Oxley Holdings

[donmihaihai]

https://research.sginvestors.io/2020/03/...7.html?m=1

Which part is inaccurate ?


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https://www.oxley.com.sg/download/genera...1585524201

so locally Oxley sold from 58% to 71% from Feb to Mar 19. pretty good. 

What about overseas? GDV from overseas is higher than local and with $8B total GDV yet to launch. exclude them is selective counting. Oxley gross profit margin for development property is low and I think it need to sell at least 80% to breakeven at GP level. 

Talking about unbilled revenues or proceeds from sales of units without cost is also selective counting. Anyway it is always the case, on how much proceeds from sold units BUT look back to the interest coverage for last 2.5 years which also mean that operating profits below interest payment. Clearly shown in cashflow statement for last 2.5 yrs.