Chip Eng Seng

[BlueKelah]

I think its good not to consider TM project figures in our calculation. Just treat it as zero value or if we want to be even more prudent give it a negative value as there is at least currency loss due to fallen AUD.

I think Raymond seemed to steer clear of Melbourne but going into other Aussie cities perhaps due to agreement with CES.

I think CES will likely exit Aussie market as it seem that Raymond is the Aussie connection.

Judging by the way HighPark sold so well I think CES is in good hand as the sales show very good execution. Will patiently wait to see the direction of the company post Yishun High Park projects.

Hope they launch Perth project smoothly as Scarbough seem to be stirring with the launch of a project there recently called Sundance, very near to CES site.

RNAV of easily above $1.50 and likely 4ct Dividend per year for year end 2015 and 2016 based on past years history of generous management make current stock price worth considering. Earnings this year also shd be very good due to quick construction at Junciton  9 and 9 Residences. 

Perth project unlikely to do well since its not launch yet and there is a worsening property downturn going on there that will contribute to the eventual apartment glut. The area there is being planned for 2800 units to come up, currently there are a lot of other projects coming up in that suburb, so unit oversupply is just a matter of time.