Chip Eng Seng

[yewkim]

Low Keng Huat rose from $0.68 to $0.74 or 8 % Gain, just because of an acquisition that will provide recurring income of only $4.2 million or 0.56 cts per share if no further value is added to the property.

Imagine the market reaction when Chip Eng Seng' s Alex Hotel TOPs in 3 month' s time. Recurring income of $14mil per annum or 2.2 cents per share will kick.

Plus there should be revaluation gain of ~30 cents in NAV because CES cost per hotel room is only around $0.4mil to $0.45mil while a typical 4-star hotel room valuation should be around $0.82mil to $0.9mil.

Are you the one who post at sharejunction too? That forum is mostly like the name stated it "junk". LOL . We have people quarreling and name calling in the forum. It is horrible. I do read there once in a while. Nothing much to take away, unlike here.

This forum here is a gem. With you here and many like blueKelah, and many other, make this place a gold mine for me. Thank to all of you very much.