Chip Eng Seng   

Strong buy for Chip Eng Seng

market getiing majoh correction today,,,,,,,im sidelide wait for three day heavy selling akang datang.........

 

Enter at this priceat 0.635, for further upside soon...

 

sold out part of my pofolio at 675cts,,,,too bad 69cts not done another portion,,,,before closing show hand all my ces at 66cts,,,cfd net short shortist cover their position today,,,,,so if no movement in coming day,,,,i going to ,,,,,,change my target to china relate counter.......i dun thing have any positive news from casino proj headed new year mood.......alot construction  site prepare for holiday mood and so share price will headed south again........bye bye

 

 

Sporeguy, i agree with ya .. 200d MA is a resistance. However, i saw a lot of construction counters in the opening and this shows that sentiment for construction sector is good thus thus there was a lot of momentum in the morning for these counters despite the trendline support broken for the DJIA to my surprise. So congrats to those who were brave enough to buy on opening who shld be sitting on some profit buffer now. I do think that since this rally is led by so many counters, there may be a chance that the resistances may be broken.


 I dun rely much on indicators except for divergence signals these days. :)
 

 

market look bad,,,,,,,,,,i going to take action when market open,,,,,,,make sure profit first,,,,,,,,,good luck,,,,,,,i think shortist accumm alot bullete yesterday,,,,,,,,after morning action,,,,,i will sideline and see see first

 

Trader, the red 200ema in yr chart may be a resistance (approx 69-70c) as well. William's is ob and stoch is going M shape.

 

Spotted it in the top movers section today and i made a chart of this counter which has been in my watchlist for a long time. U can take a look here @ my blog.

 

a lot retail player naked  open short position at cfd account will be get ......badly burn,,,,,tomorow all of us can see all of them going to buy back crazy before placement announce,,,,,,don play play to short this cts ,,,,,,, dun play play wif bb from gg,,,,,,,,,,tomorow wil l see alot buyyer not buy the share,,,,,just to cover their heavy lost

 

ho chi ming proj finally ann,,,,,,,yes,,,,,,,my hold ing 595cts,,,,605cts.....615cts.....66cts all in profit,,,,,,now wait for share placement,,,,,,so good chance to above 75cts,,,,,,,im going to dump annytime.......im going to buy more if can hold steady above 69cts,,,,,,,im waiting placement price announce

 

A fine showing for CES today. Hope to see it cross 70 cents within the next few days and consolidate around this price.

 

Chip Eng Seng has started off 2008 with a Big Bang.  Though ST Index is down approx 25 points, Chip ES surged 5 cents or 7.9% to 68 cents closing.  I am on leave today and has the chance to monitor Chip ES' price.  The last one hour of trading is fantanstic.  Results to be announced any time soon.  I reiterate that if the profit surge by 4 times, P/E ratio will be only approx 6.  For realistic P/E ratio of 18, the price has to reach S$ 1.80.  My views only.  Do your research and invest at your own risks.  Strong buy for Chip ES is still my take.

 

Wow...seem like there is no tomorrow...

 

WOO HOO HUAT AH!!!!!!!!! Look at the Volume and the Price now!

 

Though ST Index market is down approx 28 points now, Chip ES is up 3.5 cents approx 5.6% with strong vol of 21,000 lots.  Chip ES has announced that it won venture of S$180 Million to develop District 2 and 8 in Vietnam. And it stated clearly that it will add positively to year end results for Dec 2008.  Way to go !  Strong buy for Chip ES....

 

Been Buying and Taking Profits for this counter for the past 2 months, Bought back again 2 weeks ago at 0.625. Not gonna take profits for now, I expect it to soar till at least 0.70 in 2 weeks. Definitely a financially sound company after looking through its 3 yr P&L Statements and Balance Sheets.  

 

cashiertan,

Your s/w seem to be quite accurate...better than crystal ball...got any more information?

 

Impressive...

 

GK Goh is recommending a BUY with long term price target of 91 cents. Immediate target is 72 cents.

Me also holding CES shares.

Cheers..

 

this is the information i want to see, thank you samloh28!

I am at the same boat as you, vested.

 

Dear Chip Eng Seng investors,

Happy 2008 to you and your family for great health, wealth and happiness.

My views are there are reasons to be bullish about construction and property sector in Singapore, with construction volume of S$ 18billion to S$ 22billion in next 2 to 3 years, with IR Marina and IR Sentosa in full swing; Sports Hub results to be announced in 1st quarter 2008; record prices of property in Marina; Orchard; record prices for landed property; prices now filtering upwards to the surbub and mass market.

Now, looking at Chip ES records: Currently, its P/E ratio of 23 is the lowest of all listed construction companies in Singapore.  Others are looking at 60 to over 90.  Thus, in terms of value for money and P/E ratio, Chip ES has the best.

Next, looking at the revenue and record profit growth. Chip ES has now diversified in property developments.  Its July 2007 Parc condominium is fully sold out in 8 days and it recently won Ellias Road condominum project.  Both these will net mulit-multi million profits;  S$ 120k x 1000 units profits approx S$ 120million at least plus other high end property developments.  The job at hand is easily S$ 700 to 800 million estimated into 2011.  Note that Chip ES will make both from construction and property development profits.  Also, the huge 50-storey HDB units at Tanjong Pagar will be completing in 2009 and this brings in huge profits also. 

Looking at the record profit, assuming that profit goes up 4 times, (P/E ratio to be revised based on Year 2007 end), P/E ratio will drop to only 6.  This will attract great buys from investors as it is very much value for money.  And if the P/E ratio needs to go up to say 18, the share prices theoretically has to trible to S$ 1.80.

Over the long run, penny stocks traditionally go up with time lag after the big blue chips have run up.  And penny stocks you can buy bigger volume and hence, with greater % price increase, you will realise hugh profits in terms of % growth x volume.  This is the plus point of penny stocks which will grow.

Not forgetting that Chip ES has share buy-back scheme of over 600 million shares, which I think will help support the shares.  And Chip ES is 25% owned by fund manager and is financially sound.  Note that share buy-back is practised by blue chip company in Singapore also.

Having said the above, the most important thing is do your own research on Chip ES and invest at your own risks.  Take calculated risks if you want to win in 2008 !  My take is still Strong Buy for Chip Eng Seng in 2008 !  Good luck !