Sing Holdings

[behappyalways]

I think this is the unit that they sold when they announce their 1Q interim

BizTech Centre
$905psf
Contract date Type Unit area (sq ft) Price ($psf) Price ($)
2014-04-28 Factory 958 905 866,950

1Q2014
http://infopub.sgx.com/FileOpen/SingHol ... eID=297327


The company will be flushed with cash in 2Q2014 with The Laurels receiving its CSC completion on 28 Mar 2014. There is $106m receivables in the balance sheet. Most probably it will collect most of it in 2Q2014.

one news I like is that they sold 1 unit of biz tech. Their holding cost is $535psf. My guess their selling price is $900psf -$1000psf. Guess they feel that industry units price is too good not to sell even though initially they wanted to keep for rental income. Hopefully they could sell more for my estimate of the full value of the trading properties is more than $40m compare to $28m at cost.

http://www.stproperty.sg/industrial-dir ... rial/10139

They are still timing their launch of Robin Residences.....guess they want to maximise the profits. Personally I hope that since the company would be flushed with cash in 2Q2014, they would use the cash to buy out the 60% minority shareholders and hence not constrained by the QC rules on Robin Residences.....They should get better value when the MRT line is up

From the agm.....
In march the company was looking at a london property for rental income. Not sure if it is still in discussion. Seems like the company will try to go for a higher proportion of income from rental. They mention that they would sell biz tech units if price is good

(my take is that since they are going into investment property then the likelihood of a capital distribution is unlikely as it is capital intensive)


FY2013_Presentation slides.pdf
http://infopub.sgx.com/FileOpen/FY2013_ ... eID=292636

[behappyalways]

Waterwoods -217 units sold left 156 units (as of 15/06/2014)

Update: The Laurels May 2014
Cumulative Units Sold to-date: 228
Median Price ($psf) in the Month: 2717
Units sold in the month: 1
Cumulative Units Launched but Unsold: 1
Total Number of Units: 229


Update: Waterwoods EC May 2014
Cumulative Units Sold to-date: 203
Median Price ($psf) in the Month: 814
Units sold in the month: 16
Cumulative Units Launched but Unsold: 170
Total Number of Units: 373

[behappyalways]

Went down to the site. The showroom is cover-up but I can see workers putting up the LED light. Hopefully they can do a preview this weekend so that sales will be accounted for in 2Q2014 result which is due in August.

went down to robin earlier. They are doing the carpark for visitors. Sentiment is not good so hope they can get good sales....

went down to robin road. They are setting up the showflat at the moment. The exterior for the showflat is up. Let's hope that they can launch the project in 1Q

[behappyalways]

Went down to the site. The showroom is cover-up but I can see workers putting up the LED light. Hopefully they can do a preview this weekend so that sales will be accounted for in 2Q2014 result which is due in August.

went down to robin earlier. They are doing the carpark for visitors. Sentiment is not good so hope they can get good sales....

went down to robin road. They are setting up the showflat at the moment. The exterior for the showflat is up. Let's hope that they can launch the project in 1Q

[behappyalways]

There was an unit sold on 1 May for $941psf but I doubt it belongs to Sing Holdings


BizTech Centre
$941psf
Contract date Type Unit area (sq ft) Price ($psf) Price ($)
2014-05-01 Factory 797 941 750,000

[behappyalways]

Please join us if you have stake and agree with the content by forwarding the email to the company.
http://www.valuebuddies.com/thread-23-p ... l#pid88833

[behappyalways]

ok I just sent out the email to sing holdings. 5 names......pls support if you own shares and agree to the content to the email. They simply have too much cash at the moment so let's 'remind' them to adjust the capital structure.



(15-06-2014 11:51 AM)Behappyalways Wrote:
2013 Annual Report

Page 92

33. Capital management

.......
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, RETURN CAPITAL TO SHAREHOLDERS or issue new shares........

[behappyalways]

Can Sing Holdings sell Robin Residences as 99 year leasehold?

All eyes on Spring Grove en bloc bid
http://www.stproperty.sg/articles-prope ... d/a/173072

[behappyalways]

Dear .......

We refer to your email on 14 July 2014.

With regard to a share buyback scheme, this issue has been deliberated
repeatedly by the Board of Directors. The Company's position and rationale,
as clearly explained in our email to you on 18 March 2014, remain the same.
Other than its operational needs, the Company requires a healthy cash
balance for business expansion and to ride through any market downturn.

On your second point, we hold a different view. Our shareholders invest in
the Company knowing it to be a property developer and investor. We will
continue to focus on our core business instead of trying to grow the Company
through share buyback.

Lastly, purchases made by Mr Lee Sze Hao and F. H. Lee Holdings (Pte)
Limited are purely their personal choices and as with all other
shareholders, such personal decisions are independent of the Company's
consideration. As Directors of the Company, the Board members steer the
Company and make decisions to the best interests of the Company.

Yours sincerely
Tay Puay Kuan
CFO

Please join us if you have stake and agree with the content by forwarding the email to the company.
http://www.valuebuddies.com/thread-23-p ... l#pid88833

[behappyalways]

The Group’s other development project, Robin Residences is a private condominium development undertaken solely by a wholly-owned subsidiary. Construction work has also commenced in 2Q2013. The development project has not been launched for sale publicly but through private viewing by interested purchasers, a few units have been issued an option to purchase amounting to contracted sales value of about S$37.3 million as at the date of this announcement. Revenue will be recognised progressively based on stage of construction from 3Q2014.

(not sure of the selling price but if selling price is $2200psf then total gross sales proceed if fully sold will be around $300m. So if they have contracted sales of $37.3m then roughly 10-15% sold. Their robinresidences' website is also partially up)

http://www.robinresidences.sg/

2Q2014 Results
http://infopub.sgx.com/FileOpen/SHL_2Q2 ... eID=309716