Metro Holdings

Dongdaemun
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14 years 8 months ago - 14 years 8 months ago #1723 by Dongdaemun

Metro Holdings was created by Dongdaemun

hey article by Robert Halili, MD of Asia Insider, for BT on Aug 24 Monday.

Last edit: 14 years 8 months ago by Dongdaemun.

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Dongdaemun
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14 years 8 months ago #1728 by Dongdaemun

Replied by Dongdaemun on topic Re:Metro Holdings

from Kim Eng report last year: It started to diversify into property in the mid-1990s, when it invested heavily in China, and to-date, this is still not well appreciated by investors. With property rental income bringing in 70% of profits, the Metro of today is more a property player than a retailer and should be better valued, in our view. It has a high quality portfolio of retail and commercial properties in ChinaÃ¢â¬â¢s top-tier cities, strong financials, and extensive retailing experience that partners (such as Shui On Land, Nan Fung) and property investment funds HSBC NF and ECM can tap on.

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14 years 5 months ago #1903 by Dongdaemun

Replied by Dongdaemun on topic Re:Metro Holdings

Metro bought back 700,000 shares at around 73 cents. Announcement on Dec 1. Missed it until now...Still, very good sign. The company certainly believes that its investment properties in Shanghai, Beijing and Guangzhou are worth a lot now and even more so in the future. As for the retail arm in Singapore - ah, that is a legacy that is not making much $. Will Metro touch $1 soon?

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14 years 3 months ago - 14 years 3 months ago #2527 by Dongdaemun

Replied by Dongdaemun on topic Re:Metro Holdings

Oi Very Solid Stock - Today, up 2 c at 84 c. Metro invests in high quality office and retail complexes. Businesses are growing in China, and demand for office space will be strong. Will hold until at least S$1. :laugh:

Last edit: 14 years 3 months ago by Dongdaemun.

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14 years 3 months ago #2721 by Pharoah88

Replied by Pharoah88 on topic Re:Metro Holdings

Are METRO and YING LI competitors? :unsure:

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Joes
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14 years 2 months ago - 12 years 3 months ago #3077 by Joes

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Is this doomsday scenario something we should be wary of? Or is this a very skewed report by Bloomberg? Make your own decision.....

Beijing Seen Vacant for 50% as Chanos Predicts Crash

By Bloomberg News Feb. 12

(Bloomberg) -- Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, with another dozen candidates.

"I took these pictures to try to impress upon these people the massive amount of oversupply," said Rodman, 63, president of Global Distressed Solutions LLC, which advises private equity and hedge funds on Chinese property and banking.

Rodman figures about half of the city's commercial space is vacant, more than was leased in Germany's five biggest office markets in 2009. Beijing's office vacancy rate of 22.4 percent in the third quarter of last year was the ninth-highest of 103 markets tracked by CB Richard Ellis Group Inc., a real estate broker.

Those figures don't include many buildings about to open, such as the city's tallest, the 6.6-billion yuan ($966 million) 74- story China World Tower 3. Empty buildings are sprouting across China as companies with access to some of the $1.4 trillion in new loans last year build skyscrapers.

Former Morgan Stanley chief Asia economist Andy Xie and hedge fund manager James Chanos say the country's property market is in a bubble. "There's a monumental property bubble and fixed-asset investment bubble that China has underway right now," Chanos said in a Jan. 25 Bloomberg Television interview. "And deflating that gently will be difficult at best."

Last edit: 12 years 3 months ago by Joes.

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