BBR Holdings

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(14-09-2014, 11:42 PM)kelvesy Wrote: I am quite perplexed why the share price could not move up. Is Mr. Market being irrational again?

I think in this yield hungry environment, companies like BBR that have low distributions are given the cold shoulder.
Yield is still likely to be around 2-3%, maintained for 2014, similar to previous years even though profitability has jumped up in 2013 and likely to be even higher in 2014.
This is because they are expanding large amounts of cash for property developments, particularly the ECs. It was Bliss @ Kovan, and now its lake life in Jurong.
I personally am happy with the company's direction as long as FCF holds up.

<vested>
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BLISS@KOVAN
Total Number of Units 140
1 Unit sold in August 2014 & another one in May 2014
Unsold units as of end of Aug 2014 should be 8 units

Percentage of sale: 94.2%

Lake Life @Yuan Ching
E-Application & Show Gallery will open in Oct 2014.
Lake Life Official Website
Nothing much yet in the website.

Unofficial website with more info on units & pricing.
Data might not be accurate though.
Unofficial Website

<vested>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
Reply
profit margin for residential segment is much lower compared to retail segment...

(16-09-2014, 11:56 AM)ksir Wrote: BLISS@KOVAN
Total Number of Units 140
1 Unit sold in August 2014 & another one in May 2014
Unsold units as of end of Aug 2014 should be 8 units

Percentage of sale: 94.2%

Lake Life @Yuan Ching
E-Application & Show Gallery will open in Oct 2014.
Lake Life Official Website
Nothing much yet in the website.

Unofficial website with more info on units & pricing.
Data might not be accurate though.
Unofficial Website

<vested>
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(16-09-2014, 12:05 PM)Curiousparty Wrote: profit margin for residential segment is much lower compared to retail segment...

(16-09-2014, 11:56 AM)ksir Wrote: BLISS@KOVAN
Total Number of Units 140
1 Unit sold in August 2014 & another one in May 2014
Unsold units as of end of Aug 2014 should be 8 units

Percentage of sale: 94.2%

Lake Life @Yuan Ching
E-Application & Show Gallery will open in Oct 2014.
Lake Life Official Website
Nothing much yet in the website.

Unofficial website with more info on units & pricing.
Data might not be accurate though.
Unofficial Website

<vested>

Really? Do you have the figures?
Cant find any disclosures regarding this.
It'll be useful to know
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(17-09-2014, 01:38 PM)GFG Wrote:
(16-09-2014, 12:05 PM)Curiousparty Wrote: profit margin for residential segment is much lower compared to retail segment...

(16-09-2014, 11:56 AM)ksir Wrote: BLISS@KOVAN
Total Number of Units 140
1 Unit sold in August 2014 & another one in May 2014
Unsold units as of end of Aug 2014 should be 8 units

Percentage of sale: 94.2%

Lake Life @Yuan Ching
E-Application & Show Gallery will open in Oct 2014.
Lake Life Official Website
Nothing much yet in the website.

Unofficial website with more info on units & pricing.
Data might not be accurate though.
Unofficial Website

<vested>

Really? Do you have the figures?
Cant find any disclosures regarding this.
It'll be useful to know

I am puzzled, what is this residential segment vs retail segment gotta do with BBR?
Bliss@Kovan is private Residential.
Lake Life is EC (semi private Residential).

So? Do you mean EC margin is lower than Private Residential?
I bet that is so, but who cares?

"We don't care whether the color of the cat is black or white, as long as can catch mouse, it is a good cat".
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
Reply
For those interested in BBR's latest EC JV, Lake Life EC.

Yesterday's article carried mention of it, with the managing partner of Eviva (one of the JV partners) mentioning breakeven cost is about $800 psf (unconfirmed rumours puts cost at $790 currently). It seems Lake life is pricing its units at in the region of $880 psf. So lets make simple assumptions of sales ($880 psf) and cost ($800psf).

GFA of area is 60500 sq metre or 544900 sq feet. Thus profit of EC is about $43.59M @ 100% sales. BBR has a 35% stake in this project, thus profit is $14.53M or 4.7 cents EPS
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Another major MYR335.0 engineering contract in Terengganu, Malaysia, announced today (15Oct14)….
http://infopub.sgx.com/FileOpen/BBR_New_...eID=318328

This is just after 3 solar power system installation projects for HDB, GKE Group and The People's Buddhism Study Society announced on 9Oct9 and 14Oct14….
http://infopub.sgx.com/FileOpen/BBR_Sola...eID=317652
http://infopub.sgx.com/FileOpen/BBR_Sola...eID=318144
and a huge SGD196.0m construction contract from NTU announced on 1Jul14…..
http://infopub.sgx.com/FileOpen/BBR_NTU_...eID=303667

Looking at the the very strong 1H results…..
http://infopub.sgx.com/FileOpen/BBR_2Q20...eID=308414
it looks very likely BBR will have record years coming..
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Good news for BBR GREENTECH.

http://www.eco-business.com/news/singapo...hnologies/

In Singapore, the government is focused on scaling up the use of solar energy – the country’s most viable renewable energy option – to 350 MW by 2020, up from 20 MW last year under its SolarNova programme, which aims to accelerate the uptake of solar technology in Singapore by having public agencies procure PV installations across government buildings and spaces.

The first aggregated tender will be launched early next year, said Iswaran, who is also Second Minister for Home Affairs and Trade and Industry.

The EMA and Singapore Power (SP) have also shortened the grid connection process for solar PV installations from 27 to seven working days and eased administrative requirements imposed on solar PV owners, he added.
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http://infopub.sgx.com/FileOpen/BBR_Redu...eID=321755

25% to 1% - smart move!
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(03-11-2014, 09:34 PM)idyllic_yawster Wrote: http://infopub.sgx.com/FileOpen/BBR_Redu...eID=321755

25% to 1% - smart move!

The max losses are already recognized. I don't see any financial impact by doing this.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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