profittaker wrote:LenaHuat wrote:only 43% of its NAV is operational
ML reduced RNAV from $1.95 to $1.53. So far is the most bearish reports I read.
profittaker wrote:LenaHuat wrote:only 43% of its NAV is operational
ML reduced RNAV from $1.95 to $1.53. So far is the most bearish reports I read.
LenaHuat wrote:If it drops to $1.30, I will buy more of this ticker in due course then. I have noted that it has around $1b cash.With earnings now only expected to show significant improvement in 2013, we do not believe current valuations support share price.
LenaHuat on 24th November 2009 wrote:I don't understand investors' appetite for this IPO. Maybe I have missed some sentiments.
Isn't this pre-investment? Why would I want to pre-invest in this ticker? Its CEO said on TV that it cost some $200m to $250m to build a mall in China. They have so many in the pipeline and these will not yield ROE until some 2 to 3 years down the road. Wouldn't I have plenty of time to pick it up?
BTW, it's 4.9 times oversubscribed. Nevertheless, good wishes to those who hope to stag successfully.
LenaHuat wrote:LenaHuat on 24th November 2009 wrote:I don't understand investors' appetite for this IPO. Maybe I have missed some sentiments.
Isn't this pre-investment? Why would I want to pre-invest in this ticker? Its CEO said on TV that it cost some $200m to $250m to build a mall in China. They have so many in the pipeline and these will not yield ROE until some 2 to 3 years down the road. Wouldn't I have plenty of time to pick it up?
BTW, it's 4.9 times oversubscribed. Nevertheless, good wishes to those who hope to stag successfully.
Hi Profitaker and Aspellian
Thank QQ for the posts. It is delightful to read your discussion. If you read what I wrote way back in 2009, you will understand why I only plan to scoop them in 2011. It takes a long time for malls to stabilize and to gain brand name recognition. With this correction, I suppose I can lower my target to even S$1. Let's play by the market signals.
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