Sing Holdings

Property market is buoyant despite cooling measures. Sing Holdings is a much better buy than physical property. At only 41.5 cents, compared to RNAV of 70 cents or thereabouts

dear "You have what he wants" : This stock is going up, even though you are sceptical about it.
The discount to RNAV is too big to last.

When The Laurels' TOP in 2Q2013 or 3Q2013 NTA would be around 60-65 cents. Their industrial properties are also in the money. If they could launch Robin site in 4Q2012, then NAV would be around 80 cents and company would basically be  cash or near cash. Why? The Laurels and Robin would be in progressive payments and other significant asset is their industrial properties which is about $32m or 8 cents NTA....So if NAV is 80 cents then 8 cents worth of industrial properties(which they are selling if they get a good price....look at their gains from sale of industrial properties...it is undervalued) and 72 cents of cash and near cash(progressive payments)......
Expect a much higher dividend in 2013....maybe after The Laurels TOP in 2Q or 3Q2013 or maybe when they announce their 2012 full year results in Feb 2013 since the payout of full year dividend would only be in Apr 2013 earliest so by then Laurel might have TOP. At 40 cents, the dividend yield would be good.....3 cents dividend? 5 cents?
Anyway 3Q2013 result would be out soon and my prediction is that results would be very good since they said that they might be able to bring forward TOP of The Laurels from 3Q2013 to 2Q2013, it might meant that the construction progress is ahead of schedule hence more revenue recognition....Anyway cash position would further be enhanced....
Be ready for a bumper dividend payout and by the way their remaining 9 units of The Laurels, they might be able to sell higher as it get closer to TOP......

As predicted by Mo Yan and many savvy investors, Sing Hldgs net profit attributable to shareholders for 3Q was solid. At S$10.7 million, it is a 60.4% jump as compared to 3Q2011.

This was due mainly to higher revenue recognition from its development project.

Profit attributable to shareholders for the nine months ended 30 September 2012 rose by 92.8% to S$27.3 million.

The big question is, will this lead to an improved dividend ? Mr Lee , are you there????

The good times are over, perhaps. No one can be sure but just consider the huge supply which is coming. How to sell properties like hot cakes anymore? The guys who  buy properties from here on are either reckless ..... or naive .... or just plain dumb. I would be ashamed to call anyone a friend who buys an investment property (as opposed to a property for owner occupation) from now on til 2014 (the end date is immaterial for now....).

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[Judy 30-10-2012]:

The good times are over, perhaps. No one can be sure but just consider the huge supply which is coming. How to sell properties like hot cakes anymore? The guys who  buy properties from here on are either reckless ..... or naive .... or just plain dumb. I would be ashamed to call anyone a friend who buys an investment property (as opposed to a property for owner occupation) from now on til 2014 (the end date is immaterial for now....).