Property Developer Lost S$10.2 Million - CEO Reveals Why This Could Actually Help Investors
Key Points
- Low Keng Huat reported a S$10.2 million loss in H1 2025, a s...
When Low Keng Huat announced their S$10.2 million loss for the first half of 2025, it wasn't exactly the kind of plot twist shareholders were hoping for in their financial thriller. Last year's comfortable S$5.8 million profit has vanished faster than free coffee at a Monday morning office meeting.
When Your Golden Goose Stops Laying Eggs
The company's revenue plummeted 85% from S$257.9 million to just S$38.7 million - a drop so dramatic it makes your worst trading day look like a minor hiccup. The culprit? Their cash cow project, Klimt Cairnhill, has essentially finished milking itself....
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