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it will get cheaper :)))))))))))
wah after i post u all go chiong SP Land ah.. today rise 30cents..
no need so hiong la..relax.. keke.. just kidding..
for those who bought enjoy the ride.. :) no $13 no sell
Now SP Land dirt cheap ah... below NAV value...
Lelong lelong..
now with s'pore hotels facing a big shortage, and SP land owning a pretty sizable number of hotels in the Marina area (think F1), revenues gonna shoot up like mad..
At least $13...dirt dirt dirt cheap..
Spland has drop to a very attractive level now. CIMB has a TP of $14.15 on 5 Nov. Believe rental shd keep going esp in Marina area.
Above is purely my personal view and not a call to buy.
DJ MARKET TALK: CIMB Keeps Singapore Land At Outperform
0727 GMT [Dow Jones] STOCK CALL: Singapore Land (S30.SG) remains Singapore's "purest proxy" for prime office space, with "purest exposure to rental reversions," CIMB says. Keeps at Outperform with target price maintained at S$14.15. Notes 3Q07 EPS of 7.3 cents slightly below expectations, marking 22% of CIMB's FY07 forecast, on higher operating costs on consolidation of Pan Pacific's operations. Notes 9M07 EPS marks 68% of CIMB's FY07 estimate. Says 3Q revenue "good," +27% on-year at S$71 million; gross rental income +20% on-year at S$47 million on higher rental, occupancy rates. Notes Pan Pacific hotel contributions stable at S$22 million, cushioning lack of property development revenue in quarter. "We expect office and hotel operations to remain the main contributors as we approach end-FY07." Trims FY08-09 EPS forecasts 1.6-2.3% to reflect higher tax on hotel properties. Share down 0.5% at S$9.30. (LES)
great Singapore Land Sale again. $9.40.
Very cheap .
great Singapore Land sale is on Down $0.40 cents.
Very surprise.
Strong support at $10.40 and resistance at $11.00.Singland should
be breaking new high soon.
Cheers.
DBSVicks targets $12.9!!!!!!CHEONG AH!!!!!!!!!!
Maintaining Buy, target price raised to S$12.90.
Singland for upside from capital value appreciation from its commercial
property exposure, especially that of office (61%) and retail (22%) while
we reiterate there could be potential value creation from Marina Bayfront
redevelopment. Recent 1Q07 results with higher associates income from
Singland?s portfolio of hotels under MCH also proves there is more upside
from its hotel exposure. With raised target price of S$12.90 based on 10%
premium to RNAV to take account of the Himiko site acquisition and
raising FY08 earnings by 18%, we are reiterate our Buy Call for Singland.
We continue to like
big brother buying back this counter. cos divvy $0.45 cents, F1 coming to town and more tourist arrival.
ya already on the que for both counters.
cdl announcing result end of today, volume picking up fast.....cheong ah..
yup, as we speak the properties counter $$ has moved..better be quick ! hee
Hi nickyng, u are right, both paid quite attractive dividends..kep land strength is more into residential and I think they have started entering India market.
my observation is that Kepland has more volume and interest than Sp Land..n of course it is related 2 the kepcorp..
well...for a start..at least sp land has divident now...kepland got oso but less $$ divid :D ...hmm..oso not sure if kepland has exposed land properties in china? some risk there in that area now....
comments?
I like Sp land & kepland, but cannot decide which I to buy now..
any advise.
i wonder if Sp Land is a buy at current price of $9.30? taking into divdend ?? hee...the office rent price will only go up from now and thereafter when the Integrated.Resort begin operation right? hee...
The last time this thread appeared in Oct.06 ,SingLand was $8.60.Now still $8.60.Today a married deal of 2 million odd shares done at $8.40 should be the supporting level.Can consider this counter on your radar screen. Cheers.
thanks for the reply.
It will be easy to understand to use MA7, etc rather than shorter MA and MA14, etc rather than longer MA....
Hi derekchong,
From the charts, the shorter MA is meeting the longer MA from above...i.e if shorter MA crosses under longer MA, the indication is a downtrend. However, Chaikin is positive.....but Acc/dist and RSI seems flat.
As in your earlier post of 5 Oct, perhaps UIC is a better bet. Anything that is positive for SpLand, UIC will be the beneficiary of 92% of it. With SpLand at current price ($8.15), UIC theoretical price is $1.89.(curr $1.82)......and this does not take into account the following factors which may add additional impetus to its price:
- potential redevelopment of UIC building
- residential development income stream.....Amber Condo, BoBo Gdn, St Patricks Gdn etc.
- Potential struggle to control UIC bet Wee CY and JG Summit....tho this seems more and more unlikely with the current price levels.
Above is my personnal opinion.
charts seem to show positive sign and the MA crossover meet indicate imminent px upward direction.