logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Investor Insights Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   61-80 of 200   Older>   Last  
Latest Forum Topics / Auric Pacific  Post Reply
Any advice on this stock?
starlene
Elite
16-May-2013 14:38     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

http://auric.listedcompany.com/newsroom/20130514_211005_A23_044E639F1E95ADF948257B6B003E5986.1.pdf

 

As mentioned by Chairman Albert Cheok,Auric will be trimming its non core extra ordinary biz and go back to basic food business.In the past they sold Robinson and a building in Market Street for large capital gains-With Ms Saw at the helm,co is in good hands to move forward in the right direction,interim profit has gone up.. 
 Useful To Me  Not Useful To Me
starlene
Elite
13-May-2013 23:42     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Hve been recommending Auric since Ms Saw joined the co in May 2012.. first qtr pretax profit more than doubled..well done Auric n Ms Saw http://auric.listedcompany.com/financials.html

shareflux      ( Date: 01-May-2013 21:01) Posted:

Starlene, i dont know about u, reading your post got me excited about Auric already. Will study the fundamental and see the star in the sky for a good entry point. Thanks for the upz...

starlene      ( Date: 25-Apr-2013 22:28) Posted:



AGM at Mandarain Hotel 25April-The star is Ms Saw Phaik Hwa,extolled her marketing plan to bring back Auric to her heydays-she asked shareholders not to sell the shares-if not for the blackout period she would still buy at current price $1.28,someone asked will hit $1.80,she remarked more than that-Co explored Revolving Credit Term for readily use which is also way below bank's rate-she is clearly the right fix for Auric's core food and retail business especially with her " army" of new blood injected into the company.When asked why no analysts'coverage for Auric,she not keen as she wants to polish Auric up to its heydays before getting the analysts to be excited.She has 270,000 shares in Auric from May 1,2012 when she first joined till todate-She also shared her purchases of SMRT at 60cts and watched it shot to a high of $2.30 when her friends alreday sold off at 90cts and then regretted when SMRT never dropped to 90cts again,she qualifed baring unforseen circumstances eg another SARS,Auric should see more upside

 

All shareholders and proxy went home with a $30 Delifrance  voucher ..not bad haha..in the past I understand they gave all their food products-Delifrance bread,Ovaltine,etc
 Useful To Me  Not Useful To Me


starlene
Elite
13-May-2013 20:34     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

first qtr pretax profit more than doubled..well done Auric n Ms Saw

http://auric.listedcompany.com/financials.html
 Useful To Me  Not Useful To Me
starlene
Elite
12-May-2013 20:13     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Touch $1.30 again,hope it remain above this level..hve faith in Ms Saw..by next yr shd  close $2

starlene      ( Date: 10-May-2013 23:28) Posted:

Wildreamz  wrote:
Good call to TS, insider trading of a stock that is:

1) Trading significantly below NAV and tangible asset.
2) High dividend payout track record.
3) Low P/E
4) Low Debt to Equity

Auric Pacific Group Ltd (AURI.SI) Financials | Reuters.com

This might really be a classic Peter Lynch turnaround stock in the making.

Now they just need to get some profit in..
close at $1.30m as at 10May 2013...will head higher according to Ms Saw at agm recently..full potential not realised..over the years no new shares issues via placement,rights,etc and at its peak was like cerebos > $4,will it be worth investing...?

 Useful To Me  Not Useful To Me
starlene
Elite
10-May-2013 23:28     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin
Wildreamz  wrote:
Good call to TS, insider trading of a stock that is:

1) Trading significantly below NAV and tangible asset.
2) High dividend payout track record.
3) Low P/E
4) Low Debt to Equity

Auric Pacific Group Ltd (AURI.SI) Financials | Reuters.com

This might really be a classic Peter Lynch turnaround stock in the making.

Now they just need to get some profit in..
close at $1.30m as at 10May 2013...will head higher according to Ms Saw at agm recently..full potential not realised..over the years no new shares issues via placement,rights,etc and at its peak was like cerebos > $4,will it be worth investing...?
 Useful To Me  Not Useful To Me


shareflux
Member
08-May-2013 00:07     
 
shareflux About Contact  Quote this Post! Style: Combined   Mood: happy
  x 0
  x 0

 Alert Admin 		Good. The ships and archers are all ready, justing waiting för the eastern wind.....

starlene      ( Date: 07-May-2013 21:58) Posted:

True to Ms Saw''s words..4500mil revolving credit..something brewing..http://auric.listedcompany.com/news.html/id/350493
 Useful To Me  Not Useful To Me
starlene
Elite
07-May-2013 21:58     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		True to Ms Saw''s words..4500mil revolving credit..something brewing..http://auric.listedcompany.com/news.html/id/350493
 Useful To Me  Not Useful To Me
shareflux
Member
01-May-2013 21:01     
 
shareflux About Contact  Quote this Post! Style: Combined   Mood: happy
  x 0
  x 0

 Alert Admin 		Starlene, i dont know about u, reading your post got me excited about Auric already. Will study the fundamental and see the star in the sky for a good entry point. Thanks for the upz...

starlene      ( Date: 25-Apr-2013 22:28) Posted:



AGM at Mandarain Hotel 25April-The star is Ms Saw Phaik Hwa,extolled her marketing plan to bring back Auric to her heydays-she asked shareholders not to sell the shares-if not for the blackout period she would still buy at current price $1.28,someone asked will hit $1.80,she remarked more than that-Co explored Revolving Credit Term for readily use which is also way below bank's rate-she is clearly the right fix for Auric's core food and retail business especially with her " army" of new blood injected into the company.When asked why no analysts'coverage for Auric,she not keen as she wants to polish Auric up to its heydays before getting the analysts to be excited.She has 270,000 shares in Auric from May 1,2012 when she first joined till todate-She also shared her purchases of SMRT at 60cts and watched it shot to a high of $2.30 when her friends alreday sold off at 90cts and then regretted when SMRT never dropped to 90cts again,she qualifed baring unforseen circumstances eg another SARS,Auric should see more upside

 

All shareholders and proxy went home with a $30 Delifrance  voucher ..not bad haha..in the past I understand they gave all their food products-Delifrance bread,Ovaltine,etc
 Useful To Me  Not Useful To Me


starlene
Elite
01-May-2013 20:49     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Ex dividend on 30April..at teabreak during AGM many aske what's the upside ..one investors promptly shouted $1.80..Ms Saw,replied she has big plans but baring unforeseen like another SARS,much more than $1,80 but refused to give exact prize,,She intended to go for revolving credit $500mil at lower than bank's interest to expand Auric ...added that she wanted to buy more but was affected by the black out period-before and after release of results directors not allowed to buy..good sign but be warned the counter thinly traded not easy to get more shares,over >15 years its paid up remain $125mil with no rights issues or bonus issues at all..NTA at about $1.80 I think it's quite safe still to buy,preferably $1.25

starlene      ( Date: 25-Apr-2013 22:28) Posted:



AGM at Mandarain Hotel 25April-The star is Ms Saw Phaik Hwa,extolled her marketing plan to bring back Auric to her heydays-she asked shareholders not to sell the shares-if not for the blackout period she would still buy at current price $1.28,someone asked will hit $1.80,she remarked more than that-Co explored Revolving Credit Term for readily use which is also way below bank's rate-she is clearly the right fix for Auric's core food and retail business especially with her " army" of new blood injected into the company.When asked why no analysts'coverage for Auric,she not keen as she wants to polish Auric up to its heydays before getting the analysts to be excited.She has 270,000 shares in Auric from May 1,2012 when she first joined till todate-She also shared her purchases of SMRT at 60cts and watched it shot to a high of $2.30 when her friends alreday sold off at 90cts and then regretted when SMRT never dropped to 90cts again,she qualifed baring unforseen circumstances eg another SARS,Auric should see more upside

 

All shareholders and proxy went home with a $30 Delifrance  voucher ..not bad haha..in the past I understand they gave all their food products-Delifrance bread,Ovaltine,etc
 Useful To Me  Not Useful To Me
starlene
Elite
25-Apr-2013 22:28     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

AGM at Mandarain Hotel 25April-The star is Ms Saw Phaik Hwa,extolled her marketing plan to bring back Auric to her heydays-she asked shareholders not to sell the shares-if not for the blackout period she would still buy at current price $1.28,someone asked will hit $1.80,she remarked more than that-Co explored Revolving Credit Term for readily use which is also way below bank's rate-she is clearly the right fix for Auric's core food and retail business especially with her " army" of new blood injected into the company.When asked why no analysts'coverage for Auric,she not keen as she wants to polish Auric up to its heydays before getting the analysts to be excited.She has 270,000 shares in Auric from May 1,2012 when she first joined till todate-She also shared her purchases of SMRT at 60cts and watched it shot to a high of $2.30 when her friends alreday sold off at 90cts and then regretted when SMRT never dropped to 90cts again,she qualifed baring unforseen circumstances eg another SARS,Auric should see more upside

 

All shareholders and proxy went home with a $30 Delifrance  voucher ..not bad haha..in the past I understand they gave all their food products-Delifrance bread,Ovaltine,etc
 Useful To Me  Not Useful To Me
starlene
Elite
24-Apr-2013 17:08     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Anything to ask Albert Cheok or Ms Saw at tmr's AGM...hope the share price cross $1.30..today at $1.28

starlene      ( Date: 05-Apr-2013 10:17) Posted:

Need impetus to break $1.30 convincingly..AGM nearing soon exact date not known..typical of this stock go up 10-15cts near AGM,unless new things announced-safe at current price

starlene      ( Date: 02-Apr-2013 14:45) Posted:

The buyer at $1.285 has shifted up tyo $1.3
 Useful To Me  Not Useful To Me
starlene
Elite
05-Apr-2013 10:17     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Need impetus to break $1.30 convincingly..AGM nearing soon exact date not known..typical of this stock go up 10-15cts near AGM,unless new things announced-safe at current price

starlene      ( Date: 02-Apr-2013 14:45) Posted:

The buyer at $1.285 has shifted up tyo $1.30

starlene      ( Date: 02-Apr-2013 12:16) Posted:

Not too late to accumulate..u hve no regrets at $1.31..by AGM u dont get this price always the case
 Useful To Me  Not Useful To Me


starlene
Elite
02-Apr-2013 14:45     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		The buyer at $1.285 has shifted up tyo $1.30

starlene      ( Date: 02-Apr-2013 12:16) Posted:

Not too late to accumulate..u hve no regrets at $1.31..by AGM u dont get this price always the case
 Useful To Me  Not Useful To Me
starlene
Elite
02-Apr-2013 12:16     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Not too late to accumulate..u hve no regrets at $1.31..by AGM u dont get this price always the case
 Useful To Me  Not Useful To Me
starlene
Elite
27-Mar-2013 11:06     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Thinly traded but once it moves it's unstoppable..seems few pple understand the potential of Auric

starlene      ( Date: 11-Mar-2013 13:32) Posted:

touch $1.30 again as AGM date draws nearere time to cross $1.40

starlene      ( Date: 05-Mar-2013 19:37) Posted:



The Bull not dead yet..Auric will soar again..

 
A New Bull Market
By Brian Hicks | Monday, March 4th, 2013
Brian Hicks

The Dow is about 100 points from last Friday's close to making an all-time record high.

The last record high in the Dow occurred way back on October 11, 2007. On that day, it hit an intraday high of 14,198.

Mark my words: Stocks are headed for new highs. And we're in a new bull market.

It's time to get super net long the market.

I told you this on December 17, 2012... and again on January 7 of this year in a Wealth Daily article titled, " Billionaire Says 2013 Will Be Good."

In my Dec. 17 report, I gave you my top 10 investments for 2013 that were about to rocket higher.

With the exception of gold, silver, and mining stocks, all are up. And one specific recommendation — gun stocks— have destroyed the averages: Ruger is up 27% since December 17 compared to +7% for the Dow in that period.

Advertisement

Extinct Just 8 Years from Now!

That's how long it will take for the supply of silver to be completely wiped off the face of the earth, according to the U.S. Geological Survey.

That's why you need to be buying silver right now — only not in the way that you think...

Click here now to discover the best and most lucrative way you can own silver for less than a $1.

Let's review some of those investments...

Here are the top 10 investments I gave you:

  1. Housing – and everything associated with it, like timber

  2. REITs

  3. MLPs – especially oil and gas pipelines

  4. Gold and silver – the Fed is doubling its bond buying, which should dilute



 Useful To Me  Not Useful To Me
starlene
Elite
11-Mar-2013 13:32     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		touch $1.30 again as AGM date draws nearere time to cross $1.40

starlene      ( Date: 05-Mar-2013 19:37) Posted:



The Bull not dead yet..Auric will soar again..

 
A New Bull Market
By Brian Hicks | Monday, March 4th, 2013
Brian Hicks

The Dow is about 100 points from last Friday's close to making an all-time record high.

The last record high in the Dow occurred way back on October 11, 2007. On that day, it hit an intraday high of 14,198.

Mark my words: Stocks are headed for new highs. And we're in a new bull market.

It's time to get super net long the market.

I told you this on December 17, 2012... and again on January 7 of this year in a Wealth Daily article titled, " Billionaire Says 2013 Will Be Good."

In my Dec. 17 report, I gave you my top 10 investments for 2013 that were about to rocket higher.

With the exception of gold, silver, and mining stocks, all are up. And one specific recommendation — gun stocks— have destroyed the averages: Ruger is up 27% since December 17 compared to +7% for the Dow in that period.

Advertisement

Extinct Just 8 Years from Now!

That's how long it will take for the supply of silver to be completely wiped off the face of the earth, according to the U.S. Geological Survey.

That's why you need to be buying silver right now — only not in the way that you think...

Click here now to discover the best and most lucrative way you can own silver for less than a $1.

Let's review some of those investments...

Here are the top 10 investments I gave you:

  1. Housing – and everything associated with it, like timber

  2. REITs

  3. MLPs – especially oil and gas pipelines

  4. Gold and silver – the Fed is doubling its bond buying, which should dilute



starlene      ( Date: 01-Mar-2013 09:16) Posted:

As long as stay > $1.30 upside is unlimited..,thos who bgt in 2012 same timeas Ms Saw will make $$$ liao plkus dividends soo
 Useful To Me  Not Useful To Me
starlene
Elite
05-Mar-2013 19:37     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

The Bull not dead yet..Auric will soar again..

 
A New Bull Market
By Brian Hicks | Monday, March 4th, 2013
Brian Hicks

The Dow is about 100 points from last Friday's close to making an all-time record high.

The last record high in the Dow occurred way back on October 11, 2007. On that day, it hit an intraday high of 14,198.

Mark my words: Stocks are headed for new highs. And we're in a new bull market.

It's time to get super net long the market.

I told you this on December 17, 2012... and again on January 7 of this year in a Wealth Daily article titled, " Billionaire Says 2013 Will Be Good."

In my Dec. 17 report, I gave you my top 10 investments for 2013 that were about to rocket higher.

With the exception of gold, silver, and mining stocks, all are up. And one specific recommendation — gun stocks— have destroyed the averages: Ruger is up 27% since December 17 compared to +7% for the Dow in that period.

Advertisement

Extinct Just 8 Years from Now!

That's how long it will take for the supply of silver to be completely wiped off the face of the earth, according to the U.S. Geological Survey.

That's why you need to be buying silver right now — only not in the way that you think...

Click here now to discover the best and most lucrative way you can own silver for less than a $1.

Let's review some of those investments...

Here are the top 10 investments I gave you:

  1. Housing – and everything associated with it, like timber

  2. REITs

  3. MLPs – especially oil and gas pipelines

  4. Gold and silver – the Fed is doubling its bond buying, which should dilute



starlene      ( Date: 01-Mar-2013 09:16) Posted:

As long as stay > $1.30 upside is unlimited..,thos who bgt in 2012 same timeas Ms Saw will make $$$ liao plkus dividends soon

starlene      ( Date: 28-Feb-2013 11:40) Posted:

Return to profitability the qtr to Dec with net earnings $14.55mil,compared with a loss of $1.1mil loss in the year-ago quarter.NTA rose to $1.87 from 1.79,a tax exempt of 3cts per share
 Useful To Me  Not Useful To Me
starlene
Elite
01-Mar-2013 09:16     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		As long as stay > $1.30 upside is unlimited..,thos who bgt in 2012 same timeas Ms Saw will make $$$ liao plkus dividends soon

starlene      ( Date: 28-Feb-2013 11:40) Posted:

Return to profitability the qtr to Dec with net earnings $14.55mil,compared with a loss of $1.1mil loss in the year-ago quarter.NTA rose to $1.87 from 1.79,a tax exempt of 3cts per share
 Useful To Me  Not Useful To Me
starlene
Elite
28-Feb-2013 11:40     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Return to profitability the qtr to Dec with net earnings $14.55mil,compared with a loss of $1.1mil loss in the year-ago quarter.NTA rose to $1.87 from 1.79,a tax exempt of 3cts per share
 Useful To Me  Not Useful To Me
starlene
Elite
28-Feb-2013 09:51     
 
starlene About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Must slowly buy becoz once cum cd ,U wont get at current price $1.345..will slowly creep up from here

starlene      ( Date: 27-Feb-2013 21:05) Posted:

Chairman's Statement Extracted from Annual Report 2011 On behalf of the Board of Directors of Auric Pacific Group Limited (“APGL”), I am pleased to present the Group's Financial and Operations Review for the financial year ended 31 December 2011. Business Overview Asian economies, particularly Singapore, Malaysia and Hong Kong where APGL has a presence, generally continued to remain strong over the year despite concerns that ongoing uncertainties in global economies could filter into these markets. Inflation and rising living costs remain the region's strongest threat, with new entrants into the food and beverage sector significantly adding to, and intensifying, market competition for the Group's products and services. Against this backdrop, the Group turned in a positive performance. Financial Review During the year in review, Group revenue grew 0.3% or $1.3 million over the last financial year, from $381.8 million to $383.1 million. Despite encountering lower revenue contributions from our Wholesale and Distribution segment, the Group was able to augment annual revenue further with interest income generated from the Group's investment strategy to acquire and profit from real estate and real estate-related assets globally. Profit before tax attributable to shareholders for the financial year ended 31 December 2011 rose 15.6% over the previous year, from $9.6 million to $11.1 million. The improvement was mainly due to the Group's divestment of its stakeholding in Keisha Limited, originally purchased in 2007 for potential capital gains from Keisha's proposed listing. With these listing plans put on hold as a result of the global financial crisis in 2008 and 2009, the Group prudently divested this shareholding for $7.8 million, of which $1.9 million is attributed to foreign exchange gain, thus enabling the Group to add to earnings while consolidating its strategic focus on its core businesses. Group profitability was, however, eroded by lower profit returns from both the Manufacturing and Food Retail segments. In the Manufacturing segment, gross profit retracted due in large part to higher raw material costs as well as higher advertising and promotional expenses incurred during the year. Concurrently, our Food Retail segment saw lower profit for the year in comparison to FY2010. The Group's total equity of $246.2 million as at 31 December 2011 was attributable to gains on our Keisha divestment as well as profit returns from our operations. This was offset by the Group's half-year dividend payout of $3.8 million, the purchase of treasury shares by a subsidiary amounting to $1.5 million, as well as unrealised translation losses due to the weakening of foreign currencies such as the US Dollar and the Malaysian Ringgit. Net asset value per ordinary share based on the total number of issued shares as at 31 December 2011 rose to $1.79 from $1.77, while earnings per share on a fully diluted weighted average basis was 6.82 cents compared to 5.01 cents last year. The Group's cash and cash equivalents rose to $56.0 million from $52.9 million for the last financial year. Food-related businesses Wholesale and Distribution The discontinuation of its telco card business from April 2010 saw Group revenue for its Wholesale and Distribution segment retract for the year in review. The segment also experienced lower profit in FY2011, attributed both to higher advertising and promotional expenses across the business, as well as disrupted supplies of certain products. Auric Pacific Marketing, the Singapore arm of the Group's wholesale and distribution business, enjoyed revenue and profit growth for the year. This was a result of key agency brands delivering a strong performance via a greater focus on a more profitable brand and product mix, together with effective cost management to control operating expenses and manpower costs. Concurrently, the Group was able to mitigate any retail chain margin squeeze with good inventory management and the implementation of productivity improvement initiatives. Despite the discontinuation of several principals in FY2011, Auric Chun Yip, the Malaysia arm of the Group's wholesale and distribution business also recorded a positive performance for the year, introducing new house brand products, generically growing existing agency lines, and acquiring several new agencies. House Brands The Group's dairy spread and margarine house brands, Buttercup and SCS Butter, continued to generate good revenue and profit returns for the Group, due largely to the implementation of strategic promotions over the year as well as the good working relationships the Group has built up with key accounts. This was despite supply shortages and inconsistencies for butter products, an appreciation of the Australian dollar in which the Group purchases its dairy raw materials, as well as several substantial price increases. Manufacturing Profitability for the Group's Sunshine Bakeries business continued to be eroded by rising operational costs as well as higher pricing pressure from both domestic and foreign competitors. To address these issues, the Group is continuing to develop and introduce higher margin items such as walnut bread and wholemeal cream rolls into its product mix. For Auric Pacific Food Processing, the Group's Buttercup dairy spread manufacturing arm in Malaysia, margins continued to be trimmed by rising prices for key ingredients and the appreciation of the Australian dollar. However, Buttercup continues to dominate the Malaysian butter blend market in terms of sales, with the company planning to leverage its brand strength to promote new variants going forward. Food Retail The influx of new entrants in the food retail segment intensified market competition for the Group during the year. Accordingly, a restructuring exercise was undertaken to ensure optimal utilisation of our manufacturing and retail facilities, and improve our pricing competitiveness. Our Delifrance outlets in Shanghai and Thailand were wound down, with the objective of developing more cafés and kiosks in our key markets of Singapore, Malaysia and Hong Kong. Contemporary design concepts and menu innovations were also introduced to enhance the Delifrance gourmet experience. Delifrance Singapore turned in positive results for FY2011 as a result of this segment's Enhanced Cafe Concept strategy implemented in FY2010, winding down its last bistro in November, adding three new outlets and revamping another two. It now operates a total of 28 cafes, takeaway kiosks and bake-off corners, with Delifrance Express Corners now found in 61 petrol stations and 13 Cheers convenience stores across Singapore. Delifrance Malaysia's new plant is now fully operational and it has concurrently enhanced its branding initiatives with a new corporate identity, sustainable promotions and abovethe- line sponsored media placements. Although a decrease in sales was posted for the year in review, it has nurtured strategic partnerships and built up good inter-company synergies with the Singapore division, efforts which are expected to help it enhance revenue in the year ahead. As a result of strong consumption demand in the Hong Kong market, Delifrance Hong Kong registered double-digit yearon- year same store growth for FY2011. Additionally, despite the rising rental market limiting its outlets from 36 in FY2010 to 34 this year thereby affecting revenues, it was still able to post profit growth for the year, due in part to new menu additions designed to enhance its French café branding. Food Court Under the Food Court segment, Group subsidiary, Food Junction Holdings, posted profit growth due mainly to the full year contributions from its newly opened food courts at the National University of Singapore and Nex Shopping Mall, as well as the improved performance of its existing food courts. As at end December 2011, the Group managed and operated a total of 19 food courts, 35 self-operated food court stalls (December 2010: 40) and 9 toast@work outlets. As at 31 December 2011, the Group's suite of food retail offerings include the revamped LP+Tetsu, 1 Malone's selfoperated restaurant, 2 soEZ cooking studios, the Lippo Chiuchow Chinese restaurant and a new mediterranean restaurant concept, Medzs. Since the start of the current financial year, the Group has already rolled out new restaurant concepts such as Eggs & Berries, and is expected to unveil several others in the year ahead as part of its ongoing strategy to expand its food service footprint in the region. Investment Activities On 11 November 2011, the Group subscribed for a 30% interest in DXS Capital Resources Fund, an exempt limited partnership that has secured copper mining concessions in Utah, USA. The subscription of US$ 7.32 million was made through our wholly-owned subsidiary Auric Pacific Realty Pte Ltd, in partnership with non-related parties Cosmica Holding Ltd and Grandbiz Investments Limited, both incorporated in the British Virgin Islands. The acquisition, which will see the Group secure a profit-sharing percentage in the Fund equal to 30% of all distributions available, enables it to leverage on new opportunities in the mining industry while generating better returns on its cash. Corporate Governance In FY2011, the Group reinforced its management capabilities with the appointments of Group CFO, Hee Siew Fong, previously Group Financial Controller CEO Delifrance Asia, Chan Chee Mun Timothy, previously Delifrance COO and CEO Food Group, Stephen Lim Say Kian. During the year, the Group also appointed Joyce-Lynn Yap Ping Sin as Group Legal Counsel and Company Secretary. On behalf of the Board, I would like to welcome them to the Auric Pacific team and look forward to their continued commitment to the Group's success. The Board of Directors would also like to express our appreciation to Group Managing Director and Company Director, Mr. Yao Che Wan who will relinquish these positions on 29 April 2012 on the expiry of his service contract. We would like to thank him for his 13 years of service and contributions to the Group, and wish him well in all his future endeavours. Prospects The global uncertainty in the food and beverage sector looks set to continue in the near term, with price competitiveness and rising raw material and commodity costs due to climatic change expected to inhibit margin gains for both retailers and brand owners. However, despite these ongoing pressures and the highly competitive nature of our industrial landscape, the Group will continue to reinforce its core business strengths to mitigate market risks, while innovating on new food manufacturing and retail concepts to enhance its operational scope. In this regard, the Group will put greater emphasis on the strategic selling of retail products with higher margin contributions. It will also develop more proprietary brands as a key engine for growth in FY2012. This will help the Group enhance its profit potential and reduce its reliance on agency brands. Concurrently, it will continue to manage rising costs and productivity levels as part of its efforts to sustain and improve profitability, while continuing to stay vigilant to new synergistic business opportunities that will help the Group develop to its full growth potential. Dividend For the financial year ended 31 December 2011, the Board proposes paying out a one-tier final dividend of 3 cents per ordinary share (tax exempt) as part of the Group's ongoing commitment to reward shareholders for their continued support. Subject to approval at our annual AGM, this dividend shall be paid on 24 May 2012. Acknowledgements Finally, I would like to thank the Board of Directors of Auric Pacific for their invaluable counsel and together with them, would like to express our gratitude to all our shareholders, customers, principals, union and business associates for their continued support. I would also like to thank our management team and all our staff for their continuous dedication and commitment to the Group. We look forward to your continued support in the year ahead. Albert Saychuan Cheok Chairman The Chairman is also CEO of First REIT

 Useful To Me  Not Useful To Me
                                                         First   < Newer   61-80 of 200   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.