Bukit Sembawang    Last:3.49   -

bukit semb

problem with this stock is that it is too tightly controlled, no liquidity, so not many people playing this. But no doubt it has great potential due to its huge landbank. Wonder why they don't sell part of their landbank to raise cash or pare down some of their debts to capitalise the high  land price nowadays?

 

Positioning to cross $5.00 soon with STI heading new high-one thing about Bukit Sembawang once it crossed $5 very difficult to buy at this price again unless wait for nest rights/bonus/stocksplit issues-not too late to buy esp its warrants

starlene      ( Date: 19-Nov-2009 15:25) Posted: About 1 month from Oct price still around $4.88   Trouble viewing this message! Click on the - HTML Version 18 Nov 2009  Singapore     Capitaland Ltd Company update - Looking beyond valuations - by Donald Chua (CAPL SP / CATL.SI, OUTPERFORM - Maintained, S$4.13 - Tgt. S$5.36, Property)   Maintain Outperform on CapLand on the back of potential RNAV-accretive acquisitions and a potential re-rating of CMA's shares upon IPO. CapLand announced yesterday the launch of its CMA IPO at an offer price of S$2.12/share or 1.55x P/BV. While this pricing would not be immediately RNAV-accretive, we argue that benefits from a "leaner" balance sheet outweigh valuations. Better access to debt and capital markets is another positive. While the offer price is not low against its RNAV, we note that the group typically trades below its RNAV only during recessions, ever since it started its capital-recycling model. We raise our FY09 core EPS estimate by 13% but lower our FY10-11 numbers by 2-13% on adjustments to our recognition schedules. Our target price, still pegged at a 30% premium to RNAV, drops from S$5.65 to S$5.36. Risks could come from collapses in equity and debt markets and potential government measures across the region.   Full-report including important disclosures:   [ PDF ]

 

About 1 month from Oct price still around $4.88

 

Trouble viewing this message! Click on the - HTML Version
		18 Nov 2009  Singapore
Capitaland Ltd
Company update - Looking beyond valuations - by Donald Chua
(CAPL SP / CATL.SI, OUTPERFORM - Maintained, S$4.13 - Tgt. S$5.36, Property)
Maintain Outperform on CapLand on the back of potential RNAV-accretive acquisitions and a potential re-rating of CMA's shares upon IPO. CapLand announced yesterday the launch of its CMA IPO at an offer price of S$2.12/share or 1.55x P/BV. While this pricing would not be immediately RNAV-accretive, we argue that benefits from a "leaner" balance sheet outweigh valuations. Better access to debt and capital markets is another positive. While the offer price is not low against its RNAV, we note that the group typically trades below its RNAV only during recessions, ever since it started its capital-recycling model. We raise our FY09 core EPS estimate by 13% but lower our FY10-11 numbers by 2-13% on adjustments to our recognition schedules. Our target price, still pegged at a 30% premium to RNAV, drops from S$5.65 to S$5.36. Risks could come from collapses in equity and debt markets and potential government measures across the region.
Full-report including important disclosures:   [ PDF ]

 

09:54:54	4.960	1,000	A
09:50:43	4.960	2,000	A
09:50:42	4.950	2,000	A
09:50:39	4.950	4,000	A
09:50:35	4.950	1,000	A
09:49:52	4.950	1,000	A
09:49:50	4.950	2,000	A
09:45:59	4.950	1,000	A
09:45:56	4.910	2,000	A
09:45:55	4.910	1,000	A
09:45:52	4.900	1,000	A
09:41:13	4.900	1,000	A
09:37:08	4.890	1,000	B

starlene      ( Date: 25-Oct-2009 23:28) Posted: Today's Sunday Times 25Oct 2009.Bukit Sembawang  :A_hot:is recommended to be included in one's  investment portfolio,where it is still not too late to miss despite the spectatulor rally from since the March's low. Bukit Sembawang($4.89) -trhe property developer owns a great landbank in the Seletar area which is undergoing rapid changes.Its cash flow is expoected to improve further

 

Today's Sunday Times 25Oct 2009.Bukit Sembawang  :A_hot:is recommended to be included in one's  investment portfolio,where it is still not too late to miss despite the spectatulor rally from since the March's low. Bukit Sembawang($4.89) -trhe property developer owns a great landbank in the Seletar area which is undergoing rapid changes.Its cash flow is expoected to improve further

 

Private home prices up 15.8% in Q3; HDB resale prices up 3.6% Channel NewsAsia - Saturday, October 24Send IM Story Print   Private home prices up 15.8% in Q3; HDB resale prices up 3.6%  SINGAPORE: Private home prices rose 15.8 per cent in the third quarter compared to the second quarter — slightly lower than the initial forecast of a 15.9—per—cent rise made by the Urban and Redevelopment Authority (URA) in early October. The rise in prices between July and September is a sharp turnaround from the 4.7—per—cent fall seen in the second quarter, and snaps four straight quarters of decline. According to the URA, non—landed private homes in the city fringe areas saw the highest increase in prices of 18.5 per cent in the third quarter, while the prime districts saw private home prices rising 15.2 per cent. In the rest of Singapore, private home prices climbed 16.1 per cent. In the second quarter, all three regions had seen a decline in private home prices of between 2 and 5 per cent. Meanwhile, property prices for office, shop and industrial properties decreased by between 1.2 and 2.1 per cent. Rentals of private residential, office, shop and industrial properties also fell, with the decline ranging from 0.9 to 4.1 per cent. URA said that the fall of rental rates for all property types in the third quarter moderated compared to the second quarter. Meanwhile, prices of HDB resale flats rose 3.6 per cent in the third quarter. Resale transactions increased by about 14 per cent from the second quarter to 11,649 cases. The Housing & Development Board (HDB) said the median Cash—Over—Valuation (COV) amount among all resale transactions has risen to S$12,000. It said in tandem with this trend, cases transacting above valuation has also increased to 79 per cent. HDB said that in the next two months, the public can look forward to another 4,000 Build—to—Order flats in Punggol, Bukit Panjang, Sembawang and Dawson. Together with other sale exercises, as well as flats offered under the Design, Build and Sell Scheme, the total flat supply for 2009 would be about 13,500 units. HDB said it is monitoring demand and would adjust its building plan accordingly to ensure an adequate supply of new flats. — CNA/sc That is good news esp for Bukit Semwang which specialises in landed properties and with landbank that can last for another 10 yeras Report to moderator   116.197.246.107

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Tender for Yio Chu Kang/Seletar Road commercial/residential site closes with 12 bids, as developers continue to bid for sites in spite of recent measures • Far East Organisation submits top bid of S$376 psf ppr, nearly 3 times the minimum offer price of S$128 psf ppr and 35% above 2nd highest bid • Other developers that threw in bids: F&N (3rd highest), Sim Lian (5th), Ho Bee (6th) and Guocoland (11th) • Notable exclusions: Allgreen and City Dev; as we had mentioned, we believe recent measures may reduce landbanking interest by companies with larger landbanks • Stay selective: look for value and diversity; accumulate companies with smaller landbank in a sector de-rating Still Double-Digit Bids. In spite of recent measures announced by the Government, including the reintroduction of the Confirmed List and the abolition of the Interest Absorption Scheme (IAS), the Yio Chu Kang/Seletar Road commercial/residential tender closed this evening with 12 bids, just one fewer than the 13 bids received for both the Chestnut Ave and Dakota Crescent sites. The site, located near Seletar Hills (suburban) was launched on 20 Aug with a minimum offer price of S$128 psf ppr. The top bid (site has not been awarded) was submitted by Far East Organisation, at a tender price that works out to S$376 psf ppr, which is nearly 3 times the minimum offer price of S$128 psf ppr and an aggressive 35% higher than the next highest bid (S$278 psf ppr). The top bid of S$376 psf ppr works out to be 34% higher than the price City Dev paid for the Chestnut Avenue site (S$280 psf ppr), a slightly less attractive site. In terms of the top bid/minimum offer price multiple, at 2.93x, Far East's bid is more aggressive than the 2.33x City Dev paid for Chestnut Avenue and the 2.54x that UOL paid for Dakota Crescent. Stay Selective. The next residential site on the block is the Serangoon Ave 3 site, an attractive site next to Lorong Chuan Circle Line station, which closes 7 Oct. We advocate a more selective stance within the developer space for now, focusing on: (1) value in the mid-caps, BUY Allgreen (TP S$1.36) and Bukit Sembawang (TP S$5.94); (2) diversification in the big-caps, BUY Capitaland (TP S$4.1; and (3) a preference for companies with smaller landbanks, should the sector de-rate in the near-term, focusing on stocks like Wheelock (HOLD, TP S$1.85), UOL Group (BUY, TP S$3.93) and Wing Tai (HOLD, TP S$1.75). http://www.remisiers.org/research//sgproperty180909-flashnote%20DBSV.pdf

time to move tomorrow...worst is over,last 2 weeks see it drop to $4.88...buy > warrants is worth your every cent

starlene      ( Date: 15-Sep-2009 17:33) Posted: BS's share price has gained over 40% since our upgrade of the stock to Outperform in June. While inherent value remains considerable from its low-cost land bank, a lack of corporate access and relatively low trading volume are concerns. As uncertainties in the sector heighten on the back of cooling measures introduced by the government, we fear that BS will retreat into its shell as the launch window for the year starts to close. We recommend taking some money off the table until further evidence of improvements in the sector. We raise our FY10-12 core EPS estimates by 1.1% on minor adjustments to our launch schedules. We maintain our target price of S$5.02, still based on a 25% discount to our end-CY10 RNAV estimate to account for the shares' low trading liquidity and lack of corporate access. Downgrade from Outperform to Neutral on valuations. Today cleared all my positions in Bukit Sembawang and switch to Sinotel   mario1      ( Date: 13-Sep-2009 00:40) Posted: it rises too much on friday, should wait a while before buying? Or will the up trend persist?

 

BS's share price has gained over 40% since our upgrade of the stock to Outperform in June. While inherent value remains considerable from its low-cost land bank, a lack of corporate access and relatively low trading volume are concerns. As uncertainties in the sector heighten on the back of cooling measures introduced by the government, we fear that BS will retreat into its shell as the launch window for the year starts to close. We recommend taking some money off the table until further evidence of improvements in the sector. We raise our FY10-12 core EPS estimates by 1.1% on minor adjustments to our launch schedules. We maintain our target price of S$5.02, still based on a 25% discount to our end-CY10 RNAV estimate to account for the shares' low trading liquidity and lack of corporate access. Downgrade from Outperform to Neutral on valuations. Today cleared all my positions in Bukit Sembawang and switch to Sinotel

mario1      ( Date: 13-Sep-2009 00:40) Posted: it rises too much on friday, should wait a while before buying? Or will the up trend persist?

 

it rises too much on friday, should wait a while before buying? Or will the up trend persist?

 

No need to wait for Sept 18,next week to cross $5

 

Wow ytday only about $3.53,today shot up to $4.94 now and its warrants from $2.22 to $2.68 now,power of gearing in the warrants.

 

Nomura raises FY "10,FY "11 and FY'12 earning estimates by 906%,77% and 174% rspectively,even better for the long term

starlene      ( Date: 10-Sep-2009 23:26) Posted: Its warrants reach a 2009's high of $2.26 today,need exerxise price of $2.30 but buy warrants a 10cts U > than breakeven,expired long way 2011

freeme      ( Date: 10-Sep-2009 23:53) Posted: today break out liao... good.. maybe can keep some warrants..

 

today break out liao... good.. maybe can keep some warrants..

 

 

Long term chart very bullish, must have patient to reap the benefit of huge landbank. to buy more if price drop near $4 

starlene      ( Date: 11-Aug-2009 11:56) Posted: Hong Leong Investment,Abdereen asset management and Credit Suisse accumulate more on July 29,July 31 and  Aug 3 respectively accounting for the sharp run up from $3.90 to $4.30 about 1 to 2 weeks ago

 

Hong Leong Investment,Abdereen asset management and Credit Suisse accumulate more on July 29,July 31 and  Aug 3 respectively accounting for the sharp run up from $3.90 to $4.30 about 1 to 2 weeks ago

 

Property Sector : Back With A Bang : OVERWEIGHT We maintain our OVERWEIGHT stance on the property sector as we continue to see good value in property stocks. The residential property cycle has turned up and property stocks are still trading at an attractive 32% discount to the average upcycle P/B value despite the recent run-up in share prices. Back with a bang. The private residential segment is on a recovery track, with the developer sales volume of 4,714 units in 2Q09 alone exceeding the 4,370 units sold for the whole of 2008. Price levels rebounded by 5-8% qoq in 2Q09 after a 30-40% fall from end-07 peak levels. With the resurgence of homebuyer sentiment, we expect price levels to firm up by another 8-10% during 2H09. Thereafter, prices are likely to rise in tandem with economic growth. Structural transformation lends high degree of sustainability to the current recovery. Interest rates are drastically low in comparison to that during the Asian financial crisis. Net household wealth is double that in 1997 and household debt-to-asset ratios are at a 10-year low. Corporate balance sheets are also a lot stronger. Furthermore, favourable migratory patterns to Asia and Singapore's appeal as a top global city, as evidenced by the higher level of foreign participation, help support a sustainable recovery. Supply glut has been overstated. The tight supply in the public housing segment, which accounts for 78% of the total housing stock, and the segment's narrow price differential with the private mass market segment support the overall private residential market. Moreover, the demand and supply dynamics are favourable to the private mass market and mid-tier segments that constitute nearly 80% of the private housing market. Also, the strong holding power of developers this time round lends them greater flexibility in releasing their high-end inventories. Integrated resorts to spearhead re-rating. The two integrated resorts (IR) are expected to create 50,000 to 60,000 jobs and directly contribute S$5.4b to the Singapore economy, or 2.6% of GDP, by 2015. The IRs were the major catalysts of the last property boom by creating buzz for Singapore's transformation into a top global city in which to live, work and play. With their launches coming up in 1Q10, the IR theme should make a strong comeback towards the end of this year in the run-up to the IR openings. Bukit sembawang Target Price $5.40 edge magazine..the true golden cross between the 100- and 200-day moving average has yet to take place by then the breakout indicates a target of $5.40 a level that was not unfamiliar to shareholders of this erstwhile blue chip.Long term indicators comfirm the target.

 

So many rushing to Ang Mo Kio Condo....Bukit Sembawang may be launching theirs too.Edge magazine(latest copy )..Bukit Sembawang has good chance to hit $5.40

http://www.myhometown.sg/Forum/tabid/84/forumid/307/tpage/211/view/topic/postid/28623/Default.aspx#153593

winsontkl      ( Date: 20-Mar-2009 23:46) Posted: Strong support from some BB ....

 

Strong support from some BB ....

 

Trade with care this morning $2.36..now $2.30...after rights ceased trading and payment received by co....mother share will drop further

787180      ( Date: 20-Mar-2009 10:25) Posted: Avoid artifically push up to 42.36 today..after payment of rights $$...may be in for free fall buy below $1.50..wait winsontkl      ( Date: 11-Mar-2009 23:07) Posted: might as well buy from market.... still observing ...monitoring...

 

when i notice it, it up only 200%.. then i waited awhile, wan to check abt their r shares, den boom.. 900% liao..

those buy at .01 must be damn hapi. even now also gt 600% profit

jackjames      ( Date: 20-Mar-2009 11:19) Posted: oh dear, this is the craziest stock I have ever seen... BukitSemR shares, up 900% in less than 30 minutes, crazy.