2nd Liner Prop Stocks

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12 years 2 months ago #8688 by Joes
Replied by Joes on topic Re: HIAP HOE
Hiap Hoe probably touched bottom today at 54.5 cents, rebounding to 58 cents at the closing of the market. Crazy guy to sell at 54.5 cents a stock that is worth $1.20+ in RNAV.

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12 years 2 months ago #8700 by Wiki
Replied by Wiki on topic Re:Hiap Hoe
Just wanna share something on the Hiap Hoe Holdings family feud. There was a precedence of a holding company that was the majority shareholder of Hwa Hong being broken up way back in 2003.
A distribution in specie of its assets to the minority shareholders was the result, so we could possibly be looking at a similiar conclusion here.
www.hwahongcorp.com/downloads/announceme...newsroom_link102.htm
Superbowl's AGM will be held 20th Apr and Hiap Hoe's would be on 30th Apr, hopefully we would have a little more light on the situation after these 2 interesting AGMs.

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12 years 2 months ago #8702 by zane
Replied by zane on topic Re:2nd Liner Prop Stocks
Hello Wiki, what is the implication on Hiap Hoe Ltd's stock price of a distribution of shares of HH Holdings to its sharholders?

I don't think there is anything major -- at least not right away.

What I like about Hiap Hoe Ltd, the listco, is that:

after record earnings for FY11, with net profit of S$47.4 million,  the next two years will continue to be great.  HH Ltd has substantially pre-sold projects, Waterscape at Cavenagh and Skyline 360°.
The market has not priced in the strong future earnings because Hiap Hoe is such a low-profile company.

I also like its Zhongshan Park (Balestier Road) hotel-cum-commercial development. This is going to raise the profile of Hiap Hoe substantially. With the two hotels, HH will derive steady revenue to add to the cyclical property development revenue.

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12 years 2 months ago #8718 by yeng
Replied by yeng on topic Re: Hiap Hoe
There is some residual selling pressure from the buying binge a month ago. Another way to look at it is, there is weak buying interest, so the price continues slipping. I would be surprised if it went down below 50 cents. It would be almost a complete reversal after hitting 68 cents.

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12 years 2 months ago #8740 by Wiki
Replied by Wiki on topic Re:Hiap Hoe
 
The Hiap Hoe Holdings case will get a pre-trial conference in the High Court tomorrow at 9am, according to the Court's list of hearings this week, app.supremecourt.gov.sg/data/registrarHearing/08_20042012.pdf
 
This is right before Superbowl's AGM tomorrow at 11.30am.

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12 years 2 months ago #8741 by yeng
Replied by yeng on topic Re:2nd Liner Prop Stocks
Thank you for the info === you sure have a keen interest in the court case. As for the stock price, it's continued to slip which is surprising as it is at such a big discount to RNAV of $1.10+++. Wiki, what is your take on the stock price?

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