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Sing Holdings - Grossly undervalued

still ding dong at 40c leh.

lifeisgood ( Date: 18-Sep-2017 09:43) Posted:

Sing Holdings running today. Now 41

heard that its not so soon. showflat to open in H2 of Oct and Sales is likely only in Nov.

lifeisgood ( Date: 15-Sep-2017 12:35) Posted:

BTW, ghost month will be over in a few days time. Looking forward to Fernvale launch soon.

can' t beat these guys, u will be behind the queue every day. u see just now there' s 200+ lots to sell at 39.5 but even that has disappeared lol.

lifeisgood ( Date: 15-Sep-2017 12:29) Posted:

Weird trading action. But the fundamentals have not changed. So I will keep holding. Actually yesterday and teh day before, I joined to buy 200,000 shares at 39. Nobody gave.

stockinvestor ( Date: 15-Sep-2017 10:15) Posted:

the initial block was a big order of 700 lots but now lost count of who got how many but chances are probably the same buyer topping up lol.

spookily zero volume after 1hr and 15 mins...i guess that' s a good sign since sti has been falling like every day haha

BTW, ghost month will be over in a few days time. Looking forward to Fernvale launch soon.

Weird trading action. But the fundamentals have not changed. So I will keep holding. Actually yesterday and teh day before, I joined to buy 200,000 shares at 39. Nobody gave.

stockinvestor ( Date: 15-Sep-2017 10:15) Posted:

the initial block was a big order of 700 lots but now lost count of who got how many but chances are probably the same buyer topping up lol.

spookily zero volume after 1hr and 15 mins...i guess that' s a good sign since sti has been falling like every day haha.

lifeisgood ( Date: 15-Sep-2017 07:33) Posted:

Do u have any idea who the buyer might be? So strange. I usually only see this type of buying after there was a takeover offer

the initial block was a big order of 700 lots but now lost count of who got how many but chances are probably the same buyer topping up lol.

spookily zero volume after 1hr and 15 mins...i guess that' s a good sign since sti has been falling like every day haha.

lifeisgood ( Date: 15-Sep-2017 07:33) Posted:

Do u have any idea who the buyer might be? So strange. I usually only see this type of buying after there was a takeover offer.

stockinvestor ( Date: 15-Sep-2017 07:12) Posted:

133k shares were done at 0.39 yesterday but the good till cancelled order (which started yesterday at 700+k) still has 700.9k overnight today. this means that the buyer keeps topping up and its impossible to get at that price for those who do not have the good till cancelled function.

Do u have any idea who the buyer might be? So strange. I usually only see this type of buying after there was a takeover offer.

stockinvestor ( Date: 15-Sep-2017 07:12) Posted:

133k shares were done at 0.39 yesterday but the good till cancelled order (which started yesterday at 700+k) still has 700.9k overnight today. this means that the buyer keeps topping up and its impossible to get at that price for those who do not have the good till cancelled function.

the good till cancelled buy orders at 0.39 overnight increased to 815k at the start of today despite 70k filling up the 700+k overnight order the previous day.

more than 700k shares at 0.39 are good till cancelled orders which queued overnight.

i noticed some big buy orders which were parking overnight at 38 and 38.5c in the past week as good till cancelled orders. these orders seem to have withdrawn and moved up to 39c now.

compared to other property counters, the rise from 30c to 40c is only " in line" if not underperforming.

And RSI near 40. Where got overbought? If RSI above 70 or 80, then I would consider it overbought.

Technically, in the past, this stock MACD goes to 0.02 when overbought. Currently, MACD is around ONLY 0.005. So no way overbought yet.

fundamentalhero ( Date: 11-Sep-2017 10:03) Posted:

0.295 rallied to 0.395. overbought region

Absolutely. Since it partnered with Wee Hur which is also a construction company, it can manage construction cost much better.

stockinvestor ( Date: 11-Sep-2017 09:40) Posted:

the cost mentioned in the research report can also be on the high (conservative) side. also, there' s still the 10% balcony and air con ledge nonsense to profit from haha.

lifeisgood ( Date: 11-Sep-2017 09:20) Posted:

I agree with your calculations. The build up of floor area attributable to Sing Holding is around 388,000 sq ft. If it makes a profit of $100 psf, it is $38.8 million. Divide by 400 million shares it is 9.7 cents profit per share. If sold at $200 profit psf, it become 19.4 cents profit per share.

the cost mentioned in the research report can also be on the high (conservative) side. also, there' s still the 10% balcony and air con ledge nonsense to profit from haha.

lifeisgood ( Date: 11-Sep-2017 09:20) Posted:

I agree with your calculations. The build up of floor area attributable to Sing Holding is around 388,000 sq ft. If it makes a profit of $100 psf, it is $38.8 million. Divide by 400 million shares it is 9.7 cents profit per share. If sold at $200 profit psf, it become 19.4 cents profit per share.

stockinvestor ( Date: 11-Sep-2017 09:09) Posted:

actually, put in perspective, the loss from robin is < 1c. the upcoming fernvale project has a minimum earnings per share of 10c (according to kgi report' s assumption of 1000psf). 1000psf is too conservative in the current market and every 100psf more is another 10c in eps. 1100psf average selling price = 20c eps. 1200psf average selling price = 30c eps. th eps from the fernvale project should be somewhere between 20c and 30c conservatively i feel.

So this stock is barely selling at 2 to 3 times PE. WT... !!! And book value becomes 73 or 83 cents after adding the netprofit of at least 10 to 20 cents to its NTA.

lifeisgood ( Date: 11-Sep-2017 09:20) Posted:

I agree with your calculations. The build up of floor area attributable to Sing Holding is around 388,000 sq ft. If it makes a profit of $100 psf, it is $38.8 million. Divide by 400 million shares it is 9.7 cents profit per share. If sold at $200 profit psf, it become 19.4 cents profit per share.

stockinvestor ( Date: 11-Sep-2017 09:09) Posted:

actually, put in perspective, the loss from robin is < 1c. the upcoming fernvale project has a minimum earnings per share of 10c (according to kgi report' s assumption of 1000psf). 1000psf is too conservative in the current market and every 100psf more is another 10c in eps. 1100psf average selling price = 20c eps. 1200psf average selling price = 30c eps. th eps from the fernvale project should be somewhere between 20c and 30c conservatively i feel.

I agree with your calculations. The build up of floor area attributable to Sing Holding is around 388,000 sq ft. If it makes a profit of $100 psf, it is $38.8 million. Divide by 400 million shares it is 9.7 cents profit per share. If sold at $200 profit psf, it become 19.4 cents profit per share.

stockinvestor ( Date: 11-Sep-2017 09:09) Posted:

actually, put in perspective, the loss from robin is < 1c. the upcoming fernvale project has a minimum earnings per share of 10c (according to kgi report' s assumption of 1000psf). 1000psf is too conservative in the current market and every 100psf more is another 10c in eps. 1100psf average selling price = 20c eps. 1200psf average selling price = 30c eps. th eps from the fernvale project should be somewhere between 20c and 30c conservatively i feel.

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Sing Holdings - Grossly undervalued