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Latest Forum Topics / Chip Eng Seng  Post Reply
ChipEngS - Low PE, High Yield and High NAV in One
HazardKoh
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03-Nov-2015 20:53     
 
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Value investing = more than 2 years horizontal. Within this 2 years, u wun look at the share price, u wun be selling unless some BBs decide to fly ur counters .

So value investing 2 to 3 years  vs trading 1day to 3 mths.

CES = value investing
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HazardKoh
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03-Nov-2015 20:50     
 
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If u look at Hock Lian Seng at the end of 2014, share price was 28 cents, NTA was around 25 cents.

Everyone knows there will be 2 industrial building TOPing in 2015 , Ark@ gambas and Ark@KK.. And everyone knows when the 2 building TOPs, the NTA of HLS will rocket.

But is only when the TOP actually occured in the 1st half of 2015 did HLS share price started to race towards the NTA.

Same for Chip Eng Seng, we all know it' s RNAV is much higher but is going to take a few years. Usually most investors  have short term view and would not be vested so soon as one factor we need to take account is opportunity costs.

So if u have a 2-3 years holding power and  view,  and u do not want to trade in shares anymore, then CES will be the choice for u to park u $$$ in. But if u are thinking short term and u want to buy and sell shares with a timespan of say 3-6 mths, then CES  may not be suitable becos the share price will be sort of slow but steady type.

But the problem now is all those long term investors must have already bought CES and keeping the shares for long term views. So we cant possibly have long term investors coming to buy CES everyday, thats why the share price is quite stagnant.

CES cant be compared to shares like Yuuzoo or Ezra where the nature of the trading is short term and u can attract huge volumes everyday becos is basically in-out operation everyday.

Thats is my view on why even though CES RNAV maybe $2 but share price is still sluggish. But dun worry, if u can hold on to CES for 2-3 years, the share price will slowly go up as more and more profit are recognised progressively.

Cheers
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bishan22
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03-Nov-2015 13:58     
 
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3rd attempt at 715. Eh sai boh........

sunview      ( Date: 26-Oct-2015 13:33) Posted:



Yes interesting at $0.705 ! Another attempt to break up ???

But volume still low. If can hold above $0.71/0.715 at more convincing volume, next targets 0.75 then 0.80.

Tried to do that last Tuesday without success.

 

 

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tangsookiam1947
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30-Oct-2015 09:03     
 
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Without considering all the aussie projects, the RNAV of CES is set to hit $1.80 when High Park Residence is completed in a few years time.

This RNAV should not be subject to much discount because profits are almost 100% locked in because High Park Residence is already ~90% sold.

 

If TM and other aussie projects profits are included, RNAV is easily more than > $2.00.

When Mr Market " mis-prices" CES, it is best time to accumulate. By the time, Mr Market " right-prices" CES, it would probably be more than $1.20.
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Qanghoo
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27-Oct-2015 21:01     
 
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Lately, I came to the conclusion that one reason for this baby not growing is the uncertainty hanging over the TM project.  But seems a good chance that they will overcome the legal challenge.  If that is settled in their favour, say in a few mths, my gut feel is that px will chiong again.  I also believe that, with the local economy needing a boosting shot,  likely that infrastructural n constn projects might be accellerated, n this cld be positive for coys like CES, LB, KSH n HLS.  Another boost for constn which cld help the economy is through some rejuvenation of the property mkt.  Thus, my oown view is that there cld be some tweaking of the PCM (property cooling measures) within the next 12 mths.  If so, this again cld be positive for the aforesaid coys.  I' m not vested in CES now, but might take the plunge again cos  the situation  seems to be getting brighter gradually.  DYODD though. 

bishan22      ( Date: 27-Oct-2015 11:09) Posted:



No good news... it failed to move up again. 

sunview      ( Date: 26-Oct-2015 13:33) Posted:



Yes interesting at $0.705 ! Another attempt to break up ???

But volume still low. If can hold above $0.71/0.715 at more convincing volume, next targets 0.75 then 0.80.

Tried to do that last Tuesday without success.

 

 


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bishan22
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27-Oct-2015 11:09     
 
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No good news... it failed to move up again. 

sunview      ( Date: 26-Oct-2015 13:33) Posted:



Yes interesting at $0.705 ! Another attempt to break up ???

But volume still low. If can hold above $0.71/0.715 at more convincing volume, next targets 0.75 then 0.80.

Tried to do that last Tuesday without success.

 

 

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hfjdhy
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26-Oct-2015 18:03     
 
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Good observation. Both holding 25% in the Vietnam investment so must be a good deal for the overall JV for the rest of the listed co. 
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Lionel84
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26-Oct-2015 16:58     
 
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most probably due to the property market sentiments i guess...

compared to other property stocks, this one got depressed the most for no reason after dividend was distributed, probably that explains the stronger bounce back

most imptly, CES has strong fundamentals, and in the long term view, i' m seeing the demand for property back up again

nphp1117      ( Date: 26-Oct-2015 10:24) Posted:



Interesting. This one and Lian Beng.... shows strong balance sheet. NAV  and  EPS  are up YOY. But price/NAV is down YOY. What is a reason? Though I am vested in this, wish to know reason. Anyone can explain. :-)

Qanghoo      ( Date: 25-Oct-2015 14:33) Posted:



I seem to recall there was supposed to be some proceeds from the sale of some properties in Victoria Street (Melbourne) to be recognised in 2016 too?  Cld be worth a few cents a share?  This seems a very undervalued stock.  But I am no longer vested cos of the way the px has been pinned down. 


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sunview
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26-Oct-2015 13:33     
 
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Yes interesting at $0.705 ! Another attempt to break up ???

But volume still low. If can hold above $0.71/0.715 at more convincing volume, next targets 0.75 then 0.80.

Tried to do that last Tuesday without success.

 

 
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nphp1117
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26-Oct-2015 10:24     
 
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Interesting. This one and Lian Beng.... shows strong balance sheet. NAV  and  EPS  are up YOY. But price/NAV is down YOY. What is a reason? Though I am vested in this, wish to know reason. Anyone can explain. :-)

Qanghoo      ( Date: 25-Oct-2015 14:33) Posted:



I seem to recall there was supposed to be some proceeds from the sale of some properties in Victoria Street (Melbourne) to be recognised in 2016 too?  Cld be worth a few cents a share?  This seems a very undervalued stock.  But I am no longer vested cos of the way the px has been pinned down. 

tangsookiam1947      ( Date: 25-Oct-2015 10:51) Posted:



A lot of people totally forgot about the revaluation gain from its Alex hotel,  which is in the regon of ~25 cents


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Qanghoo
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25-Oct-2015 14:33     
 
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I seem to recall there was supposed to be some proceeds from the sale of some properties in Victoria Street (Melbourne) to be recognised in 2016 too?  Cld be worth a few cents a share?  This seems a very undervalued stock.  But I am no longer vested cos of the way the px has been pinned down. 

tangsookiam1947      ( Date: 25-Oct-2015 10:51) Posted:



A lot of people totally forgot about the revaluation gain from its Alex hotel,  which is in the regon of ~25 cents

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tangsookiam1947
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25-Oct-2015 10:51     
 
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A lot of people totally forgot about the revaluation gain from its Alex hotel,  which is in the regon of ~25 cents
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tangsookiam1947
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23-Oct-2015 01:19     
 
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NAV at end of 2015   $                                                                            1.50
2016 EPS   $                                                                            0.18
Fernvale   $                                                                            0.18
TM project   $                                                                            0.20
RNAV   $                                                                            2.06
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hfjdhy
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23-Oct-2015 00:10     
 
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With Keong Hong too

Jimmykohkk      ( Date: 22-Oct-2015 20:33) Posted:



With ah lian ah beng too

tangsookiam1947      ( Date: 22-Oct-2015 20:29) Posted:



CES into Vietnam with KSH and others :)


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Jimmykohkk
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22-Oct-2015 20:33     
 
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With ah lian ah beng too

tangsookiam1947      ( Date: 22-Oct-2015 20:29) Posted:



CES into Vietnam with KSH and others :)

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tangsookiam1947
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22-Oct-2015 20:29     
 
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CES into Vietnam with KSH and others :)
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rayoflight
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21-Oct-2015 11:58     
 
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i hope it can drop back and let me collect cheap cheap again haha
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tangsookiam1947
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21-Oct-2015 10:34     
 
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RNAV more than $2.

Can anyone find another more under valued developer , other than CES?
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tangsookiam1947
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21-Oct-2015 08:57     
 
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Originally Posted by Qantas743
From Grollo at Urban Melbourne:

CES won the latest Supreme Court case against Colonial Range and the case now goes back to the building appeals board for final orders in relation to the demolition permit. The Supreme court cases have been about technical details relating to the operation of the Building Act and the role of the building appeals tribunal.
 
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tangsookiam1947
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19-Oct-2015 19:29     
 
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High Park residence is 90%  sold.

 

Which developer can match this?
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