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*Official* Chip Eng Seng (SGX: C29)

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Old 27-08-2015, 01:47 PM   #31
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Time to kio abit?

Ces ex-ceo.. Raymond chia (chairman son in law) left to open his own construction/developer firm.. So whats happening in ces nw?
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Old 27-08-2015, 04:31 PM   #32
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Bought 20k @ 0.65 try try
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Old 22-09-2015, 11:13 AM   #33
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took 1mth to rebound back to 65... reversal time?

property cooling measures to relax?
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Old 24-09-2015, 03:40 PM   #34
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huh....u guys srsly wanna consider property counters now?
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Old 24-09-2015, 04:43 PM   #35
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huh....u guys srsly wanna consider property counters now?
What industry can consider leh? I feel property stocks are cheap now
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Old 24-09-2015, 05:46 PM   #36
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imo, can be cheaperr.
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Old 24-09-2015, 05:56 PM   #37
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huh....u guys srsly wanna consider property counters now?
y not ah????
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Old 05-10-2015, 06:11 PM   #38
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PURCHASE OF RESIDENTIAL & INDUSTRIAL SITE AT 217 AND 221-223 SEPARATION
STREET, NORTHCOTE, VICTORIA, AUSTRALIA
The Board of Directors of Chip Eng Seng Corporation Ltd (the “Company”) is pleased to
announce that the Group’s wholly owned subsidiary, CES-Northcote (VIC) Pty Ltd (“CES-
Northcote”) has today entered into a Contract of Sale (the “Agreement”) to purchase the site
at 217 and 221-223 Separation Street, Northcote, Victoria, Australia. The purchase price of
the two properties collectively is A$27 million (the “Purchase Price”). The settlement date for
this transaction is 120 days from the date of the Agreement.
217 Separation Street contains a single storey detached dwelling that is currently leased and
used for home occupation. 221-223 Separation Street contains industrial buildings and
associated car parks and will be leased to the current occupant to continue operating its
packaging business for 1 year from the settlement date.
The properties have a total site area of 17,857 square metres and provide opportunity for
significant residential redevelopment. CES-Northcote will apply for a rezoning of the land to
allow for a change of use from industrial to residential. The development potential includes
approximately 15 townhouses and 300 apartments, subject to town planning approval
(“Proposed Development”).
The Purchase Price and the Proposed Development will be financed by internal sources and
bank borrowings and the Proposed Development is not expected to have any material
impact on the net tangible assets and earnings per share of the Group for the current
financial year ending 31 December 2015.
None of the Directors and, to the best knowledge of the Directors, none of the substantial
shareholders or controlling shareholders of the Company, has any direct or indirect interest
in the transaction.
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Old 07-10-2015, 02:29 PM   #39
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660 liao

HUAT AH!!
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Old 08-10-2015, 09:04 AM   #40
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lai liao lai liao...
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Old 09-10-2015, 10:51 AM   #41
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HUAT AH!

Higher highs and lower lows > uptrend liao
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Old 12-10-2015, 12:08 PM   #42
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Still very undervalued..
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Old 19-10-2015, 05:08 PM   #43
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Closed 70c huat ah!!!!!!
Average and Perisher like this.
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Old 20-10-2015, 09:08 AM   #44
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715 and climbing fast liao!
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Old 04-02-2016, 08:26 PM   #45
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Chip Eng Seng posts 94.2% slide in 4Q earnings to $9.76 million

Chip Eng Seng posts 94.2% slide in 4Q earnings to $9.76 million

http://www.theedgemarkets.com/sg/art...gs-976-million

SINGAPORE (Feb 4): Chip Eng Seng reported a 94.2% decline in 4Q earnings to $9.76 million on the back of a 58.3% decrease in revenue to $153.9 million.

Revenue was dragged down mainly by lower contributions from the groupís property development division. Chip Eng Seng is involved in building construction activities and also owns, develops and invests in properties.

Despite the weak market sentiment in 4Q, the group says it managed to sell some more units of High Park Residences, raising the overall sale results to-date to more than 94%.

Elsewhere, Fulcrum obtained temporary occupation permit (TOP) in January 2016 and the group plans to relaunch this project in 2Q16 if market conditions permit.

In Australia, the group sold 98% of the townhouses of Williamson Estate, a suburban project located in Doncaster, Melbourne. The apartments of this project, known as Willow Apartments, will be launched in 1Q16.

Meanwhile, the group is still in dispute with the adjoining owner on the protection method for Tower Melbourne.

For the full FY15, Chip Eng Sengís profit declined 77.6% to $63 million. Revenue for the period decreased 54.6% to $347.5 million.

As at end December, the groupís construction order book stood at $570.1 million.

Shares in Chip Eng Seng ended 0.78% higher at 65 cents on Thursday.
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