T.U.B Investing

Being the advocater of Sing Holdings Ltd previously, I feel that I should provide my comments on their latest purchase of the residential site at Fernvale Road. This plot of land seems to be besides or near High Park Residences, that was purchased and developed by Chip Eng Seng. This purchase was also a collaboration between Sing Holdings Ltd (70%) and Wee Hur Holdings Ltd (30%). Details of the Purchase as per below (The document is as per attached in this link .) There are 2 discussion points which I believe I should address: 1. Is this a good purchase? The bid works out to $517.03 psf (per square feet). As compared to High Park Residences, which Chip Eng Seng bought for only $438/448 psf for 2 times this plot of land. As discussed in valuebuddies forum , larger plots of land has cheaper construction and marketing cost due to bigger scale. Despite the above, I believe this is still a good purchases due to 2 points: - Collaboration with Wee Hur Holdings Ltd This me...

After posting on Sing Holdings Limited recently, the company released its latest quarterly financials on 12 August 2016. As usual, I did my analysis using the Enhanced Triple S Scorecard and here are the results: Yes, it is still a Enhanced Triple S Scorecard Stock, but... After looking at the financials within such a short period, you will notice the differences in the financials. So here are some of the questions and hopefully are the answers I am looking for. Changes In Classification of Current Assets - My view is I am wondering why was there a change in the companies' classification in the Current Assets between the 2 quarters. "Trading Properties" were removed in the 2nd quarter financial report. 1st Quarter Current Asset Listing 2nd Quarter Current Asset Listing My guess was that the Trading Properties stated in the 1st quarter financial statement were the strata units in the BizTech Centre and it is combined into "Completed Properties ...

This is really an interesting stock. I shall not be "naggy" and start straight away. Profile in Short Founded in 1964, Sing Holdings Limited and its subsidiaries (the “Group”) is a property development and investment group listed on the Mainboard of the Singapore Exchange. Some of the Group’s recent developments include residential projects such as BelleRive in Bukit Timah area, The Laurels at Cairnhill, Waterwoods in Punggol and Robin Residences at Robin Drive. The Group also developed industrial and commercial buildings such as BizTech Centre along Aljunied Road, EastGate in the East Coast area and Ocean Towers, an award-winning Grade-A office building in Shanghai, the People’s Republic of China. The Group will continue to focus on its core business of property development and investment. It endeavours to deliver dream homes to its homebuyers, in its bid to realise its vision of becoming A Developer of Premier Living. Based on Enhanced Triple S Scorecard (Present ...