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.

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.

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 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!!!

some rumor talked about selling CUB land. With TM issue and CUB out, still good news?

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.