The way the stock is moving i think it might break 43 this week, 43/44 is the 4 years historical high. If it breaks then....the price movement upwards will be significant. I don't think 50 cents would be a problem.....
I think Sing Holdings' price movement upwards will be influenced by a few things.....
1. General stock market conditions.
2. The coming 3Q2012 result in Nov 2012 and the consecutive results till The Laurels' TOP. They will be good that's for sure. The 2Q2012 result can be used as a benchmark and the next 4 to 5 consecutive results will be higher than it.
3.Boss declaring a bonus. The Boss might not do it now since share price has move up but then if he really want to rewards minority shareholders, he may do it if share price move up above 50 cents. I think company will also declare good dividends in Feb 2013 because of much higher profits and much improved balance sheet.
4. Launch of Robin Site. From another site, I read that Boss might launch the Robin Site in 4Q2012, that would attract buyer's interest in the company and NAV would further rise. On the other hand, boss might wait for further news on URA's 2013 masterplan. Site's plot ratio might increase upwards....now it is 1.4..........i think it is silly for such a prime site to have 1.4 plot ratio...it will definitely revised upwards...Didn't Prime Minister said that we can accomodate 6m, that meant that we will need to maximise land use.......But waiting for increased plot ratio will take longer time but it will double landbank and maximise profit.....
5. Analysts start to look at the property developers along the Thomson Line And Downtown Line. This counter is not covered by any analyst...So once analyst starts to look deeper at the counter they will start to see its actual worth
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That's the map of the Stevens MRT station under the Thomson Line.
If the Robin property sellers had dragged on for 6 more months, they would have fetched a better price from Sing Holdings!
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