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Metro
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tongphlp
Supreme |
03-Aug-2026 11:13
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meaning to go head on with property developers in singapore like Far East, CDL? Building its own grave..
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Joelton
Supreme |
03-Aug-2026 09:11
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Metro should abandon the retail business and focus on building condos [SINGAPORE] When I was growing up in Singapore in the 1970s and 1980s, visiting a Metro department store was a treat. Its array of goods available was mind-boggling. Often, mainboard-listed Metro : M01 0% was the go-to place for clothes for Chinese New Year, toys for Christmas and gifts for special occasions. When the extended family gathered for Christmas, the exchange of presents invariably involved numerous items that were bought at a Metro outlet. I still like visiting physical retail stores in Singapore. However, my days of patronising a Metro store are long over. In recent years, many other retail outlets offer superior shopping experiences and value propositions to department stores. Perhaps, for old times&rsquo sake, I should visit a Metro store soon while I still have the opportunity to do so. Recently, Metro said it would shutter its last two remaining department stores here at Paragon and Causeway Point when the current leases expire. From an emotional viewpoint, it is sad to see department stores, which used to be the king of retail formats here, gradually disappear. Also, it is sad for loyal, long-serving staff of such stores to see said stores shutter. Nonetheless, putting sentiment aside, as a shareholder, I applaud Metro&rsquo s possibly long-overdue decision to exit large-format department stores. The listed group&rsquo s retail operations have been bleeding. The retail division reported a loss after tax of S$11.4 million in the financial year ended Mar 31, 2026, or FY2026, compared with a loss after tax of S$6.9 million in FY2025. This was mainly due to lower revenue, lower gross margins and higher impairment loss amid the challenges confronting Singapore&rsquo s retail sector. Metro plans transition to more flexible retail approach However, while Metro is getting out of running department stores, it is not looking to exit the retail business &ndash a potentially wrong move in my view. Metro&rsquo s board of directors said the group will transition to a more flexible retail approach and is evaluating various retail formats, including smaller-format stores, multi-speciality concept stores, curated retail experiences and pop-up store initiatives. Accordingly, the group&rsquo s management has commenced evaluating locations and opportunities for the roll-out of the new retail multi-concept stores. Among its various considerations is financial viability. Should Metro be investing time and resources in trying to do things differently in retail? Generating a decent profit from running physical retail stores selling third-party goods can be tough. Major brands are investing in mega stores to boost their engagement with customers. Some Chinese and international retail stores are proving competitive here with their strong procurement networks. Fortunes tied to property business As it stands, Metro&rsquo s fortunes are already largely tied to how its property development and investment business performs. Recently, the property division has been awash in a sea of red due to China&rsquo s prolonged property sector headwinds. For FY2026, Metro suffered a net loss attributable to shareholders of S$203.2 million. This was mainly due to non-cash fair value and impairment losses arising from its China real-estate exposure. Shareholders&rsquo funds shrank from S$1.58 billion in FY2022 to S$925 million in FY2026. Nevertheless, Metro can bank on its property business to turn around its fortunes, albeit the group should look to double down on developing private homes in Singapore. In May, a 70:30 joint venture (JV) between wholly owned subsidiaries of Wing Tai : W05 0%and Metro was awarded a 99-year leasehold site at Dunearn Road by the Urban Redevelopment Authority at the tender price of about S$533 million. The JV company plans to build a residential development comprising about 330 homes with commercial uses at the ground floor. At its launch weekend in July, 56 per cent of the 380 homes at the neighbouring Dunearn House were snapped up at an average price of S$3,140 per square foot. Why focus on condo development Going forward, Metro should focus on building new condo projects in Singapore. It can look to beef up capabilities in condo development and take a majority stake in such projects when working with partners. While housing developers face tough rules, building new private homes in the Republic can be a good business to be in. The supply of housing land is typically well-controlled, while private housing demand is generally resilient. Growth in income and household formation, coupled with liquidity, as well as enduring aspirations for condo living support private housing demand. Financial returns from condo development can be decent, considering the risks involved. A housing project which experiences robust sales when units are launched for sale off-plan may deliver a double-digit internal rate of return. Crucially, the private housing development market here is fragmented, and one where a larger player may not enjoy much advantage over smaller rivals. Much of the work in the building and selling of homes is generally outsourced to third parties. Meanwhile, the attributes and quality of individual projects are often what matters to increasingly discerning home buyers. Metro was founded in 1957 by the late Ong Tjoe Kim, who started out with a textile store along High Street. The group was listed on the domestic bourse in 1973, with retail being its dominant business in the early days. There are multi-pronged efforts underway to boost investor interest in Singapore stocks. More investors will flock to local-listed entities if those entities fare better financially. Doubtless, Metro has a rich retail history. However, businesses need to transform, as market conditions and consumer needs change. Metro can do well for its shareholders and play its part in boosting investor interest in the local bourse, by ditching the retail business and banking on building homes here to deliver consistent profits. |
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Joelton
Supreme |
21-Jul-2026 09:44
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Metro Holdings to reposition retail business, roll out new multi-concept stores Following the strategic review of its retail business amidst operating challenges faced by Singapore&rsquo s retail sector, Metro Holdings Limited (Metro) (SGX:M01) announced that it will progressively transit from operating traditional large-format department stores towards a more flexible retail approach. Metro explains that the transition focus on customer engagement and specialised retail concepts, which will help support new retail opportunities and greater operational agility. &ldquo As such, the Group will not operate its existing large-format department stores at Metro Paragon and Metro Causeway Point upon the conclusion of the existing lease arrangements. Metro is engaged in discussions with the existing landlords as well as other landlords to rollout the new retail multi-concept stores,&rdquo Metro states in a July 20 bourse filing. Paragon and Causeway Point are owned by CapitaLand Integrated Commercial Trust (CICT) and Frasers Centrepoint Trust (FCT) respectively. As at March 31, Metro is the fourth largest tenant for FCT and accounts for 1.3% of its total gross rental income (GRI) and 2.2% of total net leasable area (NLA). Metro says that it has commenced evaluating potential locations and opportunities with existing landlords as well as other landlords for the rollout of its new retail multi-concept stores. &ldquo Following a comprehensive review, the Board believes this strategic repositioning will better position Metro for long-term sustainable growth by creating a more agile retail platform that can adapt to changing consumer expectations and capture new opportunities,&rdquo says Metro&rsquo s chairman, Tan Soo Khoon. &ldquo Amidst the challenging operating environment, our refreshed retail strategy is designed to meet customers&rsquo evolving expectations while having greater flexibility to introduce new concepts, brands and partnerships,&rdquo adds Metro&rsquo s CEO and executive director, Yip Hoong Mun. Metro states that it is currently assessing the financial implications of this transition and is unable to quantify the full financial impact to its earnings at this juncture. Based on information currently available, Metro&rsquo s Board does not expect the transition to have a material impact on the consolidated net tangible assets and earnings per share for FY2027 ended March 31. Shares of Metro closed 0.5 cents higher, or 1.1% up at 46 cents on July 20. |
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JurongW
Elite |
01-May-2026 01:49
Yells: "Earnings give weight, Chart give wings" |
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Joelton
Supreme |
14-Feb-2026 12:20
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Metro Holdings to revamp department stores as it rules out expansion Metro Holdings is revamping its department stores, focusing on modernisation and customer engagement rather than expansion. The company aims to enhance its brand image, improve the shopping experience, and leverage its loyalty programme to retain customers. With only two stores remaining, Metro is prioritising productivity growth through improved offerings, experiences, and strategic collaborations. |
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ysh2006
Supreme |
10-Feb-2026 19:22
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No action from market is this sale good or bad 🤔 some said Nav high wait till money come first
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superstartup
Supreme |
10-Feb-2026 15:57
Yells: "Enjoy doing Fundamental Research" |
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News out this morning. Now wait for the various media to report the divestment. |
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superstartup
Supreme |
10-Feb-2026 11:38
Yells: "Enjoy doing Fundamental Research" |
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NAV $1.33 Good to see company finally monetising the company Assets. Hope more to come. |
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sengkang
Master |
10-Feb-2026 10:23
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Monetization will surely improve it' s gearing and balance sheet,
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spursfan
Supreme |
10-Feb-2026 08:34
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NEWS RELEASE
Metro Unlocks Value Through Divestment of 26% Stake in Boustead Industrial Fund https://links.sgx.com/1.0.0/corporate-announcements/AW1697EU58YJYDGA/874605_NR%20-%20BIF%20Divestment.pdf |
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kepoh88
Veteran |
10-Feb-2026 00:53
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Metro Holding management still adopt wait and see approach whether to sell it 40% stakes in BIF or partificate in UIB, BIF assets generally needs to seed UIB REIT. As BOU share advance heigher ,it somehow benift Metro. If Metro intend to participate,then it may end up holding at least 26% of UIB REIT. But if Metro choose sell it 40%stakes in BIF and cash out , then future UIB REIT listing will be nothing to do with Metro Holding. Let' s hope for first one.
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kepoh88
Veteran |
10-Oct-2025 01:28
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That' s even better!!! 26% stakes + 7% interest on notes. Boustead investment fund have total 812m assets The fund holds a portfolio of 23 industrial, business park, and logistics properties located in Singapore, and is managed by Boustead Industrial Fund Management Pte Ltd. 26% of that ,you calculate yourself. There is big potential for Metro Holding to 1) Particiapte it interest in Boustead initial REIT call UI Boustead Reit which estimate at 1.9B) (Unified Industrial, a regional developer and fund manager backed by Macquarie Asset Management, has agreed to acquire the property and fund management business (BIF) of SGX-listed Boustead Singapore to create a new platform with $3.5 billion in assets under management across Japan, China, Singapore and Vietnam). 2). Divest it 26% stakes in BIF - which may contribute positively to Metro results. But take note, Metro Holdings emphasizing that its position is not finalized, and there' s no guarantee that any transaction will occur . Metro current net assets is 1.2B with total assets 2B
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finjungle
Veteran |
09-Oct-2025 15:11
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Are you sure that Metro holds 26% of Boustead or just one of the FUNDS managed by Boustead?
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ysh2006
Supreme |
09-Oct-2025 12:21
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If Boustead can so as this Metro , Indonesia company although stingy but overall won't disappoint shareholders one...
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kepoh88
Veteran |
09-Oct-2025 09:28
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NTA $1.40.'own 26% of Boustead
Kha kha loot
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Alignment
Elite |
03-Oct-2025 20:28
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Department stores have had their day. Should be thinking about alternative ways to maximise value. | ||||
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kepoh88
Veteran |
03-Oct-2025 13:02
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https://www.msn.com/en-sg/news/other/singapore-department-stores-shrink-add-dining-and-wellness/ar-AA1NM7oO?ocid=finance-verthp-feeds& cvid=68df57478d4f4a9c915368a80296c914& ei=30 Social media and e-commerce are raising shopper expectations. Singapore&rsquo s department stores are shrinking in size but widening their mix to include dining, wellness, and experiential retail as online shopping accelerates and foot traffic falls. &ldquo Department stores like Robinsons, BHG, Isetan and Metro have downsized,&rdquo Sulian Tan-Wijaya, executive director of retail and lifestyle at Savills Singapore Pte Ltd., told Singapore Business Review. &ldquo There is a gradual shift from the traditional multi-brand department store format to more curated lifestyle concepts to keep up with changes in customer preferences.&rdquo |
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Joelton
Supreme |
01-Oct-2025 12:55
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Metro names Erwin Wuysang-Oei as retail arm&rsquo s new CEO
He is currently the chief operating officer of the division
[SINGAPORE] Property investment and development group Metro has appointed Erwin Wuysang-Oei as the chief executive officer of its retail arm, with effect from Oct 1.
In a bourse filing on Tuesday (Sep 30), the group said Wuysang-Oei&rsquo s appointment is part of its succession plan for senior management. As CEO of Metro&rsquo s retail division, the 43-year-old will oversee its strategic direction and overall management.
Wuysang-Oei is currently the unit&rsquo s chief operating officer, a position he assumed in November 2023. Prior to that, he was the retail arm&rsquo s head of marketing, merchandising controller and e-commerce for more than eight years.
The division&rsquo s previous CEO was David Tang, who resigned on Feb 14, 2024, to pursue other interests.
&ldquo With over 18 years of experience in the retail industry and more than a decade at Metro, (Wuysang-Oei) has been instrumental in driving Metro&rsquo s omnichannel transformation to enhance the group&rsquo s market competitiveness, operational efficiency and customer engagement,&rdquo said the group in a press statement.
Wuysang-Oei added: &ldquo We will continue to build on our strong foundation, enhance our current business, and embrace transformation to stay relevant in today&rsquo s dynamic retail landscape. Together with my team, we aim to improve our competitiveness and strengthen our market position.&rdquo
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Joelton
Supreme |
27-Sep-2025 11:26
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Metro partners Shinsegae International, debuts six South Korean brands
The line-up, including fashion retailers Studio Tomboy and make-up brand Vidivici, will be carried at Metro Paragon till Oct 31
[SINGAPORE] Shoppers here will soon have exclusive access to six brands from South Korea&rsquo s Shinsegae International, following a tie-up with Metro Singapore.
To mark the partnership, a pop-up will run at Paragon Shopping Centre until Oct 5, featuring Shinsegae&rsquo s in-house brands and exclusive products.
The line-up comprises fashion retailers Studio Tomboy, Man on the Boon and Voice of Voices, as well as luggage brand Rawrow, lifestyle label Jaju and beauty brand Vidivici.
These brands will continue to be carried at Metro Paragon until Oct 31.
The collaboration is Shinsegae&rsquo s first retail partnership outside South Korea.
Beauty brand Vidivici makes its debut in Singapore via the Shinsegae-Metro partnership.
While post-Covid &ldquo revenge shopping&rdquo provided a temporary boost, he noted that rising inflation and a strong Singapore dollar have curtailed tourist spending and encouraged more locals to shop abroad.
In FY2025, Metro&rsquo s retail division reported a loss after tax of S$6.9 million, compared with a profit of S$1.8 million in the previous year. Sales fell 8.5 per cent to S$96.5 million, with lower contributions from its Paragon and Causeway Point outlets &ndash the two remaining Metro stores in Singapore.
Higher operating costs continued to pressure the division, with cost of revenue amounting to S$93.9 million.
At the launch event on Friday (Sep 26), Wuysang-Oei said: &ldquo We know that retail is filled with a lot of uncertainty and there&rsquo s a need to reinvent, reimagine what retail can be.&rdquo
He added: &ldquo Our vision is to build multi-concept, experiential ecosystem stores &ndash formats that stand on their own, defined by distinct identities rather than size, much like this Shinsegae pop-up.&rdquo
Speaking to BT on the sidelines, Metro chairman Tan Soo Khoon highlighted that Singapore&rsquo s retail environment faces stiff competition from both local and regional players.
&ldquo Metro has to stay relevant by constantly evolving new concepts so that we stay relevant, and we continue to attract customers to our stores,&rdquo he said. &ldquo As a company, we must always be prepared to try new things and if we remain where we are, we are not going to make progress.&rdquo
The chairman hopes that the Shinsegae tie-up will generate interest among local customers and tourists, boosting foot traffic to Metro&rsquo s department stores.
Beyond the tie-up, Wuysang-Oei unveiled videos of Metro&rsquo s modular, experiential concept stores, including The Sleep Lab, MiniMuse and Kitchen Stadium.
The Sleep Lab, slated to open in the retailer&rsquo s Paragon outlet, allows customers to try mattresses in a setting that simulates the comfort and relaxation of a holiday home.
MiniMuse is a curated selection of luxury beauty and wellness products in sample sizes, targeting younger consumers and allowing them to experiment before committing to full-sized purchases.
As part of Metro&rsquo s efforts to reinvent its retail offering, it is also launching a revamped website with an improved user experience and an AI-powered chatbot. A new brand loyalty programme will follow next month.
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Alignment
Elite |
23-Sep-2025 12:36
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That deal between metro and boustead is odd. Not sure I understand the rationale. | ||||
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