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Banyan Tree
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Joelton
Supreme |
26-Sep-2023 09:13
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KGI reiterates ' buy' call on Banyan Tree, little impact from slow China market recovery
KGI Securities has reiterated its ' buy' call and 41.5 cents target price on luxury resorts operator Banyan Tree Holdings B58 0.00% , on the premise that tourism recovery is ongoing. 
 
For its 1HFY2023 ended June, the company reported core operating profit of $18.7 million, up from $11.1 million recorded in the year-earlier 1HFY2022. Revenue in the same period was up 21% y-o-y to $143.7 million, led by higher RevPar of 64%.
 
In a recent development, Thailand, in a bid to draw more visitors to help offset weakness in its export sectors, will temporarily waive tourist visa requirements for visitors from China and Kazakhstan from Sept 25 to Feb 29 next year. 
KGI notes that the business sector has welcomed the government&rsquo s new policy, and airlines are preparing to increase flights and add more capacity to accommodate the expected increase in tourists. 
 
" The tourism industry is optimistic that the visa-free scheme will be a success and boost tourism spending in Thailand. This would also benefit businesses such as Banyan Tree, which has multiple properties in the country," states KGI.
 
Separately, Banyan Tree, Ennismore, and Dubai Holding have partnered to open a new Banyan Tree hotel in Dubai, replacing the existing Caesars Palace Dubai on Bluewaters Island. This new hotel, with 179 rooms, will be run jointly by Banyan Tree and Ennismore and will open in November. 
 
According to KGI, this is the first of many hotel and brand development projects that Accor (a strategic partner of Banyan Tree) and Dubai Holding plan to collaborate on, to further develop and grow the hospitality sector in Dubai.
 
Company chairman Ho Kwon Ping has indicated that while China' s mass market is taking longer to recover, the impact is relatively small on his company given its premium positioning.
 
" He is also confident that the Chinese real estate market will not collapse, as the banking system is strong. Additionally, he mentioned that Banyan Tree&rsquo s exposure to the Chinese real estate bubble is not large due to the sale of a few hotels in China before the bubble," adds KGI.
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Joelton
Supreme |
11-Aug-2023 11:29
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Banyan Tree H1 earnings nearly double on travel recovery
 
RESORT operator Banyan Tree Group : B58 -1.1% on Thursday (Aug 10) reported a net profit of S$981,000 for the six months ended Jun 30, 2023, up 91 per cent from the S$514,000 in the corresponding period last year.
 
H1 revenue rose 21 per cent to S$143.7 million &ndash from S$118.6 million in the corresponding period a year ago &ndash fuelled by &ldquo better&rdquo performance in its hotel investments and fee-based segments, said the group in a bourse filing. 
 
The hotel investments segment grew 57 per cent year on year to S$95.3 million, from S$60.8 million a year ago, as revenue from hotels in Thailand almost doubled after the country lifted its pandemic travel restrictions. 
 
Occupancy in Thailand surged to 71 per cent in the half-year, from 46 per cent in H1 FY2022. Revenue per available room in the country also increased by 2.2 times in the same period. 
 
Over in the fee-based segment, revenue grew 30 per cent year on year to S$27.7 million, from S$21.3 million a year ago. This was primarily due to higher management fees from the group&rsquo s managed hotels in Asia, which have gradually opened up to international tourism since the second quarter of 2022, said the group. 
 
Meanwhile, revenue from Banyan Tree&rsquo s property sales segment plunged by 43 per cent to S$20.8 million in H1, from S$36.6 million the previous year, which included the recognition of the remaining units of Angsana Beachfront Residences in Indonesia at S$18.8 million. 
 
Earnings per share stood at 0.11 cents, up from 0.06 cents in the year-ago period. 
 
&ldquo (Our) hotels have shown a good recovery from the impact of the Covid-19 pandemic, surpassing all pre-covid 2019 metrics across various regional markets,&rdquo said the group. 
 
For the rest of 2023, Banyan Tree plans to open three new properties in Zhuhai, China Yogyakarta, Indonesia and Koh Samui, Thailand. 
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SmallSmall
Supreme |
01-Aug-2023 13:57
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Another new high @ $0.455.....high goes higher | ||||
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SmallSmall
Supreme |
18-Jul-2023 09:10
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$0.425 highest in recent days.... high goes higher
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SmallSmall
Supreme |
17-Jul-2023 13:57
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This one also quietly moving up today ...$0.41 now up $0.025. High goes higher |
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superstartup
Elite |
13-Jul-2023 15:18
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Got chance?
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superstartup
Elite |
13-Jul-2023 14:47
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Got chance back to 415? Seeing the Asks lined up again |
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chinton86
Master |
10-Jul-2023 23:11
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Intraday high of 42.5 should break tomorrow. This counter should not trade at this level for long in the current market. At least 60cents. | ||||
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SmallSmall
Supreme |
10-Jul-2023 13:39
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Day high @ $0.415 :)
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SmallSmall
Supreme |
10-Jul-2023 11:14
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Privatisation? 20 day high at $0.40...NAV $0.5588 | ||||
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chinton86
Master |
14-Jun-2023 23:23
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Slow but Sure | ||||
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bigmouth_king
Member |
30-May-2023 14:12
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Careful -  | ||||
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Volmax
Master |
03-Apr-2023 19:56
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https://www.youtube.com/watch?v=kic40Ln1dKU   CRAZY Mandai Rejuvenation ProjectCan see the site allocated for the Resort Project. ![]()   |
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Volmax
Master |
03-Apr-2023 19:20
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https://www.youtube.com/watch?v=FngudTXxYlQ CNA News - Singapore' s new Mandai eco-resort to open in 2023. Judging from the progress of the Project Site, I think Banyan Tree Resort likely to be operational in 1H2024. ![]() |
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Volmax
Master |
03-Apr-2023 19:04
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https://www.google.com/maps/@1.4064658,103.7903028,295m/data=!3m1!1e3?authuser=0 I think this could be the 4.6 hectares Project Site for the Mandai Resorts at the end of Mandai Lake Road. Can see the foundation for the various Pods and Resorts Main Body. https://tophotel.news/project-of-the-week-banyan-tree-mandai-singapore/ ![]()   |
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Volmax
Master |
03-Apr-2023 09:53
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https://www.mandai.com/en/about-mandai/media-centre/mandai-invites-you-to-get-closer-to-nature-with-new-resort.html
338 Room Mandai Resorts Opening In 2023! Likely Catalyst To Go Between 42 To 45 Cents. Next year Banyan Tree Holdings 30th Anniversary, I guessed Management might do a 1 for 5 Or 1 for 10 Bonus Issue to reward Shareholders and to increase the liquidity pool. DYODD AS ALWAYS! 🙂 |
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CP745360
Member |
29-Mar-2023 20:15
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NAV 56 cents. Good management. tks |
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Volmax
Master |
29-Mar-2023 18:10
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Added 355, Target 400 - 420 Sellers Drying Out, Cheong Anytime Soon. From POEMS Trading Central Banyan Tree Holdings Ltd forms bullish " Symmetrical Continuation Triangle" chart pattern Trading Central has detected a " Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Banyan Tree Holdings Ltd (B58:SGX-ST). This bullish signal indicates that the stock price may rise from the close of  0.345  to the range of  0.400  -  0.420. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.   |
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Volmax
Master |
09-Mar-2023 14:19
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Up 1.5 cent with moderate volume, likely to resume uptrend.![]() |
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Volmax
Master |
25-Feb-2023 14:04
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Bro, just hang on for Capital Gain, which will be better than the dividend. Banyan Tree growing spree is happening at a phenomenon rate, where World-wide Associates are managed under their various Brand Names and with 50 more such expansion in the pipeline. Already in the money and will add more before it start to run. ![]()
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