Far East Orchard talks on COVID-19 impact ahead of AGM

The property developmemt and management company is focusing on resilience to benefit from post-pandemic recovery.

Far East Orchard has seen a significant drop in demand since the COVID-19 pandemic hit its hospitality operations in particular - in both Singapore and around the world, the company advised shareholders in advance of its 52nd annual general meeting today.

Its purpose-built student accommodation business in the UK has also been affected by early tenancy cancellations for the last semeter of the 2019-2020 academic year, as a result of university closures. These cancellations have had an estimated $5.19m negative impact on the group’s revenue.

The response to "substantial and relevant" questions from shareholders noted that several cost containment measures had been undertaken to manage the extraordinary circumstances, and conserve cash flow. To questions regarding the company's plans to alleviate these impacts, Far East responded that they will monitor the pandemic situation and "make necessary adjustments to mitigate the impact and benefit from a post-pandemic recovery".

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia