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Could be on a downtrend now... be cautious
Did some reading off some site that deduce that the RNAV price is around 0.465 i.e. a substantial discount of current 0.365.
Looks like a undervalue property stock.. any ideas why it lag behind the rest despite showing good number..
Volumes on this counter are quite low. Although not as bad as some others I've seen.
The Centris is the name of a property development. The Centris, a JV between Lee Kim Tah, Guthrie and a German party, sold all of the 107 units released at a preview within 24 hours last Friday, and despite rasing price for another 100, half of which were also quickly snapped up.
The Centris is part of an integrated development comprising 610 residential units, a shopping mall connecting with Jurong Point and a bus interchange. Gross area is estimated at 1,262,900 sq ft. Total development costs, including land, are estimated at $770m. There's easy access to Boon Lay MRT station.
The Centris is coming up on a 33,523.8 sq. m site that the 3 parties put up the highest bid of $415m in Jun '05. The 50% interest of Lee Kim Tah and Guthrie is through Prime oint Realty, whle TMW PCCW GmbH of Germany owns the remaining 50%.
The good response to the Centris is significant in that it suggests the strong recovery of the high-end residential property market has at last started to filter into the mid-range / mass housing segment.
This stock could start to move.
This is another prop counter that has not really moved compared to other prop stocks. They are one of the partners developing a piece of land beside Jurong POint called 'The Centris'. I beleive price is around $550 psf. So, which is better, to buy Guthrie or to buy Centris???
need advice on guthrie. i hv received the ARE form to exercise the rights issue. but the "net bonus dividend" indicated on the Application for Rights Issue (ARE) form is confusing me. i hv 50000 shares and shld be getting 50000x0.18=$900 bonus divident and another 50000x0.04=$200 ordinary dividend but the net bonus dividend indicated is $200 on the ARE. i understand that the rights entitlement is 1 for 5 ie i hv 5000 rights and can use the bonus divident of $900 to pay for it. but the ARe form is confusing -any one can shed some light ? thanks.