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Strong following by BB, SC has transform to a pure niche property player.
Only phase1 of The Marq has been launched and the target price jump by 20%. Can u imagine what will happen in the next 2 phases? ...not to mention Hilltop.
For info.
from DBS Vickers :
SC Global Developments: Setting a new ¡°benchMarq¡±
BUY; S$6.40; SCGD SP; Price Target : 12-Month S$ 8.40 (Prev S$ 6.95)
from POEMS:
Reiterate BUY with fair value at S$8.00.
We upgrade our fair value from S$7.55 to S$8.00 per share to reflect the higher projected average selling price in The Marq. We are bullish on the Company and we believe that the best is yet to come.
Break new height. Imagine 11m - 31m snapped up. Cool.
SC Global sold out 1st phase of THe Marq. Average $4137 per sq ft....
not sure why halt
POEMS has revise its recommendation again...UP. SC has really built a brand to be reckon with.
More to come... SC global has create its branding in the market... Everyone is going for it....
Wheelock is in, for sure, SC is going for a good ride.
For your reference,
From Investment Service Centre
DBS Vickers Securities Online (Singapore) Pte LtdSC Global: First phase private preview for the Marq
BUY S$6.25 SCGD SP; Price Target: S$6.95 (Prev: S$6.15)
Looks like more Big Boys are getting bullish about SC!
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| SINGAPORE (XFN-ASIA) - Phillip Securities has raised its fair value for SC
Global Developments Ltd to 7.55 sgd per share from 6.60 sgd because it expects the property developer to get higher average selling prices for two upmarket residential developments here, called The Marq and Hilltops. Philip has a "buy" rating for SC Global. The brokerage said in a note to clients that it now expects the average selling price of space in each development to be 4,000 sgd per square foot, having previously assumed 3,500 sgd per square foot. SC Global itself has said it expects to sell space in the The Marq at an average of 4,000 sgd per square foot to begin with. The development has 66 apartments with prices ranging from 12 mln sgd to 30 mln sgd. Philip said its price assumption for The Marq was for the first phase of sales only: "We could expect the average selling price to increase further in the next two phases." At 10.17 am, SC Global was up 0.05 sgd or 0.8 pct at 6.30, with 272,000 shares traded. (1 usd = 1.53 sgd) yuinmunn.szetoh@xfn.com MMMM |
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SC has made a big jump and needs a break, to have a ....
Taking a break from the sharp rise recently.
Wonderful day for SC Global and kudos to Simon Cheong.
18Jun07 form POEMS
Successfully acquired
The site has a land area of approximately 42,565 sq ft and can be re-developed into a 36-storey high end luxury residential property with a gross floor area of 119,181 sq ft. Located at the prestigious Ardmore Park residential enclave, it is within walking distance to the Orchard Road shopping belt
We reiterate our BUY at fair value of S$6.60 per share as in our initiation report dated 14 June. We do not revalue its latest acquisition
Dinola, your are most welcome, we are here to share and learn from one another. Cheers.
Thanks winsontkl, i've just read that 25pages BUY recommendation by POEMs. For those who like the sumary:
Initiate coverage with a buy at fair value of S$6.60; strong potential for revision to as high as S$8.80.
This Recommendation was posted on 14Jun. Since then, Price move up 60cents in 2 days to close @ $6.0 last Fri. Vol increase 4X to almost 2mil! With strong uptrend on the TA side, a revised short term tgt price of $7.20 is fair.
Finally started the climb after touching the consolidation price @$5.3. With vol n momentum, likely to reach tgt $7.2 by next wk. (ref to my post on 9jun)
Cheong all the way with good recommendation from POEM.
Price has reflected its true value after 3 years being a flatliner at 1.20 to 1.40 range. Moreover, property sector is the favor now.
EPS 4Q/06=1.05, 1Q/07=7.55. Increase 680%! with net profit grew to $11m 1Q/07 compare to $1.2m 1Q/06. Need I say much. On the TA side, the price touches the upward trend line @ $5.3, providing a very good buy opportunity. Target Price $7.20