Profit Turnaround Amid Revenue Decline: Unpacking Keong Hong’s Strategy

Join us in this episode as we delve into Keong Hong Holdings Limited's surprising financial performance for the fiscal year ending September 30th, 2024.

Here are the highlights:

How Keong Hong Narrowed Losses and Restructured Loans to Improve Liquidity

 

* Analysis of Keong Hong's full-year revenue of S$177 million.

* Discussion on the outlook for Keong Hong, with a focus on building construction, property development, and hotel investment.

 

Investing in the Maldives Tourism Sector

 

* Analysis of Keong Hong's hotel development and investment in the Maldives, including the performance of Mercure Maldives Kooddoo Hotel and Pullman Maldives Maamutaa Resort.

* Examination of the challenges and opportunities in the Maldivian hotel industry.

 

Keong Hong's Financial Position and Future Prospects

 

* Breakdown of Keong Hong's financial position, including cash flow, assets, and liabilities as of September 30, 2024.

* Analysis of the company's construction order book.

* Assessment of Keong Hong's future prospects, considering the competitive conditions of the industry and known factors that may affect the group in the next reporting period and the next 12 months.