Roxy Pacific - undervalued

To the poster on Sing Holdings: Thank you for highlighting Sing.

So far no one compared the dividend aspect and the recurring incomes.

1. SingHldgs doesnt pay an interim dividend. For final div, 1 cent for Fy11.

Roxy has just started an interim and has been paying higher final div every year.

2. Roxy has recurring income from its hotel --- this gives the earnings profile a stability.

Sing Hldgs profit is coming frm a 1 or 2 projects currently. This tap cannot sustain...after project TOP. Sing Hldgs has Robin site but it is 1 single project. 

Roxy ! So many shares trade today 15,095,000. Some days, so quiet.

CEO's investment vehicle loaded up >1 million shares today.

Share price now at new record of 49 cents.

OCBC Investment Research, 13 Sept :

Since we upgraded ROXY to a buy rating on 20 Mar 2012, the share price has appreciated 32.4% to date, significantly outperforming the STI which came up 0.9% over the same period. We believe, however, that management’s execution remains spot on and further upside likely lies ahead. Maintain BUY with a higher fair value estimate of S$0.54 (25% RNAV disc), versus S$0.50 previously, as we lower the RNAV discount to reflect a higher sell-through in existing projects and careful execution.

Roxy-Pacific owns 1 hotel, just 1 for the longest time -- the Grand Mecure Roxy Hotel.

It is time to grow this segment. The time is coming ....if you read the company's latest announcement on Sept 13, which states in passing :

"As the Group intends to expand the Hotel Business, the Board of Directors is of the view that it would be appropriate to segregate the Hotel Business and the property investment business currently undertaken by RPD."

Para 3 of announcement

My god, who is accumulating Roxy at this record high level? 52 cents is the record. It's a bullish breakout, ya!

Breakout with a conviction ----> now 54 cents on volume of 1.3 m shares down so far today