Hiap Hoe

JayMiSon
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11 years 2 months ago #13553 by JayMiSon

Replied by JayMiSon on topic Hiap Hoe

Superbowl see to be in better position to weather the storm compared to HH.

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erelation
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11 years 2 months ago #13554 by erelation

Replied by erelation on topic Hiap Hoe

Hi JayMison,

Can you share with me why you think Superbowl is better position than HH?

I prefer CSE now as it has corrected to a more attractive level with dividend yield of more than 5%. Current price $0.73 vs $0.04 dividend. Big fish still collecting at over $0.80 per share.

Furthermore, it has property in Australia pre-sold. Singapore too it has commercial property pre-sold hence less affected by the latest measure.

Anyone have any opinion to share?

Cheers
Yee

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JayMiSon
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11 years 2 months ago #13558 by JayMiSon

Replied by JayMiSon on topic Hiap Hoe

Hi Yee,

I felt Superbowl to be in a better position than HH because mainly of the composition of the business between the 2, current economic climate and government cooling measures.

Superbowl is made up mainly of property rentals and recreational developments as compared to HH which is mainly residential development. With the current economic climate and the government cooling measures, I expect HH to face more pressure compared to SB. However, HH should continue to reap the profits from the property boom in recent times in the near future. Both HH and SB should have a comfortable margin if the 2 new hotels are successfully (which of course depends on the tourism sector and the 3rd party management of the hotels.)

With both having the same dividend payout this round, SB has the higher yield, which should give it more cushion for the share price to maneuver.

erelation wrote: Hi JayMison,

Can you share with me why you think Superbowl is better position than HH?

I prefer CSE now as it has corrected to a more attractive level with dividend yield of more than 5%. Current price $0.73 vs $0.04 dividend. Big fish still collecting at over $0.80 per share.

Furthermore, it has property in Australia pre-sold. Singapore too it has commercial property pre-sold hence less affected by the latest measure.

Anyone have any opinion to share?

Cheers
Yee

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erelation
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11 years 2 months ago #13562 by erelation

Replied by erelation on topic Re:Hiap Hoe

Fortunately managed to sell all at average price of $0.4575. Now considering whether to buy back around $0.43

Still don't like the idea of them placing out shares at significant discount to RNAV.

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Rich
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10 years 11 months ago - 10 years 11 months ago #14063 by Rich

Replied by Rich on topic Re:Hiap Hoe

Hiap Hoe's new hotel, Ramada in Balestier Road, has opened. The foot traffic around it is pretty good, as NTUC Finest has opened while Guardian and Thai Express and Toast Box are still renovating their spaces.

Hiap Hoe at 67 cents still trades at a major discount to the RNAV of about $1.36. For your reading reference, the OSK report:

research.osk188.com/attachments/61/osk-r...9265046f6f96235d.pdf

NextInsight has excerpts from March 2013 report by DMG with a higher target of 79 cents:

www.nextinsight.net/index.php/story-arch...alysts-for-re-rating

Last edit: 10 years 11 months ago by Rich.

The following user(s) said Thank You: Joes

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Joes
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10 years 11 months ago #14121 by Joes

Replied by Joes on topic Re:Hiap Hoe

A few property developers are hotting up, as they close the discount gap to their RNAV. Hiap Hoe has moved on to 68.5 cents. More upside as the RNAV is S$1.36.

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