Tuan Sing Holdings Limited (SGX: T24)

[deathbringer]

Tuan Sing (hidden gem)

P/B ratio of 0.5.

Won tenders recently.

Healthy cash flow, positive earnings, property company.

Why price so low???

 

[livingdeath]

no steady dividend. price seem to have factored in the news alrdy.

 

[deathbringer]

but the P/B ratio...............

 

[koxinga]

because mgmt not very investor friendly. Until the recent tenders, they didn't do much to reward shareholders despite the divesting some assets.

 

[livingdeath]

p/b ratio is only one aspect. put ur money in the best stock, not 2nd best. if there's no one stock that fits all your criteria, don't buy.

 

[OddEye]

This company like small player.... Chiu can only bank on its growth. If its growth is not good, it is better you put in big players like Capitaland

 

[kebinu]

Breakout today. :x

 

[OddEye]

Breakout today. :x

Won't be for long... Probably a one time shoot up and then fall in price gradually

 

[lasnoblur]

nice catch.

 

[worldir]

Good call... up 5.5cts today

 

[abutan]

what happened to this stock?

the price keeps increasing

 

[OddEye]

what happened to this stock?

the price keeps increasing

They successfully bidded some properties... Check their official site for details

 

[deathbringer]

lol, i started this thread on the day before it broke out

huat ah!

 

[Risk Adverse]

lol, i started this thread on the day before it broke out

huat ah!

There is a reason why it's trading at such a low P/B.
It doesn't reward it's shareholders.
Dividends are miserly even when profits are good.
Unless you liquidate the company, you'll not be enjoying any of the NAV.

 

[samba fan]

lack of dividend and last time tio burnt badly。。
was 1 dollar plus last time during clob days。。

 

[Unique99]

Tuan Sing
Total float: 1 176 000 lots
Liem family-owned Nuri Holdings hold 46.59%
Liem owner hold 4.72%; Liew’s wife hold 2.31%
At 36 cents share price, it is trading at 0.53 times its book value
Net asset value per share = 65.1 cents
Property contributed 52% of revenue and 70% of profit after tax

Own 100% of Grand Hotel Group, consisting of Grand Hyatt Melbourne and Hyatt Regency Perth
Own 43% of Gul Tech, a printed circuit board manufacturer in S’pore and China (plan to divest)
Own 49% of Pan West, a retailer in golf-related products (plan to divest)
Own 80% of SP Group, a commodities trading and tyre distribution company (plan to divest)
Own 98% of Hypak, a manufacturing and marketing polypropylene bags company in m'sia (plan to divest)
Properties portfolio include:
Seletar Park Residence in Upp Serangoon - 300 out of 332 units sold (31.01.14)
Sennett Residence in Potong Pasir - 263 out of 276 units sold (17.03.14)
Cluny Park Residence near Botanical Gardens - 20 out of 52 units sold (07.03.14)
The Oxley at Oxley Rise, a 10-storey mixed use developement
Robinson Tower at Robinson Road (18 570 sq ft; GFA 257 300 sq ft) – redeveloping
International Factors Bldg at Robinson Road

Robinson Point, a 21-storey office building (GFA 169 250 sqft)
Acquiring Gilstead Court in S’pore
In Australia, own 500 000 sq ft of land next to Perth hotel in CBD (equivalent to 3 office towers) and 200 000 sq ft office space
In Shanghai, own 4.08 mil sq ft of villa
In Fuzhou, own 1.8 mil sq ft of land (to build luxury condos)
In Qingdao, own 1.3 mil sq ft (for future villa)

 

[John.D Rockefeller]

Tuan Sing
Total float: 1 176 000 lots
Liem family-owned Nuri Holdings hold 46.59%
Liem owner hold 4.72%; Liew’s wife hold 2.31%
At 36 cents share price, it is trading at 0.53 times its book value
Net asset value per share = 65.1 cents
Property contributed 52% of revenue and 70% of profit after tax

Own 100% of Grand Hotel Group, consisting of Grand Hyatt Melbourne and Hyatt Regency Perth
Own 43% of Gul Tech, a printed circuit board manufacturer in S’pore and China (plan to divest)
Own 49% of Pan West, a retailer in golf-related products (plan to divest)
Own 80% of SP Group, a commodities trading and tyre distribution company (plan to divest)
Own 98% of Hypak, a manufacturing and marketing polypropylene bags company in m'sia (plan to divest)
Properties portfolio include:
Seletar Park Residence in Upp Serangoon - 300 out of 332 units sold (31.01.14)
Sennett Residence in Potong Pasir - 263 out of 276 units sold (17.03.14)
Cluny Park Residence near Botanical Gardens - 20 out of 52 units sold (07.03.14)
The Oxley at Oxley Rise, a 10-storey mixed use developement
Robinson Tower at Robinson Road (18 570 sq ft; GFA 257 300 sq ft) – redeveloping
International Factors Bldg at Robinson Road

Robinson Point, a 21-storey office building (GFA 169 250 sqft)
Acquiring Gilstead Court in S’pore
In Australia, own 500 000 sq ft of land next to Perth hotel in CBD (equivalent to 3 office towers) and 200 000 sq ft office space
In Shanghai, own 4.08 mil sq ft of villa
In Fuzhou, own 1.8 mil sq ft of land (to build luxury condos)
In Qingdao, own 1.3 mil sq ft (for future villa)

considering to purchase

not after dividends but rather for a 3-4 month holding period

 

[wahkao3]

this one good to buy?
buy liao can huat?

 

[Keverus]

kope frm another forum:

Alert Admin

1Q2015 results just out yesterday. 1Q2015 net profit doubles last year corresponding period. NAV rose to 70.2 cents

 

[Risk Adverse]

kope frm another forum:

This is an old story.
Tuan Sing is tightly held by the Liem family.
Minority shareholders are treated like dirt and are at their mercy.
What's the point of having good profits if shareholders don't get to enjoy any of it.
Caveat Emptor.