Shares & Derivatives
Sing Holdings 2009 results – no major surprises but company did give update on Laurels….
By Kevin Scully-Financial Blog  •  March 2, 2010
[caption id="attachment_4051" align="alignright" width="150" caption="Photo by Duchamp"]Photo by Duchamp[/caption] Sing Holdings, one of my newer Stock Picks released its 2009 results last Friday. There were no major surprises in the numbers but the company did give an update on its project in Cairnhill - The Laurels". 2009 results take-aways: a) revenue in 2009 rose 243.6% to S$71.03mn b) net profit was S$7.24mn up 426.6% from 2008 with S$3.0mn being recorded in Q4-2009 c) company is proposing a final dividend of 0.7 cents e) 2009 EPS = 1.61 cents giving a 2009 PER of 25.0 f) NTA was 34.9 cents Update on the Laurels: Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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