Check out notes on Investment Prop and PPE. The Company has disclosed what was not being captured on the books. This is the unrealized value of its BS
(17-06-2013, 06:13 AM)greengiraffe Wrote: [ -> ]My take:
The excitement lies in the latent financial strength that is coming through in the next few years while the boredom lies in the predictability of locked in cashflow that is forthcoming and the conservatism of the experienced blokes running the show.
GG
(16-06-2013, 11:28 PM)BeDisciplined Wrote: [ -> ]Hi Guru and GG,
One said AR exciting, the other said boring and predictable.....what is so exciting and boring? Care to share?
With reference to my Guthrie GTS postings:
focus on Guthrie - GTS strategic partners - LKT (very tightly held but very undervalued and conservatively runned), LKH (new partner for new development projects since the success in PL Sq, incidentally, LKH was the contractor for the NEX that belongs to privately owned Indonesian $ and managed by Asiamalls - retail management arm of GTS)
LKH have been tying up with GTS for a number of years already. In fact, Invesco (Fund Manager behind SUN Ventures) is a quiet and unsung institution.
LKH has its roots in Malaysia via ex parent General Corp. I have been dreaming if Guthrie and Invesco may be leveraging on LKH and its ex Parent's knowledge to explore Malaysia in a very conservative but slow and steady fashion.
Whatever it is, $ is not an issue with all 3 parties and local knowledge and skill sets appears to be the missing pieces that Guthrie - Invesco are after.
With strong projected cash flowing through largely pre-sold projects, LKH appears to be another delisting candidate in time to come.
Vested
GG
I'm confused....Guthrie strategic parner is LKH or LKT?
(21-06-2013, 11:29 PM)desmondxyz Wrote: [ -> ]I'm confused....Guthrie strategic parner is LKH or LKT?
Answer is both. lately there is more partnership with LKH. Looks like the PL retail mall will be managed by Guthrie.
AWARD OF S$114.3 MILLION CONSTRUCTION CONTRACT
___________________________________________________
___________________
The board of directors of Low Keng Huat (Singapore)
Limited (“LKHS” or the
“Company”) is pleased to announce that the Company
has been awarded a S$114.3m
construction contract for the design and build of o
ne block of hotel development with
landscape deck, basement carpark, swimming pool & o
ther ancillary facilities at Jurong
Town Hall Road. The project is awarded by Tamerton
Pte Ltd, a wholly-owned
subsidiary of Genting Singapore PLC, and it is expe
cted to be completed in the first
half of year 2015.
hotel coming up at jurong east! June 2015!
It's quite a funny place to have a hotel. Any buddies stay near Jurong Town Hall can share how the area is like?
Jurong town hall is actually near Jurong East MRT station.
It's area is where Jcube, JEM and Big box (currently still building) are located. Our next general hospital will be built there and there is an office building tower there. So in terms of traffic and retail options, it is quite strong. The land is located at the map below
http://knowsgproperty.wordpress.com/tag/...n-pte-ltd/
At a conservative net margins of 5% after tax - LKH should net S$5.7m net profits.
LKH have previously participated in Genting Singapore's Resort World Sentosa developments - no big surprises here
(28-06-2013, 07:17 PM)TheMillennium Wrote: [ -> ]It's quite a funny place to have a hotel. Any buddies stay near Jurong Town Hall can share how the area is like?
Didn't make sense a year ago..
Now with shopping centres like Jem, Jcube, IMM, JP and the up and coming Westgate Mall, not to mention traditional tourist attraction like Chinese Garden, Japanese Garden, Jurong Bird Park, Science Centre etc.. I am not surprised that they would successfully open a hotel there..