(So kancheong......anyway the company stands to collect another $300m from The Laurels($663m-$180m-$180m) which is more than the current liabilities of $195m. (Bear in mind that company owned only 70% stake in The Laurels). )
Administrative expenses increased in 2Q2013 due to an accrual for bonus based on the Group’s results for 1H2013. Such accruals were only made at year-end in prior years.
(01-08-2013, 06:17 PM)kbl Wrote: [ -> ]http://infopub.sgx.com/FileOpen/SHL2Q201...eID=250323
EPS 2Q'13....2.54cts
NAV 2Q'13....55.55cts
(01-08-2013, 06:43 PM)Behappyalways Wrote: [ -> ](So kancheong......anyway the company stands to collect another $300m from The Laurels($663m-$180m-$180m) which is more than the current liabilities of $195m. (Bear in mind that company owned only 70% stake in The Laurels). )
When will the $300m under the development properties be reflected as cash in the current assets? After obtaining TOP for The laurels?
Also stated in the forward statement:
1. "98% of the units in The Laurels project have been sold" => No sale for The Laurels in July 2013.
2. The Group expects a lower profit for the next quarter, as 96% of the Laurels has already by recognized.
3. Construction work for the Pungol EC and Robin road properties have already been commenced in 2Q 2013. Since construction work has already been started for Robin project, will the group be able to take advantage if there is a revision of plot ratio?
Ok Sing Holdings made more money than Tuan Sing this quarter....well done!
Good morning Ngcheeki san, Behappyalways san, Propertyinvestor san and Every1.
from d *horse mouth*-1 unit sold in July.
What is the Fair Value for Sing Holdings going forward? Thank You.
<Vested>
3. No contracts awarded for the Robin site although in the past they awarded contract for The Laurels and recently contract for the Punggol EC. So my guess is that they are still waiting for the Master Plan...
(01-08-2013, 09:17 PM)ngcheeki Wrote: [ -> ]3. Construction work for the Pungol EC and Robin road properties have already been commenced in 2Q 2013. Since construction work has already been started for Robin project, will the group be able to take advantage if there is a revision of plot ratio?
At present price, the market cap is about the value of the Robin Plot at cost. But is the market value of the land now more than the cost? Would the Punggol EC sell well? Are the office units undervalued? Would the Robin plot site be revised and sell well?
But one thing I got to admit.....the mgmt knows how to take good care of themselves......mid year bonus....wow....how about mid-year dividend payout?
(02-08-2013, 08:33 AM)kbl Wrote: [ -> ]Good morning Ngcheeki san, Behappyalways san, Propertyinvestor san and Every1.
from d *horse mouth*-1 unit sold in July.
What is the Fair Value for Sing Holdings going forward? Thank You.
<Vested>
GFA of 500,000psf including balcony...slight more.....
The news reported that the Ecopolitan EC is 60% sold on its 1st day...around $800psf
https://www.squarefoot.com.sg/trends-and...land-sales
(18-04-2013, 07:16 PM)ngcheeki Wrote: [ -> ]The construction cost for Pungol Edge Condo is S$218.8 psf based on the GFA of 153,999 psf after including the additional 10% balcony allocation. With the land price of $342.58 psf, the total development cost should be around S$600 psf.
http://info.sgx.com/webcoranncatth.nsf/V...10033BDEF/$file/1.Announcement_Award_of_main_contract_Punggol_Field_Walk_AP.pdf?openelement
