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Ho Bee Investment
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susan66
Master |
09-Nov-2012 10:09
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I see Bollinger Band tightening, break $1.52 might breakup. 
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Super.White
Senior |
01-Nov-2012 08:20
Yells: "Go against the flow" |
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Why is the volume traded is very low everyday? |
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Singer88
Member |
15-Oct-2012 10:59
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The Edge Summary: HO BEE INVESTMENTS ($1.445) – Sharp retreat - Prices are correcting following negative divergence between momentum and price - Support is approaching at $1.40 - Prices are currently at 40% discount to NAV |
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onlinevoice
Member |
03-Nov-2011 11:03
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HoBee and Yanlord bought land in ZhuHai CNY $6000psm and announce via SGX http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/D69DD868CA3C8017482579330032E381?opendocument ZhuHai government has imposed price limit on the house to CNY $11285 psm on Nov 1, 2011 HoBee and Yanlord never announce through SGX. Never announce BAD news. After deducting land price, don know how much to earn from CNY $5285 (construction cost, expense, interest) |
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cheongsl
Master |
26-Apr-2011 18:18
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Still hold tide for those share in hand, waiting for $3... | ||||||||||||||||||
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bsiong
Supreme |
26-Apr-2011 18:04
Yells: "The Greatest Wealth is Health" |
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Ho Bee posts 31% increase in net profit to $54.5m for 1Q |
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Pinnacle
Master |
15-Nov-2007 01:14
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CIMB - Ho Bee (S$1.78) - 3QFY07 results ? Kickers from remaining Sentosa projects In line. 3Q07 EPS of 5.3cts is in line with our expectations, forming 23% of our full-year estimate. We believe it is also in line with consensus estimates. Accounting for fair-value gains of S$71m booked in 2Q07, 9M07 EPS of 31.7cts makes up 96% of our full-year forecast and 90% of consensus?s, driven by faster-than-expected recognition in preceding quarters. Sold-out projects drove growth. Revenue and net profit for the quarter jumped 1.3x yoy to S$130m and 2.9x to S$39m respectively on strong progressive recognition of its soldout projects such as Coral Island, Orange Grove Residences I, The Coast and Paradise Island. We estimate that 30-50% of profits from these projects have been booked and expect further recognition in the rest of 2007. Sentosa prices to hold up on land scarcity. The Pinnacle Collection will be the last available site slated for non-landed residential development in Sentosa. With a minimum reserve price of S$1,600 psf, we estimate that breakeven for the land could breach S$2,500 psf, with unit prices likely to go beyond S$3,500 psf. Given the scarcity of residential land in Sentosa, we believe demand will hold up with buyers likely to pay further premiums for the remaining units. The recent withdrawal of the deferred payment scheme is unlikely to have an adverse impact on demand, in our view. With The Turquoise and The Sea View Collection remaining in its Sentosa inventory, Ho Bee could benefit from the final leg of growth. We understand that take-up for The Turquoise has been good, with 47% of the units sold at an ASP of S$2,400 psf. ASP for The Sea View, to be launched in 1H08, could come in at S$3,000 psf. Earnings adjustments. We have raised our FY07 EPS forecast by 19% on a moreaggressive recognition schedule. However, our FY08-09 estimates have been lowered by 5-15% on lower ASP assumptions for Orange Grove Residences II and the residential site at Dakota Crescent to reflect a more cautious stance in the cycle. Reduced end-CY08 RNAV and target price from S$2.46 to S$2.26, on lower ASP assumptions. The stock price has pulled back 25% in the past month and is looking cheap again, with potential upside of 27%. Catalysts could come from better-thanexpected selling prices for its Sentosa projects. Maintain Outperform. |
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Pinnacle
Master |
15-Nov-2007 01:01
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Phillip Securities Research - BUY Record Profits 3Q Results. Ho Bee reported 3Q revenue of S$129.6m (+137.9% yoy) and net profit of S$39.3m (+297.1% yoy). The revenue was due mainly from property development. In fact, the contribution was from the recognition of sale of residential projects, namely Coral Island, Orange Grove Residences, The Coast and Paradise Island. It has also provided the status of the residential projects as follows:
FY 2007 Outlook. Management expects the Group to report strong revenue and earnings for FY 2007 and in the next few years. This is due to the recognition of income from substantially sold projects that were listed above. Moreover, it does not expect its residential projects to be adversely affected by the scrapping of the Deferred Payment Scheme. Maintain BUY recommendation and target price at S$2.28. Ho Bee is definitely a BUY for investors. It has successfully sold its waterfront residential projects at Sentosa Cove. With the cash flows from its residential projects, it can acquire new land sites and embark on expansion plans for the group. |
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