Photo by Duchamp

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:
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