Latest Forum Topics /
Tuan Sing
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PRIVATISE AT 50CENTS
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wehuattogether88
Supreme |
25-Jun-2021 09:45
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Very quiet today, accumulation in progress.  | ||||
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Porken
Member |
25-Jun-2021 09:37
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Short vol. for 24 Jun 2021  2,403,400
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sncm3425
Senior |
25-Jun-2021 09:35
Yells: "Greed is foolish" |
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When is the China IPO?
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investshare
Supreme |
25-Jun-2021 08:58
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Did not buy enough, even rise to 0.80, only make few thousand dollars.. | ||||
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Goldfinger
Supreme |
24-Jun-2021 23:13
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Better that it rises in a sustainable 1-2 cents per day, as it trends up towards the potential China IPO.  Once there is confirmation of listing approval and the exchange, it will boomz again.  I am looking for the 70-80 cents range at least.  Not too greedy.
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easywin
Supreme |
24-Jun-2021 17:14
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Tomorrow above 60cts liow. | ||||
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giftedmind
Senior |
24-Jun-2021 16:49
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very curious to know what is the short volume today???? | ||||
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wehuattogether88
Supreme |
24-Jun-2021 16:33
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I think the price of Tuan Sing will be sticky as it will try to hold on to the gains and await its next quarter results and of course the China Gultech IPO.  | ||||
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Goldfinger
Supreme |
24-Jun-2021 16:25
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Yes, it may drop - but most importanly, ST has now given greater publicity to Tuan Sing, and now a lot of people are aware of its potential and the headline topic is fabulous!!! Major IPO - it will be stuck in investors minds for a long time.
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Stocksguru
Master |
24-Jun-2021 16:15
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415Pm now let the shortist do the magic. | ||||
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QueenMaya
Senior |
24-Jun-2021 15:40
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Yes agree with you completely those counters came off but also noticed others like Hour Glass and HLN continued powering up.  All the best stay safe.     
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superstartup
Supreme |
24-Jun-2021 15:33
Yells: "Enjoy doing Fundamental Research" |
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For clarity, my earlier posting meant to say only 1 day play. Thereafter the price will drop back. See Hong Fok and OUE trading pattern. For all the 3 counters including Tuan Sin, you can see that few days before the news article was published, there are " pre-loading" of shares. Such an " coincident" . So not surprise price will drop back thereafter.  
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QueenMaya
Senior |
24-Jun-2021 15:33
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Stories on Hong Fok and OUE also very powerful and spot on in terms of undervalue but company came out with SGX announcement that caused the price to go down.   
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QueenMaya
Senior |
24-Jun-2021 15:25
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Yes agree he very spot on.  He is a veteran with the company been writing very good stories for a long time liao.  Followed him since the 2000s.  Better than most analyst.   
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wehuattogether88
Supreme |
24-Jun-2021 14:12
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Extracted from today' s ST:(for your reference)     SINGAPORE - The Singapore Exchange is full of companies that are unappreciated, under-researched and undervalued, including property player Tuan Sing Holdings. Despite decent results, strong management and a ground-breaking deal in China, the stock trades at half its net tangible asset (NTA) value. The mainboard-listed firm posted an 80 per cent surge in net profit to $60 million for the year ended Dec 31 last year. And this number will surge to $180 million this year, thanks to a gain of $160 million from the $500 million sale of its Robinson Point property. The sale will boost Tuan Sing' s NTA per share from 93 cents now to $1.04. Other property projects such as Peak Residence, Opus Bay, Kandis Residence and Mont Botanik will also contribute to the bottom line in the coming years. Meanwhile, work is in progress on Tuan Sing' s Batam Marina City, an 85ha integrated mixed development. It also gets recurrent income from rentals at 18 Robinson and Link@896, while it controls Grand Hyatt Melbourne and Hyatt Regency Perth in Australia. Yes, this company could do with some love: At its last closing at 47.5 cents, the stock is trading at half its NTA. But all this could change, and soon. Here' s why. On May 2, Tuan Sing announced the sale of a 13 per cent stake in its 44.5 per cent owned China-based printed circuit board maker Gul Technologies Jiangsu (GulTech Jiangsu). The transaction price of 435 million yuan (S$90.3 million) implies a valuation of about 3.35 billion yuan for GulTech Jiangsu. Gul Technologies was a Singapore-listed company controlled by Tuan Sing. It was delisted in 2012 at 16.2 cents. Since then, its China operations have gone gangbusters, chalking up average earnings growth of about 18 per cent a year over the past five years. Last year, GulTech Jiangsu reported net profit of about US$42.6 million (S$57.3 million). Tuan Sing chief executive William Liem told The Straits Times that proceeds from the completion of 39 Robinson Road and the partial divestment of the GulTech stake will strengthen his company' s balance sheet through an increase in cash holdings while reducing its gearing level. But there is a lot more to this story. The two buyers of the GulTech Jiangsu stake - private equity groups Yonghua Capital and Wens Capital - are investors with proven track records in the pre-initial public offering (IPO) space. Yonghua Capital is part of the Yongjin Group, which has nearly 400 billion yuan in assets under management. Wens Capital is the investment arm of Shenzhen-listed livestock and poultry farming company Wens Foodstuffs Group, and has a huge portfolio, which includes early-stage, growth and pre-IPO companies. Having bought into GulTech Jiangsu, they plan to lead the company to a listing within 24 months. Bear in mind, Tuan Sing still controls a third of GulTech Jiangsu. So an IPO in China has the potential to hugely boost the value of the Singapore-listed property player. DBS Group Research is the only finance house that covers Tuan Sing. It noted on May 5 that the potential IPO of GulTech could double Tuan Sing' s market cap. It estimates a $700 million valuation for GulTech, based on 11 times 2021 financial year forward price-earnings (PE) multiple. " GulTech' s peers in China are trading at a higher historical PE of between 20 times and 43 times (averaging about 29 times). Assuming a conservative PE of 22 times, GulTech would be worth $1.3 billion and Tuan Sing' s remaining stake (after the divestment above) would be worth about $486 million versus Tuan Sing' s current market cap of about $480 million." Tuan Sing' s market cap, as of now, is about $546 million. Assuming an additional $486 million from the GulTech Jiangsu IPO would lift that to $1.032 billion. This places Tuan Sing' s share price in the region of 87 cents - a whopping 90 per cent upside from current levels. Other market insiders are even more bullish. One analyst who does internal monitoring of Tuan Sing calculates that a successful IPO of GulTech Jiangsu would add 53 cents to Tuan Sing' s valuation. If so, Tuan Sing' s intrinsic value should be in the region of $1.46 per share. Even applying a 40 per cent discount to net asset value - a common yardstick for Singapore property companies - the reckoning is that Tuan Sing should settle at about 80 to 90 cents. Such a significant boost to NTA could be a major catalyst for a re-rating of the stock. The reason is simple. Unlike other family-controlled property companies like Hong Fok (which I wrote about recently), Tuan Sing has a relatively large free float of around 49 per cent. In short, this deal could be a huge wake-up call for a sleepy stock. The question, really, is how the company will unlock this shareholder value. Mr Liem, as part of the younger generation of the family to take the helm, appears to be more in tune with the market. " Tuan Sing is an undervalued company," he told ST. " In the hospitality sector, our two hotels in Melbourne and Perth are recovering/benefiting from domestic travel and travel bubbles. " In addition, as we reposition the company from a niche developer to a major regional player with a presence in commercial, residential and hospitality properties, we continue to expand our presence in growth countries such as China, Australia and Indonesia, and develop our existing pipeline projects in the region." Then there is GulTech Jiangsu! https://www.straitstimes.com/business/companies-markets/undervalued-tu... |
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easywin
Supreme |
24-Jun-2021 14:02
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contra players bought this morning profit taking now that why price stagnant, after this more to come. | ||||
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LouisaL
Member |
24-Jun-2021 13:59
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https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-sees-good-value-in-tuan-sing-raises-target-price   |
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easywin
Supreme |
24-Jun-2021 13:20
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Shortists very smart they dun short blindly.  | ||||
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wehuattogether88
Supreme |
24-Jun-2021 12:21
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More to come for Tuan Sing as the share price was suppressed for way too long. Now is the time to super spring up. I agreed that those that shorted will be in trouble later. | ||||
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yamseng
Supreme |
24-Jun-2021 12:02
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wow half time  closed at day high 54 cents  |
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