Low Keng Huat (Singapore)

(30-10-2013, 02:26 PM)NTL Wrote: "squeeze" is definitely not value. It's to see who having more bullets.

But... If something is really got value, and if an investor have the money, he can definitely push up the price while buying within the "margin of safety", and "squeeze" out any shortist. I believe this is what BlueKelah mean by "squeeze shorts for grossly undervalued companies".

Yes! if we can get rid of some jokers when we buy-in and support the good companies then why not?

The 1 lot trades are usually done by brokerage houses. I reckon sometimes they need to keep the counter active and trade amongst themselves.

actually i like shortist to short the price down... so i can buy somemore!

Personally I hold this counter and I know that the property it held is a catalyst when announcements for the causeway linking Johor to around Singapore Changi area turns into a reality.

(01-11-2013, 11:25 AM)a74henry Wrote: Personally I hold this counter and I know that the property it held is a catalyst when announcements for the causeway linking Johor to around Singapore Changi area turns into a reality.

that may be a long time coming. As things are, Johor is pushing the iskandar region with the Senai airport in support, already built some new terminals there. That is on the TUAS side of SG.

There is not much benefit for a third link to changi as desaru is a holiday destination and is pretty much empty during the monsoon season...

http://infopub.sgx.com/FileOpen/UOL_Sale...eID=264749

LKH has a 20% stake alongside with former delisted M'sia parent G Corp holding a balance 20% in the above site.

Based on the 2010 G-Corp GO documents for LKH, the following were the info:

- 2 parcels of freehold development land at Lot No. 111, Section 63 and Lot No. 112, Jalan Conlay, Kuala Lumpur
- 20% stake 172,143sf Vacant Land open mkt valued RM278.00 million - Share Revaluation Surpplus S$20.1m @ exch rate S$1:RM2.33

Assuming LKH also disposed its stake together with UOL, the surplus could be as follows:

RM568m @ 20% @ exchange rate S$1:RM2.57 = S$44.2m
Estimated historical book costs: S$3.77m
Current share of surplus: S$40.43 pretax or 5.47 cents per share

Vested

(18-11-2013, 09:42 AM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/UOL_Sale...eID=264749

LKH has a 20% stake alongside with former delisted M'sia parent G Corp holding a balance 20% in the above site.

Based on the 2010 G-Corp GO documents for LKH, the following were the info:

- 2 parcels of freehold development land at Lot No. 111, Section 63 and Lot No. 112, Jalan Conlay, Kuala Lumpur
- 20% stake 172,143sf Vacant Land open mkt valued RM278.00 million - Share Revaluation Surpplus S$20.1m @ exch rate S$1:RM2.33

Assuming LKH also disposed its stake together with UOL, the surplus could be as follows:

RM568m @ 20% @ exchange rate S$1:RM2.57 = S$44.2m
Estimated historical book costs: S$3.77m
Current share of surplus: S$40.43 pretax or 5.47 cents per share

Vested

Hi gg, thanks for doing the research, it looks like LKH has a very strong balance sheet. It hotels are also carried on its balance sheet at a low cost compared to the current market value.

Are there any updates on the purchase of land at Kismis Lodge? No news at all since announcement in March.

Some details:
Kismis Lodge is freehold.
Has a land area of abount 70,283 sqf.
Is zoned for three-storey mixed landed development.
Could possibly build as many as 43 terrace houses or 32 semi-detached houses at the site.
Purchase price of S$84.18 million

The following is a short update on the purchase of Kismis Lodge during their 3QFY2013 result.

"During Q2 current year, the Group completed the collective purchase of Kismis Lodge for $84.2M via a 70% owned subsidiary, Newfort Alliance (Kismis) Pte Ltd (“Kismis”). Our joint venture partner, Newfort Land Pte Ltd, owns 30% of Kismis. Kismis Lodge will be redeveloped into 3 storey mixed landed residential units"

http://infopub.sgx.com/FileOpen/20131206...eID=266994

LKH enters a JV to purchase the Westgate offices (not the mall), fully funded internally+debt.
**************

CapitaLand Limited; CapitaMalls Asia Limited (SGX:
JS8 and HKEx: 6813); and CapitaMall Trust Management Limited, the manager of CapitaMall Trust;
announced today that they have granted options to a consortium1
comprising Sun Venture Homes Pte.
Ltd. and Low Keng Huat (Singapore) Limited to purchase Westgate Tower for S$579.4 million. The
consortium has up to 24 January 2014 to exercise the options.

Special div from paya lebar square 泡汤了。