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HOT POTENTIAL BIO-TECHS PLAYS
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bishan22
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23-Jul-2014 06:44
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Technical resistant is at 81. Need good results to clear this hurdle. | ||
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furion13
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23-Jul-2014 00:01
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Any idea when results will be out? | ||
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curiousparty
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22-Jul-2014 22:23
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Chip Seng Seng is very undervalued. The Alexandra Central project alone is likely to increase its NAV by at least 60 cents. Management bought back millions of shares at 0.74 to 0.76 cents. Current Market price is 0.805. Hence, Market Cap works out to be $516mil. Did anyone estimate the obscene profit CES will reflect in its book in the coming few quarters? I did some rough calculation using just one of its projects, Alexandra Central. It seems that just one major project can already create enough NAV to cover its current market cap. a. 450 hotel rooms x $1mil per key = $450 mil (Valuation) b. Commercial retail space = 90,000sqf x $5233 (source: property guru)PSF x 80% (efficiency ratio) = $377mil (REVENUE) c. Total cost of investment = $320mil (land, construction, etc) (land cost = $189mil. The construction contract was awarded to Keong Hong for $101mil). [$350mil might have been " overstated" at company' s website] Shareholder value from this single project alone ~ $507mil , which is close to its current market cap (yet to be recognized in its books), based on very conservative assumptions! And this is just one project and there are many others (Nine residence/Junction 9, progressively recognized, etc). Its construction business will earn about EPS 5 cents per annum. The current NTA of around 80 cents seem to be grossly understated. Given that company was buying furiously at 75.5 cents on average, it could not be just for a meager 10-20% gain (IMHO). In fact, company is sending a very clear and strong signal to its loyal shareholders. The total intrinsic value by end of FY2015 would probably in the region of $1.60~$1.80 (very conservative, excluding TM and other pipe projects such as the Malacca retail/hotel, Fulcrum, Doncaster project in Melbourne) |
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slownsteady
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16-May-2014 22:41
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Strong share buyback action and potential good news from Tower Melbourne... this one is in my sights. |
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bishan22
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16-May-2014 15:32
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Inching up again. Good luck. 
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bishan22
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09-May-2014 08:18
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Covered in ST news today. Good luck.
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guoyanyunyan
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09-May-2014 06:57
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Chip Eng Seng' s 1Q earnings surge more than fourfold to $21.6 mil Chip Eng Seng Corporation said on May 8 that earnings for 1Q2014 ended March rose more than fourfold to $21.6 million from a year ago. Group revenue also grew 51.7% y-o-y to $197.8 million during the quarter, boosted by higher revenue from both its construction and property development business segments. The construction division reported a 9.6% increase in revenue to $71.7 million from new and ongoing projects in Tampines, Jurong West, Yishun, Bukit Batok and Bukit Panjang. Revenue from the property development business rose 95% to $125.1 million after its commercial project 100 Pasir Panjang obtained TOP in March. ...last:$0.725... |
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