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Good news in what sense? Didnt see any contract awardex to ces.

if jalan kayu is to be revamped into sth like holland v, might be an attraction point for high park residences

selling point for High Park Residence at Fernvale...


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(19-06-2015, 10:29 AM)jjlim84 Wrote: [ -> ]if jalan kayu is to be revamped into sth like holland v, might be an attraction point for high park residences

is the revamp confirmed? and if confirmed how long will the revamp take?

Would CES be paying a lot of fines for high park not selling out by then?

(16-06-2015, 08:32 PM)Curiousparty Wrote: [ -> ]Baseline of 4 cents dividend at least secured for next 2 years. >5% yield at current price level. Has value emerged after the 21% drop from the recent high of 98 cents to today's 77.5 cents??

EPS forecast for FY2015
1. Nine Residence and Junction 9 = ~ 12 cents
2. Construction Income = ~ 4 cents
3. Fulcrum = ~ 2 cents
4. Investment properties = ~ 0 cents ( assuming hotel operation would drag down EPS as it takes a few years before rooms can be filled up)
Total EPS = ~ 18 cents
Hotel Revaluation Gain = ~ 25 cents (conservative)

NAV at the end of FY2015 = $1.20 - $0.06 cents (dividend) + $0.25 (hotel revaluation gain) + $0.18 cents = $1.57.

Current share price = $0.775 or 51% discount to year end NAV!!!! (as of 16 June 2015)

Sounds like the current price is pretty much fair market value now. ~50% discount to NAV for mod-high gearing property developers sounds about right for now.

Without a catalyst like sale of TM site or recommencement of work there, price will probably just trade sideaways or trend down slowly as volume and interest start to fade.

(19-06-2015, 01:06 PM)BlueKelah Wrote: [ -> ]

(19-06-2015, 10:29 AM)jjlim84 Wrote: [ -> ]if jalan kayu is to be revamped into sth like holland v, might be an attraction point for high park residences

is the revamp confirmed? and if confirmed how long will the revamp take?

Would CES be paying a lot of fines for high park not selling out by then?

not sure when it will take place, but is mentioned in the master plan

https://www.ura.gov.sg/uol/master-plan/V...ast-region

but so far I think publicity for high park residences are quite okay, have heard few friends in my circle aiming for units there

(19-06-2015, 01:08 PM)BlueKelah Wrote: [ -> ]

(16-06-2015, 08:32 PM)Curiousparty Wrote: [ -> ]Baseline of 4 cents dividend at least secured for next 2 years. >5% yield at current price level. Has value emerged after the 21% drop from the recent high of 98 cents to today's 77.5 cents??

EPS forecast for FY2015
1. Nine Residence and Junction 9 = ~ 12 cents
2. Construction Income = ~ 4 cents
3. Fulcrum = ~ 2 cents
4. Investment properties = ~ 0 cents ( assuming hotel operation would drag down EPS as it takes a few years before rooms can be filled up)
Total EPS = ~ 18 cents
Hotel Revaluation Gain = ~ 25 cents (conservative)

NAV at the end of FY2015 = $1.20 - $0.06 cents (dividend) + $0.25 (hotel revaluation gain) + $0.18 cents = $1.57.

Current share price = $0.775 or 51% discount to year end NAV!!!! (as of 16 June 2015)

Sounds like the current price is pretty much fair market value now. ~50% discount to NAV for mod-high gearing property developers sounds about right for now.

Without a catalyst like sale of TM site or recommencement of work there, price will probably just trade sideaways or trend down slowly as volume and interest start to fade.

Can you please tell me what other developers that you know of that are trading at 50% discount to NAV? I'm not trying to argue, I actually want to buy them. Koh Bros is the only other one I know of.

> 5% yield & share buy back & P/B = 0.5 by year end..

Hard to find...

Usually those developer counters trading at P/B = 0.5 is because of low dividend yield and shareholder-unfriendly.
e.g., Tuan Sing

(17-03-2015, 10:02 AM)westin1 Wrote: [ -> ]Thanks jjlim84 .... if ces is so good, price wont stay stagnant like this.... look at ho bee to see how low it can go....

(19-06-2015, 02:18 PM)roxhockey Wrote: [ -> ]

(19-06-2015, 01:08 PM)BlueKelah Wrote: [ -> ]

(16-06-2015, 08:32 PM)Curiousparty Wrote: [ -> ]Baseline of 4 cents dividend at least secured for next 2 years. >5% yield at current price level. Has value emerged after the 21% drop from the recent high of 98 cents to today's 77.5 cents??

EPS forecast for FY2015
1. Nine Residence and Junction 9 = ~ 12 cents
2. Construction Income = ~ 4 cents
3. Fulcrum = ~ 2 cents
4. Investment properties = ~ 0 cents ( assuming hotel operation would drag down EPS as it takes a few years before rooms can be filled up)
Total EPS = ~ 18 cents
Hotel Revaluation Gain = ~ 25 cents (conservative)

NAV at the end of FY2015 = $1.20 - $0.06 cents (dividend) + $0.25 (hotel revaluation gain) + $0.18 cents = $1.57.

Current share price = $0.775 or 51% discount to year end NAV!!!! (as of 16 June 2015)

Sounds like the current price is pretty much fair market value now. ~50% discount to NAV for mod-high gearing property developers sounds about right for now.

Without a catalyst like sale of TM site or recommencement of work there, price will probably just trade sideaways or trend down slowly as volume and interest start to fade.

Can you please tell me what other developers that you know of that are trading at 50% discount to NAV? I'm not trying to argue, I actually want to buy them. Koh Bros is the only other one I know of.

(19-06-2015, 02:18 PM)roxhockey Wrote: [ -> ]

(19-06-2015, 01:08 PM)BlueKelah Wrote: [ -> ]

(16-06-2015, 08:32 PM)Curiousparty Wrote: [ -> ]Baseline of 4 cents dividend at least secured for next 2 years. >5% yield at current price level. Has value emerged after the 21% drop from the recent high of 98 cents to today's 77.5 cents??

EPS forecast for FY2015
1. Nine Residence and Junction 9 = ~ 12 cents
2. Construction Income = ~ 4 cents
3. Fulcrum = ~ 2 cents
4. Investment properties = ~ 0 cents ( assuming hotel operation would drag down EPS as it takes a few years before rooms can be filled up)
Total EPS = ~ 18 cents
Hotel Revaluation Gain = ~ 25 cents (conservative)

NAV at the end of FY2015 = $1.20 - $0.06 cents (dividend) + $0.25 (hotel revaluation gain) + $0.18 cents = $1.57.

Current share price = $0.775 or 51% discount to year end NAV!!!! (as of 16 June 2015)

Sounds like the current price is pretty much fair market value now. ~50% discount to NAV for mod-high gearing property developers sounds about right for now.

Without a catalyst like sale of TM site or recommencement of work there, price will probably just trade sideaways or trend down slowly as volume and interest start to fade.

Can you please tell me what other developers that you know of that are trading at 50% discount to NAV? I'm not trying to argue, I actually want to buy them. Koh Bros is the only other one I know of.

Have pm u some companies as requested, please check ur mailbox

sent from my Galaxy Tab S

It's interesting how this thread has gone from one of the most popular stocks on VB to totally silent recently.

What's more interesting is that the stock price has been trending down as well, almost mirroring the amount of chatter and exuberance here.

A good practical reminder of how the market tends to be a popularity contest in the short run.