Guoco Group 0053

Guoco Group 0053

Postby winston » Tue Sep 09, 2008 8:44 am

Not vested but I've very high regards for QLC..

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Guoco profit dives as investments slide

Mandy Lo


Guoco Group (0053) reported a 66 percent decline in net profit to HK$1.47 billion for the year ended June 30 on an 87 percent slump in principal investment contributions.

The global market downturn meant principal investments contributed HK$461 million to company profit compared to HK$3.5 billion last year.

Earnings per share were HK$4.52, versus HK$13.14 a year earlier, and Guoco declared a final dividend of HK$3, down from HK$3.30 in 2007.

Guoco posted other net loss of HK$703.1 million, compared to other net income of HK$2.33 billion, due to realized and unrealized investment losses of HK$1.47 billion. Last year it made an investment gain of HK$2.11 billion.

Operating profit of Guoco's Hong Kong business dropped almost 100 percent to HK$11.5 million from HK$3.42 billion, but UK operating profit rose more than 11-fold to HK$193.3 million.

Capital expenditure for the year more than doubled to HK$501.7 million from HK$227.5 million. UK capex doubled to HK$360 million and spending in China tripled to HK$133 million.

Turnover increased by 1 percent to HK$21.2 billion from HK$20.9 billion.

Non-investment securities sales revenue rose 26 percent to HK$8.6 billion from HK$6.8 billion, largely due to a 91 percent increase in property sales to HK$3.12 billion and 13 percent rise in hotel and gaming revenue to HK$3.7 billion.

Guoco closed at HK$81.50, up 1.3 percent.
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: Guoco Group 0053

Postby winston » Wed Feb 18, 2009 11:11 am

DJ MARKET TALK: JPM Cuts Guoco Target To HK$43.75 From HK$51

0953 [Dow Jones] STOCK CALL: JPMorgan cuts Guoco (0053.HK) target to HK$43.75 from HK$51 on worse-than-expected results for fiscal 1H ended Dec. 31, with loss of HK$2.5 billion, already worse than JPMorgan's FY expected loss of HK$1.5 billion.

Says surprise came from HK$1.4 billion loss on financial assets, derivatives instruments. Now forecasts larger FY loss of HK$10.81/share vs previous HK$4.57/share loss. Expects Guoco's principal investment to perform better in 2H as it doesn't expect another large loss from foreign-currency exposure.

But adds, other businesses like Guocoland, GuocoLeisure, still facing headwinds, unlikely to turnaround in short-term. Keeps Neutral due to valuation as stock trading at 6% discount to cash. Guoco down 3.6% to HK$45.50 at pre-open.
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Re: Guoco Group 0053

Postby winston » Wed Feb 18, 2009 11:22 am

Ticker Number not nice.

53 = Not Alive

But wait, 5+3 = 8 !
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Re: Guoco Group 0053

Postby winston » Wed Feb 18, 2009 2:42 pm

DJ MARKET TALK: Citigroup Cuts Guoco Target To HK$60 Vs HK$63.75

1242 [Dow Jones] STOCK CALL: Citigroup cuts Guoco (0053.HK) target to HK$60.00 from HK$63.75, valuing company at current net cash/share vs previous about 30% discount to NAV. Notes loss for fiscal 1H09 ended Dec. 31 at HK$2.5 billion, with HK$2.4 billion unrealized mark-to-market and foreign exchange losses.

Lowers fiscal FY10 EPS forecast by 1.4% to HK$2.55 from HK$2.59; also conservatively assuming additional 2H09 loss of HK$1.1 billion on notional amount of outstanding accumulators. Says to be conservative, assumes treasury assets will lose 15% in FY09E, but will generate a nominal 1% return for FY10E-11E.

But says despite gloomy 2009 outlook, Bank of East Asia (0023.HK) stake provides Guoco with solid banking franchise in HK, China, should provide long-term strategic value; adds not ruling out Guoco may further raise stake. Keeps at Buy as stock trading at more than 20% discount to net cash balance, 44% NAV discount. Stock +1.5% at HK$47.90
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Re: Guoco Group 0053

Postby winston » Thu Nov 26, 2009 12:10 pm

Not vested.

DJ MARKET TALK: Citi Upgrades Guoco To Buy; M&A Dominant Catalyst

1142 [Dow Jones] STOCK CALL: Citigroup bumps up Guoco (0053.HK) target price to HK$120.00 from HK$78.50, with new target now pegged at smaller 5% discount to NAV, which itself rising; upgrades stock to Buy from Hold.

Expects potential M&A activities to be dominant near-term catalyst for Guoco; notes 8 years after disposal of Dao Heng Bank at 3.2X P/B, Guoco returns to banking with investment in Bank of East Asia (0023.HK); estimates entry cost averages about HK$17.50/share (0.9X P/B), vs BEA now +5.2% at HK$35.40. Guoco +1.3% at HK$90.80.

Source: Dow Jones Newswire
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Re: Guoco Group 0053

Postby winston » Tue Mar 02, 2010 10:18 am

Not vested.

DJ MARKET TALK: Guoco May Outperform; 1H Swings To Pft;Higher Div

0858 [Dow Jones] Guoco Group (0053.HK) may outperform vs broader market, after reporting interim (July-December) net profit at HK$1.063 billion, vs loss of HK$2.505 billion year-earlier, with earnings supported by property operations, especially from Ascot Park in Nanjing and Changfeng project in Shanghai; net exchange gain of HK$6.73 billion (before finance cost and taxation) vs loss of HK$49.11 billion year-earlier also supportive to bottom line.

Increase in dividend payment, with interim dividend at HK$0.80 vs HK$0.50 year-earlier also likely to lure interest. But any upside in shares unlikely to be appealing, as outlook over China property portfolio not expected to be as favorable as last year, despite currently low valuation at around 0.65X historical P/B, says Ernie Hon at ICBC International.

"It's better to look for stocks with higher growth, as the overall outlook of Guoco is not expected to be really exciting." Stock ended down 0.7% at HK$79.30 Monday.

Source: Dow Jones Newswire
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Re: Guoco Group 0053

Postby winston » Sun May 29, 2011 1:02 pm

Not vested. What he's trying to do ?

DJ Guoco Raised Its Stake In Bank Of East Asia To 11.02% From 10.99%
Tuesday, 2011-05-26 19:27:00

HONG KONG (Dow Jones)--Guoco Group Ltd. (0053.HK) has raised its stake in Bank of East Asia Ltd. (0023.HK) to 11.02% from 10.99%, according to a disclosure filed to the Hong Kong stock exchange Thursday.

Guoco, which is controlled by Malaysian tycoon Quek Leng Chan, bought 540,000 shares in the bank on Tuesday at an average price of HK$31.565 each, according to the disclosure.

Bank of East Asia spokeswoman declined to comment on Guoco's latest purchase when contacted by Dow Jones Newswires


Source: Dow Jones Newswire
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Re: Guoco Group 0053

Postby Poles » Mon Jul 18, 2011 10:13 am

now QLC has got what he wants....Rank PLC w/o delisting...what's next on th line?? how to connect the dots between Rank, Guocoleisure & Guoman hotels???


http://www.guoco.com/eng/global/home.asp
Since by 1.00 p.m. (London time) on 15 July 2011 the Offeror had received acceptances ofthe Offer (after taking into account withdrawals received up to that time), which, togetherwith Rank Shares already owned by the Guoco Group, represented approximately 74.50%of Rank’s issued share capital (i.e. less than 75%), the Offer is now closed.
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Re: Guoco Group 0053

Postby Poles » Mon Aug 15, 2011 8:14 pm

http://www.thestreet.com/story/11219644 ... titialskip


Asia Group Takes American Airlines Stake
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Re: Guoco Group 0053

Postby Poles » Mon Aug 15, 2011 8:24 pm

why is Tan Sri Quek buying AMR??
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