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Hor Kew
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importexport
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26-Jul-2007 23:24
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This baby is not a problem. $0.40 easily, if you trust. I invested more today at the lowest price. 
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gho485
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26-Jul-2007 21:32
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hor kew has just completed a placement of new shares today, hence price fall. it is norm in a placement situation...hang in there for those who vest.... | |||||||||||||
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importexport
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26-Jul-2007 19:22
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July 26 Singapore Hot Stocks-Property stocks fall on cooling fears SINGAPORE, July 26 (Reuters) - Singapore's Straits Times Index was down 1.26 percent at 0810 GMT. This counter in long term is good, but just that people are uncertain about property market in SIngapore. |
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tomwong
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24-Jul-2007 21:25
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anybody knows what happened to Hor Kew today? suddenly reverse gear
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knightrider
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24-Jul-2007 09:48
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Hor Kew to strike while property market sizzles
Construction firm to expand further into development with strong demand, writes CHARMIAN KOK
The construction company which has also been involved in property development expects to expand further into development while demand - and prices - remain strong. Hor Kew was founded in 1979, and prior to the surge in growth which has brought prosperity to construction sector the company survived many recessions and a dip in the industry that lasted almost a decade. The company has had to battle with falling revenue, narrowing profit margins and rising costs, but its managers see this year as marking a turnaround for Hor Kew, with the property markets and other companies in the construction industry seeing a strong upswing. Hor Kew, which is involved in construction, prefabrication and property development, reported a decrease in revenue of 52 per cent from $75.8 million in 2005 to $36.3 million. This was caused mainly by a substantial revenue decrease in its construction business. Despite this, Hor Kew recorded a decrease in net loss of 76 per cent over the year, from $10.6 million to $2.5 million in 2006. Hor Kew's careful cashflow management and cost mitigation efforts have helped it minimise losses. 'Over the past few years, there were too many contractors in the market, therefore the industry faced very cut-throat prices. Furthermore, there was only a small demand for contractors due to the country's economy,' said deputy managing director Dennis Aw. 'Since 1996, the market for construction sector never fully recovered until last year.' Prudent cost-saving measures In order to better manage their costs, Hor Kew introduced cost-saving measures such as consolidating more bulk purchases. It ventured into manufacturing its own building materials and pre-cast to lower costs and save time. At the same time, this allowed Hor Kew to improve quality control. 'Even during those years which were very bad for most contractors, we managed to be very prudent, and our cash flow position is still very strong,' Mr Aw said. As a result of these cost control measures, the company reported a net profit of $1 million after tax in 2006 for its general construction division, a turnaround from a net loss of $9.4 million the year before. Hor Kew's cautious approach to management policies during difficult years have helped it tide over the difficult periods. Even in today's bullish property sector, the company still views the market with caution. The fact that Hor Kew does not rely solely on one area is also a strength and competitive advantage for the company. 'Last year, most pure contractors were hit badly by the supply of concrete. As we are not pure contractors, we can depend on other sectors to generate profits,' Mr Aw said. While revenues from its general construction unit dropped 66 per cent to $20.3 million over 2005 and 2006, turnover from prefabrication remained consistent at $16 million, helping Hor Kew to sustain its earnings. Being quick to adapt to changes has also helped the company survive decades of fierce competition in the industry. 'The products that we manufacture are a result of the company adapting to changes. Our integration business in pre-cast and metal works are good examples,' Mr Aw said. When HDB opted to change most of their building projects to use pre-cast, Hor Kew was one of the first few contractors that took on pre-casting to suit the growing changes in the construction industry. The company, which is familiar with building Singapore's public housing projects, won the CIDB Best Building design Award in 1994 for a housing project in Pasir Ris. In 2002, Hor Kew received the highest A1 rating in the construction industry. Besides handling projects in public housing, the company has also done a diverse range of residential, commercial/industrial, institutional and upgrading works. Mr Aw is optimistic about the outlook for the construction and property industries for the coming years, especially with the current trend in en bloc sales and the upcoming integrated resorts. Move to venture overseas To tap the boom in the property market, Hor Kew expects to launch more property developments. It counts One Oxley Rise among its developments, and recently announced the developments for two new projects Kallang Pudding Road and East Coast Road. 'We plan to expand into properties because of the boom. Our company will find benefits to be contractors-cum-developers instead of being just either one,' said Mr Aw. 'Market price for construction is better now. When the market goes up, both the developer and contractor makes money. That's two ways of cushioning the project as the contractor and developer gains.' Other than moving into the surging property market, Hor Kew, which as yet has no operations overseas, will also explore opportunities to expand overseas into regional markets. 'We're always on the look out for opportunities. Now that we've gathered track record in our field, we will venture out either on our own or with partnerships,' Mr Aw said. He sees the company's strength in design and building for public housing as a further reason for Hor Kew to bring its expertise to other markets overseas. The expansion into properties is not intended to be at the expense of Hor Kew's core business. 'We will continue to concentrate on being main contractors, while looking more into property development. At the same time, Hor Kew will also look into new products and technologies,' Mr Aw said. PROPERTIES and construction are some of Singapore's hottest buzzwords right now, which is just fine for Hor Kew Corporation. |
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tomwong
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23-Jul-2007 14:15
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seems resisting at $0.355 and $.36...hope it can hit $.40 within this week... | |||||||||||||
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knightrider
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23-Jul-2007 11:23
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Cheong liao, now S$0.355 - S$0.36 ! Good Luck. | |||||||||||||
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superboy
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19-Jul-2007 14:29
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It has a potentil to trade at $1.... Wooo...why wait till it hit $1 then buy, buy when it is low....good for value. | |||||||||||||
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importexport
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19-Jul-2007 14:19
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You never go wrong with Hor Kew, it is still under value. | |||||||||||||
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knightrider
Elite |
19-Jul-2007 12:33
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Buy in at 0.305, hope it is going up again ! | |||||||||||||
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ihatcoy
Senior |
17-Jul-2007 17:04
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My reason for buy: Buying into its properties/landbank under its wing (...) Neve an inducement for any trade decisions.[vested] |
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importexport
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17-Jul-2007 15:19
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Now at $0.38. Highest at $0.40. Cool! |
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A&C2004
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16-Jul-2007 23:16
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Calculating from june 2007, free float had already turned -ve......TA : MFI >80, RSI > 85 , ADX > 65, Vol > 6mil (a sharp contrast to the last trading day)......might consolidate a while before the next surge......financial report shd be out in 1st 2 weeks of aug.... PS: above all my own opinions, pls vest at own risk and due diligence.Not an inducement to trade! |
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importexport
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16-Jul-2007 20:42
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Strong support at $0.34. | |||||||||||||
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wealthman
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15-Jul-2007 17:16
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yes ti pang this counter going or sure to surge to 0.75 | |||||||||||||
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tl_pang
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15-Jul-2007 16:53
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That's best time to invest this counter ! This counter got potential to rise again ! Good luck to all for those vested this counter ! | |||||||||||||
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importexport
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15-Jul-2007 14:41
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http://www.horkew.com.sg/projects.htm http://www.horkew.com.sg/property.htm http://www.horkew.com.sg/prefabrication.htm http://www.horkew.com.sg/research.htm |
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A&C2004
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15-Jul-2007 12:19
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Looking at Chip Eng Seng, its NAV is 15 cents, trading px $0.9 (29 june).....compare it with Hor Kew, after placement of 44 mil shares, its nav is appro. 7.5 cents, by simple calculation, Hor Kew shd be trading at appro. $0.45  Not vested yet.....
PS: above all my own opinions, pls vest at own risk and due diligence.Not an inducement to trade! |
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importexport
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15-Jul-2007 02:03
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Hor Kew will be another miracle ....... | |||||||||||||
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limbei
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15-Jul-2007 01:48
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Just to quote 2 only. Just look at what happens after ChipEngSeng, SoilBuild had their share placement. The rest is history. Share placement means strong institutional interest ...&.... |
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