Hong Fok
Last:0.725
+0.005
Hongfok - recharged from 2Q09
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HongFok: Bullish Setup!
Author: stistocktrading
Bullish Signal: Bullish flag in formation with retracing volume!
Entry price: $0.73 with volume exceeding 1.2 million by 12pm!
Stop loss: $0.695
Profit target: $0.78
Reward to risk ratio: 1.43...last: $0.725... recent low: $0.645...1-year high: $0.750...
OSK DMG initiates coverage on Hong Fok
http://research.dmg.com.sg:9898/UploadPDF/SG%20Retail%20Research_Hong%20Fok_16%20Sep%202013.pdf
74.5c up 6.5c plus high vol > 5.6m - possibly something else. waiting for SGX to query & if no news px will drop back again tomorrow (sign!).
Do'nt believe OSK/DMG is that powerful to move this sleeping stock. Vested.
shygiraffe ( Date: 16-Sep-2013 10:31) Posted:
UP today - DMG cover
68% discount to its RNAV |
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Update on Concourse Skyline : Total project units: 360
Release for sale: 342 vs Sold: 241 (@ July 2013 per URA)
Balance released but unsold: 101 (excl 18 units kept for rental income). 
UP today - DMG cover
68% discount to its RNAV
One piece of " dead wood" is gone, but no revamp to the " CORRUPT" Board who enriched themselves with high pay disproportionate to industry norm, dividend declared and Group's profitability.
HONG FOK CORPORATION LIMITED
(Company Registration No. 196700468N)
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
The Board of Directors of Hong Fok Corporation Limited wishes to announce the resignation of Mr Lai Meng Seng as an Independent Non-Executive Director and a member of the Audit and Risk Management Committee with effect from 22 August 2013. The Board would like to express its appreciation to Mr Lai Meng Seng for his contributions.
The redevelopment of International Building, which involves an extension of a single storey commercial block and conversion of exsting car park block into a new 27-storey 576-room hotel in the prime Orchard Road shopping belt, is expected to yield a significant revaluation surplus for the group once it is completed. The group has paid a development charge of $63.5m to the URA in 1Q13 to effectively double its gross floor area from 15,267 sqm to 31,150 sqm. A revaluation of the new International Building complex is likely to boost its current book value of $1.71 and further support the share price. At $0.70, Hong Fok trades at a compelling 0.41x P/B.
this counter is way below valuation...... clear 0.72 ... ho sey
2Q13 net profit ballooned 264% to $13.5m while revenue accelerated 135% to $71.1m. This was mainly attributed to the higher recognition of revenue for Concourse Skyline. Going forward, Hong Fok will continue to recognize revenue from its Concourse Skyline project based on the percentage of completion, while its office rental revenue will remain stable. Further, the group expects to see an increase in its property valuation within 12 months, after the redevelopment of International Building which involves an extension of a single storey commercial block. Separately, the redevelopment of a car park block into a new 27 storey hotel at 360 Orchard Rd. Net gearing increased to 0.5x from 0.43x Hong Fok currently trades at 0.45x P/B.
Luxury cabin concept hotel to open in Singapore
SINGAPORE – Imagine sleeping in a room that is bigger than a Japanese capsule accommodation but smaller than a traditional hotel room. Add that thought to the idea of flexible and convenient first –class airlines cabin luxury and you will get the DNA of a YOTEL room. Very soon, travellers coming into Singapore will have an option to stay at a YOTEL property when it opens here in 2018.Following is opening of the 669-room cabin hotel in Times Square, New York, the YOTEL concept springboards its way into Asia with the 600-cabin property on 360, Orchard Road. YOTEL is the brainchild of YO! Founder Simon Woodroffe and YOTEL chief executive officer Gerard Greene who aim to provide ‘first class’ hotel experience at affordable prices.
“Given Yotel is heavily inspired by Asian culture, it is fantastic that we are launching such an iconic project as our first project in Asia. The location is one of the best in Singapore and we have fantastic partners in Hong Fok Group who share our vision. YOTEL will bring a unique hotel experience to Singapore, it’s a perfect time for the city to embrace a new and exciting brand, a first for Singapore and the launch of affordable luxury for the hotel scene in Asia,” said Greene.
YOTEL’s cabins are uncompromisingly designed around guests to give them a bigger experience in a smaller space. The intelligent use of space means guests can enjoy perfectly designed cabin in which to relax, refresh, connect and sleep. Luxury bedding, rejuvenating monsoon rain showers, relaxing purple mood lighting and YOTEL’s ‘techno wall’ with flat screen TV, multi power points and iPod connectivity. As in all YOTELs, super strength Wi-Fi throughout all the ‘cabins’ and public spaces will be complimentary.
The Singapore hotel will have YOTEL’s signature elements of its flagship ‘city’ properties and will include a Club Lounge space with ‘Club cabins’ that double up as meeting and work spaces during the day, transforming to a restaurant/bar space in the evenings and weekends, and large outdoor terrace space with a pool and a gym. A mixture of fun, excitement and amazing design all at an affordable price.
Whether or not YOTEL Singapore will choose to replicate ‘YOBOT’ – the now infamous ‘world’s first’ luggage storing robot, which has become an attraction in its own right and who is a permanent feature at YOTEL New York is yet to be decided.
“We’re very excited to announce our first project in Asia for YOTEL, The Singapore hotel will be a launch pad for our brand to expand to major cities and airports throughout Asia” said Joe Sita, chief executive officer of IFA Hotel Investment.
The luxury sleep box concept hotel is targeting both business and leisure visitors to Singapore. The management agreement has been made with Yat Yuen Hong Company Limited a wholly owned subsidiary of Hong Fok Corporation Limited.
YOTEL also currently operates three terminal airport properties at London Heathrow, London Gatwick and Amsterdam Schiphol. The unique ‘in-terminal’ hotels are located minutes from departures and arrivals, are bookable by the hour for a few hours or an overnight stay. Ideal for guests to freshen up on arrival, spend a long transit, or to stay the night before an early flight.
For more on YOTEL, visit www.yotel.com.
Volume increased coupled w interesting price actions. Any comment?
Hong Fok Q1 profit more than doubles to S$10.1m
The company attributed the higher revenue to the recognition of sales of residential units at the Concourse Skyline, the condominium component of the mixed-use development The Concourse - PHOTO: HONG FOK CORP
Property developer Hong Fok Corporation's first-quarter profit more than doubled to S$10.1 million from S$3.7 million a year ago, on the back of a surge in revenues.
Revenue for the three months ended March 31 also more than doubled to S$57.2 million from S$25.3 million a year ago.
The company attributed the higher revenue to the recognition of sales of residential units at the Concourse Skyline, the condominium component of the mixed-use development The Concourse.
However, cost of sales increased to S$35 million from S$11.1 million a year ago
Another one quietly moving up slowly....
17 Jan 2013 - Singapore property company Hong Fok Corporation is selling five-year bonds in its inaugural issue in the local bond market. The unrated senior notes are being offered at an initial price guidance of 5% area. HSBC and OCBC are joint lead managers. They are also arrangers and dealers for Hong Fok's newly set up SGD300m multicurrency MTN programme, from which the newbonds will be issued. The borrower decided to launch the deal following strong reverse enquiry from aroadshow. Private banks will be given a 25-cent rebate. This is expected to be today's business.
64.5c! Just when stock price moving up SGX put roadblock (sign!)7 January 2013
Dear Madam
QUERY REGARDING TRADING ACTIVITY
We have noted, and draw to your attention, a substantial increase in the price of your shares today. To ensure a fair, orderly and transparent market, please answer each of the following:
Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.
Question 2: Are you aware of any other possible explanation for the trading?
Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Securities Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation.
We have released this letter via SGXNET.
Yours faithfully
Kelvin Koh
Vice President
Head, Market Surveillance
Risk Management & Regulation |
http://sgftt.blogspot.sg/
Before and after trade. Congrat to those who follow me.:cool:
sgfulltimetrader ( Date: 28-Dec-2012 15:14) Posted:
hit my target ...!!! 58.5cts ..
sgfulltimetrader ( Date: 23-Dec-2012 19:27) Posted:
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hit my target ...!!! 58.5cts ..
sgfulltimetrader ( Date: 23-Dec-2012 19:27) Posted:
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Report to:
http://app.cpib.gov.sg/cpib_new/user/default.aspx?pgId=216
Hong Fok & other property stocks are going UP- after QE3 (infinite).
http://hongfokminorities.wordpress.com/
