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Goldfinger Supreme	29-Nov-2017 14:43        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Didn?t you realise there was a lot of possible scooping the past few days? Methinks Price was pushed down, possibly to accumulate.. calvinlooi      ( Date: 29-Nov-2017 14:30) Posted: Just to discuss, I think the volume is fake one? I think is own self to own self. That sell q had been there since very long time already...
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Stanton Veteran	29-Nov-2017 14:38        Stanton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please try again, I don't need login to access https://research.uobkayhian.com/content_download.jsp?id=42954&h=3461d99a30c72933c66cac4f1c02bd14 Goldfinger      ( Date: 29-Nov-2017 14:25) Posted: Can?t access as need log in. Stanton      ( Date: 29-Nov-2017 14:04) Posted: Those interested to read the full report can go to this link. https://research.uobkayhian.com/content_download.jsp?id=42954&h=3461d99a30c72933c66cac4f1c02bd14
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calvinlooi Senior	29-Nov-2017 14:30        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just to discuss, I think the volume is fake one? I think is own self to own self. That sell q had been there since very long time already...
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Goldfinger Supreme	29-Nov-2017 14:25        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can?t access as need log in. Stanton      ( Date: 29-Nov-2017 14:04) Posted: Those interested to read the full report can go to this link. https://research.uobkayhian.com/content_download.jsp?id=42954&h=3461d99a30c72933c66cac4f1c02bd14
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Stanton Veteran	29-Nov-2017 14:04        Stanton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those interested to read the full report can go to this link. https://research.uobkayhian.com/content_download.jsp?id=42954&h=3461d99a30c72933c66cac4f1c02bd14
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vivivava Veteran	29-Nov-2017 13:22        vivivava About Contact  Quote this Post!
x 0   x 0  Alert Admin	div yield only 1.54% ...debt level also quite high  ...debt to equity 1.2
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Goldfinger Supreme	29-Nov-2017 11:36        Goldfinger About Contact  Quote this Post!
x 1   x 0  Alert Admin	Well - we all knew that stock Analysts were beginning to start covering this. So - the big TS rally has only just begun. SmallSmall      ( Date: 29-Nov-2017 09:40) Posted: BUY (Initiate Coverage) Share Price S$0.415 Target Price S$0.71 Upside +71.9 By UOB Kay Hian
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Foo2019 Member	29-Nov-2017 10:25        Foo2019 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thank you sunview      ( Date: 29-Nov-2017 10:24) Posted: Ride The Property Market With Prime Assets At Fire-sale Prices Reputable developer TSH offers a unique opportunity to ride the property upcycle with an enviable S$2.3b property portfolio, which includes prime Singapore freehold properties and key Australia hotel assets, at fire-sale prices. We see RNAV expansion and yield pick-up with redevelopment of 18 Robinson completed and sale/monetization of non-core assets and property inventory unlocking value. Initiate coverage at BUY and SOTP-based target price of S$0.71. INVESTMENT HIGHLIGHTS ?h Initiate coverage with a BUY and SOTP-based target price of S$0.71, offering 71.9% upside. We conservatively estimate our RNAV at S$1.07/share, with S$263.8m, S$1,613.9m and S$414.5m of development, investment and hotel properties respectively and zero value on two non-profitable subsidiaries. At current prices, property developer Tuan Sing Holdings (TSH) is trading at fire-sale levels of 61.2% discount to RNAV and 52% of book value. ?h Reputable property developer with multiple awards on corporate governance, architecture and hospitality. Listed in 1973, TSH is reputable property developer who has won multiple awards on corporate governance and transparency (Top 1.1% on 2016 Singapore Governance & Transparency Index, Most Transparent Company Award for Mainboard Small Caps SIAS 2016) as well as architecture and hospitality. ?h Enviable S$2.3b property portfolio. TSH boasts a property portfolio worth about S$2.3b including Singapore properties in prime districts in Singapore such as Robinsons Road/Upper Bukit Timah. On top of that, TSH has a portfolio of prime freehold hospitality assets in Melbourne and Perth, Australia. ?h Riding property upcycle at fire-sale prices. With en-bloc fever marking the beginning of Singapore&rsquo s property market upcycle and onset of a recovery in Grade A office rental as pipeline supply eases significantly, TSH is well positioned and offers investors an unique opportunity to ride the property upcycle at fire-sale prices. ?h Completion of 18 Robinson redevelopment in 2H18 to see book value gain and yield pick-up Sime Darby to offer redevelopment potential. In 2H18, redevelopment of 18 Robinson is expected to be completed. On top of revaluation gain, this could add a stable stream of S$19.8m in annual rental income which could result in a pick-up in current yield. Going forward, Sime Darby Centre offers further redevelopment potential as the area gears towards being a healthcare medical hub. ?h Disposal of non-core assets and property inventory should unlock value in excess of S$149.5m. TSH owns a 44.5% stake in Gul Technologies (which focuses on in-demand rigid-flex PCBs, generating US$22.2m in net profit in 2016) and 80.2% stake in SGX-listed SP Corporation. Management has indicated their openness to a disposal of non-core assets which could unlock gains of up to S$116.7m. TSH could also see further S$32.8m gains from the sale of its property inventory. ?h Fragrance CEO&rsquo s highest purchase price at S$0.455/share. Hotelier and property magnate Mr Koh Wee Meng, founder and CEO of Fragrance Group, purchased a total of 69,457,000 shares of TSH in the open market to bring his direct interest in the company to 5.905%. His highest purchase price of TSH was at S$0.455/share. Given Mr Koh&rsquo s respectable background in the hotel and property markets, investors should ascribe significant value to TSH at current levels.   Foo2019      ( Date: 29-Nov-2017 10:13) Posted: Is there a link that you can share with us? Thank
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sunview Veteran	29-Nov-2017 10:24        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ride The Property Market With Prime Assets At Fire-sale Prices Reputable developer TSH offers a unique opportunity to ride the property upcycle with an enviable S$2.3b property portfolio, which includes prime Singapore freehold properties and key Australia hotel assets, at fire-sale prices. We see RNAV expansion and yield pick-up with redevelopment of 18 Robinson completed and sale/monetization of non-core assets and property inventory unlocking value. Initiate coverage at BUY and SOTP-based target price of S$0.71. INVESTMENT HIGHLIGHTS ?h Initiate coverage with a BUY and SOTP-based target price of S$0.71, offering 71.9% upside. We conservatively estimate our RNAV at S$1.07/share, with S$263.8m, S$1,613.9m and S$414.5m of development, investment and hotel properties respectively and zero value on two non-profitable subsidiaries. At current prices, property developer Tuan Sing Holdings (TSH) is trading at fire-sale levels of 61.2% discount to RNAV and 52% of book value. ?h Reputable property developer with multiple awards on corporate governance, architecture and hospitality. Listed in 1973, TSH is reputable property developer who has won multiple awards on corporate governance and transparency (Top 1.1% on 2016 Singapore Governance & Transparency Index, Most Transparent Company Award for Mainboard Small Caps SIAS 2016) as well as architecture and hospitality. ?h Enviable S$2.3b property portfolio. TSH boasts a property portfolio worth about S$2.3b including Singapore properties in prime districts in Singapore such as Robinsons Road/Upper Bukit Timah. On top of that, TSH has a portfolio of prime freehold hospitality assets in Melbourne and Perth, Australia. ?h Riding property upcycle at fire-sale prices. With en-bloc fever marking the beginning of Singapore&rsquo s property market upcycle and onset of a recovery in Grade A office rental as pipeline supply eases significantly, TSH is well positioned and offers investors an unique opportunity to ride the property upcycle at fire-sale prices. ?h Completion of 18 Robinson redevelopment in 2H18 to see book value gain and yield pick-up Sime Darby to offer redevelopment potential. In 2H18, redevelopment of 18 Robinson is expected to be completed. On top of revaluation gain, this could add a stable stream of S$19.8m in annual rental income which could result in a pick-up in current yield. Going forward, Sime Darby Centre offers further redevelopment potential as the area gears towards being a healthcare medical hub. ?h Disposal of non-core assets and property inventory should unlock value in excess of S$149.5m. TSH owns a 44.5% stake in Gul Technologies (which focuses on in-demand rigid-flex PCBs, generating US$22.2m in net profit in 2016) and 80.2% stake in SGX-listed SP Corporation. Management has indicated their openness to a disposal of non-core assets which could unlock gains of up to S$116.7m. TSH could also see further S$32.8m gains from the sale of its property inventory. ?h Fragrance CEO&rsquo s highest purchase price at S$0.455/share. Hotelier and property magnate Mr Koh Wee Meng, founder and CEO of Fragrance Group, purchased a total of 69,457,000 shares of TSH in the open market to bring his direct interest in the company to 5.905%. His highest purchase price of TSH was at S$0.455/share. Given Mr Koh&rsquo s respectable background in the hotel and property markets, investors should ascribe significant value to TSH at current levels.   Foo2019      ( Date: 29-Nov-2017 10:13) Posted: Is there a link that you can share with us? Thanks SmallSmall      ( Date: 29-Nov-2017 09:40) Posted: BUY (Initiate Coverage) Share Price S$0.415 Target Price S$0.71 Upside +71.9 By UOB Kay Hian
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Foo2019 Member	29-Nov-2017 10:13        Foo2019 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is there a link that you can share with us? Thanks SmallSmall      ( Date: 29-Nov-2017 09:40) Posted: BUY (Initiate Coverage) Share Price S$0.415 Target Price S$0.71 Upside +71.9 By UOB Kay Hian
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SmallSmall Supreme	29-Nov-2017 09:40        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	BUY (Initiate Coverage) Share Price S$0.415 Target Price S$0.71 Upside +71.9 By UOB Kay Hian
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paul1688 Veteran	15-Nov-2017 19:39        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Depends on whether you are buying a investor or trader. If you are trader, trying to read short term price movement has never been easy even for the so called seasoned golden stock buyers. If you are an investor and you believe you got your investment case for Tuan Sing correct, then just keep storage until fundamentals kick in (never fall in love with a stock forever). I doubt KWM is losing sleep or regreting over his purchase of TS.  rayoflight      ( Date: 15-Nov-2017 18:54) Posted: Very sad In 2014 when koh wee meng bought in @0.43 to become a ssh P/nav was 0.7x 0.43/0.6x Now NAV increased to 0.777 yet share price still remained at 0.42 and P/NAV is a measly 0.55x What is missing here?
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Goldfinger Supreme	15-Nov-2017 19:18        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just wait - next year will be the golden year for Tuan Sing, I believe.  I wouldn' t be so silly to sell now at these prices, when the completion of 18 Robinson and other initiatives on the residential and hotel developments, will bring much cheer. rayoflight      ( Date: 15-Nov-2017 18:54) Posted: Very sad In 2014 when koh wee meng bought in @0.43 to become a ssh P/nav was 0.7x 0.43/0.6x Now NAV increased to 0.777 yet share price still remained at 0.42 and P/NAV is a measly 0.55x What is missing here?
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rayoflight Veteran	15-Nov-2017 18:54        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very sad In 2014 when koh wee meng bought in @0.43 to become a ssh P/nav was 0.7x 0.43/0.6x Now NAV increased to 0.777 yet share price still remained at 0.42 and P/NAV is a measly 0.55x What is missing here?
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rayoflight Veteran	14-Nov-2017 16:08        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yet again.. back to 420/425 For 1 mth..same pattern
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rayoflight Veteran	13-Nov-2017 09:08        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sellers queue significantly reduced...
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rayoflight Veteran	10-Nov-2017 13:53        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	430 1 mil shares went poof in 1 minute
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Anyhow Member	10-Nov-2017 13:46        Anyhow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vested but I doubt there is any catalyst coming soon. Waiting for robinson tower next yr as the next major catalyst. Going to average down if it dips as i was got in at a relatively high price
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rayoflight Veteran	10-Nov-2017 13:42        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wait n wait I smell something big coming
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rayoflight Veteran	08-Nov-2017 15:04        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the update! Goldfinger      ( Date: 08-Nov-2017 11:47) Posted: Just passed 18 Robinson/Robinson Towers, and I think they are now built up to the 25th/26th floor.  So its quite within reach to complete the entire building structure with 28 floors  by end 2017.  Looks like Q3 2018 completion of 18 Robinson is now within reach, and rental revenues can commence.  A very memorable day once it opens - and I shall go down to the opening, as a proud minority.  Yeah.
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