Straits Trading    Last:1.6    -0.02

Quality Gem

 

 

Special dividend coming?

 

Middle East money investing heavily in HK/China. Including this year already ADIA and Mubadala invested in Wanda and Multi Gold invested in Aoyuan. QIA has also this year bought a stake in China AMC already. Perhaps they somehow knew the bottom has happened already.

 

What is the impact?


Qatar Investment Authority joins consortium to take ESR Group private

Felicia Tan
Felicia Tan

 

If one unknown day, Ms Chew decides to launch another takeover a la    2007 maybe got hope for those who chase above S$2.60 for the big dividend in ' 21 like a certain popular investment adviser on youtube. However, unlike 17 yrs ago, no competing deep-pocketed counter-bidder[Lee family of OCBC] as of now. Lesson I learnt from watching from the sidelines 3 yrs ago after selling is: Never chase a stock for a dividend bigger than 15% coz the price is likely to adjust downwards by far more than the dividend quantum!

 

This is currently the stock with the largest losses in my portfolio, don' t know when I could recoup my losses.   I calculated, it would take more than 10 years based on dividend income.

 

Bought @ $1.452 just before the ex-dividend date. So still losing but I used to own this @ $1.985 from 2016 till 2021 before selling off my last shares $2.26 in 2021.

 

https://tradingeconomics.com/commodity/tin

kepoh88      ( Date: 13-Sep-2024 16:37) Posted: Tin increased 5,529 USD/MT or 21.75% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Tin reached an all time high of 200800 in September of 2022.

 

Tin increased 5,529 USD/MT or 21.75% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Tin reached an all time high of 200800 in September of 2022.

 

https://www.cnbc.com/video/2024/09/12/straits-trading-chew-gek-khim-building-real-estate-powerhouse.html
CNBC say..not i say

finjungle      ( Date: 13-Sep-2024 12:07) Posted: Property development in Penang Malaysia- good lord. Likely to be profitable???? who would buy? Look at the developements in JB, at the door steps of SG where one can see SG every second. No need to fly and the inconvenience of the airports! It is good to have hope against HOPE kepoh88      ( Date: 13-Sep-2024 11:54) Posted: She likes Penang..building an integrated developemnt of Straits City there , seems she very optimistic Penang will be game changer and alternative CBD

 

how about melaka hatten?

 

Property development in Penang Malaysia- good lord. Likely to be profitable???? who would buy? Look at the developements in JB, at the door steps of SG where one can see SG every second.

No need to fly and the inconvenience of the airports!

It is good to have hope against HOPE

kepoh88      ( Date: 13-Sep-2024 11:54) Posted: She likes Penang..building an integrated developemnt of Straits City there , seems she very optimistic Penang will be game changer and alternative CBD

 

She likes Penang..building an integrated developemnt of Straits City there ,
seems she very optimistic Penang will be game changer and alternative CBD

 

 

Dear Sister Chew, I didn' t even realise you had released your H1 results. It sucks I guess? Can you please do a takeover? I lower my expectation to $1.88?

2egg4kosong      ( Date: 07-Aug-2024 20:37) Posted: Dear Sister Chew, could you please do a GO since you already owned 70%. I am happy to let go at $2.00 a piece. It's depressing to see the share price keep dropping. Thank you.

 

Will low interest helps it?
1. Should help its property business
2. Help in lower borrowing cost
3. Tin price should up when interest and USD low
4. Help in fund management biz

 

Please check on its share price price trend againts EPS trend last 5 years - think close correlation. If earnings start to turn up significantly next 5 years then may be ok. Tough call...

 

hmmm should i cut loss on this hopeless counter ... so disappointing

 

Did not know the total borrowing is 1.63 billion! 
 

 

The announcement has not highlighted the total borrowings at #! December 2023 of S$1,630,000,000. That is right S$1.63 BILLION.

Repayment in the 12 months from 31 December 2024 is $292,000,000.

Would the Group be generating enough cash to repay???

Joelton      ( Date: 13-Aug-2024 11:40) Posted: Straits Trading Company&rsquo s H1 profit down 64.9% to S$5.2 million  Revenue was up 7.1 per cent at S$252.5 million STRAITS Trading Company : S20 +0.78%has reported a 64.9 per cent drop in net profit to S$5.2 million for the six months ended Jun 30.   The investment company reported in a bourse filing on Monday (Aug 12) that revenue was up 7.1 per cent at S$252.5 million, mainly due to fair-value gains in its logistics properties located in South Korea and Australia, and its properties in Singapore.   This was offset by an increase in expenses for its resources segment, with the cost of tin mining going up 19.2 per cent to S$192 million from the maintenance of a furnace that began in May, and despite more revenue having come in from higher-than-average tin prices.   &ldquo Other losses&rdquo rose to S$5.8 million, reversing a gain of S$19.2 million in the year-ago period as a result of the disposal of an investment property in Australia and lower fair-value gain on embedded derivative components of exchangeable bonds.   Expenses also grew as its hospitality segment, Crowne Plaza Penang Straits City, stepped up operations in preparation for its opening in August.   Earnings per share dipped to 1.2 Singapore cents from 3.3 cents. No dividend was declared for the period.   The group said that while the current environment is marked by escalating trade tensions and policy uncertainties, its balance sheet remains robust, with S$476.3 million in cash and bank balances.