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Wednesday, October 17, 2018

SGX

1st quarter result was released on Friday - 19th Oct 2018 and I think the result could be much better that market expectation of a drop in total revenue and net profit.

Overall it has managed to achieved a S$209 million, up 2% from a year earlier.
Operating profit: S$106 million, unchanged.
Net profit: S$91 million, unchanged
Earnings per share: 8.5 cents
Interim dividend per share: 7.5 cents, up by 2.5 cents

XD on 25th Oct 2018 and pay date on 5th Nov 2018.

Looks like we may see the price heading higher come Monday and head higher to fill up the gap at 7.01 and rises higher towards 7.10 with extension to 7.20 level.

Not a call to buy or sell.
Pls dyodd.

17th Oct 2018
After touching the low of $6.81 it has managed to stage a nice rebound and head higher to hit $6.95 today , this is rather bullish!

Short term wise, I think likely to continue to head higher!

Testing $7.01 then $7.10 with extension to $7.30 level .

Not a call to buy or sell.

Pls dyodd.

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.

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