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johnng Supreme	22-Oct-2019 14:47        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	CHIONG ARH??
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ytthong1951 Member	26-Aug-2019 05:38        ytthong1951 About Contact  Quote this Post!   Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I"
x 0   x 0  Alert Admin	When the cycle or market is down, we buy. When the market is up, we sell. In this way, you buy low & sell high. To me, this is the principle of investing. The issue is the fundamental of the stock, we buy.     wyeo.
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bishan22 Supreme	25-Aug-2019 20:50        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	See CitiDeath and you know where the cycle stand.....Good luck... like2learn      ( Date: 25-Aug-2019 19:12) Posted: not sure where are we in the property cycle ....
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like2learn Veteran	25-Aug-2019 19:12        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	not sure where are we in the property cycle ....
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josephyeo Elite	25-Aug-2019 16:52        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Sharing some thoughts n datas:   Quarterly datas             APAC Realty 1Q-' 18 2Q-' 18 3Q-' 18 4Q' 18 1Q' 19 2Q-' 19 1H revenue 105,227 121,176 114,061 81,863 77,405 84,789 162194 net profit 5,917 7,693 6,543 4,092 1,777 3,327 5104 1. revenue n profits started to fall when the cooling measures were implemented by the authority in July 2018. 2. its was especially bad in the 1Q of 2019 when revenue fell to $77.4 mil n profit fell to $1.8 mil   Comparision 2Q' 19 against 1Q' 19     APAC Realty 2Q-' 19 1Q' 19 variance in % revenue 84,789 77,405 7,384 9.5 profit 3,327 1,777 1,550 87.2 1. 2Q' 19 shows a huge improvement over 1Q' 19 with profit improving by 87.2% n revenue improving by 9.5%, though it was still below 2Q' 18 when the profit was $7.7 mil n revenue was $121.2 mil. Notes: 1. It is generally reported that 2nd half is likely to be better than 1st half. If that is the case than the full year result for Apac Realty shld be in the region of $10.0 mil to $12.0 mil. Based on 2Q' 19 result, i expect the result to be around $11.5 mil. If the forecast is correct, the p/e will be around 15 X which is quite good. 2. company has reduced its interim dividend in the 2Q from 2.0 cts to 0.75 cts. I expect them to declare a final dividend of 1.5 cts which is lower than the 2.5 cts declared in the previous year. If thats the case the full year dividend will be 2.25 cts. This will give a dividend yielf of 4.5% on current price of 49.5 cts. Catalyst: 1. when sentiments in the property market turn positive 2. when oversea investments start showing result Just sharing ... dyodd
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patient168 Senior	06-Aug-2019 16:23        patient168 About Contact  Quote this Post!   Yells: "patience is the key to winning"
x 0   x 0  Alert Admin	Look like investors are satisfying with the latest results and supporting the price.
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ytthong1951 Member	06-Aug-2019 09:38        ytthong1951 About Contact  Quote this Post!   Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I"
x 0   x 0  Alert Admin	I' ve just bought 2k of Apac at 50c. If it keeps falling I ' ll keep buying, $99m intangible not withstanding.  wyeo.
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josephyeo Elite	06-Aug-2019 08:45        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	I am not bullish or bearish about the counter. I buy when i think it has future good value and sell when it is reasonably valued. There is no love or hate here. Apac Realty is proxy to the Singapore property market. Property market quite bad now since the cooling measures last year. Property market is cyclical in nature and a time will come when the sentiments will change. When? I do not know. Poor sentiments provide opportunity to buy into good companies. Its like in 2014 when banking stocks slump bcoz of the oil crisis n OCBC came all the way down to below $8. That was a good time to get into OCBC .. and i did. 2 years later OCBC went up to $14. I sold. My exposure to Apac is exactly bcoz the property market is weak now bcoz of the cooling measures. Another aspect of Apac Realty is its exposure to foreign markets, especially Indonesia, Thailand and China (Hainan Island). These are new investments. Results may not show this current year but it likely to be different in the future. Above are just my views/perspective. I could be wrong but i take a long view in my investment. Pls dyodd. runaway      ( Date: 06-Aug-2019 06:36) Posted: I cannot fathom your love and support for this company. It dropped from $1.20+ Mar18 to current $0.525. 52-week low is $0.44. and you are still bullish. Pls take a look at its Bal S. Of the $180 mil Assets, intangible is $99 mil.  If you strip away the $99 mil intangible, the net asset/share is only $0.23. Intangigle is a subjective valuation. It is unlike a class A building standing in Raffles Place. It is time to face the reality.
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josephyeo Elite	06-Aug-2019 08:03        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	A quote taken from the company' s press release on 5 Aug ' 19: Quote " Incepted in 1982, APAC Realty&rsquo s wholly-owned subsidiary, ERA Realty, is one of pioneering real estate brokerages in Singapore. Today, it has grown to become one of the largest with a network of over 6,800 salespersons, and has continued to demonstrate its leadership in project marketing and resale transactions.     With its proven track record in marketing and closing transactions across market cycles, ERA is the preferred marketing agent for new home launches amongst leading developers in Singapore and the region. As of 13 May 2019, the agency has secured marketing agent appointments for 42 quality projects with approximately 16,500 new home units scheduled for sale in FY2019. Of which, 26 projects, accounting for approximately 10,520 units, are expected to launch in the second half of 2019." - End of quote -
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runaway Senior	06-Aug-2019 06:36        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	I cannot fathom your love and support for this company. It dropped from $1.20+ Mar18 to current $0.525. 52-week low is $0.44. and you are still bullish. Pls take a look at its Bal S. Of the $180 mil Assets, intangible is $99 mil.  If you strip away the $99 mil intangible, the net asset/share is only $0.23. Intangigle is a subjective valuation. It is unlike a class A building standing in Raffles Place. It is time to face the reality.
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josephyeo Elite	06-Aug-2019 01:56        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	A quote from the company' s press release on 5 Aug ' 19: Quote: " ERA Indonesia is a property brokerage pioneer in Indonesia with a network of more than 6,500 agents across its 109 offices, and has an estimated market share of around 10% of the secondary property market in Indonesia.  The brokerage added 17 member brokers in the year-to-date, and has been appointed as coordinator for 6 residential projects, namely, South Quarter, Branz @ Mega Kuningan, 57 Promenade, 1 Park Homes, 1 Park Hamilton and Vasanta Innopark.   Following the conclusion of Indonesia&rsquo s presidential elections, the government implemented measures to stimulate the property sector and its multiplier effect on related sectors such as cement, electronics and furniture which will contribute to the country&rsquo s overall economic growth.2 A series of tax incentives for luxury properties, premium condominiums, and mass market housing have been announced, complementing steps taken by Indonesia&rsquo s central bank to relax the loan-to-value (&ldquo LTV&rdquo ) and financingto-value (&ldquo FTV&rdquo ) ratios for mortgage transactions effective August 2018. Furthermore, Indonesia&rsquo s government has earmarked US$412 billion to rebuild the country over the next five years, from 2020 to 2024.3 With 60% of this spend allocated to transportation infrastructure, industry watchers expect the country to benefit from enhanced connectivity and higher economic growth. " - End of quote -
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josephyeo Elite	06-Aug-2019 01:53        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	A quote from the company' s press release on 5 Aug' 19: " ERA Thailand is the largest home selling network in Thailand with a sales force of more than 400 real estate agents. Backed by a strong reputation and track record with leading developers, ERA Thailand has secured marketing rights for 18 projects with 10,697 residential units in total. Located across the country, these projects include The Line Wongsawang, Artisan Ratchada, The Regent Orchid Talad Plu, Wyndham Garden Irin, and Chamonix." - End of quote -
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josephyeo Elite	05-Aug-2019 23:57        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	I am quite happy w Apac results. The 2Q result was better than I expected. I had expected a profit of $2 plus millions but it turn out to be $3 plus. See figure below:   APAC Realty 1Q-' 19 2Q-' 19  %  revenue 77,405 84,789 9.5 net profit  1,777 3,327 87.2   APAC Realty 2Q-' 18 2Q-' 19 % revenue 121,176 84,789 -30.0 net profit 7,693 3,327 -56.8 As seen from above, against 1Q the result has improved by 87.2% though it' s down 56.8% against last year. The profit against last year was expected as the cooling measures were introduced in July last year. Since then there was a downward trend in profits for the following 3 quarters. If the 2Q trend profits can be maintained or improved, it will be a fairly good year for Apac given the negative effects of the cooling. Above is just my views n i could be wrong. Am vested and am looking at the company in terms of 2 years or longer. Am also looking forward to contributions from their overseas investments in Indonesia, Thailand, Cambodia, Hainan Island n 4 other countries. Pls dyodd.
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like2learn Veteran	05-Aug-2019 23:21        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	From APAC results -> 11. A commentary at the date of this announcement of thesignificant trends andcompetitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. The Singapore government introduced a fresh round of property cooling measures on 5 July 2018 where the additional buyer&rsquo s stamp duty was raised and loan-to-value ratio was reduced. This affected and will continue to affect the underlying demand for residential properties in Singapore. The Singapore property market may also be affected by any adverse global economic conditions and changes in mortgage interest rates. The total number of unsold private residential units have been increasing in the year 2018 and reached 35,538(including ECs) as at 30 June2019. The vacancy rate of completed private residential units have came down to 6.4% as at 30 June 2019, coming down from a high of 8.9% as at 30 June 2016. Apart from the 35,5381unsold units (including ECs) with planning approval as at 30 June 2019, there is a potential supply of 7,100 units (including ECs) from Government Land Sales (GLS) sites and awarded en-bloc sale sites that have not been granted planning approval yet. They comprise (a) about 6,500 units from awarded GLS sites and Confirmed List sites that have not been awarded yet, and (b) about 600 units from awarded en-bloc sale sites runaway      ( Date: 05-Aug-2019 21:31) Posted: You are absolutely right ! I received a flyer in my letter box today. In it, the agent is advertising 18 new projects under construction (I am sure there are more), and none is disclosing no of units sold (likely a very small % so better keep quiet). The property market is drowned with excessive supply.
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runaway Senior	05-Aug-2019 21:31        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are absolutely right ! I received a flyer in my letter box today. In it, the agent is advertising 18 new projects under construction (I am sure there are more), and none is disclosing no of units sold (likely a very small % so better keep quiet). The property market is drowned with excessive supply.
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Longtermer Elite	05-Aug-2019 20:24        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	Local property market is going through a slow down. Sales transactions likely to continue to stay low going fwd. Should avoid property counters until the sky clear. May take at least 2 years imo.. Dyodd.
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halleluyah Supreme	05-Aug-2019 19:55        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	furthermore div drop more than half...bye bye fr prop tis yr  like2learn      ( Date: 05-Aug-2019 19:32) Posted: APAC results : https://links.sgx.com/FileOpen/APAC%20Realty%20-%201H%202019%20Results%20Announcement_5%20August%202019.ashx?App=Announcement& FileID=573150 EPS(1H2019) drop by 62.4% to 1.44 compared to same period last yr. NAV is now 39.2
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like2learn Veteran	05-Aug-2019 19:32        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	APAC results : https://links.sgx.com/FileOpen/APAC%20Realty%20-%201H%202019%20Results%20Announcement_5%20August%202019.ashx?App=Announcement& FileID=573150 EPS(1H2019) drop by 62.4% to 1.44 compared to same period last yr. NAV is now 39.2
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josephyeo Elite	02-Aug-2019 09:15        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	APAC Realty shares included under the Central Provident Fund Board&rsquo s CPF Investment Scheme &ndash Ordinary Account (&ldquo CPFIS&rdquo )
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josephyeo Elite	01-Aug-2019 21:32        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Btw, Apac Realty nav is 40.7 cts
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