2nd Liner Prop Stocks

More
15 Jul 2014 19:35 #20381 by yeng
Replied by yeng on topic 2nd Liner Prop Stocks
Hi Sumer, re "I believe Hiap Hoe has sold about 85% of the 461 units at Marina Tower Melbourne within one week" --- may we know where you got the figure from. If true, it's an excellent result.

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

More
17 Jul 2014 23:00 #20416 by axe
Replied by axe on topic 2nd Liner Prop Stocks
Hiap Hoe has issued a statement denying the fact that they have sold 85% of their Australian development in 1 week.

This serves as a good reminder for all readers to check and verify all published materials on this website before making an investment. As this is a community based website and no one is liable for false information, there might be a lack of due diligence on the part of the content writers and moderators.

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

More
18 Jul 2014 01:04 #20418 by sumer
Replied by sumer on topic 2nd Liner Prop Stocks
Hi axe, yes I have seen Hiap Hoe’s note to SGX.

In the said post, I had written: “I believe Hiap Hoe has sold about 85% of the 461 units at Marina Tower Melbourne within one week. This, if true, is an impressive feat…” I had gotten the information from agents marketing the project, which as it turned out, was not accurate. When I wrote “This, if true..”, the qualification I had in mind was that the information was gotten from agents, but on hindsight I should have clearly stated so, although I doubt it would have made a big difference.

As a retail investor who does my own research and analysis of stocks, I am not privy to as much information and direct access to company personnel as analysts and reporters, who also have their slip-ups nevertheless. I also do not have the benefit of having an editor to vet my copy or the time and skills to ensure zero slip-ups, especially if forum notes are quickly penned early in the morning before I set off to do this chore or that. Hence, I leave it to readers to decide whether there “was a lack of due diligence” or whether this was just a slip-up that sometimes occur due to one reason or another, despite the diligence to avoid.

Perhaps readers have followed my much earlier posts on Hiap Hoe and Superbowl a few years ago, when I was writing about how rather undervalued they were, and benefited from them. Likewise, I have shared my take on Chip Eng Seng before it became more followed by forumers and covered by analysts. I have always felt there was insufficient coverage and information on 2nd liner property developers, and with good intention, I decided to share it on Nextinsight. At the same time, I try my best to again and again qualify that these were my “personal views and estimates”. I trust that readers would also do a bit of research, read up on other forum pages, etc and make up their own mind. And I am always grateful to readers who highlight to me certain information that I was not aware of, or who chip in with one contribution or another. That is the kind of spirit that springs from goodwill and generosity.

Nevertheless, I would like to apologize for the slip up on MTM sales figure, and on a brighter note, I hope that Hiap Hoe would indeed be able to sell this project quickly, even if it’s not as fast as what I was previously told.
The following user(s) said Thank You: Wiki, Ogre

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

More
18 Jul 2014 01:39 #20419 by Wiki
Replied by Wiki on topic 2nd Liner Prop Stocks
No worries Sumer!! Everyone slips up sometime, we are only human after all. I have been a long time follower of your postings here and have benefited well from your generous sharing of info.

I have also experienced agents inflating sales figures when checking up on project sales for my own research. It's a rather common sales tactic and it's good to give a discount to those figures.

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

More
18 Jul 2014 02:20 #20420 by sykn
Replied by sykn on topic 2nd Liner Prop Stocks
Sumer, you have qualified your remarks, so no need to apologize. I appreciate your personal assessments; in this community, we've got to help one another understand the companies we invest in, so that we can prosper together and avoid any traps that come up. In any case, HH did not give any specific figures apart from denying your figures are true. For all we know, your assessments may well be pretty close to the facts! (Vested)

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

More
18 Jul 2014 18:26 #20423 by yeng
Replied by yeng on topic 2nd Liner Prop Stocks
HH's statement said "...wishes to clarify that the suggestion in the Article that the Group has sold about 85% of the units in the Group’s Marina Tower Melbourne project in one week is not true."

Well, what is the sales figure then? HH could have given the figure. In its absence, people are left guessing if ....

a. It's close but not 80%. For example, it's 75%.

b. It's low, so quite embarrassing to reveal. For ex., 25%.

c. It's 'normal' range expected for first week. Perhaps 20-40%.

So which answer is it really, Hiap Hoe?

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

Share Prices

Counter NameLastChange
AEM Holdings3.9100.020
Avarga0.335-
Avi-Tech Electronics0.460-
Best World Int.1.360-
CEI1.140-
China Sunsine0.4900.005
CNMC GoldMine0.275-
CSE Global0.485-
Food Empire0.7500.005
Golden Energy0.168-0.004
GSS Energy0.0590.001
ISDN Holdings0.630-
ISOTeam0.129-
IX Biopharma0.255-
JB Foods0.570-
KSH Holdings0.3650.005
Medtecs Intl1.1200.020
Moya Asia0.073-0.003
Nordic Group0.2450.005
Oxley Holdings0.230-0.010
Procurri0.290-
REX International0.156-0.001
Riverstone1.5000.010
Roxy-Pacific0.3550.005
SingMedical0.335-0.005
Sri Trang Agro1.2800.010
Straco Corp.0.5800.005
Sunningdale Tech1.5600.020
Sunpower Group0.945-0.030
The Trendlines0.096-
UG Healthcare0.7200.005
Uni-Asia Group0.600-0.010
Yangzijiang Shipbldg1.070-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 909 guests and no members online