Roxy Pacific - undervalued

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13 years 10 months ago #4970 by yeng
Replied by yeng on topic Re:Roxy Pacific - undervalued
Roxy-Pacific Holdings Limited (“Roxy-Pacific” or “the Group”) refers to the article
“Developers offer price cuts, discounts on new projects” (Business Times, January 17,
2011).
The Group wishes to state categorically that none of the units for Spottiswoode 18
start from the lower price range of S$600,000 as stated in the aforesaid article. The
price list is being finalised ahead of the soft launch of the 251-unit prime property
tomorrow, January 18, 2011.




Stock to rebound????

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13 years 8 months ago #5383 by Dongdaemun
ocbc initiated coverage at 55 cents, same as DBS Vickers, which means the stock has another 10 cents to go from current 45.5. Stable business with lots of revenue to be booked over the next 2-3 years.

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13 years 8 months ago #5384 by jinraidx
The analysts are rather conservative. 
The hotel alone is now revalued at S$300+million versus S$200+ last year. 
That surplus alone (without development profits and Kovan surplus) brings the NAV up to close to S$0.70 per share. 
Well it may be for discounting the risk for holding a counter with a higer gearing and a risk of a second global meltdown, both are very unlikely to occur.
Attached are writings from my blog on this counter.
skewed-odds.blogspot.com/2011/02/updates.html
skewed-odds.blogspot.com/2010/04/on-roxy...ic-e8zsi-roxysp.html
 
Cheers. 
 
 
 

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13 years 6 months ago #5917 by pine
Replied by pine on topic Re:Roxy Pacific - undervalued
jinraidx: what do you think of the first Q result of $10 m net profit?
Is Hiap Hoe a better buy?

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13 years 6 months ago #5924 by Mel
Replied by Mel on topic Re:Roxy Pacific - undervalued
UP 1 cent to 46 cents. The possible catalysts for the stock price will be a successful sell out of the projects to be launched in the next few months. These are commercial projects and I tink they would not hv a problem selling. Of more concern wld be the resi projects -- they just bought 2 resi sites according to NextInsight article . These will be launched much later -- dont know when,, maybe FY12

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13 years 5 months ago #6037 by yeng
Will Roxy follow the example of  Allgreen 's voluntary cash offer?

Roxy shares, recently trading at 45 cents, are substantially discounted from the RNAV of 68.58 cents a share.

Tomorrow, property stocks will boom.....

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