Sing Holdings

Profitable yes, wildly no...
www.squarefoot.com.sg/trends-and-analysis/land-sales
Break even cost is 627.7 psf,
YOu decide how high can an EC go without the government stepping in.
But you dun need it to be widly profitable for the company and hence the share price to grow

The

They should be launching their 2 sites in 2013 with Robin in 1Q2013 and punggol site in 2H2013. The size of the punggol is 400,000 square feet while robin is 135,000. Even though the profit margin for punggol site might be lower, the site is almost 3 times bigger than robin.
As we know Robin is in a prime area which is within 250m of Steven MRT and with about 150 units it should sell fast and well. As for the punggol site, we all know the huge demand for ECs.....
 
If they earn 10 cents for FY2012, then PE is only 4.2 now. Expect a bumper dividend and hopefully bonus issue to celebrate the great performance.....
 
Sit tight and see the share price flies........

most kayu property counter ^^

lol kayu indeed....up half cents yesterday and drop today....Value trap....this counter only them mgmt will do well....another big bonus for them this year i guess..... sell sell sell...kayu stock value trappppppppppppppppppppppppppppppppp

Kayu? i guess if you are hoping for a strong run, you woul have been disapponted. @41 cents, it has proven to be resilient  -& that to me is a virtue enought and a reward enough especally when some speculative stocks have come down hrd this week. maybe I have a lot of patience...