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Was looking at Tuan Sing's fundamentals
PE: 3.5
NAV: 0.61 (current price $0.335) that is 50% discount from share price.
Seems like good value?
Any view on this counter?
Tuan Sing buys Robinson Point for $348.9m
In what is shaping up to be the most expensive office deal this year, Tuan Sing Holdings has entered into a sale and purchase agreement with Robinson Point (Cayman) Limited to acquire Robinson Point for $348.9 million. Based on the acquisition price, this works out to $2,579.5 psf on existing net lettable area (NLA).
The seller, Sun Venture, had in fact clinched the 21-storey freehold commercial building from US-based AEW in a deal which valued the asset at $284 million, in July last year. According to data provided by Cushman & Wakefield, this was the most expensive en bloc, single asset purchase on a per square foot basis last year. (Source: Business Times)
...Last Done: $0.34...
DATE OF RELEASE OF FIRST QUARTER 2013 FINANCIAL RESULTS
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2FA2A4498EE77C4548257B480030AADB/$file/TBA-130409DateRelease1Q2013Results.pdf?openelement
Octavia ( Date: 19-Feb-2013 09:53) Posted:
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It is just an anouncement from TS about the establishment of its note programme.DBS is the appointed note arranger.The net proceeds arising from the issue of the Notes under the Programme will be used for property development and investment as well as for general corporate purposes, including refinancing of borrowings, and financing investments and general working capital of the Issuer or its subsidiaries. I think this is good news for the invesors as the company is not raising capital from the public.
Octavia ( Date: 13-Feb-2013 14:35) Posted:
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It has a very strong resistance at 39/39.5.It's alrdy year high at 39 today.
TS is launching Sennett Residence this quarter follow by Cluny Park Residence at year end or next year.
JJSeng ( Date: 13-Feb-2013 14:07) Posted:
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Octavia ( Date: 06-Feb-2013 12:35) Posted:
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Earnings per share was 9.5 cents in FY2012, up from 3.5 cents in FY2011
Net asset value per share increased to 60.9 cents att 31December 2012, from 52.7 cents at the previous yearend.Current price trading at 37 cent is below NAV and at a 64.6% discount.Start accumulating now.The Group will continue marketing its remaining units at Seletar Park Residence. The Group plans to launch Sennett Residence in first quarter 2013 and Cluny Park Residence this year.The redevelopment of Robinson Towers is in progress with tenants having been served with termination of lease notices of six months from 30 November 2012. The construction is to commence in third quarter 2013 and complete in 2016.Asset rerating after that.
The proposed first and final dividend of 0.5cent, if approved by shareholders at the Annual General Meeting to be held on 18 April 2013, will be paid on 19 June 2013.
Net asset value per share increased to 60.9 cents at 31 December 2012.Current price trading at 37 cent is below NAV and at a 64.6% discount.Definitely a trading buy.
Buy
Octavia ( Date: 31-Jan-2013 11:32) Posted:
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The Group reported 4Q2012 revenue of $112.0m and 4Q2012 net profit attributable to shareholders of $79.1m
• This brought FY2012 revenue and net profit attributable to shareholders to $371.8m and $109.5m respectively
• Earnings per share was 9.5 cents in FY2012, up from 3.5 cents in FY2011
• Net asset value per share increased to 60.9 cents at 31December 2012, from 52.7 cents at the previous yearend
• The Group is proposing a first and final dividend of 0.5cent per share for FY2012
0.40 coming Huat ah...
aimtowin ( Date: 31-Jan-2013 09:06) Posted:
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aimtowin ( Date: 31-Jan-2013 09:04) Posted:
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Octavia ( Date: 30-Jan-2013 20:38) Posted:
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Tuan Sing Group's net profit for the fiscal fourth quarter ended Dec 31, 2012 more than trebled to S$79.09 million from S$25.22 million a year earlier.
Turnover rose 56 per cent year-on-year to S$111.96 million from S$71.67 million.
Full-year net profit came in at S$109.53 million, up 172 per cent year on year, on a 55 per cent increase in turnover to S$371.85 million.
Earnings per share for the year were 9.5 cents.
Huat arh!!!