Allgreen   

Allgreen - Can buy ?

so can hit 1.36 anot???  this a slow coach, even with current good margin cd, it has only climb a mere 7cents...hope it meet the institutional TP, or its jux another elusive TP....:))

God_of_War      ( Date: 28-Apr-2010 21:29) Posted: Allgreen posts 19.6% rise in net profit to $35m   Written by The Edge    Wednesday, 28 April 2010 17:57 Allgreen Properties has posted a 19.56% rise in net profit to $34.95 million for the first quarter. Revenue rose 93.15% to $155.94 million. The increase was mainly contributed by the development properties segment, with Holland Residences and Viva contributing to the higher revenue. Holland Residences was launched in January this year whereas for Viva, more progressive billings were recognised. Trade receivables increased from $111.2 million as at 31 December 2009 to S$126.5 million as at 31 March 2010 mainly due to billings raised for Cascadia and Viva under the deferred payment scheme as well as amounts receivable under Sales and Purchase Agreements for Holland Residences. The decrease in trade payables was mainly due to payments to contractors and consultants of various projects and bonus payment to staff. As at 31 March 2010, the group's gearing was 0.31x with net borrowings at $830.1 million.

 

Yo indeed a good news...........

Cheers

 

Allgreen posts 19.6% rise in net profit to $35m

 

Written by The Edge

Wednesday, 28 April 2010 17:57

Allgreen Properties has posted a 19.56% rise in net profit to $34.95 million for the first quarter. Revenue rose 93.15% to $155.94 million. The increase was mainly contributed by the development properties segment, with Holland Residences and Viva contributing to the higher revenue. Holland Residences was launched in January this year whereas for Viva, more progressive billings were recognised. Trade receivables increased from $111.2 million as at 31 December 2009 to S$126.5 million as at 31 March 2010 mainly due to billings raised for Cascadia and Viva under the deferred payment scheme as well as amounts receivable under Sales and Purchase Agreements for Holland Residences. The decrease in trade payables was mainly due to payments to contractors and consultants of various projects and bonus payment to staff. As at 31 March 2010, the group's gearing was 0.31x with net borrowings at $830.1 million.

 

My stock guru who introduced me to this stock told me yesterday that Allgreen doesn't seem to be moving up. I beg to differ and I think he will be reading this article sooner or later. It appears that it is the start of bull run, baring any unforeseen circumstances. Total vol today for Singapore shares totalled 3 billion, double its vol in the previous weeks.

Just received Allgreen's annual report today. They held their AGM on 28 April 2009 and this year they will also hold it on 28 April 2010, good day for holding AGM. Impressive holdings of landbanks amongst Singapore property developers. Business Times 5 April 2010 reported that Developers' Landbanks running low.  However, Allgreen landbank currently stands at 1,653, which is only lower than the top 4 Singapore developers (CityDev + Hong Leong : 5114), (CapitalLand, 2727), Far East Organisation (2572) and Bukit Sembawang (1933).  Note that Allgreen's landbank is more than Wing Tai (813) and Ho Bee (362), which are similar in capitalisation about S$ 1.5 billion each.

Closer examination at landbank we can see the following: the Cascadia at Bukit Timah Road (construction in progress) - 570000 sq ft, RV Residences (showflats completed) - 188,000 sqft; Rivera 38 at Mar Thoma Road (planning stage), 80,000 sq ft; RiverBay at Mar Thoma Road (planning stage) 60, 000 sq ft, SkySuites @Anson (planning stage) 234,200 sq ft, Project at West Coast (planning stage) 100,000 sq ft and Suites at Orchard (planning stage) 100,000 sq ft.

Allgreen's Chairman stated that "Our investment property portfolio will serve us well in 2010."  Have patience for the Allgreen price with good fundamentals will bear fruit, to S$ 1.65. Who knows, if bull-run is confirmed, it may touch over S$ 2 as it did in previous bull run in 2007.  Good luck.

 

Don't know how to talk to u. People quoting example of good point lah.

U want buy cheap stock, 10cent, 20 cents.....go pa-sak-malang.

 

FearValueGreed      ( Date: 23-Mar-2010 00:22) Posted: Where got pple hold property stocks for dividend? Dividend play might as well buy telcos and transport Signn, why pple cant tell the difference.   Buy below 40cents.   dealer0168      ( Date: 21-Mar-2010 10:54) Posted: A good stock to hold. Dividends of S$ 40/ lot not bad also. Cheers.

 

This person obviously doesn't understand the valuation of Allgreen, which is 34% owned by Robert Kuok, the richest man in Malaysia and in South-East Asia.  It is like hoping to buy a landed terrace at below S$ 400k, when the valuation is S$ 1.48 million currently running at S$ 1.21 million, which pays out rental of S$ 40k/year.

 

Where got pple hold property stocks for dividend?

Dividend play might as well buy telcos and transport

Signn, why pple cant tell the difference.

 

Buy below 40cents.

 

dealer0168      ( Date: 21-Mar-2010 10:54) Posted: A good stock to hold. Dividends of S$ 40/ lot not bad also. Cheers.

 

This evening around 7.10 pm on Radio 938, the DJ was asking a finanical analyst on the outlook for property stocks in Singapore.  His reply was that the property will most likely continue to do very well as property is backed by strong demand. The reason being currently the vacancy rate is 5% which is at historical low, as compared to the norm of 7.5%. In simple economics, when demand is greater than supply, price and hence profit will occur for the property firms. The outlook for property stocks will be good with the successful launch of two IR in Singapore.

 

A good stock to hold. Dividends of S$ 40/ lot not bad also.

Cheers.

 

 

Yes, I hold!

dealer0168      ( Date: 18-Mar-2010 22:08) Posted: $1.23 now, hope Allgreen progress more. Cheers.

 

$1.23 now, hope Allgreen progress more. Cheers.

 

 

Allgreen is truly value for money.  Dividends of S$ 0.04 for its share value of S$ 1.19, makes yield of 3.36%.  Just compared with CityDev, another property stock, dividends of S$ 0.08 for its share value of S$ 10.46, makes yield of 0.76%.

More importantly, when the share price goes up, it is likely that the middle cap stock or penny stock will yield higher percentage gain for each dollar invested.  Another factor is its NAV of S$ 1.48 and its rich landbank, waiting to launch for Cascadia (Bukit Timah), River Valley and Orchard Road site. If we look at URA figures, the price of property is holding very well and Allgreen is set to tap on the property momentum.  Property and indeed Singapore economy looks very good in 1st half 2010, with record HDB prices, mid and high end properties selling vey well and high car prices (which can only happend in booming economy).  Good luck. 

 

Im still holding strong on it. Recent economy result show us that more recovery to Stock to come. N i believe Allgreen may progress more than that.

Cheers.

 

star-trader      ( Date: 13-Mar-2010 17:32) Posted: Finally, Allgreen hit the "GAP" at 1.18 - 1.20 in less than a month which projected on a short term basis (0-3months). Would it moves further on the next wave after hitting the gap or form a breakout or continuation? This will very much depends on the volumes entries again. Thanks,  Star-Trader   star-trader      ( Date: 19-Feb-2010 22:45) Posted: dealer0168, I can't tell you now till the market opens on Monday as I need data to be feed as in to check the next direction of the movement on this stock. But if you want approx. price target for me, I will go for 1.18-1.20 and it also very much depends on the global market news direction together with the fin report by AllGreen...As I am not expert in FA, I can't tell u exactly what is the indication of the result but it should be good.. as seen in the TA movement influence it since past few days.. Anyway, rest assured that I will post it here or at my blog for the update on the price.. rgds, star-trader

 

Finally, Allgreen hit the "GAP" at 1.18 - 1.20 in less than a month which projected on a short term basis (0-3months).

Would it moves further on the next wave after hitting the gap or form a breakout or continuation? This will very much depends on the volumes entries again.

Thanks, 

Star-Trader

 

star-trader      ( Date: 19-Feb-2010 22:45) Posted: dealer0168, I can't tell you now till the market opens on Monday as I need data to be feed as in to check the next direction of the movement on this stock. But if you want approx. price target for me, I will go for 1.18-1.20 and it also very much depends on the global market news direction together with the fin report by AllGreen...As I am not expert in FA, I can't tell u exactly what is the indication of the result but it should be good.. as seen in the TA movement influence it since past few days.. Anyway, rest assured that I will post it here or at my blog for the update on the price.. rgds, star-trader     dealer0168      ( Date: 19-Feb-2010 22:38) Posted: Talking abt divi play, this one is ok only. Talking of PE ratio, its is quite high One good thing i see about this stock is, its NAV is higher than its current price. N its FA not bad also. Btw what is yr expected possible upside price ??

 

Morning time Channel 8, a lady asked about this counter, the analyst advice in a indirect answer but just indicate that can wait and when it drops then enter ! I am not sure, just fyi. Good Luck.

 

yes but when will it hit next new high of 4000 points. How long do we have to wait.

samloh28      ( Date: 07-Mar-2010 20:46) Posted: Dear all, Comparison of the P/E of major developers in Singapore, it appears that Allgreen is value-for-money and greater upward potential to its target price of S$ 1.60 : Allgreen : P/E 10.5 CapitaLand : P/E 14.9 CityDev : P/E 16.2 Keppel Land : P/E 14.3 WingTai : 63.8 Assuming Allgreen price rises to say 15 (comparable with other Developers), its price should be worth S$ 1.65 per share, consistent with the analysts' recommendation.  a. Normally in bull-run, the big caps will run up first, followed by the mid cap stocks, as evident in 2007 and 1993 bull run.  It means that Allgreen being mid cap should run after the big caps have started to move upwards b. In past 30 years or so, STI correlates with the up and down of Dow Jones.  Bearing any unforeseen circumstances, if Dow Jones hit the bull run, based on the various positive factors (improving unepmployment rate, low interest rate for extended period of time, record profits meeting analysts' view, improvement in consumers' sentiments, improvement in retail sales, improvement in housing, improvement in industrial output etc), STI will hit the high similar to Dow Jones.  And as in past 30 years' statistics, normally the next peak will surpass the previous peak, i.e. DOW may scale beyond 14,000 and STI beyong 4,000.

 

Dear all,

Comparison of the P/E of major developers in Singapore, it appears that Allgreen is value-for-money and greater upward potential to its target price of S$ 1.60 :

Allgreen : P/E 10.5

CapitaLand : P/E 14.9

CityDev : P/E 16.2

Keppel Land : P/E 14.3

WingTai : 63.8

Assuming Allgreen price rises to say 15 (comparable with other Developers), its price should be worth S$ 1.65 per share, consistent with the analysts' recommendation. 

a. Normally in bull-run, the big caps will run up first, followed by the mid cap stocks, as evident in 2007 and 1993 bull run.  It means that Allgreen being mid cap should run after the big caps have started to move upwards

b. In past 30 years or so, STI correlates with the up and down of Dow Jones.  Bearing any unforeseen circumstances, if Dow Jones hit the bull run, based on the various positive factors (improving unepmployment rate, low interest rate for extended period of time, record profits meeting analysts' view, improvement in consumers' sentiments, improvement in retail sales, improvement in housing, improvement in industrial output etc), STI will hit the high similar to Dow Jones.  And as in past 30 years' statistics, normally the next peak will surpass the previous peak, i.e. DOW may scale beyond 14,000 and STI beyong 4,000.

 

 

Ooo u are back.....here to ddddd....ddd....dream again???

FearValueGreed      ( Date: 04-Mar-2010 00:30) Posted: Sell.   Buy at <40 cents. that looks more reasonable.   Property stocks are leading indicator of the economy. Stock analysts are lagging indicators.

 

Sell.

 

Buy at <40 cents. that looks more reasonable.

 

Property stocks are leading indicator of the economy.

Stock analysts are lagging indicators.