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ChipEngS - Low PE, High Yield and High NAV in One
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satruz
Master |
01-Oct-2018 16:45
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Power up sia! Waited so long for it to cross back to 90👍 | ||
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Qanghoo
Supreme |
01-Oct-2018 11:40
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All u need is the chng kay' s handphone lah ...
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Starship
Supreme |
01-Oct-2018 11:29
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What' s up with CES? Suddenly up by 7% in the past hour. But couldn' t find any news anywhere. |
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moron101
Supreme |
20-Aug-2018 08:28
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New HDB policy actually will benefit construction sectors & property developers. More and more flats will go for early upgrade & redevelopment.. | ||
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CELSupporter
Member |
14-Aug-2018 09:05
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http://www.repton.org.uk/Repton-Schoolhouse-Singapore-to-Open-in-January-2019?returnUrl=/Default Repton Singaporer open in 2019. Introduction held in Park Hotel Alexandra |
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HendriJB
Supreme |
06-Aug-2018 17:04
Yells: "Breathe, Step Back - Think " |
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Five days ago ? one analyst said it will go up to 88 cents and today another say 75 cents. We shall wait and see...
Another analysis feedback :)
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HendriJB
Supreme |
06-Aug-2018 16:46
Yells: "Breathe, Step Back - Think " |
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DBS keeps Chip Eng Seng at 'fully valued' following positive 2Q earnings results
By: Samantha Chiew *06/08/18, 04:09 pm* SINGAPORE (Aug 6): DBS is reiterating its ?fully valued? recommendation on construction and property group Chip Eng Seng (CES), with a target price of 75 cents. This came following the group announcing that it has turned over earnings of $11.1 million in 2Q18, compared to a loss of $2.56 million in 2Q17 post restatement. This brings 1H18 earnings to $17.2 million, 181.9% higher than $6.09 million a year ago. Revenue for the quarter was 16.3% higher y-o-y at $247.8 million, mainly attributable to increased contributions from its Property Developments and Hospitality segments, but partially offset by a decrease in revenue from its Construction and Property Investments & Others segments. The group?s Property Developments segment saw its revenue increase by 40.5% y-o-y during the quarter to $188.6 million, due to the progressive recognition of High Park Residences, Grandeur Park Residences and Williamsons Estate. Meanwhile, Construction revenue fell mainly due to lower revenue recognised from the two Bidadari projects which were in early stage of construction and from Tampines N6C1A/1B and Woodlands N1C26 & N1C27, as they were reaching completion. The Hospitality division saw revenue increase by 114.7% y-o-y to $15.3 million due to contribution from the group?s island resort in Maldives, Grand Park Kodhipparu Resort. Overall topline was also boosted by contribution from two newly acquired hotels in Australia, The Sebel Mandurah and Mercure & Ibis Styles Grosvenor Hotel. Revenue from the group?s Property Investments fell 35.2% to $1.9 million due to the absence of contribution from 420 St Kilda Road which was divested in Aug 2017. In a Monday report, analyst Carmen Tay says, ?We note that the proportion of recurring revenue streams has increased to 6.9% (2Q18) from 4.7% (2Q17) ? notwithstanding the significant boost in associate contributions post the successful acquisition of a 50% stake in a New Zealand office tower in Aug 2017.? On the other hand, the analyst believes that the group?s proposed Education venture may unlock a new recurring income stream over the medium term, but this is not without risk. Most recently, CES acquired a 70% stake in While Lodge Education Group, which operates a chain of pre-school centres in Singapore and Malaysia, for a consideration of $13.3 million, while the group will fund through its internal cash resources. ?We understand that CES has yet to identify firm targets for the introduction of its Childcare facilities but is inclined to open a Repton-branded kindergarten within 18 months of entering into the collaborative agreement,? says Tay. Typically, childcare operators take about 18-24 months to breakeven, this the analyst believes that it will take time before this segment contributes to bottom-line. Capex for start-up related expenses are also expected to kick in. Pending further clarity on CES? approach to growing its Education business, the analyst has yet to factor in contributions or capex from this segment. As at 4.10pm, shares in Chip Eng Seng are trading 1.5 cents higher at 81 cents or 0.6 times FY18 book with a dividend yield of 5.0%. |
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HendriJB
Supreme |
04-Aug-2018 00:40
Yells: "Breathe, Step Back - Think " |
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Chip Eng Seng sees turnaround with Q2 net profit of S$11.1m
Janice Heng AUG 3, 2018 07:52 PM CONSTRUCTION and property firm Chip Eng Seng posted net profit of S$11.1 million for the second quarter ended June 30, a turnaround from its S$2.6 million loss in the year-ago period. This was on the back of a 16.3 per cent growth in revenue to S$247.8 million, from S$213.1 million, as robust contribution from the property development and hospitality divisions offset lower construction revenue. Earnings per share for the quarter were 1.79 Singapore cents, compared to a loss per share of 0.41 Singapore cents for Q2 2017. No dividend was declared. The latest results brought the group's first-half net profit to S$17.2 million, almost three times the S$6.1 million for the first half of FY2017. First-half revenue was S$452.1 million, up 18.9 per cent from S$380.2 million. Noting that market sentiment has turned less favourable after property cooling measures in July, Chip Eng Seng said that it "will cautiously replenish its land bank in Singapore". With no significant construction projects secured in the second quarter and more works done and billed, the group's construction order book declined to S$479.9 million at the end of the quarter, from S$524.6 million a quarter ago. Chip Eng Seng said that it expected hospitality revenue to improve in the coming months due to better occupancy rates and contribution from recently acquired hotels. Occupancy rates of investment properties in Singapore, Australia and New Zealand are expected to remain stable. Chip Eng Seng shares closed down half a Singapore cent or 0.6 per cent at 79.5 Singapore cents on Friday before the results release. |
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fatpanda
Supreme |
31-Jul-2018 21:08
Yells: "Another wonderful day!" |
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Most of the second tier property stocks were not performing. Time to abort the " cruise ships" (look good but cannot CHEONG), and look for other " speed boats" . | ||
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tangsookiam1947
Master |
31-Jul-2018 19:14
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very likely will drop back below 80 cents again. Every time USD FED rate hike, all property counters will take the HIT.... | ||
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HendriJB
Supreme |
26-Jul-2018 16:00
Yells: "Breathe, Step Back - Think " |
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Thursday 26 July 2018
Chip Eng Seng Stock $0.81 and Target Price $1.15 |
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HendriJB
Supreme |
26-Jul-2018 13:44
Yells: "Breathe, Step Back - Think " |
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Ok
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HendriJB
Supreme |
26-Jul-2018 12:08
Yells: "Breathe, Step Back - Think " |
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Chip Eng Seng Awards ...👍 👍 👍 | ||
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HendriJB
Supreme |
26-Jul-2018 12:07
Yells: "Breathe, Step Back - Think " |
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We build quality houses Dedication to quality Commitment to quality living Building with passion ........ which is the secret to our success. From humble beginnings in the 1960s, we have grown from strength to strength to become a leading property and construction company in Singapore. We deliver quality, time and again We are committed to continuously deliver quality houses. And that is how we have grown from strength to strength. From humble beginnings in the 1960s, we are now a leading property and construction company in Singapore. NorthShore (Australia) In our people we believe We pride ourselves in our greatest assets ? our people. And passion is what our people have to make a difference in the houses we build. We have been building quality houses in Singapore since the 1960s, and will continue to deliver quality as promised. We are more than a property and construction company We make your dreams a reality. Your dream house is our pride. We deliver quality houses, and today, the ?Chip Eng Seng? brand name is synonymous with quality, making us a leading property and construction company in Singapore. |
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HendriJB
Supreme |
26-Jul-2018 00:02
Yells: "Breathe, Step Back - Think " |
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SIX DAYS AGO (JUL 20, 2018)
Chip Eng Seng, Lum Chang announce new business acquisitions written by Lee Meixian Developers cum construction firms Chip Eng Seng and Lum Chang on Friday announced acquisitions of new businesses in education and health care respectively. Chip Eng Seng said that its subsidiary has signed a sale and purchase agreement with an affiliate of private equity firm Navis Capital to acquire 70 per cent of White Lodge Education Group Services for S$13.3 million in cash. White Lodge currently operates a chain of pre-school centres in Singapore and Malaysia. Since its inception in 1999, White Lodge has expanded from one pre-school centre in Bukit Timah, Singapore to seven pre-school centres in Singapore and two pre-school centres in Malaysia. Chip Eng Seng said that the purchase price will be further adjusted for any changes in the working capital of White Lodge and its subsidiaries. The purchase price will be funded and paid out of the group?s internal cash resources. The completion of the sale is conditional on consent being obtained for some properties leased by the White Lodge Group, and is expected to take place in the third quarter of 2018. Separately, Lum Chang also announced that it was acquiring a 50-per-cent stake in Malaysia-incorporated Daehan Rehabilitation Services. It has signed a convertible loan agreement with Daehan to grant it a term loan of US$3.5 million that is convertible into new shares in Daehan representing 15 per cent of the enlarged issued share capital. Lum Chang has also agreed to subscribe for new shares in Daehan (including the conversion shares) in three tranches which in aggregate will make up 50 per cent of the enlarged share capital of Daehan, for US$12.5 million. It has also signed a joint venture agreement with ACA Rehab Hospital, the sole existing shareholder of Daehan. Daehan provides integrated healthcare services and specialises in rehabilitation. It plans to operate a private rehabilitation hospital at one of the blocks in Two IOI Square, IOI Resort in Putrajaya. The hospital is undergoing renovation, and is expected to begin operations in the first quarter of 2019. Due to the pre-operation expenses however, Daehan has incurred losses since its incorporation in 2016, netting loss of about RM5.57 million (S$1.9 million) for the nine months ended March 31, 2018. Lum Chang said that it believes that the proposed investment will be a ?fruitful long-term investment for the company, as there is an increasing need for specialised rehabilitation services in Malaysia 🇲 🇾 . It will fund the subscription of shares through internal cash resources and external debt. Chip Eng Seng added one Singapore cent to finish at S$0.815, TIME TO BUY! |
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HendriJB
Supreme |
24-Jul-2018 16:57
Yells: "Breathe, Step Back - Think " |
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Going up...
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HendriJB
Supreme |
24-Jul-2018 15:12
Yells: "Breathe, Step Back - Think " |
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Chip Eng Seng Bulls - come and lets run together.... Chart marker showed Bullish! | ||
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fatpanda
Supreme |
20-Jul-2018 15:40
Yells: "Another wonderful day!" |
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Also Tuan Sing, volume built up liao. | ||
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Sgvale
Supreme |
20-Jul-2018 15:07
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Slowly rising | ||
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CELSupporter
Member |
09-Jul-2018 15:28
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http://www.abc.net.au/news/2018-06-27/scarborough-beach-twin-towers-approved-after-revised-design/9914732 Congrats to the neighbour of Chip Eng Seng piece of land in Perth. Height limit approved for 43 level tall building, where previous limit is 12 storey. Chip Eng Seng' s piece of land has height limit 8 storey, which portion of the land height limit is 12 storey. |
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