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Results Quick Thoughts (Hotel Grand, Luminor, YZJ Finance, HG Metal, Tat Seng)
By Investing Thoughts  •  August 14, 2022
With a flurry of results released, just took a few glance and give my thoughts. 1) Hotel Grand Central -Have to say that the revenue(increase of 1%) and profit (decrease of 31%) is quite bad. With only Singapore recording an increase of around 20-30% in revenue while the rest of the countries such as Australia and New Zealand recording lower revenues. -Even accounting for its disposal of its investment property which resulted in lower revenue, the net profit still came in lower as the staff cost increased much more -The only positive thing to talk about is that fixed deposit has increased a lot as the disposal proceeds have been transferred into it. -Considering even Hotel Royal was able to double its room revenue from 5m to 10.5m, Hotel Grand is literally a joke. Unfortunately, it will likely be moved out of the portfolio 2) Luminor Financial Holdings (Hodlings)...
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By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
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