Hafary gains from property boom, but higher interest rates may weigh on earnings
EVEN through the Covid-19 pandemic and lockdowns, residential property prices in Singapore have consistently trended higher.
The booming property market benefits suppliers in the ecosystem, and players such as mainboard-listed Hafary Holdings : 5VS 0% have recorded a growth in earnings over the past year.
Its valuations appear undemanding, and the company, which supplies building materials such as marble and stone, has opportunities for continued growth. But there are potential risks for the stock in this rising-interest-rate environment.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Expedia shares sink as vacation rental weakness fuels revenue forecast trim
Oil settles down on US jobs data, steepest weekly loss in three months
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Google, US clash over search advertising as trial winds down