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MARTIALART Member	27-Oct-2017 07:39        MARTIALART About Contact  Quote this Post!
x 0   x 0  Alert Admin	The September report has some important facts: 1. Cash flow has improved from June to Sep 2017. Despite the increase of payment to construct the Robinson Tower (about $24 million was spent this quarter), net cash generated was $12 million. 2. The report said investment properties are expected to have material fair value gain in 2017. The 2 Singapore properties (Robinson Point & Oxley) valuation in 31/12/2016 is about the same figure as in 31/12/2013. I believe their new valuation will be different. 3. The report said a material developer' s profit is to be realised in 2018. This refers to Robinson Tower. When it is completed, an estimated 10% of the total development value can be classified as profit.  4. Item 2 and item 3 will enhance the net asset value of Tuan Sing. If one will to believe price/book ratio will reverse to mean, then Tuan Sing share price has more to go.
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Goldfinger Supreme	27-Oct-2017 07:37        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can any Accountants share whether this means that potentially NTA will rise from 77cts currently to at least $1 after the revaluation of 18 Robinson?
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Goldfinger Supreme	27-Oct-2017 07:24        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks Martial Art. This is very useful. Assuming no further costs, and if the completed building can be marked to market at about $2,500-$3,000psf (and its Freehold land unlike the others in Raffles Place), for the 250,000sf GFA, then it works out to the region of $625m to $750m, meaning a market revaluation surplus of between $225m to $350m which can be booked as profits? Or 20cts-30+cts per share! This is subject to the valuation report. They better pay out a good dividend end 2018!!! MARTIALART      ( Date: 27-Oct-2017 07:13) Posted: Goldfinger Cost of Robinson Tower as at 31/12/2016 was $396,954,000. It can be broken down as follow: Land cost                                                                        $231,400,000 Development charge (change the plot ratio to 13.9)          40,015,000 Revalution                                                                          62,209,000 Development cost upto 31/12/2016 including  interest capitalised                                                              63,330,000 The land cost of $231,400,000 is based on 2012 valuation. The revaluation $62,209,000 is the accumulated figure these 4 years.  I believe total value of this piece of land is quite different now. Goldfinger      ( Date: 26-Oct-2017 21:03) Posted: Anyone knows the carrying cost of Robinson Towers? Man I love the 18 Robinson address. Also the Batam project proceeding is awesome and yet such an unknown. Its a whole township essentially in Marina City Batam. I thought they already aborted it.
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MARTIALART Member	27-Oct-2017 07:13        MARTIALART About Contact  Quote this Post!
x 0   x 0  Alert Admin	Goldfinger Cost of Robinson Tower as at 31/12/2016 was $396,954,000. It can be broken down as follow: Land cost                                                                        $231,400,000 Development charge (change the plot ratio to 13.9)          40,015,000 Revalution                                                                          62,209,000 Development cost upto 31/12/2016 including  interest capitalised                                                              63,330,000 The land cost of $231,400,000 is based on 2012 valuation. The revaluation $62,209,000 is the accumulated figure these 4 years.  I believe total value of this piece of land is quite different now. Goldfinger      ( Date: 26-Oct-2017 21:03) Posted: Anyone knows the carrying cost of Robinson Towers? Man I love the 18 Robinson address. Also the Batam project proceeding is awesome and yet such an unknown. Its a whole township essentially in Marina City Batam. I thought they already aborted it.
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Goldfinger Supreme	26-Oct-2017 22:13        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Definitely costs should be lower.  Sorry, I think I saw other Singapore based developers intending to sell units at about $50k each.  Wow, if TS follows, hope they offer discounts to their long-suffering minority shareholders.  I wouldn' t mind buying $50k  5-star retirement  resort apartments, with medical facilities, daily massages,  catered food and full resort facilitiies.  This would be cheaper than 2 room new flats in a non-mature estate. ​ I don' t trust Johor - I think they resent us to much, and I don' t blame them as their high cost of living was pushed up by Sinkies.  I feel safer usually in places like Bali and Bintan.  Think Batam has too much to lose if they don' t protect Singaoreans. Anyhow      ( Date: 26-Oct-2017 22:02) Posted: Relative to Johore, what do you think the advantage of Batam would be? Better security and stability?
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rayoflight Veteran	26-Oct-2017 22:10        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lets see how mr mkt view tmr. 44 and above was a big roadblock.
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Anyhow Member	26-Oct-2017 22:02        Anyhow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Relative to Johore, what do you think the advantage of Batam would be? Better security and stability?
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Goldfinger Supreme	26-Oct-2017 21:41        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I always thought there would be great potential from an integrated wellness beachfront retirement community close to Singapore with lower costs. Maybe Tuan Sing will execute this with its Batam land. People buying $200k retirement apartments with Low monthly upkeep fees with food etc using Indon costs? There's something to dream and hope for, yah?
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Goldfinger Supreme	26-Oct-2017 21:26        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they can make $50k per apartment selling to Sinkies cut off by the property cooling measure, for 2000 units, that's like $100m profit. 85 hectares is way bigger than Bidadari..
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Goldfinger Supreme	26-Oct-2017 21:14        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Excerpt of An article last year in BT... Tuan Sing, Habitat Properties to build Batam integrated development project WED, JUN 08, 2016 - 8:29 PM LUXURY property developer Tuan Sing on Wednesday announced a 90:10 joint venture with private Singapore developer, Habitat Properties, to develop a site in Marina City Batam, Indonesia, into an integrated mixed development township. This will comprise hotels with MICE (meetings, incentives, conferencing, exhibitions) facilities, retail, tourist facilities and attractions, and residential properties. The stake will cost Tuan Sing S$39.15 million. The consideration is based on 90 per cent of the net book value of the special purpose vehicles, adjusted by the valuation of the site at S$43.5 million. The two valuers were KJPP Sarwono, Indrastuti & Rekan and KJPP Hendra Gunawan dan Rekan. The company will pay for the cash portion of the deal with internal cash resources, and the rest in the form of three residential units at Cluny Park Residence in Singapore, valued at about S$16 million. The site is about 85 hectares, comprising four plots of land, located in Marina City, and an estimated 45-minute ferry ride from Singapore HarbourFront Centre. One of the plots overlooks the Singapore Marina skyline. The initial phase of the development is planned to comprise of a 400-room resort hotel, a 30,000 square metre retail and entertainment zone, and close to 2,000 residential apartments with recreational facilities. In future phases, Tuan Sing plans to invest in educational facilities, medical tourism and new entertainment concepts to attract visitors and investors in the region. The project is expected to launch around end 2017 or early 2018.
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Goldfinger Supreme	26-Oct-2017 21:03        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone knows the carrying cost of Robinson Towers? Man I love the 18 Robinson address. Also the Batam project proceeding is awesome and yet such an unknown. Its a whole township essentially in Marina City Batam. I thought they already aborted it.
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calvinlooi Senior	26-Oct-2017 20:38        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	" The group will now focus on two new projects - namely Kandis Residence and Remaja land - as well as the repositioning of the property at 896 Dunearn Road," Tuan Sing said in a press release. The construction of 18 Robinson has been progressing well, and is expected to be completed before end-2018 when it will provide a steady stream of income to the group. In addition, a material developer' s profit is expected to be realised in 2018."
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rayoflight Veteran	26-Oct-2017 20:13        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	I caught this &ldquo material developer profit to be realised in 2018&rdquo what exactly does this mean? results is ok especially gultech is a excellent performer this year. they didnt do much pte pty developments recently. Only in 2018, Robinsons 18 will be the major uplift
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Goldfinger Supreme	26-Oct-2017 20:07        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	You missed the important parts below. The massive Batam project seems to be proceeding as well. The material revaluation gains expected for 2017 and 2018 are positives. "The Group plans to execute the Asset Enhancement Initiative work in Perth, Australia and to launch the initial phase of the integrated township development in Batam Marina City, Indonesia in 2018. Barring unforeseen circumstances, the Group will be profitable for the year 2017. In addition, the Group?s investment properties are expected to have a material fair value gain as at 31 December 2017."" paul1688      ( Date: 26-Oct-2017 19:50) Posted: Tuan Sing&rsquo s 9M2017 Net Profit of $13.1 million Singapore, 26 October 2017 &ndash Tuan Sing reported revenue of $101.0 million in 3Q2017, an increase of 12% as compared to 3Q2016, due mainly to higher contribution from Property and Industrial Services segments. However, net profit attributable to shareholders fell 9% to $5.9 million. For 9M2017, Group revenue was $259.9 million as compared to $302.3 million in 9M2016. Net profit attributable to shareholders dropped 38% to $13.1 million from $21.1 million last year due to overall decrease in sales of residential development projects. Earnings per share stood at 0.5 cent for 3Q2017 and 1.1 cents for 9M2017, as compared to 0.5 cent and 1.8 cents respectively a year earlier. Net asset value per share was 77.7 cents at 30 September 2017, remained comparable to 31 December 2016. Property As the three development property projects, namely, Seletar Park Residence, Sennett Residence, and Cluny Park Residence had been substantially sold, revenue for the nine months period decreased 38% to $87.8 million. However, profit after tax increased to $8.0 million from $7.6 million a year ago, due mainly to liquidated damages received from a contractor for its delay in an investment development project, lower legal fees and lower net allowance for diminution in value for development properties. Hotels Investment Revenue in 9M2017 was A$83.5 million as compared to A$87.2 million last year. Net income from hotel operations reduced by 6.3% to A$16.7 million as both Grand Hyatt Melbourne and Hyatt Regency Perth registered a combined 2.9% drop in RevPAR despite higher occupancy rates. For 9M2017, profit after tax remained comparable to last year at A$3.0 million. Industrial Services For 9M2017, Industrial Services reported higher revenue of $98.7 million as compared to last year of $88.2 million. This was mainly attributable to higher activities from Commodities Trading offset partially by lower activities from Tyre Distribution. For 9M2017, Industrial Services reported a loss after tax of $0.1 million as opposed to a profit after tax of $0.9 million last year. Higher loss incurred by Tyre Distribution eroded the profits generated from Commodities Trading. Other Investment For 9M2017, GulTech reported revenue of US$215.9 million as compared to US$174.5 million last year. There was improved performance from all its three plants. As a result, GulTech reported an increase in net profit attributable to shareholders of US$19.2 million for 9M2017. This translated into an increase in the Group&rsquo s share of net profit (excluding fair value loss) of $12.0 million. Outlook The Group will now focus on two new projects namely Kandis Residence and Remaja land as well as the repositioning of the property at 896 Dunearn Road. The construction of 18 Robinson has been progressing well and is expected to be completed before the end 2018 when it will provide a steady stream of income to the Group. In addition, a material developer&rsquo s profit is expected to be realised in 2018.  Given the optimistic outlook of the property market, the management has decided to review its marketing and pricing strategy. We will also continue to explore acquisitions when opportunities arise.
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paul1688 Veteran	26-Oct-2017 19:50        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tuan Sing&rsquo s 9M2017 Net Profit of $13.1 million Singapore, 26 October 2017 &ndash Tuan Sing reported revenue of $101.0 million in 3Q2017, an increase of 12% as compared to 3Q2016, due mainly to higher contribution from Property and Industrial Services segments. However, net profit attributable to shareholders fell 9% to $5.9 million. For 9M2017, Group revenue was $259.9 million as compared to $302.3 million in 9M2016. Net profit attributable to shareholders dropped 38% to $13.1 million from $21.1 million last year due to overall decrease in sales of residential development projects. Earnings per share stood at 0.5 cent for 3Q2017 and 1.1 cents for 9M2017, as compared to 0.5 cent and 1.8 cents respectively a year earlier. Net asset value per share was 77.7 cents at 30 September 2017, remained comparable to 31 December 2016. Property As the three development property projects, namely, Seletar Park Residence, Sennett Residence, and Cluny Park Residence had been substantially sold, revenue for the nine months period decreased 38% to $87.8 million. However, profit after tax increased to $8.0 million from $7.6 million a year ago, due mainly to liquidated damages received from a contractor for its delay in an investment development project, lower legal fees and lower net allowance for diminution in value for development properties. Hotels Investment Revenue in 9M2017 was A$83.5 million as compared to A$87.2 million last year. Net income from hotel operations reduced by 6.3% to A$16.7 million as both Grand Hyatt Melbourne and Hyatt Regency Perth registered a combined 2.9% drop in RevPAR despite higher occupancy rates. For 9M2017, profit after tax remained comparable to last year at A$3.0 million. Industrial Services For 9M2017, Industrial Services reported higher revenue of $98.7 million as compared to last year of $88.2 million. This was mainly attributable to higher activities from Commodities Trading offset partially by lower activities from Tyre Distribution. For 9M2017, Industrial Services reported a loss after tax of $0.1 million as opposed to a profit after tax of $0.9 million last year. Higher loss incurred by Tyre Distribution eroded the profits generated from Commodities Trading. Other Investment For 9M2017, GulTech reported revenue of US$215.9 million as compared to US$174.5 million last year. There was improved performance from all its three plants. As a result, GulTech reported an increase in net profit attributable to shareholders of US$19.2 million for 9M2017. This translated into an increase in the Group&rsquo s share of net profit (excluding fair value loss) of $12.0 million. Outlook The Group will now focus on two new projects namely Kandis Residence and Remaja land as well as the repositioning of the property at 896 Dunearn Road. The construction of 18 Robinson has been progressing well and is expected to be completed before the end 2018 when it will provide a steady stream of income to the Group. In addition, a material developer&rsquo s profit is expected to be realised in 2018.  Given the optimistic outlook of the property market, the management has decided to review its marketing and pricing strategy. We will also continue to explore acquisitions when opportunities arise.
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rayoflight Veteran	25-Oct-2017 13:52        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	High traffic @ 435 Hope its a good prelude to tmr results.
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rayoflight Veteran	24-Oct-2017 13:07        rayoflight About Contact  Quote this Post!
x 1   x 0  Alert Admin	Dont care just hold
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phil1314 Senior	24-Oct-2017 11:39        phil1314 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think REITs more likely than privatisation as company is highly geared and needs public funding Goldfinger      ( Date: 19-Oct-2017 15:26) Posted: Well, at least we know from the recent DBS report highlighting TS as an industry " outperformer" that its on their radar at least.  Frankly, I' m not keen on this being a rocket ship but keener to see this gradually rise to its NTA of about 77-80cents by the time Robinson Towers is completed in 2H 2018.  I would be very upset if there is any privatisation at a bargain basement price below 50cents etc. rayoflight      ( Date: 19-Oct-2017 14:22) Posted: DBS upgrades CES. So far i didn' t see any analysts report on Tuan Sing yet which is quite sad
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phil1314 Senior	24-Oct-2017 11:32        phil1314 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sometimes I get worried when Straits Times start mentioning as fund managers start dumping Goldfinger      ( Date: 23-Oct-2017 08:32) Posted: Straits Times column today said Tuan Sing is on traders' radar - wonder what that means?  Good or bad?  Anyway, hopefully, the good tree will yield good fruit soon, and that Q3 results this week will bring forth some good news.  I hope to see dividends of 1 cent per  year at least, once Robinson Towers is completed (not too greedy).  Now still quite stingy with their dividends.  Congrats to all vested.
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Goldfinger Supreme	24-Oct-2017 10:35        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow Ah Sing TOP 10 volume today
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