Tuan Sing    Last:0.31    -0.005

PRIVATISE AT 50CENTS

As goes with ah beng, ah seng today.... property in play today....

rayoflight      ( Date: 24-Oct-2017 09:42) Posted: Broke out!!!!!!

 

Broke out!!!!!!

 

Seems like TS is always very quiet before events. It can go pause for a period den suddenly bumped.

Thursday 26th Oct results.

Stay tune

 

Straits Times column today said Tuan Sing is on traders' radar - wonder what that means?  Good or bad?  Anyway, hopefully, the good tree will yield good fruit soon, and that Q3 results this week will bring forth some good news.  I hope to see dividends of 1 cent per  year at least, once Robinson Towers is completed (not too greedy).  Now still quite stingy with their dividends.  Congrats to all vested. 

 

Gultech has been performing very well since last yr.

R they trying to sell their Gultech stake away? hmmmm

 

 

TS is slightly different from other mid-sized
Property developers given its hotels, retail, trading, tech and commercial office developments. It was classified as "multi-industry" for many years actually - its also more like a mini CapLand due to its diverse holdings. But this is both good and bad (ie diffused focus).

calvinlooi      ( Date: 20-Oct-2017 08:30) Posted: All property and developer with good result. Tuan Sing follow?

 

All property and developer with good result. Tuan Sing follow?
 

 

Sudden U-turn of mr mkt mood..

 

Well, at least we know from the recent DBS report highlighting TS as an industry " outperformer" that its on their radar at least.  Frankly, I' m not keen on this being a rocket ship but keener to see this gradually rise to its NTA of about 77-80cents by the time Robinson Towers is completed in 2H 2018.  I would be very upset if there is any privatisation at a bargain basement price below 50cents etc.

rayoflight      ( Date: 19-Oct-2017 14:22) Posted: DBS upgrades CES. So far i didn' t see any analysts report on Tuan Sing yet which is quite sad

 

Once breakout of 435.. i think its gonna go 50c

Very nice flag

 

DBS upgrades CES.


So far i didn' t see any analysts report on Tuan Sing yet which is quite sad

 

CES, Lian Beng, Oxley all already move up but Tuan Sing still sitting comfortably....

 

Btw - I also expect the 31 Dec 2018 financials to show a boost to NTA once Robsinson Towers is revalued as I don't think the current NTA reflects its full market value.

 

Excellent - where did this info come from? Q3 is even earlier than what I expected of Q4 2018. Meaning less than one year to the transformation of this ignored undervalued company into the major league at Raffles Place with two large freehold office buildings.

helloisme      ( Date: 18-Oct-2017 08:46) Posted: Robinson Tower Factsheets (For Reference Only) Tenure Freehold Total NLA 193,943 sqft Total GFA 259,254 sqft Estimated TOP Retail / F& B in Q3 2018

 

Robinson Tower Factsheets (For Reference Only)

Tenure	Freehold
Total NLA	193,943 sqft
Total GFA	259,254 sqft

Estimated TOP Retail / F& B in Q3 2018

 

Thank you Goldfinger for your diligent update :-) 

Goldfinger      ( Date: 18-Oct-2017 07:21) Posted: Just passed Robinson Towers and it's now built up to 21st floor - which means it is three quarters completed in terms of the building structure of 28 floors. And I saw the windows being put up too! MARTIALART      ( Date: 14-Oct-2017 20:57) Posted: Goldfinger, I agree with you that we shall sell only when Robinson Tower is completed. How high the Tuan Sing share will reach is anybody' s guess. But a good guide is to refer to its Price/Book ratio. In 1999, its P/B was > 2x , but last year it was 0.4x. I believe mean to reversion will bring its P/B comparable to the avergae property P/B which is about 0.9x.  During the 1998 Asia Financial Crisis, average market P/B was 0.4, while the 2008 Global Financial Crisis it was 0.5x. I ask myself: Why is Tuan Sing suffering from such low P/B as if it is experiencing the financial crisis? Is Tuan Sing really that bad? In fact, if one look at URA statistics on the potential supply of residential units and office space, you notice a vast reduction of supplies from year 2012 to 2017. In year 2019, we may even face acute shortage of office space. When demand finally exceeds supply, price will go up, which will pull up the P/B. Tuan Sing has many good office properties. That brings my confidence in this share. By the way, I went to see the Robinson Tower today. I was excited to see some floors with glass window fixed already. Looks like the the whole project can be completed by August next year.

 

Just passed Robinson Towers and it's now built up to 21st floor - which means it is three quarters completed in terms of the building structure of 28 floors. And I saw the windows being put up too!

MARTIALART      ( Date: 14-Oct-2017 20:57) Posted: Goldfinger, I agree with you that we shall sell only when Robinson Tower is completed. How high the Tuan Sing share will reach is anybody' s guess. But a good guide is to refer to its Price/Book ratio. In 1999, its P/B was > 2x , but last year it was 0.4x. I believe mean to reversion will bring its P/B comparable to the avergae property P/B which is about 0.9x.  During the 1998 Asia Financial Crisis, average market P/B was 0.4, while the 2008 Global Financial Crisis it was 0.5x. I ask myself: Why is Tuan Sing suffering from such low P/B as if it is experiencing the financial crisis? Is Tuan Sing really that bad? In fact, if one look at URA statistics on the potential supply of residential units and office space, you notice a vast reduction of supplies from year 2012 to 2017. In year 2019, we may even face acute shortage of office space. When demand finally exceeds supply, price will go up, which will pull up the P/B. Tuan Sing has many good office properties. That brings my confidence in this share. By the way, I went to see the Robinson Tower today. I was excited to see some floors with glass window fixed already. Looks like the the whole project can be completed by August next year.

 

Good buy

 

Price up today. Looks like I'm not the only person who took note of the research report. Good to see that reputable Analysts are also beginning to take note of this company as well. Congrats to all vested like me. :)

Goldfinger      ( Date: 15-Oct-2017 18:30) Posted: Couldn't believe my eyes when I saw this report calling Tuan Sing an example of a construction sector "outperformer". So so very happy for all of us vested! Have a great week ahead all! http://research.sginvestors.io/2017/10/singapore-market-focus-dbs-research-2017-10-13.html?m=1

 

Think a lot of money is being spent on debt costs for developing Robinson Towers and the costs of purchasing and developing its Singapore residential projects and new Sime Darby Centre - hopefully these will start reaping dividends once they are completed and property units sold etc.

andychew.eh      ( Date: 15-Oct-2017 21:21) Posted: Holding Tuan Sing. But dont understand why their net profits "so lousy" . Expected to be good but "results way below market expectations. Could be due to high debts costs.