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Allgreen - Can buy ?
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daphnecsf
Senior |
07-Sep-2009 11:49
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Sweet, Allgreen start moving up! Based on Average TP$1.50, Allgreen still have 23% upside. CIMB TP $1.50 UOB TP $1.75 DBS TP $1.39 OCBC TP $1.38 Average TP $1.50 |
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retsel
Member |
05-Sep-2009 11:35
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All green possible cup and handle formation? Chart at: http://www.sharejunction.com/sharejunction/openNewChart.htm?symbol=S68 |
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yipyip
Master |
05-Sep-2009 01:32
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Strategy - uobkayhian 24 August 2009 Key Highlights Of Teleconference With Las Vegas Sands We had a teleconference with Las Vegas Sands on its subsidiary Marina Bay Sands (MBS), one of the Singapore’s two integrated resorts (IR) currently under construction. Opening in mid-February, potential visitorship of 14m-15m in first year. MBS targets opening in mid-Feb 10 and is anticipating a visitorship of 14m-15m in the first year. Investors remain skeptical on the impact of Singapore’s IRs, but the man in the street believes otherwise, judging from the astounding residential property sales over the last three months (with Singaporeans forming the bulk of the buyers). This suggests that the stock market possibly has not fully recognised the benefits of the IRs. Stock Picks IR operators. We prefer Genting (GENT MK/BUY/RM7.60) over Genting Singapore (GENS SP/HOLD/S$0.95) given the former’s cheaper valuations. We also recommend investors to look for better values in indirect plays to the IRs which include the following sectors. Property stocks. The IRs were the major catalysts of the last property boom in 2005- 07, creating buzz for Singapore's transformation into a top global city in which to live, work and play. We see the property sector as the largest IR play by market capitalisation. Our top stock picks are Ho Bee Investment (HOBEE SP/Target: S$1.65), City Developments (CIT SP/BUY/S$12.70), Allgreen Properties (AG SP/BUY/S$1.75) and Wing Tai Holdings (WINGT SP/BUY/S$2.55). Tourist arrival recovery plays. We forecast tourist arrivals to rebound 20% in 2010 after a 12% contraction in 2009. MBS and Resorts World@Sentosa will require external room supply to support their businesses. CDL Hospitality Trusts (CDREIT SP/BUY/S$1.55) is among our top 10 stock picks for 2H09. As the opening of the IRs looms close, we expect investor interest to shift to other hotel stocks such as Amara Holdings (AMA SP/NOT RATED), Fragrance Group (FRAG SP/NOT RATED) and Hotel Properties (HPL SP/NOT RATED). Media. A recovery in advertising spending from the multiplier effect of the IRs on the property and services sectors will be positive for Singapore Press Holdings (SPH SP/BUY/Target: S$4.40). Other services. Transport plays will also benefit. We prefer non-airline stocks such as SMRT Corporation (MRT SP/BUY/S$2.00), ComfortDelgro (CD SP/BUY/S$1.85) and Singapore Airport Terminal Services (SATS SP/NOT RATED). Nancy Wei (65) 6539 8480 nancy.wei@uobkayhian.com |
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ronleech
Master |
04-Sep-2009 15:01
Yells: "Believe in yourself. Ride with the waves......" |
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Property counter...go cheong Yanlord....Singapore government may implement measures to prevent local property market overheat....China only starting to rise from the grave after recent sell down.. | |||||||||||||
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yipyip
Master |
04-Sep-2009 09:39
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28 August 2009 Allgreen Properties Ltd S$1.21 Target: S$1.50 Source: Company, CIMB-GK Research, Bloomberg Insights from company visit Mkt.Cap: S$1,924m/US$1,335m Property Devt & Invt Valuation and recommendation: Raising RNAV estimate and target price; maintain Outperform. We raise our ASP assumptions for Allgreen’s Singapore and China projects, based on the latest guidance. In particular, our China ASPs have been raised from Rmb10,000psm to Rmb12,000-14,000psm, to reflect optimism on China properties. Our estimates are still 10-15% below guidance. Our FY09-11 core EPS estimates have been raised by 8-30% as a result. We raise our end-CY10 RNAV estimate and target price (parity to RNAV) from S$1.38 to S$1.50 to factor in the above, offset by lower capital values for Allgreen’s investment properties. While the stock is up 134% YTD, we believe positive take-up of planned launches in 2H09 could lift its valuations further. Allgreen is best positioned to capitalise on rising sentiment for mass-mid-tier properties, in our view, given its large inventory in this segment. Maintain Outperform. |
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yipyip
Master |
04-Sep-2009 08:39
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28 August 2009 Allgreen Properties Ltd S$1.21 Target: S$1.50 Source: Company, CIMB-GK Research, Bloomberg Insights from company visit Mkt.Cap: S$1,924m/US$1,335m Property Devt & Invt Valuation and recommendation: Raising RNAV estimate and target price; maintain Outperform. We raise our ASP assumptions for Allgreens Singapore and China projects, based on the latest guidance. In particular, our China ASPs have been raised from Rmb10,000psm to Rmb12,000-14,000psm, to reflect optimism on China properties. Our estimates are still 10-15% below guidance. Our FY09-11 core EPS estimates have been raised by 8-30% as a result. We raise our end-CY10 RNAV estimate and target price (parity to RNAV) from S$1.38 to S$1.50 to factor in the above, offset by lower capital values for Allgreens investment properties. While the stock is up 134% YTD, we believe positive take-up of planned launches in 2H09 could lift its valuations further. Allgreen is best positioned to capitalise on rising sentiment for mass-mid-tier properties, in our view, given its large inventory in this segment. Maintain Outperform. | |||||||||||||
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yipyip
Master |
03-Sep-2009 18:30
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Allgreen Properties: BUY ; TP: S$1.39; AG SP Geared To Go · Recent meeting with Allgreen management cements our positive view on company · Management comfortable with gearing ratio of 0.65x, which gives it c.S$500m of debt headroom · Four launch-ready projects in mid-tier segment · Top mid-cap pick; Reiterate BUY, TP of S$1.39 All Ready To Go. We met Allgreen management recently and came away assured that it remains in a good position to take advantage of current momentum in the mid-tier segment, given its enviable number of launch-ready projects. Net gearing remains low at 0.46x and management indicated it would be comfortable gearing up to 0.65x. Based on its 2Q09 balance sheet, it provides debt headroom of c. S$500m for any potential acquisitions. Its participation in the Chestnut Ave tender shows it is not averse to supplementing its landbank. Visibility Improving. While FY09F earnings from its development properties segment will largely be underpinned by revenue recognition from Cairnhill Residences (TOP end-09), Cascadia and Pavilion Park, recent success at One Devonshire and VIVA will provide earnings visibility going into FY10F and FY11F. Potential launches in the pipeline will also contribute, as will its share from JV projects in China, which we believe could boost earnings from late FY10 onwards. BUY, TP S$1.39. With four launch-ready projects in various locations, we believe Allgreen is poised to capitalise on buoyant sentiment in the mid-tier segment and realize its fair value. Any success in subsequent mass-market land tenders will likely be RNAV-accretive and provide a further catalyst for the stock. Allgreen remains our top mid-cap pick, with a TP of S$1.39. DBS Group Research . Equity 24 August 2009 |
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daphnecsf
Senior |
03-Sep-2009 16:15
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Sweet :) Allgreen has breakout 12 days EMA today! | |||||||||||||
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yipyip
Master |
03-Sep-2009 15:59
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Breakout from key resistance suggest further upside: Positive breakout. Allgreen Properties is likely to reach higher after breaking out of the flag pattern and above the key supportturned- resistance level of $1.09 on heavy volume. Upside momentum intact. With the RSI trending higher towards the overbought region and the MACD indicator signaling a strong bullish crossover recently, these seem to suggest strength in the current upside momentum. Target price at S1.33-$1.38. Should the breakout materialize, we expect the target price at around $1.33-$1.38 (also happen to be a key support-turned-resistance level). Subsequently, we see the next resistance at $1.66 (peak in Dec ‘07). Initial support at $1.09. Beyond the immediate support at $1.09, the subsequent supports are pegged at $0.87 (Jul ’09 low), followed by $0.63 (key resistance-turned-support level). http://www.ocbcresearch.com/pdf_reports/technical/Technical%20Analysis%20-%20Allgreen%20-%20090724.pdf |
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yipyip
Master |
03-Sep-2009 15:43
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A commentary at the date of this announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. April/May 2009 witnessed the beginning of an improvement in buying sentiment as buyers responded positively to favourable pricing by developers in new launches and relaunches. 4700 units were transacted in 2Q 2009 vs 2600 in 1Q 2009, together exceeding the 4264 units transacted for the whole of 2008. Allgreen benefitted from this improvement with more units sold in various developments in 2Q 2009 vs 1Q 2009. We also took the opportunity to launch One Devonshire in June 2009 with 148 units out of 152 sold to-date. On 3 August 2009, we relaunched the 235 units condominium, Viva, at Suffolk Walk, with 162 units sold todate. With the increased property sales and barring unforeseen circumstances and excluding fair value adjustments, Allgreen is expected to have an improved 2H 2009 over 2H 2008. |
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tonylim
Master |
25-Aug-2009 16:57
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UIC is a better bet. There could be another takeover attempt.
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ronleech
Master |
25-Aug-2009 16:56
Yells: "Believe in yourself. Ride with the waves......" |
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Watch out, it is coming again..... | |||||||||||||
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chewwl88
Member |
13-Aug-2009 00:52
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Allgreen Properties' Q2 net profit up 36.2% to S$23.4m
SINGAPORE : Singapore Exchange's mainboard-listed
Allgreen Properties on Wednesday said its second-quarter net profit rose 36.2
per cent to S$23.4 million from a year earlier. |
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petertan4949
Senior |
24-Jul-2009 00:00
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To date, SAR is my best ,outperform the rest, thank chiongwee, who always post on SAR thread. I did follow since 98c,and in out several time, make many $$$.look like chiong wee call of $2 for SAR coming tomorrow for sure, those who laugh at him, now got no $$$, cheongwee happy still cannot talk liao loh. thanks for des burger ,cheong.
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petertan4949
Senior |
23-Jul-2009 23:48
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sold all 1080, now on longcheer, armstrong, qianhu,tiongwoon, SAR..
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dealer0168
Elite |
23-Jul-2009 23:11
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Now at $1.20, u bi-tang liao.......cheers. But $1.20 quite high already. What yr TP to sell this one, or going to keep long?
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petertan4949
Senior |
23-Jul-2009 18:19
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i was thinking all this while it was done within the day, that's y i ask, hope dont mind. becos it may look odd, when sold at 975 and next buy back at 970.
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petertan4949
Senior |
23-Jul-2009 17:54
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i got 30 lots, because i am stubborn, when i make up my mind, i will not chase if not got even more lots, initial want to have 100, but 30 got thro queue. going forward if the market got no surprise till end aug.i think we are in for good time, but i would not stay beyond that. |
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ronleech
Master |
23-Jul-2009 17:27
Yells: "Believe in yourself. Ride with the waves......" |
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I am just a small speculator.....when it hitted 0.975, there seems to have some correction...after that it went to .96 later see again the vol and buying patten still got upside trend lor....then buy again.... My shifu told me, in share market, when money is not in your bank, it is still not your money cos things might change anytime. Cash out then go in again if you feel it will go up further, at least money already in your bank...... |
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petertan4949
Senior |
23-Jul-2009 17:23
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hey ronleech, forget the first post, i just want to kaypoh why u sold 97.5 and buy back at 97.0 within the day?
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