Chip Eng Seng   

Strong buy for Chip Eng Seng

hmm...no one here?? results announcement around the corner....

 

anyone bought today? seems like going to haf some positive action??/ can anyone confirm?

 

 

placed my bet at 39c

:p 

 

Volume surge this morning, any good news?

 

Chip Eng Seng Corporation Ltd awarded several new contracts

http://sgsharemarket.com/home/2011/10/chip-eng-seng-corporation-ltd-awarded-several-new-contracts/

 

 

Chip Eng Seng Corporation Ltd announced that the Company’s wholly owned subsidiary, Chip Eng Seng Contractors (1988) Pte Ltd, has been awarded a $113 million contract by the Housing & Development Board for building works at Hougang Neighbourhood 4 Contract 17.

http://sgsharemarket.com/home/2011/08/singapore-company-highlights-31082011/?=ChipEngSeng




 

 

AWARD OF $113 MILLION CONTRACT BY HOUSING & DEVELOPMENT BOARD FOR BUILDING WORKS AT HOUGANG NEIGHBOURHOOD 4 CONTRACT 17

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_631394F108F7D584482578FB0025A848/$file/CESCL_Award_Of_113_Million_HDB_Contract.pdf?openelement

 

 

I bought Chip Eng Seng at 44.5c before dividend and 38.5c after dividend. I have the self belief that it will catch the eye ball from instituitional investors once its earning can break 200M SGD, as not may public listed co can achieve that result. 

jackphanginvestment.com

 

Chip Eng Seng Corporation Ltd announced that Pearl Properties Pte Ltd, Pearl Properties II Pte Ltd and Pearl Properties V Pte Ltd have issued a Writ of Summons against Grange Properties Pte Ltd, an associated company of Chip Eng Seng Corporation Ltd.

http://sgsharemarket.com/home/2011/07/singapore-company-highlights-25072011/?=ChipEngS

 

 

Chip Eng Seng recorded higher profits than last year's corresponding period.  Most companies recorded less although higher than last quarter.  The result is certainly not bad.  Having said that, I think they are holding back, the 2nd half would be much better.

 

Time to go for it nowwwwwwwwwwwwwww.  Best Everrrrrrrrrrrrr   

 

Results out on 11th Aug 2009.  Expect good sets of results.  Perhaps another record profits having launched so many property projects. 

 

Heavy collection last few days.  Get ready to Cheong soon.  When Tiong Woon moved, this is expected to follow soon.  Expect 10 cents margins.  Do not hesitate.  NAP NAP NAP

 

Besides those already mentioned, other projects includes OneFort, Ventuno Balmoral and  Suites @ Central.  Compare CES's property development, it far outsize many other mid property developers.

A stock worth considerations.

 

Chip Eng Seng is a major property developer.  It is concurrently developing : CityVista Residences, PARC Condominium, Pinnacle @ Duxon, Grange Infinite, Oasis @ Elias.  At 0.45cents, it is very very cheap.  When most of the higher price stocks had reached their limits, this is one that will favor the investors.

 

Chip Eng Seng is no longer a Construction Company.  It is more a Property Developer now.  It is  in the process of building more than 1,500 units of condominium concurrently in Singapore excluding Vietnam.   Perhaps it should be in the same league as Ho Bee, Wing Tai, ..etc.   It is a one-stop company that perform end-to-end construction and property development.  It's profit margins are much better as it need not outsource the construction part. Moreover, the recent drop of construction materials cost will also add significantly towards its P&L. Expect some analysts to look at this attractive counter soon.

 

 

Lazyhorse, The markets are too high to buy unit trusts now particularly those that peged to equity markets. 

 

ET88888,
It's me. I have given up lobbying to buy constructon stock already. Now I am trying to figure out what are the good unit trusts or investment funds to buy. NTUC Income seems to provide good options.

 

CHIP ENG SENG - A major property developer

Last week Straits Times posted that the total number of private property units sold in 2007 was 14847 units.   To my knowledge, Chip Eng Seng sold WestPeak 659 units, CityVista Residences (Cainhill) 38 units, Ventuno Balmoral 35 units, a total of 732 units. This works out to 4.93 % of the property market in Singapore. Recommend to buy now.

 

cleared my holding with small losses