Sing Holdings

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Besides the analyst report, azure capital fund is also supporting and pushing this counter. Fundamentally the co has not change in the way it treats OPMI. Even if the Fernvale project is launched and successful, it will be the case similar to the other projects and OPMI will not get to enjoy the profits. It'll probably be plough back into more acquisition and life goes on..... Unless management changes it's leopard spot it will continue to stay severely undervalue....value trap.

DYODD pls
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http://infopub.sgx.com/FileOpen/Disposal...eID=470148

Profit warning but loss of < 1c had been warned in the earlier announcement:

http://infopub.sgx.com/FileOpen/Announce...eID=442985
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https://www.nextinsight.net/story-archiv...t-catalyst
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So in the end, Robin Residence project made a loss. This shows the difficulty in projecting the estimated profits for each housing project. Furthermore, if you scan through the old posts here, you will notice how unfriendly the mgmt is to minority shareholders.
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they made decent profits for robin residences. the relatively small $4m write off is for the remaining 29 units.
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http://infopub.sgx.com/FileOpen/_FORM%20...eID=474447

Independent Director Ong Loke Min David bought 200 lots at between 0.470 and 0.485.
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The showflat for Parc Botannia will open on 28th Oct, this Sat.

https://www.parc-botannia-official2017.c...t-is-Ready
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http://infopub.sgx.com/FileOpen/Press%20...eID=476592

at a breakeven cost of 900psf or less and an average selling price of 1280psf, isn't the earnings from this project alone already > $0.37 per share?
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$3.1m write-off for Robin Residences offset partially by recurring income of >$2m. Net loss for the quarter $1.1m. NAV at 63.58c.
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盛港私人公寓“翠林苑”发售 首阶段单位已售出八成
http://www.channel8news.sg/news8/latestn...81110.html
You can find more of my postings in http://investideas.net/forum/
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