My Trading plan:
EP 97.5.
TP 106 - 110.
SL 93.5.
Not a call to buy or sell.
Just sharing!
Pls dyodd.
Trade/invest base on your own decision.
Tuesday, April 30, 2019
First Reit
TA wise, it looks pretty oversold and it is now looking good to kick-start of the Reversal play patterns!
My Trading plan:
EP 97.5.
TP 106 - 110.
SL 93.5.
Not a call to buy or sell.
Just sharing!
Pls dyodd.
Trade/invest base on your own decision.
My Trading plan:
EP 97.5.
TP 106 - 110.
SL 93.5.
Not a call to buy or sell.
Just sharing!
Pls dyodd.
Trade/invest base on your own decision.
Monday, April 29, 2019
SingTel
FY 2018 result will be out on 15 May 2019 before market commence!
Can expect final dividend of 10.7 cents .
Huat ah!
It has managed to bounce-off from 3.10 and surge higher to close well at 3.17, looks Bullish!
The current price of 3.17 is staying above it's 200 days Moving Average looks positive and may likely re-captured 3.20 and rally towards 3.28 level! Huat ah!
Pls dyodd.
Yesterday we have witnessed the wide Bullish bar that is engulfing the previous candlestick , looks positive!
Close 3 cents higher at 3.16 coupled with quite a high volume looks pretty healthy/positive.
I think it may likely move up to retest 3.20 level !
Pls dyodd.
23rd April 2019
SingTel it is looking good to re-conquer 3.20 again !
Breaking out of 3.20 smoothly + good volume that may drive the price higher to 3.28!
Pls dyodd.
18th April 2019
After hitting the high of 3.20, it is now taking a breather.
So far, the pull back is pretty healthy!
After this break, I think it is looking good to re-attempt 3.17 then 3.20 and surge higher towards 3.28 and above
Not a call to buy or sell.
Pls dyodd.
10th April 2019
Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!
Finally, the bull is back !
Looking good to retest 3.20 then 3.28 level .
Pls dyodd.
TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.
Looks healthy and it may likely move up to retest the next level that is 3.20
Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.
Not a call to buy or sell.
Pls dyodd.
Can expect final dividend of 10.7 cents .
Huat ah!
It has managed to bounce-off from 3.10 and surge higher to close well at 3.17, looks Bullish!
The current price of 3.17 is staying above it's 200 days Moving Average looks positive and may likely re-captured 3.20 and rally towards 3.28 level! Huat ah!
Pls dyodd.
Yesterday we have witnessed the wide Bullish bar that is engulfing the previous candlestick , looks positive!
Close 3 cents higher at 3.16 coupled with quite a high volume looks pretty healthy/positive.
I think it may likely move up to retest 3.20 level !
Pls dyodd.
23rd April 2019
SingTel it is looking good to re-conquer 3.20 again !
Breaking out of 3.20 smoothly + good volume that may drive the price higher to 3.28!
Pls dyodd.
18th April 2019
After hitting the high of 3.20, it is now taking a breather.
So far, the pull back is pretty healthy!
Not a call to buy or sell.
Pls dyodd.
10th April 2019
Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!
Finally, the bull is back !
Looking good to retest 3.20 then 3.28 level .
Pls dyodd.
TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.
Looks healthy and it may likely move up to retest the next level that is 3.20
Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.
Not a call to buy or sell.
Pls dyodd.
Frasers HTrust
Wah! A Nice white soldier appear on the chart today,looks Bullish!
Close well at 76.5 cents looks like it may rise further to test 78 then 80 cents.
Result would be out tomorrow!
17th April 2019
I think most of the Reit counter has risen above their fair value!
$Frasers HTrust(ACV.SI)
Seem still Trading below it's fair value of about 80 -81 cents
Jeep some today at 74 cents from ML and CS.
Result should be out on 30 April ! DPU May be around 2.4-2.5 cents for 6 months period ! Yearly DPU of about 4.8-5.00 . I think is much better than $StarhillGbl Reit(P40U.SI) DPU 4.53 cents at 76.5 cents .
NAV 75.4 cents.
Gearing below 35%.
Yield 6.5 to 6.75%.
Not a call to buy or sell.
Pls Dyodd.
Close well at 76.5 cents looks like it may rise further to test 78 then 80 cents.
Result would be out tomorrow!
17th April 2019
I think most of the Reit counter has risen above their fair value!
$Frasers HTrust(ACV.SI)
Seem still Trading below it's fair value of about 80 -81 cents
Jeep some today at 74 cents from ML and CS.
Result should be out on 30 April ! DPU May be around 2.4-2.5 cents for 6 months period ! Yearly DPU of about 4.8-5.00 . I think is much better than $StarhillGbl Reit(P40U.SI) DPU 4.53 cents at 76.5 cents .
NAV 75.4 cents.
Gearing below 35%.
Yield 6.5 to 6.75%.
Not a call to buy or sell.
Pls Dyodd.
Sunday, April 28, 2019
DBS
1st quarter results is out!
SINGAPORE, 29 April 2019 – DBS Group’s net profit for first quarter 2019 increased 9% to a record SGD 1.65 billion.
Total income grew 6% to a new high of SGD 3.55 billion. Healthy business momentum and a higher net interest margin more than offset the impact of a high base for wealth management, brokerage and investment banking fee income as well as a property gain a year ago. New non-performing asset formation remained low and total allowances halved. Return on equity rose to 14.0%, the highest in more than a decade.
Earnings up 25% from previous quarter
Compared to the previous quarter, net profit was 25% higher, boosted by a recovery in wealth management and trading income. Overall business momentum was sustained.
Net interest income rose 1% on a day-adjusted basis. Loans grew 1% as non-trade corporate loans increased 3% from working capital and deal-related borrowing led by Singapore and Hong Kong corporates.
Trade loans declined 4%. Net interest margin rose one basis point. Excluding Treasury Markets activities, net interest margin rose five basis points mainly from higher interest rates in Singapore as well as the repricing of housing loans.
Net fee income rose 15%. Wealth management fees increased 44% with a recovery in market sentiment from the previous quarter’s volatility. Loan-related fees were also higher.
Other non-interest income grew 83% as trading income doubled from a weak quarter. Expenses were stable and profit before allowances was 18% higher.
Dividend payment frequency changed to four times a year The Board decided that, from financial year 2019, dividends will be paid four times a year, instead of two times a year, to provide shareholders with more regular income streams.
Dividend to payout 30 cents per qtr.
Chart wise, looks like it may likely re-attempt 27.50. Crossing out smoothly that may drive the price higher to 28 then 28.50 with extension to 29.25.
Pls dyodd.
SINGAPORE, 29 April 2019 – DBS Group’s net profit for first quarter 2019 increased 9% to a record SGD 1.65 billion.
Total income grew 6% to a new high of SGD 3.55 billion. Healthy business momentum and a higher net interest margin more than offset the impact of a high base for wealth management, brokerage and investment banking fee income as well as a property gain a year ago. New non-performing asset formation remained low and total allowances halved. Return on equity rose to 14.0%, the highest in more than a decade.
Earnings up 25% from previous quarter
Compared to the previous quarter, net profit was 25% higher, boosted by a recovery in wealth management and trading income. Overall business momentum was sustained.
Net interest income rose 1% on a day-adjusted basis. Loans grew 1% as non-trade corporate loans increased 3% from working capital and deal-related borrowing led by Singapore and Hong Kong corporates.
Trade loans declined 4%. Net interest margin rose one basis point. Excluding Treasury Markets activities, net interest margin rose five basis points mainly from higher interest rates in Singapore as well as the repricing of housing loans.
Net fee income rose 15%. Wealth management fees increased 44% with a recovery in market sentiment from the previous quarter’s volatility. Loan-related fees were also higher.
Other non-interest income grew 83% as trading income doubled from a weak quarter. Expenses were stable and profit before allowances was 18% higher.
Dividend payment frequency changed to four times a year The Board decided that, from financial year 2019, dividends will be paid four times a year, instead of two times a year, to provide shareholders with more regular income streams.
Dividend to payout 30 cents per qtr.
Chart wise, looks like it may likely re-attempt 27.50. Crossing out smoothly that may drive the price higher to 28 then 28.50 with extension to 29.25.
Pls dyodd.
Saturday, April 27, 2019
Sheng Siong
1st quarter results is out , seems not bad!
Gross revenue is up 10.1% to 251m versus 228m last year.
Net profit is up merely 6% to 19.3m . Admin expenses has gone up quite a lot at 10.3% to 42m versus 38m last year,almost wipe out all the gross profit gain.
EPS is 1.29 cents. Zero debts.
Cash-on-hands of 86m. Net cash per share is about 5.5 cents (86/1503m shares).
NAV is 20.6 cents. P/B 5.04x. Yearly dividend of 3.4 cents. Yield is 3.26%. I think current price of 1.04 is trading at full value. P/B is pretty high at 5.04x. I would patiently wait for price to sail back to 92-95 region ! At least , a minimum yield of 3.5% may provide some decent dividend yield. PE is 20.15x.
Not a call to buy or sell.
Pls dyodd.
Net profit is up merely 6% to 19.3m . Admin expenses has gone up quite a lot at 10.3% to 42m versus 38m last year,almost wipe out all the gross profit gain.
EPS is 1.29 cents. Zero debts.
Cash-on-hands of 86m. Net cash per share is about 5.5 cents (86/1503m shares).
NAV is 20.6 cents. P/B 5.04x. Yearly dividend of 3.4 cents. Yield is 3.26%. I think current price of 1.04 is trading at full value. P/B is pretty high at 5.04x. I would patiently wait for price to sail back to 92-95 region ! At least , a minimum yield of 3.5% may provide some decent dividend yield. PE is 20.15x.
Not a call to buy or sell.
Pls dyodd.
Friday, April 26, 2019
APAC Realty
Chart wise, looks Bullish!
It has managed to bounce-off from the lower Trend line at 62 cents and close Higher at 63.5 cents looks rather positive!
Ex.Dividend on 2nd May 2019, pay date 15th May 2019. Fantastic! The payment date is just within 2 weeks. The power of cash cow.
2 more trading days to go before XD. I think a nice breaking out of 64.5 cents + good volume that may drive the price higher to retest 68 cents .
Not a call to buy or sell.
Pls dyodd.
6th April 2019
After hitting the high of 68 cents , it has retreated and went down to touch 57.5 cents which is pretty healthy!
It has managed to bounce off from the lower Trend line and rises up to hit 63.5 cents before profit settling in and went down to touch 59.5 cents to form the lower high.
Looks Bullish and it may well on the way to go up to test 65 cents.
Short term wise, it may likely move up to retest 65 cents. Breaking out of this level with good volume that may drive the price higher to 68 cents and above .
Yearly dividend of 4.5 cents .
Yield is 7.5%.
Not a call to buy or sell.
Pls dyodd.
It has managed to bounce-off from the lower Trend line at 62 cents and close Higher at 63.5 cents looks rather positive!
Ex.Dividend on 2nd May 2019, pay date 15th May 2019. Fantastic! The payment date is just within 2 weeks. The power of cash cow.
2 more trading days to go before XD. I think a nice breaking out of 64.5 cents + good volume that may drive the price higher to retest 68 cents .
Not a call to buy or sell.
Pls dyodd.
6th April 2019
After hitting the high of 68 cents , it has retreated and went down to touch 57.5 cents which is pretty healthy!
It has managed to bounce off from the lower Trend line and rises up to hit 63.5 cents before profit settling in and went down to touch 59.5 cents to form the lower high.
Looks Bullish and it may well on the way to go up to test 65 cents.
Short term wise, it may likely move up to retest 65 cents. Breaking out of this level with good volume that may drive the price higher to 68 cents and above .
Yearly dividend of 4.5 cents .
Yield is 7.5%.
Not a call to buy or sell.
Pls dyodd.
Venture
Please mind the Gap!
Quote from company first quarter results:
There is always a reason why the price Gap down + coupled with high volume!
Quote from company first quarter results:
Company says near-term performance volatility due some customers' product transitions. It expects the effect of the transitions to be mitigated by new product launches in the second half of fiscal 2019.
For the first quarter, Venture posted a net profit of S$90.9 million, up 8.6 per cent.
Although 1st quarter results is slightly better but price is still being sold I think could be due to outlooks is not so rosy !
Chart wise, with this Gap down, the chart is being disrupted and may take a while to stabilize.
Short term wise, I think it may continue to go down to revisit 16.60 after taking a pause.
NAV $8.445
PE is about 14.5x.
Not a call to buy or sell.
Pls dyodd.
Wednesday, April 24, 2019
CapitaR Trust
1st Quarter results is out!
NPI increase 10.7% to 198.87m.
DPU is slightly lower at 2.59 cents versus 2.75 cents last year.
I think is a pretty nice set of financial result!
Gearing is at 35.5%. Looks quite ok to me.
Yearly DPU is about 10.30, yield is about 6.8%.
No dividend to be paid out this quarter.
I would patiently wait for price to come back to 1.40-1.42 region to have at least a higher yield if more than 7%.
Chart wise, looks like it is turning weaker and may go below 1.50 level.
Not a call to buy or sell.
Pls dyodd.
NPI increase 10.7% to 198.87m.
DPU is slightly lower at 2.59 cents versus 2.75 cents last year.
I think is a pretty nice set of financial result!
Gearing is at 35.5%. Looks quite ok to me.
NAV of 1.57.
Yearly DPU is about 10.30, yield is about 6.8%.
No dividend to be paid out this quarter.
I would patiently wait for price to come back to 1.40-1.42 region to have at least a higher yield if more than 7%.
Chart wise, looks like it is turning weaker and may go below 1.50 level.
Not a call to buy or sell.
Pls dyodd.
Tuesday, April 23, 2019
SPH
TA wise, looks Bullish!
Likely to retest 2.55 again!
The current price of 2.51 is trading above it's SMA lines + RSI is still rising up nicely, looking good to continue to trend higher.
Dividend of 5.5 cents ,XD in early May. Plus another 7 cents dividend for final quarter ,yearly dividend of 12.5 cents , yield of 4.98% looks quite attractive!
Short term wise, I think it may retest 2.55. Breaking out smoothly plus good volume that may drive the price higher to 2.60 then 2.66 with extension to 2.75.
Not a call to buy or sell.
Pls dyodd.
Likely to retest 2.55 again!
The current price of 2.51 is trading above it's SMA lines + RSI is still rising up nicely, looking good to continue to trend higher.
Dividend of 5.5 cents ,XD in early May. Plus another 7 cents dividend for final quarter ,yearly dividend of 12.5 cents , yield of 4.98% looks quite attractive!
Short term wise, I think it may retest 2.55. Breaking out smoothly plus good volume that may drive the price higher to 2.60 then 2.66 with extension to 2.75.
Not a call to buy or sell.
Pls dyodd.
SingTel
SingTel it is looking good to re-conquer 3.20 again !
Breaking out of 3.20 smoothly + good volume that may drive the price higher to 3.28!
Pls dyodd.
18th April 2019
After hitting the high of 3.20, it is now taking a breather.
So far, the pull back is pretty healthy!
After this break, I think it is looking good to re-attempt 3.17 then 3.20 and surge higher towards 3.28 and above
Not a call to buy or sell.
Pls dyodd.
10th April 2019
Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!
Finally, the bull is back !
Looking good to retest 3.20 then 3.28 level .
Pls dyodd.
TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.
Looks healthy and it may likely move up to retest the next level that is 3.20
Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.
Not a call to buy or sell.
Pls dyodd.
Breaking out of 3.20 smoothly + good volume that may drive the price higher to 3.28!
Pls dyodd.
18th April 2019
After hitting the high of 3.20, it is now taking a breather.
So far, the pull back is pretty healthy!
Not a call to buy or sell.
Pls dyodd.
10th April 2019
Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!
Finally, the bull is back !
Looking good to retest 3.20 then 3.28 level .
Pls dyodd.
TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.
Looks healthy and it may likely move up to retest the next level that is 3.20
Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.
Not a call to buy or sell.
Pls dyodd.
Monday, April 22, 2019
Frasers Com Trust
2Qtr result is out!
NPI is down 4.9% to 20,087m versus last year 21,122m.
Gross revenue is also down 3.6% to 30,402m versus last year 31,546m.
Gearing is healthy stood at 29.1%.
The AEI initiatives for the Alexandra Technopark of 45m has been comocompl. Adding 13,300-square feet amenity hub.
The FCF is a concern.
The amount of FCF generated is not sufficient to cover the dividend payout of 33,784m .
FCF for half year generated was 25,105m less capex 10,805 = 14,300m.
FCF of 14.3m is vastly not enough to cover the dividend payout of 33.784m.
DPU of 2.4 cents .
Not a call to buy or sell.
Pls dyodd.
NPI is down 4.9% to 20,087m versus last year 21,122m.
Gross revenue is also down 3.6% to 30,402m versus last year 31,546m.
Gearing is healthy stood at 29.1%.
The AEI initiatives for the Alexandra Technopark of 45m has been comocompl. Adding 13,300-square feet amenity hub.
The FCF is a concern.
The amount of FCF generated is not sufficient to cover the dividend payout of 33,784m .
FCF for half year generated was 25,105m less capex 10,805 = 14,300m.
FCF of 14.3m is vastly not enough to cover the dividend payout of 33.784m.
DPU of 2.4 cents .
Not a call to buy or sell.
Pls dyodd.
Sunday, April 21, 2019
First Reit
Ex-dividend on 17th April 2019 for dpu 2.15 cents at 98.5 cents.
It is holding up well and may likely cover this ex-dividend gap.
With the company dir buying back share for last 2 days of 20,000 + 30,000 share, it may seem that the price is under value.
DPu of 8.6 cents .
Yield of 8.5%+ looks attractive!
Not a call to buy or sell.
Pls dyodd.
This healthcare reit counter has been punished with a fall of the price from 1.28 to a low of 94 cents .
NAV of 1.023.
DPU quarterly of 2.15 cents, yearly 8.6 cents , Yield 8.7%.
Their NPI seems healthy and Dpu is being paid out below its NPI level .
It seems to me that the market has over-reacted!
The current agreement with LK , I think is valid till 2021. Unless there is news about the revision of this contract agreement, I think Dpu may not be affected for now till 2021.
Is always good to be cautious!
I think hospital demand will only be increasing year after years.
As an investor you have to do our own analysis.
TA wise, looks like is on a consolation mode .
Boringer band is getting tighter .
CCI is about to rise up.
A breakout of 1.01 with ease plus good volume that may drive the price higher towards 1.04 then 1.09 with extensions to 1.05 level .
Not a call to buy or sell.
Pls Dyodd.
It is holding up well and may likely cover this ex-dividend gap.
With the company dir buying back share for last 2 days of 20,000 + 30,000 share, it may seem that the price is under value.
DPu of 8.6 cents .
Yield of 8.5%+ looks attractive!
Not a call to buy or sell.
Pls dyodd.
This healthcare reit counter has been punished with a fall of the price from 1.28 to a low of 94 cents .
NAV of 1.023.
DPU quarterly of 2.15 cents, yearly 8.6 cents , Yield 8.7%.
Their NPI seems healthy and Dpu is being paid out below its NPI level .
It seems to me that the market has over-reacted!
The current agreement with LK , I think is valid till 2021. Unless there is news about the revision of this contract agreement, I think Dpu may not be affected for now till 2021.
Is always good to be cautious!
I think hospital demand will only be increasing year after years.
As an investor you have to do our own analysis.
TA wise, looks like is on a consolation mode .
Boringer band is getting tighter .
CCI is about to rise up.
A breakout of 1.01 with ease plus good volume that may drive the price higher towards 1.04 then 1.09 with extensions to 1.05 level .
Not a call to buy or sell.
Pls Dyodd.
Saturday, April 20, 2019
HRnet Group
FY 2018 NPAT increase 12.9% from 46.4m to 52.4m.
EPS of 4.77 cents .
PE is about 16.8x.
I think fair value is about 86 cents that would be able to achieve an average earnings yield of 5.5% base on EPS of 4.77 cents .
The estimated
earnings yield that is EPS/86 cents = 5.5%.
ROE seems quite good at 14.9%.
FCF seems ok(33m).
FCF is able to cover the dividend payout of 2.8 cents which is about 27.1m.
Cash on hands of 281m with zero debts. The Net cash per share is about 27.7 cents ( 281m / 1,013m share).
Dividend yield is about 3.5% base on current price of 80 cents.
I think is quite a decent dividend yield . Cannot compare to SingTel or APAC that is giving more than 5.5% yield.
Not a call to buy or sell.
Pls dyodd.
13rd Nov 2018 : share buy back at 80.5 to 83 cents for 179,000 share .
https://links.sgx.com/1.0.0/corporate-announcements/9KGFMWCT4V6YWTL4/3757bc4fb130c88e7c37aad414ac926683bf873630916e49b346d228b35ab2a0
9th May 2018
HrNetGroup - just released its 1Q 2018 result, Net profit increase 45.5% from 11.2m to 16.3m. This is rather outstanding. Total Revenue increase 12.3% from 95.3m to 107m. Gross profit increase 11.3% from 32.7m to 36.4m. The Net profit was boosted by an increased of 43.5% of 6m from other income.
REVIEW OF GROUP’S PERFORMANCE
Net profit after tax (“NPAT”) increased by 33.5% (S$4.3m) arising from growth in:
a. Revenue by 12.2% (S$11.6m) and gross profit by 11.3% (S$3.7m):
i. Flexible staffing: Continued business momentum, particularly in Singapore. Revenue grew by 12.8% (S$9.5m) and gross profit by 15.1% (S$1.7m).
ii. Professional recruitment: Stellar performance in North Asia, particularly Hong Kong and Mainland China. Revenue grew by 9.9% (S$2.1m) and gross profit by 9.8% (S$2.0m).
b. Other income by S$2.0m mainly due to S$0.8m gain on revaluation of marketable securities, S$0.6m increase in interest income and S$0.5m increase in Singapore government subsidies received.
Offset by other employee benefit expenses that rose by 11.7% (S$2.0m) mainly due to S$1.2m increase in profit-sharing incentives and bonuses that was in tandem with the increase in pre-tax profits, and S$0.6m in share-based payment expenses arising from the 123GROW Plan implemented in June 2017.
REVIEW OF GROUP’S FINANCIAL POSITION
The Group’s current assets increased S$15.7m from S$373.2m to S$388.9m, mainly due to:
a. a net increase in cash and cash equivalents amounting to S$3.0m which was a consequence of S$12.9m cash generated from operating activities, S$8.1m deployed in investing activities (mainly in the purchase of quoted marketable securities), and S$1.4m dividends paid out mainly to non-controlling shareholders;
b. increase in trade receivables amounting to S$3.4m;
c. increase in other receivable and prepayments amounting to S$0.9m; and
d. increase in marketable securities amounting to S$8.4m. The Group’s liabilities decreased by S$1.3m from S$54.7m to S$53.4m mainly due to:
a. the reduction of other payables and accruals by S$2.9m mainly due to the return of restricted cash to a client for outsourced payroll services; offset by
b. the increase in income tax payable by S$1.6m.
This is a Net Net Position company whereby its total current assets of 388.9m is greater than its total liabilities of 53.4m..
NAV of 32.9 cents.
EPS of 1.6 cents for 1 Q .
Assuming a full year EPS of 6 cents . PE of 11 x is seems quite under value for the current price of 76 cents.
I think average PE of 16 x should be achievable at 96 cents.
Not a call to buy or sell.
Please do your own due diligence.
EPS of 4.77 cents .
PE is about 16.8x.
I think fair value is about 86 cents that would be able to achieve an average earnings yield of 5.5% base on EPS of 4.77 cents .
The estimated
earnings yield that is EPS/86 cents = 5.5%.
FCF seems ok(33m).
FCF is able to cover the dividend payout of 2.8 cents which is about 27.1m.
Cash on hands of 281m with zero debts. The Net cash per share is about 27.7 cents ( 281m / 1,013m share).
Dividend yield is about 3.5% base on current price of 80 cents.
I think is quite a decent dividend yield . Cannot compare to SingTel or APAC that is giving more than 5.5% yield.
Not a call to buy or sell.
Pls dyodd.
13rd Nov 2018 : share buy back at 80.5 to 83 cents for 179,000 share .
https://links.sgx.com/1.0.0/corporate-announcements/9KGFMWCT4V6YWTL4/3757bc4fb130c88e7c37aad414ac926683bf873630916e49b346d228b35ab2a0
9th May 2018
HrNetGroup - just released its 1Q 2018 result, Net profit increase 45.5% from 11.2m to 16.3m. This is rather outstanding. Total Revenue increase 12.3% from 95.3m to 107m. Gross profit increase 11.3% from 32.7m to 36.4m. The Net profit was boosted by an increased of 43.5% of 6m from other income.
REVIEW OF GROUP’S PERFORMANCE
Net profit after tax (“NPAT”) increased by 33.5% (S$4.3m) arising from growth in:
a. Revenue by 12.2% (S$11.6m) and gross profit by 11.3% (S$3.7m):
i. Flexible staffing: Continued business momentum, particularly in Singapore. Revenue grew by 12.8% (S$9.5m) and gross profit by 15.1% (S$1.7m).
ii. Professional recruitment: Stellar performance in North Asia, particularly Hong Kong and Mainland China. Revenue grew by 9.9% (S$2.1m) and gross profit by 9.8% (S$2.0m).
b. Other income by S$2.0m mainly due to S$0.8m gain on revaluation of marketable securities, S$0.6m increase in interest income and S$0.5m increase in Singapore government subsidies received.
Offset by other employee benefit expenses that rose by 11.7% (S$2.0m) mainly due to S$1.2m increase in profit-sharing incentives and bonuses that was in tandem with the increase in pre-tax profits, and S$0.6m in share-based payment expenses arising from the 123GROW Plan implemented in June 2017.
REVIEW OF GROUP’S FINANCIAL POSITION
The Group’s current assets increased S$15.7m from S$373.2m to S$388.9m, mainly due to:
a. a net increase in cash and cash equivalents amounting to S$3.0m which was a consequence of S$12.9m cash generated from operating activities, S$8.1m deployed in investing activities (mainly in the purchase of quoted marketable securities), and S$1.4m dividends paid out mainly to non-controlling shareholders;
b. increase in trade receivables amounting to S$3.4m;
c. increase in other receivable and prepayments amounting to S$0.9m; and
d. increase in marketable securities amounting to S$8.4m. The Group’s liabilities decreased by S$1.3m from S$54.7m to S$53.4m mainly due to:
a. the reduction of other payables and accruals by S$2.9m mainly due to the return of restricted cash to a client for outsourced payroll services; offset by
b. the increase in income tax payable by S$1.6m.
This is a Net Net Position company whereby its total current assets of 388.9m is greater than its total liabilities of 53.4m..
NAV of 32.9 cents.
EPS of 1.6 cents for 1 Q .
Assuming a full year EPS of 6 cents . PE of 11 x is seems quite under value for the current price of 76 cents.
I think average PE of 16 x should be achievable at 96 cents.
Not a call to buy or sell.
Please do your own due diligence.
Keppel Corp
1Q 2019 result is out!
A drop of 40% for net profit to 203m.
EPS also drop 40% to 11.2 cents.
PE is about 15x.
I think price is on the high side .
Divestment gain of 174m.
Net profit of 203m less 174m, I think actual profit is 29m after less divestment gain.
Gearing is on a high side at 72%.
9.7b term loans. Let say an interest of 3.5% , estimate is about 339.5m . yearly interest..
FCF is negative. I think This is really a concern with such a huge amount of negative FCF.
I think price has run up too much and too fast! Is about time for it to correct !
Let's see how would market reacts come Monday!
Not a call to buy or sell.
Pls dyodd.
Divestment gain of 174m.
Net profit of 203m less 174m, I think actual profit is 29m after less divestment gain.
Gearing is on a high side at 72%.
9.7b term loans. Let say an interest of 3.5% , estimate is about 339.5m . yearly interest..
FCF is negative. I think This is really a concern with such a huge amount of negative FCF.
I think price has run up too much and too fast! Is about time for it to correct !
Let's see how would market reacts come Monday!
Not a call to buy or sell.
Pls dyodd.
Friday, April 19, 2019
Hayclon Agri
Chart wise, it has a very impressive running up from 40.5 cents to hit the high of 55 cents!
What an explosive movement!
Short term wise, I think is good for it to retrace first to take a breather. If not, it may not likely to sustain with this kind of explosive movement!
I think the company financial status is still in the red . NAV 47 cents .
Not a call to buy or sell.
Pls dyodd.
Short term wise, I think is good for it to retrace first to take a breather. If not, it may not likely to sustain with this kind of explosive movement!
I think the company financial status is still in the red . NAV 47 cents .
Not a call to buy or sell.
Pls dyodd.
Thursday, April 18, 2019
China Aviation
TA wise, looks bullish!
Short term wise, I think it may likely re-attempt the recent high of 1.47.
Breaking out smoothly plus good volume that may drive the price higher towards 1,57 with extension to 1.65.
China Aviation has delivered a beautiful set of financial results for FY2018 where by Net Profit has increased from US84m to US93.8m. EPS of US0.1091 , S$0.1461.
At current price of 1.44, PE is about 9.85x.
Net cash position with zero debts.
Cash on hands of US357m
Total no. of outstanding shares = 860m.
Net cash per share is about S$0.55.
Healthy FCF of 150m versus the dividend pay out of 29m. Solid FCF!
I think a reasonable PE of 11x which is $1.61 might be fairly achievable.
Dividend of 4.5 cents. XD 3rd May, Pay date 15th May.
Yield of 3.1% looks fairly decent.
Not a call to buy or sell.
Pls dyodd.
China Aviation Oil (Singapore) Corporation Ltd (“CAO” or “the Group”), incorporated in Singapore on 26 May 1993 and listed on the mainboard of the Singapore Exchange Securities Trading Limited since 2001, is the largest physical jet fuel trader in the Asia Pacific region and the key supplier of imported jet fuel to the civil aviation industry of the People’s Republic of China (“PRC”). Headquartered in Singapore with global operations spanning key aviation hubs in Hong Kong SAR, Los Angeles, London with an entrenched presence in China, CAO and its wholly owned subsidiaries (the “Group”), China Aviation Oil (Hong Kong) Company Limited (“CAOHK”), North American Fuel Corporation (“NAFCO”) and China Aviation Fuel (Europe) Limited (“CAFEU”) supply jet fuel to airline companies at airports outside the PRC, including Asia Pacific, North America, Europe and the Middle East. The Group also engages in international trading of jet fuel and other oil products.
Short term wise, I think it may likely re-attempt the recent high of 1.47.
Breaking out smoothly plus good volume that may drive the price higher towards 1,57 with extension to 1.65.
China Aviation has delivered a beautiful set of financial results for FY2018 where by Net Profit has increased from US84m to US93.8m. EPS of US0.1091 , S$0.1461.
At current price of 1.44, PE is about 9.85x.
Net cash position with zero debts.
Cash on hands of US357m
Total no. of outstanding shares = 860m.
Net cash per share is about S$0.55.
Healthy FCF of 150m versus the dividend pay out of 29m. Solid FCF!
I think a reasonable PE of 11x which is $1.61 might be fairly achievable.
Dividend of 4.5 cents. XD 3rd May, Pay date 15th May.
Yield of 3.1% looks fairly decent.
Not a call to buy or sell.
Pls dyodd.
China Aviation Oil (Singapore) Corporation Ltd (“CAO” or “the Group”), incorporated in Singapore on 26 May 1993 and listed on the mainboard of the Singapore Exchange Securities Trading Limited since 2001, is the largest physical jet fuel trader in the Asia Pacific region and the key supplier of imported jet fuel to the civil aviation industry of the People’s Republic of China (“PRC”). Headquartered in Singapore with global operations spanning key aviation hubs in Hong Kong SAR, Los Angeles, London with an entrenched presence in China, CAO and its wholly owned subsidiaries (the “Group”), China Aviation Oil (Hong Kong) Company Limited (“CAOHK”), North American Fuel Corporation (“NAFCO”) and China Aviation Fuel (Europe) Limited (“CAFEU”) supply jet fuel to airline companies at airports outside the PRC, including Asia Pacific, North America, Europe and the Middle East. The Group also engages in international trading of jet fuel and other oil products.
SingTel
After hitting the high of 3.20, it is now taking a breather.
So far, the pull back is pretty healthy!
After this break, I think it is looking good to re-attempt 3.17 then 3.20 and surge higher towards 3.28 and above
Not a call to buy or sell.
Pls dyodd.
10th April 2019
Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!
Finally, the bull is back !
Looking good to retest 3.20 then 3.28 level .
Pls dyodd.
TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.
Looks healthy and it may likely move up to retest the next level that is 3.20
Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.
Not a call to buy or sell.
Pls dyodd.
So far, the pull back is pretty healthy!
Not a call to buy or sell.
Pls dyodd.
10th April 2019
Today SingTel powers up and manage to clear 3.11 level smoothly + high volume and close well at 3.17, looks super bullish!
Finally, the bull is back !
Looking good to retest 3.20 then 3.28 level .
Pls dyodd.
TA wise , looks Bullish!
SingTel is slowly edging higher and managed to hit 3.13 before profit taking place and close slightly lower at 3.11.
Looks healthy and it may likely move up to retest the next level that is 3.20
Breaking out of 3.20 with ease plus good volume that may drive the price higher to 3.28-3.30 level.
Not a call to buy or sell.
Pls dyodd.
Wednesday, April 17, 2019
China Sunsine
Today we have witnessed the nice breakout of 1.17 level and rises higher to close well at 1.20, coupled with high volume this is rather Bullish!
Short term wise, I think it may likely retest 1.21 level. Breaking out of this level with good volume that may drive the price higher to 1.26 with extension to 1.33 .
Not a call to buy or sell.
Pls dyodd.
19th April 2019
Today it had managed to bounce-off from the recent low of 1.09 and close well at 1.14 level, coupled with quite a high volume this is rather bullish!
A bullish pin bar has been reflected on the chart which is rather positive as Bull has managed to take control of the situation.
Short term wise, I think it may likely retest 1.17 level.
Breaking out of 1.17 with ease + good volume that may drive the price higher to 1.21 with extension to 1.29 level.
Not a call to buy or sell.
NAV 0.95
Dividend of 5.5 cents
Yield of 4.82%,looks quite attractive
EPS 26 cents.
PE of 4.38x.
Zero debts
Net cash per share of about 42 cents.
China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. It offers rubber accelerators, anti-oxidant agents, anti-scorching agents, and insoluble sulphur used for the production of tires and other rubber related products, such as shoes, belts, and hoses. The company provides its products under the Sunsine brand name. It is also involved in the production and supply of heating power; and hotel and restaurant business. The company primarily serves the tire companies. China Sunsine Chemical Holdings Ltd. was incorporated in 2006 and is based in Singapore. China Sunsine Chemical Holdings Ltd. is a subsidiary of Success More Group Limited.
Short term wise, I think it may likely retest 1.21 level. Breaking out of this level with good volume that may drive the price higher to 1.26 with extension to 1.33 .
Not a call to buy or sell.
Pls dyodd.
19th April 2019
Today it had managed to bounce-off from the recent low of 1.09 and close well at 1.14 level, coupled with quite a high volume this is rather bullish!
A bullish pin bar has been reflected on the chart which is rather positive as Bull has managed to take control of the situation.
Short term wise, I think it may likely retest 1.17 level.
Breaking out of 1.17 with ease + good volume that may drive the price higher to 1.21 with extension to 1.29 level.
Not a call to buy or sell.
NAV 0.95
Dividend of 5.5 cents
Yield of 4.82%,looks quite attractive
EPS 26 cents.
PE of 4.38x.
Zero debts
Net cash per share of about 42 cents.
China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells rubber chemicals in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. It offers rubber accelerators, anti-oxidant agents, anti-scorching agents, and insoluble sulphur used for the production of tires and other rubber related products, such as shoes, belts, and hoses. The company provides its products under the Sunsine brand name. It is also involved in the production and supply of heating power; and hotel and restaurant business. The company primarily serves the tire companies. China Sunsine Chemical Holdings Ltd. was incorporated in 2006 and is based in Singapore. China Sunsine Chemical Holdings Ltd. is a subsidiary of Success More Group Limited.
Frasers HTrust
I think most of the Reit counter has risen above their fair value!
$Frasers HTrust(ACV.SI)
Seem still Trading below it's fair value of about 80 -81 cents
Jeep some today at 74 cents from ML and CS.
Result should be out on 30 April ! DPU May be around 2.4-2.5 cents for 6 months period ! Yearly DPU of about 4.8-5.00 . I think is much better than $StarhillGbl Reit(P40U.SI) DPU 4.53 cents at 76.5 cents .
NAV 75.4 cents.
Gearing below 35%.
Yield 6.5 to 6.75%.
Not a call to buy or sell.
Pls Dyodd.
$Frasers HTrust(ACV.SI)
Seem still Trading below it's fair value of about 80 -81 cents
Jeep some today at 74 cents from ML and CS.
Result should be out on 30 April ! DPU May be around 2.4-2.5 cents for 6 months period ! Yearly DPU of about 4.8-5.00 . I think is much better than $StarhillGbl Reit(P40U.SI) DPU 4.53 cents at 76.5 cents .
NAV 75.4 cents.
Gearing below 35%.
Yield 6.5 to 6.75%.
Not a call to buy or sell.
Pls Dyodd.
Monday, April 15, 2019
Hi-P
TA wise, looks rather bearish!
Likely to retest 1.34 level again!
Failing to hold up well at this level may see the price slide further down towards 1.18 level with extension to 1.05 level.
Not a call to buy or sell.
Pls dyodd.
11th April 2019
Hi-P with this Gap down happening 2 days ago, looks rather weak.
It may likely slide down again
Immediate level to watch out is 1.34. Failing to hold at this level may see further selling down pressure!
8th April 2019
TA wise , looks bearish!
Please mind the Gap !
Is important not to overlook this Gap down. Likely to be some news that is causing the price to Gap down . I think is good to be extra cautious!
The Uptrend has been disrupted and may likely continue to go lower. Short term wise, I think it may go down to revisit 1.37/1.38 level that is coincide with it's 50 days Moving Average!
Not a call to sell or buy .
Pls dyodd.
Likely to retest 1.34 level again!
Failing to hold up well at this level may see the price slide further down towards 1.18 level with extension to 1.05 level.
Not a call to buy or sell.
Pls dyodd.
11th April 2019
Hi-P with this Gap down happening 2 days ago, looks rather weak.
It may likely slide down again
Immediate level to watch out is 1.34. Failing to hold at this level may see further selling down pressure!
8th April 2019
TA wise , looks bearish!
Please mind the Gap !
Is important not to overlook this Gap down. Likely to be some news that is causing the price to Gap down . I think is good to be extra cautious!
The Uptrend has been disrupted and may likely continue to go lower. Short term wise, I think it may go down to revisit 1.37/1.38 level that is coincide with it's 50 days Moving Average!
Not a call to sell or buy .
Pls dyodd.
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