Far East Orchard Limited aka Orchard Parade Holding

[pianist]

pls share some of the q&a.

[propertyinvestor]

Alot of questions were asked. The goods ones were the ones asked about YHS and its potential. YHS could possibly be the next OPH!

[pianist]

do u mean YHS spin off a YHS reit?
it's a pity i was slogging like a dog in the workplace today, else i would have given my vote FOR the resolution.

[ngcheeki]

Far East REIT marketing $703m Singapore.

Far East REIT, which owns hotels and serviced residences in Singapore, started pre-marketing on Friday of an initial public offering of up to $700 million, the biggest in the Southeast Asian country so far this year, a source said.

Far East REIT and its bankers will start taking orders for the IPO on Aug. 6, with pricing slated for Aug. 15. The REIT is set to debut on the Singapore stock exchange on Aug. 27.

http://www.theedgesingapore.com/the-dail...e-ipo.html

[pianist]

the day has finally come..
"Following the completion of the Transactions, the Company will announce the books
closure date for the Special Dividend and the Dividend in Specie (each as described in the
Shareholders’ Circular dated 19 June 2012) together with the next quarterly financial
results announcement of the Company or as soon as practicable. A separate
announcement will be made in due course."

[pianist]

BIOGRAPHY
ARTHUR KIONG
Executive Director and CEO, Far East Hospitality
Far East Organization
Arthur Kiong is the Chief Executive Officer of Far East
Hospitality, which is part of Far East Organization. Mr
Kiong is concurrently the Executive Director of Far East
Organization, Singapore’s largest private property
developer.
Mr Kiong returned to Far East in 2012, where he
previously headed the Organization’s then newly-formed Hotel Division from 2005 -
2007. In his current role, Mr Kiong provides key leadership to drive further growth for
the company’s hospitality management business. Far East Hospitality has a portfolio of
eight hotels and 10 serviced residences in Singapore and Malaysia.
Prior to this, Mr Kiong held various senior positions at Banyan Tree Hotels and Resorts,
first joining the company in 2008 as Senior Vice President – Group Sales & Marketing,
and rising through the ranks to Managing Director – Hotel Operations (Asia Pacific &
China) and Senior Vice President – Group Marketing Services. In his last held
appointment, Mr Kiong was responsible for the inception of Canopy Marketing Group
Pte Ltd, as its Chief Executive Officer. Wholly owned by Banyan Tree Services, the
marketing company provides strategic insights and marketing services to the various
businesses in the Banyan Tree Group.
From 2002 to 2005, Mr. Kiong was Vice-President of Marketing (Asia Pacific) for the
Peninsula Group based in Hong Kong, where he was responsible for the marketing
functions in Head Office and Sales for the hotel outside the U.S.
Mr Kiong has over 20 years of hotel industry experience having held operations, sales
and marketing roles for various hotels in Asia and the USA including The Peninsula
Hotels, the Mandarin Oriental Hong Kong, The Ritz-Carlton, Hyatt International, Westin
Hotels, and Banyan Tree Hotels & Resorts.

[propertyinvestor]

Buy on dips!

[ngcheeki]

There is an analyst report on FEOrchard from Kim Eng this morning rising the price target for FEOrchard from S$2.37 to S$2.82 on the speculation of acquiring the Scotts Medical Centre (SMC) from Far East Organisation.

As highlighted by Philip Ng during the last EGM, FEOrchard will be the FEO vehicle for hospitality and healthcare arms. The chances of divesting the SMC to FEOrchard is very likely but hopefully at a reasonable price.

http://www.kimengresearch.com.sg/

[pianist]

i think yr post on the kim eng report has quite a stir today - the price shot up now at 2.38..surpassing the former target price set by kim eng

[Vseeker]

certain things in life are: better see, no touch !!
I'm NOT vested in FEOrchard nor YHS.. (their Prices now: FEOrchard=$2.83, YHS=$5.28 !!! )

Each FEOrchard share ==> You get $0.12 cash + 0.229 YHS shares
for those thinking of buying FEOrchard coz you figuring that 0.229 YHS shrs be worth XX dollars !
be careful that X-dis price for FEOrchard, might correct downward by that lofty quantum (0.229 * YHS shr price),
but by the time, your a/c get credited with your ""DIS-YHS shrs"",
YHS share price would had already plunge !!.... so your 0.229 YHS shr gonna be worth very much lesser !!

YHSD shareholdings NOW => versus New YHS Shareholdings AFTER FEOrchard DIS-out-those YHS shrs to some 6000 existing FEOrchard shrhldrs
Below perhaps explain why YHS price had gone up so much... BUT should also be coming down again !!
====

it seem to me that YHS share price been "engineered" up by almost over 4 folds to over $5.00 now... versus ONLY $1.20 four months ago, and only $1 at start of year
BASED on YHS AR2011 as rough guide:
YHS shrs (as at Mar2012) are held by ONLY a very small number of people....
1000-to-10,000 shares range - only 351 shrhldrs with aggregate of 1.379m shrs
10,001-to-1,000,000 rs range- ONLY 143 shrhldrs with aggregate of 5.310m shrs
Above 1m shares range => there are 12 holders controlling 567.4m shrs (98.83% of listed shrs - bulk are under FE Holdings & also FEOrchard)

Implication of above: market price of YHS CAN BE EASILY Manipulated
dun know why FEOrchard taking so long to do the DIS-of-those-YHS shares !!! ,
the longer they take, the more the current market prices of YHS shrs can get manipulated.

Upcoming DIS-of- 83.298m YHS shrs by FEOrchard will create some 5900 new YHS-shrhldrs, and almost everyone of them will endup with some ODD lots shrs
Each FEOrchard share ==> You get $0.12 cash + 0.229 YHS shares

so New YHS Shrhlders: arising from DIS-of-YHS shrs to OPH Shrhldrs (Guesstimate based on OPH Shrhldrs stats as at 15-Mar2012 (OPH AR2011)
443 of them will have average of 171 YHS shrs each,
4094 of them will have average 1047 YHS shrs
1346 of them will have average 9120 YHS shrs
==> so its v. likely that many of them will be selling their newly dis-YHS shrs... they will be selling their odd lots !!!

for those thinking of buying FEOrchard coz you figuring that 0.229 YHS shrs be worth XX dollars !
be careful that X-dis price for FEOrchard, might correct downward by that lofty quantum (0.229 * YHS shr price),
but by the time, your a/c get credited with your ""DIS-YHS shrs"", YHS share price would had already plunge !!..
.... so your 0.229 YHS shr gonna be worth very much lesser !!

btw: YHS's latest strong earnings unlikely to get repeated coz property contributed a huge chunk (TOP of Jardin project in 2012-Q1),
but there will be no repeat of Jardin's TOP beyond current FY.