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ISETAN
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MrBear12
Supreme |
01-Apr-2024 18:28
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Brand name premium
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Sgvale
Supreme |
01-Apr-2024 18:27
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Offer $4. Many will be very happy. Why offer so much?
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ysh2006
Supreme |
01-Apr-2024 17:25
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If Metro got offer maybe can get $1.00 ?...it got properties in Singapore and China Indonesia too!!
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TraderBen
Supreme |
01-Apr-2024 16:23
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Omg.. finally got something so much premium over last traded price.
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SmallSmall
Supreme |
01-Apr-2024 14:49
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To be fair, everyone knows the value. It' s just that no one knows when an offer would be made. Afterall they did try to sell Wisma but not taker at the right price.. Similarly unvalued stocks would include Hong Fok and Great Eastern etc
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HVRRVH
Elite |
01-Apr-2024 14:42
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This really show how screw up SGX market place is. A stock that is value at above $7 cn only command $2 plus in the open market. What kind of market is this SGX??? | ||||
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PandaB
Member |
01-Apr-2024 14:16
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Thank god. Its been a long time coming for all shareholders. Grateful to the management, considering all those difficult years. Woohoo! | ||||
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MrBear12
Supreme |
01-Apr-2024 13:25
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Get some small small metro. More liquid than isetan
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MrBear12
Supreme |
01-Apr-2024 13:16
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Like Robinson takeover | ||||
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SmallSmall
Supreme |
01-Apr-2024 13:02
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Wow.....But then again few have. I don' t Scheme of arrangement Scheme Consideration Under the Scheme, the following Scheme Consideration (as defined below) will be offered: S$7.20 in cash for each Target Share. |
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Alignment
Elite |
02-Oct-2023 11:40
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How much is Wisma worth, in real life? | ||||
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Joelton
Supreme |
28-Jul-2023 10:08
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Isetan Singapore expected to report net loss for 1HFY2023
Department store operator Isetan (Singapore) is expecting to report a net loss for its 1HFY2023 ended June 30.
In an announcement dated Jul 27, the company says that this is due to the challenging environment faced by the retail segment and impairment of property, plant and equipment, and right-of-use assets relating to certain stores.
In 1HFY2021, Isetan reported earnings of $1.25 million, a reversal from a loss of $317,000 in 1HFY2020. Revenue in the same period increased by 12.84% to $38.4 million, with both higher retail sales and rental income.
However, they had warned that the retail environment remains &ldquo challenging&rdquo , and that retail revenue will still be negatively impacted over the coming months.
The company is expected to release its results by Aug 14.
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lsk007
Senior |
01-Mar-2023 21:31
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No dividend, no news about disposing wisma asset, isetan shareholders are in for another miserable wait for something to happen. | ||||
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ysh2006
Supreme |
17-Dec-2021 07:37
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Now wait till property cooling measure come already !!...wait again another time!! | ||||
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sengkang
Master |
16-Dec-2021 18:48
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Isetan - I Say Tan tan tan tan until the cow comes home (that' s what it means) lol | ||||
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bluekelah
Senior |
16-Dec-2021 17:30
Yells: "lock and loaded..." |
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very obvious they are not interested to sell out to Starhill and mgt. wanna just continue to milk assets for themselves at expense of OPMI. Classic value trap. |
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Frasers
Member |
16-Dec-2021 17:02
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Unfortunately for Isetan the management and board is clueless what to do with the Wisma assets. Attempt to sell Wisma over the last 6 months found no buyers . | ||||
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SmallSmall
Supreme |
18-Oct-2021 09:58
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Another undervalued stock in the process of unlocking value. Waiting for Starhill to buy their Wisma Asset. This round the Japanese is open to selling as they have appointed Savills (Singapore) Pte Ltd as the marketing agent to assist the Company to assess interest in the possible purchase of the Company&rsquo s property located at Wisma Atria 435 Orchard Road Singapore 238877 (&ldquo Isetan Wisma Atria&rdquo ) and/or commence exploratory discussions with third parties for this purpose. Can it move like Plato / Azeus? |
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Frasers
Member |
17-Aug-2021 14:37
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The Board of Directors (the &ldquo Board&rdquo ) of Isetan (Singapore) Limited (the &ldquo Company&rdquo ) wishes to announce that it has entered into a tenancy agreement for Level Four of Isetan Wisma Atria, 435 Orchard Road (&ldquo premises&rdquo ). The new tenant, a prominent financial institution, will be taking up the premises for the purpose of setting up a banking branch. The lease will be for an initial lease term of five (5) years and is expected to commence in the 2nd quarter of 2022 after taking into consideration the time needed for reinstatement works, fitting out works and regulatory approvals, amongst other things. BY ORDER OF THE BOARD LUN CHEE LEONG COMPANY SECRETARY 16 August 2021 Shareholders are still waiting for the update on sale progress for Wisam Atria .... |
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PhillipTan
Supreme |
14-Aug-2021 03:00
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Isetan returns to black in H1 2021 Katong store to close by March 2022Department store operator Isetan Singapore reversed into the black in the first half of 2021 from a year ago, thanks to a recovery in sales from its stores being able to remain operational throughout the six-month period, the company said on Friday.Net profit for the six months ended June 30 stood at S$1.3 million, reversing from a net loss of S$317,000 posted in the same period a year ago. (See amendment note.) The results translate to earnings per share of 3.03 Singapore cents, against loss per share of 0.77 cent. Revenue for the six-month period was up 12.8 per cent to S$38.4 million, as compared to S$34 million in the year-ago period, due to to higher sales of goods from the retail segment, higher consignment income and higher rental income from the Isetan Wisma Atria investment property. This, it explained, was a result of its stores being able to operate over the six-month period as compared to their enforced closure during the " circuit-breaker" period between April 7 and June 18 last year. Revenue also received a boost from the company' s investment in Wisma Atria versus last year where mandatory rental rebates were given to its smaller tenants in accordance with the government' s Covid-19 response measures. The impact of safe-management measures implemented last year also resulted in the store operator' s reported loss in H1 2020. The year-ago period was also affected by the discontinued operations of its Jurong East store from March 8, 2020. However, the department store operator said its recovery in revenue in H1 2021 was disrupted by measures during Phase 2 Heightened Alert from May 16. On the outlook of Singapore' s retail sector, the company described it as " challenging" , given the continued emergence of new Covid-19 clusters across the island, and so continues to expect sales revenue to be negatively impacted in the coming months, with the duration and extent of this impact remaining difficult to predict. That being said, the store operator sees optimism in the Singapore government' s announcements regarding the nation' s move towards treating Covid-19 as endemic, with travel anticipated to resume by the end of this year, and plans in the meantime to focus on driving operational efficiency and leveraging more on its online business. It also said that its stable balance sheet and liquidity position allow it to take advantage of new opportunities. With regard to the anticipated possible sale of Isetan Wisma Atria, there have as yet not been any further developments to its June 11 announcement of its appointment of Savills (Singapore) as its marketing agent to commence purchase interest discussions with third parties. Isetan' s board did not propose any interim dividend to be paid out for the period. Parkway Parade store to close permanently by March 9, 2022 Meanwhile, the store operator announced it will be closing its store at Parkway Parade in Katong permanently after its lease expires on March 9, 2022. In a separate bourse filing on Friday morning, Isetan' s board said the existing lease had already been extended 15 months after the end of the previous term, and negotiations with the landlord, Prime Asset Holdings Limited, did not yield a positive result. The company said it has no immediate plans to find a replacement store, adding that it will continue to maintain its retail operations at its other stores at Shaw House, Tampines Mall and NEX. It also said it cannot reasonably estimate the financial effect of the impending closure of the Parkway Parade store at this time. Shares of Isetan fell 2 per cent or S$0.09 to finish Friday at S$4.42. |
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