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OUE LTD worth buying for long term
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WanSiTong
Supreme |
29-Nov-2015 10:22
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Sharing an article by David Kuo ~ Our unique Foolish take on what' s really happening on the stock market. Investing Lessons From A Bowl Of Fish Soup Noodles Yum! Slurp! There is nothing quite like a steaming bowl of Fish Soup Noodles, when it comes to local comfort food. Fish Soup Noodles have been around in Singapore for about as long as I can remember. And I am old enough to remember a lot. They are as readily available as, Hainanese Chicken Rice and Bak Kut Teh. But for some inexplicable reason, they do not quite share the same cachet as the other two. That said, lots of hawkers, dedicated eateries and even some well-established restaurants all claim to serve the best, if not the definitive, Fish Soup Noodles. How much? Prices can vary a lot, though. It can cost between a few dollars at some hawker centres to around $ 20 at some restaurants. So how much should you pay for a bowl of bee hoon in milky fish broth? Putting a price on it is not easy. It can be almost as difficult as putting a price on a share that you might like to buy. We could go down the relative valuation route, if we want. In other words, we could look at the prices charged by the different establishments for comparison. Effectively, we are pitting one restaurant' s price with that of another. It is then a straightforward matter to arrive at a conclusion - whether rightly or wrongly - that the one with the lowest price could be the one that offers the best value. Relatively easy Relative valuation is simple, which is why many of us like to use it. Just think about the way we compare insurance quotations, annuity rates, interest paid on savings accounts and the cost of airline tickets. Some of us value shares in a similar fashion. We might compare, say, a bank such as DBS Group with its peers such as Oversea-Chinese Banking Corporation or United Overseas Bank, to draw some conclusions about which could offer better value. But back to my Fish Soup Noodles, which is where I would rather be. How could we possibly know if all the prices are too expensive, at the same time? In other words how would we know that we are not being overcharged, even if we should choose the cheapest? Absolutely easy One way around the problem is to use absolute valuation, which is the antithesis of relative valuation. In the case of the Fish Soup Noodles, we could estimate how much the ingredients might cost and where the eatery is situated. Then add on an appropriate amount for labour and profit, and we should have some idea of fair value. The point about absolute valuation is that it does not depend on pitting one cook against another chef. But we do need to work out if the fish used is pomfret, snakehead or grouper. Our toolkit Absolute valuation can also be used to value shares. We should all have it somewhere in our tool kit. Here' s why. Warren Buffett once said: " Investing is an activity of forecasting the yield of an asset over the lifetime of the asset." With absolute valuation, we are not at the mercy of the whims and of the market. Instead we can invest, comfortable in the knowledge that we are reaping the yields of assets, regardless of what the market might be doing. Is not that what investing is all about? As Benjamin Graham once noted: " You are neither right nor wrong because the market agrees with you You are right because your analysis is correct.." In case you are wondering, my favourite Fish Soup Noodles is prepared by an eatery that is just a stone' s throw from Bugis Junction. Where is yours?
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ecekca
Elite |
28-Nov-2015 11:07
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Yes agreed. Corporations like to set up a lots of vehicles/entities etc for various reasons which one cannot explain too
It not because they are making it efficient anyway ( cos i also working in one right now)
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ecekca
Elite |
28-Nov-2015 11:03
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Okie tx. Looks good
So what the strategy that one should buy ?
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noslen
Veteran |
27-Nov-2015 15:56
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As for the ownership of OUE majority stake of 68.52%, Lippo ASM Asia Property Limited, a principal joint venture of HKC (Hongkong Chinese Limited), is the vehicle holding the controlling stake of OUE. And HKC is also part of Lippo Group. They have a very complicated structure that is very confusing to shareholders like us, the above is one and then there' s also the Lippo China Resources Limited (LCR) that sold one of their subsidiaries to Gemdale Properties in exchange for shares of Gemdale Properties. Well, remember OUE purchase a stake of Gemdale last year? There seems to be alot going on behind the scenes but nothing been shared with shareholders, so that kind of explain why the share price is not moving, no catalyst to push it up... And looking at Lippo Group result announced this morning, they don' t seem to be doing well themselves thus don' t think they will take OUE private. Even the share buy-back has stopped since September and only 0.724% bought with the maximum share authorised to purchase is 10%. Initially thought it was because of the blackout period but it has not continue since the result is out. |
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noslen
Veteran |
27-Nov-2015 15:35
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If you are wondering, whatever happen to the Korea integrated resort, it' s still not dead but it' s not moving that much ahead either. From Lippo Group' s interim result announcement this morning - The Group together with other joint venture partners (the &ldquo Consortium&rdquo ), namely OUE and Caesars Entertainment Corporation (&ldquo Caesars&rdquo ), a company listed on the NASDAQ Stock Market, planned to design, develop, construct and own an integrated resort located in Incheon, Korea which will include, inter alia, hotels and service apartments (the &ldquo IR Project&rdquo ). The joint venture entity is intended to be owned by the Group as to 20 per cent, as to 40 per cent. by OUE and as to 40 per cent. by Caesars. Discussions and planning in respect of the IR Project are in progress. The IR Project is subject to the satisfaction of a number of conditions, including without limitation, the completion of the conditional land sale and purchase agreement entered into by the Consortium in December 2014 in respect of the acquisition of certain land lots within the MIDAN City, Incheon, Korea for the IR Project and the parties&rsquo entry into definitive transaction documentation for the IR Project on mutually agreeable terms. As at the date of this report, no definitive transaction documentation for the IR Project has been entered into by the Consortium. |
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WanSiTong
Supreme |
27-Nov-2015 11:52
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Group at a glance Commercial - OUE Bayfront, OUE Downtown, One Raffles Place, U.S. Bank Tower, Lippo Plaza Hospitality - Mandarin Orchard S' pore, Crown Plaza Changi Aorport, Marina Mandarin S' pore , Meritus Pelangi Beach Resort Retail - Mandarin Gallery Residrntial - OUE Twin Peaks As at 30.9.15 : NAV per share : $ 4.35 Total assets : $7,140 million Total Liabilities : $ 2,616 Million Net assets $ 4,524 million Cash and cash equivalents $ 418 million
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ecekca
Elite |
27-Nov-2015 11:12
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Agreed w u on that
My concern is the owner. Indon family. How the assets like ? Good quality ?
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WanSiTong
Supreme |
27-Nov-2015 11:03
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This is a value stock worth your bet....if you have patience and holding power.
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ecekca
Elite |
27-Nov-2015 10:56
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Mine is from bloomberg terminal. As of now
Sitong, any advice on this stock? do u think this is good or worthwhile to get it ?
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WanSiTong
Supreme |
27-Nov-2015 08:28
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ecekca
Elite |
27-Nov-2015 08:17
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Major shareholder is not Argyle Street Management Holdings Ltd Major shareholder is OUE Realty Pte Ltd - 55.63% Golden Concord Asia - 12.89 % These 2 are related. Total = 68.52% |
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victortan
Elite |
26-Nov-2015 23:02
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Hope so, but if they got close to 90%, the game belong to them, what can we do? They will pay you peanut., say 2.1, look at tiger airway, small investor suffer.
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WanSiTong
Supreme |
26-Nov-2015 21:24
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Vested, yes! it' s my dream too....
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ecekca
Elite |
26-Nov-2015 21:06
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NAV is 4.3 as of 30th June 2016. P/B at 0.416
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ecekca
Elite |
26-Nov-2015 21:03
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Argyle Street Management Holdings Ltd is a private equity fund. weird
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noslen
Veteran |
26-Nov-2015 14:42
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Is this a joke by OUE?
SINGAPORE - Ascendas Land (Singapore) has won the tender to purchase the Central Provident Fund Board (CPF) building at 79 Robinson Road. Southernwood Property, which belongs to Southernwood Holding, in turn wholly owned by Ascendas Land, had submitted the highest bid of $550 million when the tender closed on Oct 28, 2015. The public tender for the sale of the building drew a total of three bids. Leapford, which is wholly owned by Pacific Century Regional Developments, entered the second highest bid of $538.28 million, and OUE Reef Development was third with $280 million. |
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basantd
Senior |
05-Sep-2015 12:12
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I still think OUE wiill be taken private it does not make sense at all to be listed ... 1) First of all majority share holder is Arygle street capital, just look at major shareholders list it does not lie, do your research on them they are a SPECIAL situation investor! 2) They are selling ALL their properties to 2 companies and collecting cash and shares 3) NAV is $4.50 - 5..it is trading under $2...if a fund manager from HK owns most of the shares and company is doing a share buy back programe his 63% will increase automatically when buyback wipes 10% of the issues shares..someone needs to check what is mandatory for singapore companies to start privatisation process when a major shareholder hits a certain % 4) Once they own % of Shares they need for privatisation..they can easily trigger a buy back around $3+ and with few strategic investors easily take the cash and shares private..whoever takes it private will benefit with cash and shares worth 4.50 - 5$...not their fault market is valuing this 4.50$ company @ 1.83 5) I dont believe in this korean casino project.... Do your own research - Just my $0,02 cents worth!!! |
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victortan
Elite |
03-Sep-2015 17:40
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where got 8%? unless yr father coy.LOL dont anyhow say. and this site suck.. http://www.investark.com/Analysis79oue2q15.html
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yohowslife
Member |
03-Sep-2015 16:55
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Although revenue and profits have dropped year on year, it was mainly due to one off items. Core operations are expected to remain flat and current prices offer good value for the long term investor with an attractive yield of more than 8%. http://www.investark.com/Analysis79oue2q15.html |
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basantd
Senior |
27-Aug-2015 10:19
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If a company is worth $200m then $100m paper loss is big..but if a company is worth billions, $100m paper loss comparitively is fractional... They started company buy back of 10% of their shares...major owners already own 70+ % I have no doubt this company will bounce back in a big way one most of the shares are mopped up.. |
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