Sing Holdings

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http://infopub.sgx.com/FileOpen/Parc...&FileID=478030

230 units sold.

looks more like 92% of the 250 units launched as at 6pm today.
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(06-05-2017, 04:24 PM)Behappyalways Wrote: Travelodge Docklands - 6.12% (based on FY2016 EBITDA)
http://infopub.sgx.com/FileOpen/AGM%2020...eID=450155

6.12% EBITDA??? Are they insane?  Tax is 30% and the commercial interest rate is a min. of 3.4%+risk margin (http://www.commercial-loans.net.au).  Wow!  LEE SZE HAO if you are reading this, I've got prime NY real estate for sale!
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Value trap or market imperfection????

The land cost of Parc Botannia project is $515.3psf ( $287.1m / 557150sqf)


http://infopub.sgx.com/FileOpen/Announce...eID=422708

Their 30% JV Wee Hur should be able to bring down the construction cost. Let's assume the construction and miscellaneous cost to be $365psf, then the breakeven cost for the project would be $880psf.

Assuming selling price of $1280psf and totally sold by TOP, profit of $400psf


http://www.straitstimes.com/business/pro...days-begin

Total Gross Profit of $222.86m ($400psf x 557150sqf)

Assuming total 30% off Gross Profit due to tax, interest cost and other miscellaneous cost, Net Profit of $156m (70% x $222.86m)

Sing Holdings' share of profit from the joint venture(70%) is $109m (70% x 156m)

That is about 27 cents per share out of 400m shares.
You can find more of my postings in http://investideas.net/forum/
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http://infopub.sgx.com/FileOpen/_Form%20...eID=483416

A director bought 165,000 shares at $0.44 last Friday. He also happens to be the founder of Smartflex.
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The same director added 435,000 shares last Thursday and Friday.

http://infopub.sgx.com/FileOpen/_Form%20...eID=485107
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TTG bought more shares... something brewing?
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(06-05-2017, 04:24 PM)Behappyalways Wrote: Travelodge Docklands - 6.12% (based on FY2016 EBITDA)
http://infopub.sgx.com/FileOpen/AGM%2020...eID=450155

(20-01-2018, 08:50 PM)MLinvestor Wrote: TTG bought more shares... something brewing?

according to an agent's FB post:

🌿PARC BOTANNIA - LATEST UPDATE

💪🏻7 UNITS JUST SOLD IN ONE DAY!
💪🏻11 UNITS SOLD IN ONE WEEKEND!
💪🏻33 UNITS SOLD SINCE 1ST JAN!

so maybe he was just encouraged by the pick up in sales in Parc Botannia so far in Jan.
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The increased in sales probably due to increased in selling prices of units from Jan 22 onwards.
I read from somewhere that company going to increase prices from Jan 22. That's 2 months after the initial launch. Company has released 357 units so far. Could be releasing the remaining units on Jan 22.
You can find more of my postings in http://investideas.net/forum/
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the project managed to sell a few more units after the price increase and has crossed the 300 units sold mark.
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6 more units sold for Parc Botannia last week after the 2% price increase bringing the total sold to 303 units (41.2% sold).
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