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ChipEngS - Low PE, High Yield and High NAV in One Post Reply Rate topic
blurtrader Master	18-Sep-2015 13:25        blurtrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	that i aint sure....   i think its at oversold region now, and weird that there is no movement today Jimmykohkk      ( Date: 18-Sep-2015 12:09) Posted: i tot residential condo is revenue and profit  is  progressive ? only industrial then is one lump sum upon TOP? blurtrader      ( Date: 18-Sep-2015 11:58) Posted: profits can only be locked on high park residences TOP   FYI
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Jimmykohkk Master	18-Sep-2015 12:09        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	i tot residential condo is revenue and profit  is  progressive ? only industrial then is one lump sum upon TOP? blurtrader      ( Date: 18-Sep-2015 11:58) Posted: profits can only be locked on high park residences TOP   FYI tangsookiam1947      ( Date: 17-Sep-2015 20:04) Posted: http://www.theedgeproperty.com.sg/tags/high-park-residences   High Park Residences continued to be the best selling project with 76 units sold at a median price of $933 psf in August, following its strong sales of 1,169 units in July. The performance can be attributed to the affordable price and close proximity to The Seletar Mall. Botanique At Bartley maintained its second spot with 30 units sold at a median price of $1,282 psf in August, compared to the 63 units sold in July at a similar median price psf.
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blurtrader Master	18-Sep-2015 11:58        blurtrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	profits can only be locked on high park residences TOP   FYI tangsookiam1947      ( Date: 17-Sep-2015 20:04) Posted: http://www.theedgeproperty.com.sg/tags/high-park-residences   High Park Residences continued to be the best selling project with 76 units sold at a median price of $933 psf in August, following its strong sales of 1,169 units in July. The performance can be attributed to the affordable price and close proximity to The Seletar Mall. Botanique At Bartley maintained its second spot with 30 units sold at a median price of $1,282 psf in August, compared to the 63 units sold in July at a similar median price psf.
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blurtrader Master	18-Sep-2015 10:51        blurtrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think will go up   property play now
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tangsookiam1947 Master	17-Sep-2015 20:04        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.theedgeproperty.com.sg/tags/high-park-residences   High Park Residences continued to be the best selling project with 76 units sold at a median price of $933 psf in August, following its strong sales of 1,169 units in July. The performance can be attributed to the affordable price and close proximity to The Seletar Mall. Botanique At Bartley maintained its second spot with 30 units sold at a median price of $1,282 psf in August, compared to the 63 units sold in July at a similar median price psf.
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tangsookiam1947 Master	17-Sep-2015 15:47        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	KSH spiked from 46.5 cents to 60.5 cents, before settling down at around 55 cents today. KSH only had 20% share of High Park Residence profit while CES had 60%. Mr Market will soon react to CES massive profits from high park residence....
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tangsookiam1947 Master	16-Sep-2015 20:46        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	High Park Residence is 87% sold! In this kind of weak market, this is a very remarkable achievement!!!
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Qanghoo Supreme	11-Sep-2015 17:56        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Governance n transparency personified !!!!! Great stuff indeed.  lsk007      ( Date: 11-Sep-2015 17:39) Posted: well, does it strike you that you might be Mr Market instead? There are good reasons why this share is not on the up despite the good signs and news. But somehow only some privileged people know these reasons. its sad that Mr Markets are the ones who are taking over the time bomb without these extra info. tangsookiam1947      ( Date: 06-Sep-2015 21:33) Posted: With the completion of A& A works at San Centre by end of 2014 and the commissioning of Alexandra Park Hotel in mid-2015, the recurring income from investment properties has been strongly boosted. The preliminary estimate is as follows:- Park Hotel When hotel TOPs in mid-2015, it will be passed over to Park Royal Group for management. $100 (per room per day) x 450 (capacity) x 365 days x 0.83 (tax rate) = $13.6 mil (net income per year) Refurbished San Centre Rental income = 131 895 Sq Ft (GFA) x 0.8 (8 floors out of 10 will be rented out) x 0.8 (efficiency factor) x $5 PSF per mth x 12 mths x 0.83 (tax rate) = $4.2 mil (net income per year) 420 St Kilda Rd - Office Building in CBD Melbourne Rental income = 8% (rental yield) x A$45.3 mil x 1.0 (exchange rate) x 0.83 = $3.0 mil (net income per year) Total rental income from above 3 investment properties = $20.8 mil per year (excluding all the other smaller investment properties*) *Industrial building at Ubi, shop houses at Geylang and Tanjong Pagar, boarding hotel at Geylang. Given the above rental revenue from investment properties coupled with the existing 4 cents EPS from construction arm (per year), it is quite reasonable to assume that CES would be able to provide 4 cents baseline dividend going forward.   At the current share price of only 62 cents, sustainable dividend yield is 6.45%. Mr Market has completed ignored its RNAV of $2.15 (if TM project is included) or RNAV of $1.95 (if TM project is excluded). Current price share is trading at 32% or discount of 68% to the future RNAV of $1.95 (TM not included). Mr Market must be quite insane and irrational. Is it time to  be greedy when market is fearful?
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lsk007 Senior	11-Sep-2015 17:39        lsk007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	well, does it strike you that you might be Mr Market instead? There are good reasons why this share is not on the up despite the good signs and news. But somehow only some privileged people know these reasons. its sad that Mr Markets are the ones who are taking over the time bomb without these extra info. tangsookiam1947      ( Date: 06-Sep-2015 21:33) Posted: With the completion of A& A works at San Centre by end of 2014 and the commissioning of Alexandra Park Hotel in mid-2015, the recurring income from investment properties has been strongly boosted. The preliminary estimate is as follows:- Park Hotel When hotel TOPs in mid-2015, it will be passed over to Park Royal Group for management. $100 (per room per day) x 450 (capacity) x 365 days x 0.83 (tax rate) = $13.6 mil (net income per year) Refurbished San Centre Rental income = 131 895 Sq Ft (GFA) x 0.8 (8 floors out of 10 will be rented out) x 0.8 (efficiency factor) x $5 PSF per mth x 12 mths x 0.83 (tax rate) = $4.2 mil (net income per year) 420 St Kilda Rd - Office Building in CBD Melbourne Rental income = 8% (rental yield) x A$45.3 mil x 1.0 (exchange rate) x 0.83 = $3.0 mil (net income per year) Total rental income from above 3 investment properties = $20.8 mil per year (excluding all the other smaller investment properties*) *Industrial building at Ubi, shop houses at Geylang and Tanjong Pagar, boarding hotel at Geylang. Given the above rental revenue from investment properties coupled with the existing 4 cents EPS from construction arm (per year), it is quite reasonable to assume that CES would be able to provide 4 cents baseline dividend going forward.   At the current share price of only 62 cents, sustainable dividend yield is 6.45%. Mr Market has completed ignored its RNAV of $2.15 (if TM project is included) or RNAV of $1.95 (if TM project is excluded). Current price share is trading at 32% or discount of 68% to the future RNAV of $1.95 (TM not included). Mr Market must be quite insane and irrational. Is it time to  be greedy when market is fearful?
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tangsookiam1947 Master	06-Sep-2015 21:33        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With the completion of A& A works at San Centre by end of 2014 and the commissioning of Alexandra Park Hotel in mid-2015, the recurring income from investment properties has been strongly boosted. The preliminary estimate is as follows:- Park Hotel When hotel TOPs in mid-2015, it will be passed over to Park Royal Group for management. $100 (per room per day) x 450 (capacity) x 365 days x 0.83 (tax rate) = $13.6 mil (net income per year) Refurbished San Centre Rental income = 131 895 Sq Ft (GFA) x 0.8 (8 floors out of 10 will be rented out) x 0.8 (efficiency factor) x $5 PSF per mth x 12 mths x 0.83 (tax rate) = $4.2 mil (net income per year) 420 St Kilda Rd - Office Building in CBD Melbourne Rental income = 8% (rental yield) x A$45.3 mil x 1.0 (exchange rate) x 0.83 = $3.0 mil (net income per year) Total rental income from above 3 investment properties = $20.8 mil per year (excluding all the other smaller investment properties*) *Industrial building at Ubi, shop houses at Geylang and Tanjong Pagar, boarding hotel at Geylang. Given the above rental revenue from investment properties coupled with the existing 4 cents EPS from construction arm (per year), it is quite reasonable to assume that CES would be able to provide 4 cents baseline dividend going forward.   At the current share price of only 62 cents, sustainable dividend yield is 6.45%. Mr Market has completed ignored its RNAV of $2.15 (if TM project is included) or RNAV of $1.95 (if TM project is excluded). Current price share is trading at 32% or discount of 68% to the future RNAV of $1.95 (TM not included). Mr Market must be quite insane and irrational. Is it time to  be greedy when market is fearful?
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tangsookiam1947 Master	30-Aug-2015 11:31        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With the completion of A& A works at San Centre by end of 2014 and the commissioning of Alexandra Park Hotel in mid-2015, the recurring income from investment properties has been strongly boosted. The preliminary estimate is as follows:- Park Hotel When hotel TOPs in mid-2015, it will be passed over to Park Royal Group for management. $100 (per room per day) x 450 (capacity) x 365 days x 0.83 (tax rate) = $13.6 mil (net income per year) Refurbished San Centre Rental income = 131 895 Sq Ft (GFA) x 0.8 (8 floors out of 10 will be rented out) x 0.8 (efficiency factor) x $5 PSF per mth x 12 mths x 0.83 (tax rate) = $4.2 mil (net income per year) 420 St Kilda Rd - Office Building in CBD Melbourne Rental income = 8% (rental yield) x A$45.3 mil x 1.0 (exchange rate) x 0.83 = $3.0 mil (net income per year) Total rental income from above 3 investment properties = $20.8 mil per year (excluding all the other smaller investment properties*) *Industrial building at Ubi, shop houses at Geylang and Tanjong Pagar, boarding hotel at Geylang. Given the above rental revenue from investment properties coupled with the existing 4 cents EPS from construction arm (per year), it is quite reasonable to assume that CES would be able to provide 4 cents baseline dividend going forward.   At the current share price of only 64 cents, sustainable dividend yield is 6.25%.   Mr Market has completed ignored its RNAV of $2.15 (if TM project is included) or RNAV of $1.95 (if TM project is excluded).   Applying a very steep discount of 35% to RNAV of $1.95 (excluding TM project), we arrive at $1.27.   Current price share is trading at 50% to $1.27 (very steeply discounted RNAV from original RNAV of $2.15).   Mr Market must be quite insane and irrational. Is it time to  be greedy when market is fearful?
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Qanghoo Supreme	28-Aug-2015 20:30        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully, they dish out 2c SD again.  If so, div yield close to 10%.  N I hope they force the px back to 57 or lower again.  That' d be wonderful time to close eyes in sapu.
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tangsookiam1947 Master	28-Aug-2015 19:06        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Year end NAV is going to hit around $1.50. Applying a very conservative discount of price to book ratio of only 50%, we get around 75 cents. currently, CES is trading at a very depressed price to book ratio of only 0.55, with dividend yield of 6.25% (based on today' s ending price of 64 cents).
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Lionel84 Member	28-Aug-2015 09:29        Lionel84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	just curious, how you deduce the range to be 70-75 cents ya? By TA? tangsookiam1947      ( Date: 28-Aug-2015 09:09) Posted: should probably rebound back to the 70 - 75 cents and then range there.Then in early part of 2016, then it would likely move towards back to 80 to 85 range because of the expectation of the hotel revaluation gain of 25 cents, giving a one shot boost to the NAV!!!
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tangsookiam1947 Master	28-Aug-2015 09:09        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	should probably rebound back to the 70 - 75 cents and then range there.Then in early part of 2016, then it would likely move towards back to 80 to 85 range because of the expectation of the hotel revaluation gain of 25 cents, giving a one shot boost to the NAV!!!
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rayoflight Veteran	27-Aug-2015 23:49        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	bought 20k @ 0.650 today.. high chance for rebound.
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tangsookiam1947 Master	27-Aug-2015 19:39        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With reference to page 128 and 129 of Annual Report 2014, CES revenue from investment properties have been on a significant rise. FY13 - $2.3mil FY14 - $5.9 mil 2H/FY15 - $6.0mil. Full year FY15 (forecast) = ~ $20mil.   Bearing in mind that its maiden hotel had only commenced operations for 1.5 months, the monthly revenue from hotel is expected to be in the region of $1 to $1.5mil. Also, the CES centre has not reached its full occupancy rate as yet. In CES 2015 Q2 results, the company had reiterated that when opportunities arise, the Group will acquire commercial buildings to generate more recurring incomes for the Group, given that with interest and exchange rates heading south, Australia properties remain attractive.
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tangsookiam1947 Master	27-Aug-2015 16:49        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	could sense that a massive and mad stampede for short covering is coming!!!
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blurtrader Master	27-Aug-2015 16:03        blurtrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	already sold at 62.5 this morning... sian
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Lionel84 Member	27-Aug-2015 16:01        Lionel84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	flush out all the shortists or ppl who are deliberately pushing down this counter...
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