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market cap of the company is around $164m (400m shares x $0.41)

Plot of land in robin is $176m at cost (probably worth much more now if put to sale in market).....with possibility of increased in plot ratio....2.1, 2.8 or 3.5..........who knows....

Just bear this in mind and be patient .........
yesterday closing hse 8 selling again

not a call to buy or sell
result should be out soon and I hope the boss will start to do some buying......

by the way just for your infor if you do a search by typing coral edge ec.......you get to see some property guys beginning to advertise......with offers like $730psf.......
Result should be out tomorrow. URA Master Plan should be out by end May 2013. Endure!
(06-05-2013, 03:20 PM)old friend Wrote: [ -> ]Result should be out tomorrow. URA Master Plan should be out by end May 2013. Endure!

There is no pain in this counter, just upside and dividends for those who have patience!
do they have sustainable strong rental income? i just scared that after these 2 projects, singhldgs will end with no landbank
(06-05-2013, 05:38 PM)pianist Wrote: [ -> ]do they have sustainable strong rental income? i just scared that after these 2 projects, singhldgs will end with no landbank

No landbank is ok. They can always go overseas to do development. Or become a reverse takeover target since they will be in a NET CASH position.
When The Laurels' TOP in 3Q2013

Sing Holdings will have around $230-240m worth of shareholders fund. It will mainly own 3 assets, 2 plots of land and office units in Biz Tech Building.....

The Robin plot of land cost around $180m and Punggol around $170m(70% stake will be around $120m) and cost of office units are about $30m.......which meant a total of $330m ($180+$120+$30).

This meant the company would need to take up about $100m debt since the shareholders fund is around $230m(3Q2013). During the AGM, boss said the company try to follow a net debt to equity ratio of around 1(pg 88 of annual report) which meant the company could take on another $130m debt.....but let's not forget about the possible revised plot ratio of Robin, they will have to top up cash if they decided to go for higher plot ratio plus development costs for Robin and Punggol EC .......so if they adhere to the policy, I doubt they would be aggressive in land bids till more clarity on the plot ratio (during AGM, seems like they are going for EC now since first timers are not affected by curbs....let's see if the company bids for the next EC on may 9)

As for the debt level and cash flow.....

FY 2012 $673m worth of development properties of which it includes Robin($180m) and Punggol ($170m) two plots of land....meaning the other $320m worth of development properties are due to The Laurels....As we know the company already accounted for 70% progressive payments of The Laurels as of FY2012 and that it would TOP in 3Q2013. This meant that the company will be able to collect at least $320m by 3Q2013....together with its $57m cash on hand($45m project account), company will be able to pare down its debt levels significantly.

http://www.ura.gov.sg/lad/HBG/progressPayments.htm

my two cents worth.....

(if your story is clear, you will know what you are doing....whether you should buy or whether you should sell)
hse 21, 28 selling today
(06-05-2013, 04:55 PM)dydx Wrote: [ -> ]
(06-05-2013, 03:20 PM)old friend Wrote: [ -> ]Result should be out tomorrow. URA Master Plan should be out by end May 2013. Endure!

There is no pain in this counter, just upside and dividends for those who have patience!

Hi Bro behappy san,

check with you is the URA master plan 2013 out already?