Latest Forum Topics / The Place Hldg Last:0.004 -- |
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The Place Holdings on its next leg!
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For_The_Next_Leg
Veteran |
03-Mar-2021 09:22
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The Place Hldg (SGX: E27)
 
The Place holdings has completed the subscription of a 80% equity stake in Tianjie Yuntai Wanrun (Xiuwu) Property Development Co., Ltd (&ldquo Wanrun&rdquo ), which owns approximately 270,500 km2 of commercial land in the South East of Mount Yuntai.
 
The area surrounding Wanrun&rsquo s property site has undergone significant developments and the Group is currently in the midst of completing the process to change the land zoning from commercial to residential, which will result in an increase in gross floor area, and allow the property project to be marketed to a wider group of potential buyers.
 
Close proximity to the Yuntaishan Geopark which is the #1 of 26 things to do in Jiaozuo, will definitely boost the sale of the properties there. Cannot imagine waking up to such scenery.
 
https://www.tripadvisor.com.sg/Attraction_Review-g790188-d1372929-Reviews-Yuntaishan_Geopark-Jiaozuo_Henan.html
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Supreme |
01-Mar-2021 22:08
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If profit is $3.1M then PE is 266.  | ||
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Supreme |
01-Mar-2021 22:06
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Jumps 286%! But never says how much was the net profit. Maybe it was $100k profit and now $386k profit after a $286k jump in profit. If really around $400k profit then PE is 2000 if around $4M profit then PE is 200 if $40M profit then they will write out the figure.
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TokKong71
Senior |
01-Mar-2021 21:59
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Many companies also posted good profitable results. But look what happened? Share price dropped like a rock! Bottom-line, good results doesn't means will go up. | ||
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For_The_Next_Leg
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01-Mar-2021 21:57
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$The Place Hldg(E27.SI) results are out! Looks Good!
 
The Place Holdings&rsquo FY2020 Net Profit Jumps 286% Balance Sheet Further Strengthens with Cash and Cash Equivalents of Approximately S$73 Million
&bull The Group&rsquo s net profit in FY2020 boosted by interest income and net foreign exchange gain totaling $3.1 million
&bull The Group&rsquo s balance sheet further strengthened with cash and cash equivalents increasing to approximately S$73.0 million and zero borrowing
&bull Acceleration of the Group&rsquo s growth plans to create new value propositions within its three business pillars over the next twelve months
 
https://links.sgx.com/1.0.0/corporate-announcements/0UPKNS53H5M0RRNK/be2d0e49ca30a2c5c9d85417ca336117ec2af33b4e13e0dba75c71ce19cc77eb
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For_The_Next_Leg
Veteran |
24-Feb-2021 00:29
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This article just summaries everything about the company and where it is going in its next leg. https://www.edgeprop.sg/property-news/behind-place-holdings%E2%80%99-share-price-bull-run The market cap is around S$811m. The projects below should be worth at least 20% to 25% of their market cap. This does not take into account of the future positive gain. And let' s not forget... China relationship has the probability of bring china buyers(?).  " The collaboration agreement was for the redevelopment of the freehold Realty Centre at 15 Enggor Street in Tanjong Pagar in the CBD, which The Place Holdings&rsquo 51%-owned subsidiary, New Vision Holding, had purchased en bloc for $148 million back in April 2019. Subsequent to the announcement, The Place Holdings&rsquo share price soared 161.5% over the course of one month: from 1.3 cents at the close of Dec 3, to 3.4 cents at the end of Jan 4. On Dec 21, The Place Holdings announced that the company was subscribing to 20% of the shares in a joint-venture company together with MCC Land, for the development of a 99-year-lease site at Tanah Merah Kechil Link. MCC Land had beaten 14 other bidders to win the coveted site - located next to the Tanah Merah MRT Interchange Station - in a government land sale (GLS) tender in November, with a top bid of $248.99 million ($930 psf per plot ratio, or psf ppr). This was followed by an announcement on Jan 3 on the signing of a shareholders&rsquo agreement with MCC Land and Ekovest Development, a subsidiary of Malaysia-listed construction and engineering firm Ekovest Bhd. The shareholders will jointly develop a new 264-unit condominium, with a 21,528 sq ft retail component, at Tanah Merah Kechil Link. MCC Land will take a 51% stake in the joint venture, while Ekovest and The Place Holdings will hold 29% and 20% respectively." |
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