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15-Dec-2020 11:06

AEM SGD / business turnaround ?

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From the looks of it today, tough...

PQTPQK ( Date: 15-Dec-2020 10:45) Posted:

sure be going up[ ...

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15-Dec-2020 10:36

AEM SGD / business turnaround ?

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At least the train is moving....can' t be sure of the buses though...

wait4opp ( Date: 15-Dec-2020 10:19) Posted:

FM are now holding back......after PM addressing......saig......
Train is moving south from now....

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15-Dec-2020 09:45

CityDev / CityDev

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It doesn' t has strength to hit the high $8+ and even if it does, it doesn' t stay there long..and fall back to $7+ levels eventually

hokpin ( Date: 14-Dec-2020 15:22) Posted:

Run road first?

tongphlp ( Date: 14-Dec-2020 15:09) Posted:

Quick sell...:

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15-Dec-2020 09:30

CityDev / CityDev

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Cheap sale!

Joelton ( Date: 15-Dec-2020 09:16) Posted:

CDL to sell Penang hotel for RM75m

CITY Developments Limited (CDL) on Monday said it plans to divest the Copthorne Orchid Hotel & Resort Penang in Malaysia for some RM75 million (S$25 million).

The sale and purchase agreement was entered into by CDL' s wholly-owned subsidiary Millennium & Copthorne Hotels Limited (M& C).

The buyer is Malaysia-listed Ivory Properties Group Berhad. It will acquire the freehold land that the 318-room hotel resides on, along with the hotel and all fixtures, fittings, equipment and tangible personal property in respect of the hotel, CDL said.

In a press statement, CDL noted that the divestment is in line with the group' s strategy to " extract value from its non-core hotel assets, streamline its portfolio and recycle capital following the onset of the Covid-19 pandemic" .

The sale of the Penang hotel is expected to lead to a pre-tax gain of S$9.2 million next year, CDL said. This is the group' s third non-core hotel asset disposal since the start of the year, with a combined sales value of S$104.8 million. Total pre-tax divestment gains for CDL amount to S$50.3 million, of which S$23.9 million will be recognised in 2021.

Last year, CDL took the London-listed M& C private, following a cash offer at 685 pence per share that valued the hotel company at £ 2.23 billion (S$3.96 billion). M& C operates 66 hotels, while 79 are under franchise and management contracts.

Since the privatisation and the outbreak of Covid-19, M& C has restructured costs and redirected marketing resources towards domestic tourism, it said. These have resulted in " green shoots of recovery" of the hospitality business in recent months, CDL added.

In the third quarter of 2020, M& C exercised a put option to sell Copthorne Hotel Birmingham in the UK for £ 17.2 million. This sale will be completed in Q3 2021, resulting in a pre-tax gain on disposal of S$14.7 million.

In February this year, CDL also sold Millennium Cincinnati in the US for US$36 million. This resulted in a pre-tax gain of S$26.4 million, which was recognised in H1 2020.

According to the group, M& C has assessed that the land values of many of its properties are now " significantly higher than their acquisition cost" .

Following the three divestments and considering current offers, M& C expects to complete one to two more disposals from now till the end of 2022. It has operations in 29 countries and an inventory of more than 40,000 rooms.

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15-Dec-2020 09:08

CityDev / CityDev

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Giving up yesterday' s gains...

tongphlp ( Date: 08-Dec-2020 16:02) Posted:

Yah.. down $1, up 10c :)

alleyboy ( Date: 08-Dec-2020 15:56) Posted:

Tis counter can be very hiong. Down alot upz alot too.

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15-Dec-2020 08:53

Trading Techniques / The Trading Floor

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what goes ' Dow' must go up! :)

wavehunter ( Date: 15-Dec-2020 08:07) Posted:

Dow was up +280 pts intraday.
But closed down -184 pts.
Futures at +36 now.

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15-Dec-2020 08:53

Trading Techniques / The Trading Floor

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Agreed!

wavehunter ( Date: 14-Dec-2020 22:14) Posted:

I think Phase 3 is a non-event. Our market will do whatever it wants to do and has nothing to do with Phase 3.
Take the GRs. They have been falling since Aug/Sep becoz one group of Tua Phows have been selling and are still selling.
When their selling ends, another group of Tua Phows who are waiting to buy will do so.
If the selling ends shortly this month, to me, it isn' t becoz of Phase 3 but becoz it was originally scheduled to end in Dec.
The announcement of Phase 3 is purely coincidental. There was a difference between 8 weeks of Circuit Breaker and Phase 2
in terms of how we go about our daily lives, how we work, how we take our daily meals, how and where we can relax, hang out
and carry out our recreational activities. But to me, no difference between Phase 2 and Phase 3. People who are used to hanging
out in groups of more than 5... me think also no difference to them with the coming of Phase 3 as they are already doing it all along,
ie. meeting in groups of more than 5 during Phase 2. And visiting each other in their homes as well. Which is why if market rises or
falls tomorrow, it is not becoz of Phase 3. To me.

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15-Dec-2020 08:27

CityDev / CityDev

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If you are already in the $$$...Looking at past trends, it may fall back to between 7.3- 7.6 levels..run if you can...Unless you are in for the lo.....ng term...:)

Starship ( Date: 14-Dec-2020 15:25) Posted:

hokpin ( Date: 14-Dec-2020 15:22) Posted:

Run road first

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15-Dec-2020 08:24

AEM SGD / business turnaround ?

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Quite, but not so. Upside should have been more..

PQTPQK ( Date: 14-Dec-2020 16:38) Posted:

seem strong

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15-Dec-2020 08:22

CityDev / CityDev

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Sell assets in M' sia, buy into China! It' s the great Sincere Christmas Sale!

pasttime ( Date: 14-Dec-2020 18:20) Posted:

they have started to strip millenium and corpthorn of non corn asset to recycle cash.
mid day announce sale of penang hotel for sgd105m (gain of 50m)
so one can see the value of their m& c privatisation.

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14-Dec-2020 15:16

AEM SGD / business turnaround ?

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To the MOON! Finally!

wait4opp ( Date: 14-Dec-2020 15:13) Posted:

FM checked in liao.......
Shortlists final warning.......sideliners get ready but might be too late.......
Train is about to move and late comers will not entertain........no more tickets and seats soon as running out super fast......

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14-Dec-2020 15:09

CityDev / CityDev

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Quick sell...:)

hokpin ( Date: 14-Dec-2020 14:53) Posted:

Why is this counter so strong suddenly?

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14-Dec-2020 15:07

AEM SGD / business turnaround ?

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From the looks of it...nothing is 100% certain..

pkli899 ( Date: 14-Dec-2020 14:48) Posted:

Sure?
Flying off soon?

wait4opp ( Date: 14-Dec-2020 14:29) Posted:

Radar scans detected........pilots ready to take off.......
Shortlists last clearance........FM are ready to .............

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14-Dec-2020 13:53

SBS Transit / SBS Transit

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Maybe they convert some buses to become ' hospital beds?' to make more revenue from different streams? Convert some buses to Doctors on Wheels...

bicboi ( Date: 14-Dec-2020 13:04) Posted:

seems like SBS is a buy? got lots of room to go back up to high 3 at least?

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14-Dec-2020 13:39

CityDev / CityDev

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344 lots selling @ 7.95 :)
Is there something we don' t know....

tongphlp ( Date: 14-Dec-2020 12:00) Posted:

It may take more than a year for the dust to settle, IMHO :)

tongphlp ( Date: 11-Dec-2020 11:07) Posted:

I suppose the dust has not been settled on the Sincere issue. Most are waiting on the sidelines to see how the investment shall evolve..

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14-Dec-2020 13:36

SBS Transit / SBS Transit

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For those who think have room to go up, BUY, otherwise, BYE!

bicboi ( Date: 14-Dec-2020 13:04) Posted:

seems like SBS is a buy? got lots of room to go back up to high 3 at least?

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14-Dec-2020 12:49

UOL / UOL

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UOLa better buy than Citydev?

moonsun ( Date: 14-Dec-2020 12:06) Posted:

Land cost 778 psf ppr. Huge profits at $1640 psf !
Dyodd .. :)

Joelton ( Date: 14-Dec-2020 09:28) Posted:

UOL sells about 70% of Clavon' s 640 units at average price of S$1,640 psf

UOL Group said on Sunday afternoon that the first weekend launch of the Clavon condominium along Clementi Avenue 1 saw about 70 per cent of the entire 640 units in the 99-year leasehold project being taken up.

The units were sold at an average price of S$1,640 per square foot.

The units sold were across all types including the large format ones like the three, four and five-bedroom apartments.

Clavon offers units of between one and five bedrooms, the sizes of which range from 527 square feet (sq ft) to 1,690 sq ft. About 56 per cent of the 640 units in the development are one- and two-bedroom units of between 527 sq ft and 764 sq ft.

Clavon is a 80:20 joint venture between UOL and its subsidiary United Industrial Corporation Limited.

The development has two 37-storey towers and is expected to be completed in the first quarter of 2025.

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14-Dec-2020 12:01

UOL / UOL

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To the MOON!

Joelton ( Date: 14-Dec-2020 09:28) Posted:

UOL sells about 70% of Clavon' s 640 units at average price of S$1,640 psf

The units were sold at an average price of S$1,640 per square foot.

The units sold were across all types including the large format ones like the three, four and five-bedroom apartments.

Clavon is a 80:20 joint venture between UOL and its subsidiary United Industrial Corporation Limited.

The development has two 37-storey towers and is expected to be completed in the first quarter of 2025.

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14-Dec-2020 12:00

CityDev / CityDev

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It may take more than a year for the dust to settle, IMHO :)

tongphlp ( Date: 11-Dec-2020 11:07) Posted:

I suppose the dust has not been settled on the Sincere issue. Most are waiting on the sidelines to see how the investment shall evolve...

tongphlp ( Date: 11-Dec-2020 10:42) Posted:

CityDev - no eyes see :

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11-Dec-2020 16:45

Venture / Venture

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5 Reasons for going long on Venture:
1) Venture is cash rich
2) No negative news
3) It is still paying GOOD dividends
4) Tech stocks are awaiting for rebound
5) Historically, it has proven to be a GOOD stock

tongphlp ( Date: 11-Dec-2020 16:35) Posted:

For me, can consider to go long if you have the bullets :)

PQTPQK ( Date: 11-Dec-2020 15:42) Posted:

lousy ...stoc

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