Chuan Hup Holdings

[smallcaps]

Around S$28 mil dividend from PCI and CH Offshore coming soon, if buy the S$32 mil properties at 60% borrowings, still got S$15 mil left for further investments.
At the holding level, only got existing $$19 mil. Still lots of cash being kept at subsidiaries...

[BlueKelah]

exited as share price went up with yield down, no longer worth to hold and wait another year. Still holding PCI which is churning out both the cash flows and dividends.

Hopefully CHH is still interested in taking PCI private.

[cyclone]

http://infopub.sgx.com/FileOpen/Acquisit...eID=314095

CHH taking a punt on commercial office - former GB Building?

17 November 2014

The Board of Directors (the "Board") of Chuan Hup Holdings Limited (the "Company") refers to the Company's announcement dated 8 September 2014 (the "Previous Announcement") in relation to the proposed acquisition of several office units at 143 Cecil Street, #20-01/#20-02/#20-03/#20-04, #21-01/#21-02/#21-03/#21-04 and #22-01/#22-02/#22-03/#22-04 comprised in lots U356C, U357M and U359P all of Town Subdivision 2 in the Republic of Singapore by ProVest Realty Pte. Ltd., a wholly-owned subsidiary of the Company (the "Transaction").

Further to the Previous Announcement, the Board is pleased to announce the completion of The Transaction today, pursuant to which the Company's assets now include 3 whole floors at GB Building.

[smallcaps]

http://infopub.sgx.com/FileOpen/Acquisit...eID=314095

CHH taking a punt on commercial office - former GB Building?

17 November 2014

The Board of Directors (the "Board") of Chuan Hup Holdings Limited (the "Company") refers to the Company's announcement dated 8 September 2014 (the "Previous Announcement") in relation to the proposed acquisition of several office units at 143 Cecil Street, #20-01/#20-02/#20-03/#20-04, #21-01/#21-02/#21-03/#21-04 and #22-01/#22-02/#22-03/#22-04 comprised in lots U356C, U357M and U359P all of Town Subdivision 2 in the Republic of Singapore by ProVest Realty Pte. Ltd., a wholly-owned subsidiary of the Company (the "Transaction").

Further to the Previous Announcement, the Board is pleased to announce the completion of The Transaction today, pursuant to which the Company's assets now include 3 whole floors at GB Building.

Looks like just needed the dividend $$ from PCI, and the $$ (coming soon) from CHO for other use...

[sgpunter]

Looking only at the recent corporate activities and net worth of Chuan Hup's listed entities:

Based on last traded price of $0.505, stake in CH Offshore is now worth 167,533,026 x 0.505 = $84,604,178

Based on last traded price of $0.435, stake in PCI is now worth 152,701,506 x 0.435 = $66,425,155

Recent dividends obtained from stake in CH Offshore: 167,533,026 x 0.04 = $6,701,321

Recent dividends obtained from stake in PCI: 152,701,506 x 0.10 = $15,270,151

Based on last traded price of A$1.25, stake in Finbar is now worth 39,824,117 x 1.25 = A$49,780,146 = $53,988,592 (Based on XE rate today)

The above alone are already worth a total of $0.243 per Chuan Hup share. Now, take note I have not even factored in Chuan Hup's existing cash hoard and unlisted assets. I could do a rough calculation of everything but it would take time but end of the day, the moral of the story if you ask me is this is a no brainer.

Of course, time may be taken to realize the true value but in the meantime, dividends from Chuan Hup are not too shabby either.

My suspicion is that the offer price for CH Offshore will be revised and pushed up more, probably around the region of $0.55 and that would just add to Chuan Hup's ballooning coffers.

Lets wait and see.

[BlueKelah]

Prefer PCI。chh would likely be delisting that and after the last round of massive div payout, yield has gone right up for current price.

If cho not sold off then share price will drop more with oil price affecting chh as well in the short term.

-- via Xperia Z1 with tapatalk

[sgpunter]

The way oil prices and O&G related stocks are dropping, it may not be such a bad idea for Chuan Hup to let go of its stake it CH Offshore. Perhaps with the war chest, there may be acquisition targets on the cheap down the road.

[ValueMushroom]

Wow, offer for CH Offshore has been revised upwards to $0.55. This is worth $95mil in cash alone.
I did a simple calculation and arrive at a "value" of SGD$0.28. This should be another value buy.

Small vested interest, with intention to double holdings : )

[ValueMushroom]

Doubled my holdings today: )

[Debronic]

New post on Chuan Hup:

http://stockresearchasia.com/1/post/2015...ging1.html