Sim Lian   

Banking on property development

Sim Lian dividends announcement out in end August in annual report. Good time to buy now?

Dividends expected to be at least 5cents like previous years or will it be 7.5cents bonus like last year?

 

Sim lian considered a hidden gem?

Low pe, high roe, good div yield. 

S& P analyst report on sgx website too 

 

Generation gap:)

Bintang      ( Date: 01-Nov-2012 20:31) Posted: Instead of making new high , Sim Lian had only gone up to 92 cents . It retreated very fast to 72 cents recently with a falling gap . It may take some time to fill this gap . Bintang      ( Date: 17-Oct-2012 12:54) Posted: Property counter Sim Lian Group had formed a monthly hammer at the bottom in March 2009 at 15 cents   . It went all the way up to 54.5 cents in the medium term in Oct 2010 . Coming down slowly for a correction  which had lasted for 15 months to 40 cents   till Feb 2012 . From there it went uptrend again . All these movements were in a long trend upward   channel until recently it broke this channel n surged with heavy volume in Sep 2012 . And with the strong   momentum , it would to test new high at 99 cents .

 

Instead of making new high , Sim Lian had only gone up to 92 cents . It retreated very fast to 72 cents recently with a falling gap . It may take some time to fill this gap .

Bintang      ( Date: 17-Oct-2012 12:54) Posted: Property counter Sim Lian Group had formed a monthly hammer at the bottom in March 2009 at 15 cents   . It went all the way up to 54.5 cents in the medium term in Oct 2010 . Coming down slowly for a correction  which had lasted for 15 months to 40 cents   till Feb 2012 . From there it went uptrend again . All these movements were in a long trend upward   channel until recently it broke this channel n surged with heavy volume in Sep 2012 . And with the strong   momentum , it would to test new high at 99 cents .

 

Property counter Sim Lian Group had formed a monthly hammer at the bottom in March 2009 at 15 cents   . It went all the way up to 54.5 cents in the medium term in Oct 2010 . Coming down slowly for a correction  which had lasted for 15 months to 40 cents   till Feb 2012 . From there it went uptrend again . All these movements were in a long trend upward   channel until recently it broke this channel n surged with heavy volume in Sep 2012 . And with the strong   momentum , it would to test new high at 99 cents .

 

:)

sgnewbie      ( Date: 17-Feb-2012 10:07) Posted: S& P on Sim Lian   http://sg-shares.blogspot.com/2012/02/sim-lian.html

 

S& P on Sim Lian

  http://sg-shares.blogspot.com/2012/02/sim-lian.html 

 

Sim Lian Group Limited  announced the award of a contract by an interested person. Sim Lian JV (Punggol Central) Pte Ltd has awarded a cost-plus contract to Sim Lian Construction Co. (Pte.) Ltd, which is worth an estimated contract sum of $224mn and is expected to be completed in April 2014. 

http://sgsharemarket.com/home/2011/07/singapore-company-highlights-18072011/?=simlian

 

 

 

Sim Lian Group Limited announced that Sim Lian Land Pte Ltd (“SLLand”), a wholly-owned subsidiary of the Company, has submitted a joint tender with Sim Lian Development Pte Ltd (“SLD”), a wholly-owned subsidiary of Sim Lian Holdings Pte Ltd for land parcel at Punggol Central / Punggol Walk for Condominium Housing Development (“Joint Tender”). The Joint Tender emerged as the top bid with a tender price of $363,000,000. If the Joint Tender is successful, it is likely to build approximately 800 units on the site. The units will be a range of two to four bedroom apartments and penthouses, the project is expected to launch in 4Q2011.

 

 

Sim Lian Group 

said it will launch its 99-year leasehold Waterview condo at Bedok Reservoir on Friday, November 19. The group said it will offer half or 348 units in the 696-unit project at an average price of $838 per square foot. The 15-storey development comprises two- to four-bedroom apartments as well as six-bedroom penthouses. Waterview is located at the corner of Tampines Avenue 1/10.

 

/PS

 

 

 

Sim Lian well-positioned to ride property up-cycle in Malaysia through its 2 KL, Johor land parcels, which will yield "especially lucrative" margins due to their significantly lower land and construction costs vs projects in Singapore, says Kim Eng. Expects Malaysian property market to remain resilient, despite looming prospects of global economic slowdown, based on official forecast GDP growth of 5.8% this year, pro-property government policies, increased foreign investor interest, especially in Klang Valley area; "this is heightened by the wide price gap between KL and the other major Asian cities." Tips Malaysian properties to contribute 22%, 35% of Sim Lian's FY09, FY10 earnings respectively. Keeps Buy call, $0.53 target.

 

flare78,  

which other ppty counters with construction capability ?

 
Bishan condo will be launch 2Q/2008 - AMK will not be up yet....

Is this active counter?

 

thanks  

 

This company have a long history and it is one of the few property counter with construction ability.
FA wise, it brings one of best ROE/PTB ratio and PE ratio among the peers....with decent div.

With AMK condo setting record setting price, i'm sure Bishan will even do better.

 

Is this counter / company a good buy to keep ?

I mean compared to Capital Land - this looks really really small 

what are their strengths and strategy ? 

would it be one of those ppty / construction company that people missed out?

 

Thanks

I am new to this... so this is more affordable abut just worry that it cannot hold....


 

 

The Board of Directors of Sim Lian Group Limited (the ?Company?) is pleased to announce that
the Company has incorporated a wholly-owned subsidiary, Perumahan SLG (Kulai) Sdn. Bhd.
(?PSLGK?) in Malaysia.
The authorised share capital of PSLGK is RM500,000.00 divided into 500,000 ordinary shares of
RM1.00 each and the initial issued and paid-up capital is RM2.00 divided into 2 ordinary shares
of RM1.00 each.
The principal activity of PSLGK is that of property development. PSLGK is the special purpose
vehicle set up for the joint development of a piece of land owned by Thong Soon Realty (M)
Sdn. Bhd. for residential purpose (the ?Land?). The Land, known as Lot Nos. 4123, 4124 and
4125 in the Mukim of Senai-Kulai, district of Johor Bahru, has an area of approximately 30
acres.
The incorporation of PSLGK is not expected to have any material impact on the net tangible
assets and earnings per share of the Company for the financial year ended 30 June 2007.
None of the directors or substantial shareholders of the Company has any interest, direct or
indirect, in the above transaction.
Issued By Order of the Board
Ang Lay Hua
Company Secretary
2 July 2007

 

as expected if chip eng seng can cheong 2 days in a row, can sim lian be left behind.
once again just got in nick of time.
both counters looking extremely good thanks to release of new executive hdb plots by
govt.
watch this guys full yr results in august '07, easily increase of 100% revenue growth.

 

Good new!

Sim Lian has been awarded the tender for Bishan S13 land parcel.

http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/425be1d360048c11482572f900197eae?OpenDocument

looking forward to see it break thru $0.735.

Still vested

Cheers

 

 

 

Sim Lian has been moving up steadily from 60cents range to the 52 weeks high of $0.735. It has highlighted in our High Prob setup Forum to keep watch  on potential trade.

Today, volume is high as it attempted to break above 52 weeks high. Read on for the technical picture.

 

watch out for this guy.
very quitely the BB has moved him from the low 60 cents range to 70 cents range.
the resistance for this counter is 73 cents. if it breaks through it should fly. remember the Revenue from Premiere (600+ flats) will be coming out in this year results + Placement of shares at 60 cents indicates solid support at 60.
good luck

 

BB holding down this counter in the 60 cents range.
this counter will cheong when it releases its full year results for 2007. that's when the effect of the
Premiere transactions will show up. not sure if Carabelle transactions will be taken for this year
600 Flats of Premiere fully sold at average price of around $300,000. do the maths and see the boost in revenue.
support price should be around 58 - 60 cents .