Singapore eDevelopment Limited provided group earnings guidance for the first half ended June 30, 2018. The Group expects to report a loss for first half of 2018, principally due to the following factors: the Group's property development project in Houston, Texas has yet to start generating revenue; the Group's major property development project near Washington D.C., in Frederick County, Maryland has started generating revenue but the sale of the Ballenger Run multi-family parcel has been delayed until the six months financial period ending December 31, 2018; the operating and marketing expenses incurred are higher than the revenue generated from business; research and development expenses were incurred in respect of the Group's biomedical business; operating expenses were incurred in respect of the Group's information technology business; and the Group's investment business reported a fair value loss in respect of its investment securities.