2nd Liner Prop Stocks

erelation
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11 years 2 months ago #13383 by erelation

Replied by erelation on topic Re:Re:2nd Liner Prop Stocks

Hi Sumer,

Thanks for your view on Heeton.

Taken the opportunity to buy some Superbowl at 48.5 cents before their release of result on 22 Feb 2013 which expect to book the profit for the remaining of their condo project.

Hiap Hoe down for past few days after release of result. Manage to by some at 67.5 cents for longer term investment. Hope to be able to see the positive cashflow from their hotel/office/retail for this year.

Cheers...
Yee

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Wiki
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11 years 2 months ago - 11 years 2 months ago #13388 by Wiki

Replied by Wiki on topic Re:2nd Liner Prop Stocks

FYI Phillip Capital research has an unratedÂ report on ChipEngSeng today, valuing its RNAV at $1.49, which is quite close to sumer's estimates of $1.60.
I am not sure how to attach the report, but here is a short write up of it on a blog:
alanu6.blogspot.sg/2013/02/chip-eng-seng.html
The main difference I believeÂ might be due to Phillip's report valuing the 4 star Alexandra hotel much more conservatively at $500k per key instead of sumer's $650k.
Park Regis a 4 star hotelÂ at Merchant Road has been put up for sale again and is estimated to be able to fetch $220-230m. CDL HTrust are among the interested parties and there is talk that it will be going for $250m. The hotel has 203 rooms with a 7 storey office tower of 41,452sqf of NLA, and I think that could work out to be about $1m per key, though its located more centrally.
www.propertyguru.com.sg/property-managem...e-back-on-the-market
Â Â
Â Â Â Â

Last edit: 11 years 2 months ago by Wiki. Reason: Typo

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JayMiSon
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11 years 2 months ago #13410 by JayMiSon

Replied by JayMiSon on topic 2nd Liner Prop Stocks

Anyone want to hazard a guess why Hiap Hoe has been falling since they released their results?

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Big Fish
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11 years 2 months ago #13411 by Big Fish

Replied by Big Fish on topic 2nd Liner Prop Stocks

Hiap Hoe, if I am not mistaken, had tried to shoot past 70 cents last year. This time it went as high as 73 cents but fell back. I believe after the results announcement, people took profit and/or disappointed with the small dividend.

I have held HH since 45 cents and wish to continue to hold it as it is too cheap to let go. Its RNAV is about $1.20 and its 2 hotels have now added new muscle to its business. Just my 2 cts worth. Don't have to agree with me.

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pine
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11 years 2 months ago #13414 by pine

Replied by pine on topic Chip Eng Seng

Chip Eng Seng giving 4 cent dividend!

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JayMiSon
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11 years 2 months ago #13415 by JayMiSon

Replied by JayMiSon on topic 2nd Liner Prop Stocks

Thanks Big Fish. I too have held on to HH and SB for some time now. The dividend of 0.5 cent for HH does seem to be a bit disappointing.

Big Fish wrote: Hiap Hoe, if I am not mistaken, had tried to shoot past 70 cents last year. This time it went as high as 73 cents but fell back. I believe after the results announcement, people took profit and/or disappointed with the small dividend.

I have held HH since 45 cents and wish to continue to hold it as it is too cheap to let go. Its RNAV is about $1.20 and its 2 hotels have now added new muscle to its business. Just my 2 cts worth. Don't have to agree with me.

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