SingHoldings
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Sing Holdings - Grossly undervalued
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You are spot on so far! with $0.510 only managing to get 100 shares before buyers came in at $0.515.
JurongW ( Date: 13-May-2026 18:00) Posted:
With no positive newsflow, the share price may continue drifting lower to retest the lower channel, which should provide a firm support base.
Support is seen near 51 cents - the confluence of the 100EMA and the 0.786 Fibo retracement
stockinvestor ( Date: 13-May-2026 17:31) Posted:
| So Sing Holdings closed at the 61.8% retracement level at $0.535 today |
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https://links.sgx.com/FileOpen/SHL%20AGM%20Minutes.ashx?App=Announcement& FileID=889408
The confirmation in the minutes that the construction cost is fixed. The construction cost is therefore approximately 450.59psf which gives them the ability to position the Chuan Grove as a premium project.
Let' s see if we can see a green bullish candle tomorrow after today' s doji candlestick.
stockinvestor ( Date: 14-May-2026 19:37) Posted:
Indeed, 51c seems like a firm support. Today it tested 52c and rebounded back to 53.5c. Buyers seem keen at 52.5c and below. Fundamentally, 52.5c happens to bring the P/NAV to just below 0.6x, before accounting for RNAV from Chuan Grove.
JurongW ( Date: 13-May-2026 18:00) Posted:
With no positive newsflow, the share price may continue drifting lower to retest the lower channel, which should provide a firm support base.
Support is seen near 51 cents - the confluence of the 100EMA and the 0.786 Fibo retracement
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Weekly chart. 20EMA should serve as good support when its tested again.
Indeed, 51c seems like a firm support. Today it tested 52c and rebounded back to 53.5c. Buyers seem keen at 52.5c and below. Fundamentally, 52.5c happens to bring the P/NAV to just below 0.6x, before accounting for RNAV from Chuan Grove.
JurongW ( Date: 13-May-2026 18:00) Posted:
With no positive newsflow, the share price may continue drifting lower to retest the lower channel, which should provide a firm support base.
Support is seen near 51 cents - the confluence of the 100EMA and the 0.786 Fibo retracement
stockinvestor ( Date: 13-May-2026 17:31) Posted:
| So Sing Holdings closed at the 61.8% retracement level at $0.535 today |
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With no positive newsflow, the share price may continue drifting lower to retest the lower channel, which should provide a firm support base.
Support is seen near 51 cents - the confluence of the 100EMA and the 0.786 Fibo retracement
stockinvestor ( Date: 13-May-2026 17:31) Posted:
So Sing Holdings closed at the 61.8% retracement level at $0.535 today.
JurongW ( Date: 13-May-2026 14:05) Posted:
Updated chart
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So Sing Holdings closed at the 61.8% retracement level at $0.535 today.
JurongW ( Date: 13-May-2026 14:05) Posted:
Updated chart
stockinvestor ( Date: 12-May-2026 18:12) Posted:
| but seems like this trading view chart hasn' t properly adjusted for the bonus issue? too big a gap has distorted the chart. need to wait for trading view to adjust all the past data for the bonus issue. could sellers today have been too reliant on trading view and thought the stock has crashed or entered downtrend and started cutting loss resulting in over-adjustment? Adjusting for the bonus issue, today' s close of 55c is yesterday' s 68.75c which seems to be a significant fall from yesterday' s 72c close |
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Updated chart
stockinvestor ( Date: 12-May-2026 18:12) Posted:
but seems like this trading view chart hasn' t properly adjusted for the bonus issue? too big a gap has distorted the chart. need to wait for trading view to adjust all the past data for the bonus issue. could sellers today have been too reliant on trading view and thought the stock has crashed or entered downtrend and started cutting loss resulting in over-adjustment? Adjusting for the bonus issue, today' s close of 55c is yesterday' s 68.75c which seems to be a significant fall from yesterday' s 72c close.
JurongW ( Date: 12-May-2026 14:39) Posted:
Chart is adjusted for bonus issue.
Share price found support at the confluence of 200EMA, lower channel and 0.618 Fibo (0.56) after going XB today.
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but seems like this trading view chart hasn' t properly adjusted for the bonus issue? too big a gap has distorted the chart. need to wait for trading view to adjust all the past data for the bonus issue. could sellers today have been too reliant on trading view and thought the stock has crashed or entered downtrend and started cutting loss resulting in over-adjustment? Adjusting for the bonus issue, today' s close of 55c is yesterday' s 68.75c which seems to be a significant fall from yesterday' s 72c close.
JurongW ( Date: 12-May-2026 14:39) Posted:
Chart is adjusted for bonus issue.
Share price found support at the confluence of 200EMA, lower channel and 0.618 Fibo (0.56) after going XB today.
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Chart is adjusted for bonus issue.
Share price found support at the confluence of 200EMA, lower channel and 0.618 Fibo (0.56) after going XB today.
Amended Monthly chart - Ascending channel
Daily chart - Adjusted for dividends
Weekly chart
Monthly Chart
Inched up to 77c today. 7 market days to go before ex- 4 for 1 bonus.
JurongW ( Date: 28-Apr-2026 01:14) Posted:
Ex-date for bonus shares is 12 May, to be credited on 22 May - Mark these dates on your calendar.
After going XD, let' s watch if the share price can grind higher in the run up to 12 May. |
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Ex-date for bonus shares is 12 May, to be credited on 22 May - Mark these dates on your calendar.
After going XD, let' s watch if the share price can grind higher in the run up to 12 May.
Don' t forget there is still a 1 for 4 bonus coming soon.
stockinvestor ( Date: 27-Apr-2026 21:56) Posted:
Due to the magic in numbers, the P/B is below 0.7x again at 76.5/109.78
JurongW ( Date: 27-Apr-2026 20:16) Posted:
Sing Holdings will go XD tomorrow - Final dividend of 1 cents + special dividend of 4 cents
Share price should theoretically adjust downward by 5 cents to 76.5 cents based on today closing price of 81.5 cents |
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Due to the magic in numbers, the P/B is below 0.7x again at 76.5/109.78
JurongW ( Date: 27-Apr-2026 20:16) Posted:
Sing Holdings will go XD tomorrow - Final dividend of 1 cents + special dividend of 4 cents
Share price should theoretically adjust downward by 5 cents to 76.5 cents based on today closing price of 81.5 cents |
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Sing Holdings will go XD tomorrow - Final dividend of 1 cents + special dividend of 4 cents
Share price should theoretically adjust downward by 5 cents to 76.5 cents based on today closing price of 81.5 cents
https://www.edgeprop.sg/property-news/vela-bay-sells-72-launch-day-average-2886-psf
The average selling price of $2886psf for Vela Bay has set a new benchmark for OCR new launches and would help Sing Holdings to be able to price Chuan Grove closer to this price than the current average of Chuan Park (which was a 2024 launch) of 2591psf. Conservatively, the probability of an average selling price of 27xxpsf is now higher than one at 26xxpsf.
To be clear, the deadline for the 5c dividend is 27/4. Investors who buy on 28/4 will not be able to enjoy the dividend because it is the first day of ex-entitlement.
sfw2124 ( Date: 24-Apr-2026 08:18) Posted:
For Sing Holdings (5IC), the Annual General Meeting (AGM) held on April 23, 2026, has solidified the narrative that the company is moving from " steady developer" to " premium lifestyle creator."
The focus is clearly on Chuan Grove, their upcoming mega-project, which is being positioned as a landmark development for the company.
1. The AGM Highlights: De-Risking and Ambition
The two points you mentioned are critical for different reasons:
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Fixed-Cost Construction Contract (The Shield): In an inflationary environment where raw material and labor costs are volatile, awarding a fixed-cost contract to the main contractor for Chuan Grove is a masterstroke of risk management.
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What it means for you: It " locks in" the profit margin. Even if steel or concrete prices spike in late 2026, the contractor bears that cost, not Sing Holdings. This ensures that the earnings projections for FY2025/2026 remain stable.
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" Most Comprehensive Facilities" (The Sword): By aiming for the " most number of facilities in Singapore," Sing Holdings is moving away from competing on price and moving toward competing on luxury and lifestyle.
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What it means for you: This strategy justifies a " premium" selling price per square foot. High-facility condos tend to have higher resale value and better rental demand, which makes the project more attractive to buyers and investors alike.
2. Key Takeaways from the AGM Presentation Slides
The SGX presentation link highlights the " Three Pillars" of Sing Holdings' current strength:
A. The North Gaia Success Story
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The slides confirm that North Gaia (EC) is nearing full take-up and construction is on schedule. Since this is an Executive Condominium, the demand has been resilient despite cooling measures. This provides the " base" cash flow for the company.
B. Financial Health & The " Bonus" Strategy
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Healthy Balance Sheet: The presentation emphasizes a manageable debt-to-equity ratio, which gave the Board the confidence to propose the 1-for-4 Bonus Issue and the S$0.04 Special Dividend.
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The Reward: Management explicitly stated that these rewards are to " thank loyal shareholders" as they transition into the Chuan Grove development phase.
C. Chuan Grove: The Next Frontier
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The slides detail the strategic location near the Lorong Chuan MRT.
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Sustainability: A significant portion of the slides focuses on " Green Mark Platinum" standards, which not only appeals to modern buyers but also allows the company to tap into " Green Financing" (lower interest rates on loans).
3. Layman&rsquo s Summary: Why the Market is Excited
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Safety: They have already " locked in" the building costs for their next big project. No surprises or " hidden costs" later.
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Quality: They aren' t just building a flat they are building a " resort" with record-breaking facilities. This makes it easier to sell.
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Generosity: They are giving you free shares (1 for every 4) and cash (4 cents) next week.
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Timing: The April 28 Ex-Date is the " last call." If you aren' t in by then, you miss the " Ang Bao" (bonus and dividend).
The AGM confirmed that Sing Holdings is playing a " safe but ambitious" game. The fixed-cost contract is the most " convincing" piece of news for serious investors because it eliminates the biggest fear in property development: cost overruns.
With the " Black and White" confirmation of the fixed-cost contract coming in a month, do you think the market will wait for the minutes, or start " front-running" the stock before the April 28 deadline?
stockinvestor ( Date: 23-Apr-2026 20:55) Posted:
Sing Holdings seems very focused on producing their best ever project with what is possibly a project with the most number of facilities in Singapore to date.
At 10. " Project is intended to have one of the most comprehensive communal
facilities in Singapore to date"
From the AGM today, the company confirmed that they have awarded a fixed cost construction contract to the main contractor of Chuan Grove in FY2025. This confirmation will appear in black and white in the minutes of the AGM, due on SGX in 1 month' s time. |
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For
Sing Holdings (5IC), the Annual General Meeting (AGM) held on April 23, 2026, has solidified the narrative that the company is moving from " steady developer" to " premium lifestyle creator."
The focus is clearly on
Chuan Grove, their upcoming mega-project, which is being positioned as a landmark development for the company.
1. The AGM Highlights: De-Risking and Ambition
The two points you mentioned are critical for different reasons:
-
Fixed-Cost Construction Contract (The Shield): In an inflationary environment where raw material and labor costs are volatile, awarding a fixed-cost contract to the main contractor for Chuan Grove is a masterstroke of risk management.
-
What it means for you: It " locks in" the profit margin. Even if steel or concrete prices spike in late 2026, the contractor bears that cost, not Sing Holdings. This ensures that the earnings projections for FY2025/2026 remain stable.
-
" Most Comprehensive Facilities" (The Sword): By aiming for the " most number of facilities in Singapore," Sing Holdings is moving away from competing on price and moving toward competing on luxury and lifestyle.
-
What it means for you: This strategy justifies a " premium" selling price per square foot. High-facility condos tend to have higher resale value and better rental demand, which makes the project more attractive to buyers and investors alike.
2. Key Takeaways from the AGM Presentation Slides
The SGX presentation link highlights the " Three Pillars" of Sing Holdings' current strength:
A. The North Gaia Success Story
-
The slides confirm that North Gaia (EC) is nearing full take-up and construction is on schedule. Since this is an Executive Condominium, the demand has been resilient despite cooling measures. This provides the " base" cash flow for the company.
B. Financial Health & The " Bonus" Strategy
-
Healthy Balance Sheet: The presentation emphasizes a manageable debt-to-equity ratio, which gave the Board the confidence to propose the 1-for-4 Bonus Issue and the S$0.04 Special Dividend.
-
The Reward: Management explicitly stated that these rewards are to " thank loyal shareholders" as they transition into the Chuan Grove development phase.
C. Chuan Grove: The Next Frontier
-
The slides detail the strategic location near the Lorong Chuan MRT.
-
Sustainability: A significant portion of the slides focuses on " Green Mark Platinum" standards, which not only appeals to modern buyers but also allows the company to tap into " Green Financing" (lower interest rates on loans).
3. Layman&rsquo s Summary: Why the Market is Excited
-
Safety: They have already " locked in" the building costs for their next big project. No surprises or " hidden costs" later.
-
Quality: They aren' t just building a flat they are building a " resort" with record-breaking facilities. This makes it easier to sell.
-
Generosity: They are giving you free shares (1 for every 4) and cash (4 cents) next week.
-
Timing: The April 28 Ex-Date is the " last call." If you aren' t in by then, you miss the " Ang Bao" (bonus and dividend).
The AGM confirmed that Sing Holdings is playing a " safe but ambitious" game. The fixed-cost contract is the most " convincing" piece of news for serious investors because it eliminates the biggest fear in property development: cost overruns.
With the " Black and White" confirmation of the fixed-cost contract coming in a month, do you think the market will wait for the minutes, or start " front-running" the stock before the April 28 deadline?
stockinvestor ( Date: 23-Apr-2026 20:55) Posted:
Sing Holdings seems very focused on producing their best ever project with what is possibly a project with the most number of facilities in Singapore to date.
At 10. " Project is intended to have one of the most comprehensive communal
facilities in Singapore to date"
From the AGM today, the company confirmed that they have awarded a fixed cost construction contract to the main contractor of Chuan Grove in FY2025. This confirmation will appear in black and white in the minutes of the AGM, due on SGX in 1 month' s time.
JurongW ( Date: 23-Apr-2026 19:23) Posted:
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