Latest news with #ShangriLa
The Guardian
9 hours ago
- Entertainment
- The Guardian
Welcome to the Ministry of Happiness! Glastonbury kicks off for 2025
Each year there are tweaks and adjustments to the tried and tested Glastonbury formula, and this year the eccentric Shangri-La area has had a makeover. On Thursday afternoon David Levene took a stroll around the revamped area – see more pictures here in our gallery. The thoroughfare through the revamped Shangri-La. Photograph: David Levene Late on Thursday night we happened upon a secret set at Floating Points' new Sunflower Sound System in the Silver Hayes dance area – a special back-to-back performance by Four Tet (Kieran Hebden) and Floating Points (Samuel Shepherd) himself. They played a set on a painstakingly built sound system which had been assembled in a special tent with mycelium-based sound-baffling discs and tweeters hung from the top of the tent. The system has six stacks arranged around the dancefloor in a circle, enabling the selectors to pan sound around the tent. Kieran Hebden, AKA Four Tet, plays with Samuel Shepherd AKA Floating Points, perform together at Sunflower Sound System. Photos by David Levene Thursday evening, with no open performance stages in action, has evolved into a bit of a party night as festivalgoers ease into the proceedings. Over in Silver Hayes, crowds packed out the Lonely Hearts Club, for Nooriyah's set around midnight. Festivalgoers at Lonely Hearts Club for Nooriyah's set on Thursday evening. On Friday, the first day proper, we kicked things off with a Guardian Live talk between features writer Zoe Williams and drag queen Bimini at Astrolabe. Drag queen Bimini during an interview with Zoe Williams at Astrolabe fora Guardian Live event. Photograph: Jonny Weeks. Love was in the air as the festival kicked off for Guardian photographer David Levene: he snapped newlyweds Charlie and Charles in the south east corner by the Rum Shack. Charlie and Charles Shires, from Harrogate, held their wedding ceremony at the festival. In the words of our reviewer Safi Bugel: 'In many ways Ca7riel and Paco Amoroso's music is perfect for the chronically online: they rap knowingly about hashtags and OnlyFans; their hook-heavy tracks rarely push beyond the three-minute mark. But despite the in-jokes and commitment to the bit, the music is strong; they deliver a tight, confident performance for the full hour, which frequently climaxes in their frenetic percussive breakdowns. And when the music drops and the audience join in for a full-blown a capella, you know they're bona fide popstars.' Fans watching Ca7riel and Paco Amoroso at West Holts stage. Ca7riel and Paco Amoroso at West Holts stage. Photographs: Jonny Weeks Lola Young played Woodsies, and Jonny Weeks was there to capture the young British artist's assured performance – who shot to fame with her viral track Messy, and who has had a rocky year thanks to a sometimes scabrous public. Lola Young at Woodsies. Photograph: Jonny Weeks Later into the evening on the big stages we saw Busta Rhymes on the Other stage, Self Esteem up at the Park stage and the 1975 closed the first day's programme on the Pyramid stage. Self Esteem plays the Park stage at Glastonbury. The Guardian's Elle Hunt was at Self Esteem: 'Many in the crowd know every word – and these are very wordy songs – and really seem to get something out of shouting them to the sky. It's stirring, serious-minded yet still upbeat.' Busta Rhymes with Spliff Star on Other stage. Reviewer Jason Okundaye called Busta Rhymes's show 'absolutely hilarious, and the interaction with the crowd is gold standard'. Anohni and the Johnsons plays the Park stage. And closing the Pyramid was the 1975: 'A bold, experimental, occasionally confounding, but ultimately hugely impressive performance,' said the Guardian's Alexis Petridis. Matty Healy of the 1975 on the Pyramid stage at Glastonbury on Friday evening. Matty Healy with a pint of Guinness. Photographs: Jonny Weeks
The Guardian
10 hours ago
- Entertainment
- The Guardian
Welcome to the Ministry of Happiness! Glastonbury kicks off for 2025
Each year there are tweaks and adjustments to the tried and tested Glastonbury formula, and this year the eccentric Shangri-La area has had a makeover. On Thursday afternoon David Levene took a stroll around the revamped area – see more pictures here in our gallery. The thoroughfare through the revamped Shangri-La. Photograph: David Levene Late on Thursday night we happened upon a secret set at Floating Points' new Sunflower Sound System in the Silver Hayes dance area – a special back-to-back performance by Four Tet (Kieran Hebden) and Floating Points (Samuel Shepherd) himself. They played a set on a painstakingly built sound system which had been assembled in a special tent with mycelium-based sound-baffling discs and tweeters hung from the top of the tent. The system has six stacks arranged around the dancefloor in a circle, enabling the selectors to pan sound around the tent. Kieran Hebden, AKA Four Tet, plays with Samuel Shepherd AKA Floating Points, perform together at Sunflower Sound System. Photos by David Levene Thursday evening, with no open performance stages in action, has evolved into a bit of a party night as festivalgoers ease into the proceedings. Over in Silver Hayes, crowds packed out the Lonely Hearts Club, for Nooriyah's set around midnight. Festivalgoers at Lonely Hearts Club for Nooriyah's set on Thursday evening. On Friday, the first day proper, we kicked things off with a Guardian Live talk between features writer Zoe Williams and drag queen Bimini at Astrolabe. Drag queen Bimini during an interview with Zoe Williams at Astrolabe fora Guardian Live event. Photograph: Jonny Weeks. Love was in the air as the festival kicked off for Guardian photographer David Levene: he snapped newlyweds Charlie and Charles in the south east corner by the Rum Shack. Charlie and Charles Shires, from Harrogate, held their wedding ceremony at the festival. In the words of our reviewer Safi Bugel: 'In many ways Ca7riel and Paco Amoroso's music is perfect for the chronically online: they rap knowingly about hashtags and OnlyFans; their hook-heavy tracks rarely push beyond the three-minute mark. But despite the in-jokes and commitment to the bit, the music is strong; they deliver a tight, confident performance for the full hour, which frequently climaxes in their frenetic percussive breakdowns. And when the music drops and the audience join in for a full-blown a capella, you know they're bona fide popstars.' Fans watching Ca7riel and Paco Amoroso at West Holts stage. Ca7riel and Paco Amoroso at West Holts stage. Photographs: Jonny Weeks Lola Young played Woodsies, and Jonny Weeks was there to capture the young British artist's assured performance – who shot to fame with her viral track Messy, and who has had a rocky year thanks to a sometimes scabrous public. Lola Young at Woodsies. Photograph: Jonny Weeks Later into the evening on the big stages we saw Busta Rhymes on the Other stage, Self Esteem up at the Park stage and the 1975 closed the first day's programme on the Pyramid stage. Self Esteem plays the Park stage at Glastonbury. The Guardian's Elle Hunt was at Self Esteem: 'Many in the crowd know every word – and these are very wordy songs – and really seem to get something out of shouting them to the sky. It's stirring, serious-minded yet still upbeat.' Busta Rhymes with Spliff Star on Other stage. Reviewer Jason Okundaye called Busta Rhymes's show 'absolutely hilarious, and the interaction with the crowd is gold standard'. Anohni and the Johnsons plays the Park stage. And closing the Pyramid was the 1975: 'A bold, experimental, occasionally confounding, but ultimately hugely impressive performance,' said the Guardian's Alexis Petridis. Matty Healy of the 1975 on the Pyramid stage at Glastonbury on Friday evening. Matty Healy with a pint of Guinness. Photographs: Jonny Weeks
The Guardian
a day ago
- Entertainment
- The Guardian
‘Telly-shrubbies', morris dancers and living graffiti: Glastonbury's Shangri-La gets a revamp
Tucked away in the south east corner of the Glastonbury festival site, Shangri-La has been long known for its mixture of hedonism and political satire. But this year the area has received a striking eco-conscious update Photograph: David Levene/The Guardian For Shangri-La's new theme, The Wilding, the area's billboards savaging late-era capitalism have been replaced by greener, more sustainable decoration Photograph: David Levene/The Guardian A 'Telly-shrubby' prepares for a performance in the revamped Shangri-La Photograph: David Levene/The Guardian One of Shangri-La's hidden areas, Sonic Bloom is an oasis away from the noise of the festival site that allows you to listen to music created by the natural world Photograph: David Levene/The Guardian Performers and revellers take part in a daily immersive procession throughout the festival site, led by a renegade Morris dancing side (or group) Photograph: David Levene/The Guardian A 40-year memorial to the Battle of the Beanfield, when 1,300 police officers prevented a convoy of new age travellers from attending the Stonehenge Free Festival. Dozens of travellers were injured in the incident Photograph: David Levene/The Guardian Political slogans accompany plant life in the revamped Shangri-La Photograph: David Levene/The Guardian Giant 'living canvasses' will have an AV show projected on to them as part of the programme Photograph: David Levene/The Guardian This allotment, tended by the Anarchist Gardeners Club collective, is one of 12 on site in Shangri-La Photograph: David Levene/The Guardian Performers on the daily Wilding procession Photograph: David Levene/The Guardian One of the artworks at Shangri-La, a living piece of graffiti by textile artist India Rafiqi. Photograph: David Levene/The Guardian A reveller struts his stuff during the daily procession at Shangri-La on Thursday Photograph: David Levene/The Guardian
Yahoo
19-06-2025
- Business
- Yahoo
A Look At The Intrinsic Value Of Shangri-La Hotels (Malaysia) Berhad (KLSE:SHANG)
Shangri-La Hotels (Malaysia) Berhad's estimated fair value is RM2.05 based on 2 Stage Free Cash Flow to Equity Current share price of RM1.66 suggests Shangri-La Hotels (Malaysia) Berhad is potentially trading close to its fair value Shangri-La Hotels (Malaysia) Berhad's peers seem to be trading at a lower discount to fair value based onthe industry average of 9.5% Does the June share price for Shangri-La Hotels (Malaysia) Berhad (KLSE:SHANG) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (MYR, Millions) RM79.8m RM78.1m RM77.7m RM78.3m RM79.6m RM81.3m RM83.5m RM86.0m RM88.7m RM91.6m Growth Rate Estimate Source Est @ -4.74% Est @ -2.22% Est @ -0.46% Est @ 0.77% Est @ 1.63% Est @ 2.23% Est @ 2.65% Est @ 2.95% Est @ 3.16% Est @ 3.30% Present Value (MYR, Millions) Discounted @ 11% RM71.7 RM63.1 RM56.4 RM51.1 RM46.7 RM42.9 RM39.6 RM36.6 RM34.0 RM31.5 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM474m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (3.6%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 11%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = RM92m× (1 + 3.6%) ÷ (11%– 3.6%) = RM1.2b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM1.2b÷ ( 1 + 11%)10= RM429m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is RM903m. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of RM1.7, the company appears about fair value at a 19% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Shangri-La Hotels (Malaysia) Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 1.284. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Shangri-La Hotels (Malaysia) Berhad Strength Earnings growth over the past year exceeded the industry. Debt is not viewed as a risk. Dividend is in the top 25% of dividend payers in the market. Weakness No major weaknesses identified for SHANG. Opportunity Current share price is below our estimate of fair value. Lack of analyst coverage makes it difficult to determine SHANG's earnings prospects. Threat Dividends are not covered by earnings. Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Shangri-La Hotels (Malaysia) Berhad, we've compiled three important elements you should look at: Risks: For instance, we've identified 1 warning sign for Shangri-La Hotels (Malaysia) Berhad that you should be aware of. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! Other Environmentally-Friendly Companies: Concerned about the environment and think consumers will buy eco-friendly products more and more? Browse through our interactive list of companies that are thinking about a greener future to discover some stocks you may not have thought of! PS. Simply Wall St updates its DCF calculation for every Malaysian stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times of Oman
18-06-2025
- Times of Oman
From cliffs to coastline: A getaway to remember
Muscat: IN the relentless summer heat of Oman, where the sun hangs heavy and the landscape bakes in shades of ochre, discovering comfort — let alone joy — can feel like wishful thinking. And yet, tucked between Muscat's rugged cliffs and the calm, shimmering waters of the Gulf of Oman, there lies a place that delivers exactly that: Al Waha Hotel, the family-friendly heart of Shangri-La Barr Al Jissah Resort & Spa. Having heard glowing tales from local families who make it their go-to weekend retreat, I finally found myself there on a particularly sweltering June weekend. What I discovered was not just a hotel stay — it was a cool, immersive experience that softened the summer and wrapped me in a kind of barefoot luxury I hadn't realised I needed. The arrival: Where the mountains meet the sea The drive into the resort is dramatic in itself — winding along the rugged coastline and the stark desert cliffs. One of the most striking moments comes just before you reach Al Waha: an architectural marvel in the form of a tunnel carved directly through the mountain. This one-of-its-kind passageway, seamlessly blending natural rock with modern engineering, frames your entrance like a hidden gateway to an oasis. Emerging from the tunnel, the resort reveals itself in full splendor — its warm sand-coloured buildings. Stepping into the lobby, I was greeted with that faint, comforting scent of frankincense in the air — a subtle but unmistakable reminder that this was still Oman, even as the resort transported you elsewhere. I was booked for an all-inclusive stay that is the latest offering from Al Waha (OMR110++ per room per night). The gold package had my breakfast, lunch & dinner taken care of – along with unlimited house beverages. The hotel manager informed me that the package could be upgraded to premium (OMR 20 net per person) or jubilee package – in celebration of the hotel's 20th year anniversary at OMR 30 net per person. A family paradise in motion Al Waha has an unmistakable energy. It is, unabashedly, a family hotel — and proud of it. Everywhere you look, children are at play, whether darting between poolside loungers or lazily floating in colourful tubes down the Lazy River, the gentle stream that links Al Waha to its sister property, Al Bandar. The three swimming pools are perpetually lively — one dedicated to toddlers, another perfect for family games, and a quieter one for more peaceful lounging. Yet, even amid the splashes and squeals of delighted kids, there's a sense of order, care, and calm. Lifeguards are ever-present and cheerful. And parents — blissfully relieved of planning and policing — lounge with books, iced drinks, and wide smiles. One afternoon, floating down the Lazy River with the sun dappling through palms overhead, I struck up a chat with a local couple who've made Al Waha their family's second home. 'We've been coming here since our eldest was in diapers,' the mother told me. 'Now he's diving into the deep end on his own. It's more than a hotel — it's where our memories are.' That sentiment echoed throughout my stay. This wasn't just a resort. It was a summer rhythm — full of laughter, ease, and the kind of light-hearted living we often forget in the rush of everyday life. Food for every craving A place like this knows how to feed its guests — not just with variety, but with soul. At Samba, the resort's all-day dining restaurant, breakfast quickly became a ritual. I would wander slowly past stations offering everything from fluffy pancakes to spiced Middle Eastern stews to Indian Dosas. Chef Ravinder Singh and Moorthy went the extra way to accommodate my dietary requests in close coordination with restaurant manager Dev Khatwani. One morning, I paused at the live egg station and watched as the chef gently cracked eggs and mixed vegetables for my masala omelette. The croissants were golden, buttery, and — crucially — never stale. I'd promise myself I wouldn't touch the sweets, then surrender at the sight of date-filled pastries, paired perfectly with strong Arabic coffee and Umm Ali during my dinner. For something breezier, Surf Café became my midday haunt. With sand still clinging to my feet, I'd sink into a beach-facing chair and order a mango smoothie or a club sandwich. Families streamed in post-swim, teens debated milkshake flavours, and the whole place had the relaxed vibe of a surfer shack with five-star service. At Assira, the poolside restaurant, just as the day turned golden, I enjoyed a lime-and-mint cooler in hand and enjoyed the view of the sea sitting beneath a canopy of stars, while the last echoes of the day's energy faded into the evening breeze. Small luxuries, lasting impressions What sets Al Waha apart isn't just its location or amenities — it's the unspoken ease of the experience. There's thoughtfulness in every detail: towels always available, shaded walkways to protect from the sun, smiling staff who remembered my name — and even how I liked my coffee by the second morning. Checking out of Al Waha was, surprisingly, the hardest part of the trip. I hadn't expected to feel such a deep sense of rejuvenation — not just physically, but emotionally. In two days, the chaos of deadlines, heat, and city life had melted away, replaced by the sound of kids' laughter, the feel of cool water, and the lingering taste of mint and citrus on my tongue. Al Waha doesn't try to be everything. It simply knows what it is — a sanctuary for families, a haven for summer, and a place where joy feels easy again. In a country known for its landscapes and warmth, this resort offers something rarer: a sense of belonging, wrapped in comfort and sunshine.
