SingaporeLandGrp    Last:2.0    +0.05

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hehe  jessie...

Actually you can be our "shi jie" since you are so senior.   :)

 

i was joking only.. lolz

 

Xie Xie Shifus !  "Pei fu, Pei fu"

 

Shplayer do the FA. I confirmed it with my unique TA and Common Sense. These make it like YI Tian THU LONG combined..

 

ha ha ha... this shows there's a really huge crowd at ShareJunction. Maybe there's should be one more level after "Master" and "Veteren" :- "Market Mover"...   lol..

 

UIC looks like moving north now after the comments from shplayer and cashiertan. ..............      lol          ........ha ah ah.

 

UIC looks like its going to be flat or slightly downtrending for a while

 

shplayer,

Completely agree with you on these...

just wanted to stimulate comments for exchange... pse don't take any offense, though sometimes it sounds rather blunt and discourteous...  :)

 

iPunter,

You are right...car has its uses and convinience. But, what I was trying to convey is, I won't spend unnecessarily on a car. My emotions tell me I should get a bigger car....2ltr or bigger....and pay $30-50k more. But what does this 30-50K get me?? Feel good, have more 'face'??

To me, it is too high a price to pay to pamper my ego. I am very happy driving around in my modest 1600 cc car....it is reliable, economical and brings me and my family around in smooth, cool comfort. :-) 

With stocks, if you invest wisely, you have a reasonable chance to make your money grow. If I spent the extra $30-50K on the car, that money will definitely depreciate to $0 in 10 years....with no chance of making it back.

 

shplayer,

Comparing buying a car with buying a stock is a bit out of whack  :).

A car is an asset you can use for making money, creating value and also pleasure, prestige, etc. during its period of usefulness. But buying stocks can  also put you misery for years if you bought high and you may only break even in the end.

 

I booked my car when COE dropped to $8+k and car was priced based on COE at that price. By the time I got the car 2 mths later, COE was $11+k ...........but price was fixed so I did not pay extra. :-)

 

good for u. guess u even time ur car purchase. got ur coe at the lowest. yupz was thinking of buying a Kia Picanto or Vios than when coe was below 10k as i know govt wont let it stay below 10k . however just like what u said, buying a car is like buying citiraya shares. negative asset thus plough all to buy shares for aggressive make back..

 

Bought car beginning of the year when COE was down to $8+k. At that time, I worked out that it was cheaper to buy a new car than to keep my 3 yr old one due to the higher COE at that time.

It is a modest Japanese 1600cc car. Dont believe in spending $$ on cars.....for every $1 spent, about 65cts goes to Govt taxes (ARF, COE,GST etc)....they are rich enough and I don't want to enrich their coffer more than I can help it.(better enrich mine)

 Furthermore, cars are limited to10 yrs and is a depreciating asset.

With stock, at least $$$ can grow. With cars, it is like buying a stock with negative yield (for road tax, ins, petrol tax), where you know in 10 years the stock will be liquidated (car scrapped) :-(

 

this yr should be a good year for u. ur rotary and this uic and other counters all buy low low..

buying new car soon?

lolz

 

Early this year, when Sp Land moved above $7.00, I unloaded them and switched to UIC cos the former was above NTA and UIC was at a discount. During the 'post election' crash, I took the opportunity to accumulate more.

 

i wont be surprise. haha

btw, i and my friends areadi have signal to buy since May. i didnt enter like my friend coz i wasnt keen on prop stocks than.. now abit regret.

 

cashiertan,

did our comments cause UIC to move up?.....now at $.182 :-)

 

this two counters was traded below their NTA for yrs till this yr mar.. due to unrosy views abt estate in spore. however, UIC and most other prop counter didnt revalued their bldg for yrs for the benefit of their owners. Forward looking, UIC price is reflecting the current value of their asset which Investor believed to be. However, i believe the bldg price will raise every yr as the IR gets to completion..

This current value is fair as of this yr thus u may need to hold for mid to long term to realise the intangible intrinsic value of these cash cows. With Rental set to climb, their cashflow will be excellent for furthur acquisition. Of coz there is chances of sales or lauching of Comercial Reit for their properties..  

 

Sorry, SingLand, currently trading @ $8.25 is 34% premium to its NTA. 

 

To add to cashiertan's comment......

don't forget that >90% of UIC 's NTA and/or market valuation is derived from their holding of 72% stake in SingLand...which has a bank of commercial properties in the CBD area that can also be revalued.....namely SingLand Twr, Clifford Ctr, SGX Ctr 2, Gateway, Marina Sq (Associated prop). Any revaluation upward  of SingLand properties will have positive impact on UIC's NTA.



Currently SingLand @ $8.35 is trading at a premium of 36% to its NTA and UIC @ $1.80 trades at a premium of  25% to its NTA.