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It rose on market talk that the property firm has secured rights to host Formula One (F1) motor racing in Singapore, dealers said.
The firm could not be reached for comment.
The Straits Times reported in January that the firm, controlled by tycoon Ong Beng Seng, may have secured the rights to hold the races. Hotel Properties did not confirm or deny the report at the time.
anyone know what good news on HPL?
"Grab and go often" is the way to go... if you are too slow, it may run away...
Thank you ipunter. I am trying to take profit and hold more cash. Also trading on much shorter term now in current market condition. Still got lots to learn from you and all the sifus/verterans here. Cheers !
Well done, Jessie... :)
If you look at its Bollinger bands, they were extremely tight which gives an indication of rapid price change. However, it took a few months (!!) for this to happen.
Usually, Bollinger Bands are tight for only a few days then the price change will happen.
This counter has been moved up about 25% the past 2 weeks.
Appreciate comments on it?
This counter has low volumes (not too good for TA practitioners). The charts tell me that the trend is generally heading south some more.
Hi Singaporegal,
What's your opinions on Hotel Prop (steady?) and Hotel Grand Central. Unable to judge trends based on market actions. How about TA? Thanks
Hi Ricky,
I received a news report from KimEng indicating that HPL has potential of moving north from 2.50 to 3.05 cause the group own the Four Seaon, Forum Gallery, Hilton etc, and there is potential of re-development and covert the Shopping area near roadside Orchard Rd to Open air Cafe etc. I do not know much about this share, just for your info to digest !!! read below.
♦ Conservative valuation
Conservative valuationHotel Properties Limited (HPL) is undervalued on account of its portfolio
of hotels and investment properties. We have a RNAV of S$3.05 based
on the revaluation of its key hotel assets (Hilton, Four Seasons and the
Le Meridien) and its investment properties in Singapore. Their hotels
overseas are more difficult to assess and we have valued them
conservatively at their book valuations.
♦ Redevelopment potential
Redevelopment potentialThere is redevelopment potential for HPL?s Orchard Road sites which
include the Hilton, Four Seasons, Forum Shopping mall and the HPL
building in the future. Indeed, the URA has also indicated that it will
provide incentives for property owners in Orchard Road (e.g. higher plot
ratios and better usage of space, with access roads converted into
pedestrian malls and outdoor cafes). Including the piece of URA land
(for future sale) behind Hilton Hotel, these properties could provide
sizable prime land for commercial and residential redevelopment.
♦ Hotel operations should underpin growth
Hotel operations should underpin growthThe hotel operations in Singapore should see improvement in their
average room revenues (ARR) and occupancy rates due to the higher
tourist arrivals and the tight supply of hotel rooms in the next two years.
With the re-opening of the Four Seasons Resort at Kuda Huraa in
Maldives, we can also expect better results from its overseas hotel
operations.
♦ Looking out for prime developments
Looking out for prime developmentsHPL will continue to look to develop prime landbanks as it had done with
its Four Seasons Park and Nassim Jade developments. It is currently
developing the Robertson Blues condominium project along the
Singapore River. Overseas, it has The Met, Bangkok which is a luxury
370-unit high-rise condominium development in Bangkok?s CBD as well
as the Oasis Riviera condominium in Shanghai.
♦ Revaluation play ; BUY
Revaluation play ; BUYWe have a target price of S$3.05 based on our conservative RNAV without
factoring the future redevelopment potential of its Orchard Road sites. The
stock is trading at a 18% discount to our target price. BUY.
Would appreciate your comments from TA and FA point of view on this counter please. Is it a good time to go in and buy ? Thank you in advance.