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23-08-2015, 05:30 PM
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Frasers Property (formerly: Frasers Cpt (FCL))
Frasers Property (formerly: Frasers Cpt (FCL))
Frasers Property (formerly: Frasers Cpt (FCL))
23-08-2015, 06:56 PM
This newly acquired property, to be converted into 259-unit Fraser Suites Dalian, is one of the 16 new properties that Frasers Hospitality will be adding in China, including those in the pipeline.
It is part of the mixed-use Europark Tower development comprising a 100,000 sqm lifestyle shopping mall, offices and luxury residential apartments located in the heart of Donggang CBD within walking distance to Dalian Port and Davos Conference Centre. Fraser Suites Dalian is scheduled to open in 2017. The latest acquisition brings its portfolio in China to 30 properties with over 7,000 keys by 2019. Currently, Frasers Hospitality is present in both established and emerging cities, with operational serviced residences in Beijing, Chengdu, Guangzhou, Nanjing, Shanghai, Shenzhen, Suzhou, Tianjin, Wuxi and Wuhan. Frasers Hospitality chief executive Choe Peng Sum told BT that the company has been strengthening its presence in the second-tier cities since valuations in the first-tier cities have skyrocketed. As the Chinese government moves some second-tier cities into the so-called "1.5-tier cities", these cities have been growing at breakneck speed with average daily rates in some cases as high as in the first-tier cities, hence justifying the investment yields, Mr Choe said. The newly acquired Dalian property offers an internal rate of return "north of 8 per cent", he added. "Investing in Dalian, one of the country's top 10 fastest growing cities is our investment in the future of China." The 16 new properties that Frasers Hospitality is adding in China will place it strategically in the country's most thriving cities, Mr Choe said. These will be located in Changsha, Dalian, Hefei, Nanchang, Shenzhen, Suzhou, Tianjin, Wuxi, Xiamen, Chengdu and Shanghai. Frasers Hospitality is still open to the first-tier city of Guangzhou, where opportunities are emerging as the city expands its Central Business District. "There are some land we are looking at right now," Mr Choe said. While recognising the disruptive nature of online apartment-sharing platforms in the likes of Tujia.com, Mr Choe said Frasers Hospitality is looking to work with some of them. But for now, about 90 per cent of its clientele are still multinational companies and corporate travellers who work with online travel agents like Booking.com, Agoda and Expedia. In China, Frasers Hospitality is working closely with Ctrip International and eLong.
24-08-2015, 09:39 AM
(23-08-2015, 01:46 PM)greengiraffe Wrote:Prescient. Fcl hit 1.455 now.(23-08-2015, 01:12 PM)Contrarian Wrote: Boss: (vested and waiting to load) Sent from my D5503 using Tapatalk
24-08-2015, 11:45 PM
Guru GG, bro thor 666...
I added a little. Maybe too early should wait 2 more days??? Chin Chai La... How certain is their recurring revenue and the sales pipeline, if u may share?
24-08-2015, 11:56 PM
(24-08-2015, 11:45 PM)Contrarian Wrote: Guru GG, bro thor 666... Dunno, I thought their presentation slides did mention the breakdown. As far as I m concern, they have yet to replenish their resi landbank in Singapore and sold close to 2/3 of North Point City. Apart from that their flagship office in Cecil Street could be difficult but otherwise I thought ALZ should come in quite nicely over the medium term. Story remains intact. In Godfather We Trust Gundu G
25-08-2015, 12:47 AM
(24-08-2015, 11:45 PM)Contrarian Wrote: Guru GG, bro thor 666... Based on AR (I'm lazy to check their latest slides) - 2.2B in development and 0.5B in recurring (rent/mgmt/hotel). Recurring around 20%. FCL will look to rebalance this dependent on market conditions, somewhere at 50:50 ratio. If you notice their announcements, they are progressively looking to recycle their assets into REITs, so the rebalancing towards recurring income (and likely lesser revenues) is the current trend. Today's price is as good as any this year imo. Many have forgotten that FCL is fundamentally very strong, their asset values are much more stable. I will wait a little longer though as I have my eyes on LSE stocks too. Let's see how it goes.
25-08-2015, 07:04 AM
http://www.valuebuddies.com/thread-4380-...#pid117582
Based on 9M15 presentation on page 29 its 54.2%
25-08-2015, 09:48 AM
1. Recurring profit : 54.2% (REITs and Australand)
2. 2.2B pre-sales 3. And a ~45% discount to RNAV (hopefully the RNAV and cap rate remains firm).
29-08-2015, 12:08 AM
29-08-2015, 03:44 PM
Australand to develop Edmondson Park
159 words 27 Aug 2015 The Australian Financial Review AFNR English Australand, now controlled from Singapore as member of the Frasers Centrepoint Group, has won the right to buy and develop the Edmondson Park Town Centre at the gateway to Sydney's south west growth corridor. The 24-hectare site, which adjoins the new Edmondson Park rail station and is 8 kilometres from Liverpool, can be developed to over 900 homes as well as a 45,000 square metres of retail and commercial space. The NSW government's urban transformation operation, UrbanGrowth NSW, sold the site by tender through Savills and Matrix Property. No price has been disclosed on the deal. Australand chief executive Rod Fehring, said the project was an ideal opportunity to locate homes near new transport infrastructure. "This is the very best starting point for great residential communities, and we plan to enhance this opportunity with a carefully conceived mix of retail, business, health and lifestyle amenities," he said. ROBERT HARLEY |
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