Chip Eng Seng

[mkmk]

http://infopub.sgx.com/FileOpen/mtm.ashx...eID=260257

Establishment of S$500,000,000 Multicurrency Debt Issuance Programme

The Board of Directors of Chip Eng Seng Corporation Ltd. (the “Company”) wishes to announce that the Company has established a S$500,000,000 Multicurrency Debt Issuance Programme (the “Programme”) today and that in connection therewith, DBS Bank Ltd. has been appointed to act as the arranger and the dealer of the Programme.

Under the Programme, the Issuer may from time to time issue Notes and/or Perpetual Securities (the "Securities") in Singapore dollars or any other currency as may be agreed between the relevant dealer(s) of the Programme and the Issuer. Securities may be issued in various amounts and tenors, and may bear interest at a fixed, floating, variable or hybrid rate or may not bear interest as may be agreed between the Issuer and the relevant dealer(s).

The net proceeds arising from the issue of the Securities under the Programme (after deducting issue expenses) will be used for general corporate purposes of the Company and its subsidiaries, including refinancing the existing borrowings, financing the investments and for the general working capital of the Company and its subsidiaries.

(Not vested)

[hatauh]

Based on the new accounting standards, EC & BDSS development revenue & expense can only be recognized at TOP. So in the meantime, where to park those revenue & expense (figures)? Even if these are reflected in income statement, shouldn't they be reflected in the balance sheet or cashflow statement? If so, how to balance income vs balance sheet and cashflow?

For projects which are 40% owned, it would only be reflected under 'share of result of associates', in the meantime, whatever investments made in these associate companies, where are these investments ($) being reflected / captured.

Appreciate any education.

if I am right, there are classified as development properties in the Balance sheet for the asset part.

What about the profit from associate companies?

Correct me if I'm wrong, for associates, their assets are normally not captured in the group's consolidated balance sheet. Only the share of profits is reflected in the group's profit & loss.

[Aldar]

Based on the new accounting standards, EC & BDSS development revenue & expense can only be recognized at TOP. So in the meantime, where to park those revenue & expense (figures)? Even if these are reflected in income statement, shouldn't they be reflected in the balance sheet or cashflow statement? If so, how to balance income vs balance sheet and cashflow?

For projects which are 40% owned, it would only be reflected under 'share of result of associates', in the meantime, whatever investments made in these associate companies, where are these investments ($) being reflected / captured.

Appreciate any education.

if I am right, there are classified as development properties in the Balance sheet for the asset part.

What about the profit from associate companies?

Correct me if I'm wrong, for associates, their assets are normally not captured in the group's consolidated balance sheet. Only the share of profits is reflected in the group's profit & loss.

1. Associates
An associate company (or associate) in accounting and business valuation is a company in which another company owns a significant portion of voting shares, usually 20–50%. In this case, an owner does not consolidate the associate's financial statements.

Associate value is reported in the balance sheet as an asset, the investor's proportional share of the associate's income is reported in the income statement and dividends from the ownership decrease the value on the balance sheet.

2. Non-controlling Interests
When a company owns more than 50% of another company, accounting rules state that the parent company has to consolidate its books. In other words, the parent company reflects 100% of the assets and liabilities and 100% of financial performance (revenue, costs, profits, etc.) of the majority-owned subsidiary (the “sub”) on its own financial statements.

But since the parent company does not 100% of the sub, the parent company will have a line item called minority interest on its income statement reflecting the portion of the sub’s net income that the parent is not entitled to (the percentage that it does not own). The parent company’s balance sheet will also contain a line item called minority interest which reflects the percentage of the sub’s book value of equity that the parent does NOT own.

[Share Investor]

Anyone knows how well the Nine Residence selling?

[Behappyalways]

you meant Nin Residence?

you can check for the information here under tools for the public and professionals.

http://www.ura.gov.sg/uol/property-marke...perty-Data

Anyone knows how well the Nine Residence selling?

[dahuai84]

"The 99-year leasehold Nine Residences in Yishun Avenue 9 is part of a mixed development by Chip Eng Seng. The 186-unit development released 100 units earlier this month at an average price of $1,070 psf and managed to sell 60 on launch day. "

http://news.xin.msn.com/en/property/stor...=254163148

I believe the shop units in the mall are more popular, even the insiders are buying.

http://infopub.sgx.com/FileOpen/Interest...eID=259342


Share Investor please post your questions under the correct tread.

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In this world nothing can be said to be certain, except death and taxes.
Benjamin Franklin

[marandaz]

The retail mall is called Junction nine right?

If so, Sheng Shiong recently on 25th Oct entered agreement to buy 1,600 sqm of Junction nine retail space for 50 Mil++

Sheng Shiong SGX annoucement

[Share Investor]

The retail mall is called Junction nine right?

If so, Sheng Shiong recently on 25th Oct entered agreement to buy 1,600 sqm of Junction nine retail space for 50 Mil++

Sheng Shiong SGX annoucement

Yesterday announced 91% of junction nine sold and 50% of nine residence sold.

[revelationofpyramids]

Yes, Junction 9 is going to make lots of money for Chip Eng Seng. Its the second big profit retail shop project after Alexandra Central. Both will make more than $100m profit each and will be booked all at 1-time.

I am looking towards 2014. If Alexandra Central TOP next year it will coincide with 3 other projects also TOP next year and all of them will have 1-time booking of profit. Gross Profit will surge to $250m.

Earnings per share will rise to more than 30ct per share!!!!!

[Share Investor]

I am looking towards 2014. If Alexandra Central TOP next year it will coincide with 3 other projects also TOP next year and all of them will have 1-time booking of profit. Gross Profit will surge to $250m.

Earnings per share will rise to more than 30ct per share!!!!!

Will management be generous in sharing the fruit with shareholders? This will be the question i am interested.

Vested.