Ho Bee Land (formerly: Ho Bee Investment)

[Vseeker]

Problem is one of the Tender's T&Cs stated very clearly:
""(b) No strata subdivision of individual units within the development is allowed.
For avoidance of doubt, the lessee shall not be permitted to part with possession
of the legal title for individual units of the development""

Is HoBee's Mr Chua Thian Poh, the type likely to "create loophole" to bypass above T&C ??

[freedom]

doubt that Ho Bee would try to divest part or all of its Metropolis.

Ho Bee is not in need of large amount of cash and has the capacity to develop the office alone. And there is not much property development opportunity at home or oversea.

what's the rush to monetize the investment properties for?

[Behappyalways]

Instead of selling units or floors, they could sell stake in the holding company to a fund for example.....




Things would only get interesting when Metropolis is completed. Then you get a better price if Ho Bee intends to sell it or parts of it. But during this meantime......the stock market might already be bearish...

Hence a good stock to watch. No vested interest

[propertyinvestor]

In the '10 AR, other receivables due from jointly-contolled entities and assocaites were extended to 2012.

why does the company call it other receivables since they will not collect them in any sooner?

should they just classified them as investments in jointly-contolled entities and assocaites?

what's the difference...

---

the 300 million investment into Yanlord Ho Bee Shanghai Co is considered interests in associates, but the 45 million investment into Yanlord Ho Bee Tangshan Co is included in other receivables due from jointly-controlled entities and associates.

---

does other receivables mean that the company will have a claim senior than interests in jointly-controlled enities or associates when the associates or jointly-controlled entities were to bankrupt?

Here's my guess on why companies put a small amount into newly created JVs as equity and the remaining investments as loans: In case of a dispute between the partners, loans would be easier to recover than injected equity. If the JV were to go bankrupt, then it is likely that both the "amount receivables from JVs" and "investments in JVs" would need to be written off.

I'm not sure what these loans will be listed as on the JV's balance sheet, but my guess is just some form of "debt", which should have a lower claim than trade receivables.

Perhaps lawyers/accountants/more enlightened folks in the forum can clarify.

---------------------------------------------------------------------

Curiously, for all the share buy backs that Ho Bee has been doing, Chairman Chua Thian Poh himself seems to think that there are better bargains in the market now, choosing to scoop up shares in TeckWah Industrial instead.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
http://info.sgx.com/webcorannc.nsf/Annou...endocument
http://info.sgx.com/webcorannc.nsf/Annou...endocument

Teckwah CEO and Ho Bee CEO looks alike and have same surname

[propertyinvestor]

Why Ho bee stop share buyback recently?

[propertyinvestor]

CHeck that Instinet is the net seller of Ho bee shares over the past 3 days!

[propertyinvestor]

Share Buybacks will resume again once Ho Bee announces Q2 results! Results for Q2 will be better than Q1 because of the profit recognition from the divestment of Suntec Strata office units

[ngcheeki]

Extracted from Ho Bee Q1 2012 report, the Q2 and Q3 result should be quite good.

"Demand for high-end residential projects is expected to remain sluggish. However, the Group’s earnings for the next quarter will be underpinned by the completion of industrial project, One Pemimpin which has just obtained Temporary Occupation Permit. The residential projects, Parvis and Trilight are expected to be completed in the 3rd quarter this year."

http://info.sgx.com/webcoranncatth.nsf/V...D0032D52B/$file/HoBeeFSAnnouncement1Q2012.pdf?openelement

Not vested because have too many properties companies in my portfolio liao

[propertyinvestor]

Extracted from Ho Bee Q1 2012 report, the Q2 and Q3 result should be quite good.

"Demand for high-end residential projects is expected to remain sluggish. However, the Group’s earnings for the next quarter will be underpinned by the completion of industrial project, One Pemimpin which has just obtained Temporary Occupation Permit. The residential projects, Parvis and Trilight are expected to be completed in the 3rd quarter this year."

http://info.sgx.com/webcoranncatth.nsf/V...D0032D52B/$file/HoBeeFSAnnouncement1Q2012.pdf?openelement

Not vested because have too many properties companies in my portfolio liao

Sell your OPH and recycle into Ho Bee and Sing Holdings

[Behappyalways]

The catalyst for price surge would be the completion of office building in Buona Vista which is slated to be completed by 3Q2013.

Then there is this possiblilty that Mr Chua would sell the office building or REIT it....He is someone who would sell if the price is right....and with the possibility of selling the office building, Ho Bee might be delisted.....2H2013 one should put Ho Bee on a watchlist.......