Ho Bee Land    Last:1.78    -0.02

Riding High On The Sentosa Wave

High PE to you may mean that many things, but to me my interpretation is always overbought. So the higher the PE, the lower chances I will buy the shares and the chances of selling increase.

1. The earning for the year dropped, that means inconsistency in earning, there are non-substancial earning in previous year, Usually this non-substancial earning in my analysis for the Annual report, I will eliminate away before doing the fundamental calculation, this is why sometime my data show and those investement website is different.

Earning drop can be another sign for market reversal also an important signal to sell if this drop is so significant that it drastically affect PE.

2. Good confident without fundamental support is dangerous, especially when confident loss the price will drop like hell.

currently Ho Bee in my investible rating stands at 134%, so is a super cheap buy.

80%~120% consider cheap 120%~150% consider super cheap More than 150% great deal..

when  it hit 50% can start sell, hit 0% and below  goodbye, another selling  possibility is when economic turn bad..

So within the cheap range I will allocate certain fund in this range and will not buy in one short, If share price drop further and hit the super cheap range funds will increase accordingly, and if funds are limited then I will enter based on price and duration.

This fundamental methods is improved overtime, from experience.

As I am and engineer,can't have time following the technical every minutes/hours, thus fundamental approach is the best.

unbounded      ( Date: 23-Mar-2011 19:40) Posted: high p/e can mean a few things as below: 1. the earning for this year temporately dropped (maybe...check the annual reports) 2. investors have good confident in the future prospect of this company 3. hyped stock (overbought) vice versa

 

high p/e can mean a few things as below:
1. the earning for this year temporately dropped (maybe...check the annual reports)
2. investors have good confident in the future prospect of this company
3. hyped stock (overbought)

vice versa

 

What does high PE means, it means that the stock are overvaluated. For me low PE + high Profit/ Revenue ratio is a good stock + another 4 other fundamental evaluation figure add up to my fundamental accessment .

sureesh40      ( Date: 22-Mar-2011 16:43) Posted: why is this stock PE ratio so low. That is a worry, a good growt stock will have higher PE ratio

 

Dont worry. Ho Bee is safe.

sureesh40      ( Date: 22-Mar-2011 16:43) Posted: why is this stock PE ratio so low. That is a worry, a good growt stock will have higher PE ratio

 

why is this stock PE ratio so low. That is a worry, a good growt stock will have higher PE ratio

 

I have pick up some  following the daily share buy back, currently following the daily share buy back I have been packing with more then double return  for my investment, for the 2003 from picking at 0.28 ~ 0.35, for 2009 around 0.38~0.45, I am not risk adverse taker currently only pick up twice at 2 lots. and continue to observe what is the time it stop it daily share buy back.

 

confirmation of the inverted hammer and it's bullishness. Ho bee rebounded from support and is currently moving upwards. it faces resistence by its moving average.

if there is good trading volume, Ho bee could complete the bullish crossover and cracked that resistence.

http://sgsharemarket.com/home/2011/03/ho-bee-technical-rebound/

 

 

Ho bee triggered an inverted hammer formation on it's technical trading chart on friday. From the looks of it, Ho bee could be poised for a technical rebound.

http://sgsharemarket.com/home/2011/02/ho-bee-poised-for-technical-rebound-with-inverted-hammer-formation/

 

 

SINGAPORE, Feb 25 (Reuters) - CIMB Research has cut its target price for Singapore property developer Ho Bee Investments to S$1.85 from S$2.07 but maintained its outperform rating.

STATEMENT Ho Bee's core net profit of S$211 million for 2010 met CIMB's expectations but was below analysts' consensus. CIMB said Ho Bee's earnings growth in 2011 should be underpinned by a revival of sentiment for Sentosa island property. " Sales on the island as been slow," CIMB said, pointing out that the recently completed condominium, Turquoise, is still 53 percent unsold. However, CIMB takes comfort in Ho Bee's stronger capital structure since the last recession, adding that Ho Bee remains the largest developer in Sentosa with three luxury projects. At 0248 GMT, Ho Bee shares were up 3.1 percent at S$1.35 with over 1.3 million shares traded. (Reporting by Xue Jianyue Editing by Kevin Lim) ((Xue.Jianyue@thomsonreuters.com)) Keywords: SINGAPORE MARKETS STOCKS\HOBEE

 

Ho BEE: Reported 4Q10 and FY10 Results, broadly in-line with expectations. 4Q10 Rev at $112.1m, +13%YoY and +13.4%QoQ, while Net Profit at 115.6m, +168.3%YoY and +198%QoQ. Result places FY10 Rev at $538.9m, -53.5%YoY, while Net Profit at $308.3m, -8.5%YoY.

Strong bottom-line performance, was contributed by the gains of $31.6m and $66.5m on the sale and fair value changes of investment properties, respectively. Turnover for Grp’s ppty devt in 4Q10 rose 13% to $104.1mYoY, as a result of the completion of The Orange Grove project in Dec.

However, turnover was lower YoY due to the exceptionally high recognition of rev in FY09 when five residential projects, namely Vertis, Quinterra, Orange Grove Residences, TheCoast and Paradise Island, were completed.

For Ppty Investment segment, Group sold TG Building, Frontech Centre and four floors of office space at Samsung Hub, generating a net gain of $30.2m, durning the yr, as part of Grp’s strategy to rationalize its investment property portfolio, following the acquisition of 1.2m sqft of prime commercial development in One-North.

Going forward, grp tips recent anti-speculation measures introduced by govt to have more dampening impact on the vol of transactions and prices of private residential properties. Notwithstanding expected weakening of residential ppty sector, grp remains optimistic for FY11, where earnings are expected to remain positive with progressive recognition of income from sale of development projects in the previous and current year.

At current price, valations are competlling, with grp trading at 0.66xPB, with Net Gearing at 45.7%. Grp has proposed a one-tier final div of 3c/ share. Inclusive of the 1c interim div paid out earlier in 2010, aggregate div for FY10 amounted to 4c/share. (3% div yield). CIMB Maintains OutPerform with $1.31 TP.

 

Ho Bee – Company Results (Bryan Go)

Recommendation: Hold

Previous close: S$1.31

Fair value: S$1.42

 

• 4Q2010 revenue at $112.1mil, increased 13% y-y, and net profit at $115.6mil, upped 168% y-y
• FY10 revenue came in at $539mil, 53.5% lower than the previous year, and net profit at $308mil, or 8.5% lower than the previous year
• Proposed a final dividend of 3 cents per share
• Expects lower revenue in FY11 shall its sales volume remain low
• Maintain Hold with fair value lowered to S$1.42

  /PS/

 

 

The revised min. tgt price for this issue is $1.24 based on its recent pattern.

Based on the Elliot Wave Principle,  it  is likely to hit $1.18 as support.

Let's see what happens then. )))

   

 

My fundamental strategy is with the valuation increasing will enter more with valuation -ve and TP show reversal, all get out. If fundamental valuation drop due to FY report then will adjust based on the valuation adjust. So if the valuation is +ve will hold till it -ve.

iPunter      ( Date: 18-Feb-2011 07:17) Posted: As you can see, even with a TA-based bet,     no one can predict how a stock will move.           Thus, since all is betting, it is utmostly important                 to be strict with one's cut-loss point.                       A small loss is the 'insurance premium' one pays                               to avoid even bigger losses... iPunter      ( Date: 21-Nov-2010 15:26) Posted: I will only buy this stock @1.61...      and nothing higher than that...

 

As you can see, even with a TA-based bet,

    no one can predict how a stock will move.

          Thus, since all is betting, it is utmostly important

                to be strict with one's cut-loss point.

                      A small loss is the 'insurance premium' one pays

                              to avoid even bigger losses...

iPunter      ( Date: 21-Nov-2010 15:26) Posted: I will only buy this stock @1.61...      and nothing higher than that...

 

Fundamental strong(not many stock score more than 100% for my fundamental valuation, based on current price it is alround 106%), technical weak due to government policy. Will be looking forward next week FY result.

 

Will this produce double bottom and move up?

 

I will only buy this stock @1.61...

     and nothing higher than that...

 

Looks more like a symmetrical triangle to me, not a rising wedge...;)

 

I think if Thur or Fri is a good time to buy in.... going to hit all time low liao.... Do not short now....

 

Inverted saucer may mean high probability of dropping lower... 

   but if shorting, make sure to sell high...