Chip Eng Seng

[jjlim84]

Congrats to all vested, just a few doubts though:

1) When will be a good price to sell to take some profits? When everybody is rushing in to buy?
2) CES share price has been undervalued/depressed under its NAV for quite sometime, what makes it so sure that this year earnings is the catalyst to propel it to its actual value?
3) this year earnings is truly exceptional no doubt, but can it be replicated for the next few years?

Some of your question depend on what is the price you entering into this counter, and also, how do you see the future prospect of this counter.

I have been tracking CEL for quite awhile, since the first time I bought.
CEL has a habit to finish at least 1 project every year. Then, they will use the money they earn, to roll onto the next project.

2011 - Oasis@Elias
2012 - 33M
2013 - Prive, Belsa, 100PP
2014 - My Manhattan, Belvia, ALex Central
2015 - ALex HOtel
2016 - Fulcrum, Nine Residence, Junction 9
2017 - ??
2018 - Tower Melbourne

As you may see, the project they finished, it is getting bigger and bigger. MOst of the pass project has sold out, only 100PP still left some units.

Australia development is quite a failure to CEL. If not, the TM would contribute to 2017 as the first schedule and the CUB will be on 2018. Well, all this has over. We need to move forward.

For the CUB, divestment will contribute to 2015 result.
For 2017, I would think the Doncaster project should contribute to this.
For 2018, that should be the Fernvale project.

For the investment property, this continue to bring passive income to the group moving 2015 onward.

For the Hotel, the contribution should come in after 2016.

And, there is also quite huge of HDB project they are holding now. With the HDB project earning, that should enough to give the 50% of 6 cents dividend to shareholder.

And, I am sure, CEL will continue to bid project after they finish the Alex.

Would these help you?

Thanks, these couple of years should be fine for CES I think, the level of uncertainty comes after that
Bought at 80 cents level, regretting not buying earlier