Gallant Venture

Re: Gallant Venture

Postby winston » Wed Aug 17, 2016 8:29 pm

Jakarta Plans Tax Haven On Two Islands Near Singapore

Indonesia has earmarked two islands near Singapore as its own tax havens to prevent taxpayers from keeping their assets offshore – in Singapore, for example – a senior Cabinet minister has said.

The two islands being looked at are Bintan and Rempang, Coordinating Maritime Minister Luhut Panjaitan said on Friday, as reported by jakartaglobe.com news site.

Source: Straits Times
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Re: Gallant Venture

Postby winston » Fri Nov 11, 2016 10:37 am

vested

Gallant Venture's 3Q16 revenue dropped 13% YoY to S$389.8m while PATMI worsened from a loss of S$26.1m in 3Q15 to a loss of S$28.3m.
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Re: Gallant Venture

Postby winston » Tue Feb 28, 2017 11:02 am

vested

FY 2016

Revenue: -15%
Went from loss of Sin$163m last year to profit of Sin$40m
EPS: 0.014
PE: 10 @ 0.133
RNAV: Sin$0.39

Industrial Parks. Industrial parks revenue was higher due to the sales of factory but was offset by lower average rental rates and occupancy rates due depressed manufacturing activities and withdrawal of some factory leases.

Utilities. Utilities related revenue declined by S$4.6 mil due to lower operating hours in our tenants’ facilities and lower tariff charged to resort operators in line with lower fuel cost. However, this segment registered improved gross margin due to lower fuel costs (i.e. lower fuel oil price) and lower operating expenses due to cost saving initiatives.

Resort Operations. Resorts segment registered lower revenue from its ferry operations and rental related revenue. In FY2016, the loss from resorts segment was S$6.4 million as compared to FY2015’s S$4.3 million.

Property Development. In FY2016, our Property Development business registered a loss of S$9.6 million as compared to S$9.6 million loss in FY2015. Higher loss was due to higher operating expenses and absence of resort land sales.

Automotive. Automotive segment registered a lower profit of S$5.9 million as compared to FY 2015’s profit of S$43.8 million. This was mainly due to lower sales from passenger car, heavy duty equipment and higher facility / showroom rental expenses, manpower costs, and provision for doubtful debts and impairment.


http://infopub.sgx.com/FileOpen/GV_4Q20 ... eID=441022
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Re: Gallant Venture

Postby winston » Tue May 02, 2017 10:40 am

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: Gallant Venture

Postby winston » Thu May 11, 2017 7:32 pm

vested

1Q 2017

Revenue: -7%
Loss After tax: +195% (-Sin$44m vs -Sin$15m)
NTA: 0.385

IMAS’s passenger car results have been affected by the lack of new product launch versus the competitors.

Although IMAS’s commercial and heavy duty truck and equipment businesses continue to be weak, however we saw an improvement in sales compared with the previous period.

With the increase spending in the infrastructure by the Indonesian Government, we hope this and also the
growth from its financing services and vehicle service will contribute positively to IMAS.

The refocusing of our industrial parks business continues.

The utilities business has benefited from lower energy prices that may not continue.

We continue to pursue land sales in Bintan Resorts.


http://gallantventure.listedcompany.com ... KVV1.1.pdf
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Re: Gallant Venture

Postby winston » Sun Sep 10, 2017 10:11 pm

Paradise lost for some Bintan investors from Singapore

Investors pay $12 million in total for units
Developer pulls plug on condo-hotel project
Buyers say they did not get promised refunds

Buyers were promised annual returns of 9 per cent, and guaranteed they could later sell their unit back to the developer if they wished.

They were told construction would be completed by end-2015, but their concerns mounted as deadline after deadline was missed.


Mr Ng blamed his failing business on the delayed opening of the Bintan international airport, now pushed back to 2020. "


On the delay, Gallant Venture said the airport was originally planned as a regional chartered flight airport, but later got the chance to convert its domestic airport licence to an international one.


Six hotels and resorts opened in the past three years and Bintan Resorts has many more visitors these days, he said.

Tourist arrivals to Bintan Resorts grew from 487,475 in 2012 to 676,034 last year, buoyed by a spike in domestic tourists.


Source: Straits Times

http://www.straitstimes.com/singapore/p ... -investors
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Re: Gallant Venture

Postby winston » Wed Nov 22, 2017 9:00 am

vested

Private Placement @ Sin$0.133

Source: The Edge

https://www.theedgesingapore.com/gallan ... b-87358173
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Re: Gallant Venture

Postby winston » Mon May 21, 2018 8:45 am

vested

May 10, 2018

1Q, 2018

Revenue: +4%
Gross Profit: +9%
Loss: -83%
NAV: Sin$0.358

IMAS registered net profit of S$5.8 million in 1Q 2018 as compared to S$17.6 million net loss in 1Q 2017

While IMAS’s truck and heavy duty equipment, car rental, and spare parts and servicing businesses have all registered good growth, higher contributions from passenger vehicle segment, with launch of new vehicle models, is expected towards 2nd half of 2018 and into Year 2019.

We started 2018 with strong tourist arrival into Bintan and registered growth in Resorts and Ferry segments. Continue with this momentum and development of key industrial clusters in Bintan, we are hopeful that these core business segments will contribute positively to the Group.

Source: SGX

http://infopub.sgx.com/FileOpen/GV_1Q20 ... eID=504911
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Re: Gallant Venture

Postby winston » Mon Aug 13, 2018 1:56 pm

vested

Financial Statements And Related Announcement - Second Quarter And/ Or Half Yearly Results

Revenue: 0%
Loss After tax: -47%
RNAV 0.26

While IMAS’s truck and heavy duty equipment, car rental, and spare parts and servicing businesses have all registered good growth, higher contributions from passenger vehicle segment, with launch of new vehicle models, is expected towards 2nd half of 2018 and into Year 2019.

We started 2018 with strong tourist arrival into Bintan and registered growth in our Resorts and Ferry segments. Continue with this momentum and development of key industrial clusters in Bintan, we are hopeful that these core business segments will contribute positively to the Group.


http://gallantventure.listedcompany.com ... 8EMW.1.pdf
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Re: Gallant Venture

Postby winston » Mon Nov 05, 2018 8:48 am

not vested anymore

I have been sitting on this counter since 2014 and it's time to move on.

I have sold it last week and have moved the money into UOL.

It has been a long wait for things to turnaround and I'm now more worried about the Depreciating Rupiah, the long wait for the airport (2020?), the debts etc.

It's no longer on my watchlist.
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