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Tuan Sing Holdings

SGX:T24
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T24
SGX
SGD486M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, Indonesia, Europe, and other ASEAN countries. The last earnings update was 81 days ago. More info.


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T24 Share Price and Events
7 Day Returns
0%
SGX:T24
0.5%
SG Real Estate
0.3%
SG Market
1 Year Returns
-7.9%
SGX:T24
-7%
SG Real Estate
-6.2%
SG Market
T24 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tuan Sing Holdings (T24) 0% 1.2% 5.1% -7.9% 24.2% 13.9%
SG Real Estate 0.5% 2.5% 6.4% -7% 6% -4.9%
SG Market 0.3% 3.1% 3.7% -6.2% 8.5% -3%
1 Year Return vs Industry and Market
  • T24 underperformed the Market in Singapore which returned -6.2% over the past year.
Price Volatility
T24
Industry
5yr Volatility vs Market

T24 Value

 Is Tuan Sing Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tuan Sing Holdings. This is due to cash flow or dividend data being unavailable. The share price is SGD0.41.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tuan Sing Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tuan Sing Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:T24 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.11
SGX:T24 Share Price ** SGX (2019-04-18) in SGD SGD0.41
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tuan Sing Holdings.

SGX:T24 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:T24 Share Price ÷ EPS (both in SGD)

= 0.41 ÷ 0.11

3.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tuan Sing Holdings is good value based on earnings compared to the SG Real Estate industry average.
  • Tuan Sing Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Tuan Sing Holdings's expected growth come at a high price?
Raw Data
SGX:T24 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-6.7%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tuan Sing Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tuan Sing Holdings's assets?
Raw Data
SGX:T24 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.92
SGX:T24 Share Price * SGX (2019-04-18) in SGD SGD0.41
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:T24 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:T24 Share Price ÷ Book Value per Share (both in SGD)

= 0.41 ÷ 0.92

0.44x

* Primary Listing of Tuan Sing Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tuan Sing Holdings is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Tuan Sing Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Tuan Sing Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

T24 Future Performance

 How is Tuan Sing Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tuan Sing Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tuan Sing Holdings expected to grow at an attractive rate?
  • Tuan Sing Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Tuan Sing Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Unable to compare Tuan Sing Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:T24 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:T24 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -6.7%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:T24 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:T24 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:T24 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 336 -94 134
2018-09-30 351 -45 65
2018-06-30 357 108 67
2018-03-31 360 113 66
2017-12-31 356 102 63
2017-09-30 362 87 25
2017-06-30 351 135 26
2017-03-31 373 159 29
2016-12-31 404 190 34
2016-09-30 446 195 36
2016-06-30 540 171 45
2016-03-31 627 153 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tuan Sing Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Tuan Sing Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:T24 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tuan Sing Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:T24 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:T24 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.11
2018-09-30 0.05
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.05
2017-09-30 0.02
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.03
2016-09-30 0.03
2016-06-30 0.04
2016-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tuan Sing Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tuan Sing Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tuan Sing Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

T24 Past Performance

  How has Tuan Sing Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tuan Sing Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tuan Sing Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Tuan Sing Holdings's 1-year earnings growth exceeds its 5-year average (114.5% vs 3.6%)
  • Tuan Sing Holdings's earnings growth has exceeded the SG Real Estate industry average in the past year (114.5% vs 5.7%).
Earnings and Revenue History
Tuan Sing Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tuan Sing Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:T24 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 336.11 134.38 30.64
2018-09-30 350.81 64.78 31.83
2018-06-30 357.16 66.80 31.72
2018-03-31 359.60 65.58 32.21
2017-12-31 355.96 62.63 32.20
2017-09-30 361.60 25.32 31.79
2017-06-30 350.88 25.96 31.57
2017-03-31 373.35 29.34 34.43
2016-12-31 404.02 33.59 35.61
2016-09-30 445.73 35.53 34.33
2016-06-30 539.79 45.29 33.25
2016-03-31 627.29 62.46 30.48
2015-12-31 677.12 68.83 30.03
2015-09-30 645.76 78.77 28.42
2015-06-30 561.26 80.12 26.25
2015-03-31 448.77 69.40 23.09
2014-12-31 354.77 61.17 20.43
2014-09-30 307.98 62.13 22.83
2014-06-30 262.33 50.36 25.63
2014-03-31 298.64 53.92 30.96
2013-12-31 302.27 52.00 32.85
2013-09-30 348.96 105.79 36.70
2013-06-30 378.18 112.06 35.33
2013-03-31 364.79 108.52 32.95
2012-12-31 371.85 109.53 33.83
2012-09-30 331.56 55.66 28.16
2012-06-30 295.20 48.83 25.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tuan Sing Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tuan Sing Holdings used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • Tuan Sing Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tuan Sing Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tuan Sing Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

T24 Health

 How is Tuan Sing Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tuan Sing Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tuan Sing Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tuan Sing Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tuan Sing Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tuan Sing Holdings Company Filings, last reported 3 months ago.

SGX:T24 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,108.46 1,630.44 133.48
2018-09-30 991.24 1,605.27 136.01
2018-06-30 996.85 1,477.95 162.91
2018-03-31 1,002.50 1,456.27 221.14
2017-12-31 1,000.22 1,458.21 217.30
2017-09-30 933.14 1,470.05 195.85
2017-06-30 925.15 1,463.88 177.88
2017-03-31 934.36 1,023.74 138.74
2016-12-31 930.46 1,021.81 164.09
2016-09-30 893.12 1,036.46 156.44
2016-06-30 881.77 1,079.30 132.04
2016-03-31 895.61 1,081.16 128.51
2015-12-31 887.46 1,107.24 142.63
2015-09-30 856.82 1,132.11 140.62
2015-06-30 841.54 1,231.07 157.23
2015-03-31 836.02 1,282.06 213.73
2014-12-31 813.05 1,344.87 258.23
2014-09-30 791.26 910.83 277.60
2014-06-30 775.26 916.80 276.19
2014-03-31 769.43 917.02 271.83
2013-12-31 759.21 917.66 278.03
2013-09-30 742.01 666.34 341.64
2013-06-30 734.83 610.56 271.84
2013-03-31 732.40 561.96 220.98
2012-12-31 720.56 561.29 212.23
2012-09-30 640.98 561.62 177.36
2012-06-30 633.85 548.25 162.38
  • Tuan Sing Holdings's level of debt (147.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (120.9% vs 147.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tuan Sing Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tuan Sing Holdings has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

T24 Dividends

 What is Tuan Sing Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.46%
Current annual income from Tuan Sing Holdings dividends.
If you bought SGD2,000 of Tuan Sing Holdings shares you are expected to receive SGD29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tuan Sing Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Tuan Sing Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.46%).
Upcoming dividend payment

Purchase Tuan Sing Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:T24 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:T24 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
SGX:T24 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.006 1.458
2018-01-26 0.006 1.517
2017-05-05 0.006 1.611
2016-04-29 0.006 1.994
2015-01-29 0.005 1.457
2014-05-07 0.005 1.276
2013-04-18 0.005 1.538
2012-03-22 0.003 0.973
2012-02-01 0.003 1.027
2011-03-16 0.004 1.303
2011-02-01 0.004 1.309
2010-02-08 0.003 1.298
2009-12-31 0.003 1.258

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tuan Sing Holdings is not paying a notable dividend for Singapore, therefore no need to check if the payments are stable.
  • Tuan Sing Holdings is not paying a notable dividend for Singapore, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Tuan Sing Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Tuan Sing Holdings's dividends as it is not paying a notable one for Singapore.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tuan Sing Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tuan Sing Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tuan Sing Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

T24 Management

 What is the CEO of Tuan Sing Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William Liem Nursalim
COMPENSATION SGD1,044,666
AGE 45
TENURE AS CEO 11.3 years
CEO Bio

Mr. William Nursalim, also known as William Liem, B.Sc., MBA, has been the Chief Executive Officer of Tuan Sing Holdings Ltd., since January 2008 and also served as its Executive Director of Technology & Manufacturing Division since January 15, 2004. Mr. Nursalim served as the Deputy Financial Controller and Finance Director of Habitat Properties Pte Ltd., and GT Asia Pacific Holdings Pte Ltd., from 1999 to 2000. Previously, from 1998 to 1999, he served at Gul Technologies Singapore Limited and Tuan Sing Holdings Limited in cost accounting and business development functions respectively. He served as a Corporate Analyst at Lehman Brothers from 1996 to 1997. Mr. Nursalim served as the Chief Executive Officer and Managing Director of SP Corporation Ltd., from December 1, 2009 to August 2010. He also served as Finance Manager of Gajah Tunggal Group from 1997 to 1998 and as Business Development Manager of Tuan Sing Holdings Ltd., from 1998 to 1999. Mr. Nursalim has been an Executive Director of Tuan Sing Holdings Ltd. since January 15, 2004. He has been a Non-Executive Director of Gul Technologies Singapore Ltd. since April 2009. He has been Non-Independent Non-Executive Director of SP Corporation Ltd. since August 2010. He serves as a Director of GT Asia Pacific Holdings Pte Ltd. and Nuri Holdings (S) Pte. Ltd. He is a Director of GITI Holdings Ltd, Prime Paper Company Limited and Prime Strategic Limited. Previously, he served as a Non-Executive Director of Tuan Sing Holdings Limited and SPP Limited from 1999 to 2000. Mr. Nursalim served as a Non-Executive Director of SP Corporation Ltd. from March 7, 2003 to August 1, 2010 and of Gul Technologies Singapore Ltd. from January 19, 2004 to February 22, 2008. He holds an MBA degree from the Massachusetts Institute of Technology Sloan School of Management and a Bachelor of Science degree in Business from the University of California at Berkeley.

CEO Compensation
  • William Liem's compensation has been consistent with company performance over the past year.
  • William Liem's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the Tuan Sing Holdings management team in years:

1.9
Average Tenure
  • The average tenure for the Tuan Sing Holdings management team is less than 2 years, this suggests a new team.
Management Team

William Liem Nursalim

TITLE
CEO & Executive Director
COMPENSATION
SGD1M
AGE
45
TENURE
11.3 yrs

Kok Leong

TITLE
Chief Financial Officer
TENURE
0.7 yrs

Peggy Wong

TITLE
General Counsel
TENURE
1.8 yrs

James Ong

TITLE
Senior Vice President of Sales
TENURE
2 yrs

Alexander Loh

TITLE
Human Resource Director
TENURE
0.2 yrs

Peter Kock

TITLE
Senior Vice President of Property Management
TENURE
2 yrs

Joseph Yong

TITLE
Managing Director of Soil & Foundation

Nick Ng

TITLE
Senior Vice President of Business Development

Eddie Sin

TITLE
Managing Director of Commodities Trading

Frank Khoon

TITLE
Managing Director of Tyre & Auto Products
Board of Directors Tenure

Average tenure and age of the Tuan Sing Holdings board of directors in years:

15.3
Average Tenure
56
Average Age
  • The average tenure for the Tuan Sing Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Beng Kheong Ong

TITLE
Chairman
COMPENSATION
SGD92K
AGE
60
TENURE
7 yrs

William Liem Nursalim

TITLE
CEO & Executive Director
COMPENSATION
SGD1M
AGE
45
TENURE
15.3 yrs

Albert Choo

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD107K
TENURE
17.2 yrs

Hong Kok Cheng

TITLE
Independent & Non-Executive Director
AGE
75
TENURE
1.7 yrs

David Lee

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
SGD66K
AGE
50
TENURE
17.3 yrs

Michelle Liem

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
SGD58K
AGE
52
TENURE
18 yrs

Ban Chuan Neo

TITLE
Independent & Non-Executive Director
AGE
65
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
25. May 18 Sell Go Lian Individual 24. May 18 24. May 18 -27,104,550 SGD0.44 SGD-11,793,200
25. May 18 Sell Lim Siong Individual 24. May 18 24. May 18 -55,326,150 SGD0.44 SGD-24,072,428
25. May 18 Buy Nuri Holdings (S) Pte. Ltd. Company 24. May 18 24. May 18 82,430,700 SGD0.44 SGD35,865,517
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Management checks
We assess Tuan Sing Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tuan Sing Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

T24 News

Simply Wall St News

Should You Be Adding Tuan Sing Holdings (SGX:T24) To Your Watchlist Today?

So if you're like me, you might be more interested in profitable, growing companies, like Tuan Sing Holdings (SGX:T24). … How Fast Is Tuan Sing Holdings Growing. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth.

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Do You Like Tuan Sing Holdings Limited (SGX:T24) At This P/E Ratio?

To keep it practical, we'll show how Tuan Sing Holdings Limited's (SGX:T24) P/E ratio could help you assess the value on offer. … Tuan Sing Holdings has a price to earnings ratio of 3.63, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Here's What We Think About Tuan Sing Holdings Limited's (SGX:T24) CEO Pay

William Liem Nursalim has been the CEO of Tuan Sing Holdings Limited (SGX:T24) since 2008. … How Does William Liem Nursalim's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Tuan Sing Holdings Limited has a market cap of S$457m, and is paying total annual CEO compensation of S$1.0m.

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What Kind Of Share Price Volatility Should You Expect For Tuan Sing Holdings Limited (SGX:T24)?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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What Kind Of Shareholder Appears On The Tuan Sing Holdings Limited's (SGX:T24) Shareholder Register?

A look at the shareholders of Tuan Sing Holdings Limited (SGX:T24) can tell us which group is most powerful. … Tuan Sing Holdings is not a large company by global standards. … See our latest analysis for Tuan Sing Holdings

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Should You Think About Buying Tuan Sing Holdings Limited (SGX:T24) Now?

Tuan Sing Holdings Limited (SGX:T24), which is in the real estate business, and is based in Singapore,. … A question to answer is whether Tuan Sing Holdings's current trading price of SGD0.34 reflective of the actual value of the? … Let’s take a look at Tuan Sing Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

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Should You Worry About Tuan Sing Holdings Limited's (SGX:T24) CEO Pay Check?

William Liem Nursalim has been the CEO of Tuan Sing Holdings Limited (SGX:T24) since 2008. … Our data indicates that Tuan Sing Holdings Limited is worth S$411m, and total annual CEO compensation is S$1m. … It would therefore appear that Tuan Sing Holdings Limited pays William Liem Nursalim more than the median CEO remuneration at companies of a similar size, in the same market

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How Tuan Sing Holdings Limited (SGX:T24) Delivered A Better ROE Than Its Industry

Tuan Sing Holdings Limited (SGX:T24) delivered an ROE of 6.7% over the past 12 months, which is relatively in-line with its industry average of 6.5% during the same period. … If T24 borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.

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How Should You Think About Tuan Sing Holdings Limited's (SGX:T24) Risks?

Broadly speaking, there are two types of risk you should consider when investing in stocks such as T24. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

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What You Must Know About Tuan Sing Holdings Limited's (SGX:T24) Financial Strength

Tuan Sing Holdings Limited (SGX:T24) is a small-cap stock with a market capitalization of S$488.45m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes.

Simply Wall St -

T24 Company Info

Description

Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, Indonesia, Europe, and other ASEAN countries. Its Property segment develops and invests in residential, commercial, and industrial properties; and provides property management services. The company’s Hotels Investment segment owns two five-star hotels managed by Hyatt International in Melbourne and Perth, Australia. Its Industrial Services segment trades and markets various industrial commodities, including coal, rubber, and metals used by manufacturers in the energy, rubber, and automotive industries; and distributes consumer products, such as feminine napkins, smart pants, baby diapers, and adult diapers, as well as provides in-house packaging services for supermarkets and airlines. This segment also provides geotechnical and soil investigation services; and manufactures un-laminated and laminated polypropylene woven bags for fertilizer, sugar, chemical, and flour and feed meal products. The company’s Other Investments segment manufactures and sells double-sided, multi-layered, and high-density printed circuit boards; and distributes and markets golf and golf-related lifestyle products. The company was formerly known as Hytex Limited and changed its name to Tuan Sing Holdings Limited in 1983. Tuan Sing Holdings Limited was founded in 1969 and is headquartered in Singapore.

Details
Name: Tuan Sing Holdings Limited
T24
Exchange: SGX
Founded: 1969
SGD486,344,034
1,186,204,962
Website: http://www.tuansing.com
Address: Tuan Sing Holdings Limited
9 Oxley Rise,
No. 03-02 The Oxley,
Singapore,
238697,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX T24 Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
BST TUS Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Tuan Sing Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 12:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/01/26
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.