*Official* MasterLeong Thread

[MasterLeong]

http://www.marketwatch.com/story/why-the-next-bull-market-begins-now-2016-11-28

 

[Weaboo]

LATEST NEWS, CORPORATE
SPH raises stake in Chinatown Point Mall to 27.35%
By PC Lee / theedgemarkets.com.sg | November 28, 2016 : 8:39 PM MYT
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SINGAPORE (Nov 28): Singapore Press Holdings is increasing its stake in Chinatown Point Mall located along New Bridge Road which has a retail mall and four strata office units

SPH is making the acquisition under a partnership agreement with Perennial Real Estate Holdings.

Under the agreement, SPH and Perennial will acquire a 20% and 40% stake in Perennial Chinatown Point LLP (PCP LLP), the owner of Chinatown Point Mall, respectively.

The sale and purchase agreement was signed on Monday by SPH subsidiary CT Point Investments and Perennial subsidiary Perennial Singapore Investment Holdings with sellers LuxCo 98 S.A.R.L and Savills Fund Management GmbH, both of which are funds are managed by Savills Investment Management.

CT Point currently holds a 7.35% stake in PCP LLP. Following the acquisition, CT Point’s interest in PCP LLP will increase to 27.35%.

Under the agreement, CT Point and Perennial will acquire the 60% stake for a consideration of $30.9 million to be satisfied by cash, of which $15.4 million will be payable to each of LuxCo 98 and Savills FM.

The consideration was derived based on the agreed property value of $442.5 million less the outstanding bank borrowings of PCP LLP, adjusted for a 10% interest to each of LuxCo98 and Savills FM.

In its regulatory filing, SPH says the acquisition will have no material impact on the earnings and the net tangible asset per share of SPH for the financial year ending Aug 2017.

None of the directors of SPH has any interest, direct or indirect, in acquisition, it adds.

Shares of SPH closed 4 cents higher at $3.70 while Perennial closed 1 cent higher at 83 cents on Monday.

just now go chinatown point jiak... actually is quite crowded plus got dtf

 

[sherman1213]

heng my cdp got nothing insai...

i only buy 1 share in each company that i own
nothing to see lah

 

[wahkao3]

LATEST NEWS, CORPORATE
SPH raises stake in Chinatown Point Mall to 27.35%
By PC Lee / theedgemarkets.com.sg | November 28, 2016 : 8:39 PM MYT
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language*▼
SINGAPORE (Nov 28): Singapore Press Holdings is increasing its stake in Chinatown Point Mall located along New Bridge Road which has a retail mall and four strata office units

SPH is making the acquisition under a partnership agreement with Perennial Real Estate Holdings.

Under the agreement, SPH and Perennial will acquire a 20% and 40% stake in Perennial Chinatown Point LLP (PCP LLP), the owner of Chinatown Point Mall, respectively.

The sale and purchase agreement was signed on Monday by SPH subsidiary CT Point Investments and Perennial subsidiary Perennial Singapore Investment Holdings with sellers LuxCo 98 S.A.R.L and Savills Fund Management GmbH, both of which are funds are managed by Savills Investment Management.

CT Point currently holds a 7.35% stake in PCP LLP. Following the acquisition, CT Point’s interest in PCP LLP will increase to 27.35%.

Under the agreement, CT Point and Perennial will acquire the 60% stake for a consideration of $30.9 million to be satisfied by cash, of which $15.4 million will be payable to each of LuxCo 98 and Savills FM.

The consideration was derived based on the agreed property value of $442.5 million less the outstanding bank borrowings of PCP LLP, adjusted for a 10% interest to each of LuxCo98 and Savills FM.

In its regulatory filing, SPH says the acquisition will have no material impact on the earnings and the net tangible asset per share of SPH for the financial year ending Aug 2017.

None of the directors of SPH has any interest, direct or indirect, in acquisition, it adds.

Shares of SPH closed 4 cents higher at $3.70 while Perennial closed 1 cent higher at 83 cents on Monday.

another left pocket right pocket financial engineering transaction
no big deal

 

[Weaboo]

i only buy 1 share in each company that i own
nothing to see lah

1 share? comm gao gao

 

[lioninvestorco]

Omg stockbot is back?

Just want to say that my first stock was based on your analysis on ARA Asset and obviously I earned a bit of pocket money. Thanks man!

 

[Sinkie]

lioninvestorco

Junior Member

lioninvestorco's Avatar

Join Date: Nov 2016
Posts: 26

newbie paul lambart skill 1st class.

join in Nov 2016 and know SB.

He got blog one hor.. so not newbie at all, got write blog one usually is very godlike one

 

[Kinetic88]

Infact I think we should have a gpgt thread where everyone come in gpgt their cdp statement lol!

pls wait until unker mastered the PS skill than start the gpgt thread kym ?

peiseh to gpgt moi cdp statement unless moi can PSed it to show moi satki million $$ holding in DBS, OCBC, SIA etc etc blue cheat.

 

[lioninvestorco]

lioninvestorco

Junior Member

lioninvestorco's Avatar

Join Date: Nov 2016
Posts: 26

newbie paul lambart skill 1st class.

join in Nov 2016 and know SB.

Haha last time I don't have account ma. I was damn sian when he rage quit and deleted the main post in sgxcafe thread with all the portfolios (now no need liao)

 

[Kinetic88]

He got blog one hor.. so not newbie at all, got write blog one usually is very godlike one

oic, unker got eyes see no tarzan.

 

[akwl88]

starfish ish telling chiu the hard true.

#hardtruths

 

[Sinkie]

pls wait until unker mastered the PS skill than start the gpgt thread kym ?

peiseh to gpgt moi cdp statement unless moi can PSed it to show moi satki million $$ holding in DBS, OCBC, SIA etc etc blue cheat.

I thought today u photoshop n gpgt your $0.445 already?

 

[Sinkie]

I thought today u photoshop n gpgt your $0.445 already?

Mei mei 2 give unker great pleasure (monetary).

Photo shopped haha

 

[Kinetic88]

Name of that forum?

Potential 4th telco

MR forum????

unker ish PG.

 

[Kinetic88]

I thought today u photoshop n gpgt your $0.445 already?

Photo shopped haha

moi PS skill so lousy until can tell straight away ?

using moi Skill Future Fund to attend Adobe PS course nao.

 

[Daimon]

Our local banks fighting with AMDK Big Boys.

Barclays has raised almost a third less than expected from the $225m sale of its wealth and investment management business in Singapore and Hong Kong to Singapore’s Oversea-Chinese Banking Corp (OCBC).

When the deal was announced in April, Barclays had indicated it could fetch $320m from selling the business, which had $18.3bn of assets under management at the end of last year and was initially valued at about $500m.

However, when its Asian wealth management clients were given the choice of whether to join OCBC, some of them decided to either stay at Barclays or to join another bank, reducing the overall price of the deal, which was fixed at 1.75 per cent of assets under management.

Jes Staley, Barclays chief executive, said: “This is another example of the great progress we have made this year in Barclays non-core, as we aim to reduce risk weighted assets to £23bn in 2017 and reintegrate the remainder of the unit back into the group.”

The bank said it remained committed to Asia, where it still has offices in Singapore, Hong Kong, China, India and Japan after cutting jobs and pulling out of several smaller markets in the region.

Barclays said the deal would reduce its risk-weighted assets by about £800m. It follows the sale of the bank’s US wealth management business and of several retail banking and credit card operations in Spain, Portugal and Italy.

Last month, the British bank called time on 150 years in Egypt by selling operations in the north African country in a $500m deal, and it is in the process of selling down its 50 per cent stake in its larger South African-listed operation.

Singapore-based banks have been busy acquiring several of the Asian wealth management businesses that have been sold in recent years by foreign banks that decided to sell up having struggled to achieve sufficient scale.

ANZ Banking Group said earlier this year it was selling its wealth management and retail business in Singapore, Hong Kong and three other Asian markets to DBS, the Singapore-based bank that also bought Société Générale’s Asian private bank in 2014.

But some big western banks, such as UBS, Credit Suisse, HSBC and Standard Chartered, are still seeking to expand in Asian private banking and wealth management, betting on continued rapid growth in the number of millionaires and billionaires in the region.

DBS last year became the fifth largest private bank in the Asia-Pacific region, after UBS, Citi, Credit Suisse and HSBC, according to a ranking of assets under management for rich clients published by Private Banker International. It is the first time a Singapore bank has broken into the top five in Asian wealth management.

 

[eboxsingapore]

Thks you ~ shifu ~ ya for the penny stock actually was heard some rumors about it that's why just give it a try Neratel I just worried that will keep on decrease ...but thanks for your advice.

Neratel and equation are like small cap companies, i tend to avoid those without 5 or 10 year track record
Neratel has been around for very long, i see it as a dividend stock ratherthan growth stock
Cheers

 

[MasterLeong]

Thks you ~ shifu ~ ya for the penny stock actually was heard some rumors about it that's why just give it a try Neratel I just worried that will keep on decrease ...but thanks for your advice.

Neratel I around 2012 like that got see liao, think in the past was like a 40 cent stock that paid 4 cents dividends for 10% dividend yield

however now it has become a very different animal... the divided policy like changed liao, sometimes pay a lot sometimes pay little

 

[MasterLeong]

Omg stockbot is back?

Just want to say that my first stock was based on your analysis on ARA Asset and obviously I earned a bit of pocket money. Thanks man!

wow u also huat from ARA ah, nice one

good start on your investment journey, cheers

 

[MasterLeong]

http://foreverfinancialfreedom.blog...+Path+to+Forever+Financial+Freedom+(3Fs))&m=1

For those interested in high risk play

Not vested nor vesting