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Global Premium Hotels - GPH - (SGX Code: P9J) Post Reply Rate topic
tradehuathuat Veteran	10-Sep-2012 11:03        tradehuathuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Congrats to al who buy GP HOTEL last week $0.24
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sanuks Veteran	10-Sep-2012 10:12        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	woa! surge in volumn this morning - 14,880,000 ......
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sanuks Veteran	06-Sep-2012 21:15        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	As Singapore Reinvents Itself, Hoteliers Reap Windfall By CNBC | CNBC  – Even as Singapore's trade-dependent economy faces risks in the wake of a global slowdown, one sector in this Southeast Asian island state stays upbeat. In this year's Forbes rich list for Singapore released in July, 10 of the 40 wealthiest individuals were either hoteliers or property tycoons with a growing stake in the hospitality business - an indicator of the robustness of the industry. The owner of budget chain, Hotel 81, Choo Chong Ngen made his debut on the list at No. 25 with a net worth of $690 million. Snapping at his heels at spot 26 was another newcomer Michael Kum with a net worth of $670 million. His M& L Hospitality Trust has many hotels in its portfolio. The largest listing in the city state's otherwise lackluster market for new issuances was also from the hospitality sector, with Ascendas Hospitality Trust raising $600 million in July. The hotel industry has had a great year so far with total room revenues over the first half hitting $1.1 billion, according to the Singapore Tourism Board, a jump of 6.6 percent year on year. The sector is reaping the benefits of a growing number of visitors, who continue to flock the tiny island for leisure and business. A financial hub and gateway to the Far East, Singapore has continuously been reinventing itself to attract visitors. From 2008 it has been hosting the Formula One's only night race and in 2010 opened its first casino. It is also increasingly positioning itself as a medical tourism and educational hub. " Singapore's unique proposition is that it has a good mix of demand drivers like medical, convention and education tourism that insulate it from the vagaries of leisure tourism. There is no one reason that draws visitors here," says Robert McIntosh, Executive Director of CBRE Hotels, advisors to the hospitality industry. Nearly 6 million people visited Singapore over January to May 2012, an increase of 12.3 percent year on year, boosting daily room rents and occupancy rates at its hotels, according to the Singapore Tourism Board. In the first quarter of the year average daily room (ADR) rates rose more than 11 percent year on year to $206 and revenue per available room (RevPar) grew 14.7 percent to $178, according to CBRE Hotels. The occupancy rate in the first quarter was 87 percent, the same as last year, but industry experts expect full year occupancy rates to beat that. " The historic high RevPar is an indication that the hospitality industry is performing very well. This reverses our earlier assessment that global events may cast a shadow on hotel performance in Singapore," says McIntosh. Singapore's average room rents have beaten those of other big Asian cities. In June, for example, Singapore hotels were commanding an average daily room rent of $230, while in Seoul the rents were $185. In the first six months daily room tariffs have fallen 0.1 percent in neighboring Kuala Lumpur, while in Shanghai they are down 3.2 percent, according to CBRE Hotels. Year-End Boost As the global economic uncertainty worsens, there are doubts whether the sector will continue to deliver on good growth. The Ministry of Trade and Industry had said in August that tourism had begun to slow, according to a Reuters report. But Derek Tan, Hotel Industry Analyst at DBS Vicker Research, says the second half of the year could be even better for Singapore's hotel industry as it is traditionally the peak period. " With a pick-up in conference activity and events, we believe the overall industry has room to catch up with industry leaders like Marina Bay Sands and Resort World Sentosa commanding occupancy above 90 percent despite the average ADR touching a high of $320 a night," Tan said. Marina Bay Sands, subsidiary of Las Vegas Sands, Singapore's iconic landmark of three hotel towers topped by a floating sky park that opened in 2010 has grown into its hottest tourist destination with its Las Vegas-style casino, while Resorts World Sentosa's key attraction include the Universal Studios theme park besides a casino. Singapore is targeting 13.5 million to 14.5 million visitor arrivals in 2012, more than the 13.2 million people who visited Singapore last year, according to the Singapore Tourism Board. The city plans to achieve this by continuously adding to its list of attractions. In May 2012, Asia's largest $400 million Marina Bay Cruise Center was completed raising Singapore's potential as a cruise gateway to Southeast Asia. In June 2012 the Gardens By the Bay, a horticulture sanctuary of forest clouds and flower domes on 250 acres of reclaimed land was also launched. As Singapore prepares to welcome even more tourists, the number of hotel rooms are expected to increase 26 percent by 2016 according to data from CBRE Hotels. But industry experts see no danger of a glut in the market. " The market has experienced tight room inventory recently. The additional supply would alleviate the room crunch experienced by Singapore," says David Ling, Chairman, China and Southeast Asia at hotel consultancy HVS. Asok Hiranandani, proprietor of the real estate and hotel firm Royal Group Holdings, who also made it to the Forbes rich list this year, says, " For another five years, at least, I see the hotel boom continuing. Asia is poised to be the engine of growth and this will keep hotels in robust health."
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tradehuathuat Veteran	03-Sep-2012 12:13        tradehuathuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	GP HOTEL $0.24 do look out for
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sanuks Veteran	23-Aug-2012 09:06        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	Source: SGX - 21 August 2012  (Incorporated in the Republic of Singapore) (Company Registration No. 201128650E) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF FRAGRANCE HERITAGE PTE. LTD. (“FHPL”) Unless otherwise defined herein, capitalised terms used herein shall bear the same meaning ascribed to them in the announcements dated 25 May 2012, 11 July 2012, 2 August 2012 and 10 August 2012 (the “Announcements”) issued by Global Premium Hotels Limited (the “Company”). Completion of Acquisition Further to the Announcements, the Directors of the Company are pleased to inform the shareholders of the Company that the Company has today completedthe Acquisition upon satisfaction of all the conditions precedent contained in the Share Transfer Agreement dated 24 May 2012. Use of Proceeds The Company wishes to announce that of the net proceeds of S$125.3 million raised from the IPO (the “Proceeds”): (a) an amount of S$S$15,128,233 has been utilised to repay the Vendor the remaining balance of the purchase consideration for the Acquisition and (b) an amount of S$16,800,000 has been utilised to  repay the Vendor the outstanding loans owing by FHPL to the Vendor as at 31 March 2012, pursuant to the terms of the Share Transfer Agreement dated 24 May 2012. An update on the utilisation of the Company’s IPO Proceeds is provided below: Intended Use Amount Allocated (S$) Amount Utilised (S$) Balance Amount (S$) Partial repayment of the purchase consideration                     74.8 million  74.8 million                    -                        Development and expansion of hotel business and operations in Singapore and overseas                     30.0 million  25.1 million  4.9 million Working Capital purposes                     20.5 million  16.8 million  3.7 million Total  125.3 million  116.7 million  8.6 million Note: (1) includes net proceeds of S$13.2 million arising from the exercise of the Over-allotment Optionby the Stabilising Manager (both terms as defined in the prospectus of the Company registered by the Monetary  Authority of Singapore on 18 April 2012). The utilisation is in accordance with the intended  use of Proceeds and in accordance with the percentage allocated, as stated in the Prospectus. The Company will continue to make further announcements via SGXNET when the remaining proceeds of the Company’s initial public offering are materially disbursed.
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sanuks Veteran	22-Aug-2012 10:56        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	After facebook lock out period end, its stock tumble further.  Do you think, it will happen to this counter? I think the lock out period for this counter is approaching...  Name of holders of New Shares (’000) Circumstances giving rise to the Allotment under the Placement 2G Capital Pte Ltd - 38,000 Allotted Eastspring Investments (Singapore) Limited - 38,000 Allotted. JF Asset Management Limited - 36,300 Allotted. DWS Investment GMBH - 22,500 Allotted. James Caird Asset Management - 22,500 Allotted. Trafalgar Capital Management  Ltd - 22,500 Allotted
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sanuks Veteran	16-Aug-2012 10:14        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	Lim Chee Chong, CEO of Global Premium Hotels  BUY - OPEN MARKET - 100,000 Shares - 0.240 Cents - 15-Aug-2012 (Yesterday)
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sanuks Veteran	14-Aug-2012 15:22        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	Ai Yo Yo!!! jerk up in split seconds from 0.235 to 0.245 Cents.
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sanuks Veteran	14-Aug-2012 13:53        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	Ar!!! I see. Dividend is the culprit here.  Fragrance has run up quite a lot. Will wait at the sidelines. " Yim Kopi and wait....." .  commando      ( Date: 14-Aug-2012 12:40) Posted: Div not good la.....buy fragrance better
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commando Veteran	14-Aug-2012 12:40        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	Div not good la.....buy fragrance better
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sanuks Veteran	14-Aug-2012 11:32        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	GP Hotels falls to .235 Cents. Despite the dividend announcement. Anyone know the possible reason  why the share price weaken?
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sanuks Veteran	12-Aug-2012 14:23        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	That is a very good question. Probably there is something going on that we do not know. Anyone out there, who know, please share your 2 cents.  My guess is probably due a news headline :- Global Premium Hotels’ 2Q earnings fall 44% to $3.6m  Global Premium Hotels, the owner and operator of the second largest economy-tier hotel chain in Singapore, said for the three months ending June 30 (2Q2012), earnings fell 43.7% to $3.6 million from $6.4 million a year ago even though revenue increased 11.8% to $15.2 million from $13.6 million. For the six months ended 30 June 2012 (1H 2012), it reported earnings of $10 million from $10.77 million a year ago (1H 2011), a drop of 7.1%. The group achieved 1H 2012 revenue of $30.1 million, an increase of 19.6% year-on-year as compared to the corresponding period last year. Revenue rose mainly due to stable operations of the 3 hotels that commenced operations in 2011-Parc Sovereign, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside. These three hotels along with the better performance of Fragrance Hotel-Emerald, contributed an aggregate increase of $4.8 million for 1H 2012. Consequently, the group’s Average Occupancy Rate (AOR), surged 10.5p.p to 90.7% for 1H 2012. In tandem with the increase in revenue, gross profit improved 18.1% y-o-y to $26.2 million for 1H 2012. However, gross profit margin felt 1.2 percentage point to 87.1% from 88.3%. The board has declared an interim dividend of 0.2 cents per share. tedsokny      ( Date: 12-Aug-2012 10:04) Posted:   Any idea why share px lower after declare div?      1H NP-7%, 2Q NP -43%    Outlook Singapore tourism arrivals in 2012 are expected to increase with the line-up of new attractions including Gardens by the Bay, River Safari, and Marine Life Park. Supported by enhanced tourism infrastructure with the opening of the Singapore International Cruise Terminal, the terminal has effectively doubled berth capacity, further advancing cruise tourism in Singapore. In line with these initiatives, Singapore visitor arrival grew 12.3% yoy from January to May 2012 to reach 5.9 million visitors1, on track to meet the Singapore Tourism Board’s forecast of 13.5-14.5 million visitor arrivals  for 2012. Despite the tourism statistics pointing towards a positive outlook for 2012 in Singapore, global economic conditions continue to remain volatile, weighed down by the European debt crisis and slowing economic growth in the United States and China. Consequently, this may have an impact on visitor arrivals and the overall hospitality sector. Hence, the Group remains cautiously optimistic for 2H2012. –
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tedsokny Senior	12-Aug-2012 10:04        tedsokny About Contact  Quote this Post!   Yells: "Have a Angkor Beer!"
x 0   x 0  Alert Admin	Any idea why share px lower after declare div?      1H NP-7%, 2Q NP -43%    Outlook Singapore tourism arrivals in 2012 are expected to increase with the line-up of new attractions including Gardens by the Bay, River Safari, and Marine Life Park. Supported by enhanced tourism infrastructure with the opening of the Singapore International Cruise Terminal, the terminal has effectively doubled berth capacity, further advancing cruise tourism in Singapore. In line with these initiatives, Singapore visitor arrival grew 12.3% yoy from January to May 2012 to reach 5.9 million visitors1, on track to meet the Singapore Tourism Board’s forecast of 13.5-14.5 million visitor arrivals  for 2012. Despite the tourism statistics pointing towards a positive outlook for 2012 in Singapore, global economic conditions continue to remain volatile, weighed down by the European debt crisis and slowing economic growth in the United States and China. Consequently, this may have an impact on visitor arrivals and the overall hospitality sector. Hence, the Group remains cautiously optimistic for 2H2012. –
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sanuks Veteran	11-Aug-2012 23:05        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	UOB Kay Hian - Analyst Coverage - GP Hotels
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sanuks Veteran	11-Aug-2012 22:55        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	APPOINTMENT OF NON-EXECUTIVE DIRECTOR The Board of Directors of Global Premium Hotels Limited (“the Company”) is pleased to announce the appointment of Mr Periakaruppan Aravindan as Non-Executive Director of the Company with effect from 10 August 2012. The particulars of Mr Periakaruppan Aravindan pursuant to the requirements of Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”) will be furnished in a separate announcement. Following the above appointment, the Board of Directors of the Company now comprise of the following members:- Board of Directors Koh Wee Meng (Non-Executive Chairman) Lim Chee Chong (Chief Executive Officer and Executive Director) Periakaruppan Aravindan (Non-Executive Director) Kau Jee Chu (Independent Director) Woo Peng Kong (Independent Director) Kwan Chee Wai (Independent Director) Source: SGX
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sanuks Veteran	11-Aug-2012 22:53        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF FRAGRANCE HERITAGE PTE. LTD. (“FHPL”)  Unless otherwise defined herein, capitalised terms used herein shall bear the same meaning ascribed to them in the announcements dated 25 May 2012, 11  July 2012 and 2 August 2012 (the “Announcements”) issued by Global Premium Hotels Limited (the “Company”). Further to the Announcements, the Directors of the Company are pleased to inform the shareholders of the Company that the Company has been notified that FHPL has on 8 August 2012 obtained the Grant of Written Permission from the Urban Redevelopment Authority of Singapore to redevelop the Property as a hotel development. Pursuant to the terms of the Share Transfer Agreement dated on 25 May 2012, completion of the proposed Acquisition is targeted to take place on 21 August 2012 subject to, amongst others, the Company obtaining approval from its shareholders atthe EGM to be convened on 17 August 2012 for the proposed Acquisition. The Company will make further announcements on any material developments.
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sgnewbie Master	08-Aug-2012 09:57        sgnewbie About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://sgxreports.blogspot.sg/2012/08/global-premium-hotels.html
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sanuks Veteran	02-Aug-2012 23:08        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	- EGM - NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVENthat an Extraordinary General Meeting (“EGM”) of the Members of Global Premium Hotels Limited (the “Company”) will be held on Friday, 17 August 2012 at 9.00 a.m. at 168 Changi Road #05-01 (Attic level) Fragrance Building Singapore 419730 for the purpose of considering and, if thought fit, passing with or without any modification, the following Ordinary Resolution: AS ORDINARY RESOLUTION THE PROPOSED ACQUISITION OF FRAGRANCE HERITAGE PTE. LTD. THAT: (a)    Pursuant to Chapters 9 and 10 of the listing manual of the Singapore Exchange Securities Trading Limited (the “Listing Manual”), approval be and is hereby given for the acquisition by the Company of the entire issued and paid-up share capital of Fragrance Heritage Pte. Ltd. from Fragrance Group Limited (the “Vendor”) which constitutes an interested person transaction under Chapter 9 of the Listing Manual and a major transaction under Chapter 10 of the Listing Manual, on the terms and conditions of the Share Transfer Agreement dated 24 May 2012, entered into between the Company and the Vendor and (b)  any of  the  Directors    of  the Company be and is    hereby authorised to complete and do all  such acts  and things  (including without    limitation, to execute all such documents as may be required and to approve any amendments, alterations or modifications to any documents) as they or he may consider desirable, expedient or necessary to give effect to the transactions contemplated by this Ordinary Resolution. By Order Of The Board Mr. Keloth Raj Kumar Company Secretary, Singapore 02 August 2012 Notes: 1.  A member of the Company entitled to attend and vote at the EGM of the Company is entitled to appoint not more than two (2) proxies to attend and vote on his/her behalf. A proxy need not be a member of the Company. 2.  Where a member appoints two (2) proxies, the appointments shall be invalid unless he specifies the proportion of his shareholding (expressed as a percentage of the whole) to be represented by each proxy. 3.  A corporation which is a member may appoint an authorised representative or representatives in accordance with Section 179 of the Companies Act, Chapter 50 of Singapore to attend and vote for and on behalf of such corporation. 4.  The instrument appointing a proxy or proxies must be under the hand of the appointor or of his attorney duly authorised in writing. Where the instrument appointing a proxy or proxies is executed by a corporation, it must be executed under its common seal or signed on its behalf by an officer or attorney duly authorised in writing. 5.  Where an instrument appointing a proxy is signed on behalf of the appointor by the attorney, the letter or power of attorney or a duly certified copy thereof must (failing previous registration with the Company) be lodged with the instrument of proxy, failing which the instrument may be treated as invalid. 6.  The instrument appointing a proxy or proxies must be deposited at the registered office of the Company at 168 Changi Road #04-01 Fragrance Building Singapore 419730 not less than 48 hours before the time appointed for holding the EGM of the Company.
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sanuks Veteran	02-Aug-2012 23:01        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	SGX - News Release 2 August 2012 FOR IMMEDIATE RELEASE Global Premium Hotels’ revenue grew 19.6% to S$30.1 million for 1H 2012 •Group average occupancy rate surged 10.5 percentage points to 90.7% •Excluding one-off IPO expenses, 1H 2012 profit before tax increased 2.8% yoy to $13.8 million •Board declared interim dividend of 0.2 cents per share Singapore, 2 August 2012– Global Premium Hotels Limited (“GPH” or the “Group”), the owner and operator of the second largest economy-tier hotel chain in Singapore, reported net profit attributable to equity holders of S$10.0 million for the six months ended 30 June 2012 (“1H 2012”). $ ’000  2Q 2012  2Q 2011  Change  1H 2012  1H 2011  Change Revenue 15,224 13,617 11.8% 30,091 25,163 19.6% Gross profit 13,232 11,956 10.7% 26,220 22,208 18.1% Gross profit margin 86.9% 87.8% (0.9)p.p 87.1% 88.3% (1.2)p.p Net profit 3,595 6,387 (43.7)% 9,953 10,714 (7.1)% Revenue Per Available Room (“RevPAR”) ($) 93.5 88.4 5.8% 92.3 84.0 9.9% Average Occupancy Rate (“AOR”) 89.7% 80.7% 9.0p.p 90.7% 80.2% 10.5p.p p.p denotes percentage points The Group achieved 1H 2012 revenue of S$30.1 million, an increase of 19.6% year-on-year (“yoy”) as compared to the corresponding period last year. Revenue rose mainly due to stable operations of the 3 hotels that commenced operations in 2011-Parc Sovereign, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside. These 3 hotels along with the better performance of Fragrance Hotel-Emerald, contributed an aggregate increase of S$4.8million for 1H 2012. Consequently, the Group’s Average Occupancy Rate (“AOR”), surged 10.5p.p to 90.7% for 1H 2012. In tandem with the increase in revenue, gross profit improved 18.1% yoy to S$26.2 million for 1H 2012. Finance cost increased 64.5% to S$2.4 million for 1H 2012 with S$343.5 million of term loans taken to partially repay the S$558.0 million purchase consideration to Fragrance Group Limited (“FGL”). As part of the restructuring exercise, the Group acquired six subsidiaries which hold 22 hotels, 19 of which are sited on freehold lands. The purchase consideration was fully settled on 10 May 2012, hence higher interest expenses will be reflected inthe Group’s subsequent financial results. Administrative expenses increased 55.2% yoy to S$11.7 million for 1H 2012, due to one-off Initial Public Offering (“IPO”) expenses of around S$1.4 million and higher depreciation and staff costs recorded consequent to the opening of the 3 new hotels in 2011. Excluding the one-off IPO expenses, profit before tax increased 2.8% yoy to $13.8 million for 1H 2012. Commenting on the Group’s performance, Mr. Lim CheeChong, Chief Executive Officer of Global Premium Hotels, explained,  “We are pleased with our Group’s performance to-date as RevPAR has been increasing since the beginning of the year. While boosting our top-line, we will continue to keep a tight rein on costs by improving efficiency and implementing new measures to decrease cost.” The Group is constantly on a look out to acquire yield accretive and quality assets to expand its chain of hotels. In line with this strategy, the Group intends to purchase the entire issued and paid-up share capital of Fragrance Heritage Pte. Ltd. (“FHPL”), awholly owned subsidiary of FGL for S$25.1 million, subject to the terms and conditions in the Share Transfer Agreement. FHPL holds a development site at 165 and 167 Tyrwhitt Road, which upon completionof the proposed hotel building, will have a gross development value of $150.0 million, as estimated by valuers. Based on the market value of the property with vacant possession at S$78.0 million and an estimated project development costs of S$30.0 million, the Group estimates a potential fair value gain of S$42.0 million upon completion of the hotel. If approved, the new mid-tier hotel willboost the Group’s existing hotel portfolio by another 250-270 rooms, or around 14.4% - 15.5%. As part of value creation efforts, the Group plans  to commence renovations for the 168 room Fragrance Hotel-Ruby in 3Q 2012. The hotel will be  closed while renovations are underway and is expected to be completed by 4Q 2012. Through asset  enhancement initiatives, the Group hopes to optimise asset potential and maximise returns. The board has declared an interim dividend of 0.2 cents per share to thank shareholders for their support. Outlook Singapore tourism arrivals in 2012 are expected to  increase with the line-up of new attractions including Gardens by the Bay, River Safari, and Marine Life Park. Supported by enhanced tourism infrastructure with the opening of the Singapore International Cruise Terminal, the terminal has effectively doubled berth capacity, further advancing cruise tourism in Singapore. In line with these initiatives, Singapore visitor arrival grew 12.3% yoy from January to May 2012 to reach 5.9 million visitors 1, on track to meet the Singapore Tourism Board’s forecast of 13.5-14.5 million visitor arrivals for 2012. Despite the tourism statistics pointing towards a positive outlook for 2012 in Singapore, global economic conditions continue to remain volatile, weighed down by the European debt crisis and slowing economic growth in the United States and China. Consequently, this may have an impact on visitor arrivals and the overall hospitality sector. Hence, the Group remains cautiously optimistic for 2H 2012. – END –
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sanuks Veteran	02-Aug-2012 22:51        sanuks About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE"
x 0   x 0  Alert Admin	Dividend Value Payment Type Dividend Type Financial Year End Dividend Number Tax Exemption Clause SGD 0.002 Per 1 Ordinary share Tax Exempted (1-tier) Interim 31/12/2012 NA Tax-Exempt (one-tier tax) dividend   Record Date * 18-10-2012   Record Time * 17:00   Date Paid/Payable (if applicable) 30-10-2012
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