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Anyone vested in this company?
What exactly does the company do? The name of the company does not give much clue as to its business activities....unless it involves chivalry? Tongue
I think its one of Semb Corp associate company dealing with industrial parks.
(26-04-2011, 11:40 AM)Musicwhiz Wrote: [ -> ]What exactly does the company do? The name of the company does not give much clue as to its business activities....unless it involves chivalry? Tongue

Hey MW, sorry for the late reply, missed out on this post! Smile
Gallant is a joint venture between Salim Group (owner of Indo food & bank of central asia) and Semb corp. Their aim is to develop the industrial park in the Riau region (Bintan, Batam and Karimun island).

On Bintan island, Gallant owns 100 km of shoreline land. They plan to develop it into resorts, mimicking Bali. Recently, Kim Eng and DBS has published reports to highlight the developmental potential of Bintan. It's proximity to Singapore's growing tourism market is an attractive selling point to the investors.
(21-06-2011, 04:29 PM)Thriftville Wrote: [ -> ]
(26-04-2011, 11:40 AM)Musicwhiz Wrote: [ -> ]What exactly does the company do? The name of the company does not give much clue as to its business activities....unless it involves chivalry? Tongue

Hey MW, sorry for the late reply, missed out on this post! Smile
Gallant is a joint venture between Salim Group (owner of Indo food & bank of central asia) and Semb corp. Their aim is to develop the industrial park in the Riau region (Bintan, Batam and Karimun island).

On Bintan island, Gallant owns 100 km of shoreline land. They plan to develop it into resorts, mimicking Bali. Recently, Kim Eng and DBS has published reports to highlight the developmental potential of Bintan. It's proximity to Singapore's growing tourism market is an attractive selling point to the investors.

KE published a report for gallant. TP is $0.75.
More than double current stock price.

http://www.kimengresearch.com.sg/Downloa...120811.pdf

Bintan's international airport construction will boost Gallant's land value... currently land is booked at $3 per sqm (dirt cheap). Gallant has been selling land parcels at around $60 to $100+ per sqm to resort developers.

New US$79 million airport expected to boost investments in Bintan Resorts

A new airport that broke ground yesterday in Bintan Resorts is expected to double tourist arrivals as well as facilitate investments on the resort island.

“This latest project is a further reflection of Bintan Resorts’ commitment to push ahead with a slew of enhancements and upgrades to boost its destination appeal,” said BG (Ret) Chin Chow Yoon, executive chairman of Bintan Resorts International, at the ground-breaking ceremony. “With greater accessibility to the resort destination, this airport project will serve to enhance the value of the many investments already made here and to attract more investments in new resorts, holiday homes, food & beverage, retail and attractions, especially at the newly master planned Lagoi Bay Development.”

Billed as the first private international airport in Indonesia, the airport is located in Busung, Kuala Lobam – just a 30-minute drive south-west to the beach resorts.

To be built at a cost of S$100 million (US$79 million) by Gallant Venture Ltd, the addition of Bintan Resorts International Airport will enhance connectivity to Bintan Resorts which is currently only accessible via ferries.

According to Bintan Resorts, visitor arrivals reached a new high of to 470, 470 in 2011.

However, it expects this record to soon be greatly surpassed once the new airport is operational by 2015.

Visitor arrivals to grow in tandem with increasing hotel rooms

The airport’s ground-breaking ceremony will herald a new era for the island destination as a serious player in the real estate and tourism sectors.

Recently, two new resorts, The Grand Lagoi and Alila Villas Bintan broke ground in Lagoi Bay.

“Right now we have 1, 400 hotel rooms. With 500 new rooms, we are hoping to bring in 1 million tourists to Bintan Resorts in a year,” said Frans G Gunara, director at Bintan Resorts International Pte Ltd.

Gunara said Bintan Resorts is aiming to attract tourists from important markets such as China and India with a flying radius of about five hours.

The airport will feature basic and modest features, including one terminal building for a start, a 2.5km runway and ancillary facilities such as a control tower, fuel storage and a fire/rescue centre.

These infrastructures will enable the airport to accommodate planes like the Boeing 737s and Airbus 320s.
http://www.businesstimes.com.sg/premium/...2-20140808

PUBLISHED AUGUST 08, 2014
Finance costs drag Gallant into the red in Q2
BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT

A MORE than doubling of finance costs, from S$15.3 million to S$36.8 million, dragged Gallant Venture into the red in the second quarter despite revenue dipping just one per cent to S$554.3 million.
Gallant Venture, which in May last year acquired 52.35 per cent of PT Indomobil Sukses Internasional Tbk (Imas), yesterday posted a net loss attributable to equity-holders of S$12.1 million for April-June quarter, reversing from a net profit of S$8.5 million a year ago. Imas is one of Indonesia's two largest vehicle distributors.
Compensating factors in Q2 included a 4 per cent drop in cost of sales to S$471.3 million and an exchange gain of S$2.79 million, against an exchange loss of S$1.92 million a year ago. The revenue dip came as Imas' contribution dropped from S$559.2 million to S$554.3 million. The numbers were strictly not comparable as the year-ago period consolidated just two months of Imas' results.
Imas, which manages car brands such as Audi, Nissan, Renault, Suzuki, Volkswagen and Volvo, was hit by slower passenger car sales and the weakening of the rupiah against the Singapore dollar.
There is an article in The Edge last week highlighting Gallant Ventures and Landmark (listed in Malaysia) as the key drivers towards the development of Bintan as a tourist resort cum industrial park. Anyone has any comments as to whether this is a good value play? It is awfully cheap now at 26c (NAV 41c)
Genting bought Landmarks because it's the only company in Indonesia that has gambling license... But it's not possible to open casino in Indonesia right now, due to unstable political condition. Landmarks used to own Bukit Bintang Shopping center... It was sold to get enough funding to invest in Bintan... The plan is very impressive, called Treasure Bay.
Landmarks built Canopy hotel and got Marriott to manage it.
Marriott enters glamping arena with tent resort on Bintan Island in Indonesia
  • Natra Bintan, handy for visitors from Singapore and Johor in Malaysia, has 100 air-conditioned tents with Wi-fi, LCD televisions and four-poster beds
  • Plus, Soneva resorts bring in ex-England players to provide Rugby World Cup commentary, and Mandarin Oriental, Bangkok launches a photography tour with Leica
[Image: b9b7d69c-af76-11e9-a61f-bc570b50c4e7_ima...1564652396]

The Canopi Bintan, A Tribute Portfolio Resort, or the Natra Bintan, Marriott’s first glamping resort on the Indonesian island of Bintan.
The rather unappealing portmanteau word “glamping” was officially adopted by the Oxford English Dictionary in 2016, and described as a blend of either glamour or glamorous, and camping. A February 2005 report in the The Guardian newspaper was given as the earliest example of its usage: “These days it’s more ‘glamping’ than camping, with the best companies offering state-of-the-art pre-erected tents and luxe mobile homes with ensuite bathrooms that feel like an Oscar-winner’s trailer.”
Luxury tented camps (or glampsites, as some sadly prefer to call them) seem to have been set up all over the world in recent years, but glamping has generally remained the preserve of smaller, boutique companies.
 Earlier this year, however, the world’s largest hotel chain, Marriott International, announced its “first glamping experience” when it took over the running of The Canopi Resort, on the Indonesian island of Bintan, southeast of Singapore. Operated by Marriott’s “colourful and quirky” Tribute Portfolio brand, the resort became The Canopi Bintan, A Tribute Portfolio Resort, and glamping went mainstream.
Last month, the name was shortened to the more exclusive-sounding Natra Bintan. Still part of the Tribute Portfolio, it now promises 100 large, safari-themed tents offering “a personification of the glamping experience that brings to life the concept of being one with nature”, albeit with LCD televisions and Wi-fi, and “made complete with a lush garden and outdoor patio, four-poster bed and air-conditioning.”
The property recalls its humbler origins (it first opened in 2015 with 40 tents) with a single all-day-dining restaurant, and an enlarged tent area now evoking a 19th-century military encampment.
Located within the huge Bintan Resorts enclave, on the edge of Treasure Bay’s Crystal Lagoon (“Southeast Asia’s largest man-made seawater lagoon”), Natra Bintan can be found at
marriott.com
where, at time of writing, it was still operating under its previous name. A ferry trip from Tanah Merah Ferry Terminal, near Singapore’s Changi Airport, and short car transfer will get you there in about an hour or so.
For more high-end resorts and other recreational facilities in the area, see
bintan-resorts.com
.
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