Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, April 20, 2011

USD weakens

AUD at 3.22 high, SGD above 2.4, Gold reaching new high of 1,500 while USD plunges 3.00
MYR has appreciated slightly against USD but is losing ground to AUD and SGD.
Properties relatively will be cheaper for the droves of Singaporean hunting real estates in Malaysia..

I & P (Bandar Kinrara)
Q'aseh Superlink Homes priced from RM 945k to 1794k
Land area = 24' x 80' = 1920sf. BU = 2799sf.
Price at psf basis = RM 492 psf land and RM 337 psf of built-up area
Reasonably cheaper than the current RM 400 - 600 psf of condo pricing

1 comment:

hng said...

Hapseng current share weakness could be due to private placement of 20% through book building. Generally, private placement share give up to 10% discount than average 5 day weight market price.

Hapseng share price likely continue on weakness before the actual price of its 20% placement is confirm as potential institutional investor will opt to sell share in the open market and then enjoy discount through book building exercise

As far as i know, the is no announcement yet on the completion of private placement and its price on bursa. I think to book building could be on the way soon.

About its subsequent bonus, right and warrant, ex-all price could be lower down and is somewhere around 1.90 and if management insist on its discount of 35% on its right share, then right will be at 1.25. or else it would follow the earlier proposal issue right at 1.46. Its warrant could be trading at premium at least 30% depending on its warrant exercise price.

Its final dividend of 22sen TE is based on its current share capital of 622.6m, after the corporate exercise, its share capital will be increase to 2.689b, which imply the shareholder only entitle about 5.1 sen TE