Noble Group

Noble Group - update 30th Mar 2016

Noble Group after hitting the high of 49.5 cents on 23rd Mar 2016 it had began to pause and trend lower for the past few days. It has again showing sign of revival and gaining strength with the positive White Bar appearing on the chart today with a gain of 2 cents higher at 46.5 cents.

It is looking positively to head higher to re-visit 49.5 cents.
Also both Macd & Rsi indicators are still trending upwards which may provide further indication that the share price may continue to head higher.

Conquering of 49.5 cents with ease + good volume that may drive the share price higher towards 57.5 cents with extension to 65 cents.
(trade base on your own decision)

SembCorp Ind

SembCorp Ind - 29th March 2016

SembCorp Ind after hitting the high of $3.28 on 23rd Mar 2016 it had continued to trend lower to touch $2.96 on 29th Mar 2016. This is generally rather bearish.

The current price of $2.98 is hovering below the SMA lines which is quite negative.

Also MACD line had crossed over the Signal line and turning downwards which may be a tell tale sign that the share price may continue to trend lower.

Short term wise it may continue to trend lower to re-visit $2.81. Breaking down of $2.81 that may drive the share price to go further down towards $2.52.

(trade base on your own decision)

Mapletree Ind Trust

Mapletree Ind Trust - 28th Mar 2016

Mapletree Ind Trust after hitting the low of 1.46 on 21st Jan 2016 it had managed to continue to trend higher to touch 1,605 on 21st Mar 2016. This is rather bullish.

The current price at $1.60 is staying above the SMA lines which is generally quite positive.

Also both Macd & Rsi are still trending upwards which may provide further indication that the share price may continue to head higher.

Crossing over of 1.605 with ease + vood volume that may propel to drive the share price higher towards 1.64 then 1.70.
(trade base on your own decision)

ASPIAL 4-YEAR 5.30% PER ANNUM BONDS

ASPIAL LAUNCHES 4-YEAR 5.30% PER ANNUM BONDS IN ITS SECOND RETAIL BOND 

OFFERING - Offer opens March 23, 2016 at 9.00 a.m. and closes March 30, 2016 at 12 noon - 

Public Offer tranche of up to S$50 million; Placement tranche of up to S$25 million - Minimum of S$2,000 per application under the Public Offer and S$100,000 per application under the Placement - Group’s second retail bond offering rides on successful maiden retail bonds issuance in August 2015.

The Offer is guaranteed by Aspial and the bonds will be issued by its wholly-owned subsidiary, Aspial Treasury Pte. Ltd. (the “Issuer”). DBS Bank Ltd. is the sole lead manager and bookrunner (the “Sole Lead Manager and Bookrunner”) for the Offer. Aspial’s Chief Executive Officer, Mr Koh Wee Seng, said, “This latest retail bond offering is aligned with our long-term strategy to diversify Aspial’s sources of financing, and further strengthens our financial footing for opportunities that may arise across the spectrum of our businesses. Our maiden retail bonds issuance was well received by private banking customers, institutions, and the general public, and we look forward to providing the investment community with another opportunity to take a stake in a homegrown brand.”

Offer Details The Offer of up to S$75 million in aggregate principal amount of 4-year 5.30% bonds due 2020 (the “Bonds”) comprises (i) an offer of up to S$50 million in aggregate principal amount of Bonds to the public in Singapore (the “Public Offer”), and (ii) an offer of up to S$25 million in aggregate principal amount of Bonds to private banking, institutional and other investors (the “Placement”). In the event of oversubscription in the Public Offer and/or the Placement, the Issuer and the Guarantor may, at their discretion and in consultation with the Sole Lead Manager and Bookrunner, (i) increase the issue size of the Bonds under the Public Offer and/or the Placement and (ii) determine the final allocation of such oversubscription between the Public Offer and the Placement, such that the maximum issue size under the Public Offer and the Placement does not exceed S$200 million in aggregate principal amount of Bonds. Applications for the Public Offer will be subject to balloting in the event of oversubscription of the Bonds. Applications for the Bonds open on March 23, 2016 at 9.00 a.m. and close on March 30, 2016 at 12 noon. The Bonds are expected to be issued on April 1, 2016 and are expected to commence trading on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) at 9.00 a.m. on April 4, 2016 .

It pays semi annually for the interest on 1st April & 1st Oct.

http://infopub.sgx.com/FileOpen/Placement_Closing.ashx?App=Announcement&FileID=395163

Is a good fixed income instrument. Of cousre Bond always carry certain risk. But the yield is so much higher as compare to FD. DYODD 

In fact is one of my favourite to diversify some % to corporate Bonds such as Hyflux 6%, Genting 5.25%,FCT 3.65%,CapMallTr 3.08%,Aspial 5.25%. Very good fixed income yield portfolios.

(invest base on your own decision)

Old Chang Kee

Old Chang Kee - 26th Mar 2016

Old Chang Kee started as far back as 1956 with just a small stall in a coffee shop outside the former Rex cinema along McKenzie Road. Today it has grown to become one of the local successful company with 82 outlets widely spread across all areas of Singapore. One outlet in Australia, 9 outlets in Indonesia and 3 outlets in Malaysia.

As at 31 December 2015, the Group operated a total of 82 outlets in Singapore as compared to 79 outlets as at 31 December 2014. The Group’s signature puff products remained the major contributor to its revenue and accounted for approximately 31.5% of the Group’s revenue in 3Q2016, as compared to approximately 33.3% in 3Q2015.

Their revenue has also been growing continuously from the data gathered from the Singapore Exchange Financial result announcements as follows:

EPS of 4.35 cents was being achieved for FY 2014 which is quite comparable for FY 2015 , indicating a EPS of 3.2 cents as of 3Qtr 2015 result. 

Cash on Hand of $18,816m which is well adequate /sufficient to cover the Bank loan of $7260m & 0.897m( base on 9M ended 31st Dec 2015). Basically it has enough cash to pay back the full amount of bank loans. In fact , we can say that the company has zero debts using the simply calculation of $18.816m less of $7260m & $0.897m = $11555.10m .

A stable and quite generous dividend of 3 cents was being declared for the past 2 years. At the current price of 67 cents, the yield is about 4.4% which is considered quite a good yield.

From TA point of view it has continued to trend lower after hitting the high of $1.03 on 27th Jan 2014 and gone down to touch the low of 63.5 cents on 15th Dec 2015.

The current price of 67 cents looks quite a good price to accumulate as it is implying a PE of about 15.4 times ( EPS of about 4.35cents). If the company is able to expand their business into China that might be another area of growing the company revenue going forward.
Pls do you own due diligent.
(trade base on your own decision)

OCBC

OCBC - 25th Mar 2016

OCBC after hitting the high of $9.30 on 22nd Mar 2016 it had experienced heavy selling down and closed lower at $8.91 on 24th Mar 2016.This is generally quite negative.

Last Fri had a drastic Gap-down at opening price of $9.07 and closed weaker at $8.91 + couple with High volume this is generally viewed as quite bearish.

Both MACD & RSI are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.

After this selling down we may be expecting to see a bounce off from the current price of $8.91.

If the price is not able to stay above $8.91 then chances is that it may eventually failed and continue to trend lower towards $8.60 then $8.30 with extension to $8.00.
(trade base on your own decision)