Chip Eng Seng   

Casinos need Chipes

it is not good if any counter stay low for "too long", because they will take profit as long as it rises ... and it pressure down the price again....  this apply to all the counters..

well, chipengseng price is damn cheap now.. with 0.595... agreed that it will rebound anytime

 

buy at 615cts today ,,,,,,buy more next monday......will cut lost if break thru 575.........but strong railly akang datang......beware short seller from cim kh and ocbc bloody stoctist shortist

 

Sorry, typo error.  Chip ES rose almost 20% few days ago, not 90%.

 

Yes, CES potential is definitely there. Just be patient and wait a few weeks or months. It has done twice before.  Once in July 2007, when it rose 17% and another time few days ago when it rose almost 90%.  Not surprisingly.  Just hold tight.  Of course, do not believe what you read.  Do your own research.  Read the annual reports.  Analyse the trend and the volume.  Look at the strong fundamentals and the record profits.  Look at the construction volume in Singapore and the management and strong position of Chip ES. Good luck !

 

big brother from geylang gang advice me to look closed ces akang strong rebound..... time likely to be coming week.....buy and hold tide

 

Also please do not anyhow believe what you read on the forum, OK?

 

Don't ruan ruan lai hor! Be responsible with recommedations.

 

ruanlai, see ur postings at 20 nov, dun noe how many ppl could be in red now if they took ur call. i understand ur eagerness to "share" but than in bear market, best just keep quiet or be conservatives. be responsible with your postings/recommendation.

 

CES has good FA i agree but bear market, everything also down.

those who entered areadi, take note there is a resistance at 0.64/5. strong or weak i dunnoe but there is one there. once brokenn, likely to test 0.73 again and next 0.74

 

Let's be a little more patient. The fundamentals of Chip ES is rock solid, it being the biggest listed construction stocks in capital and 25% owned by fundmanager. It has now evolved as strong developer also.  Thus, Chip ES is making money from both bounds, as developer like CityDev and as contractor for its development, taking double part of the cake. Strong construction value of S$19Billion to S$22Billion will see it hitting record profit for next 3 years. The recent GDP announced that construction grew 18%, means that its EPS will grow by at least 18% in next 3 years.  Morever, with its daily buyback of 66million shares will ensure that price will shoot north. The expected value should be S$1.50 at least in next 6 months, with record profits coming in the next 1 to 2 years. Just need to be patient. 

Remember, people become very rich when they buy penny stocks, because they can buy in big vol.  When penny stocks move, say by 3 times, you hit the jack-point.  Assuming you have S$500k to spare, you can buy 833lots of Chip ES now of 60c, as compared to stock S$20, you can only buy 25lots. Assuming price of ChipES go up by 90c, you will have made a cool S$750k.  For the stock which went up by S$5, you only make 25 lots x 5000 = S$125k. Thus, it makes sense to buy Chip ES and push up the price to its fair value of S$1.31, as valued by Finance Co.  Good luck.  Buy you must take action to make the money or regret for life....

 

DAILY SHARE BUY BACK ------AGAIN......500lots

Tomorrow watch the counter fly.......hold tide.....

Name of Announcer *	CHIP ENG SENG CORPORATION LTD
Company Registration No.	199805196H
Announcement submitted on behalf of	CHIP ENG SENG CORPORATION LTD
Announcement is submitted with respect to *	CHIP ENG SENG CORPORATION LTD
Announcement is submitted by *	Chia Lee Meng Raymond
Designation *	Group Chief Executive Officer
Date & Time of Broadcast	20-Nov-2007 19:18:32
Announcement No.	00147

>> Announcement Details

The details of the announcement start here ...

 

Name of Overseas Exchange where Company has Dual Listing (if applicable)

N.A.

 

(A) Share Buy-Back Authority

 

I.

Maximum number of shares authorised for purchase*

66,751,516

 

(B) Details of Purchases Made

 

I.

Purchases made by way of market acquisition

Yes

 

If answer to the above question is Yes, please fill in the following :

 

		Singapore Exchange	Overseas Exchange
1	Date of Purchases	20-11-2007
2	Total number of shares purchased	500,000
3a	Price paid per share#; or	Currency : S$   Amount : 0.60875	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 304,375	Currency : [Select Currency]   Amount :