TT International

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#21
nobody point the gun at retail investors to buy TT shares.
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#21
nobody point the gun at retail investors to buy TT shares.
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#22
it could be a big money laundering scheme, for all u know.. Wink
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#22
it could be a big money laundering scheme, for all u know.. Wink
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#23
Semb Corp (GLC) doesnt believe, FF Wong said it will not work as all the scheme of this trade zone for big box product could fail and his partner cannot transfer this license? Lucrum probably make 1 round ?? with insider punting big on deal, and then walk away.

Now SGX question the state of their finance, how long can TT survive and bank traders have probably punt enough distribution to now let TT die in the hands of all existing shldrs.
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#23
Semb Corp (GLC) doesnt believe, FF Wong said it will not work as all the scheme of this trade zone for big box product could fail and his partner cannot transfer this license? Lucrum probably make 1 round ?? with insider punting big on deal, and then walk away.

Now SGX question the state of their finance, how long can TT survive and bank traders have probably punt enough distribution to now let TT die in the hands of all existing shldrs.
Reply
#24
So after a series of potentially dancing partners and seeing many left the dance floor, TTI finally completed the investment agreement with Prima BB Limited and and Utraco Investment Pte. Ltd. So hopefully the Big Box project may see the light of day yet. Unfortunately for shareholders (speculator?) of this company, you can't help but wondered whether its will save TTI or finally be the straw that broke its back. Given the extended delay of the project and all the upcoming retail development in the area, it is not unreasonable to question the financial viability of the Big Box Project. Or maybe its a question of the pie in the Jurong East area being big enough for everyone. Only time will tell.

SGX Annoucement: COMPLETION OF THE INVESTMENT AGREEMENT
Press Release: SGX-Listed TT International Announces Completion of Investment Agreement of Big Box Project
(vested)
Reply
#24
So after a series of potentially dancing partners and seeing many left the dance floor, TTI finally completed the investment agreement with Prima BB Limited and and Utraco Investment Pte. Ltd. So hopefully the Big Box project may see the light of day yet. Unfortunately for shareholders (speculator?) of this company, you can't help but wondered whether its will save TTI or finally be the straw that broke its back. Given the extended delay of the project and all the upcoming retail development in the area, it is not unreasonable to question the financial viability of the Big Box Project. Or maybe its a question of the pie in the Jurong East area being big enough for everyone. Only time will tell.

SGX Annoucement: COMPLETION OF THE INVESTMENT AGREEMENT
Press Release: SGX-Listed TT International Announces Completion of Investment Agreement of Big Box Project
(vested)
Reply
#25
SGX Announcement: Signing Of Facility Agreement By Big Box Pte Ltd
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#25
SGX Announcement: Signing Of Facility Agreement By Big Box Pte Ltd
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#26
Another interesting company that reported earnings today.

Making losses.
Negative asset value per share of 14.37 cents.
Currently trading around 14 cents.

haha it seems to me that the more negative the asset value, the higher the share price will go. A negative correlation of -1.
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#26
Another interesting company that reported earnings today.

Making losses.
Negative asset value per share of 14.37 cents.
Currently trading around 14 cents.

haha it seems to me that the more negative the asset value, the higher the share price will go. A negative correlation of -1.
Reply
#27
Big Box will also be a "collaborative business hub" for small and medium-sized enterprises (SMEs) that find it hard to set up shop in malls, and the firm is in discussions with Spring Singapore and the Infocomm Development Authority, said Ms Tong.

The old WRS is very restrictive and if it is solely inhouse brands, Akira will surely have a hard time and the intention of leasing to external parties may not be possible under the strict interpretations.

Please correct me if I m wrong.

Odd Lots
Vested
GG

Largest warehouse retail mall to open in Q4

Big Box in Jurong East to have drive-through pick-up service

Published on Mar 13, 2014

newspostPurchase this article for republication
photobankBuy SPH photos
Big Box, which has 400,000 sq ft of retail and dining space, will be run by a single operator, TT International, under EDB's Warehouse Retail Scheme. -- ST PHOTO: MATTHIAS HO

By Cheryl Ong And Tee Zhuo

SINGAPORE'S largest warehouse retail mall is set to open in Jurong East by the fourth quarter of this year after earlier delays.

The $320 million mall will be the first here to feature a drive- through option for shoppers to pick up goods ordered online.

Developer TT International said yesterday that the 1.3 million sq ft project - its first shopping mall here - has 400,000 sq ft of retail and dining space. Warehouse and logistics facilities will take up 600,000 sq ft and an exhibition hall, 70,000 sq ft.

The eight-storey complex will be connected to the Jurong East MRT station and bus terminal, neighbouring malls such as Jem, Westgate and JCube, and the nearby Ng Teng Fong Hospital and Jurong Community Hospital.

TT International, a Singapore-listed firm, will be the mall's sole operator and will sell products from its house brands, such as Akira and Barang Barang, in addition to new imported labels. The firm will also run a hypermarket at the mall under its "Big Box" brand.

"Unlike most other malls, which function as landlords with tenant retailers, Big Box will have a single vendor which will seek to increase retail volumes and pass on cost savings to shoppers," said Mr Wong Ah Long, chief executive of Big Box.

TT International executive director Julia Tong said the project will differentiate itself with the drive-through allowing shoppers to buy goods online and pick them up "within five minutes".

Big Box will be the last and largest project built under the Economic Development Board's Warehouse Retail Scheme introduced in 2004. The other three are Ikea, Courts and Giant, all in Tampines. The scheme allows industrial land to be used for retail and warehousing.

TT International had acquired the mall's 5.6ha site from JTC Corporation for $43 million in 2007, and the mall was initially slated for completion in 2009. But the development met setbacks during the global financial crisis and when its partner, Lucrum Capital, pulled out its $200 million investment in July 2012.

TT International later secured an investment of $92 million from Utraco Investment and Prima BB in December 2012, and also obtained a loan of $125 million from The Great Eastern Life Assurance Company and The Overseas Assurance Corp last year.

TT International will own 51 per cent of Big Box, while Utraco Investment will hold 30.4 per cent and Prima BB, the remaining 18.6 per cent.

Big Box will also be a "collaborative business hub" for small and medium-sized enterprises (SMEs) that find it hard to set up shop in malls, and the firm is in discussions with Spring Singapore and the Infocomm Development Authority, said Ms Tong.

"The problem SMEs face is high business costs, where rental is a major contributor. If we can... bring down business costs by improving efficiency, that is what we can facilitate."

ocheryl@sph.com.sg

teezhuo@sph.com.sg
Reply
#27
Big Box will also be a "collaborative business hub" for small and medium-sized enterprises (SMEs) that find it hard to set up shop in malls, and the firm is in discussions with Spring Singapore and the Infocomm Development Authority, said Ms Tong.

The old WRS is very restrictive and if it is solely inhouse brands, Akira will surely have a hard time and the intention of leasing to external parties may not be possible under the strict interpretations.

Please correct me if I m wrong.

Odd Lots
Vested
GG

Largest warehouse retail mall to open in Q4

Big Box in Jurong East to have drive-through pick-up service

Published on Mar 13, 2014

newspostPurchase this article for republication
photobankBuy SPH photos
Big Box, which has 400,000 sq ft of retail and dining space, will be run by a single operator, TT International, under EDB's Warehouse Retail Scheme. -- ST PHOTO: MATTHIAS HO

By Cheryl Ong And Tee Zhuo

SINGAPORE'S largest warehouse retail mall is set to open in Jurong East by the fourth quarter of this year after earlier delays.

The $320 million mall will be the first here to feature a drive- through option for shoppers to pick up goods ordered online.

Developer TT International said yesterday that the 1.3 million sq ft project - its first shopping mall here - has 400,000 sq ft of retail and dining space. Warehouse and logistics facilities will take up 600,000 sq ft and an exhibition hall, 70,000 sq ft.

The eight-storey complex will be connected to the Jurong East MRT station and bus terminal, neighbouring malls such as Jem, Westgate and JCube, and the nearby Ng Teng Fong Hospital and Jurong Community Hospital.

TT International, a Singapore-listed firm, will be the mall's sole operator and will sell products from its house brands, such as Akira and Barang Barang, in addition to new imported labels. The firm will also run a hypermarket at the mall under its "Big Box" brand.

"Unlike most other malls, which function as landlords with tenant retailers, Big Box will have a single vendor which will seek to increase retail volumes and pass on cost savings to shoppers," said Mr Wong Ah Long, chief executive of Big Box.

TT International executive director Julia Tong said the project will differentiate itself with the drive-through allowing shoppers to buy goods online and pick them up "within five minutes".

Big Box will be the last and largest project built under the Economic Development Board's Warehouse Retail Scheme introduced in 2004. The other three are Ikea, Courts and Giant, all in Tampines. The scheme allows industrial land to be used for retail and warehousing.

TT International had acquired the mall's 5.6ha site from JTC Corporation for $43 million in 2007, and the mall was initially slated for completion in 2009. But the development met setbacks during the global financial crisis and when its partner, Lucrum Capital, pulled out its $200 million investment in July 2012.

TT International later secured an investment of $92 million from Utraco Investment and Prima BB in December 2012, and also obtained a loan of $125 million from The Great Eastern Life Assurance Company and The Overseas Assurance Corp last year.

TT International will own 51 per cent of Big Box, while Utraco Investment will hold 30.4 per cent and Prima BB, the remaining 18.6 per cent.

Big Box will also be a "collaborative business hub" for small and medium-sized enterprises (SMEs) that find it hard to set up shop in malls, and the firm is in discussions with Spring Singapore and the Infocomm Development Authority, said Ms Tong.

"The problem SMEs face is high business costs, where rental is a major contributor. If we can... bring down business costs by improving efficiency, that is what we can facilitate."

ocheryl@sph.com.sg

teezhuo@sph.com.sg
Reply
#28
Too crowded in that area. Many shops are struggling to survive in JCUBE, WESTGATE and IMM.
There are many empty space in IMM . It is definitely a uphill task for BB to fill up the space.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Reply
#28
Too crowded in that area. Many shops are struggling to survive in JCUBE, WESTGATE and IMM.
There are many empty space in IMM . It is definitely a uphill task for BB to fill up the space.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Reply
#29
(13-03-2014, 08:30 AM)greengiraffe Wrote: Big Box will also be a "collaborative business hub" for small and medium-sized enterprises (SMEs) that find it hard to set up shop in malls, and the firm is in discussions with Spring Singapore and the Infocomm Development Authority, said Ms Tong.

The old WRS is very restrictive and if it is solely inhouse brands, Akira will surely have a hard time and the intention of leasing to external parties may not be possible under the strict interpretations.

Please correct me if I m wrong.

If TT Int can attract and sign on a few more master franchise, they may make this work but I agree that the area is getting increasingly crowded. And what makes sense in 2008 before the GFC may no longer make sense more. I think they will continue to struggle despite the potential of the area.

France’s Habitat Signs Master Franchise Agreement for Asia Pacific With Singapore’s TT International; Will Debut in BIG BOX By Year End

[VESTED]
Reply
#29
(13-03-2014, 08:30 AM)greengiraffe Wrote: Big Box will also be a "collaborative business hub" for small and medium-sized enterprises (SMEs) that find it hard to set up shop in malls, and the firm is in discussions with Spring Singapore and the Infocomm Development Authority, said Ms Tong.

The old WRS is very restrictive and if it is solely inhouse brands, Akira will surely have a hard time and the intention of leasing to external parties may not be possible under the strict interpretations.

Please correct me if I m wrong.

If TT Int can attract and sign on a few more master franchise, they may make this work but I agree that the area is getting increasingly crowded. And what makes sense in 2008 before the GFC may no longer make sense more. I think they will continue to struggle despite the potential of the area.

France’s Habitat Signs Master Franchise Agreement for Asia Pacific With Singapore’s TT International; Will Debut in BIG BOX By Year End

[VESTED]
Reply
#30
This is no ordinary retail property owner - the lease is probably left with 23 years and with the stringent criteria such as $200m turnover from inhouse product it really make one wonder if TT has products that will appeal to local consumers...

HomePremiumStory
TTI counting on Big Box mall to revive its fortunes

Published on Apr 01, 2014



By Tee Zhuo

A LOCAL firm that has been struggling since the 2008 financial crisis is pinning its hopes of a turnaround on the upcoming Big Box mall in Jurong.

TT International (TTI), which is still under a scheme of arrangement hammered out with creditors in 2010, announced last month that the $320 million complex will open in December. The 1.3 million sq ft project, TTI's first mall here, must achieve an annual turnover of at least $200 million within the next five years under the Economic Development Board's warehouse retail scheme.

Introduced in 2004, the scheme allows industrial land to be used for retail and warehousing. Malls by Ikea, Courts and Giant, all in Tampines, were built under the scheme.

TTI said it also intends to expand its retail operations and its sourcing and brand management services and grow its franchisee and home-brand retail stores across Asia to more than 300 stores within five years.

The furniture and furnishings arm F&F, which manages brands such as Novena, Barang Barang and Castilla, will be further developed as well, as will TTA Holdings.

This is an Australia-based and -listed subsidiary 86 per cent owned by TTI.

TTI also signed a 15-year master franchise agreement with French furniture manufacturer Habitat last month.

This involves opening eight stores over three years in Singapore, Taiwan, Indonesia and Brunei. The first store will open in Big Box.

Executive director Julia Tong told a briefing yesterday that TTI intends to export the Big Box model through partnerships and joint ventures.

TTI may also list its Indonesian subsidiary PT ES, which operates 56 stores in the country.

The firm entered a debt standstill agreement with its creditors to undergo debt restructuring in October 2008.

This was followed by a scheme of arrangement sanctioned by the Singapore High Court in October 2010.

The 2008 crisis hit TTI hard. Annual sales have been cut by half to about $400 million and headcount initially dropped from more than 4,000 to 2,000 by 2012, although it has risen slightly. The company recorded a 18.5 per cent drop in revenue to $75.8 million in the quarter ended Dec 31 last year, from $93 million for the same period a year earlier.

Net loss for the same period widened by more than 810 per cent to $3.2 million from $354,000, due mostly to "unrealised foreign exchange losses" amounting to $2.4 million.

teezhuo@sph.com.sg
Reply
#30
This is no ordinary retail property owner - the lease is probably left with 23 years and with the stringent criteria such as $200m turnover from inhouse product it really make one wonder if TT has products that will appeal to local consumers...

HomePremiumStory
TTI counting on Big Box mall to revive its fortunes

Published on Apr 01, 2014



By Tee Zhuo

A LOCAL firm that has been struggling since the 2008 financial crisis is pinning its hopes of a turnaround on the upcoming Big Box mall in Jurong.

TT International (TTI), which is still under a scheme of arrangement hammered out with creditors in 2010, announced last month that the $320 million complex will open in December. The 1.3 million sq ft project, TTI's first mall here, must achieve an annual turnover of at least $200 million within the next five years under the Economic Development Board's warehouse retail scheme.

Introduced in 2004, the scheme allows industrial land to be used for retail and warehousing. Malls by Ikea, Courts and Giant, all in Tampines, were built under the scheme.

TTI said it also intends to expand its retail operations and its sourcing and brand management services and grow its franchisee and home-brand retail stores across Asia to more than 300 stores within five years.

The furniture and furnishings arm F&F, which manages brands such as Novena, Barang Barang and Castilla, will be further developed as well, as will TTA Holdings.

This is an Australia-based and -listed subsidiary 86 per cent owned by TTI.

TTI also signed a 15-year master franchise agreement with French furniture manufacturer Habitat last month.

This involves opening eight stores over three years in Singapore, Taiwan, Indonesia and Brunei. The first store will open in Big Box.

Executive director Julia Tong told a briefing yesterday that TTI intends to export the Big Box model through partnerships and joint ventures.

TTI may also list its Indonesian subsidiary PT ES, which operates 56 stores in the country.

The firm entered a debt standstill agreement with its creditors to undergo debt restructuring in October 2008.

This was followed by a scheme of arrangement sanctioned by the Singapore High Court in October 2010.

The 2008 crisis hit TTI hard. Annual sales have been cut by half to about $400 million and headcount initially dropped from more than 4,000 to 2,000 by 2012, although it has risen slightly. The company recorded a 18.5 per cent drop in revenue to $75.8 million in the quarter ended Dec 31 last year, from $93 million for the same period a year earlier.

Net loss for the same period widened by more than 810 per cent to $3.2 million from $354,000, due mostly to "unrealised foreign exchange losses" amounting to $2.4 million.

teezhuo@sph.com.sg
Reply


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