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no news of mr koh buy..... u dun seem to like mr koh model?.... wonder y?
It is coming to > $0.30 soon :) Patient will pay!
Source
Price-to-Book : 0.45
BVS : S$0.6399
from shareinvestment
Global Premium HotelsPrice ? $0.25
Target ? $0.29
Economy and mid-tier hotel operator Global Premium Hotels (GPH) is expected to be a key beneficiary from the increase in tourism arrivals. The second largest operator of economy-tier hotels in Singapore, GPH has grown its portfolio of rooms by a compound annual growth rate (CAGR) of 10.9% p.a. from 2006 to 2011. This is significantly stronger than the hotel industry?s CAGR of 6.6% over the same period. This growth is expected to be put to good use as the Singapore Tourism Board projects tourism arrivals to increase at a CAGR of 6.6% p.a. until 2015. GPH?s portfolio is expected to grow further by about 15% with the development of an approximately 260-room Parc Sovereign (GPH?s mid-tier hotel brand) hotel at Tyrwhitt Road. Based on third party valuers? and management?s estimates, the development could potentially result in a $42m accretion. We initiate our coverage of GPH with a BUY recommendation. ? OCBC Investment (24 Sep)
share price up 10% , impressive.
295... pretty strong today
I would not bother making a reservation if it is not party time. Best just to turn up and look at few places and compare rates, facilities etc. Some are good and some are very bad particularly at the budget end of the scale.
Thanks
Koh Phangan Hotels
No BB interested on this counter only Mr Koh buying NAV $10 also no use
shygiraffe ( Date: 14-Feb-2014 16:30) Posted:
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CDL HT trading at $1.595 leh... NAV is $1.635.
not much discount wor....
GP hotel trading at $0.265 but NAV is $0.68....
U say ?
GLobal premium hotels NAV $ 0.68 , current market price is about 0.4 times NAV,
CDL hospitality trust is trading at 0.91 NAV value $1.635
Which is better?
from www.sbr.com.sg
According to the latest statistics from the Singapore Tourism Board, year-to- date November revenue per available room (RevPAR) only increased in the luxury segment by 9.74%, while the upscale, mid-tier and economy segments declined by 10.57%, 3.08% and 8.64% respectively. - See more at: http://sbr.com.sg/hotels-tourism/news/hotel-transaction-volumes-in-singapore-soared-4156#sthash.VKAirOBT.dpuf
GPH management expects 2014 to remain a challenging year for the local hospitality industry given the expanding hotel room supply and uncertainties in the global economy.
Aiyo, a lot of people have been staying in this hotel, If u dont mind your money stuck here.
GP HOTELS operate one of Singapore's largest chain of hotels providing economy-tier to mid-tier class of hotel accommodation with 22 hotels comprising of 1,712 rooms island-wide. Currently, they operate 23 hotels out of which 21 hotels are operated under our " Fragrance" brand and one hotel under the " Parc Sovereign" brand.
Most of the hotel property assets and hotel operations are located in the city or city-fringe areas.
Hotels in good location
haha 'Middle Class' is definitely a long shot for their hotels. There could be at most one or two of their hotels which will be tourist grade.
BLBMJPJS ( Date: 09-Feb-2014 20:09) Posted:
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GP Hotel has a middle class hotel! If high class no more available, GP Huat ah! NAV $.68??
their hotels are mostly love hotels! not high class at all. gotta do ur homework. vested
Secret_Squirrel ( Date: 09-Feb-2014 13:10) Posted:
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Today's sunday's times reported that Chinese tourists had overtaken Indonesian as top spenders in singapore. 1.24 million arrivals in first half of 2013, a hefty 27 per cent rise from the same period the previous year.
I think hotels like GP HOTEL should be doing well with the increase of Chinese tourist as their hotels are tourist class hotels
Global Premium Hotels: NAV climbs 62% to S$0.64
Author: kimeng | Publish date: Wed, 29 Jan 09:38
- 4Q13 results in line
- Operational outperformance
- Top hospitality pick for 2014
4Q13 results as expected
4Q13 results for Global Premium Hotels (GPH) were in-line with our expectations. Total revenue fell 1.4% YoY to S$15.0m and gross profit rose 0.9% to S$13.2m.
Administrative expenses contracted by 4.5% YoY to S$5.3m. Finance costs declined 9.4% to S$2.1m due to partial repayment of term loans and lower average interest rate. 4Q13 net profit climbed 20.1% to S$5.2m. FY13 revenue and EPS came to 100% and 105% of our prior respective full-year estimates. Under other comprehensive income, GPH saw revaluation gain of land and hotels buildings of S$259.5m. This helped to boost NAV to 64.0 S cents as of end-Dec from 39.6 S cents as of end-Sep. We understand that recent transactions in the industry drove the revaluations.
RevPAR more resilient than subsector?s
4Q13 hotel room revenue fell by S$0.2m or 1.2% YoY to S$14.7m. The decline was due to: (1) S$0.1m lower revenue contribution from Fragrance Hotel ? Elegance, which ceased operation following the expiry of its tenancy agreement on 25 Nov 2013 (GPH operated but did not own this hotel), and (2) S$0.6m lower revenue recognised from the remaining hotels. The decrease was partially offset by S$0.5m in higher revenue from Fragrance Hotel-Ruby following asset enhancement works. GPH?s average occupancy rate decreased 3.1 ppt YoY to 88.3% and RevPAR decreased by 5.3% YoY to S$92.3. GPH's operational performance figures continue to be significantly better than its peer group's. Singapore hotels in the Economy category saw RevPAR in Oct, Nov and Dec 2013 fall by 11.1% and 18.7% and 15.9% respectively on a YoY basis, according to the STB. GPH management expects 2014 to remain a challenging year for the local hospitality industry given the expanding hotel room supply and uncertainties in the global economy.
Maintain BUY
We maintain our FV of S$0.33 and BUY rating on GPH. The opening of the second Parc Sovereign hotel in 1H14 should lead to a significant earnings boost from 2H14. (Sarah Ong)
Source: OCBC Research - 29 Jan 2014
Global Premium Hotels' Q4 earnings up 20.1%
DESPITE a 1.4 per cent dip in revenue to $14.96 million, Global Premium Hotels ended its fourth quarter last year with a 20.1 per cent rise in net profit to $5.2 million.
Among factors contributing to the higher earnings was a 28.7 per cent decrease in income tax after recognising a corporate income tax rebate.
Global Premium Hotels paid $0.77 million in taxes for Q4, down from $1.1 million in the same period last year. A respective $0.2 million decrease in administrative expenses and finance costs also contributed to higher profits.
Partial repayment of loans and lower average interest rate led to a 9.4 per cent cut in the company's finance costs.