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My pleasure, Jessie .... There are builders who are developers too and quite meaningful, like Chip Eng Seng and Sim Lian. But I am not into construction stocks cos I'm a techie.
Hi Billywows, thank you for your response. I enjoy reading your postings as they are very insightful. Yes, you are right that these construction companies have been sleeping for many years as I am holding to such stocks. I am about to cut loss when they start to wake up. Will monitor and still cut lost. Better invest in other better peforming stocks.
Hi Jessie
It's really unhread of for the any local construction firms to be sub-con, especially if they are listed in SGX. Maybe a Joint-venture with the foreign one, but not as sub-con.
Raw materials are crazily high now due to high oil and metal price. Those projects moving this year are suffering cos they were awarded 1-2 years back when materials prices were low. Therefore, margins are reduced to maybe loss or breakeven mark.
Lastly, I have nothing against construction stocks. They may have started to move a bit due to property market boom now. But on other days, their volume is so so so so so so low.
Hi billywows, although they may not stance a chance to be the main contractor, perhaps they can be the sub-con ?
My opinion is stay out of construction stocks ... most big projects in S'pore are won by foreign builders like:
a) Penta-Ocean (Esplanade/Vivo city/maybe the new Capitaland's Orchard Turn as per yesterday's ads)
b) Shimizu (Changi airport new Terminal 3 / Carribean @ Keppel Bay)
c) Obayashi (New SMU campus at Bras Baseh Rd)
d) Dragages (The Sail @ Marina)
e) China Construction (Republic poly)
Our local builders are mainly doing condo and HDB projects
I am sure the IR & BFC projects will be awarded to foreign builders - again.
Good afternoon, investment gurus, FA gurus, just wondering which construction firms, such as BBR, KOH brothers, Chip Eng Seng, Lian Beng, YongNam, etc are likely to cling a pie in the up and coming projects, IR projects, BFC, etc. Any Advices???? Which other companies should we invest in???? Thank You.
To put its simply: Koh Bros is ikan billis comparing to Chip Eng Seng, which is now building the 50th Duxton project.
Construction coy inching up...
is another construction company
KOH bros is so much smaller company to smell IR, BFC & etc projects (maybe can get the painting contracts only)....
I won't vest in construction stocks as most builders are suffering from the high raw material costs now.
Slowly but surely, KOH Bros is inching up, now done between 0.150 to 0.155 at about 1.8 millon shares, looking forward that it will break 0.160 soon.......up, up, and away. cheers.!!!!!!!!!!!
Corrections, last friday it was more than 19 millions shares, not 9 millions as posted at 09:52am, 30 Oct 06. My apologies,
Good morning Hikitty Senior, thanks for your advice. Have been holding on to many loss making stocks and not enough $$$ to buy and average. Will continue to learn from all gurus and seniors here and pl keep up the good work. God bless.
Good morning, elite members, veterans, senior members, investment gurus, when i first wrote in about KOH brothers, it was at very low volumes and was at 0.115 to 0.120, on 19/10/2006. Last friday it was done at between 0.140 to 0.145 at vol of more than 9 million shares. Today it was up again at 0.140 to 0.155 at more than 5 million shares so far, (9.30am), anyone out there knows the reasons for the increase?? If we are vested, should we take profit or let it run. Any views TA / FA anaylsts. Thanks in advance for your advices.
Elizlow can see "candle light" at the end of the tunnel, not "1000 watt light". Sleeping on shares at IPO price will not make the share grow in price. Shd leverage (inverse pyramid) when no one is interested in buying the shares, and then take profit when they head north, OK?
The Koh Bros must be very happy today. Share has been slipping for donkey years. Next few days, sure go into slumber again! Why - many of those who bought high will just sleep on their shares.
From Chip Eng Seng to Koh Brothers.
From Koh Brothers to Lian Beng.
Koh Brothers, cheong liao, today it is doing between 0.125 to 0.14 at high volume of more than 11 millon shares. TA / FA gurus any views? When I begin to take interest in this counter in the beginning of October 2006, it was doing at 0.115. I am still vested.
I agree Yong Nam should be a better choice.
Knightrider is right. I have been holding to this share since IPO's days. Cannot see the light at the end of tunnel. Sigh!!
YongNam would be a better choice from my point of view...