Sing Holdings

[CY09]

The stock price was pretty resilient today, considering the fact that Q4 results was such an eye sore, zero revenue, zero cost and zero GP in the financial statement. Hopefully, the weaker holders have already been flushed out, with the remaining die-hards, faithful ones with strong conviction still holding out. But their patience will be severely tested with each passing day / week if it continues to drop bit by bit.

Boss Lee & family should promptly send a strong signal by acquiring some shares in the open market to to support the stock (unless they are prepared to wear a helmet in the next AGM). One example is CFO and CEO of Roxy Pacific who purchased 60 lots and 300 lots 2 days after its results release.

Hi cyc,

I remembered in this section, some1 said Sing Holdings was not favourable to a share buyback. However, something ironic was that CEO bought shares with his own money in the past few times. I am really interested how will Sing Holdings react when it gets the 117 M of Receivables. Will it just pay down debts (LT debts) or will Lee be itchy finger and try to buy land to show he is doing something to justify his big bonus