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The Place Holdings on its next leg!
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sanuks
Veteran |
11-Aug-2012 23:05
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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UOB Kay Hian - Analyst Coverage - GP Hotels | ||||||||||||||||||
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sanuks
Veteran |
11-Aug-2012 22:55
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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APPOINTMENT OF NON-EXECUTIVE DIRECTOR The Board of Directors of Global Premium Hotels Limited (“the Company”) is pleased to announce the appointment of Mr Periakaruppan Aravindan as Non-Executive Director of the Company with effect from 10 August 2012. The particulars of Mr Periakaruppan Aravindan pursuant to the requirements of Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”) will be furnished in a separate announcement. Following the above appointment, the Board of Directors of the Company now comprise of the following members:- Board of Directors Koh Wee Meng (Non-Executive Chairman) Lim Chee Chong (Chief Executive Officer and Executive Director) Periakaruppan Aravindan (Non-Executive Director) Kau Jee Chu (Independent Director) Woo Peng Kong (Independent Director) Kwan Chee Wai (Independent Director) Source: SGX |
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sanuks
Veteran |
11-Aug-2012 22:53
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF FRAGRANCE HERITAGE PTE. LTD. (“FHPL”) Unless otherwise defined herein, capitalised terms used herein shall bear the same meaning ascribed to them in the announcements dated 25 May 2012, 11 July 2012 and 2 August 2012 (the “Announcements”) issued by Global Premium Hotels Limited (the “Company”). Further to the Announcements, the Directors of the Company are pleased to inform the shareholders of the Company that the Company has been notified that FHPL has on 8 August 2012 obtained the Grant of Written Permission from the Urban Redevelopment Authority of Singapore to redevelop the Property as a hotel development. Pursuant to the terms of the Share Transfer Agreement dated on 25 May 2012, completion of the proposed Acquisition is targeted to take place on 21 August 2012 subject to, amongst others, the Company obtaining approval from its shareholders atthe EGM to be convened on 17 August 2012 for the proposed Acquisition. The Company will make further announcements on any material developments. |
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sgnewbie
Master |
08-Aug-2012 09:57
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http://sgxreports.blogspot.sg/2012/08/global-premium-hotels.html | ||||||||||||||||||
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sanuks
Veteran |
02-Aug-2012 23:08
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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- EGM - NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVENthat an Extraordinary General Meeting (“EGM”) of the Members of Global Premium Hotels Limited (the “Company”) will be held on Friday, 17 August 2012 at 9.00 a.m. at 168 Changi Road #05-01 (Attic level) Fragrance Building Singapore 419730 for the purpose of considering and, if thought fit, passing with or without any modification, the following Ordinary Resolution: AS ORDINARY RESOLUTION THE PROPOSED ACQUISITION OF FRAGRANCE HERITAGE PTE. LTD. THAT: (a) Pursuant to Chapters 9 and 10 of the listing manual of the Singapore Exchange Securities Trading Limited (the “Listing Manual”), approval be and is hereby given for the acquisition by the Company of the entire issued and paid-up share capital of Fragrance Heritage Pte. Ltd. from Fragrance Group Limited (the “Vendor”) which constitutes an interested person transaction under Chapter 9 of the Listing Manual and a major transaction under Chapter 10 of the Listing Manual, on the terms and conditions of the Share Transfer Agreement dated 24 May 2012, entered into between the Company and the Vendor and (b) any of the Directors of the Company be and is hereby authorised to complete and do all such acts and things (including without limitation, to execute all such documents as may be required and to approve any amendments, alterations or modifications to any documents) as they or he may consider desirable, expedient or necessary to give effect to the transactions contemplated by this Ordinary Resolution. By Order Of The Board Mr. Keloth Raj Kumar Company Secretary, Singapore 02 August 2012 Notes: 1. A member of the Company entitled to attend and vote at the EGM of the Company is entitled to appoint not more than two (2) proxies to attend and vote on his/her behalf. A proxy need not be a member of the Company. 2. Where a member appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportion of his shareholding (expressed as a percentage of the whole) to be represented by each proxy. 3. A corporation which is a member may appoint an authorised representative or representatives in accordance with Section 179 of the Companies Act, Chapter 50 of Singapore to attend and vote for and on behalf of such corporation. 4. The instrument appointing a proxy or proxies must be under the hand of the appointor or of his attorney duly authorised in writing. Where the instrument appointing a proxy or proxies is executed by a corporation, it must be executed under its common seal or signed on its behalf by an officer or attorney duly authorised in writing. 5. Where an instrument appointing a proxy is signed on behalf of the appointor by the attorney, the letter or power of attorney or a duly certified copy thereof must (failing previous registration with the Company) be lodged with the instrument of proxy, failing which the instrument may be treated as invalid. 6. The instrument appointing a proxy or proxies must be deposited at the registered office of the Company at 168 Changi Road #04-01 Fragrance Building Singapore 419730 not less than 48 hours before the time appointed for holding the EGM of the Company. |
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sanuks
Veteran |
02-Aug-2012 23:01
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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SGX - News Release 2 August 2012 FOR IMMEDIATE RELEASE Global Premium Hotels’ revenue grew 19.6% to S$30.1 million for 1H 2012 •Group average occupancy rate surged 10.5 percentage points to 90.7% •Excluding one-off IPO expenses, 1H 2012 profit before tax increased 2.8% yoy to $13.8 million •Board declared interim dividend of 0.2 cents per share Singapore, 2 August 2012– Global Premium Hotels Limited (“GPH” or the “Group”), the owner and operator of the second largest economy-tier hotel chain in Singapore, reported net profit attributable to equity holders of S$10.0 million for the six months ended 30 June 2012 (“1H 2012”). $ ’000 2Q 2012 2Q 2011 Change 1H 2012 1H 2011 Change Revenue 15,224 13,617 11.8% 30,091 25,163 19.6% Gross profit 13,232 11,956 10.7% 26,220 22,208 18.1% Gross profit margin 86.9% 87.8% (0.9)p.p 87.1% 88.3% (1.2)p.p Net profit 3,595 6,387 (43.7)% 9,953 10,714 (7.1)% Revenue Per Available Room (“RevPAR”) ($) 93.5 88.4 5.8% 92.3 84.0 9.9% Average Occupancy Rate (“AOR”) 89.7% 80.7% 9.0p.p 90.7% 80.2% 10.5p.p p.p denotes percentage points The Group achieved 1H 2012 revenue of S$30.1 million, an increase of 19.6% year-on-year (“yoy”) as compared to the corresponding period last year. Revenue rose mainly due to stable operations of the 3 hotels that commenced operations in 2011-Parc Sovereign, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside. These 3 hotels along with the better performance of Fragrance Hotel-Emerald, contributed an aggregate increase of S$4.8million for 1H 2012. Consequently, the Group’s Average Occupancy Rate (“AOR”), surged 10.5p.p to 90.7% for 1H 2012. In tandem with the increase in revenue, gross profit improved 18.1% yoy to S$26.2 million for 1H 2012. Finance cost increased 64.5% to S$2.4 million for 1H 2012 with S$343.5 million of term loans taken to partially repay the S$558.0 million purchase consideration to Fragrance Group Limited (“FGL”). As part of the restructuring exercise, the Group acquired six subsidiaries which hold 22 hotels, 19 of which are sited on freehold lands. The purchase consideration was fully settled on 10 May 2012, hence higher interest expenses will be reflected inthe Group’s subsequent financial results. Administrative expenses increased 55.2% yoy to S$11.7 million for 1H 2012, due to one-off Initial Public Offering (“IPO”) expenses of around S$1.4 million and higher depreciation and staff costs recorded consequent to the opening of the 3 new hotels in 2011. Excluding the one-off IPO expenses, profit before tax increased 2.8% yoy to $13.8 million for 1H 2012. Commenting on the Group’s performance, Mr. Lim CheeChong, Chief Executive Officer of Global Premium Hotels, explained, “We are pleased with our Group’s performance to-date as RevPAR has been increasing since the beginning of the year. While boosting our top-line, we will continue to keep a tight rein on costs by improving efficiency and implementing new measures to decrease cost.” The Group is constantly on a look out to acquire yield accretive and quality assets to expand its chain of hotels. In line with this strategy, the Group intends to purchase the entire issued and paid-up share capital of Fragrance Heritage Pte. Ltd. (“FHPL”), awholly owned subsidiary of FGL for S$25.1 million, subject to the terms and conditions in the Share Transfer Agreement. FHPL holds a development site at 165 and 167 Tyrwhitt Road, which upon completionof the proposed hotel building, will have a gross development value of $150.0 million, as estimated by valuers. Based on the market value of the property with vacant possession at S$78.0 million and an estimated project development costs of S$30.0 million, the Group estimates a potential fair value gain of S$42.0 million upon completion of the hotel. If approved, the new mid-tier hotel willboost the Group’s existing hotel portfolio by another 250-270 rooms, or around 14.4% - 15.5%. As part of value creation efforts, the Group plans to commence renovations for the 168 room Fragrance Hotel-Ruby in 3Q 2012. The hotel will be closed while renovations are underway and is expected to be completed by 4Q 2012. Through asset enhancement initiatives, the Group hopes to optimise asset potential and maximise returns. The board has declared an interim dividend of 0.2 cents per share to thank shareholders for their support. Outlook Singapore tourism arrivals in 2012 are expected to increase with the line-up of new attractions including Gardens by the Bay, River Safari, and Marine Life Park. Supported by enhanced tourism infrastructure with the opening of the Singapore International Cruise Terminal, the terminal has effectively doubled berth capacity, further advancing cruise tourism in Singapore. In line with these initiatives, Singapore visitor arrival grew 12.3% yoy from January to May 2012 to reach 5.9 million visitors 1, on track to meet the Singapore Tourism Board’s forecast of 13.5-14.5 million visitor arrivals for 2012. Despite the tourism statistics pointing towards a positive outlook for 2012 in Singapore, global economic conditions continue to remain volatile, weighed down by the European debt crisis and slowing economic growth in the United States and China. Consequently, this may have an impact on visitor arrivals and the overall hospitality sector. Hence, the Group remains cautiously optimistic for 2H 2012. – END – |
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sanuks
Veteran |
02-Aug-2012 22:51
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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sanuks
Veteran |
02-Aug-2012 22:48
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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Clinton86, you are very 'CHOON', GP Hotels really declared an interim dividend of 0.2 Cents. From SGX, " The board has declared an interim dividend of 0.2 cents per share to thank shareholders for their support. "
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smallsgshare
Senior |
02-Aug-2012 18:34
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Thanks for your analysis!
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commando
Master |
02-Aug-2012 18:18
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I think fragrance 60ct no problem but 70ct not sure | ||||||||||||||||||
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smallsgshare
Senior |
02-Aug-2012 18:06
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" Global Premium Hotels’ revenue grew 19.6% to S$30.1 million for 1H 2012 Group average occupancy rate surged 10.5 percentage points to 90.7% Excluding one-off IPO expenses, 1H 2012 profit before tax increased 2.8% yoy to $13.8 million• Any seniors comments on price movement tomorrow? Board declared interim dividend of 0.2 cents per share." |
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sanuks
Veteran |
02-Aug-2012 15:18
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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DATE OF RELEASE OF THE SECOND QUARTER 2012 FINANCIAL RESULTS TODAY, 2 August 2012 after trading hours. |
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sanuks
Veteran |
26-Jul-2012 22:29
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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Fragrance Hotel Rank 15. 15 Koh Wee Meng US$1.25 billion Hotel 81 Rank 25 25 Choo Chong Ngen US$690 million | Hotels 
His Hotel 81 has grown to one of Singapore's largest homegrown hotel chains, with 30 properties. |
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sanuks
Veteran |
26-Jul-2012 22:21
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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Forbes Top 40 Singapore Billionaires - 25-July-2012 15 Koh Wee Meng US$1.25 billion | Real estate 
Fragrance Group's property tycoon is a billionaire for the first time after a 50 per cent rise in shares of the group in the past year. Singapore's Richest 2012 Singaporean wealth may fluctuate with the world’s economy—GDP there contracted in the latest quarter—but the island-state’s emergence as an all-purpose crossroads is having more everyday impact on its richest. The flowering of universities in Singapore, for instance, is bringing the private sector added responsibilities to oversee and support the institutions. View The Complete List Of Singapore’s 40 Richest In May, at an opening of the new Singapore University of Technology & Design, a collaboration with MIT, Chairman Philip Ng was able to raise $10 million for scholarships in less than two hours. Long a reluctant public figure even as he headed the wealthiest local family’s Far East Organization, Ng—now ranked No. 1 with his brother Robert—rounded up donors like popiah king Sam Goi (No. 14), who contributed $800,000. No coincidence: Philip Ng is an MIT grad. He has also been a trustee of Duke-National University of Singapore (NUS) Graduate Medical School and the Lee Kuan Yew School of Public Policy. The Ng family fortune is listed under him and Robert as coexecutors of their late father Ng Teng Fong’s estate, which is still in probate. Meantime, chairing a new joint program of Yale and NUS is Kay Kuok Oon Kwong, cousin of Kuok Khoon Hong (No. 7) and niece of Robert Kuok, Malaysia’s richest man. Real estate magnate Chua Thian Poh (No. 31) pledged $4 million for another NUS program. “There’s a strong ethos in the Chinese culture of giving to education,” explains Laurence Lien, third generation of the Lien family (No. 18), who chairs the family foundation. In 1953 entrepreneur Tan Lark Sye set the trend, giving $4 million and persuading Singapore’s Hokkien association to donate 500 acres to start Nanyang University, which later became NUS. The main university has been chaired since 2006 by Wong Ngit Liong, founder of Venture Corp. and a former rich lister. And Singapore Management University’s chair is Ho Kwon Ping (No. 40). Singapore’s 40 richest show a collective net worth of $59.4 billion, up from last year’s $54.4 billion. The country has 16 billionaires, 3 more than last year. Among them is Eduardo Saverin, Facebook cofounder and relocated former American, worth $2.2 billion. Budget hotel magnate Koh Wee Meng joins the billionaire ranks after shares of his Fragrance Group surged. Another discount hospitality figure, Choo Chong Ngen, is one of 8 newcomers to the list. Indian telecom magnate Bhupendra Kumar Modi, who took Singapore citizenship in January, debuts at $755 million. Five of the newcomers made marks in property, including brothers Raj Kumar and Asok Kumar Hiranandani (read about Raj Kumar and son, Kishin RK here), who split their operation so are listed separately. Tang Wee Kit, who returns to the list after several years, is best known for his family’s department store Tangs on Orchard Road. Of the 30 who returned from 2011, 14 saw their fortunes fall, many on poor performance at the SGX stock exchange, which is down 3%. One big loser was Richard Chandler whose group of Singapore-based funds lost $1.57 billion last year he was poorer by $1.1 billion. Eight from last year dropped off including luxury property developer Simon Cheong shares of his SC Global fell 40%. |
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sanuks
Veteran |
26-Jul-2012 21:54
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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sanuks
Veteran |
26-Jul-2012 21:48
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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Ha! Ha! Ha! If we die, Mr Koh die also.  Despite this is a penny stock, but it has substance. Invest purely base on qualitative point of view - Mr Koh. Only time will tell, lets see.
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chinton86
Master |
26-Jul-2012 13:03
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If u die, I die....:) | ||||||||||||||||||
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sanuks
Veteran |
26-Jul-2012 11:20
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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Yes! Max downside is around .25 Cents. Lets see, how this counter will pan out by the end of the year and subsequent years to come. Wilmar puts a huge dent on people wallet.
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chinton86
Master |
26-Jul-2012 10:59
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Adding to the below, how much u think u can lose with price of ard 25 cents?? Wilmar,Semb mar etc, can drop that amt per day. | ||||||||||||||||||
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chinton86
Master |
26-Jul-2012 10:57
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At least 2cents dividend will be given out for this Financial Year (Based of estimation n analysis), so once that happen, your cost of investment will drop. However, i do agree, the price might stuck range bound for the time being, and once it moves pass IPO price, it will never look back n multiples will be expected. It's a long term investment to see the returns on this counter. Prepare to keep it for at least 2 years, i don't believe u will lose. | ||||||||||||||||||
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