February 16th, 2022 | 11:28 CET
Steinhoff, TUI, Hong Lai Huat: Top News!
The Ukraine crisis, inflation and rising interest rates currently have the capital markets firmly in their grip. But even in these uncertain times, companies surprise positively, and there are exciting investment opportunities. For example, the shares of TUI and Steinhoff were up on Tuesday. News-driven gains. At Steinhoff, an important deadline for creditors expires in May. After two years of the pandemic, the desire to travel for Germans is greater than ever. The tourism group TUI benefits from this, and Lufthansa will continue to fly to Mallorca with the Boeing 747. The exciting real estate company Hong Lai Huat offers investors an interesting opportunity tomorrow, February 17.
time to read: 3 minutes
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Author:
Fabian Lorenz
ISIN:
STEINHOFF INT.HLDG.EO-_50 | NL0011375019 , TUI AG NA O.N. | DE000TUAG000 , HONG LAI HUAT GROUP LIMITED | SG1EE1000009
Table of contents:
Author
Fabian Lorenz
For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.
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Hong Lai Huat: The boss speaks on February 17
After years of real estate boom in Germany and numerous other industrialized countries, more and more signs of fatigue are setting in. It is worth looking beyond the end of one's nose because the potential in other regions continues to be great. This applies, for example, to emerging regions in Asia. Hong Lai Huat offers access to these exciting real estate markets. The real estate company has been listed on the Singapore Exchange (SGX) mainboard since 1988 and is also listed on the Frankfurt Stock Exchange. The Company has a track record of successfully completed projects - including in Singapore. There, Hong Lai Huat has developed and implemented public and private residential complexes as well as commercial and industrial buildings in recent years.
Currently, the Company is focusing on the emerging Kingdom of Cambodia. The Group also has experience there. The mixed-use real estate project D'Seaview with 737 residential units and 67 commercial units was implemented in the port city of Sihanoukville in 2015. Currently under construction in the capital Phnom Penh is the mixed-use project Royal Platinum. It is in a prime location, only about 20 minutes from the airport, and includes 851 residential and 50 commercial units. Recently, Hong Lai Huat announced that 10 of 28 floors of the Royal Platinum project have been built. Marketing is also proceeding successfully, with around 90% of the units already sold to international investors. Due to the high demand, Hong Lai Huat will realize two more mixed-use projects in Cambodia. The total development value here is expected to be USD 400 million. The relevant land has already been acquired, and sales of the units are expected to start shortly.
Therefore, the current market capitalization of around EUR 32 million seems anything but expensive. Interested investors will have the opportunity to get an impression of the management tomorrow: During the 2nd International Investment Forum (IIF), Dylan Ong, Group General Manager and Executive Director, will present the Company. Participation in the virtual event is free of charge. Registration is possible at www.ii-forum.com.
Steinhoff: Global claims possible until May
Steinhoff is making progress in its turnaround. As the ailing retailer announced on Tuesday, the settlement in the largest legal dispute, which the courts decided at the end of January, has now come into effect. Steinhoff will begin taking steps to implement the global settlement. Accordingly, the deadline by which aggrieved parties can file claims against Steinhoff is May 15, 2022. In addition to the claim form, additional information relating to the global settlement can be viewed at www.SteinhoffSettlement.com. The Group is thus making further progress in dealing with the accounting scandal smoldering since the end of 2017. Operationally, Steinhoff appears to be doing well. Most recently, Steinhoff subsidiary Pepkor Holding reported a small acquisition in Brazil. In the largest country in Latin America, the retailer Avenida was acquired. A concrete purchase price was not mentioned. The transaction represents less than 4% of Pepkor's market capitalization, the Company said. Despite these successes, the Steinhoff share remains a gambler's stock.
TUI: The travel desire is great
The TUI share was friendly on Tuesday. It went up in the morning by more than 4%. The tourism group, severely hit by the Corona pandemic, benefits from the strong desire to travel and the catch-up effects. Germany boss Stefan Baumer told "Bild am Sonntag" that the "longing for sun and sea" is currently also stimulating short-term demand for the Mediterranean. TUI is now offering all of its thousand partner hotels in Majorca for booking again. Greece is also currently in high demand. "While we had around 2.8 million guests on the Aegean islands across the Group before the pandemic, we expect over three million holidaymakers this year." Overall, TUI expects strong booking figures for the coming vacation season. The positive outlook is matched by comments from Lufthansa executive Harry Hohmeister. He told Bild am Sonntag that the Group was currently seeing a "strong increase in demand for vacation flights for Easter, Whitsun and also for the summer." He said the desire to travel is great, and there is an "enormous pent-up demand after two years of pandemic." The crane airline also plans to fly to Mallorca again with Boeing 747s.
Political and macroeconomic developments are currently determining share prices. But companies like TUI and Steinhoff can make news-driven gains. This can also happen at Hong Lai Huat if the boss is convincing at tomorrow's investor conference.
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