Post Reply
1-20 of 71
The Dubai Arbitral Tribunal has issued an award in favour of Banyan Tree in relation to its claim for the wrongful termination of the hotel hgt agreement for The Meydan (HMA) first announced in Nov 2009. The Meydan Group is liable to the sum of US$19.2m as compensatory damages, plus interest at 3% p.a. until fully paid. Separately, the Meydan Group has commenced counter lawsuits in the Dubai Courts against Banyan Tree. Banyan Tree will issue further announcement(s) in the event that there are any material developments in the matter.
BANYAN Tree Holdings Ltd on Tuesday posted a 163 per cent jump in net profit to S$1.7 million for the second quarter ended June 30, 2013 from S$644,000 a year ago.
Overall revenue rose by 3 per cent to S$81.7 million from S$79.3 million a year ago.
This was mainly driven by higher revenue from the hotel investments and fee-based segments by S$6.9 million and S$1.5 million respectively, but partially offset by lower revenue from the property sales segment by S$5.9 million.
The hotel investment segment achieved S$46.2 million in revenue this year, up 17 per cent from S$39.3 million last year, thanks to strong contributions from hotels in Thailand and Maldives.
Target price for the next rally: 0.85 and 0.95
Quietly moving up. Should clear 80cts these few days.
Suprisingly so few sellers above 70cts...could be the start of the long bull due to launching of new anchor resort hotels and condo in central vietnam and revival of its biz in Thailand....may see it clearing $1 in short term.
hmmm suddenly shoot up to 0.705
Cheers ( Date: 22-May-2013 10:19) Posted:
May Banyan tree bear fruits of 🎁 💝 ⭐ ✨ 🌟 💰
🎯 Target price 0.83 |
|
May Banyan tree bear fruits of 🎁 💝 ⭐ ✨ 🌟 💰
🎯 Target price 0.83
Have been monitoring an see steady collection between 66.5 and 67.5 cts..
Cheers ( Date: 16-May-2013 21:21) Posted:
| Banyan Tree: DBSV notes a strong 1Q13 results with earnings rising 19% to $14m. Sees outlook for hotels and property sales continuing on an upward momentum. Notes forward bookings for hotels improving while new property launches in Phuket are selling like hot cakes. Given its asset heavy balance sheet, the house believes that setting up a REIT (probably from its Thailand properties, coupled with properties from its Indochina and China Funds) can result in the group crystalizing significant value in its balance sheet. Maintains Buy and TP $0.83. |
|
Banyan Tree: DBSV notes a strong 1Q13 results with earnings rising 19% to $14m. Sees outlook for hotels and property sales continuing on an upward momentum. Notes forward bookings for hotels improving while new property launches in Phuket are selling like hot cakes. Given its asset heavy balance sheet, the house believes that setting up a REIT (probably from its Thailand properties, coupled with properties from its Indochina and China Funds) can result in the group crystalizing significant value in its balance sheet. Maintains Buy and TP $0.83.
Banyan Tree...our national treasure! Look forward to it spinning off a REIT
Charted Territory - 15 Mar 2011
Banyan Tree - Likely further correction after bearish breaks
Levels to Watch in Trading:
Resistance set at $0.97
Support set at $0.72
Stock Rating: No Rating
Target Px: NA
Last Closing Px: $0.92
52-week Px Ran $0.715 - $1.21
SGX Code: B58
BLP Code: BTH SP Equity
/OCBC IR/
this counter getting bought up by sovereign fund mah...
As I said people still prefer lossing money company..... just look at the share price and the company in red !! justify ??
People always prefer high PE stock !!
This counter went up quite alot last 2 days. Any good news?
Decided to sell mine as it has not been paying out dividends for quite some time.
Has been collecting dividends regularly from my other counters like Singpost and Starhub.
This counter has slowly climbed up to 0.86....
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
BANYAN TREE HOLDINGS LIMITED |
| Company Registration No. |
200003108H |
| Announcement submitted on behalf of |
BANYAN TREE HOLDINGS LIMITED |
| Announcement is submitted with respect to * |
BANYAN TREE HOLDINGS LIMITED |
| Announcement is submitted by * |
Jane Teah |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
13-May-2010 00:20:57 |
| Announcement No. |
00002 |
| The details of the announcement start here ... |
| For the Financial Period Ended * |
31-03-2010 |
| Description |
Attached are the following announcements:-
1. Unaudited results for the First Quarter ended 31 March 2010
2. News Release
|
| Attachments |
Total size = 1492K
(2048K size limit recommended)
|
This counter has been moving up over the last few days. Any news brewing?
Press Release
Dispute Regarding Bahrain Hotel Management Agreement
10 March and 8 April 2010,
Banyan Tree Holdings Limited (“BTH” or “Company”) wishes to announce that its
wholly-owned subsidiary, Banyan Tree Hotels & Resorts Pte. Ltd. (“BTHR”) has
terminated its Hotel Management Agreement (“HMA”) with Al Areen Holding Co.
B.S.C Closed (“Al Areen”) for Banyan Tree Bahrain with effect from 10 April 2010
(“Termination”).
The immediate Termination instead of a two-week period required under the HMA
was the result of Al Areen’s further breaching the HMA by taking over the resort
on 9 April which resulted in the infringements on the brand rights, and inconvenience
and confusion to the guests and associates, travel partners and suppliers.
The
Company therefore has no choice but to immediately cease its involvement with the
resort.
............................
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0F4A2D4122489176482577020052B0D2/$file/PressRelease.pdf?openelement
