Post Reply
41-60 of 190
Total 33 cents dividend Ex div 2 Aug. Not sure how many blue chip property counters can reward with > 6% dividend at the latest price (6 July). One the best freehold land bank in Singapore at historical prices.
Remarks : Vested. Sharing. Not enticement to buy. Pls DYODD.
Remarks : Vested. Sharing. Not enticement to buy. Pls DYODD.
Still up upon closing!
Tys5115 ( Date: 10-Jun-2021 12:13) Posted:
|
Look like today mkt interest switch to Ho Bee
Good point - thanks
The problem is free float very little.
Hence, volume always low.
| pkli899 Supreme |
Posted: 09-Jun-2021 14:57 |
Hence, volume always low.
Tys5115 ( Date: 09-Jun-2021 14:54) Posted:
|
The problem is free float very little.
Hence, volume always low.
Hence, volume always low.
Tys5115 ( Date: 09-Jun-2021 14:54) Posted:
|
Not sure if this counter ever attracts attention of BB or funds - leading to question if the demand for this counter will sustain next few days. Hope this is will create some kind of interest going forward.
Bukit Sembawang may offer Reit-like dividends as ' land bank king'
BUKIT Sembawang Estates has enough inventory to sell for the next decade, with the land the developer controls still pegged at " extremely low" historical cost valuation, said a fresh DBS Research report. This pipeline could give Bukit Sembawang room to offer dividends at " Reit-like" yields.
" Return of the land bank king," said DBS. " Bukit Sembawang offers compelling value."
In a Tuesday report, DBS said it expects the company to maintain its dividends in the range of 18 to 33 Singapore cents per share, or equivalent to a yield of 4 to 7 per cent.
The mainboard-listed property developer reported in late-May that its earnings more than doubled for the fiscal 2021 ended March 31 this year. It also upped its special dividend to 29 Singapore cents per share from 7 Singapore cents the year before, on top of recommending a final dividend of 4 Singapore cents per share for fiscal year 2021, the same as last year' s.
The company does not distribute interim dividends, so for the full fiscal year, shareholders are being offered 33 cents per share in dividends, three times that of the year-ago period' s 11 Singapore cents.
The brokerage predicted that long-term investors could receive about 70 per cent of their capital from holding on to Bukit Sembawang for the next decade, as the developer utilises its valuable land bank.
DBS estimated that Bukit Sembawang' s 240,000 square metre land bank slated for " coveted" landed homes means the developer' s shares are now trading at a price to net asset value of 0.86 times. The stock would also be trading at a projected revalued net asset value (RNAV) of S$10.76 per share, based on the value of land Bukit Sembawang controls.
The brokerage kept its " buy" call with a target price of S$5.92. This means the target price is based on a 45 per cent discount to DBS' s estimated RNAV.
To add, Bukit Sembawang in 2019 entered Singapore' s serviced apartment space by opening Fraser Residence Orchard. This venture could generate revenues of about S$11 million per annum, DBS said.
This is a first step towards the company' s plan of building a recurring income base - a " welcome strategy" , the brokerage added.
DBS also said that Bukit Sembawang' s net cash of about S$300 million - which already accounts for paying the declared dividend - can be used to fund acquisitions. Assuming a target net debt-equity ratio of 0.3-0.6 times, the group has potential firepower of S$750 million to S$1.19 billion.
Bukit Sembawang reported net profit of S$189.4 million for fiscal 2021, which was stronger than the S$76.1 million reported in the year-ago period. The results reflected higher profit booked from development projects, absence of impairment loss as well as lower borrowing costs.
Its top line was S$581.0 million, 57 per cent higher year-on-year than S$369.7 million.
Key risks ahead would be an implementation of drastic property cooling measures, resurgence of Covid-19 in Singapore, and a downturn in the property market, the brokerage said.
Looking forward to more price appreciation.
$6 is not too much to expect.
$6 is not too much to expect.
https://www.businesstimes.com.sg/companies-markets/bukit-sembawang-may-offer-reit-like-dividends-as-land-bank-king
Tys5115 ( Date: 08-Jun-2021 15:24) Posted:
|
Oic - thanks.
Biz Times today talk about the company.
Tys5115 ( Date: 08-Jun-2021 15:24) Posted:
|
Anyone care to share reason for the jump today?
15 + 18 dividend better
pkli899 ( Date: 27-May-2021 16:11) Posted:
|
So good results and dividend but price still cannot go beyond 5.00!
Up and came back down..........
Up and came back down..........
Indeed impressive of the major cash increase from $299m to $728m !
pkli899 ( Date: 25-May-2021 19:49) Posted:
|
Frankly this is one of those blue chip shares where after you buy, you should store it away and just check on it from time to time. No action until ready to cash out if you need the funds. Large land bank at conservative book value. Seemed to prudent in their new land acquisition and launches.
Remarks : Vested. Not recommending.
Remarks : Vested. Not recommending.
Very good results. EPS was 2.5 times of last year!
Our plea was heard.
Back to the good old days of 33 cents dividend.
So happy.
NAV is $5.73, despite conservative valuation of land bank.
This stock is definitely worth at least $6!
Our plea was heard.
Back to the good old days of 33 cents dividend.
So happy.
NAV is $5.73, despite conservative valuation of land bank.
This stock is definitely worth at least $6!
SinoThai1688 ( Date: 25-May-2021 18:21) Posted:
|
$0.04+$0.29 dividends !
SinoThai1688 ( Date: 25-May-2021 17:43) Posted:
|
https://links.sgx.com/FileOpen/BSEL_FY2021_results_ann.ashx?App=Announcement& FileID=667650
pkli899 ( Date: 25-May-2021 14:45) Posted:
|
Results should be out within this few days.
Any chance of getting DPU of the good old days?
Any chance of getting DPU of the good old days?