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Ho Bee Land- next potential privatisation Hobby Post Reply Rate topic
SgYuan Supreme	15-Apr-2019 08:33        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	px has run up from 98 to 271 - it is a great run fr 2011 nov ew w0 98 w1 145 w2 108 w3 245 w4 182 w5 271 wa 224 wb 269 wc? wc w0 269 w1 230 w2?259 w3? w1 39 w2 24 tgt 254 up 61.8% - px hit 259 delta 29 up 74% - strong rebound pass 61.8% - next 31 tgt 261 up 78.6% Month chart upper @265
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AttasBoss Elite	15-Apr-2019 07:53        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Boss Chua stop OM buying since Jan 18 except 1 married deal in 2018. Need to depresee the price down like Wheelock in order to privatize at a 'premium'
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Goldfinger Supreme	14-Apr-2019 23:38        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes - likely still $2.50 if not already privatised via Scheme of Arrangement at disgusting price during crises. Shame shame on this SGX market and its sponsors. Qanghoo      ( Date: 14-Apr-2019 23:31) Posted: My own take is, in 5-7 yrs, the nav cld touch 6-7 sgd.  Fair value gains in 1N n London properties wld see to that.  That means, rental income are likely to rise substantially too.  Yet, how much wld the shares be priced on this moribund bourse then?  Still 2.50?  Wldn' t surprise me though.  SG great financial centre minus liquidity.  Talking abt catching up with HK.  No need to dream lah .... leagues behind in fact.  n3wbie      ( Date: 14-Apr-2019 20:06) Posted: share price has been on the upwards trend, in line with the growing portfolio of recurring income and asset base. stock has been trading at 0.5x PB over the years, quite a shame that our SG market values it at a valuation almost that of distressed companies.
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Qanghoo Supreme	14-Apr-2019 23:31        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	My own take is, in 5-7 yrs, the nav cld touch 6-7 sgd.  Fair value gains in 1N n London properties wld see to that.  That means, rental income are likely to rise substantially too.  Yet, how much wld the shares be priced on this moribund bourse then?  Still 2.50?  Wldn' t surprise me though.  SG great financial centre minus liquidity.  Talking abt catching up with HK.  No need to dream lah .... leagues behind in fact.  n3wbie      ( Date: 14-Apr-2019 20:06) Posted: share price has been on the upwards trend, in line with the growing portfolio of recurring income and asset base. stock has been trading at 0.5x PB over the years, quite a shame that our SG market values it at a valuation almost that of distressed companies.  Qanghoo      ( Date: 11-Apr-2019 08:28) Posted: This is a super solid stock  I believe, over time, div wld increase gradually in tandem with recurrent income.  So, guess what the yield wld be like in, say, five yrs if one had bought ard 2.40
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n3wbie Elite	14-Apr-2019 20:06        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	share price has been on the upwards trend, in line with the growing portfolio of recurring income and asset base. stock has been trading at 0.5x PB over the years, quite a shame that our SG market values it at a valuation almost that of distressed companies.  Qanghoo      ( Date: 11-Apr-2019 08:28) Posted: This is a super solid stock  I believe, over time, div wld increase gradually in tandem with recurrent income.  So, guess what the yield wld be like in, say, five yrs if one had bought ard 2.40? n3wbie      ( Date: 10-Apr-2019 22:46) Posted: in line with their past years' practice to annc 1Q after AGM (same day on 30 Apr
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Qanghoo Supreme	11-Apr-2019 08:28        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is a super solid stock  I believe, over time, div wld increase gradually in tandem with recurrent income.  So, guess what the yield wld be like in, say, five yrs if one had bought ard 2.40? n3wbie      ( Date: 10-Apr-2019 22:46) Posted: in line with their past years' practice to annc 1Q after AGM (same day on 30 Apr) Starship      ( Date: 10-Apr-2019 16:51) Posted: DATE OF RELEASE OF FINANCIAL RESULTS  FOR THE FIRST QUARTER ENDED 31 MARCH 2019 Ho Bee Land Limited (the Company) will release its unaudited financial results for the first quarter ended 31 March 2019 (Results Announcement) on Tuesday, 30 April 2019, after trading hours. The Results Announcement will also be made available on the Company' s website at www.hobee.com. This notice will be updated should there be any change in the date of the Results Announcement. By Order of the Board Tan Sock Kiang Company Secretary 10 April 2019
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n3wbie Elite	10-Apr-2019 22:46        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	in line with their past years' practice to annc 1Q after AGM (same day on 30 Apr) Starship      ( Date: 10-Apr-2019 16:51) Posted: DATE OF RELEASE OF FINANCIAL RESULTS  FOR THE FIRST QUARTER ENDED 31 MARCH 2019 Ho Bee Land Limited (the Company) will release its unaudited financial results for the first quarter ended 31 March 2019 (Results Announcement) on Tuesday, 30 April 2019, after trading hours. The Results Announcement will also be made available on the Company' s website at www.hobee.com. This notice will be updated should there be any change in the date of the Results Announcement. By Order of the Board Tan Sock Kiang Company Secretary 10 April 2019
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Starship Supreme	10-Apr-2019 16:51        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	DATE OF RELEASE OF FINANCIAL RESULTS  FOR THE FIRST QUARTER ENDED 31 MARCH 2019 Ho Bee Land Limited (the Company) will release its unaudited financial results for the first quarter ended 31 March 2019 (Results Announcement) on Tuesday, 30 April 2019, after trading hours. The Results Announcement will also be made available on the Company' s website at www.hobee.com. This notice will be updated should there be any change in the date of the Results Announcement. By Order of the Board Tan Sock Kiang Company Secretary 10 April 2019
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AttasBoss Elite	10-Apr-2019 07:43        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Matter of time.. It's a must... Usually will be after full year result and declaration of dividend ysh2006      ( Date: 07-Feb-2019 10:03) Posted: During CNY I met one KE analyst in a bus stop, I greeted him and had a causher talk, he hinted this also might be GO this year ?..how true will know in few months' time.... Starship      ( Date: 01-Feb-2019 17:48) Posted: Ho Bee  好 美 ................. FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 Ho Bee Land Limited (the Company) will release its unaudited financial results for the fourth quarter and full year ended 31 December 2018 on Monday, 25 February 2019, after trading hours. The fourth quarter and full year financial results will also be made available on the Company' s website at www.hobee.com. This notice will be updated should there be any amendment. By Order of the Board Tan Sock Kiang Company Secretary 1 February 2019
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n3wbie Elite	10-Apr-2019 00:04        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	with recent rerating of undervalued property counters such as GL and Hong Fok, was wondering if anyone else spotted this sleeping counter? - valuations are compelling, trading at just 0.5x PB, 6.3x PE and ~4% dividend yield (based on 10c/share to be ex-d on 15 May) - rental income in 4Q (which saw 1st quarter of Ropemaker Place' s  full contribution) was ~$51.5m so this will translate to ~$206m rental income for FY19 - dividends should maintain as 10c/share is equivalent to $66.6m so the recurring rental income should more than cover - cost of debt is only ~2.3% and while gearing has increased post acquisition of Ropemaker Place, net yield on the portfolio of commercial assets is 4+% and with leverage, returns can be closer to high single digit % - portfolio of commercial assets all have long WALE of more than 5 years and mostly fully occupied this will mitigate any potential Brexit may impose in the near-mid term given the visibility of earnings locations are all within close proximity to tube stations or in CBD hence driving potential positive rental reversions - management' s track record in astute investments Metropolis and Sentosa are classic e.g. - shift from development profit to recurring income model ensures sustainability of dividends and builds up a strong foundation of base earnings - relatively low free float with insiders holding ~75% and another 5.7% under treasury shares - given the ongoing discussions on Brexit, all downside largely priced in so any positive outcome can give a nice lift potential re-rating catalysts: - the strong recurring income from the portfolio of quality commercial assets make this a potential REIT candidate would make economic sense to recycle capital by spinning out these cash-yielding assets to create a REIT given the superior returns should the REIT happens, it will give an immediate uplift to valuations given that most REITs trade closer to NAV (vs 0.5 PB presently) - privatisation candidate  - return of (local and foreign) investors' interests in Sentosa' s properties (~80% of the outstanding units have been leased out to generate recurring income yielding ~2% which can service the attached debt) any other thoughts very much welcomed.
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Starship Supreme	22-Mar-2019 18:15        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ho Bee Land Limited (Co. Reg. No.: 198702381M) ANNOUNCEMENT Announcement pursuant to Listing Rule 704(17)(a) of the Listing Manual HO BEE LAND LIMITED (&ldquo HBL&rdquo ) wishes to announce that its wholly owned subsidiary, Accordion Investments Pty Ltd has acquired, through open-market purchases, an aggregate 12,657,079 shares of Villa World Limited (&ldquo VLW&rdquo ) representing 10.11% of the total voting rights of VLW. VLW is listed on the Australian Securities Exchange. The above transaction is not expected to have any material impact on the consolidated net tangible assets or earnings per share of HBL for the financial year ending 31 December 2019. None of the directors or controlling shareholders of HBL has any interest, direct or indirect, in the above transaction, other than through their shareholdings in HBL (if any). By Order of the Board Desmond Woon Executive Director 22 March 2019  https://links.sgx.com/FileOpen/HBL_Acquisition_of_interests_VillaWorld_22Mar2019.ashx?App=Announcement& FileID=548251
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AttasBoss Elite	26-Feb-2019 23:30        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the sharing. Dividend is maintained at 10c per share is encouraging. Still holding and pending goods news Starship      ( Date: 25-Feb-2019 18:45) Posted: Ho Bee Land reports 21% lower 4Q earnings of $81.4 mil due to provision for potential tax liability 25/02/19, 06:01 pm SINGAPORE (Feb 25): Ho Bee Land has reported 4Q18 earnings of $81.4 million, or 12.24 cents on a per share basis, 21% lower compared to a year ago. The weaker bottomline was mainly to the provision for a potential tax liability of approximately $20.3 million. This relates to the gain on sale of Hotel Windsor in FY2013. The tax authority has raised an additional tax assessment in FY18. Ho Bee Land says it has objected to the assessment based on professional advice. Group revenue for 4Q18 amounted to $52.5 million, representing a 27% year-on-year increase. Revenue from sale of development properties fell 73.6% to $0.9 million due to lower sales recognition from two residential projects in Melbourne and Gold Coast in Australia while revenue from rental income rose 36.7% to $51.5 million due mainly to higher rental revenue from Ropemaker Place, which was acquired on June 15 2018. The group recorded a net fair value gain of $93 million on its investment properties in the United Kingdom and Singapore. Profit from operations increased 24% to $127.6 million in 4Q18 compared to $103.1 million in 4Q17. The group&rsquo s share of profit in associates, contributed by the development projects in Shanghai and Zhuhai, fell by $15.5 million to $10.1 million in 4Q18. The group&rsquo s share of losses in jointly controlled entities was higher in 4Q18 largely attributable to lower profits from the residential development project in Tangshan. For FY18, earnings came in at $270 million, up 8.3% from a year ago as revenue rose 19.5% to $196.8 million, due to higher rental income from Ropemaker Place and fair value gain on investment properties of $121.4 million, which more than offset the increase in finance costs. Ho Bee Land is recommending a first and final cash dividend of 8 cents per ordinary share and special cash dividend of 2 cents per ordinary share, unchanged from a year ago. In its outlook, Ho Bee Land says the Singapore office market is expected to remain positive in view of stable demand and tightened supply. In the UK, it says its long average tenancies of more than five years will cushion any negative impact that may arise from the uncertainties brought about by Brexit in the near term. On the local residential front, the group expects the market to remain challenging in view of the high number of properties in the supply pipeline and the impact brought about by the new cooling measures introduced in the second half of 2018. Chua Thian Poh, chairman and CEO of the group, says, &ldquo We are pleased to announce a good set of results for the year despite challenging market conditions and economic uncertainty both locally and in other key markets. Our portfolio of investment properties in Singapore and the UK has continued to deliver strong rental income.&rdquo https://www.theedgesingapore.com/ho-bee-land-reports-21-lower-4q-earnings-814-mil-due-provision-potential-tax-liability
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Starship Supreme	25-Feb-2019 18:45        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ho Bee Land reports 21% lower 4Q earnings of $81.4 mil due to provision for potential tax liability 25/02/19, 06:01 pm SINGAPORE (Feb 25): Ho Bee Land has reported 4Q18 earnings of $81.4 million, or 12.24 cents on a per share basis, 21% lower compared to a year ago. The weaker bottomline was mainly to the provision for a potential tax liability of approximately $20.3 million. This relates to the gain on sale of Hotel Windsor in FY2013. The tax authority has raised an additional tax assessment in FY18. Ho Bee Land says it has objected to the assessment based on professional advice. Group revenue for 4Q18 amounted to $52.5 million, representing a 27% year-on-year increase. Revenue from sale of development properties fell 73.6% to $0.9 million due to lower sales recognition from two residential projects in Melbourne and Gold Coast in Australia while revenue from rental income rose 36.7% to $51.5 million due mainly to higher rental revenue from Ropemaker Place, which was acquired on June 15 2018. The group recorded a net fair value gain of $93 million on its investment properties in the United Kingdom and Singapore. Profit from operations increased 24% to $127.6 million in 4Q18 compared to $103.1 million in 4Q17. The group&rsquo s share of profit in associates, contributed by the development projects in Shanghai and Zhuhai, fell by $15.5 million to $10.1 million in 4Q18. The group&rsquo s share of losses in jointly controlled entities was higher in 4Q18 largely attributable to lower profits from the residential development project in Tangshan. For FY18, earnings came in at $270 million, up 8.3% from a year ago as revenue rose 19.5% to $196.8 million, due to higher rental income from Ropemaker Place and fair value gain on investment properties of $121.4 million, which more than offset the increase in finance costs. Ho Bee Land is recommending a first and final cash dividend of 8 cents per ordinary share and special cash dividend of 2 cents per ordinary share, unchanged from a year ago. In its outlook, Ho Bee Land says the Singapore office market is expected to remain positive in view of stable demand and tightened supply. In the UK, it says its long average tenancies of more than five years will cushion any negative impact that may arise from the uncertainties brought about by Brexit in the near term. On the local residential front, the group expects the market to remain challenging in view of the high number of properties in the supply pipeline and the impact brought about by the new cooling measures introduced in the second half of 2018. Chua Thian Poh, chairman and CEO of the group, says, &ldquo We are pleased to announce a good set of results for the year despite challenging market conditions and economic uncertainty both locally and in other key markets. Our portfolio of investment properties in Singapore and the UK has continued to deliver strong rental income.&rdquo https://www.theedgesingapore.com/ho-bee-land-reports-21-lower-4q-earnings-814-mil-due-provision-potential-tax-liability
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KAMAL0883 Supreme	08-Feb-2019 12:16        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	4th Qtr SG property sales down by 50% , better be careful   huathuat88888      ( Date: 17-Jan-2019 12:38) Posted: Missed this boat. Sianz.
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ysh2006 Supreme	07-Feb-2019 10:03        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	During CNY I met one KE analyst in a bus stop, I greeted him and had a causher talk, he hinted this also might be GO this year ?..how true will know in few months' time.... Starship      ( Date: 01-Feb-2019 17:48) Posted: Ho Bee  好 美 ................. FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 Ho Bee Land Limited (the Company) will release its unaudited financial results for the fourth quarter and full year ended 31 December 2018 on Monday, 25 February 2019, after trading hours. The fourth quarter and full year financial results will also be made available on the Company' s website at www.hobee.com. This notice will be updated should there be any amendment. By Order of the Board Tan Sock Kiang Company Secretary 1 February 2019
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n3wbie Elite	06-Feb-2019 23:42        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	HB' s share price had staged a decent rebound off lows but YL remains quite depressed valuations wise as well huathuat88888      ( Date: 16-Jan-2019 14:18) Posted: Yes. Their China Projects with Yanlord doing very very well. AttasBoss      ( Date: 16-Jan-2019 13:58) Posted: Coming
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Starship Supreme	01-Feb-2019 17:48        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ho Bee  好 美 ................. FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 Ho Bee Land Limited (the Company) will release its unaudited financial results for the fourth quarter and full year ended 31 December 2018 on Monday, 25 February 2019, after trading hours. The fourth quarter and full year financial results will also be made available on the Company' s website at www.hobee.com. This notice will be updated should there be any amendment. By Order of the Board Tan Sock Kiang Company Secretary 1 February 2019
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huathuat88888 Elite	17-Jan-2019 12:38        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Missed this boat. Sianz.
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huathuat88888 Elite	16-Jan-2019 14:18        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. Their China Projects with Yanlord doing very very well. AttasBoss      ( Date: 16-Jan-2019 13:58) Posted: Coming
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AttasBoss Elite	16-Jan-2019 13:58        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Coming
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