Banyan Tree Holdings

Banyan Tree kept at 'accumulate' amid continued weakness in Thailand

SINGAPORE (May 28): Phillip Securities Research is keeping its “accumulate” call on Banyan Tree Holdings (BTH) with an unchanged target price of 76 cents, despite 1Q19 results that came in under expectations.

The target price translates to FY19e price to net asset value (P/NAV) of 0.7 times, and represents a total return of close to 45%.

“Revenue and PATMI [were] below our expectations due to under-forecasted one-offs and continued weakness in Thailand,” says analyst Tara Wong.

Banyan Tree's 1Q earnings decline fourfold on lower revenue, absence of one-off gains

SINGAPORE (May 16): Banyan Tree Holdings reported a 74% decline in 1Q19 earnings to $5.2 million from $20.2 million on the back of lower revenue, as well as the absence of one-off gains from the dilution of the group’s interest in its China entities.

Revenue fell 17% to $81.2 million from $98.2 million in 1Q18, mainly attributable to lower contributions from the Hotel Investments segment in the absence of revenue from Banyan Tree Seychelles, which was sold in Nov 2018, as well as from Banyan Tree Phuket due to ongoing renovations.

Banyan Tree kept at 'accumulate' by Phillip on higher property sales, contract wins

SINGAPORE (Mar 11): Banyan Tree on Feb 27 announced that its 4Q18 earnings have increased by 44% y-o-y to $5.63 million, while revenue increased by 4% y-o-y to $92.8 million.

Other income surged 171% to $24.3 million and share of results of associates saw a significant increase to $12.3 million compared to $0.86 million last year.

For FY18, earnings were 4% up from the previous year at $13.5 million, with revenue also increasing by 4% to $329.0 million.

The group has proposed a final dividend of 1.05 cent per share.

Banyan Tree rakes in 241 awards in 2018, to continue expansion with focus on sustainability

SINGAPORE (Jan 28): Resort developer Banyan Tree Holdings says it has earned a total of 241 awards across 30 destinations globally in 2018.

Main image: Banyan Tree Yangshuo, which is among Travel+Leisure China Awards 2018 China's Top 100 Hotels

In a press release in January, the group highlights its corporate strategy of highlighting and infusing “the uniqueness of the locale through design and build, guests’ and associates’ experiences to sustainability impacts” with its development concepts and properties.

Banyan Tree expands global footprints with 26 hotel signings

SINGAPORE (Dec 18): Banyan Tree Group is continuing its global expansion with the successful signing of 26 hotel agreements for its four brands in 2018.

The 26 hotels include five Banyan Tree, 10 Angsana, two Cassia and nine Dhawa hotels and resorts, encompassing 17 projects in China and the rest in Oceania, ASEAN, and Europe. The group targets to have the hotels operational over the next three years.

These hotels are on top of the group’s current 48 hotels in operation as at end-2018 and seven new hotels slated to open in 2019.

Banyan Tree sees 1Q earnings soar to $20.2 mil on one-off gain

SINGAPORE (May 14): Banyan Tree Holdings saw its earnings surge to $20.2 million for the 1Q ended March, from $1.2 million a year ago.

This was mainly due to the one-off gain of $16.1 million from the dilution of the group’s interest in Banyan Tree Assets (China) Holdings (BTAC) from 50% to 22.8%.

1Q18 revenue rose 9% to $98.2 million, from $90.4 million a year ago.

Banyan Tree 4Q earnings halved to $3.9 mil on higher expenses

SINGAPORE (Feb 27): Banyan Tree Holdings reported earnings of $3.9 million for the quarter ended Dec 2017, down by more than half of the $8.5 million posted in the same period a year ago on higher expenses.

Revenue for the quarter grew 9% to $88.9 million due to higher revenue from the group’s property sales segment on the back of higher recognition from Laguna Park townhomes/villas, along with the completion of Cassia Phuket Phase 2 condominiums over 4Q.

Banyan Tree to acquire remaining stake in Laguna Resorts & Hotels for THB 40 a share

SINGAPORE (Feb 26): Banyan Tree Holdings is acquiring the remaining 34.25% stake it does not own in subsidiary, Laguna Resorts & Hotels (LRH).

Banyan Tree says the acquisition will enable to group to increase its economic interest in LRH. The offer also provides an opportunity to realise their investment in LRH.

The acquisition will be made via a voluntary tender offer for LRH shares by Banyan Tree and its subsidiary, Banyan Tree Resorts & Spas (Thailand) Company Limited.

Banyan Tree takes asset-light path to profitability

SINGAPORE (Oct 13): Palm trees, soft white sand on endless beaches and blue seas on the west coast of Phuket conjure up images of the Banyan Tree brand and its luxury spas and mouthwatering Thai cuisine.

But don’t let the peace and tranquility fool you. The past three years have been difficult, however, with Banyan Tree notching up losses.

Banyan Tree to open very first eco-friendly resort in Mandai in 2023

SINGAPORE (Oct 11): Singapore will see its first ever eco-friendly resort in Mandai by 2023.

The resort will be owned by Mandai Park Holdings (MPH) and operated by Banyan Tree.

In a joint press statement issued today, the partners say that this will be the first time visitors to the integrated nature and wildlife attractions in Mandai will have the opportunity to stay over in a full-service accommodation.

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