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ChipEngS - Low PE, High Yield and High NAV in One
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BrotherHuat
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17-Feb-2017 09:55
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Failed to take-off - Engine needs overhaul!!!
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Eagle88
Supreme |
17-Feb-2017 09:19
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CHEONG AH !!! 80 80 80 !!!!
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BrotherHuat
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17-Feb-2017 09:03
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CHEAP! CHIP!! Why not moving??? |
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tangsookiam1947
Master |
16-Feb-2017 20:47
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SINGAPORE (Feb 16): Chip Eng Seng Corporation posts earnings of $14.9 million in 4Q, an increase of 52.5% from $9.8 million a year ago, on the back of higher revenue. 4Q revenue grew 62.5% to $250.0 million, compared to $153.9 million a year ago. This was mainly attributed to higher contribution from its property development and construction divisions. Revenue from property developments close to doubled to $147.6 million in 4Q, from $74.7 million a year ago, mainly due to higher progressive revenue recognised for High Park Residences. Meanwhile, construction revenue registered a 31.4% increase to $92.5 million in the quarter, from $70.4 million a year ago. This was mainly attributed to Woodlands N1C26 & N1C27 and Tampines N6C1A/1B, which are at their active stages of construction. Revenue from Chip Eng Seng&rsquo s hospitality division also increased 8.8% to $7.0 million in 4Q, on the back of higher occupancy at Park Hotel Alexandra. Cash and cash equivalents stood at $481.6 million as at Dec 31, 2016. In an SGX filing on Thursday, Chip Eng Seng says it is encouraged by the results of new Singapore property launches in second half 2016, and will roll out its New Upper Changi Road development, Grandeur Park Residences, toward the end of this month. However, the group says it is currently reviewing its plan to launch the South Melbourne project in 1H2017 as residential housing demand in Australia has softened. Meanwhile, Chip Eng Seng says it entered into an option to purchase an industrial property for prefabricated prefinished volumetric production in Dec 2016, which will enhance its modular construction capabilities. The group says it will remain active in public housing tenders while continuing to vie for non-housing public projects. Chip Eng Seng has declared a first and final cash dividend of 4.0 cents per ordinary share. Shares in Chip Eng Seng closed half a cent higher at 71 cents on Thursday. |
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Just4win
Supreme |
16-Feb-2017 19:38
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Mainly due to higher income tax.. Higher effective tax rate in 4Q2016 was due to under accrued taxes in prior years and deferred tax assets not recognised.
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newbie86
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16-Feb-2017 19:00
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Full year 2016 result: Revenue increased 10.6% to 748 million. However, gross profit dipped 9.6% after tax |
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BrotherHuat
Member |
16-Feb-2017 18:47
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Closed at 0.71 so tomorrow +0.04 = 0.75???
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bishan22
Supreme |
16-Feb-2017 18:25
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Reported 4 cents dpu................ |
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Eagle88
Supreme |
16-Feb-2017 16:50
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Still on uptrend lah....
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BrotherHuat
Member |
16-Feb-2017 11:35
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Disappointing - Moving at Snail Pace!!! Completely no Power!!!
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Eagle88
Supreme |
15-Feb-2017 13:30
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lai liao lai liao....lol...
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Eagle88
Supreme |
15-Feb-2017 09:47
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This counter may hit 80 in short term....
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Eagle88
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15-Feb-2017 09:44
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Capitaland shows the way... lol... | ||||
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tangsookiam1947
Master |
14-Feb-2017 22:36
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if u refer to Keong Hong' s recent results, it was mentioned that its profit was boosted by High Park Residence (in analyst report). Keong Hong' s share of HPR was only 20%. CES had lion' s share of 60%!!! |
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tangsookiam1947
Master |
14-Feb-2017 22:12
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The NAV is understated as it did not include the surplus RNAV from hotel. Hotel was recorded at cost. |
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Eagle88
Supreme |
14-Feb-2017 10:54
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could this counter be delisted or took over as its NAV is almost double the share price.... |
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Eagle88
Supreme |
14-Feb-2017 10:51
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very good support at 70 ... once chakpapa...the price will move up... |
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Eagle88
Supreme |
13-Feb-2017 16:31
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closing at 73 will be very nice..... |
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Eagle88
Supreme |
13-Feb-2017 16:25
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lots of malaysian, china mari and indons chinese all wanted to buy singapore properties for one reason or another....properties sector will move up.....
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Eagle88
Supreme |
13-Feb-2017 15:49
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you should lock it up until the share price is $1.50 or more...lol...govt might relax the cooling measures on properties....watch out !!!
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