Oxley    Last:0.08    -0.001

NEXTINSIGHT say 91cent TP

I still think it' s a gd stock.  Mr Ching is an interesting character.  People like him will make it, deveredly so.  My only concern for him is I think he tends to be  a bit gungho. 

margaux      ( Date: 07-Oct-2016 09:29) Posted: Thank you for your take on Oxley.   it is interesting that OX is inching up today, now at .44c, despite GBP taking a beating!

 

Thank you for your take on Oxley.   it is interesting that OX is inching up today, now at .44c, despite GBP taking a beating! 

 

 

  believe  the analysts  have factored in the overseas properties of which. from what I' ve been reading. a lot have already been sold (quite a surprise to me, at first).  Thus, it' s already earnings already made waiting to be collected only  n this ensures that a  substantial part of the debt will be reduced.  But one potential issue, the way I look at it, especially after the Brexit vote, is the volatility in Sterling which cld translate into currency translation losses for this Ox.  This is my main precaution although I had posted earlier that they are perhaps much less risky than what has been  opined in a lot of media rpts.  The other issue I have with this stock is my perception that the management quite " hiong" in acquiring development properties (cld be local or overseas) n seems to me have a  daring to pay over the top for them  So, for me, it' s  not the debt per se, but a potential to misjudge n miscalculate what they are investing in which might be a potential pitfall.  Other than these, I think this Ox isn' t too risky n justifies a higher valuation.  But perhaps 91c cld be quite stretched in my view.  DYODD as always. 

margaux      ( Date: 05-Oct-2016 20:47) Posted: How is it the RHB analyst can set the target price for Oxley Holdings at 0.91cents?   Is this based mainly on future value after the various oversease developments have TOP' d and monies collected by developer?   Their development in Ireland looks very interesting.

 

Very hard rise...property market so weak..oxley debt HIGH

 

How is it the RHB analyst can set the target price for Oxley Holdings at 0.91cents?   Is this based mainly on future value after the various oversease developments have TOP' d and monies collected by developer?   Their development in Ireland looks very interesting.

 

Took down 0.42

Next objective would be 0.45.


 

 

Oxley just made an announcement on SGX to clarify costs of project in Chongqing. Is this the reason why price dropped despite a rallying market today that investors are afraid that the costs are too high?

 

Oxley Holdings (OHL SP) reported FY16 net profit of S$206m (+162%), driven by progressive revenue recognition from 8 of its residential and mixed development projects in Singapore. 

Revenue of S$981m was the second highest on record, with contribution from major projects such as NEWest, KAP & KAP Residences and The Rise @ Oxley.   

Going forward, Oxley has another $1.2bn of unbilled sales from its Singapore portfolio, including $500m from Oxley Towers at Robinson Road, which can only be recognised upon completion.
 

Oxley Holdings
Share price:  41 c	Target:  85 c

While sales from Singapore were the key driver in FY16, we expect the group&rsquo s overseas projects to feature more prominently going forward. Of the group&rsquo s current S$3bn unbilled sales, 60% are from overseas markets such as UK and Cambodia. 

The group has started to hand over units to buyers at its massive Royal Wharf development in London and with a sales backlog of $1.6bn, profit recognition would stretch over the next 2-3 years as units are progressively handed over. 

Oxley executive chairman and CEO Ching Chiat Kwong at a FY16 results briefing yesterday.Photo: Sim KihMeanwhile, the group is targeting new launches in Malaysia (Oxley Towers KLCC), Myanmar (Min Residences) and Indonesia (Batam Convention Centre) in the next 2 quarters, while sales are continuing at The Bridge (commercial units) and the Peak (residential) in Cambodia.

The group&rsquo s net gearing has fallen from 2.7x to 2.3x in the last 12 months, and we project this to decline to 1.5x by end FY17 as cash continues to pour in from Royal Wharf and its Singapore project. 

We expect $1.9bn worth of projects receiving T.O.P. in the next 12 months, and this will underpin a record year in FY17 with net profit of $350-360m. 

Oxley remains one of our top picks in the property sector, and we maintain our BUY recommendation with a revised TP of SGD0.85.

Oxley&rsquo s award-winning Royal Wharf project in London along the River Thames.  Artist' s impression

 

 

If you understand the value of the company, why you bother so much?

taxiuncle      ( Date: 01-Sep-2016 15:27) Posted: Sellers keep selling at 44 cts.........

 

Sellers keep selling at 44 cts.........

 

Looks like lots of un deployed BUY resources.


 

 

resistance at 46c.. likely see 48c which is 52wks high...

 

Losing power. Maybe gain strength after lunch. Chiong mf!!!!

taxiuncle      ( Date: 01-Sep-2016 10:14) Posted: 44 not easy to break....A huge wall.

 

44 not easy to break....A huge wall.

 

Temporary resistence at 44c. Soon to be broken........jia yu baby!

 

Wow, that sounds fantastic. Way to go Oxley!

luckyfa      ( Date: 01-Sep-2016 09:18) Posted: Reference to Hobee...Oxley got A lot of 'Rooms' to gap up.....today first 10 mins buying chart may mean closing very high today......like mm2,cityneon & etc....this looks alike.... hardwired      ( Date: 01-Sep-2016 09:15) Posted: It' s looking good. Glad I bought yesterday.

 

People who keep focusing on the debt, including the media, what do they really understand abt the business n cashflow?  Just read that UK properties may be back up again, n so are Aussie ones. 

luckyfa      ( Date: 01-Sep-2016 09:18) Posted: Reference to Hobee...Oxley got A lot of 'Rooms' to gap up.....today first 10 mins buying chart may mean closing very high today......like mm2,cityneon & etc....this looks alike.... hardwired      ( Date: 01-Sep-2016 09:15) Posted: It' s looking good. Glad I bought yesterday.

 

Reference to Hobee...Oxley got A lot of 'Rooms' to gap up.....today first 10 mins buying chart may mean closing very high today......like mm2,cityneon & etc....this looks alike....

hardwired      ( Date: 01-Sep-2016 09:15) Posted: It' s looking good. Glad I bought yesterday.

 

It' s looking good. Glad I bought yesterday.

 

Chart has been beautifully setup....much more rise in place....A well growth company at current low price.

Msport      ( Date: 01-Sep-2016 09:11) Posted: breakout... tgt 50c