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Bintan Resort International executive chairman, Brig. Gen. (ret) Chin Chow Yoon, said the company was investing some S$100 million (US$78.84 million) to build the airport in cooperation with Gallant Venture Ltd. The resort is a subsidiary of Gallant Venture.
Chin was upbeat that the special airport would increase the number of foreign tourists. There were 470,470 tourists visiting the resort in 2011 and it is expected the number will jump to 2 million in 2015.
The airport will be the first international special airport in Indonesia and will be able to accommodate airplanes with a flying range of five hours. The capacity will be increased to serve larger airplanes with a flying range of seven hours once it is operating properly.
The airport will be equipped with various facilities as at other international airports.
Well, I actually think otherwise. With a stronger Indonesian economy in the backdrop, this company is a beneficiary. However, it's past still haunts many speculative investor.
No CD announced... price movement is dead. Good luck.
Gallant: 4Q rev at $62.9m +44.3% yoy, net profit at $11.7m compared to 962k prev yr same quarter.
4Q results included the $19m sale of land announced on 30 Dec 2011 which boosted revenue offset by lower industrial parks rev. FY11 results were boosted by 4Q profits, with FY11 net profit at $8.3m recovering from a 9M loss.
Land inventories increased to $569.7m mainly on capitalization of development in Lagoi Bay.
Co now trades at P/B 0.6x
Moving up to 200MA........@0.33. Good luck.
I let it go yesterday to long advsct, in small profit already. Should reconsider whether you want to continue.
anybody know when the result out?if no action mean no good,,,,,im monital very close let or keep
catch up rally soon
after henta kaki ,,,,,,,,,,,,,,,,,,,monday moving liao,,,,,,,,,,,,,,,,,,,,,,hope akan datang result sui sui,,,,,,,,,,,,,,,,,huat huat,,,,,,,,,,,,,,,,,,,solid result
henta kaki lagi
must wait for kimeng coveratge
above 30cts soon
food going to harvest,,,,,tp will high after long invest in china beijing property and batam
Gallant's catalyst = Patient ? (source: Patience is key )
look like sound good,,,,,,,solid accummulate also
Gallant's Bintan Phuket-like resort gonna be ready in Feb 12
A lot of buying today & high volume also. Something going on....
i purcased it at 0.29, it looks pretty rocky. anyone shorted during the decline ?
Kim Eng will issue " BUY" call on this one tomorrow morning :)
Price will drop on Mon but will not be as scary as Nobel. Good luck.
rivera ( Date: 13-Nov-2011 12:35) Posted:
| Gallant Venture Ltd, developer of industrial estates in Batam and Bintan controlled by Salim Group, posted net loss of S$4.4 million
in the first nine months of 2011 on lower sales and higher financing costs.
According to the company's financial statement, it recorded sales revenue of S$140.5 million in Jan-Sep 2011, down 19.4% from the same period last year,
while cost of sales only declined 9.2%. As a result, Gallant's gross profit slashed 50% to S$21.7 million.
Higher operating expenses and finance costs cut its profit before tax by 78% to S$3.67 million, while tax expenses down slightly to S$8.1 million.
Gallant Venture had total assets of $1.68 billion as of September 30, 2011, with equity of S$1.27 billion.
"The industrial park business remains price competitive, but there are renewed interests in industrial spaces located in Batam, Indonesia.
The group is confident on future land sales in the next 12 months, but the land sales recognition may not be realized in the current financial year,"
Gallant argued. |
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