SingHoldings    Last:0.5    +0.005

Sing Holdings - Grossly undervalued

Traders wait for company to issue news 1st.
Investors on the other hand start to slowly accumulate before the Substantial Increase in Profit news hit the various Newswires.

 

Result in Feb. Company indicated substantial increase in profit for 2H2025.

superstartup      ( Date: 04-Nov-2025 12:31) Posted: Estimated EPS from North Gaia = 36 cents (S$0.36) North Gaia Sales = $863m (99% units) TOP obtained in July 2025 Sales of North Gaia will be recognised in upcoming result North Gaia Development Cost = $688m (100% completion, all related cost capitalised under this figure) Outstanding Shares = 401m Tax Rate 17% Company stated it will recognise substantial increase in profit from North Gaia for the upcoming result NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) - - - - - - -  Public data: 1) North Gaia Sales = $863m (99% units) Annual Report 2004 Page 2 &ldquo As at 2 April 2025, more than 99% of the units at North Gaia have been issued options to purchase, amounting to sales value of about $863 million. Upon revenue recognition, the Group anticipates a substantial increase in profit.&rdquo 2) Sales (and hence profit) from North Gaia will be recognised under 2H2025 result Annual Report 2004 Page 2 - Sales proceeds from the Group&rsquo s existing development property, North Gaia, an Executive Condominium (&ldquo EC&rdquo ), will be recognised as revenue only upon purchasers meeting eligibility conditions at Temporary Occupation Permit (&ldquo TOP&rdquo ) stage. 1H2025 Financial Statement released on 6 Aug 2025 - The Group&rsquo s EC development, North Gaia, is fully sold. TOP was obtained in July 2025 and proceeds from sales of the development will be recognised in 2H2025. The project is wholly-owned by the Group 3) North Gaia Development Cost = $688m (100% completion) (All cost, overheads, interest expenses were capitalised under the $688m)  1H2025 Financial Statement Page 2 and 13, 14 Annual Report 2004 Page 66, 77 & 78 4) Outstanding Shares = 401m 5)  NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) 6) Substantial Increase in Profit to be recognised in 2H2025 1H2025 Financial Statement  Page 17 - " As disclosed in the financial statements announcement for the six months and full year ended 31 December 2024, the Group will report a substantial increase in profit upon recognition of revenue from the completion of the EC development, North Gaia, which is expected to be in 2025. North Gaia has obtained TOP in July 2025 and the Group is currently handing over the units to eligible purchasers. Proceeds from sales of the development will be recognised as revenue in the financial statements for the six months and full year ending 31 December 2025 (&ldquo 2H/FY2025&rdquo ), and a substantial increase in profit will be reported."

 

Lets' go!

Same to Tuan Sing, and all property counters...

This is our year!!!

 

JurongW      ( Date: 05-Jan-2026 20:21) Posted: Yes, looks like triple top breakout on the charts.  Got good chance of moving towards 50 cents stockinvestor      ( Date: 05-Jan-2026 10:26) Posted: stock back at testing its multi-year highs at 48c and 48.5c.  seems to have found some resistance there though

 

Yes, looks like triple top breakout on the charts.  Got good chance of moving towards 50 cents

stockinvestor      ( Date: 05-Jan-2026 10:26) Posted: stock back at testing its multi-year highs at 48c and 48.5c.  seems to have found some resistance there though. superstartup      ( Date: 10-Nov-2025 09:26) Posted: No more cheap shares. Time to move up liao.

 

stock back at testing its multi-year highs at 48c and 48.5c.  seems to have found some resistance there though.

superstartup      ( Date: 10-Nov-2025 09:26) Posted: No more cheap shares. Time to move up liao.

 

Yes, with record profits will serve as tailwind for the stock to go beyond 50 cents. Hope this stock does well for you.

stockinvestor      ( Date: 18-Dec-2025 10:11) Posted: but with record profits likely to be announced in around 2 months time and record dividends likely, wouldn' t that be a possible catalyst for a further move up?  the company has also secured a decent landbank with joint venture partner sunway for the longer term earnings picture beyond February 2026. JurongW      ( Date: 18-Dec-2025 00:06) Posted: I used to own this stock and sold  all with a small profit after holding for a few years. Mostly from dividends collected at about 3% yield with some capitial appreciation. A boring stock with limited analyst coverage despite trading at substantial discount to its NAV.  When I saw today' s price at 46 cents, already not bad liao considering that it used to trade between 30 and 40 cents for long periods.

 

but with record profits likely to be announced in around 2 months time and record dividends likely, wouldn' t that be a possible catalyst for a further move up?  the company has also secured a decent landbank with joint venture partner sunway for the longer term earnings picture beyond February 2026.

JurongW      ( Date: 18-Dec-2025 00:06) Posted: I used to own this stock and sold  all with a small profit after holding for a few years. Mostly from dividends collected at about 3% yield with some capitial appreciation. A boring stock with limited analyst coverage despite trading at substantial discount to its NAV.  When I saw today' s price at 46 cents, already not bad liao considering that it used to trade between 30 and 40 cents for long periods.

 

Looks good.

Bear

JurongW      ( Date: 18-Dec-2025 00:06) Posted: I used to own this stock and sold  all with a small profit after holding for a few years. Mostly from dividends collected at about 3% yield with some capitial appreciation. A boring stock with limited analyst coverage despite trading at substantial discount to its NAV.  When I saw today' s price at 46 cents, already not bad liao considering that it used to trade between 30 and 40 cents for long periods.

 

I used to own this stock and sold  all with a small profit after holding for a few years. Mostly from dividends collected at about 3% yield with some capitial appreciation.
A boring stock with limited analyst coverage despite trading at substantial discount to its NAV. 
When I saw today' s price at 46 cents, already not bad liao considering that it used to trade between 30 and 40 cents for long periods.

 

Stock seems to be lagging other property developers which have been making new highs today/this month.

superstartup      ( Date: 11-Nov-2025 11:33) Posted: Some info. from TA Securities on Sunway' s combined Chuan Grove sites (SingHoldings is the Joint Venture partners holding 65% shares for the sites). Separately, property consultants project that selling prices for a combined Chuan Grove development could average SGD2,900&ndash 3,000 psf at launch. Based on this, we estimate a potential combined GDV of SGD2.6&ndash 2.8bn (RM9.3&ndash 9.6bn), positioning the JV&rsquo s Chuan Grove as one of the largest upcoming residential launches in Serangoon, with strong competitiveness and buyer appeal.

 

Plum Newton site garners 8 bids, topped by HH Investment at S$566.29 million or S$1,820 psf ppr

The top bid is higher than the S$1,300 to S$1,600 psf ppr predicted by analysts polled by The Business Times
https://www.businesstimes.com.sg/property/plum-newton-site-garners-8-bids-topped-hh-investment-s566-29-million-or-s1820-psf-ppr

This is the highest price psf ppr paid for a GLS site in the Core Central Region (CCR) since April 2018, when SC Global, together with New World Development and Far East Consortium, paid $2,377 psf ppr for a GLS site on Cuscaden Road

Based on the land price of $1,820 psf ppr, future launch prices at the site could potentially be around $3,400 psf to $3,600 psf, Yip reckons. PropNex head of research and content, Wong Siew Ying, is also projecting the selling price to be around $3,600 psf.

https://www.edgeprop.sg/property-news/hh-investment-tops-eight-bids-bukit-timah-road-gls-site-1820-psf-ppr

Yesterday' s highest GLS land price psf paid in 7 years could help Chuan Grove achieve a decent psf at launch next year. 

superstartup      ( Date: 11-Nov-2025 11:33) Posted: Some info. from TA Securities on Sunway' s combined Chuan Grove sites (SingHoldings is the Joint Venture partners holding 65% shares for the sites). Separately, property consultants project that selling prices for a combined Chuan Grove development could average SGD2,900&ndash 3,000 psf at launch. Based on this, we estimate a potential combined GDV of SGD2.6&ndash 2.8bn (RM9.3&ndash 9.6bn), positioning the JV&rsquo s Chuan Grove as one of the largest upcoming residential launches in Serangoon, with strong competitiveness and buyer appeal.

 

Some info. from TA Securities on Sunway' s combined Chuan Grove sites (SingHoldings is the Joint Venture partners holding 65% shares for the sites).

Separately, property consultants project that selling prices for a combined Chuan Grove development could average SGD2,900&ndash 3,000 psf at launch. Based on this, we estimate a potential combined GDV of SGD2.6&ndash 2.8bn (RM9.3&ndash 9.6bn), positioning the JV&rsquo s Chuan Grove as one of the largest upcoming residential launches in Serangoon, with strong competitiveness and buyer appeal.   

 

strong buying back at .475

superstartup      ( Date: 10-Nov-2025 09:26) Posted: No more cheap shares. Time to move up liao.

 

No more cheap shares.
Time to move up liao.

 

Slowly switch a bit from Tuan Sing to here for much better, huge earnings for the upcoming 2H result.   

superstartup      ( Date: 04-Nov-2025 12:31) Posted: Estimated EPS from North Gaia = 36 cents (S$0.36) North Gaia Sales = $863m (99% units) TOP obtained in July 2025 Sales of North Gaia will be recognised in upcoming result North Gaia Development Cost = $688m (100% completion, all related cost capitalised under this figure) Outstanding Shares = 401m Tax Rate 17% Company stated it will recognise substantial increase in profit from North Gaia for the upcoming result NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) - - - - - - -  Public data: 1) North Gaia Sales = $863m (99% units) Annual Report 2004 Page 2 &ldquo As at 2 April 2025, more than 99% of the units at North Gaia have been issued options to purchase, amounting to sales value of about $863 million. Upon revenue recognition, the Group anticipates a substantial increase in profit.&rdquo 2) Sales (and hence profit) from North Gaia will be recognised under 2H2025 result Annual Report 2004 Page 2 - Sales proceeds from the Group&rsquo s existing development property, North Gaia, an Executive Condominium (&ldquo EC&rdquo ), will be recognised as revenue only upon purchasers meeting eligibility conditions at Temporary Occupation Permit (&ldquo TOP&rdquo ) stage. 1H2025 Financial Statement released on 6 Aug 2025 - The Group&rsquo s EC development, North Gaia, is fully sold. TOP was obtained in July 2025 and proceeds from sales of the development will be recognised in 2H2025. The project is wholly-owned by the Group 3) North Gaia Development Cost = $688m (100% completion) (All cost, overheads, interest expenses were capitalised under the $688m)  1H2025 Financial Statement Page 2 and 13, 14 Annual Report 2004 Page 66, 77 & 78 4) Outstanding Shares = 401m 5)  NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) 6) Substantial Increase in Profit to be recognised in 2H2025 1H2025 Financial Statement  Page 17 - " As disclosed in the financial statements announcement for the six months and full year ended 31 December 2024, the Group will report a substantial increase in profit upon recognition of revenue from the completion of the EC development, North Gaia, which is expected to be in 2025. North Gaia has obtained TOP in July 2025 and the Group is currently handing over the units to eligible purchasers. Proceeds from sales of the development will be recognised as revenue in the financial statements for the six months and full year ending 31 December 2025 (&ldquo 2H/FY2025&rdquo ), and a substantial increase in profit will be reported."

 

Very stable in a sea of red.
Likely next week above 50 liao and continue the slow climb.
Visible substantial earnngs for the upcoming result.

superstartup      ( Date: 04-Nov-2025 12:31) Posted: Estimated EPS from North Gaia = 36 cents (S$0.36) North Gaia Sales = $863m (99% units) TOP obtained in July 2025 Sales of North Gaia will be recognised in upcoming result North Gaia Development Cost = $688m (100% completion, all related cost capitalised under this figure) Outstanding Shares = 401m Tax Rate 17% Company stated it will recognise substantial increase in profit from North Gaia for the upcoming result NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) - - - - - - -  Public data: 1) North Gaia Sales = $863m (99% units) Annual Report 2004 Page 2 &ldquo As at 2 April 2025, more than 99% of the units at North Gaia have been issued options to purchase, amounting to sales value of about $863 million. Upon revenue recognition, the Group anticipates a substantial increase in profit.&rdquo 2) Sales (and hence profit) from North Gaia will be recognised under 2H2025 result Annual Report 2004 Page 2 - Sales proceeds from the Group&rsquo s existing development property, North Gaia, an Executive Condominium (&ldquo EC&rdquo ), will be recognised as revenue only upon purchasers meeting eligibility conditions at Temporary Occupation Permit (&ldquo TOP&rdquo ) stage. 1H2025 Financial Statement released on 6 Aug 2025 - The Group&rsquo s EC development, North Gaia, is fully sold. TOP was obtained in July 2025 and proceeds from sales of the development will be recognised in 2H2025. The project is wholly-owned by the Group 3) North Gaia Development Cost = $688m (100% completion) (All cost, overheads, interest expenses were capitalised under the $688m)  1H2025 Financial Statement Page 2 and 13, 14 Annual Report 2004 Page 66, 77 & 78 4) Outstanding Shares = 401m 5)  NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) 6) Substantial Increase in Profit to be recognised in 2H2025 1H2025 Financial Statement  Page 17 - " As disclosed in the financial statements announcement for the six months and full year ended 31 December 2024, the Group will report a substantial increase in profit upon recognition of revenue from the completion of the EC development, North Gaia, which is expected to be in 2025. North Gaia has obtained TOP in July 2025 and the Group is currently handing over the units to eligible purchasers. Proceeds from sales of the development will be recognised as revenue in the financial statements for the six months and full year ending 31 December 2025 (&ldquo 2H/FY2025&rdquo ), and a substantial increase in profit will be reported."

 

Its a new 8 year high but fundamentals have improved so much more in the same 8 years. 

superstartup      ( Date: 04-Nov-2025 15:44) Posted: SingHoldings financial statements are simple to digest (unlike many other companies). There are also  clear disclosures accompanying the financial statements and Annual Report. I just provide the facts and directions to find the required data. (but as usual, please perform your own DD)

 

SingHoldings financial statements are simple to digest (unlike many other companies).
There are also  clear disclosures accompanying the financial statements and Annual Report.
I just provide the facts and directions to find the required data.

(but as usual, please perform your own DD)


 

 

wow, your analysis triggered 47.5c and 48c to be cleared today?  :)

superstartup      ( Date: 04-Nov-2025 12:31) Posted: Estimated EPS from North Gaia = 36 cents (S$0.36) North Gaia Sales = $863m (99% units) TOP obtained in July 2025 Sales of North Gaia will be recognised in upcoming result North Gaia Development Cost = $688m (100% completion, all related cost capitalised under this figure) Outstanding Shares = 401m Tax Rate 17% Company stated it will recognise substantial increase in profit from North Gaia for the upcoming result NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) - - - - - - -  Public data: 1) North Gaia Sales = $863m (99% units) Annual Report 2004 Page 2 &ldquo As at 2 April 2025, more than 99% of the units at North Gaia have been issued options to purchase, amounting to sales value of about $863 million. Upon revenue recognition, the Group anticipates a substantial increase in profit.&rdquo 2) Sales (and hence profit) from North Gaia will be recognised under 2H2025 result Annual Report 2004 Page 2 - Sales proceeds from the Group&rsquo s existing development property, North Gaia, an Executive Condominium (&ldquo EC&rdquo ), will be recognised as revenue only upon purchasers meeting eligibility conditions at Temporary Occupation Permit (&ldquo TOP&rdquo ) stage. 1H2025 Financial Statement released on 6 Aug 2025 - The Group&rsquo s EC development, North Gaia, is fully sold. TOP was obtained in July 2025 and proceeds from sales of the development will be recognised in 2H2025. The project is wholly-owned by the Group 3) North Gaia Development Cost = $688m (100% completion) (All cost, overheads, interest expenses were capitalised under the $688m)  1H2025 Financial Statement Page 2 and 13, 14 Annual Report 2004 Page 66, 77 & 78 4) Outstanding Shares = 401m 5)  NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings) 6) Substantial Increase in Profit to be recognised in 2H2025 1H2025 Financial Statement  Page 17 - " As disclosed in the financial statements announcement for the six months and full year ended 31 December 2024, the Group will report a substantial increase in profit upon recognition of revenue from the completion of the EC development, North Gaia, which is expected to be in 2025. North Gaia has obtained TOP in July 2025 and the Group is currently handing over the units to eligible purchasers. Proceeds from sales of the development will be recognised as revenue in the financial statements for the six months and full year ending 31 December 2025 (&ldquo 2H/FY2025&rdquo ), and a substantial increase in profit will be reported."

 

Estimated EPS from North Gaia = 36 cents (S$0.36)
North Gaia Sales = $863m (99% units)
TOP obtained in July 2025
Sales of North Gaia will be recognised in upcoming result
North Gaia Development Cost = $688m (100% completion, all related cost capitalised under this figure)
Outstanding Shares = 401m
Tax Rate 17%
Company stated it will recognise substantial increase in profit from North Gaia for the upcoming result
NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings)

- - - - - - - 
Public data:
1) North Gaia Sales = $863m (99% units)
Annual Report 2004 Page 2 &ldquo As at 2 April 2025, more than 99% of the units at North Gaia have been issued options to purchase, amounting to sales value of about $863 million. Upon revenue recognition, the Group anticipates a substantial increase in profit.&rdquo

2) Sales (and hence profit) from North Gaia will be recognised under 2H2025 result
Annual Report 2004 Page 2 - Sales proceeds from the Group&rsquo s existing development property, North Gaia, an Executive Condominium (&ldquo EC&rdquo ), will be recognised as revenue only upon purchasers meeting eligibility conditions at Temporary Occupation Permit (&ldquo TOP&rdquo ) stage.
1H2025 Financial Statement released on 6 Aug 2025 - The Group&rsquo s EC development, North Gaia, is fully sold. TOP was obtained in July 2025 and proceeds from sales of the development will be recognised in 2H2025. The project is wholly-owned by the Group

3) North Gaia Development Cost = $688m (100% completion) (All cost, overheads, interest expenses were capitalised under the $688m) 
1H2025 Financial Statement Page 2 and 13, 14
Annual Report 2004 Page 66, 77 & 78

4) Outstanding Shares = 401m

5)  NAV = 79c (as at 30 June 2025, yet to recognise North Gaia earnings)

6) Substantial Increase in Profit to be recognised in 2H2025
1H2025 Financial Statement  Page 17 - " As disclosed in the financial statements announcement for the six months and full year ended 31 December 2024, the Group will report a substantial increase in profit upon recognition of revenue from the completion of the EC development, North Gaia, which is expected to be in 2025. North Gaia has obtained TOP in July 2025 and the Group is currently handing over the units to eligible purchasers. Proceeds from sales of the development will be recognised as revenue in the financial statements for the six months and full year ending 31 December 2025 (&ldquo 2H/FY2025&rdquo ), and a substantial increase in profit will be reported."