Straco’s AGM was attended by many happy shareholder who applauded the management for producing record profits as well as successfully turning around the Singapore Flyer. Here are some of the Q&A exchanged during the AGM:
7 Questions & Answers
Question 1: What is the average utilization rate of the Singapore Flyer? Are there any initiatives in mind to boost the utilization rates?
Management shared that the occupancy rate of the Singapore Flyer is around 70% and that there are plans to spend S$20-30m over the next 2-3 years, mainly focused on F&B services.
Question 2: Why has there not been a ticket price increase in the tourism assets in China?
CFO shared that any ticket price increase would not go well given the current economic environment. Management also mentioned that they want to align themselves with the Government before doing any price hikes.
Question 3: Referring to Page 84 of the 2015 Annual Report, …