18-09-2014, 04:52 PM
One must not under-estimate the flight of Chinese $ - if they can... it doesn't take a lot of able Chinese after they flee their $ to look for a safe harbour...
From the readings, local Aussies have been priced out on top of the structural difficulties to bring out the supplies to cater to the demand.
The structural difficulties differs from state to state and since Australia is a big nation, even transparent policies can be a minefield for established players.
We have seen it in St****** where Ow is well known for his cautious and astute moves in all his business executions.
I have always highlighted the dangers of make it rich Singapore companies taking plunges into the Aussie property markets... hence there is a reason to pay a premium to buy an established management (not to mention that it was owned by Capland for more than 1 decade).
Apart from that, it appears that many have under-estimated Towkay's deep pockets... in addition, one should never rule out friendship and mateship for an established player like him.
He is certainly firing on many fronts:
i) he parted with some of his prized hotel assets into FHT and did not ask for any stake in the management company that is wholly owned by FCL, ie he is telling mkt... fee no worries... FCL will earn 100% despite owning 22% of FHT while Towkay owns 40% of FHT
ii) the passing of the moratorium deadline 10 July, where many analysts speculated that he will streamline his stakes in Thai Bev/F&N/FCL... no need to for the time being as price may not be right for him
iii) his ongoing bid for UE in his private capacity
iv) his participation in FCL perpertuals... ie his way of further funding FCL's supposedly fair priced catch in ALZ...
More interesting episode unfolding... stay tuned...
GG
From the readings, local Aussies have been priced out on top of the structural difficulties to bring out the supplies to cater to the demand.
The structural difficulties differs from state to state and since Australia is a big nation, even transparent policies can be a minefield for established players.
We have seen it in St****** where Ow is well known for his cautious and astute moves in all his business executions.
I have always highlighted the dangers of make it rich Singapore companies taking plunges into the Aussie property markets... hence there is a reason to pay a premium to buy an established management (not to mention that it was owned by Capland for more than 1 decade).
Apart from that, it appears that many have under-estimated Towkay's deep pockets... in addition, one should never rule out friendship and mateship for an established player like him.
He is certainly firing on many fronts:
i) he parted with some of his prized hotel assets into FHT and did not ask for any stake in the management company that is wholly owned by FCL, ie he is telling mkt... fee no worries... FCL will earn 100% despite owning 22% of FHT while Towkay owns 40% of FHT
ii) the passing of the moratorium deadline 10 July, where many analysts speculated that he will streamline his stakes in Thai Bev/F&N/FCL... no need to for the time being as price may not be right for him
iii) his ongoing bid for UE in his private capacity
iv) his participation in FCL perpertuals... ie his way of further funding FCL's supposedly fair priced catch in ALZ...
More interesting episode unfolding... stay tuned...
GG
(18-09-2014, 04:35 PM)specuvestor Wrote: [ -> ]I must be lazy as well since I am very skeptical where the demand is coming from when Aussie economy slowing down and unemployment rises. So prima facie supply not meeting demand is right but we have to understand the fine print
Towkay bought FNN/ centerpoint at peak of Singapore property cycle. The main difference is that he and Lippo were both very hardworking in shedding the assets. Is his timing really good or his execution?
