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05-02-2015, 12:22 PM
(This post was last modified: 05-02-2015, 12:30 PM by Curiousparty.)
Low Keng Huat rose from $0.68 to $0.74 or 8 % Gain, just because of an acquisition that will provide recurring income of only $4.2 million or 0.56 cts per share if no further value is added to the property.
Imagine the market reaction when Chip Eng Seng' s Alex Hotel TOPs in 3 month' s time. Recurring income of $14mil per annum or 2.2 cents per share will kick.
Plus there should be revaluation gain of ~30 cents in NAV because CES cost per hotel room is only around $0.4mil to $0.45mil while a typical 4-star hotel room valuation should be around $0.82mil to $0.9mil.
Imagine the market reaction when Chip Eng Seng' s Alex Hotel TOPs in 3 month' s time. Recurring income of $14mil per annum or 2.2 cents per share will kick.
Plus there should be revaluation gain of ~30 cents in NAV because CES cost per hotel room is only around $0.4mil to $0.45mil while a typical 4-star hotel room valuation should be around $0.82mil to $0.9mil.
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