Tuan Sing    Last:0.31   -

PRIVATISE AT 50CENTS

Just passed 18 Robinson/Robinson Towers, and I think they are now built up to the 25th/26th floor.  So its quite within reach to complete the entire building structure with 28 floors  by end 2017.  Looks like Q3 2018 completion of 18 Robinson is now within reach, and rental revenues can commence.  A very memorable day once it opens - and I shall go down to the opening, as a proud minority.  Yeah.

 

a hold lot of patience needed for Tuan Sing man

 

Awesome! 435 today starting to get noticed again

 

Nicee keeping our fingers crossed.

heavily vested

 

It's very significant that Tuan Sing is finally being covered by a stock analyst/research house. It's been 5 years since I saw a Kim Eng report. And in the past, it was because SGX sponsored the reports.

 

Thank you for the update :-)

Goldfinger      ( Date: 05-Nov-2017 10:43) Posted: Keep the faith - it will be duly rewarded :) http://research.sginvestors.io/2017/11/tuan-sing-holdings-ltd-cimb-research-2017-11-03.html?m=1

 

Keep the faith - it will be duly rewarded :)

http://research.sginvestors.io/2017/11/tuan-sing-holdings-ltd-cimb-research-2017-11-03.html?m=1

 

Very happy to highlight that a stock reserch analyst is now covering Tuan Sing - CIMB.  People are now beginning to wake up to the potential value of this long ignored and undervalued company.

RNAV flagged of $1.10!!!  And trading well below book value, it says.

​ I smell more price upside coming.... so very sweet.

 

possible, last qtr Gultech provide the steady income for the group. On other hand since it is doing well, and not property related, might as well sell it while it is ' hot' and get some good $$$ returns to plough into the other property investments.Thanks for pointing this out.

rayoflight      ( Date: 02-Nov-2017 13:54) Posted: Dunno as well divestment of gultech gultech relist any guess?

 

Dunno as well

divestment of gultech
gultech relist

any guess?

 

any particular indication that Corp actions is coming ?
I am vested.

rayoflight      ( Date: 02-Nov-2017 12:52) Posted: Holding up well @ 420/425 hope got some corp actions soon

 

Holding up well @ 420/425

hope got some corp actions soon

 

Thanks Martial Art - so potentially $100m-$200m revaluation surplus from Robinson Towers perhaps? Hope they spread the joy with a bumper special dividend - fingers and toes crossed.

Goldfinger      ( Date: 29-Oct-2017 21:26) Posted: Thanks Martial Art - so potentially $100m-$200m rev MARTIALART      ( Date: 27-Oct-2017 12:34) Posted: Goldfinger There is further cost to this Robinson Tower. The 2016 annual report shows capital committment of $143 million. Part of this is for residential propertires. I believe the main bulk is for Robinson Tower. You can add this commitment figure to $396 million and get roughly how much Robinson Tower' s book value. From there you can calculate how much will the revaluation gain

 

Thanks Martial Art - so potentially $100m-$200m rev

MARTIALART      ( Date: 27-Oct-2017 12:34) Posted: Goldfinger There is further cost to this Robinson Tower. The 2016 annual report shows capital committment of $143 million. Part of this is for residential propertires. I believe the main bulk is for Robinson Tower. You can add this commitment figure to $396 million and get roughly how much Robinson Tower' s book value. From there you can calculate how much will the revaluation gain. Goldfinger      ( Date: 27-Oct-2017 07:24) Posted: Thanks Martial Art. This is very useful. Assuming no further costs, and if the completed building can be marked to market at about $2,500-$3,000psf (and its Freehold land unlike the others in Raffles Place), for the 250,000sf GFA, then it works out to the region of $625m to $750m, meaning a market revaluation surplus of between $225m to $350m which can be booked as profits? Or 20cts-30+cts per share! This is subject to the valuation report. They better pay out a good dividend end 2018!!

 

So shall I.

rayoflight      ( Date: 27-Oct-2017 12:26) Posted: i bought more again at 425 Just ridiculous.. results was expected since they didn' t have any developments TOP or anything. Most of the other subsidaries are inline.. Keep in freezer for 2018

 

Goldfinger

There is further cost to this Robinson Tower. The 2016 annual report shows capital committment of $143 million. Part of this is for residential propertires. I believe the main bulk is for Robinson Tower. You can add this commitment figure to $396 million and get roughly how much Robinson Tower' s book value. From there you can calculate how much will the revaluation gain.

Goldfinger      ( Date: 27-Oct-2017 07:24) Posted: Thanks Martial Art. This is very useful. Assuming no further costs, and if the completed building can be marked to market at about $2,500-$3,000psf (and its Freehold land unlike the others in Raffles Place), for the 250,000sf GFA, then it works out to the region of $625m to $750m, meaning a market revaluation surplus of between $225m to $350m which can be booked as profits? Or 20cts-30+cts per share! This is subject to the valuation report. They better pay out a good dividend end 2018!!! MARTIALART      ( Date: 27-Oct-2017 07:13) Posted: Goldfinger Cost of Robinson Tower as at 31/12/2016 was $396,954,000. It can be broken down as follow: Land cost                                                                        $231,400,000 Development charge (change the plot ratio to 13.9)          40,015,000 Revalution                                                                          62,209,000 Development cost upto 31/12/2016 including  interest capitalised                                                              63,330,000 The land cost of $231,400,000 is based on 2012 valuation. The revaluation $62,209,000 is the accumulated figure these 4 years.  I believe total value of this piece of land is quite different now

 

i bought more again at 425

Just ridiculous.. results was expected since they didn' t have any developments TOP or anything. Most of the other subsidaries are inline..

Keep in freezer for 2018
 

 

My big fear too...we shall protest if so.

rayoflight      ( Date: 27-Oct-2017 09:46) Posted: u know what guys? i feel that someone is going to make a very low ball offer to take it pte. the price actions too suspicious

 

URA 3rd qtr statistics had something interesting:

1. Potnetial supply of both residential and office units drop again. For residential, drop from 86,475 units in 2012 to 35,022 units now. For office, from 1,160,000 m in 2012 to 607,000 now. Again, office units to be completed in 2019 is low.

2. Office rent rose in 3Q, compared to a decline in Q2.

Many people have underestimated the effect of enbloc. When an estate is sold enbloc, the units have to be displaced. The occupiers, either the owners or tenants, have to find a new unit. That creates demand. I believe some enbloc owners will buy addtional units from their surplus cash. For these 2 years, there might be 10,000 units to be displaced under enbloc. The imbalance next year will have great impact on house price.   

 

u know what guys?

i feel that someone is going to make a very low ball offer to take it pte.

the price actions too suspicious