Post Reply
1-20 of 759
Seems like on a slow decline.
Why waiting below $1.50 makes sense
With Straits Trading Company, FY2025 was a reset year &mdash heavy write-downs, loss of JV control, and weaker overseas property valuations. Even if these losses are largely non-cash, markets usually need time to regain confidence.
Waiting for the share price to fall below $1.50 is about demanding a margin of safety. At that level, we get a deeper discount to the revised NAV, better compensation for execution risk in capital recycling, and a dividend yield that cushions volatility rather than justifying early entry.
Think of it like buying a property only after prices have fully adjusted &mdash not while valuations are still being revised.
We are not bearish on the business. We are simply patient. Let price come to us, and let value emerge first.
turtletrader ( Date: 28-Feb-2026 13:32) Posted:
|
wait for share price to drop back to $1.50 and below... then good value....
turtletrader ( Date: 28-Feb-2026 13:32) Posted:
|
That' s a big drop, think better stay sideline for a while...
tangsookiam1947 ( Date: 28-Feb-2026 09:36) Posted:
|
Straits Trading H2 loss widens to S$208.4 million dividend of S$0.08 a share proposed
The payout is unchanged from a year earlier
[SINGAPORE] The Straits Trading Company&rsquo s net loss widened to S$208.4 million for its second half ended Dec 31, 2025, from S$12.5 million a year earlier, as it recorded a one-off charge and a net fair-value loss on investment properties.
Revenue increased by 14 per cent year on year to S$355.8 million, the group&rsquo s financial results filed on Friday (Feb 27) showed.
Net fair-value changes in investment properties came in at minus S$43.9 million, compared with a gain of S$7.7 million in H2 FY2024. The group attributed this primarily to fair-value losses from properties in China, South Korea and Australia.
The resources segment had a better showing in H2 FY2025, which the group said was mainly due to higher average tin prices and the ringgit&rsquo s appreciation against the Singapore dollar.
The hospitality segment&rsquo s performance weakened, however, &ldquo primarily due to ongoing refurbishment works in its Australia-owned hotel (and) the absence of contribution from a hotel disposed of in December 2024&rdquo .
Straits Trading&rsquo s real estate business reported a greater loss in H2 FY2025. This came on the back of a S$102.3 million loss that stemmed from the group losing joint control over a joint venture.
The group explained that &ldquo the appointment of receivers and managers over (a) mortgaged property in December 2025&rdquo had led to the investment being derecognised as a joint venture.
Loss per share for H2 FY2025 stood at S$0.444, compared with S$0.028 for the corresponding period a year earlier.
Straits Trading&rsquo s board has proposed an interim dividend of S$0.08 a share payable on Jun 30, with the quantum unchanged from FY2024 and the option of payment in scrip available.
Straits Trading says the tie-up allows it to " recycle capital at an opportune time" and redeploy proceeds into " potentially higher-return real estate opportunities" .
Straits Trading partners Cromwell, divests 19.9% of Australian industrial portfolio for A$47.6 million
For FY2025, the group&rsquo s loss widened to S$249.1 million from S$7.2 million a year earlier. Revenue, meanwhile, was 10.4 per cent higher year on year at S$623.3 million.
The weaker full-year performance was again attributed to the loss of joint control over the joint venture and net fair-value losses on investment properties.
Straits Trading noted that the losses are &ldquo non-cash in nature and do not impact the group&rsquo s operating cash flow&rdquo .
Chew Gek Khim, executive chairman of Straits Trading, said FY2025 &ldquo represents a watershed year&rdquo for the group, &ldquo marked by a disciplined reassessment of our portfolio and a continued focus on prudent capital recycling amid a challenging operating environment&rdquo .
Straits Trading said it will &ldquo continue to adopt a prudent and disciplined approach to capital management&rdquo .
&ldquo The group will remain focused on maintaining financial resilience, preserving liquidity and prioritising investments that generate long-term sustainable value for its stakeholders,&rdquo it added
net asset value dropped from $3.19 to $2.66
turtletrader ( Date: 20-Feb-2026 10:53) Posted:
|
With loss guidance & impairment, think better to wait for its results announcement next Friday (27 Feb) before investing.
Invested in this recently thinking it is a highly undervalued stock.
But looking at the continuous impairments, does not look like a well run company.
Considering bailing out after collecting dividends.
But looking at the continuous impairments, does not look like a well run company.
Considering bailing out after collecting dividends.
Straits Trading to report negative FY2025 on impairments
The Straits Trading Company warns that it will report a wider loss for its year ended Dec 2025 versus the preceding FY2024, as it has to take into account a few impairments including investments and investment properties.
The company adds that these fair value losses are non-cash in nature and is not expected to have an impact on its operating cash flow.
Straits Trading says that its overall business and financial position remain healthy with sufficient liquidity to meet its operational and financial commitments.
It expects to report on or around Feb 27.
Straits Trading shares closed at $1.86 on Feb 12, up 1.64%.
Good start .....
Galloping up to the new year ....
Huat Arh! 🤗
Galloping up to the new year ....
Huat Arh! 🤗
Book value is $3 a share. Lot of upside.
Straits Trading unit to divest South Korea logistics property for 432 billion won
Completion of the disposal is expected to take place on or around Jan 29
[SINGAPORE] The Straits Trading Company : S20 0% is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as part of its strategy to recycle capital from matured assets.
The mainboard-listed conglomerate announced on Friday (Jan 23) that Sky Logis Private Real Estate Investment Company (Sky) &ndash a joint venture held under its subsidiary Straits Real Estate &ndash has entered into a sale and purchase agreement with a major South Korean financial institution acting as a trustee.
Straits Trading holds an effective interest of approximately 47.3 per cent in Sky.
The consideration of 432 billion won is in line with the property&rsquo s independent valuation as at Dec 31, 2025.
Following the settlement of outstanding loans and transaction-related expenses, the group expects to receive net proceeds of approximately 95.4 billion won.
The company noted that on a project-level basis, the investment has generated an internal rate of return in excess of 20 per cent and an equity multiple of over three times in Singapore dollar terms.
&ldquo With this divestment, we are realising the value of a matured asset and reallocating capital towards opportunities that support our long-term portfolio strategy,&rdquo Straits Trading executive chairman Chew Gek Khim said.
The property, Arenas Yeongjong Logistics Center, is a Grade A, six-storey ramp-up facility comprising approximately 191,000 square metres of dry warehouse and office lettable space.
Completed in January 2021, the facility is located about 8 km from the Incheon International Airport air cargo terminal.
Straits Trading noted that the divestment comes as the Greater Seoul Grade A logistics market moves towards a &ldquo more balanced supply-demand position&rdquo . The group described the transaction as an orderly divestment of an institutional-grade asset within a stabilising investment environment.
The group does not expect to recognise any material gain or loss on the disposal.
On a pro forma basis, assuming the disposal had been completed on Dec 31, 2024, the group&rsquo s net tangible assets per share would have decreased slightly to S$3.018, from S$3.057.
Had the disposal been completed on Jan 1, 2024, the group&rsquo s loss per share would have widened to S$0.041 from S$0.016.
Completion of the disposal is expected to take place on or around Jan 29.
Yes they do, because the market is worried that they all have some hidden landmines ready to explode. The downside is therefore already largely factored in.
tangsookiam1947 ( Date: 04-Jan-2026 15:38) Posted:
|
many developer stocks like Tuan Sing, xx, xxx are still trading at a deep discount to their book NAV or RNAV....P/BV = 0.35 only for Tuan Sing (for example...)
Alignment ( Date: 26-Dec-2025 06:28) Posted:
|
The share price is trading at such a big discount to NAV anyway, it shows the market already knows about this stuff, which is why I said it does not care. A huge margin of error is embedded in the share price, so a few % asset decline does not move the needle.
Straits Trading: NAV Overhang in Play
With receivers appointed over Straits Trading&rsquo s pledged JV stake in a Shanghai retail mall, the risk has shifted from theoretical to real&mdash much like a bank taking over a mortgaged property after a default, where the priority is recovery rather than price optimisation. The stake is carried at about S$100m (roughly S$0.18&ndash 0.20 per share), and depending on how distressed the sale process is, a non-cash write-down of ~S$0.08&ndash 0.12 per share looks plausible, with downside tail risk up to the full amount. This is a balance-sheet and NAV issue, not a cash-flow or solvency problem, but until the receiver sale outcome is known, the overhang remains and we should expect share-price moderation before the rest of the group&rsquo s fundamentals come back into focus.
Caveat: This is a high-level assessment based on publicly available disclosures and reasonable assumptions. Actual outcomes will depend on receiver sale timing, buyer interest, market conditions for China retail assets, and enforcement mechanics, and may differ materially from estimates. Any impairment would be non-cash but permanent once recognised. This is not a recommendation to buy or sell securities. Readers should perform their own due diligence and consult professional advisers where appropriate.
$100M is a total loss?
How can management be so negligent?
I think some heads should roll!
How can management be so negligent?
I think some heads should roll!
And this is from one single project alone ....
the impact although non cash , will directly impact net income or EPS ...
the impact although non cash , will directly impact net income or EPS ...
NAV impact quite substantial ? 100 mil over outstanding shares of 470 mil = 20 cents impact on EPS ... And Straits trading company NAV is about $3.20 , impact of at least 6%..
Alignment ( Date: 24-Dec-2025 09:54) Posted:
|
Straits Trading launches senior-living programme in Singapore, Malaysia
It aims to build an integrated independent value-chain in the senior living business
[SINGAPORE] Mainboard-listed The Straits Trading Company on Tuesday (Dec 23) unveiled a new pilot programme for a senior living initiative known as The Silver Movement.
The initiative includes an operating company of the same name that oversees asset, property, facility and operational management.
It also comprises a web-based, artificial intelligence-assisted application that is designed to empower independent living for seniors and that provides access to the services it offers.
These services are planned around four key focus areas &ndash accommodation and lifestyle services learning and personal enrichment travel and unique experiences and investing, subject to regulations.
The company noted that the initiative is part of its goal to provide seniors with a customised platform that meets their lifestyle needs, fosters engagement, and enables seamless access to services through trusted providers and digital solutions.
It is also part of a broader strategy to expand the company&rsquo s presence in the senior living business, which it noted is a &ldquo growth sector&rdquo .
The Silver Movement advocates a &ldquo new dimension before the stage of retirement and assisted living&rdquo , said Eric Teng, group chief operating officer of The Straits Trading Company, during a talk for the company&rsquo s shareholders held on Monday, at which it unveiled plans for an integrated independent-living value chain within the senior living business.
&ldquo People today are living longer and remaining active well into their later lives. We believe this phase in life should continue to be fulfilling and fun. The pilot programme would help to refine the integration of property, operation and services in the independent-living value chain,&rdquo said Teng.
The pilot programme for The Silver Movement will involve up to 500 participants. It is expected to start in the first quarter of 2026 and will be initially deployed in Singapore and Malaysia.
To test and refine its core features, service workflows and platform usability, participant feedback will be actively sought during the pilot, to guide further development and optimisation, the company said.