Frasers Property (formerly: Frasers Cpt (FCL))

(14-11-2014, 09:19 PM)CityFarmer Wrote:

(14-11-2014, 05:38 PM)specuvestor Wrote: If VBs read between the line of what I am saying, I reckon Chaoren will recover all his money pumped into perpetual by the next dividend date.

Net net he still has the same FCL and free perpetuals as "dividends", plus the intangibles of encouraging others to buy his perpetuals and lock up OPM money. That's HIS maths

VBs need to see if your math matches with his.

Position along the tide is fine but not love the tide. 水可载舟 亦可翻舟

I like the last sentence. Never fall in love with your investment. Alignment of interest is an very important consideration, especially for OPMIs

(not vested)

Falling in love and having conviction is totally different thing. However, having utmost respect for some one with good qualities and capabilities is certainly better than others that constantly brag about delivering when not much has been done...

For equity investments, its quite hard to fall in love given that one can decide to cut losses at all costs so long as the securities are tradable.

GG

> Net net he still has the same FCL and free perpetuals as "dividends", plus the intangibles of encouraging others to buy his perpetuals
> and lock up OPM money. That's HIS maths
> VBs need to see if your math matches with his.
> Position along the tide is fine but not love the tide. 水可载舟 亦可翻舟

Well said.

Charoen's conquest of F&N gave him the rights to F&N and FCL - a beverage and property biz OUTSIDE THAILAND. Diversification of his business empire is achieved.

And by selling his prized assets in TCC Land to the REITs, he gets a ROFR from the buyer - the REITs.

And on top, he recoup all the dividends, and perhaps buyers will want to go on board the ship to buy his shares.

3 wins ... very very good leh...

http://www.valuebuddies.com/thread-5719-...#pid100380

Even Chartered Hall, one of the largest real estate fund manager also concurred, don't think Towkay Charoen and his team of experts can be too far out...

The Directors propose, subject to shareholders' approval at the Annual General Meeting to be held on 30 January 2015, a final dividend of 6.2 cents (last year: 1.7 cents) per share, to be paid on 16 February 2015. Taken with the interim dividend of 2.4 cents per share already paid, this will give a total distribution for the year of 8.6 cents per share (last year: $200 million).

Seriously, the liquidity needs to improve. If not, most investors will not be holding for long. That is the nature of human being, impatient.

Laneway's hip future

Robert Harley
342 words
20 Nov 2014
The Australian Financial Review
AFNR
English
Copyright 2014. Fairfax Media Management Pty Limited.

Greencliff, the global property operation headed by Stanley Quek, is looking for innovative retailers – in food and fashion – to fill its pedestrian laneway precinct adjoining Central Park in inner Sydney.

The precinct, Kensington Street, includes terrace houses and warehouses, student accommodation and a heritage boutique hotel, The Old Clare, which has already signed up top chefs like the United Kingdom's Jason Atherton.

Dr Quek said Kensington Street would be a vibrant "eat street" in the heart of Sydney's new downtown and unlike any other laneway precinct in Australia.

"Visitors will be reminded of the streets of Brooklyn in New York, Abbot Kinney Boulevard in Venice Beach, LA or Brick Lane in East London," he said.

Greencliff has 26 tenancies for lease, including 14 food and beverage and 12 specialty retail outlets, with a total area of 3000 square metres along 160 metres of street frontage.Unique in Sydney

Greencliff executive director in charge of the leasing, Marcus Chang, said the spaces were unlike anything else in Sydney.

"Tenancies range from intimate and affordable 25 square metre spaces which offer really cool, unique opportunities for someone like a barista, chic pastry chef or even a cocktail bar – to spaces within soaring warehouses with graffiti on the walls, exposed beams and hundreds of years of history etched in every crevice," he said.

"Fashion houses would love this space – it screams inspiration, creativity, grunge, [and] cool.

Central Park already has 2000 new residents with another 3000 set to move in by the end of next year.

"The entire Chippendale, Redfern and Eveleigh area is undergoing massive transformation and yet the original character, and underbelly of the suburb if you like, has remained, layered with this somewhat edgy, raw, gritty yet contemporary offering," Mr Chen said.

Greencliff has not disclosed asking rentals.

Mr Chang said his group was already in talks with some of the world's biggest-name chefs, fashion designers, artists and musicians – as well as a number of new up-and-coming "young guns".


Fairfax Media Management Pty Limited

Document AFNR000020141119eabk0002y

As usual due to copyright issues, I can only post as much as I could.

Vested
Core Holdings
GG

BT DBS ASIAN LEADERS INSIGHTS ran a feature on FCL and CEO Lim Ee Seng today and I have highlighted the extracts as follows:

http://www.businesstimes.com.sg/hub/dbs-...-ambitions

Realising global ambitions
With Lim Ee Seng at the helm, FCL's assets have grown from S$5 billion in 2004 to almost S$17 billion this year.

By
Francis Kan

Mr Lim: "FCL is better positioned now than ever before to continue making waves in the global real estate sector, and to offer opportunities for all our stakeholders to grow with us."
25 Nov5:50 AM
A CALCULATED bet made more than 10 years ago by Singapore property developer Frasers Centrepoint Limited (FCL) to tether its growth to the real estate markets of China and Australia has paid off spectacularly under the stewardship of its group chief executive Lim Ee Seng.

http://www.businesstimes.com.sg/hub/dbs-...leadership

Lessons in leadership
25 Nov5:50 AM
LIM Ee Seng shares the important lessons he's learnt about the property business in his career so far:

"I have been fortunate that in all these years, I have had the opportunity to work for highly successful bosses with excellent entrepreneurial skills, and I have been able to learn from

http://www.businesstimes.com.sg/hub/dbs-...-home-turf


You are here
HOME > HUB > DBS ASIAN LEADERS INSIGHTS > STORY
Defending the home turf
25 Nov5:50 AM
DESPITE the attention on its overseas ventures, FCL group CEO Lim Ee Seng maintains that Singapore remains a core market of the developer's portfolio. He gives a breakdown of the developer's strategy to weather the headwinds in the Singapore property market:

Focus on the mid to mass

(25-11-2014, 10:43 AM)greengiraffe Wrote: As usual due to copyright issues, I can only post as much as I could.

Vested
Core Holdings
GG

BT DBS ASIAN LEADERS INSIGHTS ran a feature on FCL and CEO Lim Ee Seng today and I have highlighted the extracts as follows:

http://www.businesstimes.com.sg/hub/dbs-...-ambitions

Realising global ambitions
With Lim Ee Seng at the helm, FCL's assets have grown from S$5 billion in 2004 to almost S$17 billion this year.

By
Francis Kan

Mr Lim: "FCL is better positioned now than ever before to continue making waves in the global real estate sector, and to offer opportunities for all our stakeholders to grow with us."
25 Nov5:50 AM
A CALCULATED bet made more than 10 years ago by Singapore property developer Frasers Centrepoint Limited (FCL) to tether its growth to the real estate markets of China and Australia has paid off spectacularly under the stewardship of its group chief executive Lim Ee Seng.

http://www.businesstimes.com.sg/hub/dbs-...leadership

Lessons in leadership
25 Nov5:50 AM
LIM Ee Seng shares the important lessons he's learnt about the property business in his career so far:

"I have been fortunate that in all these years, I have had the opportunity to work for highly successful bosses with excellent entrepreneurial skills, and I have been able to learn from

http://www.businesstimes.com.sg/hub/dbs-...-home-turf


You are here
HOME > HUB > DBS ASIAN LEADERS INSIGHTS > STORY
Defending the home turf
25 Nov5:50 AM
DESPITE the attention on its overseas ventures, FCL group CEO Lim Ee Seng maintains that Singapore remains a core market of the developer's portfolio. He gives a breakdown of the developer's strategy to weather the headwinds in the Singapore property market:

Focus on the mid to mass

GG, Thanks for the information upload.
As always, Mr Market has miss-priced this new property gem due to poor property sentiments and also fore-coming UE buy-outs/rights issues.
Retailers are all standing on the fence, waiting for any good corrections to move in.
We have yet to reach the feverish stage of the bubble yet.

Not sure what everyone is waiting for ?!?

(25-11-2014, 10:59 AM)Belg Wrote:

(25-11-2014, 10:43 AM)greengiraffe Wrote: As usual due to copyright issues, I can only post as much as I could.

Vested
Core Holdings
GG

BT DBS ASIAN LEADERS INSIGHTS ran a feature on FCL and CEO Lim Ee Seng today and I have highlighted the extracts as follows:

http://www.businesstimes.com.sg/hub/dbs-...-ambitions

Realising global ambitions
With Lim Ee Seng at the helm, FCL's assets have grown from S$5 billion in 2004 to almost S$17 billion this year.

By
Francis Kan

Mr Lim: "FCL is better positioned now than ever before to continue making waves in the global real estate sector, and to offer opportunities for all our stakeholders to grow with us."
25 Nov5:50 AM
A CALCULATED bet made more than 10 years ago by Singapore property developer Frasers Centrepoint Limited (FCL) to tether its growth to the real estate markets of China and Australia has paid off spectacularly under the stewardship of its group chief executive Lim Ee Seng.

http://www.businesstimes.com.sg/hub/dbs-...leadership

Lessons in leadership
25 Nov5:50 AM
LIM Ee Seng shares the important lessons he's learnt about the property business in his career so far:

"I have been fortunate that in all these years, I have had the opportunity to work for highly successful bosses with excellent entrepreneurial skills, and I have been able to learn from

http://www.businesstimes.com.sg/hub/dbs-...-home-turf


You are here
HOME > HUB > DBS ASIAN LEADERS INSIGHTS > STORY
Defending the home turf
25 Nov5:50 AM
DESPITE the attention on its overseas ventures, FCL group CEO Lim Ee Seng maintains that Singapore remains a core market of the developer's portfolio. He gives a breakdown of the developer's strategy to weather the headwinds in the Singapore property market:

Focus on the mid to mass

GG, Thanks for the information upload.
As always, Mr Market has miss-priced this new property gem due to poor property sentiments and also fore-coming UE buy-outs/rights issues.
Retailers are all standing on the fence, waiting for any good corrections to move in.
We have yet to reach the feverish stage of the bubble yet.

Not sure what everyone is waiting for ?!?

Execution of real business is tough and takes a long time, plenty of conviction and convincing to be done... just like brewing vintage... unlike the tasting process...

http://www.stproperty.sg/articles-proper...k/a/190127

SOME members of the Song family behind Nanshan Group Singapore, which has been increasing its presence in the Singapore property market, are said to have bought a brand-new Good Class Bungalow (GCB) in Holland Park sold recently by Frasers Centrepoint for S$30 million.

Talk in the market has it that the purchase was made through Sui Yongqing, wife of Song Jianbo, eldest son of China-based Nanshan Group founder Song Zuowen.

The group, which is headquartered in Longkou City, Shandong Province, has interests as diverse as aluminium and golf courses to education, wine and real estate.

Ms Sui is understood to have become a Singapore citizen a few years ago. Her husband is believed to have become a Singapore citizen very recently.

Ms Sui, a director of Nanshan Group Singapore, is said to be an authorised signatory for the group's business in Singapore. The couple, along with three of their four children, are said to currently reside in a condo in the Newton area. Their eldest daughter is in university in the US, according to a recent article in Lianhe Zaobao.

The S$30 million price of the freehold GCB translates to about S$1,991 per square foot (psf) on land area of 15,070.54 sq ft. The two-storey property has a pool, lift, five bedrooms, family area and a helper's room.

Last week, Nanshan is said to have completed its S$270 million purchase of the former Midlink Plaza site in Middle Road on a turnkey basis. The site, which has a balance lease term of about 65 years, is being redeveloped into a 396-room boutique hotel, with some strata retail space. Nanshan has acquired all the shares of 122 Middle Investment Pte Ltd - which holds the project - from a consortium including Lian Beng Group, Centurion Properties, coffeeshop operator Chang Cheng Group and a vehicle controlled by Jason Lee, founder of the K Box chain.

Over in the Tai Seng MRT Station vicinity, Nanshan Group is said to have signed an agreement, subject to approval by the Strata Titles Board, to buy Irving Industrial Building through a collective sale

This follows the requisite 80 per cent majority consent secured recently from the owners through a supplemental agreement to lower the reserve price to S$160 million, translating S$930 psf per plot ratio (psf ppr) including development charges, from the S$200 million (S$1,079 psf ppr) reserve price agreed in the collective sale agreement.

"We are in the midst of preparing an application for the en bloc sale to the Strata Titles Board," said Shaun Poh, executive director (capital markets) at Cushman & Wakefield Singapore, when contacted. The group is handling Irving Industrial Building's collective sale.

The 65,309-sq-ft freehold site can be redeveloped into a new project with 228,581 sq ft maximum gross floor area (GFA). It is zoned for Business 1-White use, with a 3.5 maximum gross plot ratio. Of this, at least 2.5 plot ratio (translating to 163,272-sq-ft GFA) shall be for Business 1 use and the remaining GFA of up to 65,309 sq ft will be for white uses.

Last year, Nanshan paid about S$250 million for the Park Regis Singapore hotel and the adjoining office block. The group also owns some space at GB Building in Cecil Street, where its office is located.

Last month, the group made its maiden purchase of a Singapore private residential site. It paid S$173.57 million or S$731 psf ppr for the 99-year leasehold plot in Lorong Puntong off Sin Ming Avenue.

http://www.valuebuddies.com/thread-4554-...#pid101360

IMHO, I stand corrected that FCL has bought well into ALZ even though it is at the high end of the valuation band...

In fact, the platform and the experience that FCL acquired in the ongoing ALZ platform is a software that is sorely missed in the various piecemeal land acquisitions by most of the foreign buyers in Australian property.

ALZ is the right fit in terms of size for FCL given that similar peers are substantially larger like Stockland and Mirvac...

As it is the market is already doubtful over the gearing incurred by FCL notwithstanding the additional equity in the form of 50% of FCL perpetual securities that is being invested by Towkay Charoen.

Only time will tell as they always say...

GG