Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

<a href="https://www.smartkarma.com/entities/16376" target="_blank" data-smartkarma-citation="entities:16376:1">Golfzonyuwonholdings Co Ltd (121440 KS)</a>, also called "Golfzon Newdin" announced today that it will partner with MBK private equity firm to consolidate and franchise golf courses in Korea. This joint venture plans to raise 1 trillion won (US$885 million) in equity rights offering to acquire about 30 golf courses in Korea and franchise them. Golfzon Newdin is the holding company for the Golfzon Group. Golfzon Newdin currently has a market cap of 227 billion won. Golfzon Newdin has a 20.3% stake in…

Golfzonyuwonholdings Co Ltd (121440 KS), also called "Golfzon Newdin" announced today that it will partner with MBK private equity firm to consolidate and franchise golf courses in Korea. This joint venture plans to raise 1 trillion won (US$885 million) in equity rights offering to acquire about 30 golf courses in Korea and franchise them. Golfzon Newdin is the holding company for the Golfzon Group. Golfzon Newdin currently has a market cap of 227 billion won. Golfzon Newdin has a 20.3% stake in…

MBK Partners with Golfzon Newdin to Consolidate & Franchise Golf Courses in Korea

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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Cyclical Sectors Led Market in 2017 YTD; IT Sector in the Lead

Biggest Hotel, Restaurant & Leisure Stocks Extend Average YTD Gain to 20%

Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

Value-focused bottom-up Asian equity research

NVB Asia Pte Ltd

Equity Bottom-Up

On the 26th of July, I attended the AGM of <a href="https://www.smartkarma.com/entities/20224" target="_blank" data-smartkarma-citation="entities:20224:1">Accordia Golf Trust (AGT SP)</a> in Singapore. The meeting lasted exactly one hour.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/030/526/original/IMG_1745.JPG?1501119862" class="editor-image img-responsive" data-smartkarma-image-id="30526"></figure>The AGM was attended by about 150 investors who were given a presentation on the results of the last financial year and an update on the overall Japanese economy. Management believes the employment picture is improving so wages are gradually on the rise. Given the age-profile of Japan (35% of 127 million population is over the age of 60) the CEO believes that demand for golf…

On the 26th of July, I attended the AGM of Accordia Golf Trust (AGT SP) in Singapore. The meeting lasted exactly one hour.The AGM was attended by about 150 investors who were given a presentation on the results of the last financial year and an update on the overall Japanese economy. Management believes the employment picture is improving so wages are gradually on the rise. Given the age-profile of Japan (35% of 127 million population is over the age of 60) the CEO believes that demand for golf…

AGM Accordia Golf Trust (AGT SP): Management Hopeful to Inject Assets in Next 12 Months

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Last night, <a href="https://www.smartkarma.com/entities/20224" target="_blank" data-smartkarma-citation="entities:20224:1">Accordia Golf Trust (AGT SP)</a> release their FY16/17 results. Key headlines are as follows:<ul>
<li>Operating Income fell 2.4% Y-o-Y to JPY 51,919m from JPY 53,175m</li>
<li>Profit (after tax) fell 38.3% Y-o-Y to JPY 4,113m from JPY 6,662m</li>
<li>Total Distributable Income fell 14.3% Y-o-Y to JPY 5,178m from JPY 6,041</li>
<li>DPU fell 8.9% Y-o-Y to SGD 6.04 from SGD 6.63</li>
</ul><div class="content-remarks">Link to <a href="http://accordiagolftrust.listedcompany.com/newsroom/20170525_183557_ADQU_RRL9A22VE4KR13RC.2.pdf" target="_blank">Presentation</a>, <a href="http://accordiagolftrust.listedcompany.com/newsroom/20170525_183557_ADQU_RRL9A22VE4KR13RC.1.pdf" target="_blank">Financial results</a></div>AGT share price reacted negatively, opening at 0.755, down 3.2% from previous close of SGD 0.78. Through the…

Last night, Accordia Golf Trust (AGT SP) release their FY16/17 results. Key headlines are as follows:
Operating Income fell 2.4% Y-o-Y to JPY 51,919m from JPY 53,175m
Profit (after tax) fell 38.3% Y-o-Y to JPY 4,113m from JPY 6,662m
Total Distributable Income fell 14.3% Y-o-Y to JPY 5,178m from JPY 6,041
DPU fell 8.9% Y-o-Y to SGD 6.04 from SGD 6.63
Link to Presentation, Financial resultsAGT share price reacted negatively, opening at 0.755, down 3.2% from previous close of SGD 0.78. Through the…

Accordia Golf Trust - Full Year FY16/17 Results

Singapore

Accordia Golf Trust is a business trust that owns, operates, and maintains golf courses and golf course-related assets in Japan. Its primary objective is to generate and distribute long-term, stable cash flow to investors by investing in a portfolio of approximately 90 golf courses, driving ranges, and related assets across Japan, with a significant concentration in the Greater Tokyo, Nagoya, and Osaka metropolitan areas. The company is headquartered in Singapore and was established in 2014.

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Accordia Golf Trust (AGT SP)

MBK Partners with Golfzon Newdin to Consolidate & Franchise Golf Courses in Korea

Golfzonyuwonholdings Co Ltd (121440 KS), also called "Golfzon Newdin" announced today that it will partner with MBK private equity firm to...

Douglas Kim

Cyclical Sectors Led Market in 2017 YTD; IT Sector in the Lead

Singapore Exchange Ltd (SGX)

Biggest Hotel, Restaurant & Leisure Stocks Extend Average YTD Gain to 20%

Singapore Exchange Ltd (SGX)

AGM Accordia Golf Trust (AGT SP): Management Hopeful to Inject Assets in Next 12 Months

On the 26th of July, I attended the AGM of Accordia Golf Trust (AGT SP) in Singapore. The meeting lasted exactly one hour.The AGM was attended by...

Nicolas Van Broekhoven

Accordia Golf Trust - Full Year FY16/17 Results

Last night, Accordia Golf Trust (AGT SP) release their FY16/17 results. Key headlines are as follows: Operating Income fell 2.4% Y-o-Y to JPY...

Crispin Francis

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