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Chip Eng Seng

Chip Eng Seng

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westin1 Offline
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#661
12-03-2015, 09:14 AM
Thanks vesfreq

Looks like market correction is imminent... we may be able to catch this gem at 0.90 or below soon... if full blown recession were to happen.. probably around 0.45 or below... Wink
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a74henry Offline
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#662
12-03-2015, 09:26 AM
Wow...$0.45 - good price provided the NBV and the EPS is attractive.
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jjlim84 Offline
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#663
12-03-2015, 09:34 AM
(12-03-2015, 09:14 AM)westin1 Wrote: Thanks vesfreq

Looks like market correction is imminent... we may be able to catch this gem at 0.90 or below soon... if full blown recession were to happen.. probably around 0.45 or below... Wink

how do you come to the price of 0.45? Kindly explain in detail Wink
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vesfreq Offline
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#664
12-03-2015, 09:45 AM
(12-03-2015, 09:34 AM)jjlim84 Wrote:
(12-03-2015, 09:14 AM)westin1 Wrote: Thanks vesfreq

Looks like market correction is imminent... we may be able to catch this gem at 0.90 or below soon... if full blown recession were to happen.. probably around 0.45 or below... Wink

how do you come to the price of 0.45? Kindly explain in detail Wink

Our bro westin wanting to exit at 0.45! Someone quickly grab.... Before he change his mind
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.

When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.

The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
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westin1 Offline
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#665
12-03-2015, 09:50 AM
Refer to Ho bee,strong developer ..
2009...fell to $0.30...
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jjlim84 Offline
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#666
12-03-2015, 10:02 AM
you seem to think that every financial crisis/recession is similar in nature, and the stock price will react the same every time
that's quite naïve IMO Wink
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westin1 Offline
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#667
12-03-2015, 10:09 AM
Well, hopefullly ces is able to withstand the upcoming one.... hehe
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RT Knight Offline
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#668
12-03-2015, 11:51 AM
do you believe CEL will like Ho bee shoot up to $3 before crisis?
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westin1 Offline
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#669
12-03-2015, 02:05 PM
Cant imagine... because as compared to ho bee... cel is small....
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Curiousparty Offline
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#670
12-03-2015, 02:45 PM (This post was last modified: 12-03-2015, 03:04 PM by Curiousparty.)
jjlim84 Wrote:you seem to think that every financial crisis/recession is similar in nature, and the stock price will react the same every time that's quite naïve IMO Wink
One can go and check the NAV of CES and Ho Bee back then . Price to NAV or RNAV ratio was too ridiculously high. ( price to NAV was X times , where X >> 1)

Now, most property counters are trading at a fraction of their NAV or RNAV , with the exception of a few counters , eg Wee Hur

More privatization might be on the card ...
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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