Everyone can see that property counters are on the rise. Everyone will want to ride the wave. The question is, which counter? CDL? UOL? Capitaland? The answer is simple – get the Best of Breed, and SC GLOBAL is one of the Best!!
Why SC the Best?
When property price is on the rise, high-end market (District 9,10) is the one that takes the lead. This is the segment that generate the highest yield. And Luxury high-end market is exactly what SC is concentrating on. At the moment, SC is in the midst of launching 2 high end projects – The MarQ and Hilltops
Land bank is important for a property company for its continue growth. On 16 Jun, SC acquired a 43000 sq ft piece of land at the prestigious Ardmore area. SC also owns site at Muthuraman/Narayanan Chetty Road. In Jan 06, it also acquired an adjacent property at Martin Road. At his moment, SC is also developing a freehold commercial development “Newton 200” at Newton Road, which will be its investment property.
Impressive Financial:
Net profit after tax: FY05 = 9.4m, FY06 = 16.9m, FY07 (forecast) = 124.3m!
As of FY06, Current assets = 565.5m, as compare to Current liabilities of 72.5m.
EPS for 1Q07 (7.55) increased 680% as compare to 1Q06 (1.05).
At the moment, the shares is in a consolidation phase, trading in a tight range between $6.5 to $6.7. This provides a very good opportunity to accumulate.
Base on its daily chart, the next price surge can be expected in Aug, with a target of $8.10.
Here is what others say:
Philips: Price Target $8.00
UOB KayHian Price Target $8.14.
DBS Vickers: Price Target S$ 8.40
Disclaimer: All shares recommendations in this Blog are my personal opinion. Readers are encouraged to do their own research before investing. Remember, it’s your own money! I will not be liable for any losses incurred.
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