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Yup, there are only 233million shares in the market out of which the Toh Family controls almost 43%.
I see Heeton as a good store of value. Its RNAV is $1.20 and NAV is $0.91. Current price is almost 50% discount to NAV and 60% discount to RNAV.
friend of mine beat Guthrie..i beat this one...3Q already earn 7.55cents included discontinue operation 2 over cents earning
property cum mall counter..sleeping too long ready...
Hi..anyone looking at this one...noticed the share price can jump wide swings... limited shares in the market? can any experts out there tell if this is a good time to buy this stock? thanks ...
Heeton Land wants to generate a third of profit overseas in 3-5 years as it diversifies away from its core food market business into residential property, an executive said in an interview with Reuters on Wednesday.
The firm earns up to 90% of pretax profit from its shopping malls and food markets business, which rents out space to vegetable sellers and butchers in neighbourhood markets, or "wet markets".
But booming property has spurred Heeton, along with other firms such as Fragrance Group and Koh Bros. , to accelerate its expansion into luxury residential property - a sector long dominated by big developers CapitaLand and CityDev.
"Our focus in the next few years will be residential property - not just in Singapore but also in our neighbouring countries," Danny Low, Heeton's COO and executive director, told Reuters in a telephone interview.
Low said Heeton's food-markets business offers steady but limited returns as consumers increasingly opt to shop at large supermarket chains.
The firm expects to earn more than half of its earnings this year from its up-market private residential projects, up from the roughly 15% it contributed last year.
Low expects the market to slow late next year when the supply of residential property finally catches up with demand. In the meantime, unease over subprime mortgages in the United States has barely affected property sentiment in Singapore, he added.
"The buyers may put in a call to their banks to check that they can get financing before they put the money down."
On Wednesday, Heeton said it would pay $72.8 million to buy a residential estate in a prime district for redevelopment.
Heeton has only begun to expand abroad, with a handful of residential developments in Thailand and a stake in a 36-storey project being built by a consortium led by Malaysia's Lion Corp.
Low said Heeton was in talks for possible residential projects in Vietnam.
"We're talking with a few potential partners. The margins overseas are better -- you can get double what you get in Singapore."
The company is also mulling divesting its suburban shopping malls, worth some $400 million, through either an asset sale or a Reit listing.
"We haven't ruled out a Reit but we are also open to selling if there is a good price," Low said, adding that Heeton's 3 retail properties offered net yields of around 6.5%.
Heeton, controlled by the founding Toh family with a combined stake of about 60%, is also exploring the possibility of entering the hotels business.
"We're keen to get in if we can find the right site," Low said.
The firm is in talks to raise about $15-20 million via a convertible bond sale or a share placement, Low said.
Don't worry............nowadays Halt means Huat..........sounds similar.....hahaha........wait for good news, soon coming out..........
Why it is Halt today? Any info regarding it?
Heeton is heat up ! Good news is coming out ? Congrat to who have invest this counter !
BNP targets $1.10!!!!!!!!!!! CHEONG AH!!!!
Valuation at current levels
Heeton?s RNAV per share estimate of SGD1.10, is based on: 1) a cap
rate of 5% for El Centro; 2) cap rates of 9% for Sun Plaza and 8% for
wet-market properties; and 3) a discount rate of 8% to arrive at the NPV
of Heeton?s aggregate development profits. This implies the stock is still
trading at a steep discount of 32% to its RNAV.
Hi, since one week 0.14 cents up, today shorting active..
| Total BUY Volume | 1,455,000 | |
| Total Sell Volume | 2,603,000 |
Heeton must have some major deal to be annouce very soon..... I am still holding on for long term investment profit. Patience is Profit.
anyone gain from it, must take profit along the way. I have....
This is a good one, coming up soon :) wait n see
CIMB targets $1.02!!!!!!!!!CHEONG AH
Heeton Holdings (S$0.68) - Fresh from the market
Heeton is the largest private wet-market operator in Singapore and a niche developer of small to medium-sized residential properties. Its soon-to-be launched prime residential projects ? No. 9 Leonie Hill and the remaining units of The Element @ Stevens ? are expected to do well. We believe significant value can be unlocked from its investment properties. Sun Plaza, a suburban mall, could also be an attractive target for property funds keen to build a portfolio of suburban retail malls in Singapore. Based on our RNAV estimate, we believe Heeton can trade up to S$1.03
Take a serious look !Any commend or TA's trend please !!!