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Tuan Sing
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Tuan Sing Soaring Beyond $1
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tangsookiam1947
Master |
14-May-2025 18:49
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Frasers Property offers 71 cents per unit to privatise Frasers Hospitality Trust The Edge Singapore &ndash Wed, May 14, 2025 &bull 11:48 AM GMT+08 Frasers Property offers 71 cents per unit to privatise Frasers Hospitality Trust Frasers Property is making a second attempt to privatise Frasers Hospitality Trust by offering 71 cents per stapled security via a scheme of arrangement. Frasers Property, the sponsor, tried to privatise FHT back in September 2022 at 70 cents per stapled security but was voted down by shareholders by a narrow margin. The offer price of 71 cents implies 1.11 times P/NAV, which beats the implied P/NAV of other previous S-REIT privatisations' 1.04 times. FHT last traded at 66.5 cents per unit before a trading halt was called on May 13. FPL says that FHT will continue to face both macroeconomic headwinds and structural limitations, which may limit its ability to grow DPS and NAV. In addition, it also faces various structural factors that have significantly impacted FHT&rsquo s trading performance and valuation adversely. &ldquo The decision to propose this scheme was not taken lightly," says Eric Gan, CEO of FHT' s manager. " It reflects our commitment to act in the interests of our stapled security holders amid structural challenges and an increasingly complex global environment. " While our portfolio has demonstrated resilience, sustained growth has been hampered by persistent FX headwinds, inflationary cost pressures, and broader geopolitical developments &ndash from Brexit to escalating trade tensions and the evolving global tax regime. The proposed scheme emerged as a viable and timely solution to unlock value with strong deal certainty for Stapled Securityholders to vote in favour of and realise their investments at a premium to NAV,&rdquo says Gan. &ldquo We have put forward an offer for FHT which safeguards the interests of FPL&rsquo s shareholders," says Loo Choo Leong, group CFO of Frasers Property. " The arm&rsquo s length offer was arrived at after taking into consideration the financial and business effects of the privatisation to Frasers Property, both over the short and long term, in addition to a number of FHT financial reference points,&rdquo he adds. " Hospitality is a core business for Frasers Property, and while we remain mindful of near-term challenges facing the hospitality sector, we maintain a long-term investment perspective. We will continue to apply our understanding of FHT' s assets to drive performance via active asset and portfolio management," he says. |
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tangsookiam1947
Master |
13-May-2025 23:51
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Sinarmas Land&rsquo s book value was approximately $0.85 per share, yet their offer came in at just $0.375 &mdash less than half of book value. Tuan Sing&rsquo s book value stands at around $0.98. Hypothetically, if a similar discount were applied, any potential offer could be significantly below book value as well. Of course, this is purely speculative. Actual offer prices depend on many factors &mdash market conditions, asset quality, strategic intent, and investor sentiment &mdash and not just book value alone. Caveat: The above is a hypothetical illustration and does not constitute financial advice, a valuation, or a recommendation to buy or sell any securities. Actual offer prices in any corporate transaction are subject to a range of factors, including but not limited to market conditions, strategic considerations, and regulatory constraints. Readers are advised to conduct their own due diligence and consult with licensed financial advisors before making any investment decisions.
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Goldfinger
Supreme |
13-May-2025 17:28
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For this company, likely many old timer investors. Need to get SIAS to drum up support to block any lowball privatisation.  They will try to use the Scheme of Arrangement route, which frankly is the easiest way for takeovers to succeed.  If its the 90% threshold, they will fail as many would not agree.  The SOA route, can easily get around. MAS and SGX should stop permitting this. | ||||
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MrBear12
Supreme |
13-May-2025 17:05
![]() Yells: "That's all folks... ... beep beep... ... don't be greedy ok?" |
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32 cents
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kusje58
Member |
13-May-2025 16:53
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Frankly what do you guys consider a low-ball offer? I think I will sell at 50c. Had enough of this counter. Invested for over ten years lol | ||||
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Warrenz
Member |
13-May-2025 15:10
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Goldfinger, count me in and I will support too
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MrBear12
Supreme |
13-May-2025 11:37
![]() Yells: "That's all folks... ... beep beep... ... don't be greedy ok?" |
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It has all the signs of a low ball offer.
Continual drop in price and constant undervaluation and underperformance. Need another owner and management. Trade privatisation |
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Goldfinger
Supreme |
13-May-2025 11:20
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At these prices, please stay away.  If they want to do a 90% takeover with a lowball price, be my guest and they will fail. If they do a SOA with a lowball price, we have to block.
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SmallSmall
Supreme |
13-May-2025 11:05
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From another forum :-> Is Tuan Sing the Next to Go Private? &zwnj With Sinarmas Land joining the growing list of SGX-listed property firms being taken private, the spotlight now turns to other undervalued, thinly traded developers like Tuan Sing Holdings. &zwnj Trading well below book value and with over 60% insider ownership, Tuan Sing shares characteristics with companies that have already delisted &mdash limited liquidity, asset-rich portfolios, and minimal need for public fundraising. It wouldn&rsquo t be surprising if it &mdash and others &mdash consider a similar path. Other candidates with deep value and strategic flexibility may include Boustead Singapore (backed by a strong net cash position of over S$368 million), and Ho Bee Land, which is also closely held and asset-heavy. &zwnj 🔎 Caveat: This is purely speculative and based on publicly available data. 💡 Reminder: This post is not financial advice. Investors should do their own due diligence (DYDD) and consult a licensed advisor before making any decisions. &zwnj 📉 As privatisations outpace new listings on SGX, the real estate sector may be quietly realigning &mdash and the public market may not be where the real value gets unlocked. |
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SmallSmall
Supreme |
13-May-2025 09:41
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Be patient. It will come :)
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tangsookiam1947
Master |
12-May-2025 00:23
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Privatisation offer for Sinarmas Land raised to 37.5 cents
  Sinarmas Land Privatisation Offer Raised to 37.5 Cents Published by The Edge Singapore on May 11, 2025 The Widjaja family, through Lyon Investments, has increased its privatisation offer for Sinarmas Land from 31 cents to 37.5 cents per share. The offer acceptance deadline has been extended to May 29, from the original May 14. Shareholders who previously accepted the 31-cent offer will still benefit from the revised 37.5 cents. As of May 9, the offeror controls 94.15% of Sinarmas Land shares. The stock last traded at 32 cents on May 9. === So when is Tuan Sing' s Turn?
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tangsookiam1947
Master |
05-May-2025 21:08
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what is the likelihood of Tuan Sing taken private?
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superstartup
Elite |
05-May-2025 11:54
Yells: "Enjoy doing Fundamental Research" |
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Last fri up bullish to 260 Now 1m shares selling at 250 Pressing the price down. Actions look similiar to Sinarmas, just before the privatisation offer. Press price down, then offer a " low ball" that looks higher.   |
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superstartup
Elite |
22-Apr-2025 09:38
Yells: "Enjoy doing Fundamental Research" |
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As though you guys bought real high near NTA. No free lunch la. Looking to add more for long term holding |
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Nippon72
Veteran |
22-Apr-2025 09:11
![]() Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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Honestly dun waste time on TS, I have treated this as a measly savings account long ago. Bought it innocently just looking at NTA, thot was a steal only realised it was a value trap. The worst feel is mgt is doing nothing with their staple of properties, future plans for Gultech or to raise any divvy etc.  Hopeless & JLB mgt.  
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HuatAh7898
Elite |
21-Apr-2025 20:36
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don' t think they will want to takeover...the group has so much bank borrowings and debts. | ||||
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tangsookiam1947
Master |
19-Apr-2025 16:57
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property counters usually thrive in declining interest rate environment..But FEDs is not cutting so soon...
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superstartup
Elite |
15-Apr-2025 13:46
Yells: "Enjoy doing Fundamental Research" |
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Agree. But I prefer no privatisation. Then can trade 2 to 3 rounds each year. Buy say below 250 and then sell near 300. Very good % annual return.  
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MrBear12
Supreme |
15-Apr-2025 13:39
![]() Yells: "That's all folks... ... beep beep... ... don't be greedy ok?" |
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The only capital gain I see in this is a takeover
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superstartup
Elite |
15-Apr-2025 12:53
Yells: "Enjoy doing Fundamental Research" |
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I buy for capital gain using OA account. Bought small small so no worries.  
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