Base on CES's October 2014 Investor Presentation:
CES Oct 2014 Investor Presention (go to sept tab)
Slide 8 - Revenue contribution form the Group’s first 442-room hotel at Alexandra Road (currently under construction) expected in 2015 when it commences operation
Slide 13 - Alexandra TOP 4Q2014
(27-10-2014, 05:19 PM)Curiousparty Wrote: [ -> ]those who live near construction site at Alex mall should really go down and take a good look. Then u will better understand whether it is still possible for the mall to TOP in Dec 2014. Better still, take a peek into the Alex mall...
Let's wait for formal announcement from company probably in its Q3 results which should provide some guidance on Alex mall and hotel . If mall is delayed , then hotel would likely be delayed too .
It stated Alexandra Central 4Q2014,, is that refer to the Mall, but the Park Hotel Alexandra TOP is 2015. I think so. TOP for the mall should not be a problem.
If in doubt, it is best to just stay with CES management announcement.
If they did not announce anything new, we take it that the original TOP date remains.
tks.
3Q2014 results will be announce in November 2014.
If one is so anxious to know the development progress, he/she can write to CES's IR for reply. Don't need to guess.
Vested. LT investment.
Carlton Project
Did anyone make an estimation of how much profits can be made from the 1000 apartments plus 2254 SQM of retail space?
The prelim estimate might be probably in the order of $0.15 (SGD).
What is required for TOP of Alex mall?
Shop physical structure is ready? Working escalator, lifts, tilting, air conditioning for Mall?
Certification by BCA
Can all the minimum requirements for TOP be settled in the next 2 months or so?
Any construction expert here to comment pls?
(23-10-2014, 05:57 PM)yewkim Wrote: [ -> ]I bought more of chipES and Lian Beng during this sell down. I think rate increase will be gradual and will not affect these 2 good counters till rate go to 2.5% assumming that FED increase 0.25% in every FOMC. I think that will be in 2017 before property will be hit, and that will be the time when our govt may remove the cooling measure. I beg your forgiveness, if there is wrong info here. What i post is what i have read elsewhere, it is not my own assumption. Thanks
Correct me if I am wrong. With the news of the very likely rates hike, market would have "priced in" this factor. Unless there are unforeseen fed actions, the stock price may correct itself again.
Also, the rates are not likely to have an immediate hit on the financials of the company, until it raises new debt finance or that cost of existing debts are based on floating rates and are subsequently adjusted higher due to higher rates.
On the cooling measures, I concur. Fact is, the measures are blunt and almost like using a sledgehammer to smack an ant. One of peers (into property investment) was saying its an economic cycle that we are going through. These measures are not forever and would gradually have to be reversed, for the reason you mentioned. I would tend to view it as a switch which the government can off at an appropriate time, which would be interesting to know. 2017 or whichever year it is, it may not be long. CES has large number of units unsold at the Fulcrum. And, there are many other developers facing this issue I believe. There is a lot at stake. Excessive measures placed over excessive periods would hurt the economy more than speculators. Elections are also coming. I suppose our MIW has to thread carefully on the property issues.
My preferred way of confirming this is always to.... talk to the property agent themselves. They know the ground better or even best, at least with regards to market sentiment and demand for property.
How badly would CES bleed from the unsold units at Fulcrum? Let's talk about facts and figures.
Will the EPS loss be in the order of 10 cents ? 20 cents ?
