Sing Holdings

Happy and cheeki this year quite quiet. Never ask Boss Lee any questions

Thanks to Mr Mano for bringing up some points.

you are quiet too...I was expecting you to question him about the XO carrot cake......

(11-04-2013, 12:20 AM)propertyinvestor Wrote: Happy and cheeki this year quite quiet. Never ask Boss Lee any questions

Thanks to Mr Mano for bringing up some points.

Thank you Ngcheeki san and Behappyalways san.

yesterday hse 21 & 28 selling

vested.

not a call to buy or sell

Report by Kim Eng on Sing Holdings

Privatisation Plays - From Hot Buns to Beams of Steel
http://www.maybank-keresearch.com.sg/

(11-04-2013, 09:36 AM)Behappyalways Wrote: Report by Kim Eng on Sing Holdings

Privatisation Plays - From Hot Buns to Beams of Steel
http://www.maybank-keresearch.com.sg/

Thank you for your link. RNAV of 83 cents!!

Attached is report related to Sing Holdings I'd extracted

(10-04-2013, 09:40 PM)ngcheeki Wrote: ...
Biz Tech @ Aljunied:
===================
Number of Units Sold: 39 out of 89
Percentage Sold by Units: 43.8%
Total Size 65,664 psf
Rental Rate: S$2.8 psf
average Selling price at S$850 and S$535 psf at book (balance sheet)
96% of the 50 units are rented out

Sing Holding intend to hold on the remaining units of Biz Tech for recurring rental income.
...

This is peculiar. The passing rental gives a gross yield of 4% and that rental rate might already be high for that area. Since the yield is not high at all, so why hang on for rental income? Must be looking for further capital gains IMO. Or else might as well invest in industrial reits.

If Kim Eng's latest RNAV estimate at $0.83 is indeed accurate enough, isn't Mr Market who is willing now to peg Sing Holdings' shares at only $0.435 a little too conservative? Even at a more reasonable or normal 40% discount on NAV - as a general valuation yardstick for property counters - Sing Holdings shares should be priced at close to the $0.50, shouldn't it? And why not, especially since the counter is now trading cum a total of $0.016/share in Final + Special dividends.

Of course, Kim Eng's estimate could be a little too aggressive!

SING HOLDINGS: On Robin plot ratio, new property strategy and dividends
http://www.nextinsight.net/index.php/sto...g-holdings-

how does this co relate to sif?

(11-04-2013, 02:00 AM)Behappyalways Wrote: you are quiet too...I was expecting you to question him about the XO carrot cake......

(11-04-2013, 12:20 AM)propertyinvestor Wrote: Happy and cheeki this year quite quiet. Never ask Boss Lee any questions

Thanks to Mr Mano for bringing up some points.

Peach Garden at OCBC is closed for renovation till the end of the month lah