Allgreen Properties

Re: Allgreen Properties

Postby millionairemind » Tue May 18, 2010 7:38 pm

Singapore
May 18, 2010, 6.47 pm (Singapore time)

Allgreen buys China site for S$3.89 mln
By ANGELA TAN


Allgreen Properties Limited said on Tuesday that it has acquired a 6,339 sqm site in Tangshan City, Hebei Province, PRC for about RMB19.02 million (S$3.89 million).

The site was acquired by its associated company in China, Ruihe Real Estate (Tangshan) Co, Ltd, which it formed with Kerry Properties Limited and Shangri-La Asia Limited in their respective equity ratio of 25 per cent : 40 per cent: 35 per cent to develop the hotel site.
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Re: Allgreen Properties

Postby winston » Mon May 24, 2010 8:08 am

Not vested.

ALLGREEN PROPERTIES -- Citigroup downgraded property firm Allgreen Properties to to "sell" from "buy" and reduced its target price to S$0.93 from S$1.38 following disappointing sales at a newly launched apartment complex and on the assumption that new launches will be delayed.


Source: Reuters
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Re: Allgreen Properties

Postby winston » Fri Sep 17, 2010 7:38 am

Allgreen Properties ST: the upside prevails as long as 1.07 is support <AGRN.SI>


Click here to see our chart:
http://www.tradingcentral.com/chart/AGS ... 012524.gif

Our pivot point is at 1.07.

Our preference: the upside prevails as long as 1.07 is support.

Alternative scenario: below 1.07, expect 1.01 and 0.97.

Comment: the RSI is above 50. The MACD is above its signal line and positive.

The configuration is positive. Moreover, the stock is trading above both its20 and 50 day MA (standing respectively at 1.11 and 1.12).

Supports and resistances: 1.29 *1.25 **1.22 1.13 last 1.1 1.07 **1.01 *


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Allgreen Properties

Postby winston » Mon Oct 04, 2010 9:47 am

Not vested

Allgreen Properties ST: the upside prevails as long as 1.12 is support <AGRN.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/AGS ... 021951.gif

Our pivot point stands at 1.12.

Our preference: the upside prevails as long as 1.12 is support.

Alternative scenario: below 1.12, expect 1.05 and 1.01.

Comment: the RSI is above 50. The MACD is above its signal line and positive.

The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 1.14 and 1.14).

Supports and resistances: 1.35 *1.31 **1.27 1.19 last 1.14 1.12 **1.05 *


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Allgreen Properties

Postby winston » Mon May 23, 2011 7:25 pm

Not vested :(

UPDATE 1-Kuok-linked group to take Allgreen private in $2.1 bln deal

* Brookvale to pay S$1.60 per Allgreen share
* Firms linked to Kuoks own 55.58 pct of Allgreen (Adds details)

SINGAPORE May 23 (Reuters) - Brookvale, a firm linked to Malaysian tycoon Robert Kuok, on Monday offered to take Singapore property firm Allgreen private in a transaction that values the property firm at S$2.54 billion ($2.1 billion).

Brookvale will pay S$1.60 per Allgreen share, or 39 percent more than Allgreen's last traded price of S$1.15 on Friday. The offer price is also about 20 percent above Allgreen's highest traded price in the past three years.

Firms linked to the Kuok family that together hold 55.58 percent of Allgreen have already agreed to sell their shares to Brookvale. It is not clear how much would it cost for the Kuok Group to take Allgreen private because of the complex shareholding.

Allgreen halted trading in its shares on Monday.

"The offerer believes that the privatisation of Allgreen will provide Allgreen with the necessary management flexibility to explore alternative opportunties... without the attendant costs, regulations and regulatory restrictions and compliance issues associated with its listed status," Brookvale said in a filing to the Singapore Exchange.

The Kuok family owns several large businesses across Asia including Singapore-listed Wilmar International , the world's largest palm oil firm, and Hong Kong-listed Kerry Properties and Shangri-la Asia .

DBS is the financial advisor to Brookvale.

http://www.reuters.com/article/2011/05/ ... C720110523
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