Sing Holdings

[propertyinvestor]

Still no special dividend. And no share buyback by boss despite the lifting of the blackout period

[brattzz]

Still no special dividend. And no share buyback by boss despite the lifting of the blackout period

Biz is fine leh, let the price come down and BUY BUY BUY!!

[propertyinvestor]

Still no special dividend. And no share buyback by boss despite the lifting of the blackout period

Biz is fine leh, let the price come down and BUY BUY BUY!!

Value trap compared to Tuan Sing

[brattzz]

Still no special dividend. And no share buyback by boss despite the lifting of the blackout period

Biz is fine leh, let the price come down and BUY BUY BUY!!

Value trap compared to Tuan Sing

Good for trade? buy at 30cts, sell at 37cts? since that is the narrow band it is operating in... fundamental sound, so low risk?!

[Behappyalways]

LAND PARCEL AT MEYAPPA CHETTIAR ROAD
http://www.ura.gov.sg/uol/media-room/new...4-50a.ashx

[propertyinvestor]

What kind of management is this? Bid so high for the land and refuing to pay special dividends to shareholders despite promising to reward shareholders after the full TOP of Laurels

[opmi]

^^ typical


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[CY09]

My overview of Sing Holdings now:

Currently Waterwoods units is 66.5% sold with overall GFA of 65.5% sold. In my view, the total sales upon TOP is likely to be at 75%; this is because till now the 5 bed rm and above are hardly moving. Therefore, for ppl who wish to value Sing Holdings FY 15 earnings which has 2 TOPs, its best to estimate revenue at 75% of waterwoods is sold.

For Robin residence, it is a mixed bag as we do not have any website to track units sold/unit size in Robin Residence other than URA's monthly update. my personal view is only 75% of Robin residence will be sold upon TOP in Q4 FY 15 at $2250 PSF as well.

For Land bidding, Sing Holdings is adamant to invest in residential with commercial plots. No doubt there is margin for developers to earn, but given the fact Chinese developers are in the mix, one can expect project development margins of 10%. It is likely Sing Holdings will bid for the Lorong Putong or Tampines Road site which will be out soon. And if they do not win any, a JV will be formed to jointly bid for Holland Road site in December 2014.

[Behappyalways]

My view is quite simple. I assumed Waterwoods' TOP in end 2015 or early 2016. Assuming TOP in 31 Dec 2015, that meant they have another 17 mths to go and they need to sell an average of 8 units a mth. My guess is that at the end of 2015, most probably the remaining units will be 5 rooms(who knows if Govt might relax some rules next year and spur the sale of big units). They are about less than 30 units of 5 rooms left. So I just take note that each month they need to sell average of 8 units and hopefully above $800psf.

As for Robin, I am quite happy that their sale price is above $2250psf. Their cost is around $1800 to $1850psf. That will give them a net profit margin of about 15%. And also room for price cut if need to but I doubt they need to do that. Robin is just a small project(total of 134 units) with good location, so they just need to sell about 8 units on average each month like Waterwoods to get it completely sold by 2015.

My overview of Sing Holdings now:

Currently Waterwoods units is 66.5% sold with overall GFA of 65.5% sold. In my view, the total sales upon TOP is likely to be at 75%; this is because till now the 5 bed rm and above are hardly moving. Therefore, for ppl who wish to value Sing Holdings FY 15 earnings which has 2 TOPs, its best to estimate revenue at 75% of waterwoods is sold.

For Robin residence, it is a mixed bag as we do not have any website to track units sold/unit size in Robin Residence other than URA's monthly update. my personal view is only 75% of Robin residence will be sold upon TOP in Q4 FY 15 at $2250 PSF as well.

For Land bidding, Sing Holdings is adamant to invest in residential with commercial plots. No doubt there is margin for developers to earn, but given the fact Chinese developers are in the mix, one can expect project development margins of 10%. It is likely Sing Holdings will bid for the Lorong Putong or Tampines Road site which will be out soon. And if they do not win any, a JV will be formed to jointly bid for Holland Road site in December 2014.

[Behappyalways]

Waterwoods....71% sold as of 31 August 2014.

24 units sold in August.
11 3-bedrooms
11 4-bedrooms
2 5-bedrooms

http://www.executivecondominium.sg/Waterwoods.html

They need to sell an average of 7 units for the next 16 mths to get it fully sold