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(Post 1 of 161) 08/14/2000.12:45:00 |
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Transview gets nod for mainboard IPO Shares of first golf specialist to go public here will be attractively priced By Ven Sreenivasan SPECIALIST golf equipment distributor Transview Holdings has got the go-ahead for a mainboard initial public offering, making it the first golf specialist to go public in Singapore. "We are not a sports company distributing homogeneous products. We will concentrate on remaining a distributor of high-end, high-performance products which enjoy a niche market." -- Tan Ching Khoon, Transview founder and chairman -------------------------------------------------------------------------------- Transview founder and chairman Tan Ching Khoon told BT that the 10 cents par value shares would be attractively priced. The IPO is expected to be launched in a few weeks' time, with Overseas Union Bank as the underwriter and lead manager. "They will be offered below the industry price-earnings ratio of 12 times," he said. "The primary purpose of listing is to raise our profile. Of course, listing will also help fuel our regional expansion into golf-related leisure businesses." Transview, which was established in 1984 and has 13 outlets in the region, is regarded as a niche player in a somewhat crowded business. However, the company has managed to maintain profit margins of between 10 and 17 per cent by focusing on high-end brands such as S-Yard, ENA, Maruman and Ryobi clubs. Its profit margins have also been cushioned by the fact that none of its Japanese brands are available via the Internet or freely available from other retailers. According to Mr Tan, the company has been consistently profitable during the past decade, while turnover has also remained stable. For the year ended October 1999, Transview raked in $3.5 million in pre-tax earnings on a turnover of $25 million. And Mr Tan remains confident about the company's future growth. "We don't want to be everything to everyone," he said. "We are not a sports company distributing homogeneous products. We will concentrate on remaining a distributor of high-end, high-performance products which enjoy a niche market." Indeed, the company's patrons list reads like a list of "who's who" in the region. According to Mr Tan, the company hit it big in 1990 when it secured the sole distributorship for INA clubs, which are made of advanced composite materials developed by the Japan's Crane golf. "It was just crazy," said Mr Tan. "We had long queues of people who paid deposits to book their clubs. This was the turning point for Transview." That success was repeated four years later when Transview clinched the sole distributorship for the renown S-Yard clubs. "The enthusiasm for S-Yard is something which was unprecedented in the industry," recalled Mr Tan. "People were leaving deposits with us for the driver and fairway woods, and were willing to wait weeks for delivery. In fact, this continued until as late as last year." The S-Yard drivers are tagged at $1,500 each, while a full set of clubs costs about $10,000. It was a similar story when the company clinched the Maruman clubs franchise in 1996, and again in 1988 when it introduced its Ryobi driving irons. Like the business, Mr Tan himself has come a long way. "I started in advertising at a very young age and received some training in Chicago," he revealed. "I started up AdGrand when I returned." AdGrand Advertising Pte Ltd is now Singapore's largest independent advertising agency, which is also a member of the Denver, Colorado-based Icom Global Network. Besides Transview and AdGrand, Mr Tan also has interests in several global telecommunications and energy corporations. He also holds significant stakes in several Nasdaq-listed companies. But it is still the golf equipment business which excites this 15-handicapper most. "We are the first golf specialist to seek a listing in Singapore," he grinned. "But our focus goes beyond Singapore. We are driven by our brands, and our products meet the needs of a specific segment of the market which demands the best equipment money can buy. The people who buy our products seek self-actualisation." Adios :) |
| (Post 2 of 161) 08/28/2000.09:57:00 |
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Official launch later today, comprises 43 million shares at 22.5 Singapore cents each. |
| (Post 3 of 161) 08/28/2000.12:11:00 |
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Transview Holdings launches IPO of 43 mln shares at 0.225 sgd/shr Source : AFX SINGAPORE 11:33 28/08/2000 SINGAPORE (AFX-ASIA) - Transview Holdings Ltd said it has launched an initial public offering of 43 mln new shares at 0.225 sgd each. Of the total IPO, 5.0 mln shares will be sold to retail investors, while the placement portion consists of 33.7 mln shares, and the reserve tranche 4. 3 mln shares. The IPO will close on Sept 4, with the mainboard listing scheduled on September 6. Overseas Union Bank Ltd acted as the lead manager and underwriter of the exercise. Of the 8.6 mln sgd net proceeds, 1.8 mln will be used to repay bank loans, 3.2 mln for business expansion and the rest for working capital, it said. Transview is a distributor and retailer of golf equipment in Southeast Asia and Hong Kong. In the year to October 1999, Transview booked a net profit of 2.532 mln sgd on sales of 24.685 mln, while in the previous year, net profit reached 1. 061 mln on sales of 18.16 mln. The IPO price is equivalent to a price-earnings multiple of 9.0 times the company's 1999 results. In the first half to April this year, net profit totalled 1.389 mln sgd on sales of 11.93 mln. |
| (Post 4 of 161) 08/28/2000.18:20:00 |
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Hmmm..this company is weird..Im not too keen! |
| (Post 5 of 161) 08/28/2000.18:26:00 |
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But is it worth a stag? Since the price is so cheap?? Please advise!!! Have been losing since started buying IPOs recently, eg Easycall, Cytech -- all drops!!!! So this time will go in only when real sincere and precious advises are given by SI gurus! Thks! |
| (Post 6 of 161) 08/28/2000.20:11:00 |
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Will only make money in boom times. First thing to be cut back during recession - golfing clubs and golf country clubs. How many sets can a person buy ? How long each set be used for ? Lifetime guarantee ? |
| (Post 7 of 161) 08/29/2000.02:12:00 |
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Transview sees better performance in H2 compared to H1 SINGAPORE (AFX-ASIA) - Transview Holdings Ltd executive chairman Tan Ching Khoon said he expects the company's second half performance to be better than the first half. "We are very optimistic. On the back of the strong economic recovery and the increasing popularity of golf, we expect the second half to be better," he said. In the first half to April, Transview achieved a net profit of 1.389 mln sgd on sales of 11.93 mln compared to 0.439 mln sgd on sales of 10.339 mln in the previous half year. Tan added that besides retailing golf equipment, the company has also entered the business of managing and operating golf driving ranges. Transview recently secured a contract to manage the golf driving range at the Singapore Island Country Club. Tan declined to comment on the financial details of the contract. The company is also aiming to expand its retail operations into China, Myanmar, the Philippines, India and Pakistan over the next two years, Tan said. |
| (Post 8 of 161) 08/29/2000.11:35:00 |
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hello Nina You are not a golfer for sure.. Golf clubs is like any stocks..good when its booming , bad when recession.. So any business is also sensitive to recession. Whats wrong with a company having good result going IPO. I am a true golfer, and I believe transview has the right approach in selling golf equipments and running golf driving range. There will be more and more golfers in Singapore and S.E.A .. as more would like to become like TIGER WOOD. Leisure will become an important part of Singaporeans lifestyle as we become more affluent. So buy Transview..got genuine profit and they have good franchise . |
| (Post 9 of 161) 08/29/2000.11:50:00 |
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Nina, You are right on only one area. If a golfer buys a club and don't use it. The club will be there forever. What Tkguru said also true, many golfers very 'hiau' like to show off. So they will change their clubs like changing underwears. In the meantime, Transview will be laughing all the way to the bank if all golfers like Tkguru. Ciao ciao   |
| (Post 10 of 161) 08/29/2000.21:07:00 |
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Wah! Tguru, You big time golf player, uh! What you say is the profit margin on the clubs? You also big time in stock market also, can give tips or not? Why not you also sell your club and but this counter big time? But I think you have shares no enough. Sorry huh, Kay poh kay poh and test test market only. Happy happy I go 'tikam-tikam' on this one. |
| (Post 11 of 161) 08/30/2000.00:13:00 |
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Transview – Birdie Play by K S WONG Friday, 25/08/2000 3:35:43 PM -------------------------------------------------------------------------------- Luxury Goods Distributor Transview is a luxury goods distributor, not just another golf equipment supermarket or sporting goods company. The company struck the right strategy by selling top end Japanese brands such as S Yard, ENA, Royobi, Maruman, etc, which are well received by Asian players. The strong branding of the products has attracted affluent consumers, who are willing to pay premiums for these goods. Fast Growing Game in Asia and the World Transview will benefit from the increasing popularity of golf in Asia, even among women and children. The fast recovering East Asian economies will help boost sales further. Transview currently boasts of 13 outlets in Singapore, Hong Kong and Malaysia (50% owned). It also has franchises in Indonesia and Thailand. The proceeds from IPO will be used to expand the existing business. Parallel Importers? There is also little fear that parallel importers would erode the lucrative margins (18% at pretax level). The principals of Transview would strike off any of its distributors who try to parallel export their products to any parts of the world. They track by the serial number associated with every single item being sold. As such, these dealers stick to their confined territories for fear of losing their lucrative distributorships. Stock Priced Attractively The issue price of $0.225 per share translates to an FY99 historic PER of 12.8x (fully diluted). With the group’s earnings expected to grow in excess of 15% annually, Transview looks "par for the course". HINT : look at the margin and shareholders list |
| (Post 12 of 161) 08/30/2000.10:00:00 |
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Hello kkylp I been playing golf over 10years and at that time not many people play golf. Now wah lau.. even the hawker in the wet market also play golf I just hope to get some from my broker lah..maybe 20lots I am happy.. I dont think i need to sell my club just to buy Transview..afterall transview is cheap lah.. 100lots only 20+K ..peanuts for alot of people also Anyway I like this stock ..genuine business, no bluff bluff like EWOS. |
| (Post 13 of 161) 08/30/2000.10:10:00 |
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Heard grey already done at 25-26c.Look at the poeople in their shareholders not to mention its earnings track record |
| (Post 14 of 161) 08/30/2000.22:02:00 |
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Candle, So, how many lots u applied and got? Haven't heard from you for quite a while....on holiday, isit? HaHa. |
| (Post 15 of 161) 08/30/2000.22:17:00 |
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Jimzephyr, I applied for 400 lots. Nowadays I am too busy in my work to post. Allocation ratio is around 50-60% in most houses. Adios :) |
| (Post 16 of 161) 08/31/2000.16:17:00 |
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Dear Candle, I found that Transview is not attractive. It s no point to get so much in IPO. Expect trading around 15-22 cents on first trading days..so if wait for a little while , can buy at a cheaper price. Any comment |
| (Post 17 of 161) 08/31/2000.16:54:00 |
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Any idea whether to subscribe? Not too sure on this IPO!! Though cheap - but GOLF??? Hmm - seems hard to believe that it would do well on trading day! - but again - the market sentiment now is weird and crazy - anything whether gold or rojak counters can prove Stock Gurus wrong!! Will decide at a later stage - see the market trend further now!!  |
| (Post 18 of 161) 09/01/2000.17:41:00 |
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lovelyboy I agree with you, nowadays the market is not moving. IPO may move a little and goes down even lower than the initial offered price. But I believe that golf do make moneys. |
| (Post 19 of 161) 09/02/2000.20:05:00 |
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'the people who buy our clubs seek self-actualisation'...said the MD mr tan. so that sums up everything neh? buy the ipo if you are seeking 'self-actualisation' in the apex of maslow's hierachy (ie, got $$$ to burn). no vested ipo interest..will try stagging |
| (Post 20 of 161) 09/02/2000.20:23:00 |
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AVOID/STAG unless you are the MD's golfing khakis...hehee |
| (Post 21 of 161) 09/03/2000.22:46:00 |
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If U have the chance to stag it then do it; otherwise U might lose a little for applying its IPO shares. No offence I hope to those who had applied for it. Why??? Look at our stocks that work on retails, none of them attracts our attention. Eu Yan San & eWOS, where are they now??? But if there is any upward movement on the debut day, it sure to be done by them or their kakees. "PAN WEST" might be a better choice if there is any IPO available. I mean company culture and the humble boss, AH JOO!!! |
| (Post 22 of 161) 09/04/2000.22:28:00 |
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Desmond, I don't understand what is stag and apply atm and lose little. Please elaborate more. Does it mean don't buy this counter? Ciao ciao |
| (Post 23 of 161) 09/05/2000.07:56:00 |
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good day For those who wish to go short on opening I wish them luck. For those who wants to buy below the IPO.. think its going to be difficult. Many people do not know the power of golf that has generated so much revenue around the world. Its going to be a big time revenue in long run for golf courses,clubs etc.. This issue is different from EWOS. This issue is different from the other retail outlets.. Once you get into the bug of golf... you will realise the amount of revenue generated. I believe this counter will see 25cts at opening and low around 22cts.. and will trade higher in coming weeks. |
| (Post 24 of 161) 09/05/2000.15:53:00 |
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| (Post 25 of 161) 09/05/2000.22:02:00 |
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'hor say, liao. da-pat' 3 lots. I think if cannot own golf club or play golf maybe keep this for 'hou liang and tee tah'. Many moons ago, UK roll royce also go IPO, I also kept. Now the share certificates frame up at home already uh! Like 'gu cheah leng' show everybody. Must 'hou liang' cannot own RR can own RR company. Smart or not. When people ask what car I drive I always say I own RR. hehehe! Must 'tee tah' abit lah! So now you know uh. I also own golf clubs, uh. Happy happy |
| (Post 26 of 161) 09/06/2000.00:06:00 |
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I think the highest it will open tommorrow is its IPO price. Understandably, golf does bring in revenue. However, the present market sentiment towards retailing is rather poor. Look at EYS and OSIM. OSIM boosts fairly good fundamentals but still it is trading at around $0.40 agst its IPO of $0.52. Besides, the low oversubscription rate does not speaks well for Transview. |
| (Post 27 of 161) 09/06/2000.00:37:00 |
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Transview IPO retail tranche 4.5 times subscribed SINGAPORE (AFX-ASIA) - Transview Holdings said the retail tranche of its initial public offering has been 4.5 times subscribed. Transview, a retailer of golf equipment, sold 43.0 mln new shares at 0. 225 sgd each via the IPO, which comprised a retail tranche of 5.0 mln shares and 38 mln placement and reserved shares. The shares will start trading tomorrow. |
| (Post 28 of 161) 09/06/2000.00:37:00 |
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Emmu, To "Stag" is to apply for IPO, then sell at the first opportunity - basically what all punters do. Have fun. |
| (Post 29 of 161) 09/06/2000.01:02:00 |
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DJ Singapore's Transview IPO Retail 4.5 Times Subscribed SINGAPORE (Dow Jones)--Transview's initial public offering of 5 million shares to retail investors is 4.5 times subscribed, lead manager Overseas Union Bank Ltd. (P.OUB) said Tuesday. The company is offering 43 million shares at S$0.225 each (US$1=S$1.7267) comprising 5 million retail shares, 33.7 million placement shares and 4.3 million shares reserved for directors, management, employees and business associates. The IPO represents 30% of the company's enlarged capital of 143.4 million shares. The offer price represents a multiple of 9 times based on the historical net earnings per share of 2.5 cents for the year ending Oct. 31, 1999. Trading on the main board of the Singapore Exchange is expected to begin Wednesday. -By Janet Ong; 65-421-4803; janet.ong@dowjones.com -0- 05/09/00 08-43G Copyright (c) 2000, Dow Jones & Company Inc |
| (Post 30 of 161) 09/06/2000.09:06:00 |
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Hi folks, this IPO is a no go as its a low growth retail stock. IMO this stag will put you in the negative and the best thing to do is cut your position, take the loss now and conserve your cash. Upside is limited or nil. |
| (Post 31 of 161) 09/06/2000.11:54:00 |
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Kkylp, Wah!, you are 'sway', dapat 3lots only go underwater. You have chang aik(bath) or not. Next time hor dont't apply. Dapat already said want to frame and so tee ta, sure mati lah!. Many ni (yrs) ago, I also tee ta and how lian. Tell people my house fridge is Pan Electric Brand, also tell people P El share good good, now also at home my wallpaper all Pan El scripts. My friends friends laugh at me, they say wallpaper "buay giea" (not beautiful), no pictures of 'BB' poster of ang moh cha bo. I tell them I pay >$300K, they "kong hi" me and I 'buay wood, buay cheah and buay kia' that's why now happy happy has viagra. You better listen to old man me, don't talk talk to frame shares, it will become "koe tong". |
| (Post 32 of 161) 09/06/2000.15:01:00 |
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I think those who short at $0.20 are panic now...price won't drop,today afternoon shorts cover will push it to 25 cents. Don't cover lagi worst....sure get burnt next week. |
| (Post 33 of 161) 09/07/2000.00:48:00 |
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STOCKWATCH: Transview lower vs IPO price on weak outlook, eWorld controversy SINGAPORE (AFX-ASIA) - Transview Holdings Ltd shares were lower than their IPO price of 0.225 sgd on listing on perceptions that the retail stock has limited growth potential, and partly in the wake of the controversy over the eWorld of Sports.com IPO, dealers said. Transview, a golf equipment retailer, offered 43.0 mln new shares at 0. 225 sgd each. The 5.0-mln-share retail tranche was 4.5 times subscribed. At 11:23 am, Transview was trading at 0.205 sgd, after reaching a low of 0.195, on volume of 8.68 mln shares. The Straits Times index was down 9.38 points at 2,168.09. "The retail sector is usually not very exciting with its limited potential for growth. There might also be some impact from the eWorld of Sports issue," an analyst with a local brokerage said. The Commercial Affairs Department is currently investigating whether UOB Asia, which handled eWorld of Sports IPO, is criminally liable for allegedly providing misleading subscription information to the public. eWorld of Sports was up 0.005 at 0.210, sharply below its IPO price of 0. 42, on volume of 10,000 shares. The same analyst added that 0.175 sgd may be a fair price for Transview, equivalent to a price-earnings ratio of 7.0 times its 1999 results. This year, he said the company's net profit is expected to grow to 3.0 mln sgd from 2.532 mln last year, with sales rising to 28.0 mln sgd from 24. 685 mln. A second analyst said she does not expect the stock to rebound soon after its weak debut. The company's net profit will likely reach 3.4 mln sgd this year on sales of 28.5 mln, she said. Among other retail stocks, Courts Singapore was untraded, while Robinsons and Co was down 0.10 at 5.10 on 30,000 shares. |
| (Post 34 of 161) 09/07/2000.01:39:00 |
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DJ MARKET TALK/SG/KL: Transview Makes Weak Debut [Dow Jones] SINGAPORE NEW LISTING: Golf equipment retailer Transview (T19) makes weak stockmarket debut, affected by relatively poor overall market sentiment, dealers say. Shares now down 11.1% at 20 Singapore cents; IPO price 22.5 cents. Market's view is that given small retail tranche of 5 million shares, issue should have been more heavily subscribed.(AXH) |
| (Post 35 of 161) 09/07/2000.11:48:00 |
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kkylp, where are you. So fast you "chao lou" with your Transview, your Inchem not bad lah. You klkk with the golf stick? It is bad to throw it away. |
| (Post 36 of 161) 09/07/2000.12:04:00 |
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Viagra, Please lah, pass some of you to transview leh. See whether can 'tong' or not. 'Chiak lat' slready, 'kopi lui' also gone. Inchem miss it lah. Klkk at HLP, nothing interesting leh, maybe like IPOs over supply lah! For the benefit of those non dialect speaking (the GenY), I will try to managed good England OK. Ahbeng, you not really beng because all Ahbeng speaks hokkien. Happy happy |
| (Post 37 of 161) 09/07/2000.12:28:00 |
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Hi Kkylp, How come hor, you only tell people you dapat this and dapat that. You hor, very rich eh, maybe richer than Noranora's uncle. Only buy and frame up share certificate, Why?. You no sell share one eh! I'm a Teochew old man, are you a Teochew old man or a siao leng kei. If you are a siao leng kei, you must not tee ta too much, otherwise people might think that Noranora's uncle is your relative. tua pao queen and king. Her uncle wanted to push up Cytech by buying millions of Cytech shares but everytime she said her uncle wanted to buy, the share starts to fall like no body business. I kena a big one by her boasting. Me long long time no believe her already. You nay? |
| (Post 38 of 161) 09/07/2000.12:29:00 |
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kkylp, admin is reasonable this time. tell you what the problem is. simply deleting is not nice. so you and better go for English tuition. do you know any good tutor around ? must be cheap, fresh and TLN. understand. this morning missed breakfast. must eat 2 plates charkwayteow with eggs plus fishballs to compensate. bye |
| (Post 39 of 161) 09/07/2000.17:20:00 |
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kkylp, You 'ho say liau'. Your Transview see daylight now, closed at 22.5 cts. |
| (Post 40 of 161) 09/07/2000.18:59:00 |
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Reminder again folks that this is an English forum and greatly appreciate it if forumers can reduce the amount of dialects (which fellow forumers dun understand anyway) Please also do not stray from the discussion topic. Tks. |
| (Post 41 of 161) 09/07/2000.19:39:00 |
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After got burnt by Cytech, I sold all my Transview lots today.  |
| (Post 42 of 161) 09/07/2000.22:39:00 |
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Viagra, I wish I were Nora2's uncle. But unfortunately I am not. Buy this n buy that, no problem. Just 1,2,3,4 or 5 lots only. Money always no enough. If counter submarine than try to 'tong'but if got profit than take lah. Thank you maybe tomorrow can go have nice breakfast with 'double yorks' eggs. Oklah, I was looking for English lesson many moons already. Foreign talents one. Conditions more stingent than yours. Must be SPTL or 'big head lights'. Wah difficult to find leh. I will give you a shout if I manage one. Happy happy |
| (Post 43 of 161) 09/10/2000.20:13:17 |
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I prefer to be 'siao liang kay'.
Give a clue. Where were you when I was trading with EF Hutton, Johnson Matthey (aka JM), Philips Brothers (aka PhiBro), J Aaron and the likes. Perhaps you know the reason why I kkylp now. BTW, Oklah n Waga2 can you tell me the story on 'Char Pang Huia'. Tried HLP getting a little bit stereo now. Ciao ciao |
| (Post 44 of 161) 10/04/2000.21:44:22 |
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i think transview is a co managed by a shrewd and service-oriented management. in terms of the product, they have a wide range to serve the different profiles of golfers ie the experience/handicap level. moreover, the co is undertaking the management of 2 driving ranges in s'pore with other branches in asia. the co has also a policy of servicing customers well. the industry itself is well supported by the growing of asian economy thus, having more people taking up golf.
although just listed in the SE, its quite a dominant player vis-a-vis to its competitors posting impressive profitability in the last 5 yrs. i bet after, the oil crisis n the announcement of its interim results, the price would rebound n most certainly head on a upward trend. |
| (Post 45 of 161) 01/17/2001.23:39:42 |
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PRESS RELEASE - TRANSVIEW'S PRE-TAX NET PROFIT ROSE 12%
SINGAPORE 17 January 2001 - Mainboard listed Transview Holdings Limited ("Transview" or "the Group") today announced its full year results for the financial year ended 31 October 2000. The Group posted a profit before tax of $3.93 million representing a 12% increase over that of the previous year. Turnover for the year saw a marginal increase of about 2% rising from $24.7 million to $25.1 million over the last 12 months. The higher profitability of the Group is attributable to the higher margins derived from new products launched during the year. The turnover of the Group was higher from the retail business but affected by the softer wholesale markets in Malaysia and Thailand Commenting on the performance of the Group, Mr. Tan Ching Khoon, its Chairman says, "We are pleased to deliver a good set of results to our shareholders for our first full year of operation following our initial public listing ("IPO"). Golf is not only becoming a healthy lifestyle for many professionals and businessmen; it is also growing in importance as an alternative form of entertainment for the corporate and business world. Looking ahead, we are confident that golf will continue to be a popular game in this part of the world. Furthermore, as the game becomes more affordable, demand from the mass market will help boost the business for the Group." The Board of Directors of Transview has recommended the payment of a maiden First and Final dividend of 6% (or 0.6 cents per share) less tax for the financial year ended 31 October 2000. To commemorate the listing of Transview and in appreciation of the support from shareholders, the Board has also recommended the payment of a special dividend of 2% (or 0.2 cents per share) less tax for the financial year ended 31 October 2000. The dividend will be subject to the approval of shareholders at the forthcoming Annual General Meeting. The funds received from Transview's IPO in September 2000 were utilised to repay existing bank loans. In December 2000, the Group had fully repaid its borrowings and currently it does not have any term loans in its books. On the business front, the Group is constantly on the look out for new business opportunities that will help increase its shareholders' value. "Transview will continue to evaluate new businesses that will help increase shareholders' value. While there are many opportunities in the market today, we have taken a very cautious approach towards investing in new businesses. For any new investments that we may undertake, we have to ensure that three basic criteria are met. These are, the business must fulfill a niche market need, the business risk must be manageable and the return on investment should be acceptable. Notwithstanding our plans for future expansions and diversifications, our existing activity as a retailer and distributor of golf equipment will remain top priority as the Group's core business." Says Mr Tan Ching Khoon. About Transview Holdings Limited Transview Holdings Limited is the holding company of Transview Golf Pte Ltd, a wholly-owned subsidiary, whose primary business is the retail and distribution of golfing equipment and related products. The other subsidiaries include Nippon Golf Pte Ltd, Singapore and Tee To Green (H.K.) Ltd., Hong Kong and an associate company in Malaysia, Transview Golf Sdn Bhd. Submitted by Tan Ching Koon, Director on 17/01/2001 |
| (Post 46 of 161) 01/18/2001.00:00:40 |
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Transview yr to Oct net profit 2.809 mln sgd vs 2.532 mln
Source : AFX SINGAPORE 17:58 17/01/2001 SINGAPORE (AFX-ASIA) - Transview Holdings Ltd year to October results: Net profit - 2.809 mln sgd vs 2.532 mln Sales - 25.147 mln sgd vs 24.685 mln EPS - 2.61 cents vs 2.52 Final div - 0.6 cents vs nil Special div - 0.2 cents vs nil In a statement, Transview said the special dividend will be subject to shareholder approval in the forthcoming annual meeting. It said proceeds from the IPO held in September last year were used to fully repay bank loans. Transview added it is constantly on the lookout for new business opportunities that will help increase its shareholders' value. Transview was untraded. It was last traded at 0.165 sgd. |
| (Post 47 of 161) 01/18/2001.16:16:01 |
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Research reproduced with permission from DMG
Still A Par · Turnover rose 2% with higher contribution from the retail business (up 6% yoy) offset by the fall in wholesale business in Malaysia and Thailand (down 6% yoy) . The retail segment made up 39% of sales and 64% of PBIT FY00 with the remaining amount attributable to the wholesale business. Singapore is the largest market for the Group at 53% of turnover and 50% of PBIT with Hong Kong, Thailand, Indonesia and Malaysia among the major markets. · The retail and wholesale market is fragmented with many players. Margin will be squeezed as competition in the retail and wholesale markets intensified. We believe that this has been factored into the price. Maintain HOLD. · Downward trending indicators suggest further trend weakness for the stock. · MACD : negative, downward trending · RSI : 9.58%, downward trending · Price Resistance : S$0.18 · Price Support : S$0.15 |
| (Post 48 of 161) 02/15/2001.22:39:54 |
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AWARD OF TENDER TO OPERATE AND MANAGE A GOLF & COUNTRY CLUB
AT 23 FOLKSTONE ROAD The Board of Directors of Transview Holdings Limited ("the Company") is pleased to announce that the Company has been awarded the tender to operate and manage a golf and country club ("the Country Club") situated at 23 Folkstone Road, Singapore 139599 (the former premise of Warren Golf & Country Club) by the Singapore Sports Council at a monthly licence fee of $158,000 and a monthly pledge of $20,000 towards a youth golfing programme ( total of $178,000 per month). The management of the Country Club is for one (1) year commencing from 1 March 2001 with an option to renew for a further two (2) years. The management of the Country Club will be handled by a new wholly-owned subsidiary to be known as Transview Golf & Country Club Pte Ltd (details of the new subsidiary will be announced at a later date). The transaction is expected to have a positive impact on the results of the Group for the current financial year. Submitted by Tan Ching Koon, Director on 15/02/2001 |
| (Post 49 of 161) 02/15/2001.22:51:30 |
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Transview wins 1-yr contract to manage Singapore golf, country club
Source : AFX SINGAPORE 20:28 15/02/2001 SINGAPORE (AFX-ASIA) - Transview Holdings Ltd said it obtained a contract to operate and manage a golf and country club for one year from March 1. It will receive 178,000 sgd per month in license fees and pledges. The contract, which can be renewed for a further two years, will have a positve impact on the company's results for the current financial year, it said. |
| (Post 50 of 161) 03/23/2001.19:44:57 |
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ESTABLISHMENT OF A NEW SUBSIDIARY
- TRANSVIEW GOLF & COUNTRY CLUB PTE LTD The Board of Directors of Transview Holdings Limited ("the Company") wishes to announce the establishment of a new subsidiary by the name of Transview Golf & Country Club Pte Ltd ("TGCC"). TGCC (formerly known as Quotidian Pte Ltd) has an authorised and issued and paid-up capital of $1,000,000 respectively. It is wholly-owned by the Company. Its main business activity is the operation and management of a golf and country club situated at 23 Folkstone Road, Singapore 139599 (the former premise of Warren Golf & Country Club). The investment in TGCC is funded internally. The contribution from TGCC is expected to have a positive impact on the results of the Group for the current financial year. Submitted by Tan Ching Khoon, Director on 23/03/2001 |
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