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what people might forget is that Junction 9 and 9 residence EPS when added up is approximately equal to the Alex mall ~ 20 cents.

not sure if Junction 9/9 residence can TOP in 2015 Smile

If so, 2015 would be yet another bumper year with both the Hotel (NAV gain ~ 25 to 30 cents) and Junction9/9 residence (NAV ~ 20 cents) TOPing Smile
Misfortunate seemed to hit CES one after the other...

1. Departure of CEO and ED Chairman
2. TM Dispute
What do you make of this??
Raymond only step down as Executive Deputy Chairman.
He is still holding CEO and Executive director position.

Am I right?

Ceasation of ED Chairman



(23-12-2014, 07:34 PM)Curiousparty Wrote: [ -> ]Misfortunate seemed to hit CES one after the other...

1. Departure of CEO and ED Chairman
2. TM Dispute
No, read the news carefully. He is stepping down from all his appointments, as ED, ED Chairman, and Group CEO.

(23-12-2014, 08:34 PM)Ray168 Wrote: [ -> ]Raymond only step down as Executive Deputy Chairman.
He is still holding CEO and Executive director position.

Am I right?

Ceasation of ED Chairman



(23-12-2014, 07:34 PM)Curiousparty Wrote: [ -> ]Misfortunate seemed to hit CES one after the other...

1. Departure of CEO and ED Chairman
2. TM Dispute
anyone happens to know the reason behind it?
Fundamentally though, there isn't too many negatives from it right? Alexandra central, park hotel will still open, and for Tower Melbourne, continue to wait for updates
Thanks for the clarification.



(23-12-2014, 09:03 PM)Teletubby Wrote: [ -> ]No, read the news carefully. He is stepping down from all his appointments, as ED, ED Chairman, and Group CEO.

(23-12-2014, 08:34 PM)Ray168 Wrote: [ -> ]Raymond only step down as Executive Deputy Chairman.
He is still holding CEO and Executive director position.

Am I right?

Ceasation of ED Chairman



(23-12-2014, 07:34 PM)Curiousparty Wrote: [ -> ]Misfortunate seemed to hit CES one after the other...

1. Departure of CEO and ED Chairman
2. TM Dispute
jjlim84 Wrote:anyone happens to know the reason behind it? Fundamentally though, there isn't too many negatives from it right? Alexandra central, park hotel will still open, and for Tower Melbourne, continue to wait for updates


This morning, CES has already dropped from 87 cents to 85 cents.
Might fall below 80 cents on all these aggregated concerns over the next few weeks.....
(departure of CEO, TM dispute, Malacca deal called off, etc)

While the market seems to have priced in the bumper eps from alex mall , not sure if market has fully priced in the resignation of CEO who has really done a lot for CES in this few years ...
I am surprise that it dropped only 2 cents (2.3%) with the CEO resignation.

It seems like Mr. market think that there is no severe negative impact. CES consistent share buy back has somewhat send the 'signal' to market that the company is 'under value'.
CEO sick? Or delisting coming soon? did CFO change recently?

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