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popular's profits are up!
I agreed. Hairy bookshop is more a failure to me. Close down better, why open hairy to fight agaist own main popular? Nothing to play ah?
They got the cash, they just need to do more right business at the right enviroment condition. They should focus more on online education and learning system!
Think the bookshop business is not attractive anymore. Returns of investment no longer there. Smart of them to diversify more into property but at this time, not sure about the timing. Think their first at Robin Road also bad timing as they launched the sale right during the 2008 crisis and ended up not making much profit. Whatever was made was lost by their investment in Harris Bookstore....
Have also read that they have secured the name to the defunct Borders in Singapore for $100k. Must be to improve the branding as their Harris Bookshops did not work.
bsiong ( Date: 23-Sep-2011 11:19) Posted:
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I like popular too, but never invest before.
I always see many popular no matter which shopping centre i goes.
Maybe somedays, i will invest for long term. I got many extra cash to park around when times come :)
bsiong ( Date: 23-Sep-2011 11:19) Posted:
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Popular Holdings Limited announced that Popular Land Investment Pte Ltd, a wholly-owned subsidiary of the Company, had successfully acquired the freehold land located at 524 Kampong Bahru Road, Singapore 099455 together with the building thereon known as Permai Court , at a total purchase consideration of S$20.25 million. (Close: S$0.158,+1.94%)
/sgx