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Hidden Multibagger: Starco
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PhillipTan
Supreme |
12-Aug-2021 03:51
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Straco' s office units in International Plaza, set for collective sale, valued above bookTourism attractions operator Straco Corp has received a notice from the collective sale committee (CSC) of International Plaza Singapore, where the company owns two office units.In a bourse filing on Wednesday, Straco said that the units, which are for its own use, span about 4,218 square feet in total. The indicative independent third-party market valuation of the two units was around S$7.5 million, based on the information memorandum prepared by the CSC for illustrative purposes. That is roughly quadruple the two units' total carrying value of close to S$1.9 million in Straco' s unaudited financial statements for the half year ended June 30, 2021. Straco, which operates the Singapore Flyer, said it received the collective sale notice on Aug 6. The notice stated that as at July 7, owners of 791 units out of 962 units, representing 80.33 per cent of the total share value and 83.58 per cent of the total strata area in the development, have signed the collective sale agreement. The 50-storey International Plaza will soon be put on the market in what may potentially be Singapore' s largest collective sale in history, in terms of the number of units and value, Edmund Tie & Company said last Friday. Another Singapore-listed company, A-Sonic Aerospace, said this week that it has office units in the building. The CSC' s information memorandum stated that A-Sonic' s 3,810 square feet of office space there was valued at about S$6.6 million and may fetch approximate gross sales proceeds of S$9.3 million. Shares in Straco fell 1 per cent or 0.5 Singapore cent to finish Wednesday at 51.5 cents, before its announcement. |
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ysh2006
Supreme |
10-Jun-2021 08:32
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Can get free ride for awarded of insurance claim $8.2 M ?
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WhereI
Master |
03-Dec-2020 08:41
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Long to spend your Singapore vouchers
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WhereI
Master |
30-Nov-2020 23:57
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Singapore Flyer Ready to fly again! | ||
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St.Maximus
Supreme |
20-Oct-2020 23:54
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Agreed. Been holding this since IPO when it was listed at 26 cents. It is cash rich and has good profitability. Not sure locals will use their tourist dollars to go on the Singapore Flyer
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Ricky2020
Member |
18-Aug-2020 09:43
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Straco corporation is the only SGX listed, tourism companies which will benefit from yesterday' s $320M additional funding announced to boost local tourism. With China opened and our Singapore Flyer also operational, this scrip could be one of the hidden multibagers. Yesterday volume was 10X daily volume. Thoughts? |
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