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Global Premium Hotels - GPH - (SGX Code: P9J)
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twelfth
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06-Feb-2013 17:39
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brenocav
Member |
06-Feb-2013 17:32
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Churnw where did you see this? I'm having trouble finding any dividend information on this counter. Also, when is ex-div??
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churnw
Elite |
03-Feb-2013 11:50
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Compare this CDL H trust . They focus in mid tier . So even when recession , high tier will cut cost and stay in mid tier. | ||||||||||||||||||
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churnw
Elite |
01-Feb-2013 23:57
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Returns on the long run | ||||||||||||||||||
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sanuks
Veteran |
01-Feb-2013 21:50
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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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.”
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.” |
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sanuks
Veteran |
01-Feb-2013 21:27
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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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. |
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churnw
Elite |
01-Feb-2013 20:57
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Capital gain is High . Recession proof . Same like maxi cash. | ||||||||||||||||||
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sanuks
Veteran |
01-Feb-2013 20:46
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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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) |
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churnw
Elite |
01-Feb-2013 20:27
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Today I check . They giving 10 dollars for every 1 lot. At 0.265 , it every worthwhile . Buy buy to keep | ||||||||||||||||||
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ericpang
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01-Feb-2013 13:43
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Patience is the key... | ||||||||||||||||||
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smallsgshare
Senior |
01-Feb-2013 13:37
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Not much movement. Unexpected! | ||||||||||||||||||
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edwinjup
Supreme |
01-Feb-2013 07:07
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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 | ||||||||||||||||||
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cobrajr
Veteran |
01-Feb-2013 06:49
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my opinion is 40 cents at least + divident
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ody2004
Senior |
01-Feb-2013 06:03
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So safe to buy at current price?
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smallsgshare
Senior |
31-Jan-2013 22:18
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" NAV per share of $0.39 as at 31 December 2012" So there is much room for the price to go up! |
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sanuks
Veteran |
31-Jan-2013 20:46
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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sanuks
Veteran |
31-Jan-2013 20:44
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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31 January 2013 FOR IMMEDIATE RELEASE Global Premium Hotels’ FY 2012 revenue grew 13.2% yoy to $60.2 million • Group achieved record Revenue per Available Room of $95.10 for FY 2012,up 9.6% yoy from $86.80 for FY 2011 • EBITA of $36.1 million*, an increase of 6% YOY • NAV per share of $0.39 as at 31 December 2012 • Board proposed final dividend of 1.01 cents per share bringing the total dividend to 1.41 cents per share, which is 80% of the PAT for FY 2012 • Parc Soverign Hotel at Tyrwhitt Road is targeted to open by 1H 2014, bringing an addition of 270 rooms to our Group’s portfolio Singapore, 31 January 2013 – Global Premium Hotels Limited (“GPHL” 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 $18.5 million for the 12 months ended 31 December 2012 (“FY 2012”). $ ’000 4Q 2012 4Q 2011 Change FY 2012 FY 2011 Change Revenue 15,173 14,210 6.8% 60,151 53,139 13.2% Gross Profit 13,061 12,436 5.0% 52,174 46,794 11.5% Gross Profit margin (%) 86.1% 87.5% (1.4)p.p 86.7% 88.1% (1.4)p.p EBITDA 8,735 8,755 (0.2)% 36,105* 34,065 6.0% EBITDA margin (%) 57.6% 61.6% (4.0)p.p 60.0%* 64.1% (4.1)p.p Net Profit 4,334 5,306 (18.3)% 18,453 22,624 (18.4)% Revenue per Available Room (“RevPAR”) ($) 97.5 87.5 11.4% 95.1 86.8 9.6% Average Occupancy Rate (“AOR”) (%) 91.4% 82.4% 9.0p.p 90.8% 81.8% 9.0 p.p * excludes one-off expenses of $2.11 million for FY 2012 p.p denotes percentage points (Incorporated in the Republic of Singapore on 19 September 2011) (Company Registration Number 201128650E) Revenue grew 13.2% year-on-year (‘yoy”) to reach $60.2 million for FY 2012. The increase was mainly attributable to the full year operations of the three hotels launched in 2011 – Parc Sovereign, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside, which boosted the number of rooms by 302 to 1,738 rooms. This increase negated the loss in revenue resulting from the temporary 3.5 month closure of Fragrance Hotel-Ruby for Asset Enhancement Initiatives (“AEI”) undertaken in 2H 2012. RevPAR for GPHL touched new highs, reaching $95.10 for FY 2012, up 9.6% yoy. Improvements in AOR was the main driver for the growth in RevPAR, attesting to GPHL’s success in building a wellrecognised brand name within the local and regional hospitality industry, and efforts to increase efficiency and turnaround of the hotel rooms. As a result of continued room expansion, GPHL saw higher administrative expenses related to labour and property taxes. In addition, continued listing expenses and the rental of its head office also contributed to the rise. Consequently, GPHL’s earnings before interest, tax and depreciation 1 (“EBITDA”), improved 6.0% yoy to $36.1 million for FY 2012. Finance cost increased 141.1% yoy to $7.0 million for FY 2012 due to the restructuring exercise undertaken for the Initial Public Offering on 26 April 2012. Property, plant and equipment increased by $167.8 million to $917.4 million as at 31 December 2012 from $749.6 million as at 31 December 2011 mainly due to the revaluation surplus of $107.8 million and the acquisition a freehold tenure property located at 165 and 167 Tyrwhitt Road. To thank shareholders for their support, the board proposed a final dividend of 1.01 cents per share, bringing the total dividend to 1.41 cents per share for FY 2012. This is in line with our Group’s commitment during the IPO exercise to pay at least 80% of PAT for FY 2012. - END - |
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currypig
Member |
31-Jan-2013 00:29
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wat is the meaning of right issue? | ||||||||||||||||||
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smallsgshare
Senior |
31-Jan-2013 00:16
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Your wishes will come into true!
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edwinjup
Supreme |
30-Jan-2013 22:04
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Yes..hope for 1.5ctents dividen cum free wrt....with 1.5cents right share...
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