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SINGAPORE - HomesToLife Ltd (NASDAQ:HTLM), a Singapore-based furniture retailer with a market capitalization of $136.3 million, has announced that its recent subsidiary HTL Far East Pte Ltd has received sales orders exceeding $1.5 million in January 2025. The subsidiary, which was established in October 2024, is now projected to generate revenue between $12.0 million and $14.0 million for the year 2025.
This forecast indicates a significant increase in the overall revenue for HomesToLife, with expectations set between $16.0 million to $18.0 million for 2025. This would mark a growth of over 300 percent compared to its projected revenue for 2024. According to InvestingPro data, the company maintains an impressive gross profit margin of 70.76%, though analysis suggests the stock is currently trading above its Fair Value. The company attributes this growth to a strong demand for premium furniture in the Asia-Pacific region and the strategic initiatives undertaken by the new subsidiary.
HTL Far East focuses on sourcing, distributing, and delivering high-quality furniture to both consumer and business sectors across the region. HomesToLife’s CEO, Phua Mei Ming, expressed confidence in the subsidiary’s ability to meet the rising demand for reasonably priced premium furniture and its contribution to the company’s long-term value for stakeholders. The market appears to share this confidence, with InvestingPro showing a remarkable 130.85% price return over the past six months. Subscribers can access 12 additional ProTips and comprehensive financial metrics for deeper analysis.
The management team of HTL Far East includes industry veterans Mr. Phua Yong Pin, Mr. Phua Yong Tat, and Ms. Phua Mei Ming, who hold the positions of Chairman, Vice-Chairman, and Chief Executive Officer at HomesToLife, respectively.
HomesToLife, with a history dating back to 2014, operates through its indirect wholly owned subsidiary, HomesToLife Pte. Ltd. As of October 2024, the company operates six retail store locations in Singapore, offering a range of customized furniture solutions.
The company prides itself on providing value, quality, and timely delivery, and maintains an online presence through its website, which offers customers a seamless shopping experience and post-sales service support.
The information in this article is based on a press release statement from HomesToLife Ltd.
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