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09-01-2012, 12:53 PM
(This post was last modified: 09-01-2012, 12:59 PM by propertyinvestor.)
(03-01-2012, 10:29 PM)header Wrote: Launch in Jan 2012? V unlikely now because of the additional stamp duty....
Cash balance? I believe it is mainly in Laurels project co and I believe under project a/c, the project co cannot use the cash unless the project is completed. This is to protect interest of buyer...
Buy shares on the cheap? How much can they buy given the low liquidity?
They will time their launch is such a way that it when the project TOP, it will coincide with the completion of the Stevens MRT station.
They have already have sufficient cash balance on hand from the TOP of Bellerive project. Of course the substantial cash hoard sitting inside the Laurel's project a/c can only be taken out in 2013.
Sing Holdings will report a net profit of 5- 6million for Q4 2011, that would translate to a FY net profit of 24-25million this year. Or a 1000% increase in net profits. Net Profits for this year alone will hit 35million.
Sing Holdings will report a net profit of 5- 6million for Q4 2011, that would translate to a FY net profit of 24-25million this year. Or a 1000% increase in net profits. Net Profits for this year alone will hit 35million.