| Latest Forum Topics / SingHoldings Last:0.51 -- |
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Sing Holdings - Grossly undervalued
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stockinvestor
Master |
11-Sep-2017 09:09
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actually, put in perspective, the loss from robin is < 1c.   the upcoming fernvale project has a minimum earnings per share of 10c (according to kgi report' s assumption of 1000psf).   1000psf is too conservative in the current market and every 100psf more is another 10c in eps.   1100psf average selling price = 20c eps.   1200psf average selling price = 30c eps.   th eps from the fernvale project should be somewhere between 20c and 30c conservatively i feel. | ||||
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lifeisgood
Supreme |
09-Sep-2017 09:40
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That's history. Good chance to load up more.
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stockinvestor
Master |
08-Sep-2017 23:16
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Profit warning but it was mentioned in the 12th March announcement that they will lose $0.0096 per share upon completion of the Robin Residences deal. | ||||
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edwinjup
Supreme |
08-Sep-2017 23:07
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Profit warning.... | ||||
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stockinvestor
Master |
04-Sep-2017 13:02
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is this the same report as the one released on 30th aug or has some updates?
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paul1688
Veteran |
04-Sep-2017 12:31
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From KGI Securities, released 4 Sep 2017 Short-term catalyst from launch of its Fernvale private residential project : Sing  Holdings is expected to launch it 735-unit private residential project at Fernvale  Road in the next two quarters.  Going by the recent upturn in new property sales  transactions, we expect its upcoming launch to be able to sell well. High Park  Residences - developed by Chip Eng Seng and located just next to Sing Holding&rsquo s  project - fully sold all 1,399 units within 20 months from launch despite a weak  property market in 2015 and 2016. Upturn in property sentiments : Singapore property prices have declined for a  consecutive 15 quarters, with home prices lower by around 12% from their peak  in 2013. However, sentiments have started to improve lately, going by the  increased transactions and slower decline of property prices in the last two  quarters. Singapore developers have sold a total of more than 7,000 private  homes in the first seven months of 2017, a 50% YoY increase. Impact : We estimate Sing Holding&rsquo s RNAV to be S$0.77 following the sale of its BizTech  Centre, Robin Residences, and its private residential project at Fernvale Road  Risks : Sing Holdings does not have any more projects after its Fernvale development.  The company has diversified into the Australian hospitality business but upside  may be limited in the short-mid term in this business segment. Valuation and Action :  We recommend a BUY with a fair value of S$0.54, based on a 30% discount to its  RNAV of S$0.77. Our fair value is an implied 0.83x FY16 P/B.  Better-than-expected  selling price of its Fernvale project may provide a short-term upside  catalyst for the company. We have assumed an average selling price of S$1,000  psf compared to recent transactions around the area of $970 to 1060 psf.   |
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lifeisgood
Supreme |
04-Sep-2017 09:39
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Nowadays government is worried that more and more property developers buy land from the enbloc market, and give the Govt Land Sales a miss, so quickly raise development charges to discourage the property developers. So clever. Either way it will win.   | ||||
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lifeisgood
Supreme |
04-Sep-2017 09:34
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Thats good news.
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stockinvestor
Master |
04-Sep-2017 08:46
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FTSE has added Sing Holdings to its FTSE ST Fledgling Index.   The changes will be effective on Monday 18 September. | ||||
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lifeisgood
Supreme |
01-Sep-2017 21:13
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This stock just hold lah... Still too early to take profit. Our property market recovery will not be so short lived. Look at how high HK and China have run the last few years. 
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Daxtheman
Veteran |
01-Sep-2017 19:49
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Gained on Singholdings.
Slowly though. ASIAPHOS (Currently Trading at $0.091) Will be next as - Phosphorus demand always there due to human daily items needs - initial difficulty of mining already done, now just collect/inventorize them for sale upstream or downstream - LiFePo4 (lithium iron phosphate) in demand due to rise in electric cars etc. - Ongoing Restructuring to improve business - Good management team with founder turning around the company since the 2008 Sichuan cash - Growth evident in recent report, profitable already - IPO price was at $0.25. Currently trading $0.091. Highest was at approx $0.40 - NRA capital target price at $0.195 - Recent successful subscribed rights and warrant exercised - large volumes bought and traded by big players at $0.10 to $0.118 - Low liquidity going south. (Indicates price manipulation) - Based on study and analysis of the daily volume/market depth of counter, there are big guns looking at this already and waiting for the move (I hope my post don't deter their game plan. But in time, we all know that they have to pump it up) - 50 day Moving average vs 150 Day uptrend. DYODD and let's make some money people. Excited for this counter. Don't miss this one. Enjoy the weekends.
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explosive2013
Master |
01-Sep-2017 19:33
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Monday must buy singholding. Tks for the info. | ||||
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stockinvestor
Master |
01-Sep-2017 19:08
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Tuan Sing.   Tuan SIng' s pricing of Kandis (SEMBAWANG) at 1250psf would also affect Sing Holdings' pricing of Parc Botania.   The land cost of Kandis was the lowest priced GLS plot last year and Parc Botania was the 2nd cheapest plot last year.   Both these plots benefit the most from the sudden upturn in mass market demand coupled with the even larger upturn in developer bidding in GLS prices. Tuan Sing is a relatively larger company and the Kandis plot is small so the earnings impact on Tuan Sing is small.   For Sing Holdings, the current market cap is small and they have the lion' s share of Parc Botania (70% stake) so the impact of the positive earnings may be huge. 
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lifeisgood
Supreme |
01-Sep-2017 15:52
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Govt has just raised the development charges by a lot today. Therefore, property developers will raise prices for new condos. Good news for developers about to do a new launch. Our govt has a way to raise prices, like raise water price and all the drink stalls happily pass the higher cost to the consumers. Same thing for land price and development charges.  |
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fruitty
Senior |
01-Sep-2017 13:08
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Tuan Sing or Sing Holdings?  2 different companies.
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lifeisgood
Supreme |
01-Sep-2017 12:09
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Hello boyboy, what news?
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boyboy61
Supreme |
01-Sep-2017 10:17
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Buy on rumour, sell on news. Good luck
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stockinvestor
Master |
31-Aug-2017 16:09
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The Edge reported that Tuan Sing had previewed its smaller development, Kandis Residence last weekend at an indicative price of 1250psf last weekend.   The land cost was the cheapest GLS plot sold last year at 481psf ppr. | ||||
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stockinvestor
Master |
31-Aug-2017 12:33
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a short summary of the KGI analyst report came out in the new paper and business times today. | ||||
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lifeisgood
Supreme |
30-Aug-2017 16:49
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Possible.
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