Annual Report 2019

ANNUAL REPORT 2019 25 MANAGING DIRECTOR’S REPORT In conclusion, our strategic direction remains unchanged. Our core strategy is to seek sustainable growth through the pursuit of “Asian Wallet”. We aim to become a leader in providing overseas property investment, hospitality and entertainment services to the Asian’s middle class segment. We target to achieve our goal through the following initiatives: – Deepen regional diversification through strengthening our local execution team – Focus on cities with strong population or tourism growth potential – Extract synergies from recent investments in the casino gaming business – Pursue our “Asian Wallet” strategy to capitalize on the growing affluence of the middle class segment in Asia – Adopt a prudent financial management policy and optimize capital structure through active capital reallocation with the aim to drive higher return on equity I am optimistic about the Group’s future and I very much look forward to the next phase of growth for the Group. Cheong Thard HOONG Managing Director