Chip Eng Seng

Pretty good results on the whole but only $8+ million profit for its 40% stake in Belysa ? Seems to be really low. Anyone have a possible reason for that ?

Residential projects (e.g. EC) have very low profit margin.

The real cash cow are the retail/commercial segments.

May I know your estimates for Belysa ?

Summer estimated around $16m profit, which is quite close to mine.

sorry, I don't have the estimate for Belysa.

But my estimate for upcoming Nine Residence is only $4mil.

The real money earner is the retail segment, i.e. Junction 9. My estimate of net profit is $166 mil for Junction 9.
(estimated using actual transaction data plus some interpolation)

still dropping today despite the more than 200% jump in EPS for 1st half FY2014.

Mr Market is really good

well that can open up more opportunities for other or more CES-enthusiasts to buy in? market fluctuation or irrationality is something we have to bear with.

as long as you did your homework and gotten in at a reasonable price. don't have to worry too much right?

(not vested)