SINGAPORE (Jan 8): Chip Eng Seng, a construction company turned developer and investment property owner, saw its share price run up 48% in 2017. Why the heightened interest in Chip Eng Seng? Analysts are forecasting higher revalued net asset values (RNAVs), based on its early-mover advantage in buying land sites and a higher valuation for Park Hotel Alexandra in Singapore. In the next 12 months, though, cash outflow for construction costs could put dividends under pressure and act as a strain on cash flow.

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