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NOTICE OF VALUATION OF REAL ASSETS
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A50E54BC73AA23104825781C0014EAC4/$file/TBA-110119-ValuationReport.pdf?openelement
So good to buy at this price?
Bintang ( Date: 17-Jan-2011 18:56) Posted:
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Since the circumstances had changed , Tuan Sing failed to move up further , it turned down very fast for a correction . After hitting 39 cents twice to make top formation , it came down to 35 cents n rebounded to form a rising wedge .It broke the formation on 14Jan n reached the downside target at 32.5 cents today (17 Jan ) , this is also the pull back of Fibo's 38 % zone . This point may provide strong support to the uptrend which is still intact .
Bintang ( Date: 02-Jan-2011 17:23) Posted:
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Finally the opportunity came to buy this at a lower price!! Sometimes u just love to hate the govt..
Tuan Sing Holdings Ltd - a multi-core conglomerate with over 70 subsidiaries, associated and jointly-controlled companies with a total workforce of more than 4,200 employees operating in various countries.
Have substantial property developments such as Mont Timah (32 exclusive cluster homes located near Bt Timah Nature Reserve. Also owned commercial buildings -The Oxley (Orchard area), Robinson Towers and International Factor Buildings sitting on prime land (CBD) Districts (>$261M). Acquired Serene House property at Seletar Road to develop luxurious landed residential units.
In addition, owned substantial China properties - Lakeside Ville Phase III, a luxury residential villas development comprising 296 villa units, 148 condominium units, 24 3-storey townhouses completed in 2010. Green Garden - a local housing project in Shanghai China, located between two subway stations, built up area of 72,000 sq meters. Xin Shen Gardens property development - one of the largest Shanghai local housing projects undertaken by a foreign developer in Shanghai. Xin Shen Gardens development has a total land area of 291,038 square meters and consists of five different development phases. Jasmine Gardens, Narcissus Garden Phase I & II and Magnolia garden (fourth phase) of the Xin Shen Gardens property development. Also, acquired land in Fuzhou China for future luxurious property developments.
Hotels Investment
Tuan Sing Group's Hotels Investment is represented by Grand Hotel Group, which owns the 5-star Grand Hyatt Melbourne and Hyatt Regency Perth.
Industrial Services
SP Corporation Limited (80.2%) subsidiary - businesses in auto-related products disribution, commodities trading, and geotechnical and soil investigation services.
Hypak (97.9%) - subsidiary manufacturing polypropylene packaging bags.
Retail
Pan-West distributes and markets golf and golf-related lifestyle products in Singapore, Malaysia, and Indonesia. Provides golf-related services such as custom fitting, professional coaching and after sales service. Operates 35 on-course and off-course outlets throughout the region. Distributor of top golfing brands in the world - Callaway, Honma, Odyssey, Cleveland, Yamaha, Tour Edge, Cutter & Buck and Katana.
Other Investments
Owns 43.33% interest in an publicly listed Gul Technologies Singapore Ltd, a printed circuit board manufacturer with operations in Singapore and China - Suzhou and Wuxi.
2009 net profit $42.8M
Sold Katong Mall for a consideration of $247.55 million.
2010 profit ending 31 Dec 2010 - To be announced in 5 Feb 2011 (Expected to more than double due to improved economy). Conservative NAV at 0.43 per share based on 2009 valuation hence current share price at 0.36 cts is trading at a low.
Will share price hit between 0.45 to 0.50 cts in the weeks ahead when NAV is re-adjusted and properties re-valued. With more than $200M Cash Hoardings, Good FUNDAMENTALS and Good Leaders at the helm this dynamic Conglomerate seems to continue to have great potentials. Certainly A Good Counter to Invest In ! ! !
Hmm, always last min before closing shoot up... Any idea why?
I have been following and investing in this company for years, which was previously a market darling. Not even sure what the real value is, as much of the assets are in land and valuations could be subjective. I don't recall the recent BT report mentioning its substantial China based land assets, including the 163,000 sq meter land site it has in Fuzhou and apartments in Shanghai. Part of the reason for the share price languishing of late could be due to its recent lack of news worthy activity, after it purchased its Australian hotels viz Grand Hotel Group and then subsequently selling off some of the hotels, and the Katong Mall sale. With the purchase of the 2 recent land parcels in Seletar and Bukit Timah, hope to see more exciting plans from the company going forward.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5A9A365F44158D8948257681003B097B/$file/TBA-091203-Fuzhou.pdf?openelement
Tuan Sing broke strong resistance at 25.5 cents on 22/12/10 with heavy volume .It has restrained in a long box formation since Nov 2009 . It has also formed an inverted H&S formation at the same time . The neckline of this formation is at 25.5 cents .Therefore it has not only broken out the long box formation , but also broke the neckline at 25.5 cents recently . It has reached the target which obtained from the formation at 32.5 cents on 23/12/10 . After a two days pull back , it surged with heavy volume n broke out of a flag formation . It could reach another high at 46 cents by measuring the flag pole of this flag eventually . If to get the final target by measuring the long box formation , it would be higher .
yup hor, shud had catch this one.
it is high. really unexpected for this counter today. buy up so fast in the afternoon and then sell equally fast.
Instead of chasing this Tuan Sing, I am buying Hong Fok. This property gem owns the IB building beside Shaw Centre. Super development in the making, with NAV far exceeding its current share price.
Better don't short as it is a greatly undervalued stock. I remember during normal time it was 60 cents and at peak it was $1
smilingchuan ( Date: 29-Dec-2010 11:35) Posted:
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Up so much!!
this bugger go up so much.. time to short? just try 100 lots...maybe can make tons of money.....any feedback?
ya it is sitting on alot of cash and properties... so what is the most recent TP for this stock? $0.40?
This Tuan Sing was originally recommended by Prof Shareowl. Another one, he recommended, a better one, is Hong Fok. Go and google the properties it owns in S'pore including the one beside Shaw Centre and you will be amazed.
During last 30 mins of trading, Tuan Sing suddenly shoot up...
Today, I sell again!
tea444u ( Date: 22-Dec-2010 21:29) Posted:
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can buy this now ?
For a more complete version of the post,
http://help-your-money.blogspot.com/2010/11/simple-case-study-of-asset-play.html