Oxley Holdings Ltd. (SG:5UX) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Oxley Holdings Ltd. has clarified a Bloomberg article about their financials, emphasizing a strong asset base of S$2.7 billion against a current liabilities figure of S$1.4 billion as of December 31, 2023. The company has successfully reduced its net gearing ratio to 1.38x and reports robust pre-sales across its projects, with notable achievements like the complete selling of Oxley Tower KLCC’s office and retail units in Malaysia, and 65% of the Riverscape project in London.
For further insights into SG:5UX stock, check out TipRanks’ Stock Analysis page.