Hiap Hoe will transform into a different animal when its 2 hotels are completed and start operating soon. It will have a steady revenue stream, which will make it even more attractive. The stock price definitely will be climbing up beyond 60 cents.
The investment vehicle of the father-sons owns 70% of the listed company. Any increase in dividends will be enjoyed mostly by them, while minority shareholders take the remaining 30%. However, let's not contradict ourselves. Minority shareholders do want Hiap Hoe to pay out higher dividends than the measly 0.5 cent a share in past years.
The positive impact of the 2 hotels will be greater on Superbowl than on Hiap Hoe.
But Superbowl is more illiquid ... how to accumulate?
Buy Hiap Hoe then.
Oh, it is higher now at 62.5 cents than in my previous post. Looking forward to its AGM many months from now -- why? Reason is, it will be probably held at its new hotel in Zhongshan Park in Balestier. There should be an even better buffet than the one at Orchard Hotel where Hiap Hoe held its previous AGM.