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29-04-2014, 10:29 AM
(29-04-2014, 09:58 AM)safetyfirst Wrote:(28-04-2014, 11:24 PM)Ferns Wrote: http://infopub.sgx.com/FileOpen/HBL_Pres...eID=294081
Ho Bee reported a 92% decrease in qoq profits.
Is this normal for property counters? Since they may not have any sales in this quarter, so it might fluctuate from quarter to quarter.
For hobee, if you have followed the company close enough, you would know in advance that it has difficulties selling its sentosa units and i dont think it is selling any condo on mainland singapore so you will expect little or no development profits.
It future profits in the next few years would be from its investment properties. but honestly, i think its share price is holding up too well, if i own shares in hobee, i would sell them all today.
Anyway, some people are guessing that the CEO will privatise the company, perhaps that's the reason why the shares are trading so high but my take is that he wont privatise it
Indeed a safety first.
