Hiap Hoe    Last:0.515    +0.005

Looks like on an Uptrend

eheh, kilroy, that's not called fundamentals man... basing on a single acquisition, that's called speculation. sheesh, i thought you were a sharper trader than that. :P

no offence yea. hehe. yups i sure hope i can someday make millions tooo!! hehe. sama sama to you.  

anyway, hh's bollies are starting to pinch in. some large change coming soon. don't know if up or down tho.    BBs  starting something.  this is going to be fun.

whee!

loony elf.

haha.

 

Wanna play but failed stock criteria how to?

I broke my own rules last week (typical damn human with emotion). I went on fundamentals for Unisteel and look what happened? Acquisition failed to reach an agreement. The stock took a tumbled today. Had to cut lost. I am sure its a knee jerk reaction.  I wish I was in the acquisition board meeting so that I can kick both parties asses. :p hehe.

I sincerely hope you make grands if not millions.  No 'calculated' risk no 'exponential' gain.

 

lol, no lah kilroy. i'm a small kantang; i'm not holding so much of hh that i need to hard sell it. i wish, man!

besides, have always advocated that investors make up their own minds, since i certainly don't believe in blindly following anyone. (not even meee! haha). that's why i always have a disclaimer.

but yea, hh is a low vol stock. same as edmi. it's for fundamentals i'm buying it. TA tracking that i use on this counter is very different from the normal indicators. def taking a risk. and eh ppl, as i've been warning on this counter, will be very volatile. so pls ah. make up own minds.

kilroy doesn't want to play some for fun? :P keke.

 

amateur99,

Divvy only 1ct xd 15 May. < 1%....so its a non event.......

I wouldnt let this affect my 'Buy/sell' decision.

 

You two (elf and vic) really hard core seller huh? :p 

If what you say now do materialise in the next two quarters, a big congrats for the homework done .. and the 'selling' too!

The average low volume for this counter failed my stock selection criteria, so I'll stand sideline and watch actively.

 

hi amateur99, it depends entirely on your risk profile and the amount of funds you want to put in.

if you're only putting in a small no: of lots, then yea, as victorian suggested, better to go in and take the div. if you're more middleground/wary by nature and/or going in a large no: of lots, could do by averaging: ie, go in a portion of your funds now, take div, expect slight drop XD, and then go in again.

but be prepared tho that you might have to pay abt 1.15 or so for HH if the BBs decide to chiong it CD.

fyi, drop XD tends to be by the amt of dividend given. HH's not giving a lot, so i would not expect a drop of more than 5c the day XD.

perhaps do your sums well and decide what it is that is best for yourself? good luck!

 

victorian, if i want to enter this counter, you reckon better now- when price still less than 1.10- or wait later after ex div (15 may)? thx.

 

Vic, congrats to you and pray she has a safe delivery.  Am familiar with that area cos wife used to teach at Yamaha Music School, Marine Parade.  Will be good excuse to walk down memory lane now that we've shifted to the north eastern part of the island.

 

vic, married deal at 1.049. wah liao. talking about 327lots. wah.

hehehe. me bought in again this morning *glee*

 

Wa lau Master Vic, you this type of investor where to find:)  Buy FJ shares, go to FJ outlets not only to eat & drink but also talk to the staff to find out exactly how management runs the coy.  Now with HH you go to their sites and try to talk to the agents!  Hello, how abt talking to the security guards??  Muah ha ha.  But jokes aside, you the BEST.  You're so bleddy thorough & serious. You really do your homework, hats off to you, Towkay.  Need a bodyguard on your next trip???  I volunteer can or not?  Ha ha  Btw, I think I'll go to one of Salim's stall to buy some pants, keke.  You know what I mean, ya?  Meet up in 2wks' time, ya.    

 

hey CWQuah,

no prob. we're all just sharing here. :)

just a brief update for the hh-ers here:

like i posted on fellowship thread on sunday: expect hh to be squeezed this week.  tues was the last of the T+6 forced selling, so naturally squeezed down. So far it's nothing out of the ordinary, which is good.

what is interesting to note tho, as cwquah said, you'll see charts showing sell down, but note that hh is a tight float/cornered stock, ie, charts (esp indicators like a/d and c/o) are likely to be inaccurate. pls be careful when using indicators with this stock, as not all will be accurate. Easiest way to track the real picture is via the actual buy up/sell down data:

as victorian astutely observed: you'll see run ups by retailers, whereupon a certain price is reached (eg, 1.11), suddenly a large lot of 100, 200 will be thrown down. then retailers panic and sell, and a consequent large buy up occurs (1.09). this pattern has been repeated for at least the last week. which dovetails with the picture of BBs shaking out small timers.

 

because if it is genuine distribution by the BBs going on, then, you won't see that many large buy ups consequent to the sell downs. And long term, if you track from 60+ cents, the picture is clearer: it's major accumulation going on, not distribution.

as i said tho, expect a volatile ride. just sit in here quiet as mousies. big pic, or tech pic, it's uptrend. no reason why if HB, UIC, wingtai etc go up, hh will not, esp as their land and props are in the high end market and orchard road belt--look at keppel's results.

 

 

Hi Elfinchilde and Victorian,

Thanks for the incisive assessments! I saw the intraday chart for 24 Apr 07. It definitely doesn't seem logical why a company that is riding the bullish fundamentals of the property market, should experience such massive downselling. Noted the price was breaching the $1.13 mark upwards before the 400 downselling lots came in.

Let's just wait for the expected future appreciation.

 

 

 

Treaty for extradition and defence to be signed between Indonesia and Spore soon. Following that I expect good news on the sand and granite imports. Hence, bought some HH shares in expectation this morning.

 

hi citysky and cwquah,

hh lags the rest of the property market because they still own 300,000 sq ft of prime land in the orchard road belt, that has not been fully developed yet. Focusing on high end market, they've soft launched only one (or two if you count causcaden royale) of their props. most of their releases will be in 3rd Q of the year. So this is why they lag the other prop counters.

plus, news spin: HB, wingtai, UIC, capland, kepland and AG were getting the attention earlier this year 'cos they launched earlier.  

so briefly, they lagged 'cos were off market radar: market sentiment catches only what's in the news. And meanwhile, if you look at the charts, definite accumulation since its consolidation: the first run from 60+c to 80+c took place almost unnoticed by retailers. Market sentiment has not yet priced in their new props (that's partly why i say it's an early HB too)--look at HPL for instance. ran up that high just 'cos of one bullish report that said it's worth $10 plus--do you know how they got that value? purely via the assumption that the govt would revalue plot ratios. meanwhile, if you follow the charts, you can see that the BBs were offloading HPL like anything.

hh on the other hand is the opposite story. real value there, but ppl haven't noticed it yet. and yea, like i said, definite accumulation since its consolidation. I've been tracking this counter since then. a lot of playing along the way to squeeze out the small fries. which is why i advise caution for this counter. def a lot of value, but will also be alot of volatility. it'll be a game of nerves between you and the BBs.  

cheers! and as always, caveat emptor.

 

Hi Victorian,

Very informative post, greatly enlightened by it. I'd like to learn how do you tell that today was a force-selling day for this stock? Is it because of some unique price movements observed in today's trading session?

Does anyone have the FA for Hiap Hoe currently (along the lines of what other projects/sales are coming up in 2007, expected profit margins, etc)?

Currently vested, and probably will look into further accumulation if pricing is favourable.

 

 

victorian, can you kindly explain what is a cornered stock (= control stock? ) and why you called hiap hoe a cornered stock? thanks

 

Hi Victorian

Thanks for replying my post.

The spore mkt is like the aussie mkt.where shares and properties are booming at the same time.Here the property mkt has been booming  for about 3 to 4 years alr.esp Perth and queensland.

 Actually,the share mkt and the property boom are fuelling each other to greater heights.If the aussie experience is anything to go by.

Watch out for big money coming from China that will fuel the property boom,as in australia.

cheers

 

 

Guys, today's <Sunday Times> Invest column mentioned this counter--"Property Laggards that are still trading at a discount to their asset backing include Hiap Hoe and Soilbuild". What is the key rational cause this counter Laggards behind? anyone? Please. Thanks a lot. 

 

Hi Victorian

Getting old is like that,very un corordinated.

4.wonder if u have the HH lastest valuation of their properties and land in hand.Normally,they commission firms like CBRE or Jones lang to revalue their 'stock'regularly.

cheers.Hope this is not a long post.

 

Hi Victorian

Just asking for ur wise opinion

1.Is this the early stage of a housing boom in spore?

2.Are the buyers mainly speculators(put a small deposit,px up and sell),investor(buy the apt.to rent it out) or home buyers(buyimg for keeps).

3.How big,u reckon,is the rental of private properties market in spore.I recall,in spore most private properties are mostly rented out to expats.If so,it comes back to the spore economy.

I am vested.