenue was mainly due to the consolidation of the financial results of Augustland Hotel Sdn Bhd following the completion of the Group's acquisition of the remaining 55% equity interest in AHSB on 8 July 2014. AHSB owns Copthorne Hotel Cameron Highlands. Elite Residences Serviced Apartment also contributed about 11% of the group's increased revenue. However, revenue generated by the property development segment for 2014 decreased by SGD 1.2 million compared to 2013 due to lower sales of apartment units at Equatorial Cameron Highlands.

Venture Lewis Limited Has Entered into A Loan Agreement with HL Global Enterprises Limited

China Yuchai International Limited announced that its wholly-owned subsidiary Venture Lewis Limited has entered into a loan agreement with HL Global Enterprises Limited for the extension of a loan of SGD 68,000,000 to HLGE. The original amount of the loan was SGD 93,000,000 which was granted to HLGE in February 2009 to refinance the zero coupon, unsecured, non-convertible bonds issued by HLGE in 2006 and which matured on July 3, 2009 (maturity date). However, the principal amount has been reduced to SGD 68,000,000 pursuant to partial repayments of SGD 10,000,000, SGD 8,000,000 and SGD 7,000,000 made by HLGE in February 2011, April 2012 and July 2013 respectively. The unsecured loan has, pursuant to the terms of the 2015 loan agreement, been extended for one year from July 2015 and is due for repayment in July 2016. Under the terms of the 2015 loan agreement, the interest payable will remain as the aggregate of a margin of 1.00% per annum and the 12-month Singapore Interbank offer rate expressed in a percentage rate fixed by the association of banks in Singapore for Singapore dollars as of February 10, 2015. In the event the interest rate charged on external funds utilized by China Yuchai for their investment in HLGE is increased, the company has a right to negotiate with HLGE with a view to agreeing on an increase in the interest rate payable by HLGE under the 2015 loan agreement subject to compliance with certain regulatory requirements. A negative pledge undertaking against any disposal or creation of security over substantially all of HLGE's assets without VLL's consent is also included.

HL Global Enterprises Limited Announces Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

HL Global Enterprises Limited announced unaudited group earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of SGD 3.622 million against SGD 1.42 million a year ago. The improvement was primarily due to the consolidation of the financial results of Augustland Hotel Sdn Bhd following the completion of the Group's acquisition of the remaining 55% equity interest in AHSB on 8 July 2014. Profit before tax was SGD 6.62 million against loss of SGD 0.050 million a year ago. Profit for the period attributable to owners of the company was SGD 6.5 million or 0.69 cents per basic and diluted share against loss of SGD 0.210 million or 0.02 cents per basic and diluted share a year ago. Net cash from operating activities was SGD 0.55 million against net cash used in operating activities of SGD 0.45 million a year ago. Purchase of property, plant and equipment was SGD 0.144 million against SGD 0.038 million a year ago. For the nine months, the company reported revenue of SGD 6.5 million against SGD 4.640 million a year ago. Profit before tax was SGD 4.8 million against loss of SGD 4.710 million a year ago. Profit for the period attributable to owners of the company was SGD 4.4 million or 0.47 cents per basic and diluted share against SGD 5.144 million or 0.55 cents per basic and diluted share a year ago. Net cash used in operating activities was SGD 0.099 million against SGD 0.753 million a year ago. Purchase of property, plant and equipment was SGD 0.151 million against SGD 0.040 million a year ago. The group's revenue increased, primarily due to the acquisition.

 

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Valuation HLGE Industry Range
Price/Earnings 6.7x
Price/Sales 2.4x
Price/Book NM Not Meaningful
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful
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