Park hotel Alexandra

Property

Chip Eng Seng to refurbish hotel at Alexandra Road

Momentus Hotel Alexandra will reopen in 1Q 2023.

Broker's Calls

This developer's outlook remains bright despite 1Q earnings decline: Phillip

SINGAPORE (May 7): Phillip Capital is maintaining its “buy” call on developer Chip Eng Seng (CES) Corporation with an unchanged target price of $1.21, which translates to a P/NAV ratio of 0.95 times at the counter’s closing price of 93 cents last Fr

5 festive goodies to bag

Take home these delectable treats and specialty dishes exclusive to the season. 

Broker's Calls

This property stock remains a good proxy to the residential upcycle

SINGAPORE (Nov 10): Phillip Capital is maintaining its “buy” call on Chip Eng Seng while raising its target price to $1.21 after incorporating the construction business as well as a narrower discount to RNAV to 40% from 50%, in view of the current upc

Results

Chip Eng Seng’s 3Q earnings fall 58% to $5.7 mil on lower revenue

SINGAPORE (Nov 8): Chip Eng Seng has posted a 57.9% decline in earnings to $5.7 million in 3Q as compared to $13.6 million a year ago.  
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