Chip Eng Seng

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07 Aug 2014 01:27 - 07 Aug 2014 01:27 #20581 by axe
Replied by axe on topic Chip Eng Seng
Pretty good results on the whole but only $8+ million profit for its 40% stake in Belysa ? Seems to be really low. Anyone have a possible reason for that ?
Last edit: 07 Aug 2014 01:27 by axe. Reason: Typo

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07 Aug 2014 01:47 #20582 by potatolover
Replied by potatolover on topic Chip Eng Seng
Residential projects (e.g. EC) have very low profit margin.

The real cash cow are the retail/commercial segments.

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07 Aug 2014 02:29 #20584 by axe
Replied by axe on topic Chip Eng Seng
May I know your estimates for Belysa ?

Summer estimated around $16m profit, which is quite close to mine.

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07 Aug 2014 03:02 - 07 Aug 2014 03:41 #20585 by potatolover
Replied by potatolover on topic Chip Eng Seng
sorry, I don't have the estimate for Belysa.

But my estimate for upcoming Nine Residence is only $4mil.

The real money earner is the retail segment, i.e. Junction 9. My estimate of net profit is $166 mil for Junction 9.
(estimated using actual transaction data plus some interpolation)
Last edit: 07 Aug 2014 03:41 by potatolover.

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07 Aug 2014 15:57 #20590 by potatolover
Replied by potatolover on topic Chip Eng Seng
still dropping today despite the more than 200% jump in EPS for 1st half FY2014.

Mr Market is really good :)

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07 Aug 2014 16:39 #20591 by ateo
Replied by ateo on topic Chip Eng Seng
well that can open up more opportunities for other or more CES-enthusiasts to buy in? market fluctuation or irrationality is something we have to bear with.

as long as you did your homework and gotten in at a reasonable price. don't have to worry too much right?

(not vested)

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