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ChipEngS - Low PE, High Yield and High NAV in One Post Reply Rate topic
Eagle88 Supreme	14-Mar-2017 10:18        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Someone is trying to pick up cheap....not much resistance actually...done at 77 last Friday....now is pretty cheap relatively to that....interest rate already factored in....dont tell me that those who bought the house didnt consider future interest hike of 0.25 point or so...not much different for monthly installment especially with CPF money....i have loaded more now at 74/745.....lol... Rangie79      ( Date: 13-Mar-2017 15:07) Posted: I think 75.5 - 76 cents is strong resistance. See strong selling pressure at that level. Is GPR last weekend not doing well?
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BrotherHuat Member	14-Mar-2017 09:27        BrotherHuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is CES feeling the heat of the US rate hike??? BrotherHuat      ( Date: 13-Mar-2017 16:14) Posted: Back to feet dragging again!!! XD is still too far away!!! Rangie79      ( Date: 13-Mar-2017 15:07) Posted: I think 75.5 - 76 cents is strong resistance. See strong selling pressure at that level. Is GPR last weekend not doing well?
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BrotherHuat Member	13-Mar-2017 16:14        BrotherHuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Back to feet dragging again!!! XD is still too far away!!! Rangie79      ( Date: 13-Mar-2017 15:07) Posted: I think 75.5 - 76 cents is strong resistance. See strong selling pressure at that level. Is GPR last weekend not doing well?
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Rangie79 Member	13-Mar-2017 15:15        Rangie79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Also, seems like Tower Melbourne delay is not getting anywhere! How this stock can fly? https://urban.melbourne/forum/cbd-tower-melbourne-150-queen-street-226m-residential?page=7
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Rangie79 Member	13-Mar-2017 15:07        Rangie79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think 75.5 - 76 cents is strong resistance. See strong selling pressure at that level. Is GPR last weekend not doing well?
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Eagle88 Supreme	13-Mar-2017 11:51        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	STI 3147....good sign for property stocks, especially this counter that is  doing well now and even better into the future....
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Eagle88 Supreme	13-Mar-2017 09:24        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Analysts will give new TP after all have chakpapa first before going up for 2nd round....  tangsookiam1947      ( Date: 12-Mar-2017 22:18) Posted: HPR - 20 cents EPS ( 5 years worth of 4 cents dividends) GPR -  18 cents EPS (  4.5 years worth of 4 cents dividends).. this is excluding other profits - investment properties, hotel, construction projects. Hence, any price below 80 cents is a BIG STEAL!!!!
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tangsookiam1947 Master	12-Mar-2017 22:18        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	HPR - 20 cents EPS ( 5 years worth of 4 cents dividends) GPR -  18 cents EPS (  4.5 years worth of 4 cents dividends).. this is excluding other profits - investment properties, hotel, construction projects. Hence, any price below 80 cents is a BIG STEAL!!!!
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tangsookiam1947 Master	12-Mar-2017 16:45        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does anyone have info on the total number of units sold to date at GPR? many tks. Eagle88      ( Date: 11-Mar-2017 23:26) Posted: Even without the tweaking of the cooling measures, GPR is already selling like hot cakes....now with the tweaking, it will definitely help...analysts have upgraded the stock to higher TP...will see the stock price to gap up on next Monday and continues to do so until it reaches and go beyond that with more good news coming... tangsookiam1947      ( Date: 11-Mar-2017 11:30) Posted: S$79m in development profits to be recognised progressively SG12 cents added to our FY17 RNAV estimates We first highlighted the pre-launch details of Grandeur Park Residences in a previous report dated 21 February 2017 where average selling prices (ASP) of S$1,350 PSF transacted at the development came in within our expectations. We expect CES to generate cost savings in construction costs for the development, as the land site does not require prefabricated prefinished volumetric construction system as well as taking construction works in-house. We are expecting CES to potentially lock in a development margin in the range of 16 &ndash 19% and progressively recognise development profits after taxes of S$65.6 million from the sale of 420 units. We have included contributions from the sales of the 420 units in the new development and added SG12 cents in our FY17 RNAV estimates.   Sales volume expected to moderate in the development as remaining units are larger in size Demand is likely to remain strong as inventory of unsold units in vicinity is declining The sizes of remaining unsold units are mostly three bedrooms which are ranging from 82 sqm to 135 sqm, translating to purchase prices of S$1.2 million to S$2 million. We are expecting sales volume to moderate in the development for the rest of the 300 unsold units due to their higher purchase prices. This is because units with prices in the sub S$1 million range will typically sell faster compared to more expensive units amid the 60% total debt servicing ratio requirement. However, we are optimistic that CES will be able to maintain the current ASP as demand is likely to remain strong amid a shrinking supply of unsold units in the vicinity. The two nearby developments, Eco (99.6%) and The Glades (84.4%) are mostly sold where the two developments have 116 units left unsold as at 4Q16.   Investment Action With a SG12 cents boost to our FY17 RNAV estimates (before taking a 50% discount to RNAV) from the the sale of 420 units in Grandeur Park Residences, we maintained our &lsquo Accumulate&rsquo rating on CES and increased our TP to S$0.87 (previous S$0.81) based on our FY17 RNAV estimates.​
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Eagle88 Supreme	11-Mar-2017 23:26        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even without the tweaking of the cooling measures, GPR is already selling like hot cakes....now with the tweaking, it will definitely help...analysts have upgraded the stock to higher TP...will see the stock price to gap up on next Monday and continues to do so until it reaches and go beyond that with more good news coming... tangsookiam1947      ( Date: 11-Mar-2017 11:30) Posted: S$79m in development profits to be recognised progressively SG12 cents added to our FY17 RNAV estimates We first highlighted the pre-launch details of Grandeur Park Residences in a previous report dated 21 February 2017 where average selling prices (ASP) of S$1,350 PSF transacted at the development came in within our expectations. We expect CES to generate cost savings in construction costs for the development, as the land site does not require prefabricated prefinished volumetric construction system as well as taking construction works in-house. We are expecting CES to potentially lock in a development margin in the range of 16 &ndash 19% and progressively recognise development profits after taxes of S$65.6 million from the sale of 420 units. We have included contributions from the sales of the 420 units in the new development and added SG12 cents in our FY17 RNAV estimates.   Sales volume expected to moderate in the development as remaining units are larger in size Demand is likely to remain strong as inventory of unsold units in vicinity is declining The sizes of remaining unsold units are mostly three bedrooms which are ranging from 82 sqm to 135 sqm, translating to purchase prices of S$1.2 million to S$2 million. We are expecting sales volume to moderate in the development for the rest of the 300 unsold units due to their higher purchase prices. This is because units with prices in the sub S$1 million range will typically sell faster compared to more expensive units amid the 60% total debt servicing ratio requirement. However, we are optimistic that CES will be able to maintain the current ASP as demand is likely to remain strong amid a shrinking supply of unsold units in the vicinity. The two nearby developments, Eco (99.6%) and The Glades (84.4%) are mostly sold where the two developments have 116 units left unsold as at 4Q16.   Investment Action With a SG12 cents boost to our FY17 RNAV estimates (before taking a 50% discount to RNAV) from the the sale of 420 units in Grandeur Park Residences, we maintained our &lsquo Accumulate&rsquo rating on CES and increased our TP to S$0.87 (previous S$0.81) based on our FY17 RNAV estimates.​
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tangsookiam1947 Master	11-Mar-2017 12:05        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	While the adjustments to the SSD and the TDSR are seen as having a muted impact on the market, what is more important is the signal that property market participants will read from Friday' s announcement. Most would be inclined to think that the government is now prepared to further unwind the property cooling measures, which were implemented in stages between 2010 and 2013. This will strengthen the view that the Singapore housing market is bottoming and make buyers more sanguine about prospects of riding on a price recovery after a price slide over three years. " I would call this is a candle light at the end of the tunnel," quipped JLL national director Ong Teck Hui. As a clearer picture of the impact of round one emerges in the coming days and weeks, the government will decide what to do, or not do, next.
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tangsookiam1947 Master	11-Mar-2017 11:30        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	S$79m in development profits to be recognised progressively SG12 cents added to our FY17 RNAV estimates We first highlighted the pre-launch details of Grandeur Park Residences in a previous report dated 21 February 2017 where average selling prices (ASP) of S$1,350 PSF transacted at the development came in within our expectations. We expect CES to generate cost savings in construction costs for the development, as the land site does not require prefabricated prefinished volumetric construction system as well as taking construction works in-house. We are expecting CES to potentially lock in a development margin in the range of 16 &ndash 19% and progressively recognise development profits after taxes of S$65.6 million from the sale of 420 units. We have included contributions from the sales of the 420 units in the new development and added SG12 cents in our FY17 RNAV estimates.   Sales volume expected to moderate in the development as remaining units are larger in size Demand is likely to remain strong as inventory of unsold units in vicinity is declining The sizes of remaining unsold units are mostly three bedrooms which are ranging from 82 sqm to 135 sqm, translating to purchase prices of S$1.2 million to S$2 million. We are expecting sales volume to moderate in the development for the rest of the 300 unsold units due to their higher purchase prices. This is because units with prices in the sub S$1 million range will typically sell faster compared to more expensive units amid the 60% total debt servicing ratio requirement. However, we are optimistic that CES will be able to maintain the current ASP as demand is likely to remain strong amid a shrinking supply of unsold units in the vicinity. The two nearby developments, Eco (99.6%) and The Glades (84.4%) are mostly sold where the two developments have 116 units left unsold as at 4Q16.   Investment Action With a SG12 cents boost to our FY17 RNAV estimates (before taking a 50% discount to RNAV) from the the sale of 420 units in Grandeur Park Residences, we maintained our &lsquo Accumulate&rsquo rating on CES and increased our TP to S$0.87 (previous S$0.81) based on our FY17 RNAV estimates.​
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Eagle88 Supreme	10-Mar-2017 16:02        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is only the beginning of property up cycle....very soon the govt will remove all the cooling measures....lol... Eagle88      ( Date: 10-Mar-2017 15:49) Posted: This stock will go up even further after the govt tweakings of cooling measure that is very positive for property stocks including CES.....lol... Eagle88      ( Date: 10-Mar-2017 15:43) Posted: Hot stock: Property counters jump on news of cooling measure tweaks http://www.businesstimes.com.sg/companies-markets/hot-stock-property-counters-jump-on-news-of-cooling-measure-tweaks
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Eagle88 Supreme	10-Mar-2017 15:49        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This stock will go up even further after the govt tweakings of cooling measure that is very positive for property stocks including CES.....lol... Eagle88      ( Date: 10-Mar-2017 15:43) Posted: Hot stock: Property counters jump on news of cooling measure tweaks http://www.businesstimes.com.sg/companies-markets/hot-stock-property-counters-jump-on-news-of-cooling-measure-tweaks
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Eagle88 Supreme	10-Mar-2017 15:43        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hot stock: Property counters jump on news of cooling measure tweaks http://www.businesstimes.com.sg/companies-markets/hot-stock-property-counters-jump-on-news-of-cooling-measure-tweaks
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Eagle88 Supreme	10-Mar-2017 15:29        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Almost 9mil shares done....something very good is going to happen soon....
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Eagle88 Supreme	10-Mar-2017 15:07        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	2nd main course on the way.... BrotherHuat      ( Date: 10-Mar-2017 12:55) Posted: Main Course is served!   0.77 now!! BrotherHuat      ( Date: 08-Mar-2017 13:14) Posted: Didn' t miss much when I am away anyway, I have re-entered today for the main course!!
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BrotherHuat Member	10-Mar-2017 12:55        BrotherHuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Main Course is served!   0.77 now!! BrotherHuat      ( Date: 08-Mar-2017 13:14) Posted: Didn' t miss much when I am away anyway, I have re-entered today for the main course!! Eagle88      ( Date: 08-Mar-2017 11:47) Posted: No more 73...
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Eagle88 Supreme	10-Mar-2017 09:30        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The company can give more than 4 cents if performing well and that can easily justify for higher share price....good for all shareholders especially the major shareholders...lol... tangsookiam1947      ( Date: 09-Mar-2017 17:11) Posted: share price should stablize at 80-85 cents range, giving a consistent yield of 5% or 4 cents per annum
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tangsookiam1947 Master	09-Mar-2017 23:15        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	now should have crossed the 60% mark. We might hit 75 to 80% by end of this weekend...
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