Latest Forum Topics /
YZJ Shipbldg SGD
Last:3.48
-0.06
|
 Post Reply
|
|
The Only Shipbuilding Blue Chip in SGX!
|
|||||
|
Joelton
Supreme |
30-Mar-2023 15:38
|
||||
|
x 0
x 0 Alert Admin |
Shipbuilder Yangzijiang acquires office building at 39 Robinson Road for $399 mil
Singapore-listed shipbuilding group Yangzijiang Shipbuilding BS6 0.00% and its subsidiaries have entered a share purchase agreement to acquire a 100% stake in the office block at 39 Robinson Road in the CBD.
The China-based company acquired the property via its 81%-owned entity Yangzijiang Realty. Two other joint venture V03 0.06% partners, real estate company 9Co Parker and boutique investment firm ICH Singapore Holdings, took equity stakes of 10% and 9%, respectively, in Yangzijiang Realty.
The purchase price for the 21-storey office building is $399 million. That works out to $2,357 psf, based on the gross floor area (GFA) of 169,252 sq ft.
" Having been listed on the SGX mainboard for 16 years and being an STI index component company, the acquisition gives us an opportunity to deepen our roots in Singapore with our very own office building," comments Ren Letian, executive chairman and CEO of Yangzijiang in a statement.
" Furthermore, considering the highly inflationary environment, we see this as a good vehicle to preserve our existing capital over the long term while also providing us stable rental cash flow," adds Ren.
According to Ren, " this is a one-off exercise" , and the company' s focus remains its core shipbuilding business.
The firm will appoint a professional real estate manager to manage the marketing activities and operations of the office building with the intention of " branding it as a financial hub to attract tenant profiles like institutional investors and family offices" , says Ren.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Elf2000
Elite |
30-Mar-2023 14:02
|
||||
|
x 0
x 0 Alert Admin |
Profit may take years to come... in few years times ship building cycle will arrive may be this property investment will support their share price if both ship building and property got correction in coming 2 to 3 years then pray hard liao.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Winnertakeall
Elite |
30-Mar-2023 12:31
|
||||
|
x 0
x 0 Alert Admin |
I share your positive comments but why share price drops 1.22% ??
|
||||
| Useful To Me Not Useful To Me | |||||
|
pasttime
Supreme |
30-Mar-2023 12:17
Yells: "gold silver are real money. not others iou." |
||||
|
x 0
x 0 Alert Admin |
Buying office for own used at discounted price is very sensible. Rental pay forever. Installment pay got end. Some more if they pay cash sure win as they save rental. Increased in asset side. Asset go up. Profit go up. | ||||
| Useful To Me Not Useful To Me | |||||
|
sadhu123
Member |
30-Mar-2023 11:54
Yells: "Value Value Value..." |
||||
|
x 0
x 0 Alert Admin |
Good News, can move in to Own Building, Save Rental... Roots In To Singapore... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
pkli899
Supreme |
30-Mar-2023 11:29
|
||||
|
x 0
x 0 Alert Admin |
Viva Land, the vendor, is in distress. Hence, the fire sale. The price agreed upon is on condition the completion of acquisition be done in double quick time. In this case, within a month, in April. YZJ is able to do so because they are cash rich. No need to go thru the tedious process of getting valuation, loan, etc. This is definitely a good buy. Considering Viva Land bought it for $500m in 2020 (i.e. $2,954 psf per gross floor area of 169,251 sq ft). YZJ is buying this freehold property at $2,369 psf of gross floor area (after adding in cost of acquisition). Based on net lettable area of 134,362 sq ft, it works out to $2985 psf. Current asking price for office space in CBD is easily $3,300 to $4,200 psf. YZJ 81%. ICH 9%. 9Co Parker 10%. ICH is owned by brother of YZJFH CEO. So, there is some relationship. I&rsquo m curious as to who owns 9Co Parker? |
||||
| Useful To Me Not Useful To Me | |||||
|
Slowturtle
Senior |
30-Mar-2023 10:56
|
||||
|
x 0
x 0 Alert Admin |
This is a freehold commercial property, of which there is no restriction to foreigner buying it. | ||||
| Useful To Me Not Useful To Me | |||||
|
PhillipTan
Supreme |
30-Mar-2023 10:50
|
||||
|
x 0
x 0 Alert Admin |
Maybe a spinoff will happen YZJ Real Estate Investment Trust Just joking hahaha
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Winnertakeall
Elite |
30-Mar-2023 10:10
|
||||
|
x 0
x 0 Alert Admin |
2 years ago this commercial building was sold for $500M Property prices have since escalated in Singapore, maybe worth around $650-700M today value. YZJ has bought /invested in huge distress and discounted prices for stable income. Should add value to its revenue and profits. Let support Ren and Mgmt all the way.
|
||||
| Useful To Me Not Useful To Me | |||||
|
hokpin
Supreme |
30-Mar-2023 09:19
|
||||
|
x 0
x 0 Alert Admin |
Seems still no chance to buy below 120 series... | ||||
| Useful To Me Not Useful To Me | |||||
|
atomgraf
Member |
30-Mar-2023 09:17
|
||||
|
x 0
x 0 Alert Admin |
Found a article with the details https://www.mingtiandi.com/real-estate/finance/viva-land-selling-39-robinson-road-in-singapore/
|
||||
| Useful To Me Not Useful To Me | |||||
|
john1703
Member |
30-Mar-2023 09:16
|
||||
|
x 0
x 0 Alert Admin |
Aiyo, now YZJSB will get rental income for life but unfortunately share price is dropping. I guess shareholders are disappointed because didnt give out as bonus instead... Lol | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Joelton
Supreme |
30-Mar-2023 09:14
|
||||
|
x 0
x 0 Alert Admin |
Shipbuilder Yangzijiang acquires office building at 39 Robinson Road for $399 mil
Singapore-listed shipbuilding group Yangzijiang Shipbuilding BS6 0.00% and its subsidiaries have entered a share purchase agreement to acquire a 100% stake in the office block at 39 Robinson Road in the CBD.
The China-based company acquired the property via its 81%-owned entity Yangzijiang Realty. Two other joint venture V03 0.06% partners, real estate company 9Co Parker and boutique investment firm ICH Singapore Holdings, took equity stakes of 10% and 9%, respectively, in Yangzijiang Realty.
The purchase price for the 21-storey office building is $399 million. That works out to $2,357 psf, based on the gross floor area (GFA) of 169,252 sq ft.
" Having been listed on the SGX mainboard for 16 years and being an STI index component company, the acquisition gives us an opportunity to deepen our roots in Singapore with our very own office building," comments Ren Letian, executive chairman and CEO of Yangzijiang in a statement.
" Furthermore, considering the highly inflationary environment, we see this as a good vehicle to preserve our existing capital over the long term while also providing us stable rental cash flow," adds Ren.
According to Ren, " this is a one-off exercise" , and the company' s focus remains its core shipbuilding business.
The firm will appoint a professional real estate manager to manage the marketing activities and operations of the office building with the intention of " branding it as a financial hub to attract tenant profiles like institutional investors and family offices" , says Ren.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Observers
Elite |
30-Mar-2023 09:05
|
||||
|
x 0
x 0 Alert Admin |
Very good ah, given how HDB prices have been rocketing and those are only 99 year lease hold.
|
||||
| Useful To Me Not Useful To Me | |||||
|
john1703
Member |
30-Mar-2023 08:55
|
||||
|
x 0
x 0 Alert Admin |
What I found is Robinson Point is sold for 500m 2 years ago. Now YZJSB bought only for 399m. Good deal right? | ||||
| Useful To Me Not Useful To Me | |||||
|
john1703
Member |
30-Mar-2023 08:52
|
||||
|
x 0
x 0 Alert Admin |
Seems like YZJSB get a good deal with its immediately available cash. Can rent oit and get .monthly income for life. | ||||
| Useful To Me Not Useful To Me | |||||
|
Elf2000
Elite |
30-Mar-2023 08:49
|
||||
|
x 0
x 0 Alert Admin |
Buying property at this current high price don't think investors like it... they should buy few years back.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Winnertakeall
Elite |
30-Mar-2023 06:03
|
||||
|
x 0
x 0 Alert Admin |
Yangzijiang Shipbuilding buys CBD office building for S$399 million to deepen roots in SingaporeYANGZIJIANG Shipbuilding on Wednesday (Mar 29) announced that its 81-per-cent owned subsidiary will acquire 39 Robinson Road, a 21-storey freehold commercial building in Singapore&rsquo s central business district, for S$399 million. The purchase is meant for the group to deepen its roots in Singapore, said executive chairman and chief executive officer Ren Letian. Having been listed on the Singapore Exchange mainboard for 16 years and being an STI index component company, the acquisition gives us an opportunity to deepen our roots in Singapore with our very own office building, he said. Furthermore, considering the highly inflationary environment, we see this as a good vehicle to preserve our existing capital over the long term while also providing us stable rental cash flow.&rdquo Ren, meanwhile, stressed that this is a one-off exercise. Our focus remains in the core shipbuilding business, he said. |
||||
| Useful To Me Not Useful To Me | |||||
|
hokpin
Supreme |
29-Mar-2023 23:22
|
||||
|
x 0
x 0 Alert Admin |
Ship builder buy Singapore property 😅 | ||||
| Useful To Me Not Useful To Me | |||||
|
unclebond
Master |
29-Mar-2023 22:30
|
||||
|
x 0
x 0 Alert Admin |
Property Stock will be the main beneficiaries. Tomorrow most of the property counter will be big mover. Especially those with properties along CBD
|
||||
| Useful To Me Not Useful To Me | |||||