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Tuan Sing
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PRIVATISE AT 50CENTS
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spore1
Supreme |
10-Aug-2020 11:43
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Dividend is quite little! May be price may react temporary higher due to this divestment.. | ||||
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7ocean
Master |
10-Aug-2020 11:40
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Hahahhaaaa Batam property... Look at Oxley, pollux Condo N shopping mall... all are poor selling
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Goldfinger
Supreme |
10-Aug-2020 11:01
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I thought Batam Opus was another doomed RPT but now think they had great insight in buying the Land cheap. | ||||
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Goldfinger
Supreme |
10-Aug-2020 10:55
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https://www.edgeprop.my/content/1716113/report-indonesia-relax-property-regulations-foreign-buyers | ||||
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Goldfinger
Supreme |
10-Aug-2020 10:54
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Stupid comments aside. There are now 3 things in favour for its massive Batam project 1) New Batam special econ zone status, 2) the bridge Connecting Batam with Bintan and 3) news that Jakarta May relax foreign ownership rules for property investments. | ||||
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look@bright
Elite |
10-Aug-2020 09:55
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not vested, many burned when chase 1 month back when DBS says it is under value. To be honest all properties counter are trading below market value. If it shoot up congrats to you because you deserve it for investing in TS.
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ghordofwar
Member |
10-Aug-2020 01:21
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Seems like this fella is afraid Tuan Sing will shoot up / does not want Tuan Sing to shoot up. I wonder why haha
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Goldfinger
Supreme |
09-Aug-2020 22:58
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Given that this should significantly drive down and reduce the gearing levels, debt and improve cash flows and cash fire power to withstand COVID and support dividends - its more likely than not to cross 30 cents. If DBS comes in with another research report update and higher target price (than 38 cents previously) - it will propel even more, possibly.  Let us see.   
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DeepBlue
Veteran |
09-Aug-2020 22:26
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High gearing is a common phenomenon for developers. Moreover, in a low interest environment, it is prudent to tie down loans for future growth. |
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ysh2006
Supreme |
09-Aug-2020 21:26
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This news may bring up the share price a little on Tue ... | ||||
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Goldfinger
Supreme |
09-Aug-2020 15:43
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Agree. What has been concerning is Tuan Sing' s very high gearing levels. The sale of this Robinson property will reduce debts, bring down gearing, and pump up cash holdings.  The fear of defaults will then recede very significantly.
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DeepBlue
Veteran |
09-Aug-2020 15:09
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If done, TS would have pulled off an astute piece of business to unlock value and also to reduce its holdings as title owner.   |
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Goldfinger
Supreme |
09-Aug-2020 14:56
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I have been residential property shopping for another property for my kid, and the good value well located ones are snapped up quite quite quickly.  Prices have not budged down significantly.
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1c2e3s
Veteran |
09-Aug-2020 14:52
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its really true
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look@bright
Elite |
09-Aug-2020 11:40
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Heeton also extremely under value but why their share price plung? Construction, Commercial rental and Hospitality not doing well. | ||||
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Goldfinger
Supreme |
09-Aug-2020 11:03
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Also - Covid has shown that property is far more resilient during a pandemic than other companies eg SIA and manufacturing. | ||||
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Goldfinger
Supreme |
09-Aug-2020 10:28
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Cannot compare Oxley and Tuan Sing - Oxley became a billionaire in a hurry. Tuan Sing is far more slow and steady in its asset acculmulation.  For example, the Robinson 18 and Perth and Melbourne Hyatt hotels were bought freehold many many many years ago, as far back as the 1980s for Robinson. But, one common factor is that both companies tend to be able to buy assets very cheaply and very undervalued.
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7ocean
Master |
09-Aug-2020 09:53
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Look alike oxley movement... sell property n assets to save the company
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Goldfinger
Supreme |
09-Aug-2020 09:32
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The most important message I hope Mr Market catches is that TS has a lot of undervalued assets on its books. RP is only one of the smaller ones. Should be rerated hopefully. | ||||
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kusje58
Member |
09-Aug-2020 00:54
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frankly at such a low share price, i would not mind if they sold everything and just returned the money to us. | ||||
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