Latest Forum Topics / BBR Last:0.125 -- | Post Reply |
Did anyone catch it on CNA?
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Nostradamus
Supreme |
13-Nov-2006 21:17
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Its unit, Singapore Piling & Civil Engineering Pte Ltd, won two contracts worth $98.91 mln. The first contract worth $66.86 mln involves the foundation works for the construction of the Alexandra Hospital in Yishun. It will be completed within 10 months. The second contract worth $32.05 mln involves the construction of the Punggol-Serangoon water pumping station in northeastern Singapore. It will be completed within 35 months. | |||
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maxsyn
Veteran |
01-Nov-2006 12:27
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Anticipate for IR project also | |||
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zujzuj
Senior |
01-Nov-2006 12:00
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cheong again !! wow. it has moved from 0.025 to 0.07...that's 280% gain |
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hikitty
Master |
25-Oct-2006 23:31
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More impt is the profit margin, NOT the order book. As the profit margin for construction projects is razor thin, how much can the profit be boosted because of a small piling contract. May correct soon because it has run up too far. Analysts reportedly said that Globalvoice's fair value is 25 cents - look at what has happened - down to 12 cents after report in media. | |||
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zujzuj
Senior |
25-Oct-2006 22:58
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zujzuj
Senior |
25-Oct-2006 22:58
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francisd
Veteran |
25-Oct-2006 22:34
Yells: "BUY LOW SELL HIGH" |
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Hi guys. Sometime ago an analyst said that the stock is worth in todays term at .10c. I have vested at .5c waiting for it to double. Good Luck to me. Today it won a contract also. check out the SGX announcement. Cheers. |
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knightrider
Elite |
19-Oct-2006 23:30
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You are right, but on the positive side, this company has diversified to become a property developer according to some broking house's latest released. Thus, property share recent shoot up, this could be one reason I can think of ! If you make profit, just get out and switched to YongNam will be a better choice, what do you all think ? | |||
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hikitty
Master |
19-Oct-2006 22:03
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The announcement confirms the accuracy of the Business Times write-up. Its price has shot up by 83% in less than one month. But, its profit for 2006 shd be about the same as 2005's. Can't understand the sudden euphoria over the stock and its sudden price surge - due to herd instinct and not wanting to miss the bandwagon? Overvalued now? Manipulators at work? | |||
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hikitty
Master |
19-Oct-2006 11:04
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Checked with SGX website. Halt is for company to issue response to write-up relating to company in today's Business Times. The current price has already factored in future business prospects. According to Nostradamus Elite, it is already the second most expensive stock in the construction index. Yong Nam is a better bet now, according to a forum participant, as its order book is more than BBR's. |
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knightrider
Elite |
19-Oct-2006 09:51
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Now Halt, may be is good news to be announced ! Good Luck. | |||
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hikitty
Master |
17-Oct-2006 11:41
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When buy volume is higher than sell volume , it's often time to sell, liao. It's a sign of reverse psychology at work! "Experts" out there, any comments? | |||
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hikitty
Master |
17-Oct-2006 10:59
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Million thanks to Nostradamus Elite for being caring and sharing by posting very useful info. Since it is the second most expensive in the construction index and recovery to underpin its profit will be within the next five to seven years, does it mean that it is overvalued now. as its price has already factored in its profit prospects in the next five to seven years Time to sell now ? Or wait for another three years for the price to move up again? By the way, anyone knows which is the MOST expensive stock in the construction index | |||
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Nostradamus
Supreme |
16-Oct-2006 18:34
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It said it expects a recovery in the real estate sector to underpin its profits in the next five to seven years, particularly as it branches out into property development. Andrew Tan, BBR's CEO, said he is "bullish" on prospects for the construction industry due to Singapore's strong economic growth, its plans to build two casinos, and the redevelopment of some of its central, low-rise apartments into taller, more lucrative buildings. "Now, we see that the ingredients necessary for a vibrant construction industry are all in place," Tan told Reuters in an interview. Now, Tan said BBR is moving into property development, securing tenders for prime property sites in Singapore and developing them into luxury homes. He expects 40% of BBR's revenues to be derived from this sector within five years. "Since we have our own in-house specialist and general contracting work, we feel we'll be able to carve a niche market in this boutique development sector," Tan said. On July 25, BBR said it acquired a 1,443 square metre freehold site in Nassim Hill area -- one of the most expensive residential districts -- for S$17.4m. Tan said the firm would build luxury apartments on the plot. The company, founded in 1993 as a structural engineering specialist, was best known for its bridge-building technology. BBR -- an acronym formed from the names of its founders -- later branched into general construction, a sector which in Singapore is only just emerging from a seven-year recession in the wake of the 1997-98 Asian financial crisis. Tan said Singapore accounts for about 60% of revenues, and would continue to do so, even as the company expands into Malaysia, Thailand, the Philippines and Sri Lanka. BBR is also eyeing Saudi Arabia, Qatar and other markets in the Middle East for possible construction contracts, Tan said. "We are still open to looking at the Middle East," he said. "The climate's correct. They have the money, but the infrastructure is not there." Tan said that BBR, which reported a 21% increase in net profit last year, expects to post a similar profit in 2006. The firm made a net profit attributable to shareholders of $2.1m in 2005. BBR reported that its first-half net profit fell 50% to $865,000 from the same period a year ago. Tan said this was due to project delays, and also because the firm would only recognise some projects in later accounting periods. "For this year and the first half of next year, we have to still rely on construction projects that have been secured in the previous year, so we will not see improved margins until 2007. "The company will, however, have a new income stream from early 2007 through its venture in property development," he said. BBR hopes to roughly double its revenues within the next three to five years. "In terms of growth, we hope to generate $200-250m of turnover, up from our current $120m," Tan said, adding that the firm's current order book, which stands at $280m, should increase by about 5-10% a year. BBR shares are the second-most expensive in the construction index by price/book ratio, trading at 5.8x book value. |
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Nostradamus
Supreme |
05-Oct-2006 22:15
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It said its unit Singapore Piling & Civil Engineering has secured a US$32m contract from Asia Hotels & Properties Ltd to build a 35-storey residential tower in Colombo, Sri Lanka. The construction of the residential tower called "The Emperor," which will have 38,450 square meters in gross floor area and consist of 172 units, will be completed in 38.5 months, it said. BBR Holdings said the deal is not expected to have any material financial impact on its consolidated net tangible assets per share and consolidated earnings per share this year. |
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Nostradamus
Supreme |
27-Sep-2006 23:46
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The construction sector hit its peak in 1997. It bottommed in 2003. That explains why it was >$0.70 in 1998 and then plunged. | |||
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zujzuj
Senior |
27-Sep-2006 12:54
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Made some kopi $$.... bought 0.04 , sold 0.055. Another counter that's set to benefit from the improvement in construction sector is Yong nam. Currently, v quiet but lotsa of potential ! |
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xavien
Member |
26-Sep-2006 21:59
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Thanks Nostradamus...i was wondering is BBR a hidden gem for the longest time.. Well guess i have to relook and do more research then.. | |||
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hikitty
Master |
26-Sep-2006 12:13
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He may not be able to wake up from his slumber when he is shocked at the point of waking up by the loss in profit for not taking profit. SMRT is a defensive stock and may take a long time to move up to its next level. When few wish to sell to the SMRT buy queue, how are the "manipulators" to ramp it up? | |||
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chipchip66
Master |
26-Sep-2006 12:01
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I think he is a very rare breed of passive investor!!! One that don't know anything about PE ratio, yield.... He also told me he got 50lots of SMRT shares that he bought 5 yrs back at 70c plus. Wah liao, how i wish to be in his shoes. Buy and sleep then wake up to collect money!!!! | |||
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