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Brokers' take

Published Mon, Feb 3, 2014 · 10:00 PM

Small-mid cap property

OCBC INVESTMENT RESEARCH, Feb 3

FOR its Q1FY14 (end-Sept 2013), Oxley Holdings announced a net income of S$250.8 million, up 37 times y-o-y. This comprised cash earnings, not valuation gains, and almost matched the combined earnings of CapitaLand and City Developments, the two largest domestic developers, over that quarter.

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