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Finally broke out of $0.76
The recent rebound in oil prices following OPEC' s decision to reduce output from Jan 1 may also benefit GL. While GL is mainly in the hospitality business, it receives royalty income from the entitlement of Bass Strait' s oil and gas production in Australia.
This one re-rated, de-rated, re-rated, de-rated .... I sold abt 2 yrs+ ago, I think, at close to 1.00. That time also lots of rumours abt privatisation. End up, all rumour mongers' job.
think2profit ( Date: 19-Apr-2016 23:41) Posted:
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EPS has been improving significantly over last 2-3 years since the new CEO came in to rebrand and relaunch her hotel one by one. It is cheap to privatize now than its being re-rated by the market that may happen very soon.
Now also media speculation that Guocoland privatisation candidate as well. But I think hard to happen. Rare to see HL coys (whether Malaysian or spore controlled) privatise although I think they did try to take Gleisure pte some yrs back but faled.
Qanghoo ( Date: 18-Apr-2016 12:03) Posted:
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This one talk n talk for yrs already.
Msport ( Date: 18-Apr-2016 11:58) Posted:
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next privatize candidate??
Waiting patiently for this vlauation gap to narrow or close.
The Starwood Group (Sheraton, St Regis, Westin) is trading at 10 times Price to Book, while Shangrila (HK listed) is trading at over 5 times. Guocoleisure is trading at 0.8 times P/B. The valuation gap is huge !
There is a merger talk between Starwood and Intercontinental group. Would it stir up interest in Guocoleisure? GL is steadily building up its hotel chain brands, including Clermont, Amba and Every. Before you know it, we are sitting on one of Singapore homegrown global hotel chains. Dont miss this one.
Today chng kays very obliging.
Guocoland has already moved up substantially. When is Guocoland chng kays moving over to have some fun here?
Stock seems pretty overvalued from a pe and pb perspective compared to its historical averages. Coupled with a low dividend yield, there does not seem to be any cataylsts to drive the stock upwards at the moment unless the company can deliver strong organic revenue growth which seems to be lacking.
http://www.investark.com/Analysis53guocol3q15.html
Guocoleisure kept at &lsquo add&rsquo with unchanged price target of $1.18 by CIMB
By Trinity Chua / theedgemarkets.com | June 19, 2015 : 11:50 AM MYT
SINGAPORE (June 19): CIMB Research is maintaining its " Add" call for the hotel and property developer, Guocoleisure (GLL) with an unchanged target price of $1.18 for its promising ongoing development.
GLH, the hotel arm of GLL, has a new Value Centre General Manager (VCGM) model that is disrupting the conventional hotel investment and management business, says the research house.
GLL' s strategy for its hotel business is to focus on decentralisation - this is unlike large hotel chains that typically have centralised decision-making model.
" The VCGM model allows better employment of data science for yield control and guest experience enhancement," says CIMB.
According to CIMB, GLL is ready to reach out for new contracts by June next year.
Currently, it is focusing on hotel refurbishment and efficiency enhancement efforts at its 15 London hotels. And its ranking on TripAdvisor has improved.
CIMB adds, " We believe FY16 could be an earnings sweet spot for the group&rsquo s hotel business with the Hotel Marble Arch (a major 692-room hotel) added back to the room inventory under the Amba brand."
For its Clermont casino and Molokai property, GLL " sees no imperative" for disposing the assets at a discounted price given their passive investment nature, says CIMB.
GLL is trading lower 1.5% to $0.98 at 11:35 a.m. today.
is it just me or did anyone else notice that this counter always has ' fake' buyers who put up few hundred lots to try and create an impression that there is buying support then when selling intensifies, the bid queues just go away.
that sounds interesting, will do some research and read up the AR in the meantime. thanks!
lifeisgood ( Date: 11-Jun-2015 21:39) Posted:
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This is purely based on eyeballing the chart and my gut feel. However, the catalyst will be the asset disposal the company mentioned in its annual reports. I think there may be a major upside surprise on those asset valuation.
n3wbie ( Date: 11-Jun-2015 20:56) Posted:
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what is the catalyst if you don' t mind sharing?
lifeisgood ( Date: 11-Jun-2015 12:51) Posted:
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