GL Limited *Official* (SGX: B16)

[moonshotballer]

Guocoleisure

Anyone looking into Guocoleisure?

It rose 8% from last friday's closing price.

Guoco Group's valuation report should be out on 30 April 2013 and is said to be a catalyst for the revaluation of Guocoleisure's asset prices.

 

[urban_closet]

This stock has interesting potential, if you read the analysts' reports it seems that it is extremely undervalued.

 

[moonshotballer]

This stock has interesting potential, if you read the analysts' reports it seems that it is extremely undervalued.

Yeah I agree. Actually my broker was the pioneer that discovered this stock.

His name is Ernest Lim. Then afterwhich, several analysts picked up on it and it started to have its own reports.

Guoco Group recently was offered $100 for privatisation but then it caused it share price to drop.

Hopefully guocoleisure is really as precious as mentioned

 

[kenpachi82]

if all analyst reports were accurate.. we will all be warren buffet...
and the analysts themselves wouldn't need to work..
but i hope TS huated though, this stock seems more legit than chinafish etc

 

[urban_closet]

if all analyst reports were accurate.. we will all be warren buffet...
and the analysts themselves wouldn't need to work..
but i hope TS huated though, this stock seems more legit than chinafish etc

Agree with you on that, analyst reports are not to be believed at face value.

 

[moonshotballer]

if all analyst reports were accurate.. we will all be warren buffet...
and the analysts themselves wouldn't need to work..
but i hope TS huated though, this stock seems more legit than chinafish etc

yeah i have to agree, analysts always project a higher price so if we followed them, we will have to buy all the shares in the world.

but i saw an interesting point that they valued assets at cost and mentioned that it was e most conservative estimate.

since guoco group recently went for revaluation, we are expecting a revaluation report to be released next Tuesday.

I think it boils down to see how those 2 assets of Guocoleisure are valued.

 

[moonshotballer]

The valuation report for Guoco Group has been released yesterday.

We have extracted the valuation reports for the assets of GuocoLeisure,

Based on the valuation report, the fair value of Guocoleisure’s UK hotel assets and Molakai development properties as at 31 Jan 2013 is S$1.9b, which is S$300m (13%) below our SOTP valuation.

We are currently reviewing our recommendation and target price.

Credits - UOB Kayhian

 

[Jupiter2017]

Done a search in the forum but unable to locate the old GL (GuocoLeisure) thread, hence starting a new thread. Can Mod find the old thread ?

 

[Jupiter2017]

ANNOUNCEMENT CONCERNING MOLOKAI ASSETS

infopub.sgx.com/FileOpen/GL%20Annc%20-%20Announcement%20Concerning%20Molokai%20Assets%20-%20%2013Oct17.ashx?App=Announcement&FileID=474079

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...s-q1-net-profit-up-58-on-higher-hotel-revenue
Thu, Oct 19, 2017 - 7:22 PM

GL says Q1 net profit up 58% on higher hotel revenue
GL has posted a profit after tax for the first quarter ended 30 September 2017 of US$17.4 million, up 58 per cent from US$11 million in the previous corresponding period on higher hotel revenue offset by lower earnings from its gaming and oil and gas units.
Formerly known as GuocoLeisure Limited, GL said on Thursday that hotel revenue was higher despite fewer rooms available for sale due to the refurbishment of the Cumberland Hotel in this quarter.
This was mainly attributable to higher F&B, meetings and events revenue as well as overall improvement in room revenue from hotels other than Cumberland Hotel.
But this was offset by lower revenue generated from both gaming segment due to lower win margin, and lower Bass Straits oil and gas royalty income.
GL is an investment holding company with principal investments in hotel management & operations, gaming, oil & gas, property development and other areas in the leisure industry.
The company is the largest hotel owner operator in London with over 5,000 rooms, operating 17 hotels across 6 brands: Clermont Hotels & Residences, Amba Hotels, every hotels, Guoman Hotels, Thistle and Thistle Express.
In its 12-month outlook, GL said the factors continuing to affect the UK hotel industry are uncertainties over Brexit, and a higher than average projected increase in London room supply over the next year.
The UK hotel market experienced a strong boost in the first half of 2017 on the back of a weak pound, but this market strength is expected to slow going forward. "Our London hotels continue to operate in a challenging environment due to increasing operating costs from the implementation of the National Living Wage and imported inflation. The market is not expected to grow significantly and the group maintains a cautious outlook," the company said.
The company is continuing its refurbishment of The Cumberland Hotel and is on track to launch it as the 900-room Hard Rock Hotel London in the next financial year. The refurbishment programme is done in stages and will affect its total rooms available for sale during this period, it said.

 

[Jupiter2017]

http://www.businesstimes.com.sg/companies-markets/brokers-take-uob-hay-kian-issues-buy-on-gl
Tue, Oct 31, 2017 - 11:07 AM
Broker's take: UOB Hay Kian issues 'buy' on GL

UOB Hay Kian issued a "buy" call on GL Ltd citing a weakened sterling, the UK hotel market's high performance, and the potential asset disposal of GL's casino and Hawaii properties.
UOB has set a target price of S$1.185, or a 30.9 per cent increase from its current valuation.
GL, formerly known as GuocoLeisure or BIL International, is the mainboard-listed hospitality arm of Guoco Group. It invests mainly in hotel management and operations in the leisure industry.
The broker is initiating coverage as GL's "established status as a major player in the London hotel market and its diverse array of offerings near tourist hotspots only underline the quality of its portfolio and the massive discount of its share price to its fair value".
It added that the weakened sterling, which has made travel and accommodation cheaper in the UK, has a positive effect on hotel performance, with more growth expected in 2018.
"We think the potential sale of Clermont Club and Molokai Island will unmask the true potential of GL's hospitality assets and trigger a re-examination of its fair value." the broker said
UOB said that GL's new group managing director Tang Hong Cheong, also Guoco Group's president and CEO, was a catalyst in speeding up the process of selling these properties.
The broker said that the potential sale of these properties could streamline assets for a potential privatisation.
"Moreover, the upward momentum in big-ticket transactions in the London hotel market and continued strong investor demand for trophy assets might highlight the substantial hidden value in GL."
With GL's healthy balance sheet and steady dividends, investors can get paid to wait for positive share price catalysts, the broker said.
However, UOB noted that oil prices may affect GL's earnings, largely due to the sizable profits generated from its Bass Straits royalty.
Intensifying competition in the London hotel market and geopolitical risks and external events affecting tourism and property development were also highlighted as risks going forward.
On the Singapore Exchange on Tuesday, GL's shares were trading up 0.6 per cent at S$0.91 per share, as at 10.51am.

 

[Perisher]

Threads merged.

 

[Average]

in for a gd run

 

[winorlose]

whats up with GL?

 

[winorlose]

Something strange in the neighbourhood..

 

[winorlose]

Got buy? Got huat?

No buy no huat?