LHN Stock Forum

Momentum Trader OP : Good idea to sell into strength today!

unfilteredtruths : Low market cap, that's why not much movement. But also a good thing - makes this stock stable with very low fluctuations. Good dividend stock if you ask me.

101572862 : reported lesser profit by  29% this quarter result.

unfilteredtruths OP 101572862 : I see. Thank you

101572862 unfilteredtruths OP : $LHN(41O.SI)
LHN warns H1 2024 net profit could decline by 28.6%
The group attributes the expected drop to the absence of a one-off gain and discontinued operations from disposals
MAINBOARD-LISTED  LHN : 41O 0% warned that it expects net profit to drop 28.6 per cent to  no less than S$14.5 million for the first half ended Mar 31, 2024, from  S$20.3 million in the previous corresponding period.
In  a profit guidance update released on Sunday (May 5), the real estate  management services company attributed the lower net profit estimate to  the absence of a one-off gain from the disposal of associate Getgo  Technologies and a lower gain from net investment in subleases.
Another  factor is the absence of profit from discontinued operations in  relation to the group’s disposal in LHN Logistics and its group of  companies.
LHN  Logistics, of which LHN was previously majority shareholder, was  delisted from the Singapore Exchange’s Catalist board on Nov 1, 2023,  following its compulsory acquisition by China’s Milkyway Chemical.
The  lower profit was partially offset by an increase in earnings from the  group’s co-living business and a lower net fair value loss on the group  and joint ventures’ investment properties.
The  company said that the information is based on the preliminary  assessment of its unaudited financial results, which it expects to  release in “due course”.

Tan Chin Seng klang : buy more Singapore property