He has taken to increase his holding in the past 4 weeks (see table).
GSH has been making progress as a property play. The latest move, executed last month (Aug), was its acquisition through a 51%-owned subsidiary of Equity Plaza in Raffles Place for S$550 million.
GSH held out big hopes for it, saying in June this year: "The Group intends to retrofit the 25-year old building to be on par with the top buildings in the area. The Group believes that the subsequent investment to upgrade the façade and overall quality of the building will position the Group to realize substantial value from the acquisition in the near future."
Substantial value.... Shareholders can't wait for it to materialise.
Substantial value.... Shareholders can't wait for it to materialise.
Still, it's early days for its property development projects. Thus, for 1H this year, the property segment incurred a net loss of S$3 million.
GSH's hospitality segment (ie, the Sutera Harbour Resort Group in Malaysia, which was acquired in March 2014) reported a net loss of S$1.2 million for 2Q this year.
GSH's legacy core business, the trading and distribution segment, suffered a net loss of S$0.2 million in 1H of this year.
The company is in the midst of divesting the trading and distribution business to Serial System. (See: SERIAL SYSTEM: Acquisition of Achieva, GSH units to propel growth)
When completed, it will become a pure property and hospital play -- and Sam Goi seems to like what he sees of the future of GSH.
The company is in the midst of divesting the trading and distribution business to Serial System. (See: SERIAL SYSTEM: Acquisition of Achieva, GSH units to propel growth)
When completed, it will become a pure property and hospital play -- and Sam Goi seems to like what he sees of the future of GSH.
Recent story: GSH CORP: Mah Bow Tan Ups Stake, Far East Is New Major Shareholder