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Dipping below $0.50. What is the story ?
This counter seems to slow down liao......
AMARA SANCTUARY RESORT SENTOSA will enjoy COMPLETE SPILL OVER when RESORTS WORLD SENTOSA OPENS.
AMARA HOTEL at TANJONG PAGAR will enjoy COMPLETE SPILL OVER when LAS VEGAS BAYSANDS RESORTS OPENS.
By 2010, AMARA will SHOT THROUGH S$1.08.
FATT! FATT! FATT! FATT! FATT! FATT! FATT! FATT!
DON'T MISS THE SHOT!!!!!!!!
DBS Vickers - Amara Holdings (AMA SP): Growing from strength to strength Buy S$0.73; Price Target: S$ 1.01 (Prev S$ 0.98)
Amara results came in above expectations.
Strong 3Q07 results. Amara?s net profit came in strongly at S$4.3m from $0.1m in previous quarter, on the back of a 2.8x increase in sales to S$44.6m. This is largely attributable to higher room rates attained in the current quarter and revenues from property sales. The company turned in an EPS of S$0.75 in 3Q07.
Rise in other operating expenses by 35%. Administrative expenses rose 28% from S$4.2m to S$6.0m due to the commencement of Sanctuary?s operations.
Encouraging performance from Sanctuary. Sanctuary?s performance has been encouraging till date and it provides impetus for higher earnings moving forward.
Good, that means the stock will be back in the radar of buyers eager to ride on the hotel industry......
Amara Holdings Limited, a homegrown integrated lifestyle group, reported a surge in profit after tax to S$6.9 million for the nine months ended September 30, 2007, from S$0.3 million for the corresponding period in 2006. The increase in profit was driven by a 70.2% increase in revenue to S$91.6 million from S$53.8 million in 9MFY06.