Straco Corporation

What the Singapore Flyer needs to draw crowds under new owner

See more at: http://www.straitstimes.com/lifestyle/mo...SC9sQ.dpuf

(Vested)

Why is it called the singapore flyer?
I went on it once with a complimentary ticket and don't think i will ever go again...

since it went bust, it makes singapore look rather bad sia...

(20-06-2013, 11:45 PM)Little Investor Wrote: Nick, have you read this?
http://illdoitmyself.wordpress.com/2013/...questions/

The blogger seemed quite negative about the financials.
- Fishes and marine livestock never get disposed, but there are constant additions and depreciations
- Dividend paid to Non-Controlling interest changes under equity but not paid out under cash (at least there is a gap of S$2B)
- What are those "Other payables" and "Other receivables" that take up large proportion of the current assets and liabilities YoY
- Large amount of shares have been bought back, but the group has been targeting their employee getting 10% Ordinary Shares (so far only under 2% even if all options exercised). should we expect huge dilution? If not, the group is basically using shareholders earning retained to reward employees(the top executives)

(16-06-2013, 11:53 PM)Nick Wrote: Hi Little Investor,

The LLC + show business business is a pretty small division generating annual revenue of $2.5 - 3.5 million annually as compared to FY 2012 total revenue of $55 million. I don't think the LLC cable car asset was meant to be operated alone. Originally, there were plans to develop a Chao Yuan Ge (CYG) which would display relics unearthed in this historical site. This tourist asset will be located at the alighting point of the cable car facility so the potential tourist would drive up the cable car ridership. However, since its IPO till date, there has been no development and the project has been stalled. So I don't foresee any major positive catalyst for the LLC asset unless the project takes off. The 2 aquariums will continue to be the main driver behind the Group results in the coming years barring a major acquisition.

http://www.stracocorp.com/xian.html [CYG]

(Vested)

just a post from long time ago... dunno if it's still relevant but seems nobody can answer this?

Singapore Flyer aside, what's the sustainability of its aquarium business?

one thing i dont understand is how come their aquariums seem to be getting increasingly popular?
i thought underwater attraction is sort of dying and unattractive anymore.
Haw Par's Oceanariums in Singapore and Thailand are seeing less and less visitors every year (even before the opening of SEA aquarium in RWS)... they also already closed down their aquarium in Chengdu back in 2011 due to years of loss-making...

Believe the ongoing anti graft campaign will hit them badly to a certain extend. The SOEs will reduce such spending.

(10-09-2014, 06:00 PM)cfa Wrote: Believe the ongoing anti graft campaign will hit them badly to a certain extend. The SOEs will reduce such spending.

Huh? what has it got to do with aquarium visits?

(10-09-2014, 05:49 PM)rickytj Wrote: Singapore Flyer aside, what's the sustainability of its aquarium business?

one thing i dont understand is how come their aquariums seem to be getting increasingly popular?
i thought underwater attraction is sort of dying and unattractive anymore.
Haw Par's Oceanariums in Singapore and Thailand are seeing less and less visitors every year (even before the opening of SEA aquarium in RWS)... they also already closed down their aquarium in Chengdu back in 2011 due to years of loss-making...

From my observation, aquariums are still very popular in China especially among the kids

The world's largest aquarium was opened in April this years in Hengqin island of Zhuhai city - It certainly looks more impressive than Straco's aquariums.

How much impacts would it have on Straco's aquariums ?

(not vested)
________________________________________________________________________________________________________________

Chimelong Ocean Kingdom, World's Largest Aquarium, Opens In China

The Huffington Post | By Lisa_Miller
Posted: 04/03/2014

http://www.huffingtonpost.com/2014/04/03...77094.html

Chinese aquarium opens as world's largest

By Claudine Zap
April 4, 2014

https://travel.yahoo.com/blogs/compass/c...56767.html

(10-09-2014, 10:11 PM)Boon Wrote:

(10-09-2014, 05:49 PM)rickytj Wrote: Singapore Flyer aside, what's the sustainability of its aquarium business?

one thing i dont understand is how come their aquariums seem to be getting increasingly popular?
i thought underwater attraction is sort of dying and unattractive anymore.
Haw Par's Oceanariums in Singapore and Thailand are seeing less and less visitors every year (even before the opening of SEA aquarium in RWS)... they also already closed down their aquarium in Chengdu back in 2011 due to years of loss-making...

From my observation, aquariums are still very popular in China especially among the kids

The world's largest aquarium was opened in April this years in Hengqin island of Zhuhai city - It certainly looks more impressive than Straco's aquariums.

How much impacts would it have on Straco's aquariums ?

(not vested)
________________________________________________________________________________________________________________

Chimelong Ocean Kingdom, World's Largest Aquarium, Opens In China

The Huffington Post | By Lisa_Miller
Posted: 04/03/2014

http://www.huffingtonpost.com/2014/04/03...77094.html

Chinese aquarium opens as world's largest

By Claudine Zap
April 4, 2014

https://travel.yahoo.com/blogs/compass/c...56767.html

if that's the case why did Haw Par's aquarium in Chengdu fail so badly?

i guess the one in Zhuhai won't be a threat at all since it's miles away...

(11-09-2014, 09:12 AM)rickytj Wrote:

(10-09-2014, 10:11 PM)Boon Wrote:

(10-09-2014, 05:49 PM)rickytj Wrote: Singapore Flyer aside, what's the sustainability of its aquarium business?

one thing i dont understand is how come their aquariums seem to be getting increasingly popular?
i thought underwater attraction is sort of dying and unattractive anymore.
Haw Par's Oceanariums in Singapore and Thailand are seeing less and less visitors every year (even before the opening of SEA aquarium in RWS)... they also already closed down their aquarium in Chengdu back in 2011 due to years of loss-making...

From my observation, aquariums are still very popular in China especially among the kids

The world's largest aquarium was opened in April this years in Hengqin island of Zhuhai city - It certainly looks more impressive than Straco's aquariums.

How much impacts would it have on Straco's aquariums ?

(not vested)
________________________________________________________________________________________________________________

Chimelong Ocean Kingdom, World's Largest Aquarium, Opens In China

The Huffington Post | By Lisa_Miller
Posted: 04/03/2014

http://www.huffingtonpost.com/2014/04/03...77094.html

Chinese aquarium opens as world's largest

By Claudine Zap
April 4, 2014

https://travel.yahoo.com/blogs/compass/c...56767.html

if that's the case why did Haw Par's aquarium in Chengdu fail so badly?

i guess the one in Zhuhai won't be a threat at all since it's miles away...

We have to look at total experience, rather than as an isolated aquarium. I reckon it is exactly the most valuable skill-set of Mr. Wu, and the hope to turnaround Flyer.

(not vested)

china got 1.3bil population.. shanghai alone got 24mil.. anyway, may be Straco boss connection is good.. thus can do wonder to their attractions.. let's see..