The chances of it going back to 30 cents is zero!
It won't stop climbing beyond 40 cents.
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[Guest 23-09-2012]:
compare to others, price is not attractive at this level for Sing Holding. i will look at it if it go to 30c.
Seems like 3Q2012 result would be good. Some BBs are accumulating and TOP of The Laurels could be in 2Q2013. That meant that the revenue recognition for the remaining 55% of the 96% sold The Laurels would be on average spread over 4 quarters(3Q2012, 4Q2012, 1Q2013 and 2Q2013) instead of 5 quarters (3Q2012, 4Q2012, 1Q2013 and 2Q2013 and 3Q2013).
That would be on average 14%(55%/4) revenue recognition compared to 11%(55%/5). Comparred to 9% revenue recognition for 2Q2012, no matter if it is 11% or 14%, most likely we should see an increase in earnings compared to 3Q2011 and 2Q2012.
Faster TOP of The Laurels also meant less discount on NAV.