San Teh

San Teh

Postby ichew » Fri Apr 16, 2010 9:11 am

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

selling part of cement biz for S$170.1m

as at AR09 (Dec09)

num of sh = 347m
cash = 24.305m + this 170.1m
debt = 65.177m
net cash = $0.37 per sh

coy nv say they be returning cash to shdrs
could this be another LionAPAC? where shdrs need to make a lot of noise n pray tat cash be returned ?

akan datang
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Re: San Teh

Postby ichew » Wed Apr 21, 2010 9:20 am

queried by sgx last nite
summary =
after exercise
cash = 194.405m
debt = 65.177m
2 projects = 102.5m
left with cash = 26.728m or $0.077

not much meat for dividend
avoid!
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Re: San Teh

Postby behappyalways » Sun Aug 28, 2011 12:09 am

血要热 头脑要冷 骨头要硬
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Re: San Teh

Postby behappyalways » Wed Feb 26, 2014 7:49 pm

If you are interested in hotel and property play in China......This is a good bet......Mr Kao is one of the shrewdest in biz. May be worth a look in 4Q2014.....

Not Vested


2014 will be a new milestone for the Group as the construction of the 4-storey shopping mall and the 10-storey Small Office, Home Office apartment block at Shanghai Anting will be completed during the year. The commercial launch of the project is targeted in the fourth quarter of 2014. Construction of first phase of the property project at Dali is scheduled to commence in March 2014. We have awarded the contract to the main contractor for the project and we aim to obtain the pre-sale permit by end of 2014.
The build-and-transfer residential project at Anxi is on schedule for completion in third quarter of 2014. Upon completion, the ownership of the project will be transferred to a local government affiliated company and we will thereafter begin to receive payment for the project in six half-yearly instalments. The Group expects the operating environment for the PVC pipes and fittings and hotel operations to remain challenging in the current year.


FY2013
http://infopub.sgx.com/FileOpen/SanTehF ... eID=276312
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Re: San Teh

Postby behappyalways » Mon Aug 04, 2014 5:35 pm

血要热 头脑要冷 骨头要硬
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Re: San Teh

Postby behappyalways » Tue Aug 05, 2014 10:13 am

one might need to reassess the company with the demise of Mr Kao

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Re: San Teh

Postby behappyalways » Wed Aug 13, 2014 5:56 pm

not vested

The property projects at Shanghai Anting, Fujian Anxi and Dali Heqing are progressing in accordance to our
planned completion schedule. The commercial launch of the 4-storey shopping mall at Shanghai Anting is
targeted in the fourth quarter of 2014. The Group will start to recognize rental income in the third quarter of 2014.
The build-and-transfer residential project at Anxi is on schedule for completion in the third quarter of 2014. Upon
completion, the ownership of the project will be transferred to a local government affiliated company and we will
thereafter begin to receive payment for the project in six half-yearly instalments.
The Group expects its PVC pipes and fittings and hotel operations to continue to face challenging business
environment.

1h2014 Result
http://infopub.sgx.com/FileOpen/SANTEH2 ... eID=309679
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Re: San Teh

Postby behappyalways » Wed Nov 12, 2014 6:50 pm

In view of the soft property market and the Plaza’s excellent location, the Group has revised its original intention of selling the 10-storey Small Office Home Office (“SOHO”) apartment building at the Plaza to holding it as an investment for rental income and potential appreciation in value in future. (cannot sell so keep????)


The Nantong hotel has been in the red for the past two years. The Group has conducted a thorough review of its business, prospects and the potential of the hotel building, and decided to: (i) discontinue the Nantong hotel operation and lease out the 6th to 26th floor of the hotel building to a third party hotel operator; and (ii) refurbish and convert the 1st to 5th floor of the building to a shopping mall and lease it out for rental income.

3Q2014
http://infopub.sgx.com/FileOpen/SANTEH3 ... eID=324198
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Re: San Teh

Postby behappyalways » Thu Aug 27, 2015 5:22 pm

Things might be different now without the late Mr Kao. The late Mr Kao was a shrewd businessman who build the cement plant in China from scratch and sold it for a good profit.

Now with his 2 sons taking over and no 'great' business on hand, might be difficult for both of them(创业难守成更难). Their ability to start a successful biz from scratch are not tested.

The only plus now is the discount to NTA. Hopefully the company could receive the $$$ from the Anxi BTO and then do another cash distribution which by then one should take advantage to cash out.


1H2015
http://infopub.sgx.com/FileOpen/SANTEH2 ... eID=364801
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Re: San Teh

Postby behappyalways » Sat Nov 05, 2016 6:14 pm

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