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Latest Forum Topics / Tuan Sing    Last:0.315    -0.005  Post Reply
PRIVATISE AT 50CENTS
Stanton
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08-Aug-2020 16:16     
 
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 Alert Admin 		TS is among the most undervalued property counter, last traded at one third it?s NAV and obviously even cheaper if we use RNAV. My view is that this sale is a fantastic deal given the high premiums over the valuation. OUE had to sell its iconic US Bank Tower at US$430 million and suffer a loss of US$220 million over its gai value of US$650 million.

This $500 million will bring valuable cash in reducing the debt of TS and provide future developments. Hopefully this is the beginning of unlocking shareholders value with sale of its non property related business in the pipeline.
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Goldfinger
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08-Aug-2020 15:16     
 
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 Alert Admin 		Mr Market may also speculate what is the real RNAV of the Crown Jewel Robinson 18, and whether Tuan Sing is looking to divest of this property as well.  If the aging and old Robinson Point is worth $2,900 psf, what would be the real value of the larger and spanking new Robinson 18?
Ordinarily, I would think it would not make sense to sell prime commercial real estate without a premium valuation, and freehold in the heart of the CBD. But, given COVID, that commercial properties may lose their favour due to WFH, and the companies high gearing levels - this may be seen to be a wonderful development by Mr Market.
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Joelton
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08-Aug-2020 15:01     
 
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 Alert Admin
Tuan Sing to sell Robinson Point for $500 million
Tuan Sing Holdings will be selling its 39 Robinson Road office property for $500 million. Robinson Point, as this property is called, was last valued by Colliers International Consultancy & Valuation (Singapore) at $374.4 million.
Tuan Sing can expect to book a gain of $128.3 million upon completion of the sale.
 
The 21-storey freehold property (seen here in a 2010 picture) has a gross floor area of 15,700 sqm and includes some retail and parking space as well. Significant refurbishment works were completed in 2015.
Tuan Sing bought the property back in 2013 for $348.9 million.
 
The identity of the buyer isn&rsquo t disclosed by Tuan Sing, except that it is a British Virgin Islands-incorporated investment holding company and bears no relation to Tuan Sing.
 
&ldquo The proposed divestment of Robinson Point is in line with our strategy of active capital recycling and highlights the continued strong demand for quality commercial spaces in Singapore amid the ongoing Covid-19 pandemic,&rdquo said William Liem, Tuan Sing&rsquo s CEO.
 
&ldquo With this divestment, the Group will be well positioned to make new strategic acquisitions in Singapore and across the region whenever opportunities arise. This will allow the Group to continue pushing ahead in its transformation journey into a regional real estate player,&rdquo he added.
 
Upon completion of the transaction, Tuan Sing&rsquo s net tangible asset per share would have increased to 103.7 cents. As at Dec 31 2019, its NTA was 92.9 cents per share.
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Goldfinger
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08-Aug-2020 14:38     
 
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 Alert Admin 		So are you an existing shortist?

look@bright      ( Date: 08-Aug-2020 12:10) Posted:

easy traget for shorties next week once gap up 30c
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Goldfinger
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08-Aug-2020 14:37     
 
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 Alert Admin 		Are you sure you understand valuations? The NAV is 1.03 and RNAV likely to be much much higher. The Robinson Point lower valuation factors into NAV and not RNAV. The higher than valuation sales price reflects RNAV.

look@bright      ( Date: 08-Aug-2020 13:58) Posted:

  If It hit 30c is already overvalue at current market condition. 

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AttasBoss
Elite
08-Aug-2020 14:02     
 
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 Alert Admin 		128mil gain translate to $0.10 per share. Congrats to those still holding
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look@bright
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08-Aug-2020 13:58     
 
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 Alert Admin 		  If It hit 30c is already overvalue at current market condition. 
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tritonyeah666
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08-Aug-2020 13:16     
 
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 Alert Admin 		Definitely gap up post lifting of trading halt to at least 0.32 on tuesday.
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Stanton
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08-Aug-2020 13:15     
 
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 Alert Admin 		Many possible reasons, eg:
1. Buyer only interested in this building not the rest of TS business.
2. GO not possible if Liem family unwilling to sell and they won?t hive away TS at this price.

investshare      ( Date: 08-Aug-2020 09:21) Posted:

Tuan Sing market cap $330m, sell this building got $500m? Why the buyer don?t just buy the whole company?
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look@bright
Elite
08-Aug-2020 12:10     
 
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 Alert Admin 		easy traget for shorties next week once gap up 30c
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investshare
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08-Aug-2020 11:19     
 
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 Alert Admin 		No, debt can continue to debt.
$500m means about 50% premium to current share price. High chance a successful takeover.

tritonyeah666      ( Date: 08-Aug-2020 11:05) Posted:

market cap 330m but enterprise value is 1.8 billion. To buy the whole company, you will need to pay enterprise value no?
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tritonyeah666
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08-Aug-2020 11:05     
 
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 Alert Admin 		market cap 330m but enterprise value is 1.8 billion. To buy the whole company, you will need to pay enterprise value no?
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Goldfinger
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08-Aug-2020 10:28     
 
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 Alert Admin 		God point. Maybe they do not want the debts.

investshare      ( Date: 08-Aug-2020 09:21) Posted:

Tuan Sing market cap $330m, sell this building got $500m? Why the buyer don?t just buy the whole company?
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investshare
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08-Aug-2020 09:21     
 
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 Alert Admin 		Tuan Sing market cap $330m, sell this building got $500m? Why the buyer don?t just buy the whole company?
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look@bright
Elite
08-Aug-2020 09:17     
 
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 Alert Admin 		So sell on news next tuesday? many who chase this so call " undervalue baby" last month and struck at 30c range can pass them to new holders then Shorties will come in after that and bring it back down?
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Goldfinger
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08-Aug-2020 06:30     
 
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 Alert Admin 		Please read the other release detailed document of the transaction .

ysh2006      ( Date: 08-Aug-2020 06:03) Posted:

The announcement did not say sold already....ask investors becareful may not go through successfully ...

look@bright      ( Date: 07-Aug-2020 23:48) Posted:

Buyer is BVI company. Ownself buy to push price up lah
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ysh2006
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08-Aug-2020 06:03     
 
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 Alert Admin 		The announcement did not say sold already....ask investors becareful may not go through successfully ...

look@bright      ( Date: 07-Aug-2020 23:48) Posted:

Buyer is BVI company. Ownself buy to push price up lah.

tritonyeah666      ( Date: 07-Aug-2020 23:41) Posted:

Tuan Sing Holdings will be selling its 39 Robinson Road office property for $500 million. Robinson Point, as this property is called, was last valued by Colliers International Consultancy & Valuation (Singapore) at $374.4 million.
Tuan Sing can expect to book a gain of $128.3 million upon completion of the sale.
The 21-storey freehold property (seen here in a 2010 picture) has a gross floor area of 15,700 sqm and includes some retail and parking space as well. Significant refurbishment works were completed in 2015.
Tuan Sing bought the property back in 2013 for $348.9 million.
The identity of the buyer isn&rsquo t disclosed by Tuan Sing, except that it is a British Virgin Islands-incorporated investment holding company and bears no relation to Tuan Sing.
&ldquo The proposed divestment of Robinson Point is in line with our strategy of active capital recycling and highlights the continued strong demand for quality commercial spaces in Singapore amid the ongoing Covid-19 pandemic,&rdquo said William Liem, Tuan Sing&rsquo s CEO.
&ldquo With this divestment, the Group will be well positioned to make new strategic acquisitions in Singapore and across the region whenever opportunities arise. This will allow the Group to continue pushing ahead in its transformation journey into a regional real estate player,&rdquo he added.
Upon completion of the transaction, Tuan Sing&rsquo s net tangible asset per share would have increased to 103.7 cents. As at Dec 31 2019, its NTA was 92.9 cents per share.
Tuan Sing closed Aug 7 at 28 cents.
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look@bright
Elite
07-Aug-2020 23:48     
 
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 Alert Admin 		Buyer is BVI company. Ownself buy to push price up lah.

tritonyeah666      ( Date: 07-Aug-2020 23:41) Posted:

Tuan Sing Holdings will be selling its 39 Robinson Road office property for $500 million. Robinson Point, as this property is called, was last valued by Colliers International Consultancy & Valuation (Singapore) at $374.4 million.
Tuan Sing can expect to book a gain of $128.3 million upon completion of the sale.
The 21-storey freehold property (seen here in a 2010 picture) has a gross floor area of 15,700 sqm and includes some retail and parking space as well. Significant refurbishment works were completed in 2015.
Tuan Sing bought the property back in 2013 for $348.9 million.
The identity of the buyer isn&rsquo t disclosed by Tuan Sing, except that it is a British Virgin Islands-incorporated investment holding company and bears no relation to Tuan Sing.
&ldquo The proposed divestment of Robinson Point is in line with our strategy of active capital recycling and highlights the continued strong demand for quality commercial spaces in Singapore amid the ongoing Covid-19 pandemic,&rdquo said William Liem, Tuan Sing&rsquo s CEO.
&ldquo With this divestment, the Group will be well positioned to make new strategic acquisitions in Singapore and across the region whenever opportunities arise. This will allow the Group to continue pushing ahead in its transformation journey into a regional real estate player,&rdquo he added.
Upon completion of the transaction, Tuan Sing&rsquo s net tangible asset per share would have increased to 103.7 cents. As at Dec 31 2019, its NTA was 92.9 cents per share.
Tuan Sing closed Aug 7 at 28 cents.
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tritonyeah666
Elite
07-Aug-2020 23:41     
 
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 Alert Admin 		Tuan Sing Holdings will be selling its 39 Robinson Road office property for $500 million. Robinson Point, as this property is called, was last valued by Colliers International Consultancy & Valuation (Singapore) at $374.4 million.
Tuan Sing can expect to book a gain of $128.3 million upon completion of the sale.
The 21-storey freehold property (seen here in a 2010 picture) has a gross floor area of 15,700 sqm and includes some retail and parking space as well. Significant refurbishment works were completed in 2015.
Tuan Sing bought the property back in 2013 for $348.9 million.
The identity of the buyer isn&rsquo t disclosed by Tuan Sing, except that it is a British Virgin Islands-incorporated investment holding company and bears no relation to Tuan Sing.
&ldquo The proposed divestment of Robinson Point is in line with our strategy of active capital recycling and highlights the continued strong demand for quality commercial spaces in Singapore amid the ongoing Covid-19 pandemic,&rdquo said William Liem, Tuan Sing&rsquo s CEO.
&ldquo With this divestment, the Group will be well positioned to make new strategic acquisitions in Singapore and across the region whenever opportunities arise. This will allow the Group to continue pushing ahead in its transformation journey into a regional real estate player,&rdquo he added.
Upon completion of the transaction, Tuan Sing&rsquo s net tangible asset per share would have increased to 103.7 cents. As at Dec 31 2019, its NTA was 92.9 cents per share.
Tuan Sing closed Aug 7 at 28 cents.
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tritonyeah666
Elite
07-Aug-2020 23:39     
 
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 Alert Admin 		https://www.theedgesingapore.com/news/property/tuan-sing-sell-robinson-point-500-million
 
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