Tuan Sing    Last:0.315    +0.005

PRIVATISE AT 50CENTS

I' d always guessed that R18 was deliberately delayed to time with the CBD property up-cycle. 

Goldfinger      ( Date: 28-Dec-2017 10:45) Posted: Yes, definitely.  They have a lot of commercial and office space in 18 Robinson, Robinson Point, Sime Darby Centre and The Oxley.  Also in Perth Hyatt and Melbourne Hyatt hotel developments. canalrat      ( Date: 28-Dec-2017 10:28) Posted: http://www.businesstimes.com.sg/real-estate/office-market-starts-shifting-in-landlords-favour-again Good outlook for high grade office space should bode well for TS? :)

 

On the div pt, I' d be kind n say they are working towards establishing a bigger pool of sustainable recurrent income n will eventually increase the div.  Now, with R18, RP n more recently SDC in the bag, shareholders wld probably have something better to hope for going forward .... I certainly hope so, anyway. 

Goldfinger      ( Date: 27-Dec-2017 21:43) Posted: This time the big game and hyper catalyst will come once they complete 18 Robinson. It?s right next to CapitaGreen and will rise side by side. Once completed, this counter?s worth will be clear to all. And not including that TS freehold Robinson Point is only 50-100 meters or so across the road. TS may be stingy at giving dividends out but I never doubted the Liem family being savvy to buy good freehold properties cheap and fire sale prices. Qanghoo      ( Date: 27-Dec-2017 20:47) Posted: Wah, if got, I' ll sure get back in.  I used to hold a big pile.  But it was more like tuan sink than sing.  This time though, it looks like really becoming a syndicate darling.  I wldn' t put my own target px here cos I think there are many ' spies' here.

 

Yes, definitely.  They have a lot of commercial and office space in 18 Robinson, Robinson Point, Sime Darby Centre and The Oxley.  Also in Perth Hyatt and Melbourne Hyatt hotel developments.

canalrat      ( Date: 28-Dec-2017 10:28) Posted: http://www.businesstimes.com.sg/real-estate/office-market-starts-shifting-in-landlords-favour-again Good outlook for high grade office space should bode well for TS? :)

 

http://www.businesstimes.com.sg/real-estate/office-market-starts-shifting-in-landlords-favour-again Good outlook for high grade office space should bode well for TS? :)

 

Maybe and maybe not - but my personal view is that 60 cents by end 2018 and post 18 Robinson launch is rather achievable. Barring no unpleasant unforeseen events internal to company or external driven.

Anyway I think the NAV of 78cents is a joke. The real value is the market value of all its freehold comercial and Hotel properties, Gultech stake and residential land in Singapore, Batam and China. This is upwards of $1+ in my own view. DYODD.

spore1      ( Date: 27-Dec-2017 22:03) Posted: So price may rocket up to NAV 70+... Goldfinger      ( Date: 27-Dec-2017 21:43) Posted: This time the big game and hyper catalyst will come once they complete 18 Robinson. It?s right next to CapitaGreen and will rise side by side. Once completed, this counter?s worth will be clear to all. And not including that TS freehold Robinson Point is only 50-100 meters or so across the road. TS may be stingy at giving dividends out but I never doubted the Liem family being savvy to buy good freehold properties cheap and fire sale prices

 

So price may rocket up to NAV 70+...

Goldfinger      ( Date: 27-Dec-2017 21:43) Posted: This time the big game and hyper catalyst will come once they complete 18 Robinson. It?s right next to CapitaGreen and will rise side by side. Once completed, this counter?s worth will be clear to all. And not including that TS freehold Robinson Point is only 50-100 meters or so across the road. TS may be stingy at giving dividends out but I never doubted the Liem family being savvy to buy good freehold properties cheap and fire sale prices. Qanghoo      ( Date: 27-Dec-2017 20:47) Posted: Wah, if got, I' ll sure get back in.  I used to hold a big pile.  But it was more like tuan sink than sing.  This time though, it looks like really becoming a syndicate darling.  I wldn' t put my own target px here cos I think there are many ' spies' here.

 

This time the big game and hyper catalyst will come once they complete 18 Robinson. It?s right next to CapitaGreen and will rise side by side. Once completed, this counter?s worth will be clear to all. And not including that TS freehold Robinson Point is only 50-100 meters or so across the road.

TS may be stingy at giving dividends out but I never doubted the Liem family being savvy to buy good freehold properties cheap and fire sale prices.

Qanghoo      ( Date: 27-Dec-2017 20:47) Posted: Wah, if got, I' ll sure get back in.  I used to hold a big pile.  But it was more like tuan sink than sing.  This time though, it looks like really becoming a syndicate darling.  I wldn' t put my own target px here cos I think there are many ' spies' here.  Goldfinger      ( Date: 27-Dec-2017 19:08) Posted: Hope someone whacks down to 30cts so I can buy another pile of this counter. My target is 60 cents this time next year. DYODD

 

Wah, if got, I' ll sure get back in.  I used to hold a big pile.  But it was more like tuan sink than sing.  This time though, it looks like really becoming a syndicate darling.  I wldn' t put my own target px here cos I think there are many ' spies' here. 

Goldfinger      ( Date: 27-Dec-2017 19:08) Posted: Hope someone whacks down to 30cts so I can buy another pile of this counter. My target is 60 cents this time next year. DYODD. Whiskey4108      ( Date: 27-Dec-2017 19:02) Posted: Sustainable? Or just window dressing

 

Bro LOL 30c... can whack down to 44c this time I think many people buy in already lo..

Goldfinger      ( Date: 27-Dec-2017 19:08) Posted: Hope someone whacks down to 30cts so I can buy another pile of this counter. My target is 60 cents this time next year. DYODD. Whiskey4108      ( Date: 27-Dec-2017 19:02) Posted: Sustainable? Or just window dressing

 

Hope someone whacks down to 30cts so I can buy another pile of this counter. My target is 60 cents this time next year. DYODD.

Whiskey4108      ( Date: 27-Dec-2017 19:02) Posted: Sustainable? Or just window dressing? Goldfinger      ( Date: 27-Dec-2017 16:30) Posted: Sudden surge of buying interest

 

Sustainable? Or just window dressing?

Goldfinger      ( Date: 27-Dec-2017 16:30) Posted: Sudden surge of buying interest

 

Sudden surge of buying interest

 

I saw some empirical and research studies that say that property developers benefit in a high and rising inflation pro-growth environment ie they can sell their properties and developments and charge higher commercial rent. So I wouldn?t be too bothered personally by interest rates if TS is holding a lot of commercial and residential assets.

 

Saw this " Due to the high gearing of TSH, it is susceptible to movements in the interest rate. The group has the majority (> 90%) of borrowings pegged to a certain variable rate according to the 2016 Annual Report." Does anyone know how the FED interest rate hike and subsequent follow up by banks around the world will affect TSH' s net gearing? Little or noticible adverse effects?

 

The Big Question mark for me is the TS massive Batam land, at Marina City, the size of a HDB new town. If they build Medicare or retirement village concept targeting Singaporeans -
Could go ballistic!

Clipper      ( Date: 14-Dec-2017 16:27) Posted: I recalled Gold Fingers pointed out this REITs possibility sometime ago.  ​ From all angles, this TS looks like a winner in 2018. Now, what could go wrong ? Vested. Qanghoo      ( Date: 14-Dec-2017 13:34) Posted: Yep, this is why there is a lot of latent value in TS.  I also have another thought.  RP, R18 n SDC cld be eventually divested into a reit,  That wld unlock a lot, a lot more value for s/holders.

 

I recalled Gold Fingers pointed out this REITs possibility sometime ago. 
​ From all angles, this TS looks like a winner in 2018. Now, what could go wrong ? Vested.

Qanghoo      ( Date: 14-Dec-2017 13:34) Posted: Yep, this is why there is a lot of latent value in TS.  I also have another thought.  RP, R18 n SDC cld be eventually divested into a reit,  That wld unlock a lot, a lot more value for s/holders.  Goldfinger      ( Date: 14-Dec-2017 13:31) Posted: Chevron House is in the heart of Raffles Place, but only leasehold, and I thought not much more than 70 years left? 18 Robinson, Robinson Point and Sime Darby Centre are all 999yrs/FREEHOLD, as are the Hyatt Melbourne and Hyatt Perth developments, ie FREEHOLD.  This means these properties will be around FOREVER, and can always be redeveloped

 

Yep, this is why there is a lot of latent value in TS.  I also have another thought.  RP, R18 n SDC cld be eventually divested into a reit,  That wld unlock a lot, a lot more value for s/holders. 

Goldfinger      ( Date: 14-Dec-2017 13:31) Posted: Chevron House is in the heart of Raffles Place, but only leasehold, and I thought not much more than 70 years left? 18 Robinson, Robinson Point and Sime Darby Centre are all 999yrs/FREEHOLD, as are the Hyatt Melbourne and Hyatt Perth developments, ie FREEHOLD.  This means these properties will be around FOREVER, and can always be redeveloped. Qanghoo      ( Date: 14-Dec-2017 13:26) Posted: Today, this Tuan bumped up cos of the Chevron Hse sale.  R18' s land area is abt two thirds that of C Hse, but the net lettable areas are almose the same (R18' s sliightly  lower).  C Hse went for 660 mil.  R18 currently carried in the bks at 397 mil.  So, come Jan 19, upon completion, R18 shd probably hit > 500 mil in valuation, giving a valuation gain in excess of 100 mil.  Don' t forget too that there is likely to be a +ve impact on the value of RP.

 

Chevron House is in the heart of Raffles Place, but only leasehold, and I thought not much more than 70 years left? 18 Robinson, Robinson Point and Sime Darby Centre are all 999yrs/FREEHOLD, as are the Hyatt Melbourne and Hyatt Perth developments, ie FREEHOLD.  This means these properties will be around FOREVER, and can always be redeveloped.

Qanghoo      ( Date: 14-Dec-2017 13:26) Posted: Today, this Tuan bumped up cos of the Chevron Hse sale.  R18' s land area is abt two thirds that of C Hse, but the net lettable areas are almose the same (R18' s sliightly  lower).  C Hse went for 660 mil.  R18 currently carried in the bks at 397 mil.  So, come Jan 19, upon completion, R18 shd probably hit > 500 mil in valuation, giving a valuation gain in excess of 100 mil.  Don' t forget too that there is likely to be a +ve impact on the value of RP.  tonylim      ( Date: 14-Dec-2017 13:10) Posted: Tuan Sing poised to hit above 50 cent

 

Today, this Tuan bumped up cos of the Chevron Hse sale.  R18' s land area is abt two thirds that of C Hse, but the net lettable areas are almose the same (R18' s sliightly  lower).  C Hse went for 660 mil.  R18 currently carried in the bks at 397 mil.  So, come Jan 19, upon completion, R18 shd probably hit > 500 mil in valuation, giving a valuation gain in excess of 100 mil.  Don' t forget too that there is likely to be a +ve impact on the value of RP. 

tonylim      ( Date: 14-Dec-2017 13:10) Posted: Tuan Sing poised to hit above 50 cents Foo2019      ( Date: 14-Dec-2017 09:56) Posted: we will have a champagne next year ! :-

 

Tuan Sing poised to hit above 50 cents

Foo2019      ( Date: 14-Dec-2017 09:56) Posted: we will have a champagne next year ! :-) Whiskey4108      ( Date: 14-Dec-2017 09:46) Posted: Prominent upside activities today!! It wont be sticking around this range soon. Gonna hit 50c :