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i thought that one is old news already, the underground tabled price is 1.4 to 1.5 range.
maybe will take another 3 mths for this news to be make public as 3 mths ago this is the hot news at all broker houses.
AllGreen didnt deny or admit. so is a waiting game for those vested
paul1688 ( Date: 21-Dec-2009 15:03) Posted:
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Something brewing? Rumour circulating of some investment stake by some major company. One of them refers to Lippo Group. Anyone heard anything else?
that's good... maintain at 1.18.. hope will maintain at higher level again.
I have done a TA of this share yesterday. I think it still have potential to go up to 1.27. it won't easlily break the supporting level at 1.17. you may check my trend trading blog: http://sgtrendtrade.blogspot.com/
go go go finally break thru.. 1.15 huat ahhh
let up together... wish it go up until crazy wahahaha 
Finally the green light signal came!!
Waaah. many 1k lot sell downs (all reds) instead of allgreen since morning. another way of sell to strength??
This is one of the premium posts here...
Treat stocks as beasts, and don't love them too much... hehehe...
des_khor ( Date: 05-Nov-2009 23:55) Posted:
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Buy share don't just at the NAV only.... just an example like ST Eg NAV less than a dollar but share price almost $3.
price = S1.13. NAV = S$ 1.47 price/NAV = 0.77 approx meaning taht price of S$ 1.13 is 77% of NAV or 23 % discount to nav of S$ 1.47
Could you show me your calculation? Tks!
Yes, the price of S$ 1.13 should be 77% of its NAV of S$ 1.47 or discount of 23% to its NAV of S$ 1.47. My personal view is that there is more upside, considering other major property developers such as CityDev, Capital Land and Keppel Land all have prices above their NAV. Also, Allgreen net profit grows amazing 92%. Generally for stocks, the more profitable it is the higher the price. BB knows it. Have patience to see it grow. Good luck.
Correct me if I am wrong but the price of $1.13 should be 30% below the NAV of $1.47 and not 77% isn't it?
samloh28 ( Date: 02-Nov-2009 23:22) Posted:
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DJ MARKET TALK: Allgreen Ppties May Rise On Higher FY09 Profit
0005 GMT [Dow Jones] Allgreen Properties (A16.SG) may rise on more robust FY09 bottomline, although upside may be limited considering stock's 162.8% rally year-to-date vs respective gains of 79.0% by FTSE ST Real Estate Holding & Development Index, 50.2% by STI over same period. Developer says S$126.7 million net profit for first nine months of 2009 already more than S$65.3 million profit for whole of FY08, due to strong demand for its residential projects in Singapore. 3Q09 net profit alone more than doubled on-year at S$74.0 million from S$31.2 million on higher sales of two new developments - One Devenshire, Viva - which helped revenue to more than double to S$293.1 million from S$113.3 million, offset weaker performance by hotel, serviced apartment business. "Last year was quite a dismal year for them. They didn't sell much. A lot their remaining land bank in Singapore is pretty decent in terms of price, so I believe if they start launching more projects, and the market can take them, the outlook should be pretty OK," says analyst at foreign brokerage. Stock closed down 1.7% at S$1.13 yesterday, representing 0.77X P/B; resistance tipped at last week's high of S$1.18. (FKH)
Allgreen management stated :
With attributable net profits (before revaluation changes) for the 9 months ended 30 September 2009 of S$126.7 million
(S$65.3 million for the full year 2008), and excluding fair value adjustments and barring unforeseen circumstances,
Allgreen is expected to have a much improved 2009 over 2008.
After market closed today (2 Nov 2009), Allgreen delivered magnificent 3rd quarter results. Salient points for 1st 9 mths 2009 (year-on-year) as follows:
Revenue increased 66% to S$ 458 million
Profit attributable to Shareholders increased 92% to S$ 126 million
EPS increased from 4.14 cents to 7.96 cents
NAV per ordinary share increased from S$1.41 (31 Dec 2008) to S$ 1.47 (30 Sep 2009)
Gearing improved to 0.40 x from 0.45 x at 31 Dec 2008.
From the above information:
a. Share price of S$ 1.13 is 77% below its NAV of S$ 1.47
b. EPS estimated 10.6 cents (say for full-year) using simple estimate of 7.96 cents for 9 mths, and assuming only 20% growth (against its current growth of 92%), the share price should be worth S$0.106 x 20 = S$ 2.12, well above its NAV of S$1.47
c. Low gearing ratio of 0.40x
Good luck to Investors of Allgreen. Stay invested for next 6 mths to 1 year and reap the rewards.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A3E91F075A98C55A48257662002EA8B0/$file/3Q2009.pdf
strong results as expected...
3Q 2009 vs 3Q2008
(A) Income statement
The strong earnings for 3Q 2009 were primarily due to higher contribution from the property development segment, resulting in the Group's revenue increasing by 159% to S$293.1 million as compared to 3Q 2008. The 2 main projects which contributed to the higher sales in 3Q 2009 were One Devonshire and Viva.
The Group's profit before taxation for 3Q 2009 improved significantly by 126% to S$102.5 million over 3Q 2008. After taxation and minority interests, the profit attributable to the shareholders improved from S$31.2 million to S$74.0 million.
(B) Statement of Comprehensive income
Included in the statement of comprehensive income was an exchange translation loss of S$9.3 million for 3Q 2009 as compared to a gain of S$19.2 million for 3Q 2008. This relates to the exchange translation of RMB investments, in China, to Singapore dollars.
9 months 2009 vs 9 months 2008
(A) Income statement
The Group's revenue increased by 67% to S$458.5 million, mainly due to increases in revenue in development properties. The period saw a weaker performance of the hotel and serviced apartments as a result of a drop in both occupancy and room rates due to a sluggish economy.
In the development properties segment, higher revenue came from sales in new launches of projects. The Group officially launched One Devonshire and Viva in June and August 2009 respectively, followed by Phase 2d of Pavilion Park at Bukit Batok in September 2009. These were well received.
In respect of investment properties, Great World City Retail and Tanglin Mall enjoyed higher occupancies and rental rates. Although occupancy rate at Great World City Office was slightly lower, it enjoyed higher rental rates. These increases were however offset by the weaker performances of hotel and serviced apartments.
The reduction in distribution and selling expenses in 9 months 2009 as compared to 9 months 2008 was mainly due to lower showflat expenses. Share of losses of associated companies was higher for 9 months ended 30 September 2009 as compared to the corresponding period last year mainly due to the commencement of the recognition of some of the associated companies' preliminary expenses, following the issuance of the business licence for these associated companies.
The profit before taxation improved significantly from S$101.7 million in 9 months 2008 to S$173.6 million in 9 months 2009, because of stronger performance in the development properties segment.
The lower effective tax rate in 9 months 2009 was mainly due to non-taxable income of S$45.4 million (writeback of provision for diminution in value of development properties) and utilisation of tax losses carried forward of about S$68.4 million for some projects.
After taxation and minority interests, the group's profit attributable to the shareholders improved by 92% from S$65.8 million in 9 months 2008 to S$126.7 million in 9 months 2009.
(B) Statement of Comprehensive income
Included in the statement of comprehensive income was an exchange translation loss of S$8.2 million for 9 months 2009 as compared to a gain of S$23.3 million for 9 months 2008. This relates to the exchange translation of RMB investments, in China, to Singapore dollars.
Balance Sheet and Cashflow
The increase in investment in associated companies relates to the joint venture companies in Chengdu and Shenyang.
Trade receivables increased from S$93.3 million as at 31 December 2008 to S$202.3 million as at 30 September 2009 mainly due to billings raised for Cascadia and Cairnhill under the deferred payment scheme as well as amount receivable under Sales and Purchase Agreement for Viva.
Pursuant to the withdrawal of the original land bid for a project in Tangshan, PRC, a deposit of about S$23 million paid in July 2008 was refunded in Feb 2009. This resulted in a decrease in the deposits and prepayments from S$41.0 million as at 31 December 2008 to S$16.8 million as at 30 September 2009.
The increase in cash and cash equivalents was mainly due to proceeds received for One Devonshire and Viva.
As at 30 September 2009, the Group's gearing was 0.40x with net borrowings at S$1,055.8 million (As at 31 December 2008: 0.45x with net borrowings at S$1,137.6 million).
What time are they announcing results? Its today right?
Interesting fact, based on price on 30 Oct 2009, based on info gathered from SGX web-site.
Allgreen looks grossly undervalued and there is upward potential. Big Boys will know this.
Target price of S$ 1.65 for Allgreen is reasonable.
watch out for Allgreen results to be released on or about 2 Nov 2009.
Good luck to all allgreen investors there. Have patience and you will reap the solid rewards soon.
| Price S$ | NAV S$ | Price/NAV | |
| CityDev | 10 | 6.18 | 1.62 |
| Keppel Land | 2.84 | 2.33 | 1.22 |
| Capital Land | 4.14 | 2.96 | 1.40 |
| Wing Tai | 1.66 | 2.03 | 0.82 |
| Allgreen | 1.15 | 1.43 | 0.80 |