Banyan Tree

Re: Banyan Tree

Postby LenaHuat » Fri Mar 12, 2010 9:20 pm

I hve a dark hunch that this protest will be bloody. It's do or die for Thaksin's political future. And his family has fled BKK.
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Re: Banyan Tree

Postby millionairemind » Tue Apr 13, 2010 8:46 am

Published April 13, 2010

Banyan Tree ends Bahrain resort deal

Owner allegedly fails to pay $1.12m in outstanding fees


By NISHA RAMCHANDANI

RESORT operator Banyan Tree Holdings has terminated its management contract for the Banyan Tree Al Areen resort in Bahrain, after the owner of the resort allegedly failed to pay Banyan Tree an outstanding debt of some $1.12 million.

Banyan Tree had signed a settlement agreement with the owner, Al Areen Holding Company, in November 2009 to settle the outstanding fees.

However, after Al Areen allegedly failed to make the payment, Banyan Tree then filed a petition in Bahrain in March 2010 to wind up Al Areen Holding for the outstanding amount.

On April 8, Banyan Tree served a notice of intention to terminate the hotel management agreement. The next day, Al Areen took over resort operations, further breaching the management agreement, Banyan Tree said, adding that it will be taking legal action against Al Areen for this further violation of the management contract.

'A two-week period for orderly termination is required under our management contract,' said Ariel Vera, Banyan Tree's group managing director. 'However, upon issuance of the termination notice, the owner decided to further breach the contract and immediately take over the resort on April 9. This has resulted in infringements on our brand rights, and inconvenience and confusion to our guests and associates, travel partners and suppliers. We have no choice but to immediately cease our involvement with the resort.'

Banyan Tree Al Areen first opened in Bahrain in 2007, after the two parties signed a hotel management agreement in March 2005.

The group said that the termination of the agreement does not have any material impact on the net earnings per share and net tangible asset per share of Banyan Tree for the financial year ending Dec 31, 2010.
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Re: Banyan Tree

Postby winston » Tue Apr 13, 2010 8:52 am

Wonder how their Laguna Phuket is doing nowadays ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Banyan Tree

Postby Poles » Tue Apr 13, 2010 8:54 am

tough times for Banyan...
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Re: Banyan Tree

Postby winston » Fri May 14, 2010 9:50 am

Not vested.

BUSINESS TIMES -- Resort operator Banyan Tree aims to reduce its reliance on Thailand by managing spas and resorts in other parts of the world.

The firm hopes to reduce Thailand's contribution to earnings before interest, tax, depreciation and amortisation (EBITDA) to 42 percent of total EBITDA by 2013 from 67 percent in 2007.

Banyan Tree on Thursday reported a 2 percent rise in first quarter net profit to S$5.33 million.


Source: Reuters
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Re: Banyan Tree

Postby winston » Fri Oct 01, 2010 3:50 pm

Not vested. Up 8% on no news. So is everybody flocking to Laguna in Phuket ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Banyan Tree

Postby winston » Fri Nov 12, 2010 8:28 am

Not vested

BANYAN TREE HOLDINGS - Singapore resorts and spa operator Banyan Tree reported on Friday third-quarter net profit of S$108,000, reversing a loss of S$968,000 a year ago, as rooms bookings have improved in Thailand after some evidence the recent political situation has stabilised.


Source: Reuters
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Re: Banyan Tree

Postby winston » Fri Feb 24, 2012 8:44 pm

not vested

Banyan Tree's Q4 revenues flat at $85.4m, no dividends in FY2011 By CARINE LEE

Banyan Tree Holdings Limited on Friday said its net profit for the fiscal fourth quarter ended Dec 31, 2011 decreased 93 per cent to $1.41 million from a restated $20.21 million a year ago.

Operating profit of $6.5 million in the reporting quarter was $63.4 million lower than a year ago, as the group recorded a gain on sale of Dusit in the fourth quarter of 2010.

Revenue from Oct to De 2011 was flat
at $85.4 million, with turnover in Thailand lower mainly due to the closure of Angsana Laguna Phuket for renovation since July 2011, and soft-opened in December 2011.

The group's Banyan Tree Phuket's performance was also affected by reduced demand from the European market and room cancellations arising from the flood crisis in Bangkok.

For the full year ended Dec 31, 2011, the group's earnings decreased 92 per cent year on year to $1.55 million on the back of a 3 per cent increased in turnover to $329.49 million from $321.30 million a year ago.

Earnings per share for the year was 0.20 cents, down from 2.56 cents a year ago.

No dividend has been recommended for FY2011. A year ago, Banyan Tree declared a final cash dividend of 0.5 cents per share.

Source: Business Times

http://www.businesstimes.com.sg/sub/lat ... 38,00.html?
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Re: Banyan Tree

Postby winston » Thu Nov 15, 2012 5:45 am

not vested

Banyan Tree posts Q3 loss of S$2.78m By Angela Teng

Banyan Tree Holdings Ltd on Wednesday reported a net loss of S$2.78 million for the third quarter ended Sept 30, 2012, slightly lower than the net loss of S$2.89 million a year ago.

Loss per share for the period was 0.37 Singapore cent, compared to a loss of 0.38 cent previously.

Turnover for the period was S$78.65 million, a 19 per cent increase from S$66.22 million a year ago due to improved performance by the group's hotel investment segment.

Net profit for the nine months to September increased to S$9.86 million from S$145,000. Turnover for the nine months fell by 1 per cent to S$240.95 million.


Source: Business Times
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Re: Banyan Tree

Postby winston » Fri Feb 28, 2014 6:56 pm

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Robust unbooked property revenues; significant gains to reap come FY15. Laguna Shores/Park development in Phuket sold an additional 51 units in 4Q13, bringing the total units sold in FY13 to 151. As of 4Q13, the group had unrecognized revenues of S$64.9m, which is expected to be booked upon completion in FY15. The group intends to roll out further sales in its resorts across the region in 1Q14 (Bintan and Phuket).

Recommendation
Maintain BUY, TP S$0.79. BTH’s performance in 2014 will continue to be driven by its Maldives resorts, which should compensate for an expected weak outlook for its Thailand operations.

We note that Bangkok only accounted for <10% of its topline, which we believe impact of a direct impact from a further deterioration in the current political stalemate to be manageable for the group.

We maintain our BUY call, TP S$0.79 (based on 14x EV/EBITDA for its hotel business).


Source: DBS
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