Hiap Hoe

Re: Hiap Hoe

Postby starbugs » Fri Aug 20, 2010 7:09 pm

Insider buying:

1. Date of change of Shareholding 19-08-2010

2. Name of Registered Holder Teo Ho Beng

3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
# Please specify details Purchased 37,000 ordinary shares at $0.41 per share.

4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change 1,993,750
As a percentage of issued share capital 0.422 %

No. of Shares which are subject of this notice 37,000
As a percentage of issued share capital 0.0078 %

Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.41

No. of Shares held after the change 2,030,750
As a percentage of issued share capital 0.430 %
starbugs
Loafer
 
Posts: 36
Joined: Sun Jan 17, 2010 9:10 pm

Re: Hiap Hoe

Postby starbugs » Thu Jan 06, 2011 7:29 pm

â–² Hiap Hoe 5JK 0.470 +0.025 +5.6%
starbugs
Loafer
 
Posts: 36
Joined: Sun Jan 17, 2010 9:10 pm

Re: Hiap Hoe

Postby starbugs » Thu Jan 06, 2011 7:30 pm

To recap plus points for Hiap Hoe:

1) Two of its flagship projects (Waterscape and Skyline360) have unrecognised gross profits of $150mil to $200mil (versus current market cap of $210mil)
2) The 50% JV for the Balestier hotel/commercial development bought the land at less than half the current market value, due to the banking crisis in mid-2009
3) Hiap Hoe's subsidiary is also the main contractor for the Balestier development
4) Hiap Hoe's 2010 Q4 profit is almost certain to be better than previous quarter, with dividends expected.
starbugs
Loafer
 
Posts: 36
Joined: Sun Jan 17, 2010 9:10 pm

Re: Hiap Hoe

Postby starbugs » Tue Feb 22, 2011 10:05 pm

Trailing P/E = 5.75
P/NAV = 0.96
RNAV is about twice the share price
91% of revenue from Waterscape yet to be recognized


NEWS RELEASE


21 Feb 2011

HIAP HOE POSTS ANOTHER YEAR OF RECORD PROFIT

SINGAPORE, 21 February 2011 – Niche property developer Hiap Hoe Limited (SGX: Hiap Hoe) has reported a 82.3% jump in net profit to $16.5 million for the three months ended 31 December 2010 (4Q10), compared to $9.0 million in 2009 (4Q09). Revenue inched up 3.1% to $27.3 million in 4Q10, from $26.4 million a year ago.

For the full year ended 31 December 2010 (FY10), net profit improved marginally to $34.6 million on revenue of $106.6 million, versus a net profit of $34.3 million and revenue of $110.5 million in the previous corresponding period (FY09).

Earnings per share for the quarter and full year stood at 3.49 cents and 7.31 cents, respectively, up from 1.91 cents and 7.26 cents for the corresponding periods a year ago.

Performance Review & Update

The Group launched residential projects, Skyline 360° and Waterscape at Cavenagh to much success during the year, with more than 50% of Skyline 360° and more than 70% of Waterscape at Cavenagh sold to date. With regard to joint-venture residential project, The Beverly, Hiap Hoe has since sold more than 75%. At the close of 4Q10, about 30% of revenue from Skyline 360°, and 9% of revenue from Waterscape at Cavenagh were recognized, along with about 54% of revenue from Signature at Lewis.

Group revenue also received a slight boost from construction services carried out for two joint-venture projects, The Beverly, a residential development, and the integrated hotel/commercial development on Balestier Road/Ah Hood Road. The Group ended the year with total shareholder’s equity standing at $207.0 million, an increase of 18.3% over the previous financial year. Following the bonus issue of one bonus share for every four existing ordinary shares, net asset value per share declined 5.2% to 43.81 cents in FY10, from 46.21 cents the year before. At the close of FY10, cash and cash equivalents stood at $36.4 million.

Dividend

In view of the Group’s profitable results for FY10, the Board of Directors has proposed a final cash dividend of 0.25 cents per ordinary share. Together with the interim cash dividend of 0.25 cents per ordinary share paid out in December 2010, the total dividend for the year will amount to 0.50 cents per ordinary share, or approximately $2.4 million, translating to a dividend payout ratio of about 6.8%.

Outlook

Against a backdrop of macroeconomic uncertainties, as well as government policy overhang, the Group remains cautious about its outlook for 2011. Nonetheless, prices of well-designed residential developments in good locations appear to be holding up, which bodes well for the Group’s residential projects.

Piling work for the Group’s joint-venture project at Balestier Road/Ah Hood Road was completed in the third quarter of 2010. Construction of the park within this joint venture project is expected to be completed in the second half of 2011. The Group hopes to fully develop the hotel-cum-commercial blocks by 2014.

The Group remains prudent in the review of its sales programs for its various residential developments, and is also seeking an opportune time to launch residential development, Treasure on Balmoral.
starbugs
Loafer
 
Posts: 36
Joined: Sun Jan 17, 2010 9:10 pm

Re: Hiap Hoe

Postby behappyalways » Thu Jul 17, 2014 1:46 pm

Hiap Hoe's project received its temporary occupation permit (TOP) in November 2012, meaning that the developer will have to pay extension fees for unsold units from this November

Hiap Hoe seeks sole buyer for Balmoral condo units
http://www.stproperty.sg/articles-prope ... s/a/171844
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hiap Hoe

Postby behappyalways » Wed Sep 23, 2015 1:07 pm

Not vested

Hiap Hoe says 97% of residential units in Marina Tower sold with $256 mil sales done
http://sgx.i3investor.com/servlets/fdnews/54122.jsp
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hiap Hoe

Postby behappyalways » Sat Jun 17, 2017 4:44 pm

Hiap Hoe acquires UK Holiday Inn Express for $46.4 mil
http://www.theedgemarkets.com.sg/hiap-h ... ss-464-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hiap Hoe

Postby behappyalways » Sun Aug 13, 2017 5:11 pm

hiap-hoe-swings-back-profitability-2q-earnings-14-mil
https://www.theedgesingapore.com/hiap-h ... ngs-14-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hiap Hoe

Postby behappyalways » Sun Nov 05, 2017 8:52 pm

hiap-hoe-acquires-orchard-towers-shops-and-offices-162-mil
https://www.theedgesingapore.com/hiap-h ... es-162-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hiap Hoe

Postby behappyalways » Wed Mar 14, 2018 10:28 am

Hiap Hoe 4Q earnings surged 141.4% to $68.0 mil on higher revenue
https://www.theedgesingapore.com/hiap-h ... er-revenue
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to H to K

Who is online

Users browsing this forum: No registered users and 6 guests

cron