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81-100 of 193
now getting so HOT, HOT, HOT!!!
not bad,right??? this counter still has a far, far way to go. people are still rushing to buy it as they know that it is really undervalued as compared to other property counters
oceanblue ( Date: 15-Jul-2009 15:26) Posted:
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I went in small lots this morning at 4.62.
rodney301 ( Date: 15-Jul-2009 10:51) Posted:
most of the trade occurred at between $4.61 to $4.63. wonder if it will continue the upward trend later in the day...... |
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I went in small lots this morning at 4.62.
rodney301 ( Date: 15-Jul-2009 10:51) Posted:
most of the trade occurred at between $4.61 to $4.63. wonder if it will continue the upward trend later in the day...... |
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got in again for the 2nd consecutive day.
looks like more people getting onto this boat
most of the trade occurred at between $4.61 to $4.63. wonder if it will continue the upward trend later in the day......
The valuation was on 31st December 2008. a total value of around $4.39 billion. With other interests, NAPV is around $9.44 for the Group. This counter did not issue any rights and the borrowings were relatively low as compared to Kepland (correct me if I am wrong as I just read the annual reports). Occupancy at office areas were close to 100% as stated in the annual report 2008 with around 700,000 square feet of office leases renewed last year. (this is good as the downfall is close to march this year). The Group took over Pan Pacific Hotels in early 2007 as stated in annual report 2008. So this group practically has everything from retail rentals, office rentals to property in Marina Bayfront and in Beijing, making it something similar to a REIT which has all three major property sectors in office, retail and hospitality.
yesterday, the Wee Investments(with group chairman Dr. Wee Cho Yaw) purchased 354,000 units of Haw Par Corp at around $4.60. Haw Paw Corp in turn has 40% stake in UIC. UIC has over 50% stake in SP land. Thus, Haw Par has at least 20% deemed interest in SP land. Recently, UOL, the property arm of Dr Wee's UOB group made huge daily buy-backs of the UOL shares in the past few days amounting to over $10 million of shares. Could it be that Dr Wee is still some greenshoots in the property sector from the buybacks of the shares??? Well, I certainly hope that SP land will exercise its buy-backs soon.
Andrew, even if it drops to over $3.00 which is quite impossible, I will just average down. This is a counter which I will hold for long term and I will not release it for anything below $10.
Andrew ( Date: 14-Jul-2009 20:56) Posted:
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Of all the net asset, majority comes from Investment Properties.....4B.....Asset like Marina Sq, Gateway is already 20 year old......I really don't know if it is due for the 30 years lease??
When was this properties valuated ?? Did Ah Wee offer a takeover @ 3+....even lower.
rodney301 ( Date: 14-Jul-2009 20:13) Posted:
| with a Group NAPV of around $9.44, I can hardly believe why this counter is trading at only around $4.50. is it being neglected by investors??? any opinion??? |
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Of all the net asset, majority comes from Investment Properties.....4B.....Asset like Marina Sq, Gateway is already 20 year old......I really don't know if it is due for the 30 years lease??
When was this properties valuated ?? Did Ah Wee offer a takeover @ 3+....even lower.
rodney301 ( Date: 14-Jul-2009 20:13) Posted:
| with a Group NAPV of around $9.44, I can hardly believe why this counter is trading at only around $4.50. is it being neglected by investors??? any opinion??? |
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with a Group NAPV of around $9.44, I can hardly believe why this counter is trading at only around $4.50. is it being neglected by investors??? any opinion???
wondering if it was shorted by someone. seems to drop everytime it goes up a bit....
haha. well, at least i admitted i got in :D well, anyway, I only have 2 counters at this moment. one defensive and one is this sp land. :D just waiting for dip to get into other interested counters :D
nickyng ( Date: 14-Jul-2009 14:05) Posted:
talking your counter again? :D
rodney301 ( Date: 14-Jul-2009 13:33) Posted:
| just got in this counter seems undervalued with other property counters getting much ahead from March low. got the backing of UIC Corp (headed by UOB chief Wee Cho Yaw). all time high of over $12. still has a lot of potential considering that Singapore just revised its GDP forecast in my opinion |
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talking your counter again? :D
rodney301 ( Date: 14-Jul-2009 13:33) Posted:
| just got in this counter seems undervalued with other property counters getting much ahead from March low. got the backing of UIC Corp (headed by UOB chief Wee Cho Yaw). all time high of over $12. still has a lot of potential considering that Singapore just revised its GDP forecast in my opinion |
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just got in
this counter seems undervalued with other property counters getting much ahead from March low. got the backing of UIC Corp (headed by UOB chief Wee Cho Yaw). all time high of over $12. still has a lot of potential considering that Singapore just revised its GDP forecast in my opinion
uncle AK:- how is yr spc doing???
FY08 results:
Sland-NLAT, -117.444m(20cts???), Kland, NPAT,227.669m(div 8cts), Cland, 1260.113m(div,7cts)
Why local like to go Changi Vilge for nasi lemak????
Likewise, today traded vol for:
Cland,66.327k; Kland, 17.153k, poor Sland, 265lt. Moreover, d knee jerking news of failure of mandatory uncond cash offer by UOL whom UIC, 72.4% stake offer of 3.57 per share. No interest liao. 1Q result is coming soon, wat expect on ppties at current market sentiment????
PS. Pse note that if MAS firms on devalue of S dollar in Apr, d above would be affected as well, esp those got wider footprint of ppties abroad, which were quoted in USG.
burbur ( Date: 02-Apr-2009 17:51) Posted:
Any sifu can advise why SP land's rise seem relatively modest compared to than rest of property counters like Capitaland around +30%, Kepland around +60%.
SP's financial looks good - NAPS $9.92, EPS $3.29 (this is like SP's price now?!)...some more they plan $0.20 dividend payable in May 09 once approved. Based on current price, it is about 6% return.
No recommending anyone to buy/sell, but just want to know any news that could be holding back interest on this. Or simply because it did not drop so much in the first place compared to the others? Thanks.
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Any sifu can advise why SP land's rise seem relatively modest compared to than rest of property counters like Capitaland around +30%, Kepland around +60%.
SP's financial looks good - NAPS $9.92, EPS $3.29 (this is like SP's price now?!)...some more they plan $0.20 dividend payable in May 09 once approved. Based on current price, it is about 6% return.
No recommending anyone to buy/sell, but just want to know any news that could be holding back interest on this. Or simply because it did not drop so much in the first place compared to the others? Thanks.
All 3 halt counters have WCY as their Chairman, hmm, is he planning to step down with a share swop? I'm speculating of course, since market is quiet today, nothing much to do.
hmmm.....Share trading HALT !! wondering if it is gd or bad news ??!? SHORT !? :P
No vol. leh! How to sustain the upward trend? I think this one is one of the most undervalue property stock around base on its NAV.
wah!! this burger finally moving significantly!! almost 50cts up today !! wat's cooking??? URA announcing somethg on land use har? hee.....
BuyBuyBuy
