Ho Bee Land (formerly: Ho Bee Investment)
04-04-2011, 04:26 PM
I think it is normal operation to rationalise the investment portfolio; especially, the one-north project will yield a much higher investment income. unless the company just wants to have more investment properties for recurring income in their portfolio.
In the '10 AR, other receivables due from jointly-contolled entities and assocaites were extended to 2012.
why does the company call it other receivables since they will not collect them in any sooner? should they just classified them as investments in jointly-contolled entities and assocaites? what's the difference... the 300 million investment into Yanlord Ho Bee Shanghai Co is considered interests in associates, but the 45 million investment into Yanlord Ho Bee Tangshan Co is included in other receivables due from jointly-controlled entities and associates. does other receivables mean that the company will have a claim senior than interests in jointly-controlled enities or associates when the associates or jointly-controlled entities were to bankrupt?
01-06-2011, 11:00 AM
hi people,
just a curious question, recently there have been takeovers of our developers i.e Allgreen reason begin that they might been undervalued. i have notice a buying back for this company Ho Bee ( price <1 P.B) Share Buy-Back Company D.O.T. Buy/Sell No.of shares S$/shr Ho Bee 31-May-11 Share Buy-Back 706,000 1.4242 Ho Bee 27-May-11 Share Buy-Back 927,000 1.4300 Ho Bee 25-May-11 Share Buy-Back 500,000 1.4300 just wondering what would be some of your takes on this counter?
to privatize Ho Bee, at least need 600 million SGD....that's a lot of money...
Robert Kuok is rich enough to privatize Allgreen. Can Ho Bee find someone that rich?
16-08-2011, 01:40 PM
given low public float of Ho Bee, how far can Ho Bee share buyback push the share price? Maybe Ho Bee is too undervalued in the eyes of the company.
16-08-2011, 05:42 PM
today, total 1,128,000 shares traded, company bought back 1,034,000 shares.... from 1.33 - 1.36
17-08-2011, 11:08 AM
(04-04-2011, 10:26 PM)freedom Wrote: In the '10 AR, other receivables due from jointly-contolled entities and assocaites were extended to 2012. Here's my guess on why companies put a small amount into newly created JVs as equity and the remaining investments as loans: In case of a dispute between the partners, loans would be easier to recover than injected equity. If the JV were to go bankrupt, then it is likely that both the "amount receivables from JVs" and "investments in JVs" would need to be written off. I'm not sure what these loans will be listed as on the JV's balance sheet, but my guess is just some form of "debt", which should have a lower claim than trade receivables. Perhaps lawyers/accountants/more enlightened folks in the forum can clarify. --------------------------------------------------------------------- Curiously, for all the share buy backs that Ho Bee has been doing, Chairman Chua Thian Poh himself seems to think that there are better bargains in the market now, choosing to scoop up shares in TeckWah Industrial instead. http://info.sgx.com/webcorannc.nsf/Annou...endocument http://info.sgx.com/webcorannc.nsf/Annou...endocument http://info.sgx.com/webcorannc.nsf/Annou...endocument (17-08-2011, 11:08 AM)D123 Wrote:(04-04-2011, 10:26 PM)freedom Wrote: In the '10 AR, other receivables due from jointly-contolled entities and assocaites were extended to 2012. Thanks for you explanation on the earlier questions. I believe they are related how those joint ventures are structured and how to protect the interest of joint venture partners. (03-04-2011, 07:50 PM)freedom Wrote: what's up with Sentosa Cove? It seems developers are not rushing to sell at current price. If I remember correctly, the results start to show (i.e. declining demand) after our local government cooling measures implemented at the start of the year. One of which is home buyers have to come up with upfront figure of 40% - a reduced LTV (loans-to value) ratio of 60% for home buyers with an existing housing loan. Previously, the ratio was 70%. This could affect the broader market sentiment, including the high end residential properties. Foreign buyers remained caution. Not to forget government pessimistic forecast of our GDP growth. That said, I hope Seascape and Turquoise sales will reach at least 90% sold otherwise we see backlogs. Still, I think the novelty of owning a Sentosa Cove home remains. Am vested in this counter. |
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