Chip Eng Seng

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04 Feb 2015 22:16 #21674 by Joes
Replied by Joes on topic Chip Eng Seng
CES, having recovered from the shock resignation of the CEO, is now a whisker from its all-time high price of 94.5 cents (achieved in Sept 2014). I hope a bumper dividend (exceeding the usual 4 cents/sh) will be proposed in order to sustain/reward investor interest.

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05 Feb 2015 16:33 #21679 by potatolover
Replied by potatolover on topic Chip Eng Seng
Low Keng Huat rose from $0.68 to $0.74 or 8 % Gain, just because of an acquisition that will provide recurring income of only $4.2 million or 0.56 cts per share if no further value is added to the property.

Imagine the market reaction when Chip Eng Seng' s Alex Hotel TOPs in 3 month' s time. Recurring income of $14mil per annum or 2.2 cents per share will kick.

Plus there should be revaluation gain of ~30 cents in NAV because CES cost per hotel room is only around $0.4mil to $0.45mil while a typical 4-star hotel room valuation should be around $0.82mil to $0.9mil.

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06 Feb 2015 14:05 #21685 by RT Knight
Replied by RT Knight on topic Chip Eng Seng
Company address change to CES Center. Meaning that, the CES Center has start operation. Expect regular income contribution starting this quarter.

Company Name Chip Eng Seng Corporation Ltd
Registered Office 171 Chin Swee Road, #12-01, CES Centre, Singapore 169877
The following user(s) said Thank You: potatolover

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07 Feb 2015 00:00 #21688 by potatolover
Replied by potatolover on topic Chip Eng Seng
The recent interest rate cut in Australia will help to boost the housing market in Australia :)

Good for CES as it still has 3 land banks in Australia.

If TM is included, that will be 4 land banks!!!

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09 Feb 2015 12:44 #21696 by RT Knight
Replied by RT Knight on topic Chip Eng Seng
some rumor talked about selling CUB land. With TM issue and CUB out, still good news?

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09 Feb 2015 12:50 #21697 by RT Knight
Replied by RT Knight on topic Chip Eng Seng
lands/projects in Australia:

1. TM: Issue with neighbor
2. CUB: project approved one year ago. having issue with the shadow covering the public library.
3. 242 west coast highway: was 50% own when May2010 first purchased, then partner left, now 100% own by CEL, no project direct till now.
4. Doncaster project: said to be launch during 1H-2015.

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