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星雅集团 Straco Corporation 4Q18
link to Straco 4Q18
Recommendation from Mr Stanley Lim of ValueInvestAsia.com
was done in Oct 2017.
Unfortunately, Singapore Flyer operation was halted few months later.
Revenue take a big hit.
To be continue.
link to Straco 4Q18
- Q4 Revenue drop to $22M (decrease 9.2%)
- FY18 Revenue drop to $117M (decrease 8.2%)
- Singapore drop frm $41M to $31M- China drop from $87M to $85M - FY18 Profit before tax drop to $62M (decrease 12.8%)
- FY18 Net Profit drop to $44M (decrease 12.8%)
- FY18 Earning per share drop to 4.86 cents (vs 5.55 FY17)
- Lower 4Q revenue mainly due to lower revenue from SOA, underwater world Xiamen and Singapore Flyer
- Lower visitation to all attraction; 3.8% lower than 4Q17
- Slowest pace China GDP growth since GFC to 6.4% in 4Q18
- Slowest pace China GDP growth since 1990 for FY18
- Weighed down by weak investment and faltering consumer confidence amid ongoing trade dispute with US
- Visitor trends changed to experience local culture instead of just scenic spots
Recommendation from Mr Stanley Lim of ValueInvestAsia.com
was done in Oct 2017.
Unfortunately, Singapore Flyer operation was halted few months later.
Revenue take a big hit.
To be continue.
感恩 26 April 2019 Straco AGM ppt https://valuebuddies.com/thread-2915-pos...#pid152450