Back

Latest Forum Topics / Chip Eng Seng

Post Reply

ChipEngS - Low PE, High Yield and High NAV in One Post Reply Rate topic
Starship Supreme	24-Apr-2019 23:38        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	This reply is nothing short of a disgrace.  What are they trying to hide? RESPONSE TO THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED&rsquo S (" SGX-ST" ) QUERY ON ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 The Board of Directors (the " Board" ) of Chip Eng Seng Corporation Ltd. (the " Company" ) refers to the email of 23 April 2019 from the SGX-ST in connection with the Company&rsquo s Annual Report for the financial year ended 31 December 2018 (the " FY 2018 Annual Report" ) and wishes to respond as follows: - SGX-ST' s query We refer to the Company&rsquo s FY 2018 Annual Report. As required by Rule 1207(12) of the Listing Manual, please make disclosures as recommended in paragraph 9.2 of the Code or otherwise explain the reason(s) for the deviation from the following Code recommendations. The Company reported that it did not disclose directors&rsquo remuneration in the nearest thousand dollars as it is commercially sensitive. The band for directors was stated as " above S$1,000,000" , without an upper limit. Please provide an upper limit to the band. Company&rsquo s response Mr Chia Lee Meng Raymond (" Mr Chia" ) is the Executive Director and Group Chief Executive Officer of the Company, a key management officer of the Company and its subsidiaries (collectively, the " Group" ). The Board had decided not to disclose the upper limit to the band of Mr Chia' s remuneration in view of the sensitive and confidential nature of such disclosure. The Board believes such disclosure would pose as a disadvantage to the Group as it operates in a highly competitive environment. Such information was accordingly not disclosed in the FY 2018 Annual Report to protect the interests of the Group.  https://links.sgx.com/FileOpen/SGX_query_-_Annual_Report.ashx?App=Announcement& FileID=555619
Useful To Me  Not Useful To Me
CELSupporter Member	16-Apr-2019 15:08        CELSupporter About Contact  Quote this Post!
x 0   x 0  Alert Admin	you are right. Frankly speaking, CES is not the best or even the good company in property development counter. most of their local development project are earning the lower end profit, instead of earning big as other property counter. in my memory, the last time, CES earning quite a big profit, was the alexandra mall and the junction 9 mall. however, these earning are hidden, since at the same time, there were park hotel alexandra built. and hotel is a PPE, where always underrated their true value. CES has two hotel cooperate with park hotel, and going to have 3rd on the 51 pirie street Adelaide. Park hotel is quite aggressive recent years, i believe park hotel group will be going for IPO in the future as well, CES three hotel project with Park hotel should benefit, but it time to ripe. a long way to go.. good thing is, though big boss has changed, dividend of 4cents still able to manage. good news for those long term investors as myself.
Useful To Me  Not Useful To Me
wehuattogether88 Supreme	16-Apr-2019 12:54        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are risks everywhere, it depends on how the top management stir the ship and lead it.. I think CES will grow bigger and better with times with their slowly enlarging land banks... CELSupporter      ( Date: 16-Apr-2019 10:26) Posted: my two cents thought. so long as Raymond is still stay in CES, this is still status quo. lim family did not run company well, this is well known. not many years ago, lim families forced to ask Raymond to come back after Mr lim mentioned Raymond pursued his own interested a year. CES big risk is the melbourne fifteen85 project is not selling good, in singapore, they are pretty good. the high debt ratio could be lower down over these two years, since the high park, grandeur will be finished thse two years. park colo is selling more than 70%, this project is safe, no worried. another uncertainty or opportunity will be the new education sectors other than that, i do not see there is bigger risk and for their on hand land bank, CES has quite attractive cost price of getting the kampong java land piece and also the coming launch parc komo (changi garden )
Useful To Me  Not Useful To Me
CELSupporter Member	16-Apr-2019 10:26        CELSupporter About Contact  Quote this Post!
x 0   x 0  Alert Admin	my two cents thought. so long as Raymond is still stay in CES, this is still status quo. lim family did not run company well, this is well known. not many years ago, lim families forced to ask Raymond to come back after Mr lim mentioned Raymond pursued his own interested a year. CES big risk is the melbourne fifteen85 project is not selling good, in singapore, they are pretty good. the high debt ratio could be lower down over these two years, since the high park, grandeur will be finished thse two years. park colo is selling more than 70%, this project is safe, no worried. another uncertainty or opportunity will be the new education sectors other than that, i do not see there is bigger risk and for their on hand land bank, CES has quite attractive cost price of getting the kampong java land piece and also the coming launch parc komo (changi garden )
Useful To Me  Not Useful To Me
Qanghoo Supreme	16-Apr-2019 09:28        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	This yr god sd comin?  But I' ve avoided this stock since the Lims sold out.  I' m kiasu abt BW syndrome, even if it' s just my imagination ..... CELSupporter      ( Date: 16-Apr-2019 09:21) Posted: 2.2.2_CES_Pirie_Hotel_SA_Pty_Ltd_51_Pirie_St,_Adelaide_Report_and_Attachments.pdf ces Adelaide project
Useful To Me  Not Useful To Me
CELSupporter Member	16-Apr-2019 09:21        CELSupporter About Contact  Quote this Post!
x 0   x 0  Alert Admin	2.2.2_CES_Pirie_Hotel_SA_Pty_Ltd_51_Pirie_St,_Adelaide_Report_and_Attachments.pdf ces Adelaide project
Useful To Me  Not Useful To Me
CELSupporter Member	21-Mar-2019 10:05        CELSupporter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great news from the interest rate and for the property market. Especially, there is coming project to launch for CES - Kampong Java and the Changi Garden (Parc Komo) Bull cycle engin start! https://www.bloomberg.com/news/articles/2019-03-20/fed-sees-no-2019-hikes-plans-september-end-to-asset-drawdown
Useful To Me  Not Useful To Me
MichaelSchenker Master	07-Mar-2019 09:21        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reached 79 cents early morning, currently traded at 78.5 Target approaching.....again XD is still far away. Whichever comes first, will sell before XD or if it reaches my sell TP. MichaelSchenker      ( Date: 05-Mar-2019 16:16) Posted: Looking good, gradual rise is better than a surge. It was 60+ cents not too long ago. However, watch the XD date as it may be a dip. My Sell TP remains at 80 cents or slightly higher. Good Luck all! MichaelSchenker      ( Date: 23-Feb-2019 12:49) Posted: Agree, That is why I feel that CES is more for Investors rather than for those going in for a quick punt. Those going in for a long haul stand a higher chance of winning. Anything below 70 cents can start accumulating in future, although I doubt it will happen on Monday. Last done price on Friday was 72.5 cents
Useful To Me  Not Useful To Me
muifan Supreme	06-Mar-2019 14:33        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	Chart look good and should ride up with the 4c dividends ! Clear 78c will power up !
Useful To Me  Not Useful To Me
jm2212 Master	06-Mar-2019 13:23        jm2212 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Why is CES planning to do 3 yrs bond with 6% coupon? this seems to be very high unless there is no other avenue for them to borrow more fund?
Useful To Me  Not Useful To Me
MichaelSchenker Master	05-Mar-2019 16:16        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking good, gradual rise is better than a surge. It was 60+ cents not too long ago. However, watch the XD date as it may be a dip. My Sell TP remains at 80 cents or slightly higher. Good Luck all! MichaelSchenker      ( Date: 23-Feb-2019 12:49) Posted: Agree, That is why I feel that CES is more for Investors rather than for those going in for a quick punt. Those going in for a long haul stand a higher chance of winning. Anything below 70 cents can start accumulating in future, although I doubt it will happen on Monday. Last done price on Friday was 72.5 cents. wehuattogether88      ( Date: 23-Feb-2019 10:32) Posted: I think 4cents dividend for 70s cents plus stock is a bargain. Look at the projects they are still holding and the excellent FY results, I believed the stock price will go up in no time
Useful To Me  Not Useful To Me
wehuattogether88 Supreme	01-Mar-2019 11:25        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CES seriously into education and learning sector. Maybe to earn extra income Starship      ( Date: 28-Feb-2019 19:02) Posted: PROPOSED INVESTMENT IN INVICTUS INTERNATIONAL SCHOOL PTE. LTD. The Board of Directors of Chip Eng Seng Corporation Ltd. (the &ldquo Company&rdquo ) is pleased to announce that its subsidiary, White Lodge Education Group Services Pte. Ltd. (the &ldquo Purchaser&rdquo ) has today entered into: (a) a sale and purchase agreement (the &ldquo SPA&rdquo ) with Invictus International School Pte. Ltd. (the &ldquo Target&rdquo ) and certain shareholders of the Target (the &ldquo Sellers&rdquo ), to acquire all the ordinary shares held by the Sellers in the issued share capital of the Target for the aggregate fixed consideration of approximately S$4.5 million (the &ldquo Sale Shares Consideration&rdquo ), in accordance with the terms of the SPA (&ldquo the &ldquo Proposed Acquisition&rdquo ) and (b) a share subscription agreement (the &ldquo SSA&rdquo ) with the Target and Mr. John Anthony Fearon, as the management shareholder (" Management Shareholder" ), to subscribe for new ordinary shares in the Target for the subscription price of S$5 million (the &ldquo Subscription Shares Consideration&rdquo ), in accordance with the terms of the SSA (the &ldquo Proposed Subscription&rdquo ), such that the Purchaser will hold 64.64% of the issued share capital of the Target immediately after the completion of the Proposed Acquisition and the Proposed Subscription (collectively, the &ldquo Proposed Investment&rdquo ). The Company' s effective interest in the Proposed Investment will be 45.25%.  https://links.sgx.com/FileOpen/Proposed%20Investment%20in%20Invictus%20Intl%20Sch%20PL.ashx?App=Announcement& FileID=545576
Useful To Me  Not Useful To Me
helloisme Veteran	01-Mar-2019 11:10        helloisme About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was > $1 2018 ....tilll ....... came now quite fast. Any chance to go above $1 again ?
Useful To Me  Not Useful To Me
Starship Supreme	28-Feb-2019 19:02        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	PROPOSED INVESTMENT IN INVICTUS INTERNATIONAL SCHOOL PTE. LTD. The Board of Directors of Chip Eng Seng Corporation Ltd. (the &ldquo Company&rdquo ) is pleased to announce that its subsidiary, White Lodge Education Group Services Pte. Ltd. (the &ldquo Purchaser&rdquo ) has today entered into: (a) a sale and purchase agreement (the &ldquo SPA&rdquo ) with Invictus International School Pte. Ltd. (the &ldquo Target&rdquo ) and certain shareholders of the Target (the &ldquo Sellers&rdquo ), to acquire all the ordinary shares held by the Sellers in the issued share capital of the Target for the aggregate fixed consideration of approximately S$4.5 million (the &ldquo Sale Shares Consideration&rdquo ), in accordance with the terms of the SPA (&ldquo the &ldquo Proposed Acquisition&rdquo ) and (b) a share subscription agreement (the &ldquo SSA&rdquo ) with the Target and Mr. John Anthony Fearon, as the management shareholder (" Management Shareholder" ), to subscribe for new ordinary shares in the Target for the subscription price of S$5 million (the &ldquo Subscription Shares Consideration&rdquo ), in accordance with the terms of the SSA (the &ldquo Proposed Subscription&rdquo ), such that the Purchaser will hold 64.64% of the issued share capital of the Target immediately after the completion of the Proposed Acquisition and the Proposed Subscription (collectively, the &ldquo Proposed Investment&rdquo ). The Company' s effective interest in the Proposed Investment will be 45.25%.  https://links.sgx.com/FileOpen/Proposed%20Investment%20in%20Invictus%20Intl%20Sch%20PL.ashx?App=Announcement& FileID=545576
Useful To Me  Not Useful To Me
Starship Supreme	23-Feb-2019 14:03        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	To the Moon.......................... Chip Eng Seng Corp doubles Q4 profits to S$26.6 million on condo project turnover FRI, FEB 22, 2019 - 10:20 PM MAINBOARD-LISTED construction group Chip Eng Seng Corp more than doubled its profits in the fourth quarter, on the back of both revenue growth and heftier contributions from associates. Net profit jumped by 102.4 per cent to S$26.6 million for the three months to Dec 31, 2018, up from S$13.1 million the previous year, according to results released on Friday. This tracked a 26.6 per cent rise in revenue, to S$245.5 million, as well as a quintupled share of results from associates, which came in at S$2.55 million, from just S$390,000 before. The higher turnover was driven by  the progressive recognition of property division contributions from High Park Residences,  Grandeur Park Residences and Park Colonial, which are condominium projects in Singapore, as well as the sale of property in Australia. These revenues, along with contributions from a resort in the Maldives and two new hotels in Australia, helped to make up for the lower revenue in construction, where some projects are almost finished. Earnings per share for the quarter was  4.25 Singapore cents, against 2.11 Singapore cents previously. For the full year, net profit grew by 92.8 per cent to S$63.1 million, with revenue higher by 44.9 per cent, to S$828.6 million. Chip Eng Seng said in its outlook statement that the Singapore property market is still expected to be challenged by the impact of cooling measures and rising interest rates on private home prices. Meanwhile, it plans to  tender for public non-housing and  civil engineering projects in its construction segment, " to reduce its over-reliance on the increasingly competitive public housing sector" , it said. The construction order book stood at S$425.5 million as at end-2018. The board has recommended a dividend of four Singapore cents a share, the same as in the year prior. https://www.businesstimes.com.sg/companies-markets/chip-eng-seng-corp-doubles-q4-profits-to-s266-million-on-condo-project-turnover
Useful To Me  Not Useful To Me
wehuattogether88 Supreme	23-Feb-2019 13:28        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If u notice, the past few days, some BBs are already accumulating. And the stock price is slowly appreciating due to demand and buyers coming in. I think come Monday, the stock will go UP further but note that this stock is not for contra traders, it?s more for longists and long term investors. MichaelSchenker      ( Date: 23-Feb-2019 12:49) Posted: Agree, That is why I feel that CES is more for Investors rather than for those going in for a quick punt. Those going in for a long haul stand a higher chance of winning. Anything below 70 cents can start accumulating in future, although I doubt it will happen on Monday. Last done price on Friday was 72.5 cents. wehuattogether88      ( Date: 23-Feb-2019 10:32) Posted: I think 4cents dividend for 70s cents plus stock is a bargain. Look at the projects they are still holding and the excellent FY results, I believed the stock price will go up in no time
Useful To Me  Not Useful To Me
MichaelSchenker Master	23-Feb-2019 12:49        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, That is why I feel that CES is more for Investors rather than for those going in for a quick punt. Those going in for a long haul stand a higher chance of winning. Anything below 70 cents can start accumulating in future, although I doubt it will happen on Monday. Last done price on Friday was 72.5 cents. wehuattogether88      ( Date: 23-Feb-2019 10:32) Posted: I think 4cents dividend for 70s cents plus stock is a bargain. Look at the projects they are still holding and the excellent FY results, I believed the stock price will go up in no time . MichaelSchenker      ( Date: 23-Feb-2019 09:53) Posted: Frankly, this counter was previously not in my radar until recently when there is a significant change in SSHs. If not mistaken, some familiar names are among the board, and I cannot agree it is a S-chip. And if the dividend has been consistently good, those who held long term would have profited. More importantly is looking ahead now. My gut-feel is that the outlook is good. Celine Tang is not a new face here, just that she has kept a Low-profile. More prominent in SingHaiyi group.  Your money, your call.
Useful To Me  Not Useful To Me
wehuattogether88 Supreme	23-Feb-2019 10:32        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think 4cents dividend for 70s cents plus stock is a bargain. Look at the projects they are still holding and the excellent FY results, I believed the stock price will go up in no time . MichaelSchenker      ( Date: 23-Feb-2019 09:53) Posted: Frankly, this counter was previously not in my radar until recently when there is a significant change in SSHs. If not mistaken, some familiar names are among the board, and I cannot agree it is a S-chip. And if the dividend has been consistently good, those who held long term would have profited. More importantly is looking ahead now. My gut-feel is that the outlook is good. Celine Tang is not a new face here, just that she has kept a Low-profile. More prominent in SingHaiyi group.  Your money, your call.. Qanghoo      ( Date: 23-Feb-2019 07:55) Posted: Actually, this coy' s div had been 4c or more for the past 8 yrs at least.  Yet, there were long periods that it traded < 70c.
Useful To Me  Not Useful To Me
MichaelSchenker Master	23-Feb-2019 09:53        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Frankly, this counter was previously not in my radar until recently when there is a significant change in SSHs. If not mistaken, some familiar names are among the board, and I cannot agree it is a S-chip. And if the dividend has been consistently good, those who held long term would have profited. More importantly is looking ahead now. My gut-feel is that the outlook is good. Celine Tang is not a new face here, just that she has kept a Low-profile. More prominent in SingHaiyi group.  Your money, your call.. Qanghoo      ( Date: 23-Feb-2019 07:55) Posted: Actually, this coy' s div had been 4c or more for the past 8 yrs at least.  Yet, there were long periods that it traded < 70c.  MichaelSchenker      ( Date: 23-Feb-2019 02:04) Posted: 4 cents dividend for a 70 cents stock is quite a good deal. Expect it to go up some more. 80 cents should come easily before XD.  Holders should not sell below 80 cents, just collect dividends, afterall quite consistent past few years. Congrats in advance!
Useful To Me  Not Useful To Me
Qanghoo Supreme	23-Feb-2019 07:55        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually, this coy' s div had been 4c or more for the past 8 yrs at least.  Yet, there were long periods that it traded < 70c.  MichaelSchenker      ( Date: 23-Feb-2019 02:04) Posted: 4 cents dividend for a 70 cents stock is quite a good deal. Expect it to go up some more. 80 cents should come easily before XD.  Holders should not sell below 80 cents, just collect dividends, afterall quite consistent past few years. Congrats in advance!
Useful To Me  Not Useful To Me

                                                         First   < Newer   101-120 of 1642   Older>   Last