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Congratulations guys.
Huat ah.
PQTPQK ( Date: 15-Apr-2021 14:12) Posted:
seem strong today..
ozone2002 ( Date: 15-Apr-2021 12:44) Posted:
NTA $1 company but trading at severe discount only 20+c
gd luck dyod |
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seem strong today..
ozone2002 ( Date: 15-Apr-2021 12:44) Posted:
NTA $1 company but trading at severe discount only 20+c
gd luck dyodd
Joelton ( Date: 15-Apr-2021 11:33) Posted:
Sinarmas Land sells London property for £ 72m
MAINBOARD-LISTED Sinarmas Land has sold a freehold office and residential property in London for a cash consideration of £ 72 million (S$131.8 million), it said on Wednesday.
The property - Unlimited House, located at 10 Great Pulteney Street - was owned by Sinarmas' wholly-owned subsidiary SML Great. The freehold property provides 44,116 square feet of Grade-A office space and a self-contained five-unit residential block of 2,928 square feet.
Assuming that the disposal had been effected last Dec 31, and based on the consideration and pro forma net asset value of £ 56.5 million, the group would have recorded a gain on disposal of approximately £ 15.6 million, Sinarmas said.
Net tangible assets per share would have increased from S$1.02 to S$1.03, Sinarmas added.
The consideration was arrived at on a willing-buyer, willing-seller basis, and took into account the recent transaction prices of similar properties in the same location. Sinarmas added that the buyer had also undertaken its own valuation by a professional valuation firm.
It said the disposal - at this juncture of capital appreciation of properties in the same area - provided it with an opportunity to realise an " attractive rate of return on its investment" .
The group intends to apply the net proceeds for repayment of bank loan on the property, working capital, and/or for future acquisitions of investments or development properties.
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NTA $1 company but trading at severe discount only 20+c
gd luck dyodd
Joelton ( Date: 15-Apr-2021 11:33) Posted:
Sinarmas Land sells London property for £ 72m
MAINBOARD-LISTED Sinarmas Land has sold a freehold office and residential property in London for a cash consideration of £ 72 million (S$131.8 million), it said on Wednesday.
The property - Unlimited House, located at 10 Great Pulteney Street - was owned by Sinarmas' wholly-owned subsidiary SML Great. The freehold property provides 44,116 square feet of Grade-A office space and a self-contained five-unit residential block of 2,928 square feet.
Assuming that the disposal had been effected last Dec 31, and based on the consideration and pro forma net asset value of £ 56.5 million, the group would have recorded a gain on disposal of approximately £ 15.6 million, Sinarmas said.
Net tangible assets per share would have increased from S$1.02 to S$1.03, Sinarmas added.
The consideration was arrived at on a willing-buyer, willing-seller basis, and took into account the recent transaction prices of similar properties in the same location. Sinarmas added that the buyer had also undertaken its own valuation by a professional valuation firm.
It said the disposal - at this juncture of capital appreciation of properties in the same area - provided it with an opportunity to realise an " attractive rate of return on its investment" .
The group intends to apply the net proceeds for repayment of bank loan on the property, working capital, and/or for future acquisitions of investments or development properties.
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Thanks for the update.
So indeed there are news and I missed it.
So I exited (sell on news).
Not greedy.
Thanks.
Joelton ( Date: 15-Apr-2021 11:33) Posted:
Sinarmas Land sells London property for £ 72m
MAINBOARD-LISTED Sinarmas Land has sold a freehold office and residential property in London for a cash consideration of £ 72 million (S$131.8 million), it said on Wednesday.
The property - Unlimited House, located at 10 Great Pulteney Street - was owned by Sinarmas' wholly-owned subsidiary SML Great. The freehold property provides 44,116 square feet of Grade-A office space and a self-contained five-unit residential block of 2,928 square feet.
Assuming that the disposal had been effected last Dec 31, and based on the consideration and pro forma net asset value of £ 56.5 million, the group would have recorded a gain on disposal of approximately £ 15.6 million, Sinarmas said.
Net tangible assets per share would have increased from S$1.02 to S$1.03, Sinarmas added.
The consideration was arrived at on a willing-buyer, willing-seller basis, and took into account the recent transaction prices of similar properties in the same location. Sinarmas added that the buyer had also undertaken its own valuation by a professional valuation firm.
It said the disposal - at this juncture of capital appreciation of properties in the same area - provided it with an opportunity to realise an " attractive rate of return on its investment" .
The group intends to apply the net proceeds for repayment of bank loan on the property, working capital, and/or for future acquisitions of investments or development properties.
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Sinarmas Land sells London property for £ 72m
MAINBOARD-LISTED Sinarmas Land has sold a freehold office and residential property in London for a cash consideration of £ 72 million (S$131.8 million), it said on Wednesday.
The property - Unlimited House, located at 10 Great Pulteney Street - was owned by Sinarmas' wholly-owned subsidiary SML Great. The freehold property provides 44,116 square feet of Grade-A office space and a self-contained five-unit residential block of 2,928 square feet.
Assuming that the disposal had been effected last Dec 31, and based on the consideration and pro forma net asset value of £ 56.5 million, the group would have recorded a gain on disposal of approximately £ 15.6 million, Sinarmas said.
Net tangible assets per share would have increased from S$1.02 to S$1.03, Sinarmas added.
The consideration was arrived at on a willing-buyer, willing-seller basis, and took into account the recent transaction prices of similar properties in the same location. Sinarmas added that the buyer had also undertaken its own valuation by a professional valuation firm.
It said the disposal - at this juncture of capital appreciation of properties in the same area - provided it with an opportunity to realise an " attractive rate of return on its investment" .
The group intends to apply the net proceeds for repayment of bank loan on the property, working capital, and/or for future acquisitions of investments or development properties.
Someone jacked up the price.
More actions later or distribution?
Saw buy up on opening, and then buy up again from 260 to 270 (one mouth).
Now back to 260 / 265
Any news or analysts coverage?
Ok. You are right bro.
At group level around $1
Company level around 50c
superstartup ( Date: 12-Apr-2021 19:08) Posted:
Serious? NAV $1 ? . . . Later I go check. . .
ozone2002 ( Date: 12-Apr-2021 18:58) Posted:
Last:0.24  +0.01
NAV $1, share price at large discount to NAV
Buy in and wait for market to realise its undervaluedness
gd luck dyodd |
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Sinarmas, Mitsubishi, Surbana Jurong to develop a transit-oriented development in Greater Jakarta
MITBANA, a joint-venture company of Mitsubishi and Surbana Jurong, together with Sinarmas Land through its subsidiary Bumi Serpong Damai, on Monday announced that they will be jointly developing the first interconnected multi-modal transport complex in Greater Jakarta.
Spanning about six hectares in the Intermoda district of Bumi Serpong Damai (BSD) City, the new transit-oriented development (TOD) will offer access to multiple public transportation options, including road, rail, and park-and-ride facilities.
The approximately S$200 million project will also expand existing pedestrian connections from Cisauk train station, feature community facilities and a new town centre, and leverage smart technology to improve bus services within BSD City and other surrounding townships.
In a press statement on Monday, Sinarmas Land said that the Intermoda TOD is part of Mitbana and Sinarmas Land' s plan to transform over 100 hectares of greenfield land in BSD City into TODs comprising residential apartments, commercial properties, lifestyle amenities and public transport nodes.
" Mitbana will leverage Mitsubishi Corporation' s experience in curating urban developments and Surbana Jurong' s technical expertise in urban design to create a smart and high-quality TOD that is efficient and effective for its residents," said Hidetoshi Suzuki, chief operating officer of Mitbana.
Said Michael Widjaja, group chief executive officer at Sinarmas Land: " Despite the onset of Covid-19, we remain encouraged by the market' s strong fundamentals and continued interest in BSD City' s product offerings. The recent announcements by our government to promote foreign investment in Indonesia present tremendous potential for property development in BSD City. With the Indonesia market on the cusp of a strong recovery, Sinar Mas Land and Mitbana are well-poised to implement our plans for the Intermoda TOD."
According to Sinarmas Land, the Indonesian central bank' s recently eased mortgage policies - such as the relaxation of loan-to-value ratios for property mortgages and easing of mortgage disbursements to accredited property developers - are expected to improve overall affordability for local buyers and spur demand.
The development of Intermoda TOD is scheduled to start in 2022.
Serious? NAV $1 ? . . . Later I go check. . .
ozone2002 ( Date: 12-Apr-2021 18:58) Posted:
Last:0.24 +0.01
NAV $1, share price at large discount to NAV
Buy in and wait for market to realise its undervaluedness
gd luck dyodd
ozone2002 ( Date: 17-Dec-2020 18:44) Posted:
Last:0.2 +0.015
5 months more than 10% gain better than fixed D rates
Gd luck dyod |
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Last:0.24 +0.01
NAV $1, share price at large discount to NAV
Buy in and wait for market to realise its undervaluedness
gd luck dyoddozone2002 ( Date: 17-Dec-2020 18:44) Posted:
Last:0.2 +0.015
5 months more than 10% gain better than fixed D rates
Gd luck dyodd
ozone2002 ( Date: 20-Jul-2020 21:09) Posted:
Last:0.175  +0.001
NAV $1.1, widjaja family property biz
no brainer to be vested for the recovery and upside
gd luck dyodd |
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Today got volume.
MEDIA RELEASE
Mitbana and Sinar Mas Land Set to Embark on Maiden Transit-Oriented Development (TOD) in BSD City Singapore, 12 April 2021 &ndash Mitbana, a joint venture company of Mitsubishi Corporation and Surbana Jurong, together with Sinarmas Land Limited (&ldquo SML&rdquo ) through its subsidiary, PT Bumi Serpong Damai Tbk. (&ldquo BSDE&rdquo ), announced today that they will be jointly developing the first interconnected multi-modal transport complex in Greater Jakarta. This project is Mitbana&rsquo s maiden undertaking in Indonesia and is part of a growing partnership with SML. The new Transit-Oriented Development (TOD) is strategically located in the Intermoda district in Bumi Serpong Damai (BSD) City, BSDE&rsquo s largest established and thriving satellite township in Greater Jakarta. Capitalising on existing facilities built by BSDE, the Intermoda TOD will offer unparalleled access to multiple public transportation options including road, rail, and park-andride facilities to enhance last-mile connectivity and reduce congestion from the BSD area to Central Jakarta
Last:0.245 +0.045
Now better than cpf returns :)
Know how to spot undervalued stocks for the recovery play
Gd luck dyodd
ozone2002 ( Date: 17-Dec-2020 18:44) Posted:
Last:0.2 +0.015
5 months more than 10% gain better than fixed D rates
Gd luck dyodd
ozone2002 ( Date: 20-Jul-2020 21:09) Posted:
Last:0.175 +0.001
NAV $1.1, widjaja family property biz
no brainer to be vested for the recovery and upside
gd luck dyodd |
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Sinarmas 0.22 now. A laggard share finally slowly moving up. Hope can go back to old time glory.
Last:0.2 +0.015
5 months more than 10% gain better than fixed D rates
Gd luck dyodd
ozone2002 ( Date: 20-Jul-2020 21:09) Posted:
Last:0.175 +0.001
NAV $1.1, widjaja family property biz
no brainer to be vested for the recovery and upside
gd luck dyodd |
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Laggard Sinarmas is moving towards 20c today.
Price is slowly moving up.
A house of Rp 30 billion per unit used by Sinarmas Land, the most expensive in Indonesia
https://industri.kontan.co.id/news/sinarmas-land-tawarkan-rumah-termahal-di-indonesia-di-bsd-city
Looks like SinarMas Land multi billion high end project are in very high demands...
Mitsubishi Corporation and Surbana Jurong joint venture to form partnership with SinarMas Land to advance smart, sustainable transit-oriented developments in Indonesia
https://www.automotiveworld.com/news-releases/mitsubishi-corporation-and-surbana-jurong-joint-venture-to-form-partnership-with-sinarmas-land-to-advance-smart-sustainable-transit-oriented-developments-in-indonesia/
Looks like SinarMas Land JV is going to build a Mega Smart City...
