Chip Eng Seng was listed public on year 1999. Since then it has achieved a very high compound grow rate in it's revenue as well as net profit. It's business model is to joint venture with land owner to build various type of buildings, including high rise residential buildings as wells commercial buildings. In my own opinion, it's grow rate accelerated since Raymond took over the management position in year 2006 from his father-in-law. As this is a family business, hence it is lucky that a son-in-law can assist him to manage daily operation works. He has another daughter who graduated from Australia and worked as senior architect there to assist him in property development division. So I believe that he has connection with the property developers there.
To me, my main concern is that whether it can still achieve higher grow rate in next five year. As Chio Eng Seng has no big land bank and has the advantages on construction sector ( it is one of the Grade A construction companies in Singapore), it relies heavily on the relationship with other property developers to achieve synergy between themselves. With highly transparency and good corporate governance in place, I believe that it is not a big problem for CES to grow it's profit to another sky high level in next ten years.
P/s: please consult your investment advisor before making any investment decision.
Subscribe to:
Post Comments (Atom)
View All My Posts Here
-
►
2015
(4)
- ► March 2015 (1)
- ► February 2015 (3)
-
►
2014
(191)
- ► December 2014 (2)
- ► November 2014 (8)
- ► October 2014 (8)
- ► September 2014 (6)
- ► August 2014 (51)
- ► April 2014 (5)
- ► March 2014 (10)
- ► February 2014 (19)
- ► January 2014 (20)
-
►
2013
(175)
- ► December 2013 (12)
- ► November 2013 (7)
- ► October 2013 (12)
- ► September 2013 (7)
- ► August 2013 (31)
- ► April 2013 (20)
- ► March 2013 (8)
- ► February 2013 (13)
- ► January 2013 (18)
-
►
2012
(132)
- ► December 2012 (43)
- ► November 2012 (11)
- ► October 2012 (7)
- ► September 2012 (31)
- ► August 2012 (20)
- ► March 2012 (1)
- ► January 2012 (5)
-
▼
2011
(226)
- ► December 2011 (10)
- ► November 2011 (11)
- ► October 2011 (8)
- ► September 2011 (24)
- ► August 2011 (48)
-
▼
July 2011
(48)
- Chip Eng Seng - transformation in progress
- Advantage and Disadvantage of Real Estate Investme...
- What should you do when you are in your 30s?
- Mah Sing wins “Best Of Asia” at Corporate Governan...
- Learn to Sleep Well When You are in Investment Jou...
- Starting my CFA Level III Preparation
- Margin of Safety - Second Thought on it
- Prepare for the worst, looking forward to the best
- Impact on United State Market to Property Investme...
- Start your investment in the business that you are...
- Never Give Up
- I passed my CFA level II exam!
- Be Aware of The Trap
- Review After Visiting Kota Iskandar and its surround
- Self Discipline Crucial to Your Investment
- Investment Is Like Climbing Mountain
- How to enjoy investing while you are still in work...
- What kind of investor type are you?
- The impact of Technology to Investment Process
- What do you think of the company below?
- Recent Volatility in Malaysia Property Stocks
- Park Money under Flexiloan or Invest in other Asset?
- Know when to rest in Investment Journey
- Can Iskandar Malaysia public transport system equa...
- What factor(s) should you consider for long term i...
- Leveraging - Pros and Cons to Your Property Invest...
- 3 things we should do when market drops
- Why Buy a property for own stay in early age is a ...
- The Importance of Personal Finance
- Do you need a credit card?
- Leveraging - Pros and Cons to Your Property Invest...
- Be Nature
- What Happen to Ringgit?
- Iskandar Malaysia - News Update (From Reuters)
- Demo of PPM - Part 4 (Current Asset to Total Portf...
- Control Your Fate, Do Not Let It To Control You
- My Thought on Buy Low Sell High or Sell High Buy Low
- Page Views Breaks 2nd 10K within 1 Month
- Why should I need to sell if my investment horizon...
- Demo of PPM Part 3 - Financial Ratio Detailed Expl...
- Mah Sing Update - Best Corporate Governance
- Demo of Personal Portfolio Management - Part 2
- Demo of Personal Portfolio Management - Part 1
- Demo of Personal Portfolio Management (Introduction)
- Investment is a Long Term Journey
- Learning Investing is Similar to Learning Driving
- Health Care Insurance & Term Insurance - Important...
- Mah Sing Updates - 01 July 2011
- ► April 2011 (17)
- ► March 2011 (10)

No comments:
Post a Comment