Breaking News

01 Apr 2017 20:51 - 01 Apr 2017 22:08 #23721 by iCann

4 July 2016

The Board of Directors of Tat Hong Holdings Ltd refers to the Company’s announcements made on 7 October 2014, 12 August 2015, 21 September 2015 and 25 November 2015 and wishes to announce that its 82%-owned subsidiary, Tat Hong Equipment Service Co. Ltd. (“THES”) has informed the Taiwan Stock Exchange (“TWSE”) that it will not proceed with the listing of its shares on TWSE.

The Company is of the opinion that the current global economic environment as well as the weak and volatile global equity markets are not conducive for the listing of THES and that any valuation of THES at this point in time would not commensurate
with its intrinsic value. Hence, it would not be in the shareholders’ interest to proceed with the proposed listing of THES under current conditions.

The Company may or may not seek a listing of THES on TWSE or other stock exchange in the future and will keep shareholders informed of any material developments accordingly.

27 February 2017

The Board of Directors of Tat Hong Holdings Ltd, and together with its subsidiaries, the
“Group”) wishes to inform that its 88.4% indirectly-owned subsidiary, Tat Hong Equipment (China) Pte Ltd (“THEC”), has acquired 2,128,250 shares in the capital of Tat Hong Equipment Service Co., Ltd (“THES”) from Joyful Shine Holdings Limited for a cash consideration of NTD128.8 million or approximately S$5.9 million.

As THES is a profitable company and as the prospects for the tower crane rental business in China remain healthy in the near to medium term, THEC agreed to acquire JSH’s entire interest comprising 2,128,250 THES Shares when JSH decided to exit its investment.

Shareholders and other investors are advised to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they are in doubt about the actions that they should take.

By Order of the Board
Tat Hong Holdings Ltd
Last edit: 01 Apr 2017 22:08 by iCann.

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01 Apr 2017 20:58 - 01 Apr 2017 21:25 #23722 by iCann
15 August 2016

Tat Hong Holdings Ltd (the “Company”) refers to its announcements released on 15 March 2016 (the “15 March Announcement”), 15 April 2016, 15 May 2016, 15 June 2016 and 15 July 2016.

The Company disclosed in the 15 March Announcement that the Company had been
approached in connection with a potential transaction which may or may not lead to an
acquisition of the issued share capital of the Company.

Further to the announcement released on 15 July 2016, the Company wishes to update that the discussions are still on-going and there is no certainty or assurance whatsoever that these discussions will result in any transaction.

The Company will, in compliance with the applicable rules (including the Corporate Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further announcements as appropriate.

The Company wishes to advise its shareholders to refrain from taking any action in respect of their shares of the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company.

By Order of the Board

8 September 2016

The Company disclosed in the 15 March Announcement that the Company had been
approached in connection with a potential transaction which may or may not lead to an
acquisition of the issued share capital of the Company.

Further to the announcement released on 15 August 2016, the Company wishes to update shareholders that the counterparty has informed the Company that it would not be proceeding with its assessment of the potential transaction at this stage, in view of the current economic conditions impacting the counterparty’s business.

Accordingly, the Company has ceased discussions with the counterparty.
The Company will continue to evaluate strategic options or opportunities which may arise from time to time, with a view to enhancing shareholder value.

(Private Equity likes to buy companies when the business is at its peak but trading at a super long term discount (e.g. ARA ASSET MGMT) OR when the business is stable and trading at a discount with a medium-term outlook. Unlike PE, corporate raiders will go for short term gain by buying out the company, delisting and strip-off the valuable asset for quick return.e.g. Saizen Reit)

Anything, anytime, anywhere can happen from now. Why? The macro picture is brewing towards the favour of TH
Last edit: 01 Apr 2017 21:25 by iCann.

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03 Apr 2017 18:08 #23730 by iCann
China's Plan to Create New Shenzhen Triggers Speculative Rampage

It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy.

Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province -- in the same spirit that Shenzhen and Shanghai’s Pudong was built -- hordes of prospective buyers had thronged to the region. Highways were clogged as they came to purchase real estate, with some camping outside property agent offices overnight, according to local media reports. On Sunday the government banned all property sales in the zone to stem speculation, according to the National Business Daily.

On Monday, shares of Chinese cement, building and port-related stocks surged in Hong Kong amid optimism the decision will spark a flurry of construction activity. The move by President Xi Jinping, which evokes memories of the rise of Shenzhen since it was declared a special economic zone more than three decades ago, is seen as a historic milestone to power China’s growth for a “millennium to come,” the official Xinhua News Agency reported. The new zone is expected to eventually cover about 2,000 square kilometers (772 square miles) and jump-start China’s economic growth.

Shares of cement company BBMG Corp. surged as much as 46 percent in its biggest gain since July 2009. Tianjin Port Development Holdings Ltd rallied 14 percent and China National Building Material Co. advanced 7 percent. Mainland Chinese markets are closed for a public holiday and reopen on Wednesday.

“China’s new economic zone plan makes investors feel more optimistic about China’s economic outlook,” Castor Pang, head of research at Core Pacific-Yamaichi in Hong Kong, said by phone. “The investment plan could support demand for cement, steel and construction-related materials in the next ten years in China.”

Tangshan Jidong Cement Co. sent out an internal notice to its customers to raise cement price by 50 yuan per ton starting from April 2. “The price raising move should be triggered by China’s plan to build an economic zone,” Chan said. “We expect other cement makers to follow the move to hike cement prices thanks to the construction needs.”

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03 Apr 2017 21:34 - 03 Apr 2017 21:36 #23731 by iCann
Singapore’s property market to benefit from population & economic growth ahead

SINGAPORE (April 3): Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.

In an April 2017 report entitled Back to life, back to growth, the financial and professional services firm says it believes the city state’s population and skilled workforce growth rates are set to rise over the next few years to benefit office, retail and residential demand in the local property segment.

Singapore’s Minister for Manpower Lim Swee Say in Feb 2017 revealed plans to create around 25,000 to 40,000 jobs annually for the next few years. While the firm reckons this means population growth could rise to 1.5-1.8% per year in 2017-2025, the firm also estimates that the number of employment pass holders could also increase by 10,000 to 16,000 per year as compared to just 1,000 per year in 2012-2014.

At the same time, JLL expects gradual relaxation of residential cooling measures, as well as the lift in government housing grants from March 2017, to boost home prices in the years to come.

Regina Lim, head of Southeast Asia capital markets research, JLL, calls the government’s recent move to increase housing grants for resale public housing (HDB) flats by $10,000 to $20,000 an “upside surprise” – as it is the first time an increase was done in the last ten years for housing grants targeting the middle-income groups.

“The higher housing grants could translate to higher HDB resale sales proceeds, which would allow the sellers to buy bigger or more expensive private condominiums as they upgrade. As we expect most upgraders to borrow up to 80% loan-to-value for their mass market condominiums, this could translate to spending $50,000-$100,000 more on their purchase,” says Lim.

She deduces this translates to a 5-10% increase in mass condominium sales assuming, that the average condominium is priced around $1-1.2 million.

Additionally, as part of the 2017 Budget, Singapore’s government has also relaxed some of its residential market cooling measures, which JLL sees as a signalling move that will minimise market disruption as the US fed funds are increased gradually and interest rates rise over the next three years.

“Singapore’s inflation is expected to hit 1% in 2017, after two years of deflation. Historically, office demand correlates with GDP growth, and this will likely spur the growth of retail sales and rental values. Singapore’s economy is expected to grow by 2.6% in 2017 and 3.2% in 2018. Putting these factors together, we can expect to see office demand and retail sales to improve after slowing for the last six years,” she adds.


Singapore Property Developers Have a New Headache
Opting for discounts could push home prices even lower, prolonging a three-year slide in property values. The alternative could be even more costly. About 2,098 homes remain unsold in 57 projects and penalties on these could total about S$647 million ($463 million) this year, according to industry estimates based on official data.

“This could incentivize them to give greater discounts to buyers who have been waiting on the sidelines for further price corrections,” said Christine Li, director of research at Cushman & Wakefield Inc. in Singapore. “Paying the penalties will still be the last resort,” she said, adding that weaker developers might give steeper discounts while major ones hold out.

The Southeast Asian nation, which has one of the highest rates of home ownership in the world, also has among the most stringent regulations. Under rules aimed at preventing land hoarding, all developers with non-Singaporean shareholders or directors are required to complete construction of projects and obtain a Temporary Occupation Permit within five years of acquiring land. They have another two years to sell the apartments or face fines. Since December 2011, developers have been given a five-year deadline to sell all units in a development or pay at least 10 percent of the land price as a penalty.

One way around that was the bulk sale of apartments via a share transfer to big investors, who pay lower a stamp duty than individual buyers. With the latest rule changes last month, that loophole has been shut by equalizing the tax rates.
Last edit: 03 Apr 2017 21:36 by iCann.

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03 Apr 2017 22:02 #23732 by iCann
Property agents shut, buyers still hunt as China plans new economic zone

[BEIJING] Real estate agents in Xiongxian county in China's Hebei province shut up shop on Monday, hours after Beijing ordered a ban on property sales in a frantic effort to curb a sudden housing boom triggered by plans for a new special economic zone.

News on Saturday of the government's ambitious scheme to set up a special economic zone in Hebei province that would be modelled on the Shenzhen Special Economic Zone that helped kickstart China's economic reforms in 1980 sent bargain-hunters flocking to the 100 square kilometre area.

By Sunday, average apartment prices in the region had almost doubled, hotels were full and residents complained about traffic jams as out-of-towners from Beijing and beyond descended on the area 100 km south-west of the capital, the Global Times reported.

Hong Kong-listed infrastructure, logistics and building materials shares soared on Monday as investors piled in, betting on a potential boom in business. Mainland markets were closed for a two-day public holiday.

Officials took to the streets to blast warnings through loudspeakers against illegal speculating.

In Xiongxian on Monday, the doors to the Anju property company were sealed by tape declaring "Shut by the government on April 2", while workers dismantled the brown and white store sign for the Qianju real estate company.

Still, social media was abuzz about the astonishing price rally and investors' appetite even before Beijing had laid out concrete details of the development plan.

"Housing prices have jumped even before companies and people have committed (to the zone). Does any company dare to invest there after property prices soared?" posted one Weibo user using the name Roumando.

The frenzy underscores Beijing's challenge as it seeks to crack down on speculators, which have whipsawed prices of equities, commodities and property in recent years, and cool a red-hot real estate market.

Prospective buyers appeared undeterred on Monday.

A couple were in Anxin checking out property after driving from Tangshan, about 250 km east of the new zone. Even if they can't buy in the new zone, they will extend their search to nearby areas, the wife said.

Chen Bo, a 32-year-old from Xiongxian county who has been working in Beijing for eight years, said he was too excited to sleep on Saturday night given the magnitude of the project.

"This is like pie falling from the sky," he was quoted as saying in local media.


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13 Apr 2017 00:02 #23769 by iCann
Replied by iCann on topic Breaking News-BlackBerry
BlackBerry shares surge 19% after $815 million reward from Qualcomm

BlackBerry shares surged on Wednesday after the company said it was rewarded a preliminary $814.9 million in arbitration against Qualcomm for royalty overpayments.

The figure is about 20 percent of BlackBerry's U.S. market capitalization. The Canadian company's U.S.-traded shares jumped more than 19 percent in premarket trade on the news.

Shares of Qualcomm fell nearly 1 percent in premarket trade. The chipmaker did not immediately respond to a CNBC request for comment.

"BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners," BlackBerry CEO John Chen said in a statement.

Qualcomm shares are 15 percent lower year to date, while BlackBerry is up more than 11 percent.


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