KLSE (MYR): SHANG (5517)
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Last Price
2.03
Today's Change
0.00 (0.00%)
Day's Change
2.01 - 2.03
Trading Volume
472,700
Ann. Date | Date | Type | Name | Title | View |
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Watch this movie too before you press the buy button…
https://m.imdb.com/title/tt28076784/
2023-12-19 11:01
Sorry, this is considered copyright infringement. Please go and support the original content in order to respect the efforts and hardships of the producers and actors. Cheers!
2023-12-27 14:54
Icic. Why only Myanmar hotel is under Shang malaysia but not other oversea Shangrila hotels ?
2023-12-28 20:46
The question is not all shang related hotel in malaysia under shang malaysia as well.... trader hotel not under shang malaysia if not mistaken...
zoizai
Icic. Why only Myanmar hotel is under Shang malaysia but not other oversea Shangrila hotels ?
2 months ago
No share price support. Most likely drop until super undervalue below NTA. Then follow by privatisation or absorb by Shang Asia LTD
2 months ago
I am no longer holding Shangri-La. cutloss at $2.48. it was a pain cutloss but manage to recover the lost from another stock.
For your information, people are worry that Q4 to have impairment lost due to asset devaluation on their Myammar business. And one of their big investor,ABRDN resume selling.
If you are still holding, just continue holding, no point to panic sell now.
2 months ago
@EDwarrior
agree.
i guess it will rebound @ 1.80
will start collect around there..
Cheers
2 months ago
On Valentine's Day, I took a trading buy position to buy SHANG at 2.03. Didn't expect it to take off so quickly to close at 2.16. For whatever reason, SHANG is still downtrending, so I won't chase. The only question is should I sell at rally attempts.
My trading position is typically 10-30 times smaller than my dividend investing position, so, I really don't care about the outcome of this trade - no point making a couple hundred bucks. The price action the past 6-7 months seem to indicate more than 50%-55% chance that last month fall is a fake breakdown, typically indicating that we may have seen the bottom. But the trend is unmistakeably downtrending i.e. it's really a coin toss whether this is the bottom or not.
As my trading position is small, I'm going to wait and let market tells me if it's going to make a new low or this is the bottom. A part of me hopes that this rally is a fake one, it makes a new low allowing me to turn my small trading position into an investing position for the next 12-36 months.
I like the SHANG brand name. No exposures to hotels yet. Can be a good diversification to finally own an investing position to utilize 2%-3% of my investing capital.
1 month ago
Fabien _the efficient capital allocator
Aberdeen ceased as substantial shareholders. That's good news.
Fundamentally, the worse is over. Their associate in Myanmar book value is about 200mil after years of impairment. Their land in Penang are all valued at decades old valuation. For example, the undeveloped land at Rasa Ria carried at only 21 sen psf. If revalued at 100psf, there are huge revaluation surplus. With the ongoing property boom in Penang, those undeveloped land is a gold mine, including 8 acre plot in prime area of Batu Ferringhi (book value recorded at RM27 psf).
Shang's fame lies it its strong brand luxury hotels and management. Shang KL (662 room, 5 star hotel) with book value per room of only RM288K. This is absurdly low figure compared to other luxury hotels which sold at RM1million per room.
The Penang hotels even more cheap. Rasa Sayang book value per room is RM315k, Golden Sands at only RM123k. Just take the book rate per night as benchmark and work out the market valuation for these hotels.
Shang is deeply undervalued, prime candidate for privatization. Trading at massive discount to its RNAV.
Their occupancy rates have been improving gradually ranging from 61% to 82%. With Q4 holiday season, expect the hotels to do very well. You can check google review to get a sense of their hotel bookings.
1 month ago
Fabien _the efficient capital allocator
At current price, the case of Shang assets (5 hotels and landbanks) are seriously undervalued even taking into account the worst scenario of full write down of its Myanmar associate.
1 month ago
Good operating profit. very strong operating cash inflow that’s why the company can declare 7 sen per share dividend
4 weeks ago
impairment loss is non cash item. How many has noticed that Shang has positive operating cash flow of RM111 million for last quarter alone? That's why Shang can afford to pay dividend back.
4 weeks ago
Profit will lie, cash flow wont lie. Tourism industry is the best time to invest now
3 weeks ago
Recent buyer is very strong but seller is crazy . Definetly a friendly related party . As Robert Kuok always say when opportunity strikes . I am sure recent sell off is a good opportunity for his related party to buy cheaply . We will see from here and time is the essence
3 weeks ago
Alex this remind me of Jerneh Insurance taken privatised by Kuok Family few years back. Anyway, with the strong cash flow generating by Shang group couple with the fact that influx of foreign tourist to Malaysia, Shang will be my top bet for 2024
2 weeks ago
happyfish4ver
Just ask yourself:-
(1) Do you have confidence in the management team of Robert Kuok and Shangrila 's brand name?
(2) Is Travel Industry a booming sector now?
(3) Would Shang hotel be able to generate positive operating cash flow with the increase in occupancy rate?
(4) A good company must not only have good profit but also good operating cash in flow. Is Shang fulfilled this requirement in the latest quarter report?
2 weeks ago
Someone is keeping the pace under control . Weak need to go . The strong holder will make some good money . Time is the essence
2 weeks ago
Shangri-La Asia reverses previous losses with FY2023 earnings of US$184.1 mil
https://theedgemalaysia.com/node/705675
3 days ago
James_Bond
Watch the movie “no more bets” first before you press the buy button!
2023-12-19 10:57