Banyan Tree Holdings

See what the analysts have to say this week.

Thanks to the reopening, Banyan Tree is seeing some improvement in its FY2022.

Banyan Tree’s independent director De Meyer has increased his stake in the resorts operator

The company plans to double its footprint by 2025 with 43 new openings planned over the next three years

The shares given by Neo to his employees are worth around $890,000.

The Ngs now hold a total of 43.5 million Banyan Tree shares, equivalent to 5.12%.

“We have taken the opportunity to lay the foundations of a more agile, resilient and responsive organisation,” says Ho Kwon Ping.

Banyan Tree has not declared a dividend for 1H2020 – similar to 1H2019.

Eddy See, Banyan Tree president and group managing director, says the group has prepared for the Covid-19 outbreak with the same prudent cash-preservation measures used during other global crises such as SARS in 2003 and the different financial crises.