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Latest Forum Topics / Tuan Sing Last:0.24 --

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Multi-year bullish reversal ?
sunview Member	03-Nov-2006 10:29 sunview About Contact Quote this Post!
x 0 x 0 Alert Admin	Today Kim Eng branded it a multi-year bullish reversal with medium term target of $0.245. Neckline support is at $0.145. "Their latest residential property development in Singapore is Botantika, located near the Botanic Gardens. The land area of 35,719sqf with an allowable plot ratio of 1.4 was purchased for SGD12.9mil in 2002, which works out to SGD258psf ppr. According to the latest property sales information from the URA website, the first unit has been sold at SGD1.56mil, or about 1443psf." "With interest in Gultech reduced to an associate with nil book value, Tuan Sing will not have to recognize its share of further losses in 2H06. A book gain of S$40mil will also be recognized."
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