Post Reply
141-155 of 155
dead man walking.... inching up to .255 Cents.
James Koh Wee Meng - happy face ....
Photo from AsiaOne
Fragrance Hotels major competitor, Hotel 81.
Hotel mogul Choo Chong Ngen with his daughter Carolyn. Mr Choo, the owner of Hotel 81, has donated $2 million to found a new educational bursary for students at the Nanyang Technological University (NTU). -- PHOTO: COURTESY OF CHOO CHONG NGEN (Straits Times)
For no reasons, this counter spike up from IPO low ...... speculators at play? or BB at play?
Tourism in Singapore, a S$22 billion business, serviced by many SGX stocks
In the latest ‘Recent Economic Developments in Singapore’ by the Monetary Authority of Singapore,tourism-related services in Q1 2012 were observed to grow strongly with tourist arrivals reaching 3.6 million and hotel occupancy rates at a seasonally adjusted, 20 year high, of 88.5%.
The full economic report can be accessed here . The Q1 2012 performance follows on from a record 13.6 million tourist arrivals in Singapore over the 2011 year and a hotel occupancy rate of 86.5%.
Singapore investors who seek to determine the degree that stocks that have businesses aligned with tourism may: (1) Follow publications from the Singapore Tourism Board (STB) (2) Apply the Industrial Classification Benchmark (ICB) and (3) Seek assistance from their financial adviser and brokers: STB - Not only does the STB website note some of the exciting events ahead for the City State, performance and receipt reports for the sector are regularly published.
In March, STB forecast ‘S$23 to S$24 billion in tourism receipts and 13.5 to 14.5 million visitor arrivals for 2012’. In 2011, tourism receipts amounted to S$22.3 billion. Contributions came from shopping (20%), accommodation (20%), food & beverage (10%), sightseeing, entertainment & gaming (24%) and other components (26%), such as airfares, port taxes and local transportation.
Real Estate Investment Trusts listed on Singapore Exchange (SGX) that invest in Singapore shopping malls were discussed in a market update in May which can be found directly here . Other vendors of receipt revenue generally fall within the consumer services segment of the stock market. As of market open this morning, the FTSE ST REIT Index was up 12.8% in the year-to-date and the FTSE ST Consumer Services Index was down 0.6% in the year-to-date.
This counter falls slow and steady.
Understand your rational.Best is to invest in both counters.
Correct me if i am wrong.
Fragrance Group - Residential and Industrial Developer (Cyclical) - I thought property developer industry is to slow down soon?
Global Premium Hotels - Love Hotel.(Defensive) - Regardless of economy cycle, people like Former Singapore Civil Defence Force chief Peter Lim Sin Pang will look for place to settle his needs. ha ha ha
Fragrance Group outstanding shares is 3.36 Billions now. Isnt that a little too high? If its share risen to 1.00 SGD. The founder wealth will double from where he is now. Great way to grow wealth.
starlene ( Date: 08-Jun-2012 13:37) Posted:
|
Better to buy the mother Fragrance ex dividend 4 June still at 45cts and with1 for 1 bonus waiting for shareholders approval as SGX already appioved liao..when cum bonus likley to be 70cts again...as based on current price 45cts unlilley after ex Frgarnce shares at 22.5cts9half of 45cts) which is lower than GPH...
Company: Global Premium Hotels (www.gphl.com.sg)
Announcement: 07-Jun-2012 20:59:26
Announcement Title: Utilisation of Company’s Initial Public Offering (“IPO”) proceeds
Global Premium Hotels Limited (“the Company”) wishes to announce that of the net proceeds of
S$125.3 million raised from the IPO (the “Proceeds”), an amount of S$10.0 million has been utilised
as partial purchase consideration to fund the proposed acquisition of the entire issued and paid-up
share capital of Fragrance Heritage Pte. Ltd. (“FHPL”) from Fragrance Group Limited (“FGL”)
pursuant to a Share Transfer Agreement dated 24 May 2012 (the “Share Transfer Agreement”).
FHPL is a special purpose vehicle whose sole assets comprise the development site known as Lots
269A and 280C Town Subdivision 17 at 165 & 167 Tyrwhitt Road Singapore (the “Property”) and
bank deposits. The completion of the Share Transfer Agreement (the “Completion”) is conditional
upon, inter alia, the approval from shareholders of the Company and FGL (where necessary), the
payment of outstanding loans owed by FHPL to FGL and the grant of written permission by the Urban
Redevelopment Authority to use the Property for hotel development (the “Conditions”). In the event
that the Conditions are not fulfilled and/or the Completion does not take place, the amount of $10.0
million shall be repaid by FGL to the Company.
This counter finally trading at .245 CENTS.
GP Hotels Announcement - 25-May-2012 03:54:53
-
Proposed acquisition of the entire issued and paid-up share capital of Fragrance Heritage Pte Ltd.
-
RATIONALE FOR THE ACQUISITION
-
The Directors are of the view that the Acquisition is in the best interests of the Company and
its shareholders as:
-
(a) the Acquisition will provide the Group with a prime site for the expansion of its hotel
business and
-
(b) the Property has been assessed by the Valuers as having a Gross Development
Value of approximately S$150,000,000, which is attractive in the context of the
purchase consideration.
- END -
Looks like this counter is going to fall below .255 CENTS.
GLOBAL PREMIUM HOTELS IPO: Insights into room pricing
- http://nextinsight.net/index.php/story-archive-mainmenu-60/916-2012/5172-global-premium-hotels-budget-hotel-scores-with-visitors-from-rapidly-developing-nations
NextInsight - Lots of insights from Q& A session
- http://www.nextinsight.net/index.php/story-archive-mainmenu-60/916-2012/5272-global-premium-hotels-
New Website - http://www.gphl.com.sg/