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With reference to my Guthrie GTS postings:
focus on Guthrie - GTS strategic partners - LKT (very tightly held but very undervalued and conservatively runned), LKH (new partner for new development projects since the success in PL Sq, incidentally, LKH was the contractor for the NEX that belongs to privately owned Indonesian $ and managed by Asiamalls - retail management arm of GTS)
LKH have been tying up with GTS for a number of years already. In fact, Invesco (Fund Manager behind SUN Ventures) is a quiet and unsung institution.
LKH has its roots in Malaysia via ex parent General Corp. I have been dreaming if Guthrie and Invesco may be leveraging on LKH and its ex Parent's knowledge to explore Malaysia in a very conservative but slow and steady fashion.
Whatever it is, $ is not an issue with all 3 parties and local knowledge and skill sets appears to be the missing pieces that Guthrie - Invesco are after.
With strong projected cash flowing through largely pre-sold projects, LKH appears to be another delisting candidate in time to come.
Vested
GG
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I'm confused....Guthrie strategic parner is LKH or LKT?
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AWARD OF S$114.3 MILLION CONSTRUCTION CONTRACT
___________________________________________________
___________________
The board of directors of Low Keng Huat (Singapore)
Limited (“LKHS” or the
“Company”) is pleased to announce that the Company
has been awarded a S$114.3m
construction contract for the design and build of o
ne block of hotel development with
landscape deck, basement carpark, swimming pool & o
ther ancillary facilities at Jurong
Town Hall Road. The project is awarded by Tamerton
Pte Ltd, a wholly-owned
subsidiary of Genting Singapore PLC, and it is expe
cted to be completed in the first
half of year 2015.
Patience is a virtue.
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hotel coming up at jurong east! June 2015!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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It's quite a funny place to have a hotel. Any buddies stay near Jurong Town Hall can share how the area is like?
Patience is a virtue.
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At a conservative net margins of 5% after tax - LKH should net S$5.7m net profits.
LKH have previously participated in Genting Singapore's Resort World Sentosa developments - no big surprises here