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(24-04-2014, 03:23 PM)cfa Wrote: Hello GG,
He said during coffee chat with SHs, Nan Fung would sell all their stake even if they chose to convert the balance ,because it didn't fit into their investment strategy for holding 3 or 4 %.
I don't quite understand why he said NF got not mandate to invest outside HK and China when NF had already invested in PCRT and Forterra ? ( What he actually mean ?)
He even said he asked NF if they wanted to sell their holding , he can get someone to buy over from NF , but NF instead chose to sell in open market.
CEO was correct to say NF would sell all but on the statement of getting someone to take over their stake was confusing.
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(28-04-2014, 10:17 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Form3Cos...eID=293947
Very interesting... Nan Fung actually held off selling PCRT until 24 Apr 14, ie they are unpredictable in their unwinding.
Anyway, PCRT is unlikely to perform till Nan Fung completes their unwinding.
On the face of it, Nan Fung has Forterra as their pipeline vehicle and with PCRT eventually being folded into a bigger platform, there is really no need on their part to keep PCRT.
Divested
GG
Nan Fung left with 96.6 mil shares or 8.4%......
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(29-04-2014, 08:53 AM)gutman Wrote: (28-04-2014, 10:17 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Form3Cos...eID=293947
Very interesting... Nan Fung actually held off selling PCRT until 24 Apr 14, ie they are unpredictable in their unwinding.
Anyway, PCRT is unlikely to perform till Nan Fung completes their unwinding.
On the face of it, Nan Fung has Forterra as their pipeline vehicle and with PCRT eventually being folded into a bigger platform, there is really no need on their part to keep PCRT.
Divested
GG
Nan Fung left with 96.6 mil shares or 8.4%......
Nan Fung refuse to sell cheap cheap 
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(29-04-2014, 11:08 AM)kayhian Wrote: (29-04-2014, 08:53 AM)gutman Wrote: (28-04-2014, 10:17 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/Form3Cos...eID=293947
Very interesting... Nan Fung actually held off selling PCRT until 24 Apr 14, ie they are unpredictable in their unwinding.
Anyway, PCRT is unlikely to perform till Nan Fung completes their unwinding.
On the face of it, Nan Fung has Forterra as their pipeline vehicle and with PCRT eventually being folded into a bigger platform, there is really no need on their part to keep PCRT.
Divested
GG
Nan Fung left with 96.6 mil shares or 8.4%......
Nan Fung refuse to sell cheap cheap PCRT's takeover has been totally eclisped by the CMA deal 
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I am getting more and more bullish on PREHL.
Despite no cash offer, CIMB sell call and NF selling, China malls will be prized jewels in the future.
Looking forward to potential dual-listing in HK 
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(30-04-2014, 10:50 AM)kayhian Wrote: I am getting more and more bullish on PREHL.
Despite no cash offer, CIMB sell call and NF selling, China malls will be prized jewels in the future.
Looking forward to potential dual-listing in HK Pray what make you so bullish on a dual listing in Hong Kong? CMA tried to and it didn't quite take off?
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(30-04-2014, 11:07 AM)MINX Wrote: (30-04-2014, 10:50 AM)kayhian Wrote: I am getting more and more bullish on PREHL.
Despite no cash offer, CIMB sell call and NF selling, China malls will be prized jewels in the future.
Looking forward to potential dual-listing in HK Pray what make you so bullish on a dual listing in Hong Kong? CMA tried to and it didn't quite take off?
Interest article:
CMA: a victim of ill perceptions?
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11-05-2014, 02:27 PM
(This post was last modified: 11-05-2014, 02:27 PM by greengiraffe.)
http://infopub.sgx.com/FileOpen/NoticeOf...ileID=4382
Jinhua Mall, Foshan worth RMB925m or S$185m
http://infopub.sgx.com/FileOpen/Announce...eID=295582
Pg 4 - note 1 - Jinhua Mall, Foshan has a full quarter in operations with a nearly fully occupancy > 96%.
Total revenue recorded for the quarter $2.006m or annualised $8.024m.
Gross rental yield amounted to only 4.34% unleveraged. This is even before netting off operating expenses...
Wondering if this is the typical yield of Chinese malls? If indeed this is the case, then without substantial capital appreciation, mall investment based on rental yield alone appears to be high risks propositions...
Please feel free to correct me if I am wrong...
Divested
GG
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11-05-2014, 07:22 PM
(This post was last modified: 11-05-2014, 07:42 PM by Contrarian.)
> Gross rental yield amounted to only 4.34% unleveraged. This is even before netting off operating expenses.
Got malls ever pay-off loans? Unleveraged loans... whole world developers mati...
> Wondering if this is the typical yield of Chinese malls? If indeed this is the case, then without substantial capital appreciation, mall
> investment based on rental yield alone appears to be high risks propositions...
I agree. And the cost of funds will be high with the credit crunch. If the mall performs badly few quarters, the capital value will correct.
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(11-05-2014, 02:27 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/NoticeOf...ileID=4382
Jinhua Mall, Foshan worth RMB925m or S$185m
http://infopub.sgx.com/FileOpen/Announce...eID=295582
Pg 4 - note 1 - Jinhua Mall, Foshan has a full quarter in operations with a nearly fully occupancy > 96%.
Total revenue recorded for the quarter $2.006m or annualised $8.024m.
Gross rental yield amounted to only 4.34% unleveraged. This is even before netting off operating expenses...
Wondering if this is the typical yield of Chinese malls? If indeed this is the case, then without substantial capital appreciation, mall investment based on rental yield alone appears to be high risks propositions...
Please feel free to correct me if I am wrong...
Divested
GG They just open not too long ago, I believe and hope the yield will improve substantially when the mall matures due to its favourable location. My 2 cents worth
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