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FCL has been featured in this week's Edge. The following is the summary:

Development Prop:

Singapore - looking to further shortened turnaround time for launch of sites secured. Aiming to rightly priced new launches than to make buyers of earlier phases feel betrayed by lowering prices if response is not good. Land costs in Singapore averages 60 - 80% of total development costs, hence turnaround time is crucial than landbanking which is an expensive and risky strategy. FCL has reduced the time from securing land to launch from 12 months to 8 months and is aiming to further reduce to 6 months. Remaining unlaunched site is North Point site but need to get temporary bus terminal up before any launch can proceed. Expected launch price - $1100/1200psf (quite a challenge IMO)

China - waiting for shoe to drop and FCL is well positioned given that they have reduced their exposure over last few years. China developments required clearances from various levels of government.

Australia - still good and main obstacles for development are not from government authorities but from green groups and neighbourhood concerns (aka human rights issue)

UK - focusing away from Central London and looking at south of River Thames and outskirts of London. Cited a pre-selling of entire block @ Vauxhall before development commenced.

REITs and pipeline:

FCT - after Changi City Point, they are aiming to develop North Point 3 (600000sf net lettable) that will eventually be injected to FCT

FCOT - Alexandra Point might be injected to FCOT while grade A office building @ Cecil Street also meant for FCOT in the future.

FHT - mgt feels that 22% holdings of FHT post listing sufficient as FCL controls 100% of the REIT manager.

Others - Centrepoint redevelopment not imminent as aiming to redevelop with Starhub Centre but unable to get enbloc at 44 units of Centrepoint Residence going.

Analysts viewed eventual placement by TCC/Inter-Bev post 9 Jul 14 positively.

For all the details, grab your Edge this week.

Vested
GG
I know this is not VB style. But i would still want to remind holders of fcl to take profit when ur valuation has reached. Remember a profit is only true when its in ur pocket.

Going to shop at causeway point later ^^
(16-05-2014, 11:57 AM)jianjian Wrote: [ -> ]I know this is not VB style. But i would still want to remind holders of fcl to take profit when ur valuation has reached. Remember a profit is only true when its in ur pocket.

Going to shop at causeway point later ^^

i took profits a few minutes ago at 1.87, exited completed. Although there may be unlocking of value by the listing of the hospitality reits, it seems to me the price is kind of high. Then again, i am usually too conservative
(16-05-2014, 12:06 PM)money Wrote: [ -> ]
(16-05-2014, 11:57 AM)jianjian Wrote: [ -> ]I know this is not VB style. But i would still want to remind holders of fcl to take profit when ur valuation has reached. Remember a profit is only true when its in ur pocket.

Going to shop at causeway point later ^^

i took profits a few minutes ago at 1.87, exited completed. Although there may be unlocking of value by the listing of the hospitality reits, it seems to me the price is kind of high. Then again, i am usually too conservative

Dont worry, market is always there. We milk the cow liao need to move on to next cow. Cannot be keep milking it. Will die one.

Money is only real when u cash out. Otherwise it is subjected to the "pricing" power of market individual.
(16-05-2014, 12:10 PM)jianjian Wrote: [ -> ]
(16-05-2014, 12:06 PM)money Wrote: [ -> ]
(16-05-2014, 11:57 AM)jianjian Wrote: [ -> ]I know this is not VB style. But i would still want to remind holders of fcl to take profit when ur valuation has reached. Remember a profit is only true when its in ur pocket.

Going to shop at causeway point later ^^

i took profits a few minutes ago at 1.87, exited completed. Although there may be unlocking of value by the listing of the hospitality reits, it seems to me the price is kind of high. Then again, i am usually too conservative

Dont worry, market is always there. We milk the cow liao need to move on to next cow. Cannot be keep milking it. Will die one.

Money is only real when u cash out. Otherwise it is subjected to the "pricing" power of market individual.

I think now is only half episode, exit now will miss the finale...Sit tight and enjoy the thai movie...I hate ppl moving ard in the cinema...Cool
Price hits all-time high again, congratulate to all who vested. Frankly I am very tempted to exit also but the problem is that I can't find something else to invest, so better just keep in the portfolio and see how the stories being unfold.
(16-05-2014, 12:06 PM)money Wrote: [ -> ]
(16-05-2014, 11:57 AM)jianjian Wrote: [ -> ]I know this is not VB style. But i would still want to remind holders of fcl to take profit when ur valuation has reached. Remember a profit is only true when its in ur pocket.

Going to shop at causeway point later ^^

i took profits a few minutes ago at 1.87, exited completed. Although there may be unlocking of value by the listing of the hospitality reits, it seems to me the price is kind of high. Then again, i am usually too conservative
Mind sharing what price you bought, what sort of return you targetted?
(16-05-2014, 02:06 PM)MINX Wrote: [ -> ]
(16-05-2014, 12:06 PM)money Wrote: [ -> ]
(16-05-2014, 11:57 AM)jianjian Wrote: [ -> ]I know this is not VB style. But i would still want to remind holders of fcl to take profit when ur valuation has reached. Remember a profit is only true when its in ur pocket.

Going to shop at causeway point later ^^

i took profits a few minutes ago at 1.87, exited completed. Although there may be unlocking of value by the listing of the hospitality reits, it seems to me the price is kind of high. Then again, i am usually too conservative
Mind sharing what price you bought, what sort of return you targetted?

When chaoren finishes his move.
Or too much spot light on it.
Causing it to become too "popular"

1.560 . I haven cash out yet. Only a few lot.

To be honest i have completely no idea when to cash out. My initial was to sell at 1.80 for some kopi $. Now it seems unstoppable. Hard to pull the trigger.

I guess thats what kills. I"ve fallen in love with this stock . Nth seems to compel me to sell it now.

I agree this is like a movie, many parts and we ate
Only halfway there.
Capland up offer ln cma to a final price of 2.35. Fcl is the next biggest mkt cap developer with multi platform after cma. Fcl is also non index due to lack of free float. Think some fundies have preempted the move by hedging into fcl b4 eventual placement post 9 jul 14 moratorium expiry...

Vested
GG
Hi GG, u mean fcl with enuff free float, is big enuff to become part of STI index?

Anyone got the market cap of the last few ranking company interms of market cap , of STI index?

Hmm . Like premier league, whos gonna releagate and who gonna replace.

Edit : olam, sia engin, comfort are the last few ranking in sti index.

Reserve list : acendas reit, kepp land, uol, capital commer, yzj ship.