Banyan Tree Holdings

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.

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.

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.

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.

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

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.

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.