Chuang's Consortium Intl 0367
Posted: Mon Oct 19, 2009 10:26 pmNot vested. From Dr. Check, The Standard HK:-
Small is beautiful when signs of bubble emerge
Hong Kong property prices have shown signs of a bubble. Li Ka-shing has kept buying back shares in his firm Cheung Kong (0001). You can follow his example, but you may also consider a smaller property stock with a deep discount.
Chuang's Consortium International (0367) owns Chuang's London Plaza in Tsim Sha Tsui, Chuang's Hung Hom Plaza, and a slice of Chuang's Enterprises Building in Wan Chai and Chuang's Tower in Central with a total gross floor area of 374,000 square feet of retail, office and car parks.
The group's most important project in Hong Kong now is No37 Island Road in Deep Water Bay.
The recent sharp rise in luxury property prices has sharply raised the capital value of this site, which was also the main reason behind the company's positive interim earnings forecast.
Other projects in Hong Kong include Wuhu Residence in Hung Hom, with a total building area of about 47,000 sq ft and a 30 percent in Midas Plaza in San Po Kong.
Through wholly-owned Chuang's Properties International, the group owns properties in Malaysia, Vietnam and Taiwan including Malaysia Central Plaza, Saigon Beverly Hills, Greenview Garden in Ho Chi Minh City and Taipei City in Xinyi.
The group's mainland business is conducted through 54.4 percent-owned Chuang's China Investments (0298).
It has properties in Guangzhou, Dongguan and Huizhou in Guangdong province, Changsha in Hunan, Chengdu in Sichuan and Xiamen in Fujian.
The total gross floor area is around two million square meters. Land costs are around 500 yuan (HK$567.55) to 800 yuan per square meter while the selling price can be as high as 6,000 to 8,000 yuan.
Chuang's International closed at 69 HK cents on Friday, a 72 percent discount to its net asset value per share. This pick looks reasonable.
http://www.thestandard.com.hk/news_deta ... 91019&fc=1
Small is beautiful when signs of bubble emerge
Hong Kong property prices have shown signs of a bubble. Li Ka-shing has kept buying back shares in his firm Cheung Kong (0001). You can follow his example, but you may also consider a smaller property stock with a deep discount.
Chuang's Consortium International (0367) owns Chuang's London Plaza in Tsim Sha Tsui, Chuang's Hung Hom Plaza, and a slice of Chuang's Enterprises Building in Wan Chai and Chuang's Tower in Central with a total gross floor area of 374,000 square feet of retail, office and car parks.
The group's most important project in Hong Kong now is No37 Island Road in Deep Water Bay.
The recent sharp rise in luxury property prices has sharply raised the capital value of this site, which was also the main reason behind the company's positive interim earnings forecast.
Other projects in Hong Kong include Wuhu Residence in Hung Hom, with a total building area of about 47,000 sq ft and a 30 percent in Midas Plaza in San Po Kong.
Through wholly-owned Chuang's Properties International, the group owns properties in Malaysia, Vietnam and Taiwan including Malaysia Central Plaza, Saigon Beverly Hills, Greenview Garden in Ho Chi Minh City and Taipei City in Xinyi.
The group's mainland business is conducted through 54.4 percent-owned Chuang's China Investments (0298).
It has properties in Guangzhou, Dongguan and Huizhou in Guangdong province, Changsha in Hunan, Chengdu in Sichuan and Xiamen in Fujian.
The total gross floor area is around two million square meters. Land costs are around 500 yuan (HK$567.55) to 800 yuan per square meter while the selling price can be as high as 6,000 to 8,000 yuan.
Chuang's International closed at 69 HK cents on Friday, a 72 percent discount to its net asset value per share. This pick looks reasonable.
http://www.thestandard.com.hk/news_deta ... 91019&fc=1