Sing Holdings

Thread Rating:
  • 2 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
http://infopub.sgx.com/FileOpen/Parc...&FileID=478030

230 units sold.

looks more like 92% of the 250 units launched as at 6pm today.
Reply
(06-05-2017, 04:24 PM)Behappyalways Wrote: Travelodge Docklands - 6.12% (based on FY2016 EBITDA)
http://infopub.sgx.com/FileOpen/AGM%2020...eID=450155

6.12% EBITDA??? Are they insane?  Tax is 30% and the commercial interest rate is a min. of 3.4%+risk margin (http://www.commercial-loans.net.au).  Wow!  LEE SZE HAO if you are reading this, I've got prime NY real estate for sale!
Reply
Value trap or market imperfection????

The land cost of Parc Botannia project is $515.3psf ( $287.1m / 557150sqf)


http://infopub.sgx.com/FileOpen/Announce...eID=422708

Their 30% JV Wee Hur should be able to bring down the construction cost. Let's assume the construction and miscellaneous cost to be $365psf, then the breakeven cost for the project would be $880psf.

Assuming selling price of $1280psf and totally sold by TOP, profit of $400psf


http://www.straitstimes.com/business/pro...days-begin

Total Gross Profit of $222.86m ($400psf x 557150sqf)

Assuming total 30% off Gross Profit due to tax, interest cost and other miscellaneous cost, Net Profit of $156m (70% x $222.86m)

Sing Holdings' share of profit from the joint venture(70%) is $109m (70% x 156m)

That is about 27 cents per share out of 400m shares.
You can find more of my postings in http://investideas.net/forum/
Reply
http://infopub.sgx.com/FileOpen/_Form%20...eID=483416

A director bought 165,000 shares at $0.44 last Friday. He also happens to be the founder of Smartflex.
Reply
The same director added 435,000 shares last Thursday and Friday.

http://infopub.sgx.com/FileOpen/_Form%20...eID=485107
Reply
TTG bought more shares... something brewing?
Reply
(06-05-2017, 04:24 PM)Behappyalways Wrote: Travelodge Docklands - 6.12% (based on FY2016 EBITDA)
http://infopub.sgx.com/FileOpen/AGM%2020...eID=450155

(20-01-2018, 08:50 PM)MLinvestor Wrote: TTG bought more shares... something brewing?

according to an agent's FB post:

🌿PARC BOTANNIA - LATEST UPDATE

💪🏻7 UNITS JUST SOLD IN ONE DAY!
💪🏻11 UNITS SOLD IN ONE WEEKEND!
💪🏻33 UNITS SOLD SINCE 1ST JAN!

so maybe he was just encouraged by the pick up in sales in Parc Botannia so far in Jan.
Reply
The increased in sales probably due to increased in selling prices of units from Jan 22 onwards.
I read from somewhere that company going to increase prices from Jan 22. That's 2 months after the initial launch. Company has released 357 units so far. Could be releasing the remaining units on Jan 22.
You can find more of my postings in http://investideas.net/forum/
Reply
the project managed to sell a few more units after the price increase and has crossed the 300 units sold mark.
Reply
6 more units sold for Parc Botannia last week after the 2% price increase bringing the total sold to 303 units (41.2% sold).
Reply


Forum Jump:


Users browsing this thread: 7 Guest(s)