Hiap Hoe

More
05 Dec 2017 15:53 #24164 by pine
Replied by pine on topic Hiap Hoe
"..... good redevelopment potential for Orchard Towers."

??? Where will the current beautiful service ladies go then?

Please Log in or Create an account to join the conversation.

More
09 Jan 2018 14:07 #24189 by pine
Replied by pine on topic Hiap Hoe
HIAP HOE has crossed the 90-cent level, now 93 cents. I enjoy this big move up from 70 cents in July 2017. What a show — in addition to some small dividends. Ogre, do you think Privatisation is on the cards?

Please Log in or Create an account to join the conversation.

More
09 Jan 2018 23:16 #24190 by Ogre
Replied by Ogre on topic Hiap Hoe
The recent purchase by Hiap Hoe Holdings has definitely improved investor sentiment. I think privatisation is still on the cards. For Hiap Hoe Holdings to purchase the remaining shares (25% of 470M is 117M shares)) in the market to privatise should be chicken feet for them. At an offer price of S$1.20 (80% of NAV), they will only need to raise $141M.

Why Privatise?
- Reduce cost associated with listing.
- No longer need to answer to public shareholders.
- Seriously start to sell their investment properties to enjoy the profits. I think they have been delaying in selling their investment properties so they will not have to share the profits with the current shareholders.

Why stay listed?
- Easier to raise funds. (Overseas banks more willing to lend to listed entities.)

Why I think they are trying to Privatise?
- No more new development projects even though other developers have been active. Hence no need to borrow more money.
- Buying large chunks of shares through private deals (they seem to be seeking out big shareholders). This will help to reduce the takeover cost.

Please Log in or Create an account to join the conversation.

More
03 Feb 2018 16:42 - 31 Jul 2021 16:07 #24258 by Ogre
Replied by Ogre on topic Hiap Hoe
With a Valuation of $205million for the Orchard Towers buy, I think HH may book a $40million profit for Q4.

They should also be collecting the rest of the payments for Marina Tower too.

I hope their annual report will look good.
Last edit: 31 Jul 2021 16:07 by Ogre. Reason: Broken Link

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings4.180-
Avarga0.290-
Avi-Tech Electronics0.395-
China Sunsine0.520-
Food Empire0.820-
Fortress Minerals0.390-
Geo Energy Res0.385-0.005
Golden Energy0.410-0.020
GSS Energy0.081-0.001
InnoTek0.7800.005
ISDN Holdings0.630-0.005
ISOTeam0.1370.012
IX Biopharma0.2450.005
Jiutian Chemical0.089-0.002
KSH Holdings0.360-
Leader Env0.0760.002
Medtecs Intl0.370-0.005
Moya Asia0.066-0.001
Nordic Group0.3700.010
Oxley Holdings0.2050.005
REX International0.350-0.005
Riverstone0.870-0.005
Sinostar PEC0.330-0.015
Southern Alliance Mining0.805-0.005
Sri Trang Agro1.360-0.010
Straco Corp.0.495-0.005
Sunpower Group0.530-0.035
The Trendlines0.104-
Totm Technologies0.2050.005
UG Healthcare0.325-0.010
Uni-Asia Group1.400-0.040
Wilmar Intl4.400-
Yangzijiang Shipbldg1.410-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1921 guests and no members online