GP Hotels   

Global Premium Hotels - GPH - (SGX Code: P9J)

Normally buy $6000 worth of shares or more as there is a minimum charge of $25 regardless of the value

cobrajr      ( Date: 07-Feb-2013 19:06) Posted: about same lar +- $1/- yiming2000      ( Date: 07-Feb-2013 14:45) Posted: Hey guys, I just bought 10000 shares of GP Hotel at 0.27 and was charged a whopping commission of $28.14 by OCBC. Isn't that a bit high? What are the usual brokerage rates you guys pay?

 

about same lar +- $1/-

yiming2000      ( Date: 07-Feb-2013 14:45) Posted: Hey guys, I just bought 10000 shares of GP Hotel at 0.27 and was charged a whopping commission of $28.14 by OCBC. Isn't that a bit high? What are the usual brokerage rates you guys pay?

 

Hey guys, I just bought 10000 shares of GP Hotel at 0.27 and was charged a whopping commission of $28.14 by OCBC. Isn't that a bit high? What are the usual brokerage rates you guys pay?

 

Hi brenocav , u can check from SGX website . Anyway twelfth have show u.

 

http://www.bloomberg.com/quote/GPHL:SP

brenocav      ( Date: 06-Feb-2013 17:32) Posted: Churnw where did you see this? I'm having trouble finding any dividend information on this counter. Also, when is ex-div?? churnw      ( Date: 01-Feb-2013 20:27) Posted: Today I check . They giving 10 dollars for every 1 lot. At 0.265 , it every worthwhile . Buy buy to keep

 

Particulars :	SGD 0.0101 ONE-TIER TAX
Ex-date :	15 Apr 2013
Buy-In Last Cum Date :	17 Apr 2013
Record Date :	17 Apr 2013
Date Paid/Payable :	26 Apr 2013

 

Churnw where did you see this? I'm having trouble finding any dividend information on this counter. Also, when is ex-div??

churnw      ( Date: 01-Feb-2013 20:27) Posted: Today I check . They giving 10 dollars for every 1 lot. At 0.265 , it every worthwhile . Buy buy to keep

 

IPO on April 26 at 26cts,owns and operates economy hotels in Singapore under the " Fragrance brand' and also has mid-tier hotel under the " Parc Sovereign" brand..just 1 cts above its ipo..and has been giving peanuts dividends $2-$4 per 1000 shares..results out not much excitement will be range bound in trading

sanuks      ( Date: 01-Feb-2013 21:50) Posted:   GPH maintains competitive edge in Singapore   Global Premium Hotels’ CEO Lim Chee Chong said the company will continue to expand its Fragrance and Parc Sovereign brands. SINGAPORE—Being one of the largest hotel chains in Singapore might be a huge burden to carry for a country that relies heavily on tourism, but executives at Global Premium Hotels Limited aren’t worried. GPH’s emphasis on innovation, customer focus, and its recently introduced mid-tier brand, infuse the company with a competitive advantage, according to officials. In fact, GPH, a subsidiary of real estate development and hotel operations company Fragrance Group Limited, saw an occupancy rate of 90.5% for the nine months ending 30 September 2012, with an average daily rate of $104.30. “We have been developing and operating hotels in Singapore since 1995,” said CEO Lim Chee Chong via email. “Our established track record and reputation of providing affordable and value-for-money accommodations in terms of price, location, service and cleanliness have led to our Fragrance brand of hotels becoming well recognized in the local and regional hospitality industry.” Lim Chee Chong Global Premium Hotels Limited GPH has been around for 17 years and its long-standing reputation in Singapore is because of its emphasis on accommodating its customers while offering affordable rooms, Lim said.  “All our hotels are strategically located and rooms are furnished with essential amenities to provide our guests’ comfortable stay at affordable prices,” Lim said. “We strive to provide positive customer experience hence we place great importance on the room and service quality offered by our hotels.” Diversifying the brand Because the company focuses on efficiency, its expertise is on developing hotels quickly and inexpensively to optimize returns as quickly as possible. GPH manages a portfolio of 23 hotels of which 22 are operated under the economy-tier Fragrance brand. Not wanting to remain stagnant, GPH in 2011 introduced its first mid-tier brand hotel, the Parc Sovereign Hotel, which targets up-market business travelers. With a room count of 170, the hotel has been valued at $613.5 million. Upon completion of the Parc Sovereign Hotel at Tyrwhitt Road, the 265-room hotel will raise GPH’s room count by 15.2% to 2,003. “Growth through acquiring yield-accretive and quality assets has been the Group’s priority,” Lim said. “Over the next few years, we hope to increase the number of hotel rooms in our portfolio by approximately 10% annually. As such, we are constantly looking for suitable hotel sites in Singapore to expand our Fragrance and Parc Sovereign brand of hotels.” The company is also focused on attracting all types of travelers, catering to both leisure and business travelers. This requires building relationships with local and overseas travel agencies, Lim said, which helps promote the hotels worldwide. “Besides this, we target business travelers by entering into contractual agreements with corporations to provide accommodation for their staff when they are in Singapore.” Working closely with online travel agencies is another channel that promotes the hotels to independent travelers. Additionally, the company participates in tourism and trade conventions and exhibitions in the Asia/Pacific region, overseas road shows, consumer fairs and product update launches by the Singapore Tourism Board or National Association of Travel Agents. “These marketing activities are essential as they help us to identify the current market needs and preferences of present-day travelers so that we can adjust our products and service offerings to better suit their needs,” Lim said. Staying ahead of the competition According to the Singapore Tourism Board, the country will see between 13.5 million and 14.5 million visitors in 2012 and saw a record number of visits—13.2 million—in 2011. “To stay competitive, we have more variety and range of products being offered. … We have the advantage of different location offerings, different product range and we cater to a wider range of travelers,” Lim said. “We constantly upgrade our hotels to look fresh, clean and new to attract travelers. But Lim’s quest to ensure GPH’s standing as the largest chain in Singapore is motivated by the competitive edge the hotel has. To him, it’s the constant innovation the company is committed to that will keep them ahead of the competition. “Our desire to be the preferred hotel of choice drives us to come up with new ways to provide the best value and comfort.” This desire to be the premier hotel in Singapore was the force behind the reopening of its oldest hotel—the 168-room Fragrance Hotel Ruby in December. The revamped hotel offers a first-of-its-kind concept, dedicating two executive floors to travelers looking for more exclusive accommodations by providing free Wi-Fi, smart TVs and a pillow choice option. “We are conscious of the options that travelers have and continuously look to enhance our facilities and services for the best of our customers,” Lim said. “As part of our strategy, we would like to create more options for our travelers by offering different room categories to cater to the various needs. If our customers would like to utilize more amenities, have access to better view or privacy, they can opt to upgrade at a slightly higher price. The selection will allow customers the flexibility to customize their stay thereby differentiating us from other hotels in the same category.”

 

Compare this CDL H trust . They focus in mid tier . So even when recession , high tier will cut cost and stay in mid tier.

 

Returns on the long run

 

GPH maintains competitive edge in Singapore

Global Premium Hotels’ CEO Lim Chee Chong said the company will continue to expand its Fragrance and Parc Sovereign brands.

SINGAPORE—Being one of the largest hotel chains in Singapore might be a huge burden to carry for a country that relies heavily on tourism, but executives at Global Premium Hotels Limited aren’t worried.

GPH’s emphasis on innovation, customer focus, and its recently introduced mid-tier brand, infuse the company with a competitive advantage, according to officials.

In fact, GPH, a subsidiary of real estate development and hotel operations company Fragrance Group Limited, saw an occupancy rate of 90.5% for the nine months ending 30 September 2012, with an average daily rate of $104.30.

“We have been developing and operating hotels in Singapore since 1995,” said CEO Lim Chee Chong via email. “Our established track record and reputation of providing affordable and value-for-money accommodations in terms of price, location, service and cleanliness have led to our Fragrance brand of hotels becoming well recognized in the local and regional hospitality industry.”

Lim Chee Chong Global Premium Hotels Limited

GPH has been around for 17 years and its long-standing reputation in Singapore is because of its emphasis on accommodating its customers while offering affordable rooms, Lim said. 

“All our hotels are strategically located and rooms are furnished with essential amenities to provide our guests’ comfortable stay at affordable prices,” Lim said. “We strive to provide positive customer experience hence we place great importance on the room and service quality offered by our hotels.”

Diversifying the brand
Because the company focuses on efficiency, its expertise is on developing hotels quickly and inexpensively to optimize returns as quickly as possible.

GPH manages a portfolio of 23 hotels of which 22 are operated under the economy-tier Fragrance brand. Not wanting to remain stagnant, GPH in 2011 introduced its first mid-tier brand hotel, the Parc Sovereign Hotel, which targets up-market business travelers. With a room count of 170, the hotel has been valued at $613.5 million.

Upon completion of the Parc Sovereign Hotel at Tyrwhitt Road, the 265-room hotel will raise GPH’s room count by 15.2% to 2,003.

“Growth through acquiring yield-accretive and quality assets has been the Group’s priority,” Lim said. “Over the next few years, we hope to increase the number of hotel rooms in our portfolio by approximately 10% annually. As such, we are constantly looking for suitable hotel sites in Singapore to expand our Fragrance and Parc Sovereign brand of hotels.”

The company is also focused on attracting all types of travelers, catering to both leisure and business travelers. This requires building relationships with local and overseas travel agencies, Lim said, which helps promote the hotels worldwide.

“Besides this, we target business travelers by entering into contractual agreements with corporations to provide accommodation for their staff when they are in Singapore.”

Working closely with online travel agencies is another channel that promotes the hotels to independent travelers. Additionally, the company participates in tourism and trade conventions and exhibitions in the Asia/Pacific region, overseas road shows, consumer fairs and product update launches by the Singapore Tourism Board or National Association of Travel Agents.

“These marketing activities are essential as they help us to identify the current market needs and preferences of present-day travelers so that we can adjust our products and service offerings to better suit their needs,” Lim said.



Staying ahead of the competition
According to the Singapore Tourism Board, the country will see between 13.5 million and 14.5 million visitors in 2012 and saw a record number of visits—13.2 million—in 2011.

“To stay competitive, we have more variety and range of products being offered. … We have the advantage of different location offerings, different product range and we cater to a wider range of travelers,” Lim said. “We constantly upgrade our hotels to look fresh, clean and new to attract travelers.

But Lim’s quest to ensure GPH’s standing as the largest chain in Singapore is motivated by the competitive edge the hotel has. To him, it’s the constant innovation the company is committed to that will keep them ahead of the competition.

“Our desire to be the preferred hotel of choice drives us to come up with new ways to provide the best value and comfort.”

This desire to be the premier hotel in Singapore was the force behind the reopening of its oldest hotel—the 168-room Fragrance Hotel Ruby in December. The revamped hotel offers a first-of-its-kind concept, dedicating two executive floors to travelers looking for more exclusive accommodations by providing free Wi-Fi, smart TVs and a pillow choice option.

“We are conscious of the options that travelers have and continuously look to enhance our facilities and services for the best of our customers,” Lim said.

“As part of our strategy, we would like to create more options for our travelers by offering different room categories to cater to the various needs. If our customers would like to utilize more amenities, have access to better view or privacy, they can opt to upgrade at a slightly higher price. The selection will allow customers the flexibility to customize their stay thereby differentiating us from other hotels in the same category.”

 

  Here's what staff cost hike did to Global Premium Hotels

EBIT margin fell to 50.7%.

According to OCBC, Global Premium Hotels (GPH) performed in line with the firm's  expectations in 4Q12. 4Q12 revenue increased by 6.8% YoY to  S$15.2m, while gross profit margin declined 1.4 ppt YoY to 86.1%.

EBIT margin fell 1.4 ppt YoY to 50.7%, partially due to increase in  staff costs in relation to the general wage increases and additional  staff required for Fragrance Riverside.

Here's more from OCBC:

Hotel room revenue  increased by S$1.2m YoY, due mainly to a S$1.4m increase inrevenue fro m Fragrance Emerald (underwent renovations in late  2011), Parc Sovereign Hotel, and Fragrance Riverside (latter two  hotels opened in Feb 2011 and Nov 2011 respectively).

The  performance of the remaining hotels was affected by the temporary  closure of Fragrance Ruby for an asset enhancement initiative.

As we expected, FY12 DPU is 1.4 S cents, translating into a dividend  yield of 5.2% (80% payout ratio of net profit after tax).

Management has not yet articulated dividend policy for FY13 and  beyond. We assume a payout ratio of 10%, giving a FY13F dividend  yield of 0.6%.

As part of comprehensive income in 4Q12, revaluation of the land  and hotel buildings led to a gain of S$83.7m, equivalent to 10.1%  of 30 Sep 2012's PPE. The revaluation gain contributed to a  dramatic 25% QoQ climb in NAV per share to 38.98 S cents.

22 of  the 23 hotels run by GPH are wholly owned by the group (including  one Parc Sovereign Mid-tier hotel) 19 are on freehold sites, one is  on a 999-year leasehold site and two are on 99-year leasehold  sites.

While we are cautious about the 1H13 outlook for the  Singapore hospitality sector, GPH is trading at an undemanding P/B  of 0.69x.

 

Capital gain is High . Recession proof . Same like maxi cash.

 

MARKET PULSE: Global Premium Hotels (1 Feb 2013)

OCBC Investment Research


By Low Pei Han
Fri, 1 Feb 2013, 08:28:28 SGT


Global Premium Hotels: Asset value play, raise FV to S$0.33
Global Premium Hotels (GPH) performed in line with our expectations in 4Q12. 4Q12 revenue increased by 6.8% YoY to S$15.2m. EBIT margin fell 1.4 ppt YoY to 50.7%, partially due to increase in staff costs in relation to the general wage increases and additional staff required for Fragrance Riverside. As part of comprehensive income in 4Q12, revaluation of the land and hotel buildings led to a gain of S$83.7m, equivalent to 10.1% of 30 Sep 2012's PPE. The revaluation gain contributed to a dramatic 25% QoQ climb in NAV per share to 38.98 S cents. Lowering our capitalisation rates, which were previously too conservative, especially given that the majority of GPH's properties are freehold, we raise our FV from S$0.29 to S$0.33 (using a 10% discount to RNAV) and maintain a BUY on GPH. GPH is trading at an undemanding P/B of 0.69x. (Sarah Ong)


 

 

Today I check . They giving 10 dollars for every 1 lot. At 0.265 , it every worthwhile . Buy buy to keep

 

Its shares 6713mil > keppel corp(1783mil) and Capitalland(4250mil) and almost equal to Keppel and Capitalland combined,switch to its son,Global Premium Hotel or Maxi-Cash will be better..not vested in Fragrance anymore

sanuks      ( Date: 31-Jan-2013 20:46) Posted: Dividend Value Payment Type Dividend Type Financial Year End Dividend Number Tax Exemption Clause SGD 0.0101 Per 1 Ordinary share Tax Exempted (1-tier) Final 31/12/2012 NA Tax-exempted (one-tier tax) dividend   Record Date * 17-04-2013   Record Time * 17:00   Date Paid/Payable (if applicable) 26-04-2013

 

Patience is the key...

 

Not much movement. Unexpected!

 

Maybe we can expect at least 1.6cents dividen this year..April .may..Aug.Nov...so buy if u can hold as uobkh target 34cents..future will be brighter as they going to buy more hotels..vested for dividen yield and koh family stock

 

my opinion is 40 cents at least + divident

 

ody2004      ( Date: 01-Feb-2013 06:03) Posted: So safe to buy at current price? smallsgshare      ( Date: 31-Jan-2013 22:18) Posted: " NAV per share of $0.39 as at 31 December 2012"   So there is much room for the price to go up!