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.
Revenue drivers
Hafary has 2 segments in its financial reportin…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
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
Binance’s rivals muscle in on Bitcoin trading around the world
BOJ will hike rates if trend inflation accelerates, says Ueda
Malaysia to build region’s largest chip design park in bid for top startup-hub status
British retailer JD Sports to buy US rival Hibbett for US$1.08 billion
Japan’s 7-Eleven convenience chain targets aggressive global growth
Renault Q1 sales rise 1.8%, helped by financing business