Sing Holdings

[Chinaman]

At last this ticker breaks her 0.33 cts barrier…congratulation to those vested…

Next, lay back and hope for a favorable result / report card and look forward for next barrier at 0.38 cts…at this junction I achieved my breakeven point.

vested

[eauyong]

Congrats bro, I am also riding on boat33, hopefully upgrade to boat38 soon.
vested.

[Chinaman]

today their director bot over 1 million share.......closed at 33.5 cts..

That see...tomolo any 'chiong'......hope to see it touches 36 cts.

vested

Expected, my guess quite chun...today close at 36 cts.

[Chinaman]

today their director bot over 1 million share.......closed at 33.5 cts..

That see...tomolo any 'chiong'......hope to see it touches 36 cts.

vested

Expected, my guess quite chun...today close at 36 cts.
So next stop is 38 cts.....vested.

[behappyalways]

http://www.ura.gov.sg/pr/text/2008/pr08-55.html

http://www.ura.gov.sg/pr/text/2008/pr08-116.html

Mgmt said they will begin construction of the Robin plot in early 2013. It is not prudent if the management based their construction on the draft master plan, so most probably they will ignore the master plan 2013 and stick to 2008 master plan. Time is also a concern. The first piece of land in Robin was bought in Jan 2011 so they probably can't wait longer to launch and construct esp to wait till the final master plan 2013 which might only be near end 2013.

So my guess is no revision for the land in Robin by Sing Holdings and they will probably launch the project very soon.....


As for the punggol land. The gross floor area is over 400,000psf and if they made a profit of about $100psf, that would be around $40m or 10 cents a share......if $150psf, then 15 cents......I was told that EC profit recognition is only when completed so the earnings would only be recognised in 2015 or 2016....takes about 6-8mths to launch the project so most probably this EC will be launched in 2H2013.

Honestly I was quite surprised that Sing Holdings tendered for the plot of land....they probably quite 'frustrated' with their recent unsuccessful bids and with price of land appreciating it is quite hard for them.....could it be a signal that the mgmt changed their biz model? To me property is about leverage and esp so for a property developer. One should not put too much emphasis on fat margins but should rather focus on turnover with a not too bad profit margin. One good example is Far East.....and maybe Oxley.....which is why they can grow so fast.....To be honest the margins for those fast turnover is still very attractive because the actual amount invested by the property developers is only a certain percentage of the total cost since they could mortgage the land for a loan. The trick is turnover.....they must be able to sell the project with a not too bad profit margin.....

So 2013 might be a good year for the share price with 2 projects gonna launch soon starting with Robin and The Laurels's TOP. Personally I hope they can clinch another plot of land....Financially they should be able to do so with The Laurels's TOP soon......

[Chinaman]

Hmms, Punggol land they tender very high leh, desperate or hungry for land bank.

1 Sing Holdings Limited.......... $162,100,000
2 JBE Holdings Pte Ltd........... $148,920,000
3 FCL Place Pte. Ltd............. $143,880,000
4 Qingjian Realty Pte Ltd....... $143,700,000
5A Bellevue Properties Pte Ltd. $141,000,000
5B Mezzo Development Pte Ltd $141,000,000
7 CEL Property Pte Ltd......... $138,800,000

Land cost = $350 PSF
Const cost = $300 PSF
Financing cost = $80 PSF
Break-even price = $730 PSF

Not a good bargain for EC at such a location...EC at this location above $800 PSF i will not touch.

[behappyalways]

Yes definitely hungry for land.......esp when they are in punggol now instead of bukit timah area ^^

http://www.squarefoot.com.sg/trends-and ... land-sales

breakeven = $630 PSF here

[Chinaman]

Yes definitely hungry for land.......esp when they are in punggol now instead of bukit timah area ^^

http://www.squarefoot.com.sg/trends-and ... land-sales

breakeven = $630 PSF here

Oops! I using private residential project construction cost of approx $300 PSF...good quality interior finishes.
EC is under HDB....most project using cheap labour like China Construction.
Hence it is aro $200 PSF......$730-$100= $630 PSF (agar agar cannot run-out much)

[behappyalways]

that's why i said Sing Holdings is 'desperate'...hee hee EC also do now....hee hee...look at the land tender in alexandra....inching up higher and higher....you really need to have deep pockets to play this game now.....chow chow just land alone already close to $1000psf......

Yes definitely hungry for land.......esp when they are in punggol now instead of bukit timah area ^^

http://www.squarefoot.com.sg/trends-and ... land-sales

breakeven = $630 PSF here

Oops! I using private residential project construction cost of approx $300 PSF...good quality interior finishes.
EC is under HDB....most project using cheap labour like China Construction.
Hence it is aro $200 PSF......$730-$100= $630 PSF (agar agar cannot run-out much)

[Chinaman]

Anyway, for the past 1 week i am trying to let go SH @0.41 but its only peak at 0.405.

my cost price is 0.33 bot aro 1 yr ago.

my friend told me once The Laurels TOP, this counter sure hit at least 50 cts...Guarantee he added.