Metro Holdings

[Stocker]

She worked for Metro in the 80's under Ong seiw Hiong.

[chaosdiablo]

broke resistance of 75cts. Next tgt 80cts.

Personal opinion only.

Haha...hope can be $1 soon.......

St****** turn soon......haha, just dreaming...............

[chaosdiablo]

DMG & Partners Securities on 4 April 2012



METRO recently announced the completion of the sale of its 50 per cent stake in Metro City Beijing, a suburban retail mall in Chaoyang district, Beijing. With the sale, the group will realise a pretax gain of S$87.4 million, with a boost of 9 cents per share to its NAV. The sale proceeds of 688.5 million yuan (S$132 million) will add to its already formidable cash pile, with net cash expected to increase from 36 cents per share to 51 cents per share. We continue to like the stock as a proxy for consumption growth in China, helmed by an experienced management team and anchored by a sound balance sheet.


Management continues to look for opportunities to invest in China's real estate market but is cognisant that the competitive landscape is fraught with risk and keen competition. The group manages its risks by structuring deals to mitigate its downside exposure and tying up with reputable developers to co-invest and develop projects. Future projects could involve green/brown field projects with lower entry costs.


We raise our RNAV by 4 cents, from S$1.23 to S$1.27. The stock is trading at a 42 per cent discount to its RNAV and is backed by 51 cents per share in cash. Our TP of S$0.89 is based on 30 per cent discount to its RNAV. Going by past records, the company is likely to dish out special dividends along with its full-year results in May. Maintain 'buy'.
BUY

[greengiraffe]

since the announcement of metro city bj closure, metro share price is well supported. based on daily movements and bid / ask, it is quite evident that there are confident secret admirers out there.

[Stocker]

The buying seems relentless.

[greengiraffe]

The buying seems relentless.

slow and steady. they even did an ultimate poker - warned that sale of metro city bj may not go through - price came off for cheaper collection - isn't it a classic poker game.

Now we will have to wait till yr end to see what are they doing with their cashpile given their ultra conservatism towards new projects in china.

like what other buddies said - price is temporary, value is permanent

[Stocker]

Maybe some insiders know what many don't know ?

[greengiraffe]

Maybe some insiders know what many don't know ?

Mate, its a simple story at Metro - how to narrow the valuation gap between the market price & book value.

With the ample cashpile and lack of opportunities to invest due to tough operating environment - its what they are going to do with their cashpile that matters most now.

If Guthrie GTS can pay special dividends that enhances share prices, Metro is in a better position to do the same. Hence the quantum of such a payout and a communication of such a return of excess cash will determine where the share price is heading.

It doesn't take a rocket scientist to unlock the value at Metro. Rather its the willingness on the part of the Ong family, in particular Jopie Ong to unveiled such a strategy.

Metro is a deeply valued stock especially after selling the biggest lemon in its China property portfolio.

[greengiraffe]

watch that accumulation. very deep pocket admirers collecting daily

[lvpierre]

i am accumulating..in anticipation of metro returning the cashpile to shareholder as special dividend in may...