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Sri Lanka Equity Forum » Stock Market Talk » OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)

OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)

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21OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 5:27 am

factFINDER


Manager - Equity Analytics
Manager - Equity Analytics
@slstock

Each year, OSEA include "gain/loss of FAIR VALUE ADJUSTMENT" to their Income Statement. Therefore most propably investment properties of OSEA shown in the accounts are up-to-date and there will be no significant gain, even they go for a revaluation.

A research report resently published by Asia Securities/Asia Wealth Management emphasised that "this is the ideal time to invest in OSEA" (obviously Long-term prospective).


Good Luck !! Very Happy

22OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 6:01 am

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Many prdicted on this forum,... reseach reports, ... charts. .. investment funds.. individual investors ... institutions all of them pesume. ... this is a good time..

Very Happy Smile Smile Smile Very Happy

23OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Thank you alll for your valuable comments on Wed Apr 20, 2011 7:32 am

lion


Senior Equity Analytic
Senior Equity Analytic
Hi friends, appriciate all your feedback and comments. I now feel confident that indeed my decision to buy OSEA was a good one. My stratergy of buying value stocks is for medium to loongterm, anyway if we buy a share at a good bargain price, the market will realise the value of the share, and soon it will trade at its intrinsic value or above.

Seyon, the price of the Havelock city apartments sparts from 19Million, saw in a news article.

The current market trend is very risky, and cannot be predicted in the short run, so I belive a buy and hold stratergy is the best option available. anyway if we buy shares like OSEA, there is no need to worry as we know that the current price is indeed a bargain price.

Have a good day.

Regards.

24OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 10:10 am

salt


Vice President - Equity Analytics
Vice President - Equity Analytics
Thanks Lion for the post and the discussion. It had brought many perpspectives. Very thoughtful discussion.

I too have a sense that real estate market is picking up. However, not to say that there are some drawbacks as well. One key reason may be the improvement in security situation in North East, which has resulted in large out flow of Tamil speaking community from Colombo district. But, I trust this sould be set-off by renewed interest of our expatriates community who were major buying force of apartments. Revival of western / ME economies will take some time, hence it will be gradual revovery in the real esate prices as well.

25OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 11:10 am

lion


Senior Equity Analytic
Senior Equity Analytic
Thanks Salt,

We should have more discussions like this nature, in order to educate the investors and educate ourselves. One fact forgot to mention was 30 Cents Dividend from OSEA, then the avarage cost willl can be further reduced to 14.70.

Regards

26OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 5:10 pm

Trader


Stock Analytic
Stock Analytic
@StocksWatch wrote:Thanks lion for the wonderful analysis.

One other factor to consider when analysing these real estate companies is that their book value may be quite out of date. It is important to check if the company has done a revaluation of assets recently to make sure that the book value reported in the accounts represents current value.

Good point raised by StockWatch.
One needs to be cautious when comparing the book values / net asset value / Price to book value of companies because of inconsistent accounting polices adopted in financial statements in regard to the valuation or rather RE-VALUATION of Assets, mainly real estate. Really, such a comparison may be quite meaningless and even misleading. A new accounting standard which would address this issue, is long-felt need. Of course .. easier said than done, as it is a very complicated and arduous task !! Rolling Eyes

27OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 6:40 pm

lion


Senior Equity Analytic
Senior Equity Analytic
Stockwatch, Trader,

what you pointed out is correct for land and property accounted at historical cost, but most property companies, who have properties for the purpose of capital appriciation or earning rentals treat them as Investment Properties, which are normally revalued to their fairvalue annually, so their cant be a signifcant difference to the market value. When you go through the annual report you can idenitify the vallue of properties accounted at historical cost and the properties accounted as investment properties, which are mostly accounted at fair value.

Trust this helps.

Regards

28OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 8:11 pm

StocksWatch

StocksWatch
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@lion wrote:Stockwatch, Trader,

what you pointed out is correct for land and property accounted at historical cost, but most property companies, who have properties for the purpose of capital appriciation or earning rentals treat them as Investment Properties, which are normally revalued to their fairvalue annually, so their cant be a signifcant difference to the market value. When you go through the annual report you can idenitify the vallue of properties accounted at historical cost and the properties accounted as investment properties, which are mostly accounted at fair value.

Trust this helps.

Regards

Totally agreed with your point lion. Yes I meant only those assets valued at historical cost. We saw recently EAST coming up a revaluation which signicantly increased its book value.

29OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Apr 20, 2011 9:21 pm

lion


Senior Equity Analytic
Senior Equity Analytic
there were several issues with EAST revaluation Land revaluation: This is not the land owned by the company, its a leasehold property. The impact is different from being owning a land and having a lease land. this may be the reason why the stock didnt react much to the announcement. I am not sure as to the accounting treatment for revaling a leasehold property.

Any Accountants comments are appriciated on this.

Regards

30OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Tue Sep 24, 2019 12:09 pm

dhaneenja


Equity Analytic
Equity Analytic
What about you guys think this?

for my findings,
overall it's good company.following disadvantages notices,
1)In future with Port City lots of office space available. can be bubble In future... but not sure 
2)Very less company and business in SL so they don't have good income to cover rent cost. in that case i don't think WTC has more demand. 
3)Future building renovations cost. (no idea haven't any data)
4)Not sure epf and etf will invest in future ( then sorry .com ආණ්ඩුවෙන් චොර director කෙනක් දැම්මොත්  rabbit )

ඔයගොල්ලෝ මොනවද මෙ ගැන දන්නේ?

@teller please your comments and thoughts...

31OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Tue Sep 24, 2019 12:36 pm

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics
Last dividend was on   18.Feb.2019
Rate of Dividend: - Rs. 1.25 per share / First & Final Dividend


At present economic condition we can not expect a good divididend in near future (2020)...

32OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Tue Sep 24, 2019 12:43 pm

dhaneenja


Equity Analytic
Equity Analytic
@Arrowrisk wrote:Last dividend was on   18.Feb.2019
Rate of Dividend: - Rs. 1.25 per share / First & Final Dividend


At present economic condition we can not expect a good divididend in near future (2020)...

Thanks Noted!

33OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Oct 09, 2019 1:59 pm

Arrowrisk

Arrowrisk
Manager - Equity Analytics
Manager - Equity Analytics
Today we have seen some improvement...

34OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty who owns the world trade centre? on Wed Nov 20, 2019 11:47 am

deli

deli
Senior Equity Analytic
Senior Equity Analytic
Who owns the world trade centre (WTC) Colombo? an investor wants to know,

35OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 20, 2019 12:03 pm

reyaz

reyaz
Manager - Equity Analytics
Manager - Equity Analytics
Certainly, not the Government! it is Overseas Realty (counter: OSEA.N) Founded by a Gentleman in Singapore.

36OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 20, 2019 12:11 pm

Gajaya


Stock Analytic
Stock Analytic
Fully owned and controlled by Singapore based Shing Kwan Group as Overseas Realty PLC in Sri Lanka.

37OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 20, 2019 12:36 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
BOC owns the West Tower. Overseas realty owns the East Tower. Both are managed by Overseas Realty

38OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 20, 2019 12:54 pm

dhaneenja


Equity Analytic
Equity Analytic
@Quibit wrote:BOC owns the West Tower. Overseas realty owns the East Tower. Both are managed by Overseas Realty

Can you publish the real info ownership of BOC West Tower ?

39OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 20, 2019 12:58 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@dhaneenja wrote:
@Quibit wrote:BOC owns the West Tower. Overseas realty owns the East Tower. Both are managed by Overseas Realty

Can you publish the real info ownership of BOC West Tower ?
read the annual report

40OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 20, 2019 1:05 pm

dhaneenja


Equity Analytic
Equity Analytic
@Quibit wrote:
@dhaneenja wrote:
@Quibit wrote:BOC owns the West Tower. Overseas realty owns the East Tower. Both are managed by Overseas Realty

Can you publish the real info ownership of BOC West Tower ?
read the annual report

Yes, Only BOC loan rit? WTC West Tower, has BOC office. they did not mention "BOC owns the West Tower"

Hope I'm Reading correct reports,
BOC - https://web.boc.lk/assets/reports/annual/BOC_AR_2018.pdf
OSEA- https://cdn.cse.lk/cmt/upload_report_file/628_1551870381055.pdf

41OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Thu Nov 21, 2019 2:58 pm

dhaneenja


Equity Analytic
Equity Analytic
any Update @Quibit?

42OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Sat Nov 23, 2019 10:29 am

ColomboCSE


Stock Analytic
Stock Analytic
මෙය OSEA ප්‍රවර්ධනයක් නොවන බව කරුණාවෙන් සලකන්න.
ලංකාවේ ලෝක වෙළද ගොඩනැගිනි දෙකම සම්පුර්ණ අහිතිය OSEA සතුවන නමුත් වරිග අඩි 6345 පමණ සුළු පමාණයක් පමණක් BOC සතු වේ. වැඩි විස්තර BOC පිටු අංක 312. මුළු ගොඩනැගිල්ල්න් වරිග අඩි 6345 කොපමණ ප්‍රමාණයක් ද යන්න ගණනය කිරීම ඔබට පුළුවන්  Very Happy Very Happy Very Happy

43OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Tue Nov 26, 2019 3:21 pm

dhaneenja


Equity Analytic
Equity Analytic
@ColomboCSE wrote:මෙය OSEA ප්‍රවර්ධනයක් නොවන බව කරුණාවෙන් සලකන්න.
ලංකාවේ ලෝක වෙළද ගොඩනැගිනි දෙකම සම්පුර්ණ අහිතිය OSEA සතුවන නමුත් වරිග අඩි 6345 පමණ සුළු පමාණයක් පමණක් BOC සතු වේ. වැඩි විස්තර BOC පිටු අංක 312. මුළු ගොඩනැගිල්ල්න් වරිග අඩි 6345 කොපමණ ප්‍රමාණයක් ද යන්න ගණනය කිරීම ඔබට පුළුවන්  Very Happy Very Happy Very Happy

Thanks totally Correct, we both same page! i was really wonder "BOC owns the West Tower(msg. from Quibit)

44OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Wed Nov 27, 2019 3:15 pm

ThilinaM

ThilinaM
Manager - Equity Analytics
Manager - Equity Analytics
dont fear to invest in osea . wtc tower will be remain until 2200year . good divident
highly undervalued. honest managemnt (i assume)

45OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) - Page 2 Empty Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) on Sat Nov 30, 2019 8:35 pm

ColomboCSE


Stock Analytic
Stock Analytic
@ThilinaM wrote:dont fear to invest in osea . wtc tower will be remain until 2200year . good divident
highly undervalued. honest managemnt (i assume)

YES  Very Happy Very Happy  And Havelock City too....

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