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08-10-2013, 04:24 PM
(This post was last modified: 08-10-2013, 04:39 PM by Behappyalways.)
waiting for the waterwoods e-application response(should be out soon)....heard it is not so encouraging.....so let's see ^^
anyway if Nov, company managed to sell the EC project well, then it would be left with one residential plot plus office units.....
The chances of being privatised will go up...with NAV above 90 cents while the remaining plot of land (Robin Site) cost price is equal to present Sing Holding's market cap.
The Lee family might be tempted to delist because of the discount to NAV, possible increased in plot ratio of Robin Site and to circumvent the Qualification Cert rules on the Robin site. The Robin site is a FREEHOLD site 250m within the future Stevens MRT. The station will run in 2016....If they delist the company, they can bid their time to launch the project and maximise profits.....
Anyway in 3Q and 4Q 2013, the company will be flush with collections from their The Laurels project. As of 2Q2013, the project is 96% recognised as revenue(98% sold) but my guess is that collection is around 60% or less....so another 40% or somewhat close to $300m.....so debt level will fall by a lot......
(They update their website....)
http://singholdings.com/
anyway if Nov, company managed to sell the EC project well, then it would be left with one residential plot plus office units.....
The chances of being privatised will go up...with NAV above 90 cents while the remaining plot of land (Robin Site) cost price is equal to present Sing Holding's market cap.
The Lee family might be tempted to delist because of the discount to NAV, possible increased in plot ratio of Robin Site and to circumvent the Qualification Cert rules on the Robin site. The Robin site is a FREEHOLD site 250m within the future Stevens MRT. The station will run in 2016....If they delist the company, they can bid their time to launch the project and maximise profits.....
Anyway in 3Q and 4Q 2013, the company will be flush with collections from their The Laurels project. As of 2Q2013, the project is 96% recognised as revenue(98% sold) but my guess is that collection is around 60% or less....so another 40% or somewhat close to $300m.....so debt level will fall by a lot......
(They update their website....)
http://singholdings.com/
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