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Latest Forum Topics / SingHoldings    Last:0.51 --  Post Reply
The Place Holdings on its next leg!
stockinvestor
Master
03-Nov-2025 09:23     
 
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 Alert Admin 		Not sure if its traders but $0.470 cleared for the first time since 16/9

superstartup      ( Date: 30-Oct-2025 09:58) Posted:

Traders will not be interested in this counter.
Need to wait patiently till result announcement (Feb 2026)
But may be too late then to buy in. Based on calculations below (total sales and total development cost, easy to see from SingHoldings' books), North Gaia will contribute 37c (thirty-seven cents) in earnings per share to the company. 
And company NAV is already at 79c (30 sep 25), yet to recognise contribution from North Gaia.

(as usual, please perform your own DD)
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superstartup
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30-Oct-2025 09:58     
 
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 Alert Admin 		Traders will not be interested in this counter.
Need to wait patiently till result announcement (Feb 2026)
But may be too late then to buy in. Based on calculations below (total sales and total development cost, easy to see from SingHoldings' books), North Gaia will contribute 37c (thirty-seven cents) in earnings per share to the company. 
And company NAV is already at 79c (30 sep 25), yet to recognise contribution from North Gaia.

(as usual, please perform your own DD)
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stockinvestor
Master
30-Oct-2025 09:36     
 
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 Alert Admin 		$0.465 cleared for the first time since 18/9

superstartup      ( Date: 29-Oct-2025 10:27) Posted:

No need to worry about the acquisition cost (or related overhead expenditures) for the 2 Government Land Sale sites (Chuan Grove).
The cost will be capitalised, and recorded as Development Cost (just like for North Gaia, per accounting rules). So this acquisition cost will not affect the 2H2025 earnings.
Just sharing.

stockinvestor      ( Date: 29-Oct-2025 10:15) Posted:

I suppose some of the acquisition costs of Chuan Grove may be written into the current H2 2025 results where possible but a conservative estimate of H2 EPS of $0.31 would bring the NAV to $1.10 before accounting for the future project of Chuan Grove
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superstartup
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29-Oct-2025 10:27     
 
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 Alert Admin 		No need to worry about the acquisition cost (or related overhead expenditures) for the 2 Government Land Sale sites (Chuan Grove).
The cost will be capitalised, and recorded as Development Cost (just like for North Gaia, per accounting rules). So this acquisition cost will not affect the 2H2025 earnings.
Just sharing.

stockinvestor      ( Date: 29-Oct-2025 10:15) Posted:

I suppose some of the acquisition costs of Chuan Grove may be written into the current H2 2025 results where possible but a conservative estimate of H2 EPS of $0.31 would bring the NAV to $1.10 before accounting for the future project of Chuan Grove.

superstartup      ( Date: 29-Oct-2025 10:05) Posted:

I did my number crunching too.
Obtained similiar figures as yours.
The company had already indicated that it will record Substantial Profit for 2H2025 due to the North Gaia project.
(as always, please perform your own DD)

Will also digest the numbers for the 2 GLS sites awarded to the company.
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stockinvestor
Master
29-Oct-2025 10:15     
 
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 Alert Admin 		I suppose some of the acquisition costs of Chuan Grove may be written into the current H2 2025 results where possible but a conservative estimate of H2 EPS of $0.31 would bring the NAV to $1.10 before accounting for the future project of Chuan Grove.

superstartup      ( Date: 29-Oct-2025 10:05) Posted:

I did my number crunching too.
Obtained similiar figures as yours.
The company had already indicated that it will record Substantial Profit for 2H2025 due to the North Gaia project.
(as always, please perform your own DD)

Will also digest the numbers for the 2 GLS sites awarded to the company.

stockinvestor      ( Date: 07-Aug-2025 15:04) Posted:

Total Sales for North Gaia $869,117,368.  Development cost at 100% completion (as stated in H1 report) $688,356,000.
$869,117,368-$688,356,000 = $180,761,368
17% Tax - $30,729,433
Net Profit = $150,031,935.
Divide by 400,994,200 shares = earnings per share of $0.3741.
I am not sure if there are any other costs which needs to be deducted from this. 

From FY2024 Annual Report at the bottom of Page 66,    Development properties are stated at the lower of cost and estimated net realisable value. The cost of development properties includes cost of land and construction and related overhead expenditure incurred during the period of construction and up to the completion of construction.
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superstartup
Supreme
29-Oct-2025 10:05     
 
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 Alert Admin 		I did my number crunching too.
Obtained similiar figures as yours.
The company had already indicated that it will record Substantial Profit for 2H2025 due to the North Gaia project.
(as always, please perform your own DD)

Will also digest the numbers for the 2 GLS sites awarded to the company.

stockinvestor      ( Date: 07-Aug-2025 15:04) Posted:

Total Sales for North Gaia $869,117,368.  Development cost at 100% completion (as stated in H1 report) $688,356,000.
$869,117,368-$688,356,000 = $180,761,368
17% Tax - $30,729,433
Net Profit = $150,031,935.
Divide by 400,994,200 shares = earnings per share of $0.3741.
I am not sure if there are any other costs which needs to be deducted from this. 

From FY2024 Annual Report at the bottom of Page 66,    Development properties are stated at the lower of cost and estimated net realisable value. The cost of development properties includes cost of land and construction and related overhead expenditure incurred during the period of construction and up to the completion of construction.
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stockinvestor
Master
29-Oct-2025 10:05     
 
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 Alert Admin 		and after that Chuan Grove launch in H2 2026

superstartup      ( Date: 28-Oct-2025 16:48) Posted:

Today start accumulate 1st batch over here.
Slowly buy for Feb 2026 result.
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superstartup
Supreme
28-Oct-2025 16:48     
 
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 Alert Admin 		Today start accumulate 1st batch over here.
Slowly buy for Feb 2026 result.
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stockinvestor
Master
27-Oct-2025 10:22     
 
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 Alert Admin 		First time $0.46 is cleared with a firm unfilled buy queue there since 24/9.
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stockinvestor
Master
22-Oct-2025 16:36     
 
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 Alert Admin 		Sing Holdings seems to have this wrong assumption.  The market is unaware that it is the best proxy to the Singapore Residential Development market, having been overshadowed by UOL, Citydev and Guocoland

https://www.theedgesingapore.com/news/singapore-economy/more-details-value-unlock-programme-listcos-be-unveiled-november-chee-hong
 

Another way to unlock value is communications, said Chee at the time. &ldquo Too often, companies make the wrong assumption that if they have strong revenue growth and healthy earnings, these will automatically translate into better share prices,&rdquo he stressed.

To that said, companies have to be able to &ldquo show and share&rdquo to help others &ldquo understand and buy into the vision of what we&rsquo re building&rdquo .

&ldquo Beyond having good substance, I think it is also helping others to understand what we can deliver and what value will be created,&rdquo said Chee.

TAN888      ( Date: 11-Sep-2025 22:08) Posted:

This is just the beginning of very serious growth from Sing. The eps growth will be a 2x at least compared to past 5 years.

Share price should move to a new higher baseline in view of this growth backed by new nav post North Gaia (est. $1.17 to $1.20), and RNAV $1.90 .



stockinvestor      ( Date: 11-Sep-2025 11:12) Posted:

Cash collected from North Gaia payments would bring its net cash position to more than $360m and put it in a good financial position to fund this project
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stockinvestor
Master
11-Oct-2025 22:45     
 
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 Alert Admin 		https://www.edgeprop.sg/property-news/uol-sells-99-skye-holland-average-2953-psf

Nonetheless, the sentiment bodes well for Sing Holdings' Chuan Grove sale next year.  Some higher volume buying observed on Friday at $0.46 and $0.465 for the first time in a few weeks (possibly in anticipation of the good new home sales today)  but not sure if will be affected Friday night' s US markets drop and more tariff news on China.

investshare      ( Date: 11-Oct-2025 21:45) Posted:

Ops my bad, is Singland not SingH.

investshare      ( Date: 11-Oct-2025 21:43) Posted:

位 于 荷 兰 路 的 新 私 宅 项 目 Skye at Holland星 期 六 （ 10月 11日 ） 开 盘 首 日 大 卖 ， 共 售 出 99%单 位 ， 每 平 方 英 尺 平 均 销 价 为 2953元 。

Skye at Holland由 华 业 集 团 及 子 公 司 新 加 坡 置 地 （ SingLand） 、 凯 德 发 展 （ CapitaLand Development） 和 庆 隆 （ Kheng Leong） 联 合 发 展 ， 属 于 99年 地 契 项 目 。 这 是 荷 兰 村 时 隔 近 六 年 再 次 迎 来 新 私 宅 项 目 。


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investshare
Supreme
11-Oct-2025 21:45     
 
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 Alert Admin 		Ops my bad, is Singland not SingH.

investshare      ( Date: 11-Oct-2025 21:43) Posted:

位 于 荷 兰 路 的 新 私 宅 项 目 Skye at Holland星 期 六 （ 10月 11日 ） 开 盘 首 日 大 卖 ， 共 售 出 99%单 位 ， 每 平 方 英 尺 平 均 销 价 为 2953元 。

Skye at Holland由 华 业 集 团 及 子 公 司 新 加 坡 置 地 （ SingLand） 、 凯 德 发 展 （ CapitaLand Development） 和 庆 隆 （ Kheng Leong） 联 合 发 展 ， 属 于 99年 地 契 项 目 。 这 是 荷 兰 村 时 隔 近 六 年 再 次 迎 来 新 私 宅 项 目 。

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investshare
Supreme
11-Oct-2025 21:43     
 
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 Alert Admin 		位 于 荷 兰 路 的 新 私 宅 项 目 Skye at Holland星 期 六 （ 10月 11日 ） 开 盘 首 日 大 卖 ， 共 售 出 99%单 位 ， 每 平 方 英 尺 平 均 销 价 为 2953元 。

Skye at Holland由 华 业 集 团 及 子 公 司 新 加 坡 置 地 （ SingLand） 、 凯 德 发 展 （ CapitaLand Development） 和 庆 隆 （ Kheng Leong） 联 合 发 展 ， 属 于 99年 地 契 项 目 。 这 是 荷 兰 村 时 隔 近 六 年 再 次 迎 来 新 私 宅 项 目 。
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stockinvestor
Master
12-Sep-2025 10:24     
 
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 Alert Admin 		yes, seems like FY2025 dividend will only be 2c or 3c even though it would be more fair to minority shareholders to pay 4c or more even if their intention is to conserve cash to save on interest expenses.     

iinvestor      ( Date: 12-Sep-2025 09:55) Posted:

Dont expect any big div payout. As usual, these towkays will sock it into the next project....
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stockinvestor
Master
12-Sep-2025 10:21     
 
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 Alert Admin 		Based on Hong Leong Investment Bank' s analysis for Sunway, we can infer an EPS of $0.44 for Sing Holdings from 2 Chuan Grove projects

https://brokerscall.shareinvestor.com/brokers_call/www/assets/files/981757301603-sunway-berhad--5211-.pdf
 
https://brokerscall.shareinvestor.com/brokers_call/www/assets/files/791752023454-sunway-berhad--5211-.pdf


investshare      ( Date: 12-Sep-2025 09:28) Posted:

Hi, can you share the source of the new NAV?


TAN888      ( Date: 11-Sep-2025 22:08) Posted:

This is just the beginning of very serious growth from Sing. The eps growth will be a 2x at least compared to past 5 years.

Share price should move to a new higher baseline in view of this growth backed by new nav post North Gaia (est. $1.17 to $1.20), and RNAV $1.90 .



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iinvestor
Veteran
12-Sep-2025 09:55     
 
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 Alert Admin 		Dont expect any big div payout. As usual, these towkays will sock it into the next project....
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investshare
Supreme
12-Sep-2025 09:28     
 
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 Alert Admin 		Hi, can you share the source of the new NAV?


TAN888      ( Date: 11-Sep-2025 22:08) Posted:

This is just the beginning of very serious growth from Sing. The eps growth will be a 2x at least compared to past 5 years.

Share price should move to a new higher baseline in view of this growth backed by new nav post North Gaia (est. $1.17 to $1.20), and RNAV $1.90 .



stockinvestor      ( Date: 11-Sep-2025 11:12) Posted:

Cash collected from North Gaia payments would bring its net cash position to more than $360m and put it in a good financial position to fund this project
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TAN888
Member
11-Sep-2025 22:08     
 
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 Alert Admin 		This is just the beginning of very serious growth from Sing. The eps growth will be a 2x at least compared to past 5 years.

Share price should move to a new higher baseline in view of this growth backed by new nav post North Gaia (est. $1.17 to $1.20), and RNAV $1.90 .



stockinvestor      ( Date: 11-Sep-2025 11:12) Posted:

Cash collected from North Gaia payments would bring its net cash position to more than $360m and put it in a good financial position to fund this project.

TAN888      ( Date: 10-Sep-2025 22:59) Posted:

For Sing, is the first billion land purchase and almost 2.8b GDV project (on 65-35). 
Probably the GDV equivalent of more than 2 x North Gaia over the same project period.
 


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Joelton
Supreme
11-Sep-2025 12:26     
 
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 Alert Admin
Sing Holdings-Sunway JV awarded second site at Chuan Grove, paying nearly $1.3 billion in total
A joint venture between SGX-listed Sing Holdings and Sunway Developments has been awarded its second land parcel at Chuan Grove following a government tender.
 
The joint venture, held in a 65:35 proportion, had on Sept 4 emerged as the top bidder with an offer of $623.9 million, which translates to a land rate of $1,331 psf per plot ratio.
 
The tender was awarded by the Urban Redevelopment Authority on Sept 10.
 
The same JV had on July 17 been awarded an adjacent site after paying the top bid of $703.6 million or $1,376 psf ppr. Six other bidders took part.
 
This means the JV will be paying a total of $1,327,510,000, which works out to $1,355 psf of total gross floor area of 91,038 sqm, or 979,924 sq ft.
 
" Subject to regulatory approvals and if timelines allow, the Joint Venture would like to amalgamate the two land parcels and undertake a single residential development thereon of around 1,055 units across five blocks of up to 27 storeys with communal facilities," says Sing Holdings, whose CEO is Lee Sze Hao.
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stockinvestor
Master
11-Sep-2025 11:12     
 
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 Alert Admin 		Cash collected from North Gaia payments would bring its net cash position to more than $360m and put it in a good financial position to fund this project.

TAN888      ( Date: 10-Sep-2025 22:59) Posted:

For Sing, is the first billion land purchase and almost 2.8b GDV project (on 65-35). 
Probably the GDV equivalent of more than 2 x North Gaia over the same project period.
 

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