SPH   

SPH

BBs r watching every single move. Mgrs dun approve their leave. So their face v v black. U try throw & c got pple eat or not?

('',)

 

Ha...ha... Gxxxx is taking $$$ from this pocket and putting into another pocket.

 

Get the picture?

 

wah! today seems muted..only small cats and dogs playing ping-pong 3.63Vs 3.64 *yawn* !! i want actions !!?!??! BBs gone  on long vacation liao har? :P

 

So obvious, over paid by so much.

 

after overpaying by such a big margin in the Clementi mall tender, management now just try to pacify shareholders by citing Paragon examples, blah blah...

i am sure the shareholders dun mind overpaying by 5%, 10% or maybe 20% more ...hahahaha.... but they have paid almost double what their competitors did... that's what the so-called scholars can do lor... made mistake & try cover backside.

 

1 word - Bubble!

 

SPH is not the kind of newbie/novice u perceived.... look at Paragon and look at SkyEleven. Again, I would like to cite Parkway's novena medical centre... Then parkway's bid was 100% more than second bidder.

junction      ( Date: 10-Dec-2009 13:36) Posted: Yes they have done their homework but they are novices in this area.  That explains why the tender is so much higher than the others.  They could have saved so much!  I would say the management has a lot more to learn in property but SPH will not lose money over it. nickyng      ( Date: 10-Dec-2009 12:40) Posted: was combing thru the old news of Clementi Mall....found this article to share:   CLEMENTI Mall’s potential as a busy shopping hub and its ability to generate recurring income were key reasons for the bullish bid from Singapore Press Holdings (SPH) and its joint venture partners. SPH chief executive Alan Chan told a briefing yesterday that the team behind the winning $541.9 million tender based its bid on rents the mall could achieve beyond the first rental cycle. Mr Chan said the bidding team was confident of achieving rents of top suburban malls and that the mall will enjoy capital appreciation similar to other retail properties in land-scarce Singapore. ‘Due to scarcity of land and growing population, prospect for capital appreciation is positive,’ he added. Times Properties owns 60 per cent of the joint venture CM Domain; NTUC Income and NTUC FairPrice hold 20 per cent stakes. The Housing Board awarded the shopping centre site to it yesterday. Some analysts were taken aback when bids for the tender of the 99-year leasehold mall at the junction of Commonwealth Avenue West and Clementi Avenue 3 were revealed last week. CM Domain’s bullish offer was nearly 42 per cent above the second-highest bid of $382 million from a joint venture between Keppel Land’s Alpha Investment Partners and Guthrie. SPH shares reacted by sliding 3.9 per cent the next day, but have since regained some ground. The company noted that the value of its Paragon investment in Orchard Road had increased at a compounded annual growth rate of 8 per cent since it was acquired in 1997. Some market watchers at the time had thought that the price paid for the shopping mall in Orchard Road was on the high side. Mr Chan said that Clementi Mall has ‘a unique opportunity to be the anchor attraction’ in the area, adding that already ‘300 interested tenants have registered their interest’. SPH was also on the lookout for recurrent revenue streams and felt this was a great opportunity. The company is confident of achieving similar yields as those achieved by the top suburban malls and aims to open the mall by the first half of 2011. Mr Chan clarified that the total cost of the mall would come under $3,000 psf of retail net floor area – less than analyst estimates – as the fit-out will be less than $40 million, subject to final negotiations with contractors. CM Domain needs to fit out the mall as the HDB is building only the shell structure. HDB will hand over the structure by next August. An SPH statement also released yesterday said the offer price was ‘arrived at after considering the economic potential of the property based on stabilised operations after rental renewal cycle and enhancing yield over time’. It said that factors such as the expected net lettable area, rental rates and property yields, market positioning and trade and tenant mix were taken into account. Chesterton Suntec International’s research and consultancy director Colin Tan said yesterday the bids by other players in the market show that they were perhaps not as optimistic. The joint venture’s cash-rich partners also likely had allowed it to bid so bullishly, he added. Ngee Ann Polytechnic real estate lecturer Nicholas Mak noted that it was usual for bidders to bid on a property’s potential. ‘If someone sees a gem stone in the rough, they could bid bullishly for it as they see the potential,’ he said. ‘If the mall can achieve 5 to 6 per cent net yield, it’s pretty decent.’ He pointed out that the mall does not have immediate competition and will have a large catchment of shoppers from the Holland, Bukit Timah and West Coast areas. The site, which has direct links to the Clementi MRT station, is part of a larger HDB project comprising two 40-storey blocks of flats, a carpark, roof garden and a bus interchange. The mall will occupy basement one, the third and fourth levels and part of the fifth floor. Total gross floor area is about 25,000 sq m while the net floor area is up to 18,000 sq m. Mr Chan said the mall will be driven by a strong retail team from SPH, NTUC FairPrice and Income – all with a proven track record in suburban malls. The purchase will be financed through internal funds with gearing for yield enhancement, and will not have an impact on dividends, he said.

 

Impossible for SPH to maintain the same dividend  rate, it has been reducing from 27/28 cents to 25 cents , next FY will be less. How to expect special dividend of 9 cents in the future becos of cease of development revenue , no more project after sky 11..

 

if property crash like dubai..can ask temasek for bailout? keke

 

who cares? as long as they can generate good profits and pay good DIVIDENDS !! the rest i couldn't care less ! :D

 

Yes they have done their homework but they are novices in this area.  That explains why the tender is so much higher than the others.  They could have saved so much!  I would say the management has a lot more to learn in property but SPH will not lose money over it.

nickyng      ( Date: 10-Dec-2009 12:40) Posted: was combing thru the old news of Clementi Mall....found this article to share:   CLEMENTI Mall’s potential as a busy shopping hub and its ability to generate recurring income were key reasons for the bullish bid from Singapore Press Holdings (SPH) and its joint venture partners. SPH chief executive Alan Chan told a briefing yesterday that the team behind the winning $541.9 million tender based its bid on rents the mall could achieve beyond the first rental cycle. Mr Chan said the bidding team was confident of achieving rents of top suburban malls and that the mall will enjoy capital appreciation similar to other retail properties in land-scarce Singapore. ‘Due to scarcity of land and growing population, prospect for capital appreciation is positive,’ he added. Times Properties owns 60 per cent of the joint venture CM Domain; NTUC Income and NTUC FairPrice hold 20 per cent stakes. The Housing Board awarded the shopping centre site to it yesterday. Some analysts were taken aback when bids for the tender of the 99-year leasehold mall at the junction of Commonwealth Avenue West and Clementi Avenue 3 were revealed last week. CM Domain’s bullish offer was nearly 42 per cent above the second-highest bid of $382 million from a joint venture between Keppel Land’s Alpha Investment Partners and Guthrie. SPH shares reacted by sliding 3.9 per cent the next day, but have since regained some ground. The company noted that the value of its Paragon investment in Orchard Road had increased at a compounded annual growth rate of 8 per cent since it was acquired in 1997. Some market watchers at the time had thought that the price paid for the shopping mall in Orchard Road was on the high side. Mr Chan said that Clementi Mall has ‘a unique opportunity to be the anchor attraction’ in the area, adding that already ‘300 interested tenants have registered their interest’. SPH was also on the lookout for recurrent revenue streams and felt this was a great opportunity. The company is confident of achieving similar yields as those achieved by the top suburban malls and aims to open the mall by the first half of 2011. Mr Chan clarified that the total cost of the mall would come under $3,000 psf of retail net floor area – less than analyst estimates – as the fit-out will be less than $40 million, subject to final negotiations with contractors. CM Domain needs to fit out the mall as the HDB is building only the shell structure. HDB will hand over the structure by next August. An SPH statement also released yesterday said the offer price was ‘arrived at after considering the economic potential of the property based on stabilised operations after rental renewal cycle and enhancing yield over time’. It said that factors such as the expected net lettable area, rental rates and property yields, market positioning and trade and tenant mix were taken into account. Chesterton Suntec International’s research and consultancy director Colin Tan said yesterday the bids by other players in the market show that they were perhaps not as optimistic. The joint venture’s cash-rich partners also likely had allowed it to bid so bullishly, he added. Ngee Ann Polytechnic real estate lecturer Nicholas Mak noted that it was usual for bidders to bid on a property’s potential. ‘If someone sees a gem stone in the rough, they could bid bullishly for it as they see the potential,’ he said. ‘If the mall can achieve 5 to 6 per cent net yield, it’s pretty decent.’ He pointed out that the mall does not have immediate competition and will have a large catchment of shoppers from the Holland, Bukit Timah and West Coast areas. The site, which has direct links to the Clementi MRT station, is part of a larger HDB project comprising two 40-storey blocks of flats, a carpark, roof garden and a bus interchange. The mall will occupy basement one, the third and fourth levels and part of the fifth floor. Total gross floor area is about 25,000 sq m while the net floor area is up to 18,000 sq m. Mr Chan said the mall will be driven by a strong retail team from SPH, NTUC FairPrice and Income – all with a proven track record in suburban malls. The purchase will be financed through internal funds with gearing for yield enhancement, and will not have an impact on dividends, he said.

 

was combing thru the old news of Clementi Mall....found this article to share:

 

CLEMENTI Mall’s potential as a busy shopping hub and its ability to generate recurring income were key reasons for the bullish bid from Singapore Press Holdings (SPH) and its joint venture partners.

SPH chief executive Alan Chan told a briefing yesterday that the team behind the winning $541.9 million tender based its bid on rents the mall could achieve beyond the first rental cycle.

Mr Chan said the bidding team was confident of achieving rents of top suburban malls and that the mall will enjoy capital appreciation similar to other retail properties in land-scarce Singapore.

‘Due to scarcity of land and growing population, prospect for capital appreciation is positive,’ he added.

Times Properties owns 60 per cent of the joint venture CM Domain; NTUC Income and NTUC FairPrice hold 20 per cent stakes. The Housing Board awarded the shopping centre site to it yesterday.

Some analysts were taken aback when bids for the tender of the 99-year leasehold mall at the junction of Commonwealth Avenue West and Clementi Avenue 3 were revealed last week.

CM Domain’s bullish offer was nearly 42 per cent above the second-highest bid of $382 million from a joint venture between Keppel Land’s Alpha Investment Partners and Guthrie.

SPH shares reacted by sliding 3.9 per cent the next day, but have since regained some ground. The company noted that the value of its Paragon investment in Orchard Road had increased at a compounded annual growth rate of 8 per cent since it was acquired in 1997. Some market watchers at the time had thought that the price paid for the shopping mall in Orchard Road was on the high side.

Mr Chan said that Clementi Mall has ‘a unique opportunity to be the anchor attraction’ in the area, adding that already ‘300 interested tenants have registered their interest’. SPH was also on the lookout for recurrent revenue streams and felt this was a great opportunity. The company is confident of achieving similar yields as those achieved by the top suburban malls and aims to open the mall by the first half of 2011.

Mr Chan clarified that the total cost of the mall would come under $3,000 psf of retail net floor area – less than analyst estimates – as the fit-out will be less than $40 million, subject to final negotiations with contractors. CM Domain needs to fit out the mall as the HDB is building only the shell structure. HDB will hand over the structure by next August.

An SPH statement also released yesterday said the offer price was ‘arrived at after considering the economic potential of the property based on stabilised operations after rental renewal cycle and enhancing yield over time’. It said that factors such as the expected net lettable area, rental rates and property yields, market positioning and trade and tenant mix were taken into account.

Chesterton Suntec International’s research and consultancy director Colin Tan said yesterday the bids by other players in the market show that they were perhaps not as optimistic.

The joint venture’s cash-rich partners also likely had allowed it to bid so bullishly, he added.

Ngee Ann Polytechnic real estate lecturer Nicholas Mak noted that it was usual for bidders to bid on a property’s potential. ‘If someone sees a gem stone in the rough, they could bid bullishly for it as they see the potential,’ he said. ‘If the mall can achieve 5 to 6 per cent net yield, it’s pretty decent.’

He pointed out that the mall does not have immediate competition and will have a large catchment of shoppers from the Holland, Bukit Timah and West Coast areas. The site, which has direct links to the Clementi MRT station, is part of a larger HDB project comprising two 40-storey blocks of flats, a carpark, roof garden and a bus interchange. The mall will occupy basement one, the third and fourth levels and part of the fifth floor. Total gross floor area is about 25,000 sq m while the net floor area is up to 18,000 sq m.

Mr Chan said the mall will be driven by a strong retail team from SPH, NTUC FairPrice and Income – all with a proven track record in suburban malls.

The purchase will be financed through internal funds with gearing for yield enhancement, and will not have an impact on dividends, he said.

 

 

wow...testing 3.63 again !??! looks like selling pressure still strong siah! :D

 

Sorry, wrong thread.

tonylim2      ( Date: 09-Dec-2009 17:42) Posted: one more lot at 0.21 on 7/12.

 

one more lot at 0.21 on 7/12.

 

ok..up abit to 3.65 again...haha...i think this burger may be supported at current price siah ! :P

stockseeker      ( Date: 09-Dec-2009 16:08) Posted: Short?? Look at the buy ups. I don't think so.

 

Short?? Look at the buy ups. I don't think so.

 

wow....3.63 now...those  who bought n push to 3.88 must be crying like mad now ! :P BBs win again! :D

SHORT ? hee..

 

This counter should only be taken on mid/long-term basis.
Ex-div causing the dump - I'm sure many have profitted from it's recent rise and its 18 cent dividend.
I see continued downtrend for a bit. The high prices paid for the real-estate investments recently doesn't set the right tone for it to go up anytime soon.
Good entry point would be $3.4. Vested.

 

wow...trading at 3.64/3.65 now..seems like dumping is limited siah ! :P