| Latest Forum Topics / Ho Bee Land Last:1.93 -- |
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Riding High On The Sentosa Wave
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rayphua
Member |
16-May-2007 00:20
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Could break downwards. |
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singaporegal
Supreme |
15-May-2007 21:10
Yells: "Female TA nut" |
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TA charts look bearish still. |
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ed88ks
Senior |
08-May-2007 15:38
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Selling like hotcakes. 1Q07 saw the take-up of the remaining units of Vertis (Amber Road, freehold, 42 units; ASP S$730 psf) and Quinterra (Holland Road, 99-year, 55 units, ASP S$670 psf) as well as all 29 bungalows at Paradise Island (Sentosa Cove, 99-year, ASP S$1,100 psf). Orange Grove Residences (freehold, 60 units), which was launched in January this year, is also 77% sold at an average price of just below S$2,100 psf. Ho Bee plans to launch two more projects later this year ? Orange Grove II (freehold, 72 units, est. ASP S$2,500 psf) and Waterfront Collection (99-year, 92 units, est. ASP S$2,000 psf). Maintain Outperform. RNAV estimates by about 12%. Based our sensitivity analysis, every S$100 psf rise in average selling prices has the potential to raise our RNAV estimates by 1%. In addition, we are ascribing a 20% premium to Ho Bee?s valuation to account for potential upside to our selling price assumptions for its prime luxury residential developments. Accordingly, our target price has been lifted from S$1.94 (parity to
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ed88ks
Senior |
08-May-2007 15:36
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Ho Bee is the biggest Sentosa developer and is still reaping rewards for making the first move there. Upcoming Sentosa projects, namely 'Waterfront Collection' and 'Seaview Collection', are expected to be launched at record prices, which would bode well for the Group's earnings growth well into FY08-09. Uptrend in high-end residential to add value. stratification in the Singapore residential market, with foreign-driven luxury residences notably outperforming the mass residential market. Apart from Sentosa Cove, Ho Bee's other projects are mainly high-end residences. The 1QFY07 net profit was 31.5% of our FY07 forecast slightly above our expectation due to earlier recognition of profit from its projects. We have revised our FY07 earning forecast to S$267.9m. We continue to like the stock for its strong positioning in Sentosa as well as its astute management. We re-iterate BUY with a target price of S$3.00 based on 10% premium to
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kodiak
Senior |
07-May-2007 22:57
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Extracted from SGX - HO BEE: Group turnover for the 1st quarter of 2007 soared nearly five fold to $245.8 million from $52.8 million in the same quarter last year. This was attributed to the sharp increase in the sale of development properties. This robust turnover boosted the Group?s quarterly earnings to reach a new high. Profit before tax and minority interests jumped 472% from $16.4 million in the corresponding period last year to $94.1 million. Likewise, profit attributable to shareholders registered a very significant increase of 425%, rising from $13.2 million to $69.1 million. Compared with the 1st quarter of the preceding year, earnings per share for the period under review rose substantially from 2.13 cents to 9.37 cents. With this strong performance, shareholders? fund now stands at $599.1 million, or 81.3 cents per share. Would the above good result influence the price tomorrow? |
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singaporegal
Supreme |
07-May-2007 21:23
Yells: "Female TA nut" |
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Has probably topped out. Bollinger bands quite tight now... large price change may occur. |
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ed88ks
Senior |
07-May-2007 14:41
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anynews? something brewing |
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iPunter
Supreme |
24-Mar-2007 20:27
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This is one of my fav counters... made some on it before... :) |
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singaporegal
Supreme |
24-Mar-2007 20:23
Yells: "Female TA nut" |
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This counter is losing volumes.... there's a chance of topping out in the near future. But I believe it could still be uptrending for the next few days. |
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cheongsl
Master |
24-Mar-2007 07:29
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Near to $2 |
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JamieMok
Member |
12-Mar-2007 20:48
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my target is like sc global... |
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singaporegal
Supreme |
12-Mar-2007 20:17
Yells: "Female TA nut" |
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On uptrend now |
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erickoh888
Member |
12-Mar-2007 16:49
Yells: "Hello!" |
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BIG congratulation msg on today's paper that no one will miss |
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cheongsl
Master |
12-Mar-2007 12:10
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Yes heading up again |
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cheongsl
Master |
08-Mar-2007 12:36
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up again? |
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cheongsl
Master |
08-Mar-2007 09:28
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I though I saw them grapping another sentosa land with partnership?? |
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zhuge_liang
Supreme |
07-Mar-2007 11:30
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Rose after the Business Times said the property firm has topped the bid for a Sentosa Cove condominium plot. The paper cited unnamed sources who said Ho Bee has submitted a bid of over $1,350 per square foot per plot ratio, setting a new record bid price. |
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cheongsl
Master |
05-Mar-2007 12:17
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Seams like all market are down. |
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marky27
Member |
04-Mar-2007 20:55
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yea I'm still learning .. . tks fellow seniors on your guidance tips .. |
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iPunter
Supreme |
04-Mar-2007 17:28
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Oops... agree... |
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