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Sing Holdings - Grossly undervalued Post Reply Rate topic
stockinvestor Master	03-Feb-2019 20:20        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Saw this on Terence Wong' s Azure Capital fb page:   Was the guest speaker at ERA&rsquo s market conference together with Marcus Chu, the COO of Apac Realty (parent of ERA). Interesting that we both brought up the same point - HDB upgraders, which account for 50% of demand for private apartments, will step out of Minimum Occupation Period in droves from 2019-22. It is 3x more per year than the preceding 5 year average, which means that the potential pool  of upgraders will grow strongly. This should mitigate oversupply fears.  The bulk of the potential upgraders will hail from District 19. From past data, they typically look for condos in the vicinity. One beneficiary will be Parc Botannia, which is developed by Sing Holdings. It is one of the most affordable new projects in the area, given that the land was acquired in Sep 2016, before the en-bloc craze started.
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stockinvestor Master	16-Jan-2019 10:04        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think the main reason is that liquidity in small caps was being pulled out in H2 2018 till there is almost toally no interest in them.  For small caps, the market has yet to distinguish between undervalued or otherwise.    paul1688      ( Date: 15-Jan-2019 21:03) Posted: This is one of the simpler property company model to follow. Yet the market can place it so incredbily undervalued is interesting. Been accumulating for quite some time now but hard to fathom why market did not see the immense underlying value in this one. Perhaps time will tell.   Remarks : Just sharing a sentiment. Pls DYODD. Comments not intended as an inducement to buy or sell.
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paul1688 Veteran	15-Jan-2019 21:03        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is one of the simpler property company model to follow. Yet the market can place it so incredbily undervalued is interesting. Been accumulating for quite some time now but hard to fathom why market did not see the immense underlying value in this one. Perhaps time will tell.   Remarks : Just sharing a sentiment. Pls DYODD. Comments not intended as an inducement to buy or sell.
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stockinvestor Master	15-Jan-2019 14:26        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	$0.39 finally cleared.
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stockinvestor Master	11-Jan-2019 12:02        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	since they bought the land in H2 2016, they actually have until H2 2021 to TOP. However, they had mentioned in the results release that they are targeting TOP in Q4 2020 which is already ahead of the deadline. brchkho1      ( Date: 11-Jan-2019 09:59) Posted: Official TOP is 2020, any update on the stage of construction? Usually new developments always get TOP earlier than the official deadline. Appreciate anyone living nearby to post a latest picture of this devlopment.   stockinvestor      ( Date: 11-Jan-2019 09:46) Posted: saw a Parc Botannia ad by propnex which says Final Phase Released. All Units for Sales.
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brchkho1 Master	11-Jan-2019 09:59        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Official TOP is 2020, any update on the stage of construction? Usually new developments always get TOP earlier than the official deadline. Appreciate anyone living nearby to post a latest picture of this devlopment.   stockinvestor      ( Date: 11-Jan-2019 09:46) Posted: saw a Parc Botannia ad by propnex which says Final Phase Released. All Units for Sales.
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stockinvestor Master	11-Jan-2019 09:46        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	saw a Parc Botannia ad by propnex which says Final Phase Released. All Units for Sales.
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stockinvestor Master	10-Jan-2019 11:51        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	According a facebook post by a property agent, Wilson Lee KC, " 🍀 🍀 Parc Botannia🍀 🍀 PropNex is officially appointed for Parc Botannia ." Propnex has also been officially appointed as marketing agent.  Huttons is no longer the exclusive agency it seems.
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stockinvestor Master	04-Jan-2019 15:28        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	strong buying of Parc Botannia in the final 2 weeks of last year.  468/735 = 63.7% sold.  average selling price maintained around 1285.77psf.
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HendriJB Supreme	01-Jan-2019 10:24        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Hi All ... Wishing you and your family a HaPPy NeW YeAR 2019 and enjoy abundant of joy, happiness, wealth and may God bless you and family to have a bless life ahead with good health and Long life!
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stockinvestor Master	21-Dec-2018 22:02        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO transferred 4m shares to his wife and 11m shares into a company owned by both of them.
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stockinvestor Master	13-Dec-2018 23:17        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	NAV as at end Sep was $0.6403.  To achieve $1.00 RNAV it only needs to earn $0.36 in FY19, 20 and 21.  It should be able to achieve this with a mix of rental income (australian hotel), rental and further sales of Industrial units and most importantly the bulk of it will come from sales of Parc Botannia.  As long as the share price stays below $0.40, the bosses will gladly collect as they are buying at < 0.4x RNAV. Brianfoo      ( Date: 10-Dec-2018 09:46) Posted: Since it is grossly undervalued whats the real value of the stock?
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stockinvestor Master	13-Dec-2018 23:12        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha you beat me to it today. HendriJB      ( Date: 13-Dec-2018 19:42) Posted: SingHoldings: Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer :: Disclosure of Changes in Interest 13 Dec 2018 18:25 Lee Sze Hao bought 50,000 shares of Singholdings @ 0.385
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HendriJB Supreme	13-Dec-2018 19:42        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	SingHoldings: Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer :: Disclosure of Changes in Interest 13 Dec 2018 18:25 Lee Sze Hao bought 50,000 shares of Singholdings @ 0.385
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stockinvestor Master	10-Dec-2018 11:29        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	think you need to refer to the earlier discussions for that.  :) i don' t have my calculations with me now but  my own estimates previously is that RNAV will rise from 63c to close to $1.00.  the net profits from Parc Botannia would range conservatively from 32c (very conservatively) to bullishly 39c (equals current share price) or more. Brianfoo      ( Date: 10-Dec-2018 09:46) Posted: Since it is grossly undervalued whats the real value of the stock?
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Brianfoo Senior	10-Dec-2018 09:46        Brianfoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since it is grossly undervalued whats the real value of the stock?
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stockinvestor Master	10-Dec-2018 09:26        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	as the name of the thread implies, its grossly undervalued.  net profits from Parc Botannia will be very high but the increase in dividend may only come after the project TOP is obtained in late 2020/early 2021. Brianfoo      ( Date: 09-Dec-2018 22:53) Posted: Why buy so many shares? Want to take dividends?
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Brianfoo Senior	09-Dec-2018 22:53        Brianfoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why buy so many shares? Want to take dividends?
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stockinvestor Master	09-Dec-2018 22:28        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lee Sze Hao bought 99,600 shares on the 5th and 53,700 shares on the 7th all at $0.39.  Total 153,300 shares.
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stockinvestor Master	07-Dec-2018 15:21        stockinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sales at Parc Botannia picked up last week with 5 units sold.  Total 459 units sold and average selling price has increased to 1285.42psf.
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