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Today HPL closed at 3.97 up 42c or 11.83%.
Range was 3.59 to 3.99 over 91800 sh traded.
Sudden interest pointing to some interesting corporate developments?
Or it' s just a flash in the pan?
Range was 3.59 to 3.99 over 91800 sh traded.
Sudden interest pointing to some interesting corporate developments?
Or it' s just a flash in the pan?
beware of capital calls. the development size is huge
MarketSensors ( Date: 10-Jun-2023 10:11) Posted:
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Redevelopment at Cuscaden road..😄
Hotel Properties H2 net profit rises to S$74.5 million on higher revenue
HOTEL Properties : H15 0% on Friday (Feb 24) reported a net profit of S$74.5 million for the second half of the year ended Dec 31, 2022, versus earnings of S$14.6 million in the comparable period for 2021.
Revenue for the period came in at S$276 million, up 58.1 per cent from S$174.6 million.
The board of directors has recommended a first and final cash dividend of S$0.04 per ordinary share, as well as a special dividend of S$0.01 per share. The date payable, as well as the books closure date, will be announced in due course, the company said.
Hotel Properties&rsquo FY2022 earnings came in at S$76.4 million, compared to a loss of S$7.7 million in FY2021.
Revenue for the financial year rose 52.7 per cent to S$525.5 million. The company attributed this to better performance by its hotels and resorts as most countries reopened their borders and treated Covid-19 as &ldquo endemic&rdquo .
Cash generated from operations improved significantly from S$56.6 million in 2021 to S$147.9 million for the year under review, Hotel Properties said.
Due to market volatility, the group suffered a mark-to-market fair value loss of S$17.3 million on long term investments for the year, compared to a fair value gain of S$45.1 million in 2021.
Finance costs for the year also increased to S$59.4 million from S$34.7 million due to higher interest rates and additional borrowings to fund investments.
Hotel Properties had announced on Dec 20 last year that it would dispose of all seven shop units that it owns in Ming Arcade in a collective sale.
The company said all registered proprietors of the units in Ming Arcade have since signed the collective sale agreement, and the completion of the sale will take place in May according to the terms of the sale contract.
Following the reclassification of these seven shop units, the group recorded a total fair value gain from investment properties of S$77.8 million for the year, compared to S$3.6 million in 2021.
Looking ahead, Hotel Properties said there are still challenges from political tensions, persistent inflation, rising interest rates, elevated commodity prices and logistic disruptions.
The company said the commercial office space of Paddington Square and premium commercial office building Bankside Yards West-Arbor in London were completed in December 2022.
It added that the completion of the London Underground ticket hall and related area comprising retail units of Paddington Square is expected this year, while the planning and development of the remaining phases of Bankside Yards continues.
And this year gives 1 cent special dividend
Everyday ( Date: 24-Feb-2023 19:58) Posted:
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Profit after tax for 2022 is 70.5m compared to a loss of 5.7m in 2021
Full details :
https://links.sgx.com/FileOpen/2023%2002%2024%20HPL%20Results%20Announcement%20Dec%202022.ashx?App=Announcement& FileID=747778
Full details :
https://links.sgx.com/FileOpen/2023%2002%2024%20HPL%20Results%20Announcement%20Dec%202022.ashx?App=Announcement& FileID=747778
Brokers&rsquo take: DBS initiates coverage on Hotel Properties Limited, portfolio primed for revenge travel
DBS analysts say RevPAR for HPL' s hotel division in FY2023 and FY2024 is likely to be driven by pent-up travel demand.
PHOTO: BT FILE
DBS on Monday (Feb 20) initiated coverage on Hotel Properties Limited (HPL), as analysts said the group&rsquo s prime hotel portfolio in tourist hotspots and countries with relaxed Covid-19 policies would poise it as a key beneficiary from a return of Chinese tourists.
Analysts Elizabelle Pang and Derek Tan noted that HPL&rsquo s revenue or revenue per available room (RevPAR) has returned to close to 90 per cent of pre-pandemic levels.
Coupled with the group&rsquo s portfolio in popular tourist destinations with eased Covid-19 rules, Pang and Tan said RevPAR for HPL&rsquo s hotel division in FY2023 and FY2024 is likely to come in at 109 per cent and 115 per cent above pre-pandemic levels, driven by pent-up travel demand.
HPL&rsquo s property segment is likely to get a lift in its medium-term earnings, once the upcoming mixed-use property development projects in London are completed, they added. These projects are estimated to contribute about S$45 million in associates and joint venture income from FY2023.
Other potential positive catalysts included unlocking the property group&rsquo s stake in Cuscaden Peak, possibly through a divestment of its stake of assets, which DBS believes can help drive an upside to HPL&rsquo s net asset value and subsequently, its share price.
The brokerage thus initiated coverage on HPL with a &ldquo buy&rdquo recommendation and a target price of S$4.35. The target price was based on a revised net asset value (RNAV) valuation of S$5.80 per share, with an assumed 25 per cent discount to the estimates.
So far no profit warning/guidance from HPL management. How much profit would the takeover of SPH contribute to HPL bottom line?
moonsun ( Date: 05-Jan-2023 14:14) Posted:
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Wow.. txs pointing out.. i miss that scoop. Then ball is on hos court as to when and price if he wanna privatise..
lifeisgood ( Date: 05-Jan-2023 13:47) Posted:
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OBS already bought over all the disputed shares ...
moonsun ( Date: 05-Jan-2023 11:01) Posted:
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Will only happen if family disputes, each want control of hpl and this buying up.. obs there no chance ..
Creative SWH passed away today and the share price rallies.
So would other stocks with OLD founders also follow suit?
So would other stocks with OLD founders also follow suit?
Hotel Properties Limited to sell Ming Arcade commercial units for S$61m
MAINBOARD-LISTED Hotel Properties Limited (HPL) : H15 0% on Tuesday (Dec 20) announced that it will sell all seven of its shop units in Ming Arcade to Singapore-based Royal Hiranandani for S$61 million.
The transaction was made by a collective sale by way of public tender, the hotel operator said in a bourse filing.
Ming Arcade was sold to Royal Group of Companies &ndash a Singapore-based family office controlled by billionaire Asok Kumar Hiranandani &ndash for S$172 million by a public tender exercise. The property investment and development company intends to redevelop its newly-purchased site.
The seven commercial units have an aggregate strata area of 1,774 square metres, and make up 54.63 per cent of the total strata area, as well as 54.6 per cent of the total share value of Ming Arcade.
The board believes that the sale is in the best interest of the group and shareholders as it will enable HPL to unlock the underlying value and realise its investments in the commercial units.
COLLECTIVE SALE OF COMMERCIAL UNITS AT MING ARCADE
The Board of Directors of Hotel Properties Limited (&ldquo HPL&rdquo or &ldquo the Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Group, through its wholly-owned subsidiaries, has agreed to dispose of all 7 shop units that it owns in Ming Arcade (&ldquo Sale Assets&rdquo ) in a collective sale, by way of public tender to Royal Hiranandani Pte Ltd, a company incorporated in Singapore which is an unrelated party of the Group. The aggregate strata area of the Sale Assets is 1,774 square metres representing 54.63% of the total strata area and 54.6% of the total share value of Ming Arcade, a seven-storey freehold commercial complex located at 21 Cuscaden Road.
The disposal of the Sale Assets (&ldquo Disposal&rdquo ) is expected to result in a gain of approximately $61 million for the Group.
The Board believes that the Disposal is in the best interest of the Group and shareholders as it will enable the Group to unlock the underlying value and realise its investment in the Sale Assets.
None of the directors, controlling shareholder or substantial shareholders of the Company has any indirect or direct interest in the Disposal, other than through their shareholding interests in the Company.
By Order of the Board
Heng Michelle Fiona / Lim Guek Hong Company Secretaries
20 December 202
The Board of Directors of Hotel Properties Limited (&ldquo HPL&rdquo or &ldquo the Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Group, through its wholly-owned subsidiaries, has agreed to dispose of all 7 shop units that it owns in Ming Arcade (&ldquo Sale Assets&rdquo ) in a collective sale, by way of public tender to Royal Hiranandani Pte Ltd, a company incorporated in Singapore which is an unrelated party of the Group. The aggregate strata area of the Sale Assets is 1,774 square metres representing 54.63% of the total strata area and 54.6% of the total share value of Ming Arcade, a seven-storey freehold commercial complex located at 21 Cuscaden Road.
The disposal of the Sale Assets (&ldquo Disposal&rdquo ) is expected to result in a gain of approximately $61 million for the Group.
The Board believes that the Disposal is in the best interest of the Group and shareholders as it will enable the Group to unlock the underlying value and realise its investment in the Sale Assets.
None of the directors, controlling shareholder or substantial shareholders of the Company has any indirect or direct interest in the Disposal, other than through their shareholding interests in the Company.
By Order of the Board
Heng Michelle Fiona / Lim Guek Hong Company Secretaries
20 December 202
BOD and Management fees good enough ?
MarketSensors ( Date: 14-Sep-2022 07:22) Posted:
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After buying SPH, what' s next? The share price is not moving at all!
https://www.straitstimes.com/singapore/transport/tel-stage-3-on-track-to-open-by-end-of-year-smrt-to-carry-out-testing
TEL stage 3 for orchard opening end of this year
TEL stage 3 for orchard opening end of this year
paddington square office space of 350,000sf fully leased.
look forward for updates on their retail units for lease
blitz99 ( Date: 03-Sep-2022 23:17) Posted:
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https://www.ft.com/content/56c884ee-8def-4b89-8b64-d7f321d82154
In another sign that demand is still there for certain blocks, Paddington Square, a 350,000 sq ft office in west London has been fully pre-let ahead of opening this year. Investment manager Capital Group has taken nine floors in the block developed by Sellar, expanding from its previous office space in Victoria. Retail group Kingfisher and packaging company DS Smith will also be tenants. Average rents in the block are £ 80-£ 90 per sq ft, a high figure for the area, according to one person with knowledge of the lease terms. James Sellar, chief executive of Sellar, said he was surprised by the depth of demand for new offices. &ldquo During the pandemic we saw the market go into the deep freeze. We didn&rsquo t get into leasing until the summer and all that pent up demand came out.&rdquo
In another sign that demand is still there for certain blocks, Paddington Square, a 350,000 sq ft office in west London has been fully pre-let ahead of opening this year. Investment manager Capital Group has taken nine floors in the block developed by Sellar, expanding from its previous office space in Victoria. Retail group Kingfisher and packaging company DS Smith will also be tenants. Average rents in the block are £ 80-£ 90 per sq ft, a high figure for the area, according to one person with knowledge of the lease terms. James Sellar, chief executive of Sellar, said he was surprised by the depth of demand for new offices. &ldquo During the pandemic we saw the market go into the deep freeze. We didn&rsquo t get into leasing until the summer and all that pent up demand came out.&rdquo
Singapore hotels charge highest average room rate in 10 years as visitors return
Elysia Tan
SINGAPORE - Singapore hotels' average room rate (ARR) rose to a near-decade high in July, extending growth for the sixth straight month, as global visitors returned with the reopening of international borders.
ARR in July was $259 - the highest since September 2012 when it was $261.66, according to the latest data from the Singapore Tourism Board (STB).
Year on year, ARR shot up 69.2 per cent from July last year, while it grew 7.7 per cent month on month.
Overall, hotel revenues reached $318.5 million for the month, more than 4½ times the level recorded in the corresponding period a year ago.
The increase in industrywide room revenue - which also rose month on month against $297 million in June - came as visitor arrivals surged to 726,601 in July, from 543,733 in the previous month.
Revenue per available room (RevPAR) rose to record a new post-Covid-19 high, hitting $204.99 in July, up 140.3 per cent from the previous year, and up 9.2 per cent from June.
Average occupancy rates increased to a multi-year high of 79 per cent, a hair above June' s 78 per cent and just 4 percentage points shy of the pre-pandemic rate of 83 per cent clocked in both December 2019 and January 2020.
Growth was also seen in July across all hotel categories, with ARRs of $126.44 in the economy segment, $206.80 in the mid-tier segment, $301.07 in the upscale segment and $538.27 in the luxury segment.
For the year to date, overall room revenue was $1.39 billion, higher than the amount earned for the whole of 2021.
For the first seven months of the year, ARR reached $220.93, up 47.2 per cent compared with the same period in 2021.
RevPAR was up 102.4 per cent for the period to $153.43, STB data showed.
The average occupancy rate rose 18.9 per cent from the same period last year to 69.5 per cent. THE BUSINESS TIMES