*Official* Chip Eng Seng (SGX: C29)

[winorlose]

HUAT AH!

Higher highs and lower lows > uptrend liao

 

[winorlose]

Still very undervalued..

 

[winorlose]

Closed 70c huat ah!!!!!!

 

[winorlose]

715 and climbing fast liao!

 

[Shion]

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/article/chip-eng-seng-posts-942-slide-4q-earnings-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 group’s 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 Seng’s profit declined 77.6% to $63 million. Revenue for the period decreased 54.6% to $347.5 million.

As at end December, the group’s construction order book stood at $570.1 million.

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

 

[Android user]

Anyone vested in this stock? P/E Ratio 7.27, dividend base on coming May is 5.44%, share price has been climbing since Jan 2016 till now 0.735.

 

[Perisher]

Anyone vested in this stock? P/E Ratio 7.27, dividend base on coming May is 5.44%, share price has been climbing since Jan 2016 till now 0.735.

Not vested but on watchlist.

 

[strangerjun]

vested but little bit only, waiting for price go down to 68 cent. But I think 70 cent will be a strong support.

 

[thegodfather]

wow CES i didn t expect o be so high now... i thought recently CEO resigned? i hope better times ahead for them> used to be one of my fav counters

 

[Shion]

Ex-transport minister Lui Tuck Yew appointed Chip Eng Seng independent director

Ex-transport minister Lui Tuck Yew appointed Chip Eng Seng independent director

http://news.asiaone.com/news/busine...-appointed-chip-eng-seng-independent-director

Former Transport Minister Lui Tuck Yew has been appointed an independent director at Chip Eng Seng Corporation.

The construction and property firm told the Singapore Exchange that it would arrange for Mr Lui to receive relevant training to familiarise himself with the role and responsibilities of a director.

Mr Lui, 54, shocked observers when he resigned last August before the general election was called. He told Chinese daily Lianhe Zaobao then that his decision was a personal choice and had nothing to do with family or health reasons.

Mr Lui, who was formerly the chief executive of the Housing Board, entered politics in 2006, and rose quickly to become a Cabinet minister in 2010.

He was the Minister for Information, Communications and the Arts before taking on the role of Transport Minister in 2011. He later held a second portfolio as Second Defence Minister.

Prior to his political career, he had been chief executive officer of the Maritime and Port Authority of Singapore. He was a Singapore Armed Forces scholarship holder and the former Chief of Navy.

 

[Optionstrader]

Ex-transport minister Lui Tuck Yew appointed Chip Eng Seng independent director

http://news.asiaone.com/news/busine...-appointed-chip-eng-seng-independent-director

Former Transport Minister Lui Tuck Yew has been appointed an independent director at Chip Eng Seng Corporation.

The construction and property firm told the Singapore Exchange that it would arrange for Mr Lui to receive relevant training to familiarise himself with the role and responsibilities of a director.

Mr Lui, 54, shocked observers when he resigned last August before the general election was called. He told Chinese daily Lianhe Zaobao then that his decision was a personal choice and had nothing to do with family or health reasons.

Mr Lui, who was formerly the chief executive of the Housing Board, entered politics in 2006, and rose quickly to become a Cabinet minister in 2010.

He was the Minister for Information, Communications and the Arts before taking on the role of Transport Minister in 2011. He later held a second portfolio as Second Defence Minister.

Prior to his political career, he had been chief executive officer of the Maritime and Port Authority of Singapore. He was a Singapore Armed Forces scholarship holder and the former Chief of Navy.

So stock to rise?

Sent from Asus ASUS_Z00AD using GAGT

 

[Android user]

So stock to rise?

Sent from Asus ASUS_Z00AD using GAGT

When ces try to bid for gov projects, lui can help more on protocols, his experience on bid amount and etc. Indirect share price up.

Sent from LGE LG-E988 using GAGT

 

[Android user]

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=VH8K49HUY95WGOUS&H=ebd4e87ed5f533e15df11f17030db258eb1763d4290a5954d9ea0ed4163515e7&fileId=Award%20of%20Building%20Works%20at%20Toa%20Payoh%20Bidadari.pdf

AWARD OF S$191.9 MILLION CONTRACT BY HOUSING & DEVELOPMENT BOARD
FOR BUILDING WORKS AT TOA PAYOH BIDADARI CONTRACT 6 AND CONTRACT 7
The Board of Directors of Chip Eng Seng Corporation Ltd (the “Company”) is pleased to
announce that the Company’s wholly owned subsidiary, CES Engineering & Construction
Pte. Ltd. has been awarded a S$191.9 million contract (the “Contract”) by the Housing &
Development Board for the construction works at Toa Payoh Bidadari Contract 6 and
Contract 7.
The Contract comprises the construction of 16 blocks of residential buildings and other
community facilities. The construction period is 47 months.
The Contract is not expected to have any material impact on the Group’s earnings and the
net tangible assets of the Group for the current financial year ending 31 December 2016.
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.

Ah lui got use, gd job

 

[Android user]

http://www.theedgemarkets.com.sg/sg/article/chip-eng-seng-unit-wins-76-mil-contract

Ah Lui continue to work hard

 

[Android user]

CHIP ENG SENG AND PARK HOTEL GROUP
FORM A JOINT VENTURE TO ENTER MALDIVES

http://infopub.sgx.com/FileOpen/Media%20Release%206Oct2016.ashx?App=Announcement&FileID=423909

 

[Android user]

Engine started toward 0.72

Sent from Xiaomi REDMI NOTE 3 using GAGT

 

[henrylbh]

I chose LKH over CES for either one to rise by similar 8c or so.

 

[TVaddict]

CHIP ENG SENG AND PARK HOTEL GROUP
FORM A JOINT VENTURE TO ENTER MALDIVES

http://infopub.sgx.com/FileOpen/Media%20Release%206Oct2016.ashx?App=Announcement&FileID=423909

Noticed a number of local builders started to invest into Maldives.

It's a beautiful place no doubt. Spent 5 days with wifey on one of the islands last time and nearly don't want to come back..

 

[doody_]

Sigh this one is 15% in the red now... hoping for a recovery

 

[Android user]

Sigh this one is 15% in the red now... hoping for a recovery

Wow, you bought it during when? Hope you had recieved dividend during tough times.

Sent from Xiaomi REDMI NOTE 3 using GAGT