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Saturday, September 29, 2018

STI ETF - ideal for DCA

I think is almost good time to revisit this STI ETF as can be seen from the chart, RSI is gently rising and price has stay above 20MA.

PE is about 11.3x which is still undervalue as the historical average PE is about 15x.

When is the Best time to lock in profit is when the RSI is over 70 and the PE is more than 20.


Not a call to buy or sell.
Pls dyodd.

I think good investing does not require too many fanciful ideas and strategies. Just one simple no-brainer strategy that can work effectively through time and allow us to sit back and relax to enjoyr the reward of the investment that is working effortlessly to achieve our investment goal of getting 8-10% gain( passive income).

This simple strategy is to invest in a low cost ETF( Exchange Traded Fund)  such as the STI ETF (ES3.SI) or NIKKO AM STI ETF(G3B.SI) 

This method of operation is to buy into STI ETF whenever it is in an oversold condition and to sell off and take profits whenever it is in an overbought condition. 
For example, one may use the  indicator such as the Relative Strength Index (RSI) to determine overbought ( above 70 ) or oversold condition( below 30).

One may plan to buy and selling of units in several batches whenever in oversold or overbought conditions in order to get the best average price.

For example you may plan to buy in at different interval or whenever the Oversold situation happen .

In any one year, there will be three to four such window opportunities of overbought or oversold conditions to operate by buying or selling units of the ETF. At the same time, we can also kept some units always to receive dividend income and for their long term growth in price appreciation.

With discipline and patience , one should be able to get good average returns per year in excess of certain % by this one simple strategy of investing in one single ETF .I think This simple one strategy is safe and allow one to sleep soundly at night without worry of negative news affecting individual stocks in one's portfolio which could crash the share price of the particular stock the next day. This is because even if one or two of the component stocks in STI ETF of blue chips should collapse in share prices, there will be 28 others to diversify away the risk of the entire portfolio collapsing at anytime.

As for younger folks who just started out working and does not have enough cashflows and savings , one may start to spread out the different batch of buying or applying the Dollar-cost-averaging method by investing $1000 at 6-8 different batches that would be able to achieve  lower average costs per unit. 

the example are as follows:-

1. When the index price is $2.00, your $1000 will be able to buy 500 shares.
2. When the index price is $2.50, your $1000 will be able to buy 400 shares
3. When the index price is $2.90, your $1000 will be able to buy 344 shares
4. When the index price is $1.66, your $1000 will be able to buy 625 shares
5. When the index price is $3.00, your $1000 will be able to buy 333 shares
6. When the index price is $3.20, your $1000 will be able to buy 312 shares
7. When the index price is $3.50, your $1000 will be able to buy 285 shares

Total = $7000 / 2799 shares = $ 2.50 average cost per unit.

By using this method, you will be able to make a profit once the stock market rises above this low average price.

RSP :

Just sharing.

Not a call to buy or sell.


Please do your own due diligence.

SingTel

2nd quarter result is due to be announced on 8th Nov 2018.
Dividend of 6.8 cents is coming!
Looks like it may likely re-attempt 3.20 . Breaking out with ease + good volume that may propel to drive the price higher towards 3.27.



NAV $1.86.
EPS of about 33 cents.
PE less than 10.
Dividend of 17.5 cents. Yield of 5.4% base on $3.24. Yield is quite attractive.

I have added a bit at $3.50 when the share price has fallen off from the High of $4.00.

Since then, I have again added at $3.28 and $3.15.

My average price is about $3.32. Which is still giving me a yield of 5.27%.


I think anything above 5% is still considered quite a good price.

Ideally, I would be happy to collect dividend while waiting for price to rise back to $3.50 then $3.80 and the possibility of hitting $4.00 again.

Not a call to buy or sell.

Pls dyodd.

quote :
intelligentinvestor
I feel best time to pick up good stocks is when they are being neglected for one reason or another. The game is to wait for the price to come down to buy and wait again for it to bear fruit over a long period of time. I think it is more important that the earnings are steady and always improving; than having heart-stopping thrilling actions on their stock price. Good luck!




Total debt/equity is about 30%, which is less than 50% seems quite healthy.

ROE is about 18% which is also another plus factor .

Total Ops cash flow seems pretty positive as can be seen from the table below:

The current price is trading quite near the 52 week low of $3.02. It is still quite a distance away from its 52 week High of 3.80.

The company has made this announcement:

DIVIDENDS The Board is recommending a final ordinary dividend per share of 10.7 cents, bringing the total ordinary dividend per share for the year to 17.5 cents, representing a payout of approximately S$2.86 billion.

 Barring unforeseen circumstances, the Group expects to maintain its ordinary dividends of 17.5 cents per share for the next two financial years and thereafter, will revert to the payout of between 60% and 75% of underlying net profit. 

http://infopub.sgx.com/FileOpen/4thqtr-NR-Singtel.ashx?App=Announcement&FileID=506206

I think the company is able to maintain paying the yearly dividend of  between 15 to 17.5 cents .
Let say we take the underlying net profit of $4b. 75% of $4b , the payout is about $3b. The dividend would be about 18.75 cents .
If we use the lowest rate of 60% x $4b, the payout would be $2.4b giving a yearly dividend of 15 cents .

Friday, September 28, 2018

SGX

SGX just went Ex-dividend on 26th September 2018. Nice Dividend of 15 cents.

If we add back 0.15 + 7.37 , it would be trading at 7.52 , indeed it has managed to clear 7.50 level.


Likely to continue to head higher to test 7.50 then 7.60 level.


Going forward, the company will be giving out quarterly dividend of 7.5 cents for each quarter which is adding up to a total of 30 cents yearly dividend. A nice dividend counter to put in on our watchlist or portfolio.

Another dividend of 7.5 cents is coming in October..
Huat ah!




Singapore Exchange Limited, together with its subsidiaries, operates an integrated securities exchange and derivatives exchange in Singapore and related clearing houses. It operates through Equities and Fixed Income; Derivatives; and Market Data and Connectivity segments. The company provides issuer, securities trading and clearing, post trade, membership and collateral management, derivatives trading and clearing, and market data and connectivity services. It also offers counterparty guarantee, and depository and related services for securities transactions; bond trading services; front-line regulatory functions; and computer services and software maintenance services, as well as consultancy services. In addition, the company provides and distributes bulk freight market indices and information; and operates regulated freight derivatives trading facility and electricity market. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.

YZJ

A nice breaking out moment + good volume and closed well at $1.24, this is rather bullish.


Short term Wise, I think it may likely re-attempt to take out 1.24 which is the immediate resistance level. Breaking out with high volume with ease that may continue to drive the price Higher towards $1.30 then $1.32..


Not a call to buy or sell.

Pls dyodd.


Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, operates in the shipbuilding activities. The company operates through Shipbuilding, Investments, Trading, and Others segments. It produces a range of commercial vessels, such as containerships, dry bulk carriers, oil tankers, and liquefied natural gas (LNG) carriers. The company also engages in the production and processing of steel structures. In addition, it facilitates the sale and export of ships for the ship builder; trades in ship related equipment and shipbuilding related materials/supplies; provides microcredit to enterprises and individuals; invests in held-to-maturity financial assets; and supplies marine equipment and materials. Further, the company is involved in the ship demolition and vessel owning activities. It primarily serves ship owners in the United States, Canada, the United Kingdom, Germany, France, Greece, Norway, Argentina, Turkey, Bulgaria, Poland, Australia, Japan, South Korea, Singapore, India, Thailand, Bangladesh, Mainland China, Hong Kong, Taiwan, etc. The company was founded in 1956 and is headquartered in Jingjiang, China.

Thursday, September 27, 2018

Sembcorp Marine

Will this kind of chart patterns be able to sustain for long?

 Non-stop continuous pump up candlestick and the candlestick body is getting smaller and smaller.



 I would stay cautious and not to chase as I think is good for it to retreat a bit before continue this Uptrend move.


 If not, the next moment we may seeing a sharp correction mode happening soon!

Quote :

US crude sanctions against Iran could push oil prices above $100 a barrel, strategists say.


 Not a call to buy or sell.

 Pls dyodd.

Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs. It also engages in the repair, refurbishment, retrofitting, life-extension, upgrading, and conversion of vessels, marine and offshore structures, LNG and LPG gas carriers, cruise ships, ferries, mega-yachts, floating production vessels, MODUs, tankers, containers, and cargo ships, as well as offers jumboization and dejumboization solutions. In addition, the company offers afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, steel and pipe work, electrical and instrumentation repair, mechanical and motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, specialists service and navigation, automation, safety, and fire protection services. Further, it offers offshore platform solutions, such as integrated process; production, riser, and drilling; wellhead, power generation, manifold, and accommodation platforms; and wind-farm substations, as well as topside modules fabrication, installation, and integration. Additionally, it designs and builds sophisticated, specialized, gas value chain, ferry, RoPax, cruise, renewable energy and offshore support, naval support and security, and research and scientific survey vessels. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries Ltd.

Wednesday, September 26, 2018

Centurion

NAV 0.557.
Yealy dividend of 2 cents.
Yield of 4.54%. If plus special dividend of 0.5 cent then yield would be higher at 5.68%.
PE of 11.89x 

TA wise, neutral mode.
Likely to retest 45/45.5 cents! 


Not a call to buy or sell.
Pls dyodd.

I was looking at Centurion Corp. The first few things I picked up which were important were it's fast growth, mounting debt level as well as increase in equity through various means such as conversion of warrants to shares etc. 
Quote: Jeremyowtaip


I decide to follow on with more investigation into these areas to see what I can find. As such, I list down the following findings and provide my opinion on this company.
I look at their growth in revenue, operating profit and net profit attributable to shareholders for the past 5 years (2012 to 2017).

 The CAGR for their revenue was 16.01%. The CAGR for their operating profit was 37.11%. 


The CAGR for their net profit attributable to shareholders was 28.26%. This company has been really profitable and experienced fast growth in running their businesses which are into workers and students accommodation. They have also ventured to overseas markets like UK and Malaysia. But their businesses still derive predominantly their revenue from Singapore.

Next, I look at their debts over the years. Five years ago, their debt to equity ratio was 0.69. As of current Jun 2018, their debt to equity ratio was 1.35. It looks like they have been gearing up taking on higher debts to pursue growth over the past 5 years.

Now, it begs the question whether they have reached a point whereby they have geared themselves too much. I will leave this opinion to the individual reader as different people can see things differently. Some would say it is still ok given their nature of business in providing accommodation which is well diversified across different premises, different locations in a country, different geographical regions, serving different client types (workers and students) and has good occupancy rates showing the demand is still strong to meet supply. However, I noted that this year, their revenue has decreased due to a lease on one of their premises expiring. Thus, be careful of thinking things will always be a bed of roses as the future of any business is always unpredictable. Only one thing is predictable here. Creditors always run after their debtors to get their money back when the time is up.


 And we already seen so many cases of companies pursuing growth with high leverage which did not turn out well. When times are good, people do not question high leverage. When times are bad for the business, then suddenly people start to grow very panicky and rushed for the exit to sell their stocks in a company which is running into debt problems.


Last but not least, I look into their equity position. Their EPS 5 years ago in 2012 was 1.21 cents. Their EPS in 2017 was 4.17 cents. Their CAGR in EPS was 28.1%. Their CAGR in shareholder equity was 34.24%. Their return on equity in 2012 was 8.6%. Their return on equity in 2017 was 6.85%. It seems that despite some dilution measures they have taken to raise equity in various forms also to pursue growth, they still managed to maintain decent profitability for shareholders in terms of EPS growth. However, returns on equity have fallen over the 5 years due to their raising of equity to pursue growth apart from debts.


The current ratio for Centurion Corp is now around 0.54. It has intentions of taking up a potential bond to fulfill it's immediate debt obligations (see link below). It has grown well by taking on high leverage, similar levels to the likes of Ezion Holdings last time. This is a choice an investor has to make here. Would you have the attraction and risk appetite of a high leverage growth company like Centurion or not? Again, different people, different opinions on the whether the high leverage growth in Centurion is still safe after all or not based on it's business model and operating industry which is different from Ezion Holdings.
"Centurion Corporation Limited: Potential New SGD Bond" by FSMOne 
https://secure.fundsupermart.com/fsm/article/view/14019/centurion-corporation-limited-potential-new-sgd-bond

Tuesday, September 25, 2018

Genting Sing

Looks like Genting Sing is attempting to clear 1.07 hurdle soon!

Breaking out with good volume that may propel to drive the share price Higher towards 1.10 then 1.18 with extension to 1.23..

Not a call to buy or sell.
Trade/invest base on your own decision.


3rd September 2018
Looking at the chart we can notice that the Supply has more or less exhausted with the indication of the super wide Volume bar reflected in RED.

The volume bar has generally turned lower.


 The Demand started to come in with the indication of the stronger buying interest accompany with the super wide Volume bar in GREEN .

 This seems that the ACCUMULATION process is on going.

 Once BB has collected with sufficient amount of share, we can witness that the price had started to breakout of the Accumulation zone and rises higher.


 Genting Sing had a nice white thrust bar appeared on the chart today couple with high volume. This is rather positive. A nice Breaking out of the hurdle/accumulation zone at $1.10, this is super bullish!

Short term wise, it may likely re-attempt $1.14 the immediate Resistance. Breaking out with ease + high volume that may propel to drive the price higher towards $1.22,next $1.25.

Not a call to buy or sell.

Please do your own due diligence.


Genting Singapore Limited, an investment holding company, engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, and entertainment facilities. The company primarily owns Resorts World Sentosa, a destination resort, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore Theme Park, MICE facilities, hotels, Michelin starred restaurants, and specialty retail outlets. It is also involved in the operation of casinos; and provision of sales and marketing support services to leisure and hospitality related businesses, as well as in the investment activities. Genting Singapore Limited was incorporated in 1984 and is headquartered in Singapore. Genting Singapore Limited is a subsidiary of Genting Overseas Holdings Limited.

Sunday, September 23, 2018

Distribution Indication

Keppel Corp - Chart wise, seem to be indicating that Distribution is about to be taking place.

 As can be seen from the chart, Huge demand has almost exhausted with Very High volume transacted. From the Historical chart patterns, after a nice Bullish wide candlestick appeared on the chart accompany with Huge volume bar, price tend to be corrected and drifted lower .


 It might be good to lock in profit and wait for further clarity before taking the next course of action.

 Not a call to buy or sell.

 Pls dyodd.


 Keppel Corporation Limited, an investment holding company, engages in the offshore and marine, property, and infrastructure businesses in Singapore, China, Brazil, other Far East and ASEAN countries, and internationally. It constructs, fabricates, and repairs offshore production facilities and drilling rigs, power barges, specialized vessels, and other offshore production facilities; researches and develops deepwater engineering works; engineers, constructs, and fabricates platforms for the oil and gas sector; undertakes shipyard works and other general business activities; and procures equipment and materials for the construction of offshore production facilities. The company is also involved in the trading and installation of hardware, industrial, marine, and building related products; provision of leasing services; sourcing, fabricating, and supply of steel components; ship repairing, shipbuilding, and conversion activities; marine contracting and ship owning business; painting, blasting, and process and sale of slag; property investment, management, and development activities; fund management; golf and hotel ownership and operation; development of marina lifestyle and residential properties; trading of construction materials; development of district heating and cooling systems; electricity generation and supply, and general wholesale trade businesses; purchase and sale of gaseous fuels; and trading of communication systems and accessories. In addition, it offers jacking systems, and heavy-lift equipment and related services; project management and procurement, towage, financial, real estate investment trust management, logistics and supply chain, warehousing and distribution, data center facilities management, travel agency, and metal fabrication services; housing services for marine workers; and technical consultancy for ship design and engineering works, as well as solid waste treatment solutions. The company was incorporated in 1968 and is based in Singapore.

Saturday, September 22, 2018

Ascendas Reit

Last Friday we have witnessed a wide Bearish bar down 4 cents to close at 2.56 , couple with High volume this is rather bearish.


Short term wise, I think it may likely retest 2.54 then 2.49 with extension to 2.45 level.

 Not a call to buy or sell.

 Pls dyodd.


 Based on A-REIT's own announcement on their rationale for the private placement, it was meant to raise funds for acquisition of a UK portfolio of 12 properties which A-REIT thinks will increase long term distributions for unitholders. The funds raised from private placement was also to be used for a built to suit property development, for repayment of some debts, for reducing their gearing, for setting aside some cash for future acquisitions and also to increase trading liquidity of it's units. It seems that A-REIT has good rationale for doing this private placement.


 I provide a link below for further read on A-REIT's recent private placement.

 Let us see below. Over the past 9 years, A-REIT has grown it's revenue at a CAGR of 9.02%. It has grown it's net property income at a CAGR of 8.72%. It has grown it's distributions to unitholders at a CAGR of 9.27%. It has grown it's value of investment properties at a CAGR of 9.63%.


 "Hot stock: Ascendas Reit units down 2.6% after manager prices S$452m placement at S$2.54 per unit" by The Business Times https://www.businesstimes.com.sg/companies-markets/hot-stock-ascendas-reit-units-down-26-after-manager-prices-s452m-placement-at-s254

Friday, September 21, 2018

SGX, KepCorp and STI ETF

If you are wondering what counters would be nice to consider, you may want to monitor these few counters . Not a call to buy or sell.Please do your own due diligence.


SGX
Dividend power! Dividend of 15 cents, ex-dividend on 26th Sept 2018. Looking good to ramp up further towards 7.60 !



SGX declared Final dividend of 15 cents ,increased by 2 cents from 13 cents . I think shareholders would be happy to boost their dividend income.

Likely to continue to head higher!

Going forward, the company will be giving out quarterly dividend of 7.5 cents for each quarter which is adding up to a total of 30 cents yearly dividend. A nice dividend counter to put in on our watchlist or portfolio.



KepCorp
On 20th Sept 2018, Keppel Corp has a very nice run-away Gap up candlestick reflected on the chart. Couple with rather high and impressive volume and closed well at 6.80 , this is rather bullish!

The next day it has again started with another Gap up candlestick and close very well at 7.03. 
The volume bar is extremely huge. 
It might be good for it to take a short break before continue to rise further.
As can be seen, immediately resistance is at 7.07 level.

Short term wise, I think it may likely move up to retest $7.20 with extension to $7.40 level.


Trade/invest base on your own decision.

STI ETF

This simple strategy is to invest in a low cost ETF( Exchange Traded Fund)  such as the STI ETF (ES3.SI) or NIKKO AM STI ETF(G3B.SI) .

This method of operation is to buy into STI ETF whenever it is in an oversold condition and to sell off and take profits whenever it is in an overbought condition. 
For example, one may use the  indicator such as the Relative Strength Index (RSI) to determine overbought ( above 70 ) or oversold condition( below 30).

One may plan to buy and selling of units in several batches whenever in oversold or overbought conditions in order to get the best average price.


For example you may plan to buy in at different interval or whenever the Oversold situation happen .

As for younger folks who just started out working and does not have enough cashflows and savings , one may start to spread out the different batch of buying or applying the Dollar-cost-averaging method by investing $1000 at 6-8 different batches that would be able to achieve  lower average costs per unit. 

the example are as follows:-

1. When the index price is $2.00, your $1000 will be able to buy 500 shares.
2. When the index price is $2.50, your $1000 will be able to buy 400 shares
3. When the index price is $2.90, your $1000 will be able to buy 344 shares
4. When the index price is $1.66, your $1000 will be able to buy 625 shares
5. When the index price is $3.00, your $1000 will be able to buy 333 shares
6. When the index price is $3.20, your $1000 will be able to buy 312 shares
7. When the index price is $3.50, your $1000 will be able to buy 285 shares

Total = $7000 / 2799 shares = $ 2.50 average cost per unit.


By using this method, you will be able to make a profit once the stock market rises above this low average price.





Thursday, September 20, 2018

UMS

After touching the low of 67.5 cents it has manage to reclaimed 70 cents level, looks rather positive!

Yesterday it has managed to close well at 70.5 couple with high volume this is rather bullish!
A bullish pin bar seems appearing on the chart indicating Bull is in control .

Short term wise, I think it may rise up to test 75 cents then 80.

Not a call to buy or sell.

Pls dyodd.

UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. It operates through two segments, Semiconductor and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides water disinfection systems shipment services; and supplies base components to oil and gas original equipment manufacturers. The company also offers precision machining services, including milling, lathe, horizontal, cleaning, anodizing, and CMM; metal finishing services, such as electroless and selective nickel, anodizing, plating, e-polish, chemical cleaning, and parts refurbishment; and system integration, refurbishment, prototyping, and vendor managed inventory services, as well as electroplating services. In addition, it is involved in the assembly and integration of equipment and automated assembly lines; manufacture and assembly of stainless steel gaslines and weldment products; manufacture and repair of waste water treatment equipment; and holding of investment properties. The company serves semiconductor, electronic, machine tools, aerospace, and oil and gas industries. It operates in Singapore, Malaysia, the United States, Poland, Taiwan, South Korea, and the People’s Republic of China. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.

Creative

We had witnessed a wide thrust bar or a white soldier appeared on the chart today. A nice breaking out of the channel. Looks rather bullish!

Today action is coupled with slightly higher volume and close 59 cents higher at $6.59. Looks rather positive.



We may want to take advantage of this thrust bar and ride on this bullish momentum.

Short term wise, I think it may likely move up to retest $7.00 then $7.50 with extension to $8.00.

Not a call to buy or sell.

Please do your own due diligence.



Also do take note that the recent positive sentiment towards the company share price could be due to the launch of their Super X-Fi product that is due to be launched in the market soon.





Creative Technology Ltd., together with its subsidiaries, designs, manufactures, and distributes digital entertainment products worldwide. It primarily provides digitized sound and video boards, computers, and related multimedia and personal digital entertainment products. The company also offers sound blasters, gaming headsets, speakers, headphones, MP3 players, Web cameras, and accessories, as well as software products. In addition, it provides multimedia solutions for personal computers and personal digital entertainment products. The company markets its products and solutions to consumers and system integrators through a distribution network, including traditional marketing channels, original equipment manufacturers, and Internet. Creative Technology Ltd. was founded in 1981 and is based in Singapore.

Wednesday, September 19, 2018

Keppel Corp

Oil prices slip after Trump criticizes OPEC

It is still hovering at $71.27 level. cnbc.com ( 20th Sept 2018)

Today Keppel Corp has a very nice run-away Gap up candlestick reflected on the chart. Couple with rather high and impressive volume and closed well at 6.80 , this is rather bullish!

Short term wise, I think it may likely move up to retest $7.00 then $7.20 with extension to $7.40 level.

Oil prices surge past $70 mark and close well at $71.12. Looking good to continue to rise further.



Keppel Corp may likely rise to retest 6.80 then 7.00.

Not a call to buy or sell.

Pls dyodd.


I think Keppel Corp may tend to benefit with oil price heading higher and the potential of winning more new rigs orders..




2Q2018 result:
looks like a good set of financial result.
EPS of 32.2 cents for 1H 2018 an increased of 38% , looks rather impressive.

Estimated whole year EPS of 64.4 cents. Current price of $6.73 would be having a PE of 10.45x. Looks quite attractive.

Interim dividend increased of 2 cents to 10 cents + a Special dividend of 5 cents. Total 15 cents.
Shareholders would be more than happy to see dividend increasing.

Short term wise, we may see a boost in share price given a good set of financial nos.

Not a call to buy or sell.

Please do your own due diligence.






Net profit was S$583m  EVA was S$275m

 Annualised ROE was 9.9%

 Free cash inflow of S$886m in 1H 2018, vs inflow of S$204m in 1H 2017

 Net gearing was 0.40x at end-Jun 2018 vs 0.46x at end-Dec 2017

 Declared interim dividend of 10.0 cents per share and special dividend per share of 5.0 cents for 1H 2018

1H 2018 net profit S$583m, up 38% yoy



Multiple Earnings Streams 

 Recurring income was S$130m or 22% of net profit for 1H 2018

Marine & Off-shore Net Loss of 40m.
Net loss due to lower work volume and associate contributions, and higher overseas taxes

 Lower overheads contributed to S$14m operating profit in 1H 2018

 1H 2018 new contracts of over S$1.2b including S$680m in 2Q 2018:

 Two new jackup orders from Borr Drilling as part of five-rig deal worth US$745m

 Two dual-fuel dredgers from Van Oord and a dual-fuel tanker from Sinanju

Net order book of S$4.6b as at end-Jun 2018

Property

1H 2018 net profit S$603m, up 214% yoy

Infrastructure 

1H 2018 net profit S$66m, up 16% yoy

Key Highlights  Keppel Infrastructure continues to deliver steady earnings

 Keppel Marina East Desalination Plant (KMEDP) close to 50% completed

 Hong Kong Integrated Waste Management Facility (HKIWMF) in design and engineering phase

 Recurring revenue of ~S$70m from Infrastructure Services in 1H 2018

 KMEDP and HKIWMF to boost recurring revenue when operational

Investments

1H 2018 net loss $46m.