Shares & Derivatives
Sing Holdings reports 57% rise in net profit for FY2010 to S$9.8mn…..with only an 11% revenue recognition of the sales from the Laurels
By Kevin Scully-Financial Blog  •  February 23, 2011

 Sing Holdings is probably one of the safer smaller property stocks to be holding over the next two years.  Despite four rounds of measures to curb the steady property price rise in Singapore.  Up until its recent purchase of some property plots in Robin Road, the Group has sold almost all its units in Belle Rive and the Laurels.  It was on the back of the strong sales at the Laurels that i added Sing Holdings to my Stock Picks.

Back to its FY2010 results.  The key highlights are listed below:

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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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