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Last $1.23 SGD
Change Today 0.00 / 0.00%
Volume 2.0K
SIF On Other Exchanges
Symbol
Exchange
Singapore
As of 4:45 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

sing investments & finance (SIF) Snapshot

Open
$1.23
Previous Close
$1.23
Day High
$1.23
Day Low
$1.23
52 Week High
04/24/15 - $1.39
52 Week Low
08/26/15 - $1.23
Market Cap
193.9M
Average Volume 10 Days
33.1K
EPS TTM
$0.07
Shares Outstanding
157.6M
EX-Date
04/28/15
P/E TM
16.9x
Dividend
$0.06
Dividend Yield
4.88%
Current Stock Chart for SING INVESTMENTS & FINANCE (SIF)

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sing investments & finance (SIF) Details

Sing Investments & Finance Limited provides financing and nominee services to individuals and corporations in Singapore. Its loans and financing products include housing loans, commercial property loans, HDB home loans, car loans, share loans, shipping loans, and land and construction loans, as well as block discounting financing, floor stock financing, machinery financing, and local enterprise finance scheme products. The company also offers various deposit products, such as fixed deposits, conveyancing accounts, savings accounts, and FD promotion products. In addition, it provides invoice factoring/account receivables; and safe deposit box services. The company was incorporated in 1964 and is headquartered in Singapore.

Founded in 1964

sing investments & finance (SIF) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

sing investments & finance (SIF) Key Developments

Sing Investments & Finance Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Sing Investments & Finance Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced net interest income and hiring charges of SGD 8,400,000 compared to SGD 7,761,000 for the same period a year ago. Income before operating expenses was SGD 9,599,000 compared to SGD 8,991,000 for the same period a year ago. Profit from operations before impairment losses was SGD 4,054,000 compared to SGD 4,119,000 for the same period a year ago. Profit before income tax was SGD 3,153,000 compared to SGD 3,201,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was SGD 2,658,000 compared to SGD 2,695,000 for the same period a year ago. Annualized earnings per share, basic and diluted was 6.75 cents compared to 6.84 cents for the same period a year ago. Net cash generated from operating activities was SGD 116,722,000 compared to net cash used in operating activities of SGD 18,087,000 for the same period a year ago. Purchase of property, plant and equipment and investment properties was SGD 139,000 compared to SGD 73,000 for the same period a year ago. The increase in income was more than offset by a 13.8% increase in other operating expenses largely attributed to higher staff costs. For the six months, the company announced net interest income and hiring charges of SGD 16,450,000 compared to SGD 16,259,000 for the same period a year ago. Income before operating expenses was SGD 19,011,000 compared to SGD 18,533,000 for the same period a year ago. Profit from operations before impairment losses was SGD 8,492,000 compared to SGD 8,645,000 for the same period a year ago. Profit before income tax was SGD 6,259,000 compared to SGD 7,738,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was SGD 5,254,000 compared to SGD 6,467,000 for the same period a year ago. Annualized earnings per share, basic and diluted was 6.67 cents compared to 8.21 cents for the same period a year ago. Net cash generated from operating activities was SGD 86,209,000 compared to net cash used in operating activities of SGD 7,084,000 for the same period a year ago. Purchase of property, plant and equipment and investment properties was SGD 168,000 compared to SGD 101,000 for the same period a year ago. Net interest income and hiring charges rose by a marginal 1.2% as the increase of 15.9% in interest income and hiring charges was partially offset by an increase of 43% in interest expense from an increased deposit base and higher average interest costs.

Sing Investments & Finance Limited Announces Management Changes, Effective May 1, 2015

The Board of Directors of Sing Investments & Finance Limited announced the appointment of Mr. Ng Tat Pun as the Non-Executive Chairman of the Board in place of Mr. Lee Sze Leong, with effect from 1st May 2015. This is in line with the recommendation of Guideline 3.1 of the Code of Corporate Governance 2012 where the Chairman and the Chief Executive Office should in principle be separate persons, to ensure an appropriate balance of power, increased accountability and greater capacity of the Board for independent decision making. As Non-Executive Chairman of the Board, Mr. Ng Tat Pun will be responsible for, amongst others, setting the Board meeting agenda to ensure that adequate time is available for discussion of all agenda items, in particular strategic issues and promoting high standards of corporate governance. Besides ensuring effective communication with shareholders, he will also act as facilitator to the Non-Executive Directors for them to effectively contribute to the Board and Company. Mr. Lee Sze Leong, the current Chairman of the Board cum Managing Director/CEO of the Company, will step down as Chairman of the Board on 1st May 2015 and will remain on the Board as an executive director and continue to be the Managing Director/CEO of the Company. He will focus on managing the business and operations of the Company, in particular, driving the financial performance and spearheading the strategic development of the Company and execution of the strategic plans set out by the Board. He will also ensure that the Directors are kept updated and informed of the Company's business. Following the aforementioned change, the appointment of Lead Independent Director, currently also held by Mr. Ng Tat Pun, will cease as it is no longer required.

Sing Investments & Finance Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Sing Investments & Finance Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income and hiring charges of SGD 8,050,000 compared to SGD 8,498,000 a year ago. Income before operating expenses was SGD 9,412,000 compared to SGD 9,542,000 a year ago. Profit before income tax was SGD 3,106,000 compared to SGD 4,537,000 a year ago. Profit was SGD 2,596,000 or 6.59 cents per basic and diluted share compared to SGD 3,772,000 or 9.57 cents per basic and diluted share a year ago. Net cash used in operating activities was SGD 30,513,000 compared to net cash generated from operating activities of SGD 11,003,000 a year ago. Purchase of property, plant and equipment and investment properties was SGD 29,000 compared to SGD 28,000 a year ago.

 

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Industry Analysis

SIF

Industry Average

Valuation SIF Industry Range
Price/Earnings 16.2x
Price/Sales 5.3x
Price/Book 0.6x
Price/Cash Flow 14.8x
TEV/Sales NM Not Meaningful
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