HupSteel

[BlueKelah]

Good move by management! Now to wait for some dividends...

"The property does not form an integral part of the Group’s trading operations, occupancy rate
and rental yield from this property has also been below expectation. It hopes not to commit
more resources to enhance its rental attractiveness on top of meeting more stringent
conservation requirements imposed on the property."

There are quite a number of its investment properties meeting this description. Does that mean we can look forward to more disposal of such properties?

http://www.commercialguru.com.sg/listing...huan-drive

even 6 kim chuan drive had been advertised for sale before.  there's always the possibility.

For Sale - 6 Kim Chuan Drive (D19)
S$60 million
S$ 775.12 psf
77407 sqft / 7191 sqm    
Address: 6 Kian Teck Drive 537082

wow this is the REA selling the place, checked out her LinkedIn, work before in Knight Frank, and now manager at Colliers, looks very capable leh, how come can't get a sale? Surely got some big shot ah tiong will buy from her?

These hardware co. needs a lot of working capital to ramp up inventory when market conditions improve, so dont expect Hupsteel to be big on dividends anytime soon. 

So long as major customer from Shipping and OnG sector(ASL/Keppel FELs/Sembcorp Industries), which are still in downturn are not buying much, their business wont boom and share price will languish. So basically a value trap until we see conditions improve in OnG and Shipping.