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Now with gov new measure on property, this stock going to perform badly....when property is on a downtrend, penny stock like HH is going to suffer.....
Insider buying:
1. Date of change of Shareholding 19-08-2010
2. Name of Registered Holder Teo Ho Beng
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
# Please specify details Purchased 37,000 ordinary shares at $0.41 per share.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change 1,993,750
As a percentage of issued share capital 0.422 %
No. of Shares which are subject of this notice 37,000
As a percentage of issued share capital 0.0078 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.41
No. of Shares held after the change 2,030,750
As a percentage of issued share capital 0.430 %
If it's time to rise, or fall,
it will rise, or fall...
and this is regardless of how rosy,
or how dismal a picture people cook up.
There's a
time for everything...
You are right on the surface. But read into the details, its not so bad. The reason is they recognise less progressive payments in the 2Q than in 1Q. There are 3 other develpments selling well and only 32%, 19% and 2% progressive payments recognised. Also launching in 2H another development in Balmoral. Already in 1H earnings in excess of 5%. Future looks good with firm property prices.
iPunter ( Date: 17-Aug-2010 22:35) Posted:
| Profits worse and not improving than before is not good news...
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Profits worse and not improving than before is not good news...
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_00DF2A97B6BF8B0B4825777E003D5FFE/$file/1H2010Results.pdfQuite a nice set of Q2 results from Hiap Hoe.
Profits of $6.3mil, down 36.6% from previous year, but up from Q1's
$3.9mil. As expected, quite a bit of profit spillover from Q1.
So far, only 2% if the revenue from Waterscape has been recognized. Lots of upside.
gona see this counter hit high high again...yesterday they announced that they gona release their reports only in aug, but today already so many buy up.looks like 'some' ppl already knows good results on the way....hope it can touch 60cents again
Hiap Hoe jumped by 1.5c to 41.5c today. Up almost 10% up since my buy call 1 month ago. Bumper profits for Q2 on the way.
Headline for Jul 6, 2010
- Prices of prime district homes at new high
[Headline on BusinessTimes July 2, 2010
- Private home prices outstrip peak of '96]
Hiap Hoe is the cheapest property developer now! Already mentioned in my previous post that Hiap Hoe set new record prices for two of its developments in April. Its land, especially the hotel plot, was acquired at relatively cheap prices.
MACD crossed decisively last week. 100 lots scooped up at $0.39 today.
Prime properties still in demand, as seen from $36mil Sentosa Cove deal.
In fact, in April, Hiap Hoe sold one 1,894 sqft Waterscape unit $2,173 psf or $4,117,000. Both psf and absolute price are record highs for the development.
Another unit at Signature at Lewis fetched $1476 psf in the same month, also a new record.
P/E less than 6. RNAV more than 90cents. Profits more or less assured for the next 3 years from the properties it has already sold and will be collecting progressive payments.
Price now 39c and corrected from around 55 cents. Candlesticks, RSI & MACD shows Hiap Hoe is ripe for a strong rebound.
More info here:
http://www.nextinsight.biz/component/option,com_fireboard/Itemid,67/func,view/id,2603/catid,3/limit,6/limitstart,18/
Hiap Hoe has been dropping for weeks, but formed a nice reversal signal yesterday, forming what is almost an "abandoned baby". RSI is showing oversold. MACD is also turning.
'Pull back' does not mean bearish talk...
It simply means instead of cheonging stratospherically high, it may only cheong sky-high...
Thus, it is bullish talk...
This is because property stocks are a bit slow to rise at the moment...
This is from all the property charts...
hehehe...
(By the way, I must say, you are all bullish talk all the time, every time... whereas I am bull plus bear all the time).
Always bearish talk.... Ha. ha.. ha...
iPunter ( Date: 12-May-2010 21:26) Posted:
It looks like property stocks will pull down the whole market for a period to come...
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It looks like property stocks will pull down the whole market for a period to come...
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
HIAP HOE LIMITED |
| Company Registration No. |
199400676Z |
| Announcement submitted on behalf of |
HIAP HOE LIMITED |
| Announcement is submitted with respect to * |
HIAP HOE LIMITED |
| Announcement is submitted by * |
Lai Foon Kuen |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
12-May-2010 17:18:58 |
| Announcement No. |
00074 |
| The details of the announcement start here ... |
| For the Financial Period Ended * |
31-03-2010 |
| Description |
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| Attachments |
Total size = 129K
(2048K size limit recommended)
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