Investment Plan for 2012 - What's yours?

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12 years 7 months ago #8554 by greenrookie
I bought hong fok after reading summer thread on Forum. More speculative then long term. 0.3 p/b and 2.2 PE and the concourse skyline project should provide high margin of safety as I await news of it development at orchard. the valuation metric should hold at least for the next few quarters. Skyline should be around 60% sold. It's biggest and most ex. Residential project. top in 2013, must say that the sales is rather unimpressive. But then again, it's priced rather ex. If they do intend to build a hotel at orchard, I must say that the stock will be severly undervalued at current price. However, counter is rather illiquid and company is small small fish

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12 years 7 months ago #8559 by pine
Replied by pine on topic Hong Fok
Hmmmm...I read up a bit on Hong Fok. Yes, revenue growth was impressive and Net Profit was too. NP went up from $99 m to $140 m in 2011. The market cap is not small, at $300+ million. One problem I have with it is the zero dividend. Zero! And it's not just zero for FY2011. It's zero since 2007! The last time HF paid a dividend was Nov 2007. Ok, calm down..... I tell myself..... This bugger got big saving grace. It's severely undervalued in P/B terms. Oi, greenrookie & sumer, is this the main reason to fall in love? Hope one day the love will not stay unrequited? Er.....

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12 years 7 months ago #8583 by pine
Replied by pine on topic Re: Hong Fok
Hong Fok giving bonus 1 for 5. Same pizza pie getting cut up into 6 pieces, instead of 5. What's the big deal?

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12 years 7 months ago #8588 by Val
abb, you are not wrong ...however, the market seems to like this bonus issue... you can see Hong Fok shares are up 9.2% this morning. I can see greenrookie smiling ...... by the way, your concern about the illiquidity, I always believe when the price is 'right' there will be liquidity , there will be sellers and buyers.  Hong Fok, at the higher price today, has brought out sellers who happily let go to those who bought because of bonus issue

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12 years 7 months ago #8592 by greenrookie
Replied by greenrookie on topic Hong fok - thanks Sumer
Hong fok went up 16% today. Thanks Summer for highlighting this stock. I was expecting an 10-15% gain over 6 months, yet I got almost 20% over less than 2 weeks. While the stock may well still fly after they announce the development plan in orchard, I stick to my plan and say bye bye at almost the day high. This short term punt is really short term. My long term goal is to built up a long term portfolio of income generating stock and have not more than30%on speculating pennies. After this sale, I will have the buffer and ammno to wait for opportunity to accumulate the 2 pennies which I also like.

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12 years 7 months ago #8596 by yeng
Replied by yeng on topic Re: Hong fok - thanks Sumer
Well done on securing a gain of almost 20% in less than 2 weeks. But sell out so fast? What happened to the original investment thesis : cheap at 0.3 P/B, Orchard hotel details to be unveiled, etc. ? Sometimes too quick a gain can be a bad thing if this stock flies another 20% in less than 2 weeks.

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