30-12-2014, 10:13 PM
I was deliberating this for a while and finally divested last week & still holding the warrants.
The stock is already trading above BV (PB - 1.14 and PE 18.2) while many other Property Counters are going for half of the book value. Since the Sim Lim square saga, I started focusing this stock and not so optimistic on Celestial REIT in this market condition... Around the same time SGX queried the company on the "Independence" of an ID...
Was holding since 2010 and it was a good ride and good dividends ...
Respect to the founder/CEO ... He built this company with his hardwork despite his and humble beginning.
The stock is already trading above BV (PB - 1.14 and PE 18.2) while many other Property Counters are going for half of the book value. Since the Sim Lim square saga, I started focusing this stock and not so optimistic on Celestial REIT in this market condition... Around the same time SGX queried the company on the "Independence" of an ID...
Was holding since 2010 and it was a good ride and good dividends ...
Respect to the founder/CEO ... He built this company with his hardwork despite his and humble beginning.