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Clearly there are many short sellers today ... $0.30 later
The old investors would not be stupid to sell a NAV $1.19 / asch value $0.355 at $0.27
The old investors would not be stupid to sell a NAV $1.19 / asch value $0.355 at $0.27
SmallSmall ( Date: 20-Aug-2024 15:19) Posted:
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You missed the point totally. It does not matter what he says. What it matters it the share price is indeed trading at a very depressed level.
And when the elastic band is reduced, this is what happens.
And when the elastic band is reduced, this is what happens.
finjungle ( Date: 20-Aug-2024 14:47) Posted:
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Yes the same senior journalist from SPH.
As at 2.48 pm today, the share price has risen 44.44% or 8 cents.
Is there any wisdom in the crowd?
As at 2.48 pm today, the share price has risen 44.44% or 8 cents.
Is there any wisdom in the crowd?
ongkk96 ( Date: 20-Aug-2024 13:47) Posted:
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Same guy who talk about WingTai months ago?
SmallSmall ( Date: 20-Aug-2024 09:44) Posted:
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Took profits at 255. Anyone shorted at 255?
Agree. But because many do not believe that' s why they shorted and get caught loh.
TraderBen ( Date: 20-Aug-2024 12:54) Posted:
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this guy always do write up.. but end up back to square one.. like hong fok..
SmallSmall ( Date: 20-Aug-2024 09:44) Posted:
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If $0.24 clears again and hold, the shorts will be trapped and should move towards $0.25 later
SmallSmall ( Date: 20-Aug-2024 11:24) Posted:
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$0.24 liao ....
rlong8288 ( Date: 20-Aug-2024 10:00) Posted:
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will it be a one day spike...DYODD
SmallSmall ( Date: 20-Aug-2024 09:55) Posted:
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Privatisation candidate. 70.3% held by Widjaja family.
NAV S1.19
Cash Value $0.355 per share.
Just a matter of time...Not for contra players though
NAV S1.19
Cash Value $0.355 per share.
Just a matter of time...Not for contra players though
SmallSmall ( Date: 20-Aug-2024 09:44) Posted:
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Stock at 18 cts and NAV 1.19 cts?
https://www.theedgesingapore.com/capital/results/sinarmas-lands-patmi-1hfy2024-falls-187-y-o-y
Joelton ( Date: 13-Aug-2024 11:46) Posted:
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Sinarmas Land H1 profit falls 18.7% to S$89 million on fair value, impairment losses
Revenue for has risen 28.1 per cent to S$766.1 million, from S$598.1 million a year earlier
SINARMAS Land posted a 18.7 per cent drop in net profit to S$89 million for its first half ended Jun 30, 2024, from S$109.5 million in the previous corresponding period.
This was mainly due to fair value losses and impairment losses incurred from certain wholly owned subsidiaries, despite a higher profit for the period, the property developer said in a regulatory filing on Monday (Aug 12).
Earnings per share stood at 2.09 Singapore cents for the half year, down from 2.57 cents the previous year.
Revenue for H1 rose 28.1 per cent to S$766.1 million, from S$598.1 million a year earlier.
This was due to higher sale of industrial and undeveloped land parcels in BSD City and Kota Deltamas, Indonesia, as well as higher revenue recognised from residential units and industrial buildings, it said.
No dividend was declared for the half year, unchanged from the year before.
Margaretha Widjaja, Sinarmas Land&rsquo s executive director and vice-chairman of Sinarmas Land&rsquo s Indonesia division, said the company will adopt a cautious approach in response to the volatile macroeconomic environment.
She noted several factors that continue to hinder global economic progress, including heightened geopolitical tensions, domestic unrest, a high interest-rate environment and sluggish economic growth in developed nations.
There are also concerns of a potential US recession, while the recent sharp decline in global stock markets could lead to risk-averse behaviour among investors, potentially affecting property prices worldwide, she said.
&ldquo We will continue to monitor property markets and adjust strategies accordingly, anticipating that central banks may move slowly towards rate cuts to counter persistently high inflation and stimulate economic growth,&rdquo she added.
If you run a screen on the SGX website for companies with a mkt cap over S$100m and a dividend yield over 9% then you come up with the following companies: Daiwa Logistics Trust, China Everbright, Capland China Trust, Cromwell REIT, Multi-Chem, United Hampshire REIT, ARA HTrust, HPH Trust, Pacific Century, EliteCom REIT, Asian PayTV Trust, KepPacOakREIT, Prime US REIT, Manulife REIT.
There is clearly a reason why these companies trade at over a 9% yield &ndash the market has risk concerns. As an investor the challenge and the opportunity is to work out which of these are those where the market has assessed the risks correctly and the companies genuinely are dogs, and which of these have risks that the market has overestimated/misassessed and are in fact gems.
There is clearly a reason why these companies trade at over a 9% yield &ndash the market has risk concerns. As an investor the challenge and the opportunity is to work out which of these are those where the market has assessed the risks correctly and the companies genuinely are dogs, and which of these have risks that the market has overestimated/misassessed and are in fact gems.
Coud you name the stocks with more than 10% yield? Tia
Exactly. And with this stock you are not paid to wait. This stock is undervalued vs fundamentals, fine. The question is where is the catalyst, and when.
There are many stocks on SGX that are significantly undervalued vs fundamentals, waiting for a catalyst. But some of these stocks trade at 10%+ dividend yield, so at least you get a decent return whilst waiting for the catalyst.
There are many stocks on SGX that are significantly undervalued vs fundamentals, waiting for a catalyst. But some of these stocks trade at 10%+ dividend yield, so at least you get a decent return whilst waiting for the catalyst.
Indon towkay.....wait long long loh
Alignment ( Date: 23-Apr-2024 14:18) Posted:
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If someone believes that the majority shareholder is about to make a takeover offer at a significant premium to the current share price or pay a massive special dividend, then that would be a good reason to buy. Theoretically one cannot rule out either possibility. But where is the evidence that something like this may happen anytime soon? It does not appear to be borne out by the company' s historic behaviour.
From Alignment comments, I surmise this is a company to avoid or sell off.
Does not matter how cheap a company is relative to fundamentals if there is no path for minority investors to see any return from the company' s performance.
It seems to me the company is almost trolling its investor base with its dividend. I had difficulty counting the zeros after the decimal place to work out the miniscule dividend amount. The cherry on the cake is that it gets paid in late September, a full seven months after it was announced. What an amusing company.
It seems to me the company is almost trolling its investor base with its dividend. I had difficulty counting the zeros after the decimal place to work out the miniscule dividend amount. The cherry on the cake is that it gets paid in late September, a full seven months after it was announced. What an amusing company.