Post Reply
1-20 of 23
Watch this one to fly on Monday................according to reliable source and fundamentals
very attractive price at current level,1.56,,,,,,,,,cheap......cheap....fair value@1.7
singapore gal, can you post the ta chart to show everybody?
TA charts starting to look bearish again.
Ascott looks to have bottomed out. Acc/Dist and Chaikin on the rise.
Very attractive indeed. However, even Capitaland has dropped so much. With its divvy only declared in May next year, there will not be too much upside for now, not unless there is a special divvy to be declared soon. Meanwhile, just heart pain.
attractive price at current level
expect the price to drop till about 1.35-1.40 before picking up... may have to prepare for more paper loss... anyone has other opinions?
I cannot believe it has drop so much and me vested at 1.75. Paper loss so much.
No scared , still holding, very soon, ppl with see that it is a safe haven. Well diversified stock, min risk, still vested. Only no money to buy more, otherwise would seriously consider this counter. Service apartment play in Singapore, hotel rooms scarce situation now, with hotel rooms not coming on line anytime soon. I would think it would benefit from the situation, don't you think so? Anyway its your call, not an inducement to buy pse.
Yes, my paper loss is "no eye see" for this counter. However, the fundamental is good, so I shall freeze it for a while. May the good times come back soon!
My loss is bigger and bigger. How come this stock is dropping further leh? 
I think the reason is bad sentiments, good fundalmental stock, well diversified properties all over the world. I would put it on hold very soon the price should come back, ppl liquidating this stock because it did not drop as much, liquidate to buy other stocks that they may think is a better buy in the short term. Just a guess, vested
same here.
Why this counter is dropping further leh? Much lower than my Buy price.
Less confidence liao.
Ascott up gains for 1H 07.
0642 GMT [Dow Jones] It may to be time to lighten exposure to Singapore homebuilders, according to JPMorgan; expects market expectations to become more realistic, share prices to consolidate. Says "we acknowledge there are few obvious negative catalysts to precipitate a sell-off in the sector, the elimination of starry-eyed over-enthusiasm in future sectoral returns should limit share price outperformance from here at the very least." Brokerage says Ascott Group (A07.SG) is top pick among property groups; trades down 3.6% at S$1.90 on thin volume as property stocks fall back on profit taking after recent gains. (JEM)
Thanks DeeDee
it went down today, i'll ride the rising wave later, give her some time to warm the chair.
Here's the report:
The Ascott Group
Spreading its footprint
Buy S$1.88; Re-intiation; Price Target : 12-Month S$ 2.16
Story: The Ascott Group (TAG) is the largest international serviced
residence owner-operator outside USA. It manages over 19,000 serviced
residence units under the brands ? Ascott, Somerset and Citadines ? in 47
cities in 21 countries across Asia, Australasia, Europe and the Gulf
region.
Point: Plans to increase its portfolio to 25,000 units by 2010 in existing
as well as new markets in Middle East, India and Russia, will drive
earnings growth. In addition to Ascott Residence Trust listed in 2006, TAG
has successfully launched a S$500m Ascott Residences (China) Incubator
Fund. More development funds for expansion in emerging markets are
expected. Gains from asset sales will add $144m to FY07 earnings. Future
growth will be fuelled by its gradual change in business model to embrace a
capital recycling strategy mirroring its parent Capitaland.
Relevance: We forecast an average 20% rise in EBIT over 2007-2010, riding
on the growing short?term, project-based business travel markets. Based on
our SOP valuation of $2.16 which include a 22x EV/EBITDA on core earnings,
we reinstate TAG with a Buy recommendation.
DBS Vickers report out in the Business Times.
Long term hold.