Yong Tai

Yong Tai

Postby winston » Fri Aug 03, 2018 9:41 pm

not vested

At the start of the month, Yong Tai’s critically-acclaimed Encore Melaka theatre made its maiden performance. So far, audiences have been showing strong interest.

Yong Tai’s expected growth in earnings will be largely underpinned by Yong Tai’s Encore Melaka.

With 70 percent of its annual capacity already locked in by travel agents, UOBKH singled out Yong Tai’s high earnings visibility as a plus point.

As operating cash flow improves, UOBKH thinks that there could even be dividends distributed.

BUY, TP RM2.10; Current Share Price $1.33

Source: Shares Investment
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Yong Tai

Postby winston » Sat Aug 18, 2018 5:57 am

not vested

Yong Tai seen as ‘best proxy’ to Chinese tourism

PETALING JAYA: Yong Tai Bhd remains the “best proxy” to booming Chinese tourism as Chinese tourist arrivals continue to chalk in new highs in recent years, according to Alliance DBS Research.

The group’s Malacca Straits-fronting Encore Melaka is poised to be a “resounding success”, tapping into the booming Chinese tourism in Malaysia which has seen an impressive tourist arrivals with compound annual growth rate (CAGR) of 10.2% over 2008 to 2017, compared to 1.8% for Malaysia’s overall tourist arrivals, making it the third largest tourist source market, the research house said.

In July, Yong Tai sold 32,400 tickets, which was short of its monthly target of 85,000, based on one million annual ticket sales.

However, the ticketing sales in July mainly comprised walk-in customers and online purchases, which accounted for 57% of the total sales.

“Encore Melaka offers a compelling value proposition with an estimated 20% internal rate of return (IRR) over the 30-year concession.

“This will transform Yong Tai into an emerging cash cow with strong recurring income,” said Alliance DBS Research.

The research house added that there is “immense potential” in the Melaka property market, which is targeting not just its 900,000 local population but also 16 million tourists that visit the World Heritage City annually.

Yong Tai’s strong unbilled sales of RM1.08bil will underpin strong earnings visibility over the next two years, it said.

Yong Tai’s share price plunged recently by as much as 23% since the announcement of its proposed acceleration of the conversion of the irredeemable convertible preference shares (ICPS) on Aug 1, 2018.

Source: The Star

https://www.thestar.com.my/business/bus ... DrSpIeE.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am


Return to S to Z

Who is online

Users browsing this forum: No registered users and 10 guests