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Management realising their assets for what they are worth. Market ignoring their rnav.
Uncle, I think more rockets are coming. It has something to do with the selling price, $908m minus the cost price .531 x $870.5m = $462m gross profit. And I don' t think there is that much cost involved
in the renovation of the office which remain as office, unlike the other half which involves conversion of former offices into top-class serviced residences, malls, gymns, swimming pool, food & beverage
outlets & retail outlets. William Yeo Tuan Thong.
in the renovation of the office which remain as office, unlike the other half which involves conversion of former offices into top-class serviced residences, malls, gymns, swimming pool, food & beverage
outlets & retail outlets. William Yeo Tuan Thong.
This very rocket today.....
I guess what you mean in Teochew means ' See pair oei sai' . I am a Teochew lah & my hokkien is ' half past six.' William Yeo Tuan Thong
Today simi sai it went up.......
Abeljuice, you seem to have helped by giving your comments on 23 Nov.' 18. Indeed yours is an ' able' juice, not a Cainjuice. The share price seems to be moving. I ' ve omitted a word in my 28Nov' 18 post. It should be ' Crowne Plaza Changi Airport Extension' in line1--2. William Yeo Tuan Thong.
Oue' s price to book is near crisis level at near to 70% discount at $1.39. The Singapore & US assets which make up 79% are quality assets -- see audited ' 17 by KPMG. When Oue divested Crowne Plaza
Changi Airport at $200+m, it made about $68m & gave a special dividend of 2ct, making up a total of 5ct. Now it divested 53.1% of Oue Downtown at $908m,its net profit should easily be much more than
this. I hazard to predict a special 3ct,making a total of 6ct. They pay in May -- 6cts in 6 months. 6ct divided by 1.40 x 100% = 4.28%. You have to multiply by 2 because it is only for about 6mths. This
gives you about 8.56% -- much better than what you get from FD or SSB. Some more at this level of entry, it should be quite safe with one and a half catalysts in the offing -- US Bank Towers & the other
half of Oue Downtown. William Yeo Tuan Thong.
Changi Airport at $200+m, it made about $68m & gave a special dividend of 2ct, making up a total of 5ct. Now it divested 53.1% of Oue Downtown at $908m,its net profit should easily be much more than
this. I hazard to predict a special 3ct,making a total of 6ct. They pay in May -- 6cts in 6 months. 6ct divided by 1.40 x 100% = 4.28%. You have to multiply by 2 because it is only for about 6mths. This
gives you about 8.56% -- much better than what you get from FD or SSB. Some more at this level of entry, it should be quite safe with one and a half catalysts in the offing -- US Bank Towers & the other
half of Oue Downtown. William Yeo Tuan Thong.
Thanks for the update on OUE ~~~ very meaningful information on the latest development.
ytthong1951 ( Date: 23-Nov-2018 10:15) Posted:
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Oue -- another catalyst in the offing. An OCBC analyst on 13Nov.' 18 has said that Oue may want to be in a liquid position after recycling 53.1% of Oue Downtown for $908m. This will come about if it sells
off its freehold US Bank Tower worth $800m. Deutsch Bank in a report on 18Sept.' 17 has noted that this US asset has sustained interests from Pension Funds & Sovereign Wealth Funds. My check on
end-of-the-year property valuation in SGX has given the purchase price of this asset at $459.3m. If the sale is executed in 6 month' s time, the gross profit is $800 - $459.3m = $340.7m, a cool 74% gross
profit, not taking into account AEI undertaken.
If these informations from the quoted reliable souces is a lie, then retail investor like me who do my own research from these sources would be at a great disadvantage to buy reasonably undervalued shares. One might as well just put all his money in FD, SSB & Temasek bonds to earn some interests. William Yeo Tuan Thong.
off its freehold US Bank Tower worth $800m. Deutsch Bank in a report on 18Sept.' 17 has noted that this US asset has sustained interests from Pension Funds & Sovereign Wealth Funds. My check on
end-of-the-year property valuation in SGX has given the purchase price of this asset at $459.3m. If the sale is executed in 6 month' s time, the gross profit is $800 - $459.3m = $340.7m, a cool 74% gross
profit, not taking into account AEI undertaken.
If these informations from the quoted reliable souces is a lie, then retail investor like me who do my own research from these sources would be at a great disadvantage to buy reasonably undervalued shares. One might as well just put all his money in FD, SSB & Temasek bonds to earn some interests. William Yeo Tuan Thong.
Coming Oue 4q' 18. It should be a q. with bumper net profit. Selling Price of 53.1% Oue Downtown: $908m. Cost Price: .531 x $870.5m = $462m. Deutsch Bank Research on 18Sept.' 17 gave its AEI at $350m. AEI cost of 53.1%: .531 x $350m = $186. This $186m should be on the high side as there should not be much renovation compared to that for the other half where I read there are swimming pool, 8
gyms, conversion of former offices into top-class serviced residences(Oakwood Premier), a mall, F& B, retail outlets etc. I' ve written to ask Oue about the exact amount of AEI cost for the 53.1% (the office
components of Oue Downtown). Until then, let' s take the high side, $186m. The net profit from the sale of the 53.1% should be: $908m - $462m - $$186m = $260m.
Add into this the forex gain of $22m reported in its 3q Other Comprehensive Income & the $6.8m acquisition fee of the Manager of Oue C. Reit owned by Oue. There you are: you should have a bumper net
profit of $260 + $22m + $6.8m of $288.8m, ignoring the other minor profits & losses & assuming there is no big, big write-off that has been realised.
Why is this likely? If you look at Oue audited' 17 5-yr financial summary, the profit is very lumpy -- it is very very high when there is recycling during that year & very low when there isn' t. When it recycled Orchard Mandarin, its net profit came to about a billion. When it recycled Crowne Plaza Changi Airport Extension, the story was the same: revenue: $200+m, net profit about $68m. No big, big write-down, the net profit should be bumper. William Yeo.
gyms, conversion of former offices into top-class serviced residences(Oakwood Premier), a mall, F& B, retail outlets etc. I' ve written to ask Oue about the exact amount of AEI cost for the 53.1% (the office
components of Oue Downtown). Until then, let' s take the high side, $186m. The net profit from the sale of the 53.1% should be: $908m - $462m - $$186m = $260m.
Add into this the forex gain of $22m reported in its 3q Other Comprehensive Income & the $6.8m acquisition fee of the Manager of Oue C. Reit owned by Oue. There you are: you should have a bumper net
profit of $260 + $22m + $6.8m of $288.8m, ignoring the other minor profits & losses & assuming there is no big, big write-off that has been realised.
Why is this likely? If you look at Oue audited' 17 5-yr financial summary, the profit is very lumpy -- it is very very high when there is recycling during that year & very low when there isn' t. When it recycled Orchard Mandarin, its net profit came to about a billion. When it recycled Crowne Plaza Changi Airport Extension, the story was the same: revenue: $200+m, net profit about $68m. No big, big write-down, the net profit should be bumper. William Yeo.
why do you say so?
saturn80 ( Date: 10-Feb-2017 11:46) Posted:
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still look very cheap at $2.
OUE broke $2.
Will it break $2 soon?
Credit Suisse still working on United Engineers ?
Oh my......
Swiss Choc : )
Oh my......
Swiss Choc : )
amandayoung ( Date: 06-Feb-2017 10:34) Posted:
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Credit Suisse still working on it ?
Swiss Efficiency Reputation No. 1 right ?
Swiss Efficiency Reputation No. 1 right ?
amandayoung ( Date: 06-Feb-2017 10:32) Posted:
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And OCBC also up....hmmmm.....BREWING WHAT ?
amandayoung ( Date: 06-Feb-2017 10:19) Posted:
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What is BREWING in OUE ?
Haha it is a good news.
Transpac also holding quite alots of oue share under Fortune Code Limited.
Keke .... not forgeting the 8 cts divden given by oue. Huart ah !
hmmm... interesting piece of news... REIT IPO... will they halt trading tomorrow?
http://www.todayonline.com/business/overseas-union-enterprise-considering-reit-ipo