Chip Eng Seng

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Thanks vesfreq

Looks like market correction is imminent... we may be able to catch this gem at 0.90 or below soon... if full blown recession were to happen.. probably around 0.45 or below... Wink
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Wow...$0.45 - good price provided the NBV and the EPS is attractive.
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(12-03-2015, 09:14 AM)westin1 Wrote: Thanks vesfreq

Looks like market correction is imminent... we may be able to catch this gem at 0.90 or below soon... if full blown recession were to happen.. probably around 0.45 or below... Wink

how do you come to the price of 0.45? Kindly explain in detail Wink
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(12-03-2015, 09:34 AM)jjlim84 Wrote:
(12-03-2015, 09:14 AM)westin1 Wrote: Thanks vesfreq

Looks like market correction is imminent... we may be able to catch this gem at 0.90 or below soon... if full blown recession were to happen.. probably around 0.45 or below... Wink

how do you come to the price of 0.45? Kindly explain in detail Wink

Our bro westin wanting to exit at 0.45! Someone quickly grab.... Before he change his mind
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.

When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.

The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
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Refer to Ho bee,strong developer ..
2009...fell to $0.30...
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you seem to think that every financial crisis/recession is similar in nature, and the stock price will react the same every time
that's quite naïve IMO Wink
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Well, hopefullly ces is able to withstand the upcoming one.... hehe
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do you believe CEL will like Ho bee shoot up to $3 before crisis?
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Cant imagine... because as compared to ho bee... cel is small....
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jjlim84 Wrote:you seem to think that every financial crisis/recession is similar in nature, and the stock price will react the same every time that's quite naïve IMO Wink
One can go and check the NAV of CES and Ho Bee back then . Price to NAV or RNAV ratio was too ridiculously high. ( price to NAV was X times , where X >> 1)

Now, most property counters are trading at a fraction of their NAV or RNAV , with the exception of a few counters , eg Wee Hur

More privatization might be on the card ...
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