Dear readers,
Aenith has been a long running project for a number of years. I am feeling sad to hereby announce Aenith ceases blogging until further notice. I sincerely hope that all of you have enjoyed it or benefitted from it while it lasts. Always remember though, love and light is the only answer for everything(光和爱才是王道).
Wish you all the best,
Author
the title says it all
sold freehold hotels to CDL Hospitality Trust for a leasehold of 75 years, after which the ownership will revert back to them
sold 151 Lorong Chuan to Sabana for a 45 years lease although their ownership of the land is 999 years leasehold
cheaper than an apartment.with terms and conditions..of course..
land grab in Johor Bahru CBD is underway
A flurry of activities recently by the Holding Company in Australia to consolidate its shareholdings cheered its shareprice.
A privatization is in the cards, because
1) The holding company and family trust controls almost 70% after bought out 17% from a key shareholder for $0.65 a piece. Plus around 9% by FMR LLC, the public shareholding is less than 13%. The company will also need to buyout the 40 % shareholder in Harvey Norman Ossia from Ossia International Ltd.
2)Pertama Holdings’s profits recovered in 2010 after the financial crisis. Profits even increased last quarter despite having opened a new outlet in 1 Mont Kiara which costed between RM5-10 million.
3)Harvey Norman Holdings has bought out some associates’ interest in Australia. It has also bought out 30% share in a company in Malaysia from a shareholder.
NLA efficiency is the ratio between NLA(net lettable area) and GFA(gross floor area). The more efficient it is, the more packed the mall/building is, unless the management/developer is smart enough to deflect some of it thru creative use of round/honeycomb/dome shape structure or water fountain or some other attractions.
Frasers Commercial Trust disposed its AWPF fund at below book value, the buyer is National Nominees Ltd, who is the real buyers hidden behind this nominee company?
After Peter Lim bought out Thomson Medical Centre, it turns out he has plan to bring Thomson Medical Centre into JB,
[S'pore billionaire plans Johor medical centre
Sun, Apr 17, 2011
AsiaOne
SINGAPORE - Singaporean billionaire Peter Lim is currently working on bringing Thomson Medical Centre across the causeway and into Johor.
The Straits Times reported that the, The Edge weekly said: Mr Lim who took over the Singapore-listed Thomson Medical private last year, has bought 14ha of land in the southern Malaysian state for the project.
The land, in the Stulang Laut area, about 2km from the Johor Causeway, was bought for a purported RM200 million (S$83 million), it reported.]
Guess what happens after the majority shareholder bought out the entire assets?
Its now in Singapore.lol
“Impossible is something that people try to reason to themselves in order for the status quo to remain the same" by la papillion
In this case, if we apply it to a company
“Impossible is something that company try to reason to itself in order for the profitability/growth to remain the same if not declining"
For example, OLAM, OLAM was a middleman all along, until one day the founder found that it is increasingly under competition in the sense that more and more growers/planters bypassed them and went directly to the buyers. It then launched an ambitious project to go upstream and the rest is history.
What does
The Tube in Malaysia
Oxley Biz Hub in Singapore
or a small industrial building floor in Red Hill has in common?
They all have in mind for a young and hip generation SOHO style office.
Read more about the AEI by Mapletree Industrial Trust here (page 15)
YTL Power stock prices has been on the decline since the launching of YES 4G. I am struggling to understand its move as the public has been. After reading a blog post in http://goodstockbadstock.blogspot.com/, I found the answer. Basically, YTL Power is hedging for the future. The first generation IPPs contract in Malaysia will expire gradually in the near future(5-15 years if I am not mistaken), the double digit yields enjoyed by them may be reduced to single digits upon renewal of the contracts or may not be renewed). YTL Power is trying to get a new revenue generator which has stable growth(ElectraNet, Wessex Water, Jawa Power, Power Seraya….look at the acquired assets as a group and you shall see some similar features)
the temporary dip in DPU is partly due to unwinding of capitalization of loan interest as Ascendas Park Square and Zenith has been completed thus they will have to recognize it in the income statement(Reason for lower DPU given in press is higher electricity tariff and fuel costs, but which other buildings in India can escape from higher electricity tariff and fuel costs?)
Lots of start-ups are fighting to become the next Wikipedia(for fee version that is). If the theory that I read in a book is true(whereby more people are willing to help for free rather than for a low fee), none of them will achieve a very significant mass comparable to Wikipedia. But, if they focus on a specialized subsection of cognitive surplus combined with a modified B2C business model ala Quirky(www.quirky.com), they may well laugh all the way to the banks.
Back in January, i was guessing how much would a bar of dark chocolate rise in prices. With the input of the prices of the recent transactions in cocoa futures + the cocoa weightage in a bar of dark chocolate, I made a wild guess that prices would rise around 5-10%. True enough, I went to the supermarket recently and found out that the new batch of dark chocolates cost 7.77% more than the last batch, doesn't matter whether they are of 30% or 70% purity.
Mah Sing saw something in Johore and thus the recent action.
Have you seen it
?
Here’s a clue
Watch the share price of Crescendo Corp
City Square seems ready to be injected into Malaysia Commercial Development Fund or CapitaMalls Malaysia Trust. In a recently completed AEI, the management has added some beauty kiosks at the ground floor and managed to revamp a huge dead end corner lot retail unit at second floor. They shrunk the corner lot and created a few beauty kiosks out of it. Brilliant. They will divest it only at the peak of the market. When is the peak? It might be before the completion of the nearby Komtar building or it will never be divested.
Currency Arbitrage
1) Buying products made in neighbouring countries at subsidised cost and selling at premium/higher than average price in destination countries
What i have seen – ice cream cakes, pastries, cookies
Interest Rate Arbitrage
2) Borrowing funds at low interest rates from source countries and buying properties with yield equivalent to/higher than borrowing cost in destination countries with high borrowing cost
Destination countries – Australia, India
The analyst told you
PARKSON MY is cheaper than PARKSON HK
PARKSON MY owns PARKSON MALAYSIA, PARKSON VIETNAM and others which PARKSON HK dont
BUT
the analyst forgot to tell you
PARKSON HK is more liquid than PARKSON MY
AND
PARKSON HK pays dividend while PARKSON MY does not
This book briefs us about how the present monetary system came about, how capitalism drives the printing of money creating inflation and deflation. More specifically, this book talks about why the current system is not sustainable, that the world must find a better way rather than blindly chasing for growth, so that our future generations will not inherit an inhabitable world from us.
about why you received calls from strangers regarding insurance but there was never any calls from strangers regarding MLM products?
Why? why? Why?
XYZ Sdn Bhd bought back one of its subsidiaries at a price that is slightly above book value. The buyer is a company setup recently by 2 unknown persons. The transaction occured months before a high court verdict involving the subsidiary over a relatively huge transaction.
Fictitious names/companies/characters/stories copyright © 2011 Aenith Inc. All rights reserved.
If you had even bothered to read prospectus of a recently listed REIT in Malaysia stock exchange, you would have realized that the favourable yield given for its hotels under management is valid for the first two/three years only. What happens after that initial two to three years? Are we going to witness a drop in yield?
Uniqlo striked the jackpot by providing wide variety of designs and colours with above average quality at mass market prices.
Notes: Wing Tai Singapore owns 49% of Uniqlo Singapore, Wing Tai Malaysia owns 45% of Uniqlo Malaysia
- SWF monies in commdities and related companies
- cranking $$ printing press
- banks flooded with hot monies are forced to look for new ways to optimize its net interest margin after stern property cooling measures, particularly in Hong Kong and Singapore
-last but not least, the disappearing food bonus, food and petrol subsidies has been reduced a couple of times in a year in a South East Asia nation, which will lead to a permanent 10-15%(wild guess) increment in consumer goods prices(especially staple food items)in neighbouring countries.
I am not going to tell the answers here. Read it in my upcoming book which will be published in 2011 or 2012 if there is sufficient interest
Question No 1
1) Why Robertson Walk will never be injected into Frasers Centrepoint Trust or Frasers Commercial Trust?( I am not saying totally impossible..but its a sure 99.99999999999999999999999999999999999999999999999999% no)
Question No 2 is related to Question No 1
2) Why City Square, Johor Bahru will never be injected into CapitaMalls Malaysia Trust??( I am not saying totally impossible..but its a sure 99.99999999999999999999999999999999999999999999999999% no within a 5 years period)
Question No 3
3) Why Starhill Global REIT(YTL’s Singapore REIT) will continue to trade at below 1x book value(currently 0.6x) despite repeated buy calls from analysts?(unless something major happens)
CapitaMalls Asia bought Queensbay Mall at RM651.8 million at 5% yield. People are asking in forums why the heck CapitaMalls Asia bought it at such an expensive valuation. I know why(what are the things they are going to do to the mall exactly, what is the ….what are the…)but I am not going to tell it here. Read it in my upcoming book which will be published in 2011 or 2012 if there is sufficient interest
YTL bought Niseko Village, 617 hectares of land for 223 million and then sell Hilton Niseko Village for 222 million to Starhill REIT. In other words, YTL got 200-room Green Leaf Hotel and two 18-hole golf courses, and 155ha of leased ski mountain land on which are situated seven ski lifts and 15 ski trails for RM 1 million. The master is at it again.
