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ChinaNTown
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ozone2002
Supreme |
08-Sep-2010 22:40
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close at high 12c today.. will CNT disappoint again? |
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ozone2002
Supreme |
08-Sep-2010 15:51
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looks like another boring high vol but share price intact play again.......... | ||||||
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melchamp
Member |
23-Aug-2010 09:52
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Dual listing by Dec 2010 and share buy back!! Sounds good!! | ||||||
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hawke009
Senior |
23-Aug-2010 09:16
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ya. The price not moving at all... boring.
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ozone2002
Supreme |
23-Aug-2010 09:06
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top vol but price still the same.. boring.. |
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investment
Senior |
09-Aug-2010 13:35
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How long does it take to approve to list in HK> | ||||||
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investment
Senior |
09-Aug-2010 10:19
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But the dual propose to list in HK ,the chances it seem quite low to be approve. | ||||||
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ozone2002
Supreme |
08-Aug-2010 22:27
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Yes contribution from the recent land sale will kick in in Q3 Also the dual listing effect will rub off on CNT hopefully it'll be a good debut on HSI |
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freeme
Elite |
08-Aug-2010 18:14
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hope they can break tru 14.5cts.. consolidate for very long time liao..
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ozone2002
Supreme |
08-Aug-2010 17:39
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UOB Kay Hian highlights CHINA NEW TOWN’S strong land sales of Shanghai Luodian Project Analyst: Singapore Research Team What’s new China New Town Development (CNTD) announced it sold two pieces of land in Shanghai Luodian Project with land area of151,151 sqm or 90,690 sqm GFA (0.6x plot ratio). In proximity to a golf course, the twolow-rise residential land pieces were sold at ASP of Rmb20,948 per sqm GFA or Rmb12,569per sqm land area. Land selling price is about 38% higher than average land price last year. Despite the slowdown of land market in Shanghai, the latest land price of Rmb12,569 per sqm land area is 37.5% higher than average land selling price of Rmb9,153 per sqm land area in 2009 and is also close to peak level land sales price of Rmb13,685 per sqm land area recorded in Sep09. This should relieve investors’ concern on the slowdown of Shanghai land market. The land sales to improve earnings visibility of CNTD this year. Based on the profit sharing ratio of 64% in Shanghai Luodian Project, the management expects the attributable land sales proceeds of Rmb1.22b to be recognized this year. This has been higher than the company’s total sales revenue of Rmb1.09b last year.
We lift the NAV estimate by 2%. The latest land price of Rmb12,569 per sqm land area is about 7% higher than our previous estimate of Rmb11,701 per sqm land area. We revise up our selling price assumption on Shanghai Luodian Project accordingly by 7%. As a result, we revise up CNTD NAV by 2% from S$2.05 to S$2.09. The completion of Shanghai-Nanjing High Speed Rail will increase the value of CNTD’sproject in Wuxi. With the operation of Shanghai-Nanjing High Speed Rail starting last month, it shortens the travel time between Wuxi and Shanghai from previous two hours to only half an hour. Moreover, there is one station of the high speed rail in Wuxi New District where CNTD’s project is located. We believe the improved infrastructure in the district will enhance the land value of CNTD project. Still trading at deep discount. The stock is trading at about 45% discount to end-10 NAV of S$0.21 vs China property sector average of 35% discount to NAV. The strong land sales in Shanghai should be a stock catalyst in near term. |
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dweller
Member |
07-Aug-2010 17:52
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CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED
中 国 新 城 镇 发 展 有 限 公 司
(Incoporated as a business company limited by shares under the laws of the British Virgin Islands)
(Company Registraion Number: 1003373)
PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF
HONG KONG LIMITED BY WAY OF INTRODUCTION
- ADOPTION OF THE NEW 2010 CNTD SHARE OPTION SCHEME (THE "NEW SCHEME")
Further to the announcement made on 19 July 2010 in relation to, among others, the New
Scheme, the board of directors of China New Town Development Company Limited (the
"Company") is pleased to announce that the Singapore Exchange Securities Trading Limited
(the "SGX-ST") has today approved in-principle the Company's application for the listing of
and quotation for the new ordinary shares in the capital of the Company to be issued pursuant
to the exercise of share options granted under the New Scheme (the "New Shares"), subject
to the approval of the shareholders of the Company (the "Shareholders") for the New Scheme
and the Company's compliance with the SGX-ST's listing requirements and guidelines. The
SGX-ST's in-principle approval is not to be taken as an indication of the merits of the New
Scheme, the New Shares, the Company and/or its subsidiaries.
The adoption of the New Scheme is subject to, inter alia, the approval of the Shareholders at
an extraordinary general meeting to be convened.
Details of the New Scheme will be provided in a circular to be despatched to the Shareholders
in due course.
BY ORDER OF THE BOARD
Li Yao Min
Chief Executive Officer
6 August 2010
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cathylmg
Elite |
05-Aug-2010 13:54
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14cents today maybe.
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freeme
Elite |
05-Aug-2010 12:51
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The Board of Directors (the “Board”) of China New Town Development Company Limited (the “Company”) is pleased to announce the completion of sales of land use rights of two residential land parcels located at our Luodian Project in Shanghai (“Luodian Project”) by Shanghai Municipal Bureau of Planning and Land Resources today. The buyer is a project company of Sino-Ocean Land Holdings Limited, a listed company on Stock Exchange of The Hong Kong Limited, namely北京远乾置业有限公司 (Beijing Yuan Gan Real Estate Company Limited@). The land parcels F1-4 and F1-6 of approximately 43,326sq.m and 107,825sq.m. respectively in site areas with plot ratio of 0.6 times of approximately 25,995sq.m. and 64,695sq.m in terms of gross floor area (“GFA). These were sold at RMB522.5million and RMB1,377.3million respectively at an average price equivalent to approximately RMB20,948per sq.m.in GFA. This represents an increase of 129% from the last achieved price of RMB9,128 per sq.m. in GFA. After factoring in mandatory government deduction, the land sale is estimated to contribute revenue of approximately RMB1.2billion to the Luodian Project. Revenue that can be recognized in Q3 will need to factor in project completion rate at the time. The land had been developed by Shanghai Golden Luodian Development Co., Ltd (“SGLD”), 72.63% owned subsidiary of the Company, as part of the Luodian Project. The Shanghai Luodian New Town is the flagship new town project of the Company commenced development in 2002. The tenure of land lease is 70 years. None of the Directors of the Company has any interest, direct or indirect, in the sales of the land use rights. By order of the Board Song Yiqing Chief Financial Officer 5 August 2010 |
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freeme
Elite |
05-Aug-2010 09:52
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yeah.. hope to hit 14.5
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ozone2002
Supreme |
05-Aug-2010 09:46
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CHIONG AHHHHHHH!!! finally broke out of its consolidation phase now 12 12.5 top vol.. go go go |
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melchamp
Member |
03-Aug-2010 18:10
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i would want to.. but 1st must borrow a few billion yuan from u 1st... whahaha :p | ||||||
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ozone2002
Supreme |
03-Aug-2010 16:07
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u go to the auction put in a bid.. go ji seow the potential bidders there..kekek
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melchamp
Member |
03-Aug-2010 16:04
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land auction is today, hopefully price shoot sky high!! ( cross my fingers n bite my nail... hehe ) | ||||||
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ozone2002
Supreme |
03-Aug-2010 14:18
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17 mil done.. but price stagnant.. |
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ozone2002
Supreme |
03-Aug-2010 09:56
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top vol what gives? dual listing approved? shanghai plot sold for sky high priceS? |
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