Sing Holdings

[old friend]

URA Master Plan 2013 out next week ?

[nitro]

1,201 lots purchased by F. H. Lee Holdings (Pte) Limited at S$0.4448 per share on 14 Feb 2013.

http://info.sgx.com/webcoranncatth.nsf/V...6003876C9/$file/FORM1_18.02.2013_LSL_final.pdf?openelement

with Lee holding a 34.52% stake now, will this become another SC Global?

[Behappyalways]

$854psf....


Contract date Type Unit area (sq ft) Price ($psf) Price ($)


2013-02-06 Factory 797 854 680,000

Contract date Type Unit area (sq ft) Price ($psf) Price ($)


2013-01-17 Factory 797 850 677,450

[Behappyalways]

http://www.shareinvestor.com/news/news.h...&nid=57910

[Behappyalways]

Sing Holdings FY2012 results show net profit higher by 96% to S$56.7mn - pays 1.6 cents dividend up from 1 cent in 2011
http://www.nracapital.com/Research/KevinBlog/714

[ngcheeki]

I'm still waiting for the URA Master plan which has not been out yet!! Anyway, the following is company research coverage initiation from AmFraser Research!!

We initiate coverage on Sing Holdings with a BUY rating and a fair value of S$0.56, based on a 40% discount to our RNAV estimates of S$0.94. Sing Holdings, a niche luxury developer that has recently moved into the EC segment which has strong supply‐demand dynamics, currently trades at a massive 56% discount to its RNAV. With earnings visibility and huge cash inflows from pre‐sold units of The Laurels and two other launches, Sing Holdings will boast of a stronger financial position and a stable dividend over FY13‐15. We expect its pipeline of projects to add S$0.33 to its current NAV.

https://www.amfraser.com.sg/gcsg/downloa...130305.pdf

[Behappyalways]

thx for infor.

I was at their Robin site 2 fridays ago. They have cleared the land and fenced up the area. Saw some construction workers there. In their full year announcements, they expect that construction would start in 2Q2013 and when I was there a fortnight ago, my take is that the company are going to build a showroom soon, right after the masterplan is out and stick to the old plot ratio.

But I have been reading from analysts that they expect Robin to be launch in 2014......if so then i take it that they are going to go for the new plot ratio.......

[propertyinvestor]

Thanks to AMFraser Buy call today! TP by AMFraser is 56cents

[Behappyalways]

Contract date Type Unit area (sq ft) Price ($psf) Price ($)


2013-02-28 Factory 904 850 768,400

[propertyinvestor]

Here is an update : Seems like the Launch of Robin is delayed till 2014 to coincide with the opening of Stevens MRT.