The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.2% 3,184.74.
Cerebos Pacific (CER SP): The maker of Brand’s Essence of Chicken health tonic said net income in the three months ended December rose 16% to $42.6 million from a year earlier. The shares lost 1.2% to $4.87.
Tuan Sing Holdings says it posted a net profit after tax attributable to shareholders of $68.2 million for the year ended 31 December 2010, an increase of 53% compared to last year.
Property generated profit after tax of $52.3 million, driven by strong sales and profit recognition on Lakeside Ville Phase III in Shanghai and a fair value gain of $28.6 million largely from investment properties in Singapore.
Following its acquisition of Robin Court and 1 Robin Drive last year, Sing Holdings says has entered into a sale and purchase agreement to acquire yet another adjoining site Robin Star for $47 million.
The three sites have a combined land area of 64,878 sqft. With a plot ratio of 1.4 and including a 10% balcony area allocation, the Property can yield a gross floor area of about 99,913 sqft. The total purchase price of $124.33 million translates to $1,297 per square foot per plot ratio, inclusive of estimated development charges of about $5.28 million.
So it was you! Kanye’s got some ‘splainin’ to do after Kim Kardashian revealed that he’s the reason she’s laid down vocals on a pop song. Kardashian famous for her bangin’ body and reality TV series credits The Walking Ego with giving her the confidence to test out her singing abilities. The buxom pinup was [...]
Tuan Sing (T24.SG) is +14.9% at $0.27 on strong volume. Traders cite a column in today’s Business Times paper, highlighting the property group as an undervalued stock, as a reason for the jump.
Even at the current price, the stock trades at only 0.6x P/B, one of the lowest for Singapore developers.
Shares of Tuan Sing (TSHS.SI), a property, hotel investment and industrial services firm, rose as much as 12.8% on Wednesday after the Business Times argued it was undervalued given its growth and earnings potential.
At 10:11 a.m., Tuan Sing shares were up 10.6% at $0.26 on a volume of 12.6 million shares.
“People only wanted to buy familiar names — the most liquid, active names — initially, then when they had loaded enough they go searching for things that are off the radar,” said a local trader.
Anne Hathaway surprised the world-famous chorus from Staten Island”s Public School 22 by inviting them to croon at Oscars. The actress, co-host of this year”s world-famous, made a surprise appearance at the chorus”s show to announce that she would fly the group out to Los Angeles. A video posted on YouTube captured the excitement surrounding [...]
”The Pirates of the Caribbean” star Johnny Depp is set to sing for his favourite band”s new album. Babybird front man Stephen Jones has written a song for Depp, reports the Daily Star. The sing would be a part of the Sheffield band”s next album. The 47-year-old star played guitar on the group”s recent single [...]
Tuan Sing (T24.SG) is +6.4% at $0.25 as the property group’s land acquisition bid gains momentum.
It has won a tender with a $99.1 million bid for the collective sale of a Singapore property, Serene House, for redevelopment into a luxury residence.
This comes a day after it emerged as the highest bidder for a residential land parcel with a $123 million offer.
Tuan Sing Holdings says indirect wholly-owned subsidiary, Shelford Properties, has been awarded the tender for Serene House at $99.1 million.
The property, situated along Cluny Park Road, is directly opposite the proposed Botanic Gardens MRT station and the Singapore Botanic Gardens. This exclusive site is also in the vicinity of schools such as Raffles Girls’ Primary School, Nanyang Primary School, Singapore Chinese Girls’ Primary School, Anglo-Chinese School and Hwa Chong Institution.
Phillip Securities Research in an Aug 31 research report says: “The Government has announced cooling measures as part of efforts to curb runaway property prices.
Tuan Sing says it posted a net profit after tax attributable to shareholders of $26.4 million for the first half year ended 30 June 2010, an increase of 520% compared to the same period last year.
Group revenue reached $180.5 million in the first half, compared to $84.5 million the same period last year. Earnings per share for the first half year rose to 2.3 cents from 0.4 cent a year earlier. Net assets value per share advanced to 44.5 cents as at end June 2010.
Phillip Securities has upgraded Sing Holdings (5IC.SG) to Buy from Hold, raises fair value price to $0.46 from $0.43. Says despite 1Q10 loss, more losses unlikely in FY 2010 with revenue for The Laurels development yet to be recognised, according to Dow Jones.
Tuan Sing Holdings posted a net profit attributable to shareholders of $20.9 million for the first quarter 2010 from $0.7 million the same period last year.
Revenue stood to $105.7 million. Total comprehensive income attributable to shareholders was $24.2 million, as compared to $7.4 million the same quarter last year.
Earnings per share rose to 1.8 cents for the quarter and net assets value per share advanced to 45.4 cents as at 31 March 2010.
Sing Holdings (5IC.SG) is up 4.8% at 2-month high of $0.44 in active trade on expectations of strong demand for property developer’s latest Singapore residential project The Laurels.
One hundred out of development’s 229 units, located around city-state’s prime Orchard Road shopping belt, go on public preview March 13-14, with average selling price at $2,850 psf.
Singapore’s benchmark Straits Times Index (.FTSTI) fell 2.24% to close at 2,683.56 points last Friday. US stocks erased a midday drop to end slightly higher last Friday, closing out a volatile week punctuated by mixed signals from the labour market data and growing anxiety over fiscal problems in Europe. Here are some stocks to watch:
Tuan Sing Holdings, the company with businesses in property, hotels investment, industrial services and retail, posted a net profit of $44.7 million for FY2009, up from $2.7 million in last year.
Although revenue grew by 4% to $252.9 million, pre-tax profit before exceptional items increased by 143% to $34.8 million.
Australian singer Peter Andre is keen to record a duet with British singer Amy Winehouse after discovering that she is a fan of his music.
Andre has praised Winehouse’s talent and offered her support in her ongoing battle against drug and alcohol addiction, reports contactmusic.com.
He is now eyeing a collaboration with her after her goddaughter, budding [...]
Phillip Securities Research in a Dec 18 research report says: “Sing Holdings will launch The Laurels in 1Q10. We expect it to price the high-end property attractively. With the recovery of the mid-end and high-end market, we expect strong sales for this project.
Nick Lachey has been tapped to host The Sing-Off – NBC’s entry into the TV singing competition craze premiering on Dec. 14 and continuing over four nights — the network said on Monday.
Lachey, former frontman of the boy band 98 Degrees, will host the show that sees eight acappella groups competing for a $100,000 prize [...]
