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wee hur bought harvest at woodland at $34 psf, $22.9 million, development cost around $65 million, total cost $88 million, psf around 135psf, now selling more than fifty percent in fy2010 between 200-380 psf, ave 300psf, can they make $100 million from harvest?? with bonus two for one in coming month, maybe can invest in wee hur for fy2011....invested
bsiong ( Date: 09-Dec-2010 09:59) Posted:
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Wee Hur Holdings Ltd announced that the Company has, today, received options to purchase two properties located at 39 Kim Keat Road Singapore 328814 and 1/A/B Lorong Ampas Singapore 328775 from WM Development Pte. Ltd for a purchase consideration of S$15 million.
/sgx masnet/
Wee Hur Holdings- Update Recommendation: Buy (upgraded)Previous close: S$0.475Fair value: S$0.62
· Review of Harvest@Woodlands · Upgrading our revenue and net profit estimates to S$342m and S$54.3m · Upgrade to BUY and fair value to S$0.62 |
Source: Phillip Securities Research Pte Ltd |
/i read i post /
Dunno leh... i am also monitoring this one...
Some rumour they got another large deal?
finally some movement, anyone knows what's up??
UOB KayHian starts Wee Hur Holdings (E3B.SG) at Buy with $0.60 target, based on 10% discount to sum-of-parts valuation, says Dow Jones.
UOB KayHian says construction, property development group offers investors unique opportunity to participate in both booming property development segment, construction sector in Singapore.
Broker notes $315.6 million orderbook provides good earnings visibility, with recent $103.6 million contract from CapitaMall Trust (C38U.SG) underpinning growth for next three years.
Expects Wee Hur to secure another $100 million worth of jobs this year. Says company has proven track record of more than 30 years, with clients including government agency HDB, Ascendas Group, Ho Bee Investment (H13.SG). Shares +1% at $0.49.
Wow at TP 0.60 now price is like GSS!! Any comment??
:)
Any idea what happen to WH today??????? Price went up by as much as 6.9%.
Wee Hur wins $103.6m Jurong entertainment centre deal
By ANGELA TAN
SINGAPORE - Wee Hur Holdings Ltd said on Tuesday that its subsidiary, Wee Hur Construction Pte Ltd, has secured a $103.6 million (US$73.9 million) for the proposed enhancement of Jurong Entertainment Centre at 2 Jurong East Street 13 from HSBC Institutional Trust Services (Singapore) Limited, Trustee of CapitaMall Trust.
Phillip Securities initiated coverage with BUY call, 12 month target $0.66.
Today up a bit, I wonder if there are more upsides. Any advice?
Wee Hur Holdings, the award-winning BCA Grade A1 builder and property developer, posted a two-fold jump in its net profit to $13.2 million for the nine months ended 30 September 2009, exceeding that of the entire FY2008 ($8.0 million) by 64%.
This increase in net profit came about on the back of an expansion in revenue by 81% to $161 million which is generated by a number of major projects with substantially higher contract value currently in their more matured or completed stage of work in progress.
This increase in net profit came about on the back of an expansion in revenue by 81% to $161 million which is generated by a number of major projects with substantially higher contract value currently in their more matured or completed stage of work in progress.
I saw their report. Quite impressive project awards. This is construction cum property counter. Both sectors have seen difficult times, but I think can wait lah.
keepnosecrets ( Date: 16-Apr-2009 11:53) Posted:
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Wee Hur one day sunshine, one day rain!
Keep away from this counter. No good play.
result decreased 83% !
with nett profit only SGD 690K for construction company? what ?! u must be kidding ..
YongNam, CSC will be on watchlist now... even the SC Global (talked down by all the fund managers) registered a 75% increased profit to close to SGD 20 millions !
it's a new counter, not much strength to support at any price... so i will watch sideline unless, that is dirt cheap price like some of the china shares which drop more than 70-80%, that is called cheaaapp..
Below 30 cts already, you could soon get IPO price, cheers.
Hope to buy around 20 cents, the lower the merrier.
not yet la.. 0.305 lowest today only.. nowadays, the stock will not run up fast because many people will do small profit taking.
Ouch... really dipping to 25 cents. You not wrong JJ. But is it now ok to buy?
Aiyo..Jackjames, cannot like that lah. If drop back to IPO price, make shame of our SES (SGX?) people. Anyhow approve price for IPO? Well, admittedly they are always like that.
But for collection as it comes down, doesn't matter as averaging as it falls. They have always sold-out the houses/apartments they built.
Anyone know if they have any new projects?