Latest Forum Topics /
Straits Trading
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Goldminer
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stanip
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05-Aug-2021 16:04
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Another " upside" the market has not yet realized? 
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PhillipTan
Supreme |
05-Aug-2021 15:55
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Notice the difference in currency after I posted Then I removed and reposted again lol  
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PhillipTan
Supreme |
05-Aug-2021 15:52
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But on the prudent side, I prefer to assume that DBS made a typo error Which should actually be USD 5.0b to USD 6.4b instead of SGD Because in their original report, they estimated SGD 6.4b in a bullish case. SGD 7.022b would be extremely bullish compared to their highest estimate of SGD 6.4b So I think that report had a typo error If so, the increase would only be 4% And after translating that into their original TP of $3.90, the amended TP would become $4.056 or $4.06   |
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SlothSG
Veteran |
05-Aug-2021 15:47
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did not take into account currency conversion? One is SGD and another USD.
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PhillipTan
Supreme |
05-Aug-2021 15:46
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Press release = USD 5.2b (approx SGD 7.022b) DBS original estimate  - SGD 5.0b to SGD 6.4b If you take SGD 5.0b, it is 40.44% more Avg = 23.19% If you take the highest estimate, it only will be 9.72% increase So it depends if you want to be optimistic, be average or be prudent Lol  
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stanip
Veteran |
05-Aug-2021 14:59
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Anyone can confirm? In DBS research, it talked about ARA valuation at S$5b and derive the TP of $3.9/share. The current news on ARA valuation is US$5.2B!! If the currency is correct, the valuation is actually 39% higher than the DBS estimate. Is my math correct? |
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investshare
Supreme |
05-Aug-2021 14:50
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In hindsight yes .. regret no gut to buy more then.
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SlothSG
Veteran |
05-Aug-2021 14:37
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NTA will improve to $5.52 from $3.72 😜 | ||||
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PhillipTan
Supreme |
05-Aug-2021 14:32
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Straits Trading soars 15.9% on news it will receive US$845.3m from ARA Asset Management saleHARES of The Straits Trading Company Straits Trading: S20 +13.07% surged on Thursday morning after it was reported that ESR Cayman was acquiring 100 per cent of the share capital of ARA Asset Management for US$5.2 billion.Straits Trading, which holds 18.97 per cent in the integrated real estate fund manager, had separately announced before the market opened that it will receive US$845.3 million in a combination of cash, shares of Hong Kong-listed ESR and vendor loan notes upon completion of the transaction. As at 9.05am, shares of the conglomerate had risen 15.9 per cent or S$0.45 to S$3.28, its highest level in the year to date. The counter later eased to trade S$0.38 or 13.4 per cent higher at S$3.21 by 10.58 am. No married deals were recorded in early trade, according to ShareInvestor data. Following ESR' s acquisition of ARA Asset Management, the latter' s business will be merged into the enlarged ESR group and the combined entity will have a combined asset under management (AUM) of US$129 billion, which will make it the world' s third-largest listed real estate asset manager. ARA co-founder and deputy chairman John Lim, together with a representative from CK Asset Holdings, will also be appointed to ESR' s board of directors.   |
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Godwinlow
Elite |
05-Aug-2021 13:22
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Cheers!!!
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SlothSG
Veteran |
05-Aug-2021 12:37
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Huat arh !!! | ||||
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Godwinlow
Elite |
05-Aug-2021 11:41
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Stocks like STC is like forgotten. That' s why not analysis. But once analysis starts to do research about STC. Then even more Ho sehh
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PhillipTan
Supreme |
05-Aug-2021 11:38
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SB cool, 1.61 My purchases all in the region of 2.75-2.92 Not sure if should continue to buy more, now that it already jumped Lol  
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PhillipTan
Supreme |
05-Aug-2021 11:36
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Still undervalued but no analysts came out yet to say how much is their est actual value Last report done for STC was like two months ago  
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investshare
Supreme |
05-Aug-2021 11:14
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Yeah I will hold till last!
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Godwinlow
Elite |
05-Aug-2021 10:57
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Cheers!!!! We all here make money. Huat ah! More money to come. STC still undervalued 
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investshare
Supreme |
05-Aug-2021 10:56
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I bought 4000 at 1.61, 3000 at 2.81, ave 2.13. Now at 3.2, paper gain 7500.
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Godwinlow
Elite |
05-Aug-2021 10:53
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Plus STC haven' t release financial statement. I' m holding tight. So undervalued still 
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Godwinlow
Elite |
05-Aug-2021 10:51
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Don' t worry. Once the deal is finalised and signed. When STC receive the cash. Sure will go up even more. Current price still undervalued. I' m holding tight. 
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PhillipTan
Supreme |
05-Aug-2021 10:47
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Losing steam lol | ||||
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