Banyan Tree

Re: Banyan Tree

Postby winston » Mon Oct 06, 2008 7:33 am

Distribution ?

Liberty Square Asset Management, LP reduced their stake from 7.05 % To 4.62 %
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Re: Banyan Tree

Postby LenaHuat » Fri Oct 10, 2008 9:33 am

This ticker is trying to lighten its asset structure by selling its ex bungalows/villas and leasing them back. After this 2008 global stock market crash, I think consumers will revolutionize their lifestyles and I wonder if BT's biz model will still be valid :?:
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Re: Banyan Tree

Postby millionairemind » Thu Nov 13, 2008 4:43 pm

Singapore
November 13, 2008, 3.54 pm (Singapore time)

Banyan Tree sinks into the red for Q3
By NISHA RAMCHANDANI

BANYAN Tree Holdings reported a net loss of $4.88 million for the third quarter ended 30 September 2008, and a flat revenue of $82.75 million as business was hit by the political turmoil in Thailand.

In comparison, the company earned a net profit of $49.1 million in 3Q07, bolstered largely by a one-off exceptional gain of $44.5 million then.

For the nine months ended 30 Sep, net profit plummeted 78 per cent to $13.98 million while revenue grew 19 per cent to $321.72 million.

'We are approaching the outlook of the group more cautiously given the increased deterioration of the global financial situation and a period of great uncertainties,' warned the group, adding that the political turmoil in Thailand, if protracted, could have significant impact. 'We expect fourth quarter results to be lower than last year.'

However, the group expects Banyan Tree to remain profitable for FY2008.
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Re: Banyan Tree

Postby LenaHuat » Mon Dec 01, 2008 9:12 am

The Thai situation will further erode BT's results for 2008.
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Re: Banyan Tree

Postby Poles » Mon Dec 01, 2008 11:51 am

i think this year & next is really bad for Bayan.
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Re: Banyan Tree

Postby winston » Mon Feb 09, 2009 3:53 pm

When the Qatar Fund was buying them, I was very tempted to also follow. Then, I waited as the Political Situation in Thailand was a concern and I recall that they have a big stake at The Laguna in Phuket. Am very grateful that I've learn some patience over the years.. :P

==============================================

From CIMB:-

Banyan Tree Holdings (S$0.47) - Impact of politcal uncertainties

According to Thailand's Immigration Bureau and Royal Thai Police, tourist arrivals at Suvarnabhumi Airport in Bangkok fell 27% to 2.1m people in Oct-Dec 08. Our FY08 earnings estimate for Banyan Tree continues to be substantially below consensus.

We believe that our estimates are reflective of the adverse impact of the global economic downturn and political uncertainties in Thailand. Management has guided that 4Q08 results are likely to be substantially lower yoy. Maintain Underperform and sum-of-the-parts target price of S$0.40. While Banyan Tree's strong brand is a huge asset, its business would be affected by the global economic slowdown and disruptions in Thailand. 4Q08 results will be released by end-Feb 09.
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Re: Banyan Tree

Postby Poles » Mon Feb 09, 2009 4:32 pm

take a look at the future project location. it is pretty interesting.
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Re: Banyan Tree

Postby winston » Thu Feb 26, 2009 8:39 am

BANYAN TREE - Resort, hotel and spa company Banyan Tree posted a fourth-quarter loss of S$7 million ($4.58 million) and full-year profits tumbled by 91 percent as people cut back on travel amid political turmoil in Thailand and the global economic downturn.
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Re: Banyan Tree

Postby Poles » Thu Feb 26, 2009 10:20 am

ooohnoo....it is getting cheaperrrrr...
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Re: Banyan Tree

Postby Poles » Sat Aug 01, 2009 12:23 am

Title : Banyan Tree's US$900m Vietnam resort on track for phase one development
By : Ryan Huang, Channel NewsAsia
Date : 31 Jul 2009 2148 hrs (GMT + 8hrs)

SINGAPORE: Hospitality group Banyan Tree is on track to develop one of Vietnam's largest integrated resorts.

The phase one development of its US$900 million beachfront project Laguna Hue will commence on Saturday with a groundbreaking ceremony.

The Singapore-listed company raised US$283 million for the project through a real estate fund established in 2008.

When the first phase of the 280-hectare project is completed in 2012, there will be two resorts -- an 18-hole golf course designed by British golfer Nick Faldo, and residential apartments for sale.

When fully completed, the project will add five more resorts as well as convention and shopping facilities.

Banyan Tree aims to replicate the success of its flagship Phuket resort, and gain a foothold in the growing IndoChina tourism industry.

Laguna Hue will be the largest hospitality investment by a Singapore-based company into Vietnam.

Executive chairman, Banyan Tree Holdings, Ho Kwon Pin, said: "We see the market for Laguna Hue to be very similar to the market for Laguna Phuket. There will be guests from Asia, like China, Japan, Hong Kong, and a lot from Europe also."

Banyan Tree said both resorts in Vietnam and Phuket will leverage on each other to create a stronger brand alliance such as in destination cross-marketing, events, and sales distribution.

The company said the economic crisis turned out to be a blessing in disguise for the project.

Ho said: "The global downturn affected the speed of our fundraising for the US$300 million by a few months, but at the same time, we're building now because construction costs are a lot lower.

“By the time the Banyan Tree and the Angsana Hotel, which is phase one of the project, open, that will be about two years from now. We think that's the time the world economy will be going strong, and we will be riding the wave, so we think the timing is very good."

Laguna Hue is an hour's drive from both Danang and Hue International Airports.

The location offers a unique attraction with two nearby UNESCO world heritage sites, Hoi An and Vietnam's ancient capital of Hue. The development is expected to generate some 6,000 jobs for the residents of Hue and its neighbouring provinces.

Over the next few quarters, Banyan Tree will continue to push ahead with its expansion plans, with resort and hotel openings expected in Hangzhou, China; Bali, Indonesia; Ras Al Khaimah, UAE and Acapulco, Mexico.

- CNA/yt
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