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Mewah - looks like following Wilmar up Post Reply Rate topic
superstartup Supreme	13-Aug-2026 16:20        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Gul Tech result, inferred from Tuan Sing' s latest result, Gul Tech made lower profit. Not all Tech the same. Even same industry, the customer base can be totally different. Within SGX, even leaders AEM, UMS and Frencken are different in their own.   superstartup      ( Date: 08-Jul-2026 15:48) Posted: Gul Tech mainly serve the auto industry, not the current AI infrastructure buildout sector. Bottomline, not all PCB are the same.
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Joelton Supreme	08-Aug-2026 15:36        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tuan Sing reports 75% y-o-y drop in net profit for 1HFY2026 For 1HFY2026 ended June 30, net profit plunged 75% y-o-y to $3.6 million for mainboard-listed Tuan Sing Holdings, with revenue dipping around 4.1% y-o-y to $67.4 million. No interim dividend was declared. In its Aug 6 announcement, Tuan Sing says it delivered a &ldquo resilient operating performance&rdquo despite a more challenging global economic backdrop. It adds that asset enhancement initiatives have begun contributing to earnings while major development pipeline positions the business for long-term growth, including stronger recurring income and enhanced asset values in the future. The slight revenue drop was attributed to lower revenue from real estate development and hospitality which was partially offset by higher revenue from real estate investment. Tuan Sing adds that the first-half results reflected the growing contribution from the business&rsquo s recurring income platform, supported by the successful completion of key asset enhancement initiatives. CEO William Liem says: &ldquo Our first-half performance demonstrates the resilience of our diversified portfolio and validates the strategy we have pursued over the past several years. The benefits of our asset enhancement initiatives are beginning to emerge through stronger recurring income from properties such as Dunearn Village, while investments we are making today &mdash including Collins Street in Melbourne and Opus Bay in Batam &mdash are designed to deliver sustainable earnings growth in the years ahead. &ldquo We remain disciplined in our capital allocation while continuing to invest in high-quality assets capable of generating resilient recurring income and long-term capital appreciation. Supported by a healthy development pipeline and a growing hospitality platform, we are confident the Group is well-positioned to create sustainable value for shareholders.&rdquo On a segmental basis, revenue from real estate investment increased around 10.5% y-o-y to $26.8 million. The improvement was driven principally by the stronger contribution from Dunearn Village following the completion of its asset enhancement initiative in late 2025, with occupancy continuing to improve as tenants progressively commenced operations. The higher contribution more than offset weaker performance from the Perth commercial property following the expiry of anchor tenant leases. For the hospitality segment, revenue declined around 5.5% y-o-y to $39.4 million, mainly due to the planned closure of the hotel' s event space and selected facilities in April 2026 to facilitate redevelopment works. Tuan Sing adds that underlying operating performance of Residence on Langley Park in Perth continued to strengthen, recording higher occupancy, improved revenue per available room and stronger gross operating profit margins following its successful repositioning. The real estate development segment saw a revenue reversal of $1.88 million following a strategic decision to retain previously sold units at Balmoral Tower within Opus Bay for hospitality operations rather than residential sales. While this affected reported revenue during the period, the move is part of Tuan Sing&rsquo s strategy of expanding its portfolio of recurring hospitality assets capable of generating sustainable long-term income. Revenue for the other investments segment grew 23.4% y-o-y to $4.24 million, attributed to stronger demand and improved selling prices in Tuan Sing&rsquo s Malaysian manufacturing business. The company adds that GulTech continued to deliver positive operating performance despite margin pressures arising from higher material costs. The company held cash of around $172 million and had borrowings of $1.38 billion. Shares in Tuan Singapore closed unchanged at 30 cents on Aug 6.
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superstartup Supreme	08-Jul-2026 15:48        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Gul Tech mainly serve the auto industry, not the current AI infrastructure buildout sector. Bottomline, not all PCB are the same.
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sengkang Master	08-Jul-2026 15:00        sengkang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha, you nailed it kusje58      ( Date: 08-Jul-2026 11:57) Posted: the problem is that you are comparing a well run pcb company (i think), to a pcb company run by a bunch of clowns who can' t even monitize their properties...
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kusje58 Member	08-Jul-2026 11:57        kusje58 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the problem is that you are comparing a well run pcb company (i think), to a pcb company run by a bunch of clowns who can' t even monitize their properties...
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investshare Supreme	07-Jul-2026 21:11        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	It means you buy the pcb biz here and got the property biz foc. But the risk is of course, as small shareholders we have no control on when it can be monetized. A shareholder cited Victory Giant, which surged post-listing in April 2026 on HKSE, and trades at ~50X PE, a premium due to its PCB products targeting AI usage for AI clients, especially Nvidia. Even if GulTech' s PE is, say, 20X, given its exposure is to automotive and other sectors, the valuation of S$1.3 billion translates to S$580 million attributable to Tuan Sing' s stake. This alone is higher than Tuan Sing' s current market cap of S$412 million (stock price: 33 cents).
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investshare Supreme	07-Jul-2026 20:05        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	But you can?t get any pcb company at this kind of valuation. kusje58      ( Date: 07-Jul-2026 18:37) Posted: If you wanna invest in a pcb manufacturer then buy shares of a pcb manufacturer. Why buy a property company with pcb shares?
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kusje58 Member	07-Jul-2026 18:37        kusje58 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you wanna invest in a pcb manufacturer then buy shares of a pcb manufacturer. Why buy a property company with pcb shares?
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investshare Supreme	06-Jul-2026 10:23        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	On second thought maybe it is good to keep Gultech. This may potentially become many times bigger than Tuan Sing itself.
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HuatAh7898 Supreme	05-Jul-2026 08:31        HuatAh7898 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	This group CEO is cho bo Nippon72      ( Date: 04-Jul-2026 10:31) Posted: I have treated TS as money sealed in a Milo tin and long forgotten about it. Any pittance divvy is some pocket money, announcement is just small coffee talk to me.  Once a while any spike in vol, will take a look at it. The only crown jewel left is the Gultech investment.  Mgt also not doing anything with their properties: spin a trust, or list a reits on their hotels etc, increase divvy, share buyback, capital reduction etc.  Ignite some interest at least. Sad to say Liem & gang is JLB aka JiakLeowBee.
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Nippon72 Veteran	04-Jul-2026 10:34        Nippon72 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
x 0   x 0  Alert Admin	Looking at Liem & gang if it ever happen, likely will be a lowball offer citing the last 30days average price. Dun ever hope near NTA kind of offer.  kusje58      ( Date: 29-Jun-2026 10:39) Posted: Hopefully looking to privatize?
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Nippon72 Veteran	04-Jul-2026 10:31        Nippon72 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
x 1   x 0  Alert Admin	I have treated TS as money sealed in a Milo tin and long forgotten about it. Any pittance divvy is some pocket money, announcement is just small coffee talk to me.  Once a while any spike in vol, will take a look at it. The only crown jewel left is the Gultech investment.  Mgt also not doing anything with their properties: spin a trust, or list a reits on their hotels etc, increase divvy, share buyback, capital reduction etc.  Ignite some interest at least. Sad to say Liem & gang is JLB aka JiakLeowBee.
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HuatAh7898 Supreme	04-Jul-2026 10:03        HuatAh7898 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Company results continue to report loss Need to cut pay of group CEO as cannot produce earnings Cannot just give up or keep waiting  For shareholders 0.7 dividend is ridiculous
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kusje58 Member	03-Jul-2026 17:30        kusje58 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is actually bearish for the other shareholders. If even Koh is throwing in the towel... investshare      ( Date: 02-Jul-2026 15:43) Posted: Liem got a good deal. Koh probably gave up. Will Liem use this as benchmark for GO?
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investshare Supreme	02-Jul-2026 15:53        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is the point I keep highlighting to everyone. Even if the company net asset is worth much more than share price, it does not mean the share price will go up. If you do not have control, in this case even a substantial shareholder, you cannot count those money. kusje58      ( Date: 02-Jul-2026 15:49) Posted: damn. He held the stock for 12 years and lost 30% on it. Crazy.  Think of all the opportunity costs.
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kusje58 Member	02-Jul-2026 15:49        kusje58 About Contact  Quote this Post!
x 0   x 0  Alert Admin	damn. He held the stock for 12 years and lost 30% on it. Crazy.  Think of all the opportunity costs.
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investshare Supreme	02-Jul-2026 15:43        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Liem got a good deal. Koh probably gave up. Will Liem use this as benchmark for GO?
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Joelton Supreme	02-Jul-2026 12:44        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tuan Sing&rsquo s CEO and property tycoon Koh Wee Meng in married deal involving 65.83 mil shares Both property tycoon Koh Wee Meng and Tuan Sing Holdings&rsquo CEO, William Liem, recently entered into a married trade and settlement of the trade took place on June 30. According to the SGX filing dated July 1, Koh sold 65.83 million shares in Tuan Sing to Greenpark Investment Pte Ltd, which Liem is deemed interested in the shares owned by the investment vehicle. The shares represent around 5.19% of the total issued shares in the company. The married trade was done at 32.5 cents per share and this translates to a total consideration of nearly $21.4 million. Post completion of the trade on June 30, Koh ceased to be a substantial shareholder in Tuan Sing. Shares of Tuan Sing closed 0.5 cents lower, or 1.61% down at 30.5 cents on July 1.
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Wesley Member	02-Jul-2026 11:17        Wesley About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waiting to load at 0.305 This one is a sure win if can get.
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investshare Supreme	01-Jul-2026 20:49        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Considered good or bad news?
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