A good reason is that the company is doing well with its latest projects, so the next few years will be rock solid results as it books sales into its P&L. SIAS Research put up a positive report last week:
[url=http://www.nextinsight.net
/index.php?option=com_content&view=article&id=5192&Itemid=1]ROXY-PACIFIC chalks up another $150 m sales[/url]
Roxy started the year at 26 cents ----> and never looked back. It has hit 45 cnts currently, for a 76% year to date gain. NextInsight readers who have bought this gem when it was still under the radar -- congrats on your investment!
Roxy-Pacific is mainly viewed as a property developer. However, I am interested to track its hotel earnings thru Grand Mercure Roxy Hotel.
Hotel plays are hot in SGX because of the strong increase in tourist arrivals. CDLHT is a hot sizzling performer mainly bcos it's a pure play in hospitality. Roxy has a hotel, just one, let's see how good the 2Q results are. For the stock to cross 50 cents should not be a problem, based on FA.
Roxy giving an interim dividend of 0.67 cent a share.
I believe this is the first time they give interim. This is a key sign of enhancing shareholder value. When will Sing Holdings start to give ?
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