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Sing Holdings
17-06-2020, 04:41 PM.
Post: #1581
RE: Sing Holdings
Q&A minutes https://links.sgx.com/FileOpen/SHL%20Min...eID=619240


Outlook and Prospects of the Company

2.14 The CEO noted that a few shareholders had queried about the lack of projects in the pipeline, the Company’s
future plans after the Parc Botannia project and what the Company views as its competitive advantage in
light of the challenging market conditions. The CEO shared that the Company has not committed to any
new projects at the moment. He noted that the lack of new projects at a high cost has now placed the
Company in a favorable position. He shared that the Company’s competitive advantage during these
challenging times are that the Company’s development project has been fully sold and the construction of
the same had been progressing well before the temporary suspension of work due to the Circuit Breaker. He
further noted that the Company is in healthy financial position, with low gearing and accessibility to standby
credit facilities. In this regard, he shared that the Company is well-positioned to take on new opportunities
now. The CEO shared that the Company’s plan is to continue to focus on property development for growth
and property investment for recurring income, which is in line with the Company’s core business.

2.15 The CEO noted that some shareholders have also queried if the Company’s preference was to deploy its
capital towards replenishment of its land bank or acquisition of additional investment properties. He noted
in response that the Company’s priority is to undertake development projects to achieve better returns.

2.16 To sum up his presentation, the CEO noted that the global economic outlook for 2020 will be adversely
impacted by the COVID-19 measures. He noted that 2020 is a tough year and that the Company will be
similarly affected by the impact of the COVID-19 pandemic. As a result of the COVID-19 measures, he
noted that revenue and profit recognition for the Company’s property development business will be delayed.
He further noted that the Company’s hotel business will face headwinds as tourism and business travel will
take a hit and are unlikely to recover to pre-COVID-19 levels in the near term. On the other hand, he shared
that the Company expects minimal impact on rental income from the Group’s industrial property, BizTech
Centre. The CEO noted that the impact on the Group’s financial performance for FY2020 will depend on
the duration and severity of the economic downturn and the rate of recovery. Going forward, he shared that
the Company will monitor the market closely and keep an active lookout for new business opportunities
while at the same time remaining vigilant.
=========== Signature ===========
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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