Sing Holdings

[behappyalways]

Honestly i think it is too cheap to sell at 41....if one is not vested, one should be buying instead.....that's my personal view...

I think if you put 41 i am quite sure by this month end it should be done......not zhun don't blame me.....

NTA now 47.3 cents....Laurels TOP will bring NTA to 60 cents......Their industrial office units is priced at $580psf....they are selling above $800psf....check propertyguru....the office units will add another 4 cents to NTA.....so 64 cents.....the robin will add 15-20 cents....so revalued NTA is about 80 cents....and the desperado site in punggol will add.....lol....these few projects will sell so why sell so cheap....one danger though is stock market might crash......

For me i hope they launch Robin soon and the market can value the company better and the risk level of the company will be lower since sales will be booked....

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.

[behappyalways]

2 cents worth.....

37/38 and 43/44 have been the stock's resistance post-financial crisis.....

It broke 37/38 resistance a few mths back and last month when the STI Index fell, share price was able to hold at 37/38. This meant that the 37/38 resistance has become the support now......so most likely the share price would hover around 37/38 to 43/44.

Today share price closed at 42 but i doubt it would break 43/44 but if it does then it would be post-financial crisis high. Then we should be looking at around 60 cents. The catalyst might be a research report on sing holdings or launch of Robin site which i think should be pretty soon. The company was trying to rent out their robin properties(enbloc so the buildings are liveable) short-term till 31 dec 2012.....not sure if they rented out but the dateline suggests something after 31 dec.....

[Chinaman]

hehe, today let go a few lots at 42 cts....keeping the bulk for dividend...if 50 cts will dump somemore.
my friend said keep long term she can touch 70 cts.....anyway take some kopi-o profit first.

[behappyalways]

my gut feel is that it might hit around 60 cents at least...technically and also close to its NAV although NAV would rise further with the Robin launch...


wonder how much this project is selling....a good gauge for Sing's robin site.....

http://www.propertylaunchsingapore.com/robin-suites/

hehe, today let go a few lots at 42 cts....keeping the bulk for dividend...if 50 cts will dump somemore.
my friend said keep long term she can touch 70 cts.....anyway take some kopi-o profit first.

[behappyalways]

http://www.propertyguru.com.sg/project/ ... sions-1607

my gut feel is that it might hit around 60 cents at least...technically and also close to its NAV although NAV would rise further with the Robin launch...


wonder how much this project is selling....a good gauge for Sing's robin site.....

http://www.propertylaunchsingapore.com/robin-suites/

hehe, today let go a few lots at 42 cts....keeping the bulk for dividend...if 50 cts will dump somemore.
my friend said keep long term she can touch 70 cts.....anyway take some kopi-o profit first.

[behappyalways]

ESTABLISHMENT OF A JOINT VENTURE COMPANY
http://info.sgx.com/webcoranncatth.nsf/ ... penelement

[behappyalways]

Find it strange.....

The first surprise was when Sing Holdings bidded for the punggol EC. That meant that it was 'hungry' after several unsuccessful bids.

This punggol project is not really a big one in terms of capital investment by Sing Holdings and with The Laurels' TOP soon and Robin launching soon, it is not gonna cause any financial distress to the company.

strange is that why 'hungry' Sing Holdings would want to share with Maxdin and in the process i believe will outsource the construction to Maxdin. What value-add does Maxdin brings?

If the picture is the other way round in which Maxdin got the plot of land but allows Sing Holdings to come in with investment but agrees to outsource the construction to Maxdin then that i can understand since Maxdin is more of a construction company than property developer....

Sing Holdings indeed had try to JV with other developers to bid plot of land above $300m without sucess but to JV for a $162m EC project(lower construction cost).....????


maybe some more news in the making....or some more JV etc...let's see....

ESTABLISHMENT OF A JOINT VENTURE COMPANY
http://info.sgx.com/webcoranncatth.nsf/ ... penelement

[behappyalways]

Hit post financial crisis high today......looks like a breakout...........patient....

Let's look at some financials.......

EPS for 3Q2012 - 2.67cents
EPS for 9mths2012 - 6.82 cents
NTA for 3Q2012 - 47.25 cents

Valuation of trading properties - $560psf or a total of $29.84m
They are selling at market $850psf or a total of $45m. Under valuation of $15m or around 3.75 cents per share.

If grp's 4Q2012 earnings are same as 3Q2012 and adding 2 cents(out of 3.75 cents) of revaluation of trading properties, earnings for 4Q2012 could be around 4.5 cents.(2.67+2)

Hence estimated FY 2012 - 11.3 cents (6.8+4.5). PE of 4......i want bonus and good dividend!!!!
estimated NTA - 51.75 cents.

NAV is about 65 cents and when Robin is launched, NAV might go up to 80 cents.

2 cents worth.....

37/38 and 43/44 have been the stock's resistance post-financial crisis.....

It broke 37/38 resistance a few mths back and last month when the STI Index fell, share price was able to hold at 37/38. This meant that the 37/38 resistance has become the support now......so most likely the share price would hover around 37/38 to 43/44.

Today share price closed at 42 but i doubt it would break 43/44 but if it does then it would be post-financial crisis high. Then we should be looking at around 60 cents. The catalyst might be a research report on sing holdings or launch of Robin site which i think should be pretty soon. The company was trying to rent out their robin properties(enbloc so the buildings are liveable) short-term till 31 dec 2012.....not sure if they rented out but the dateline suggests something after 31 dec.....

[Chinaman]

at last she breaks the 45 cts barrier today....next barrier 48 cts think possible to cross before CNY.

stingy company pay little dividend to share holders....another metro holding case.

vested

[ngcheeki]

at last she breaks the 45 cts barrier today....next barrier 48 cts think possible to cross before CNY.

stingy company pay little dividend to share holders....another metro holding case.

vested

The main differences between Sing Holdings as oppose to Metro on dividend payments are

1. Metro holding had a lot of cash $$ whereas Sing Holding has little cash and not able to give good dividend. Will have to assess after "The Laurels" obtian TOP and see if they're "Stingy".
2. Metro Holding paid the major shareholder Jopie Ong obscene remuneration. However, Sing Holding paid to slightly high remuneration to the major shareholders, Lee family members.

By the way, the last traded price of Sing Holdings was 43 cents and I'm expecting it to come down further due to the latest property cooling measures announced on Friday.

Vested in Sing Holdings but not metro