NeraTel

NeraTel - 17th Apr 2016

NeraTel after hitting the low of 53 cents on 6th Apr 2016 and had managed to trend higher to touch 58.5 cents on 12th Apr 2016. This is rather bullish.

The current price of 57.5 cents is hovering above the SMA line which is rather positive.

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

Short term wise it may continue to trend higher to re-visit 58.5 cents. Crossing over of 58.5 cents with ease + good volume that may drive the share price higher towards 61 cents with extension to 65.5 cents.

The company pay twice dividend of 2.5 cents in Aug & 1 cent in May. A total of 3.5 cents of dividend which translate a yield of 6% for current price of 57.5 cents.

EPS of 3.7 cents . PE of 15.4 times.

(trade base on your own decision)

HYFLUX

HYFLUX - 14th April 2016

 Hyflux is a global leader in sustainable solutions, focusing on the areas of water and energy. Headquartered and listed in Singapore, the Group has operations and projects in Southeast Asia, China, India, the Middle East, Africa and the Americas. Hyflux is committed to providing costeffective and innovative solutions that contribute to resource optimisation and sustainable growth for communities and industries. A specialist in water treatment, Hyflux is distinctive in its ability to address the challenges at every point of the entire water value chain. The Group’s track record includes Singapore’s first water recycling plant and some of the world’s largest seawater reverse osmosis desalination plants in Algeria, China and Singapore.

HYFLUX REPORTS NET PROFIT OF S$41.3 MILLION IN 2015

 Construction underway for Qurayyat IWP

 Entry into waste-to-energy market with TuasOne WTE plant

 Develop consumer segment with ELO Water and PT Oasis

Singapore, 18 February 2016 – Hyflux Ltd (or the Group) reported profit after tax and minority interests (PATMI) of S$41.3 million for the full year ended 31 December 2015, 28% decrease from S$57.5 million PATMI recorded in 2014. The lower PATMI was due mainly to lower level of divestment activities in 2015 compared with 2014.

 Group revenue increased by 39% to S$445.2 million in 2015, compared with S$321.4 million in 2014, contributed mainly by the Qurayyat Independent Water Project (IWP) in the Sultanate of Oman. The municipal projects continued to be the main contributor of the Group’s revenue, accounting for about 94% or S$419.1 million of the Group’s revenue. Singapore and China continued to remain as Hyflux’s key markets in Asia, accounting for more than half of the Group’s total revenue, contributing about 38% and 20% respectively. Revenue contributions from the Middle East and North Africa region rose to 39% or S$176.0 million from 7% in 2014, due to contributions from the Qurayyat IWP and a containerised desalination system project to augment the existing Yanbu Desalination Plant in Saudi Arabia.

The Group’s cash position was S$313.7 million and the net gearing ratio at 0.85 times as at 31 December 2015.

The Board of Directors has proposed a final dividend of 1.00 Singapore cent per ordinary share. Together with an interim dividend of 0.70 Singapore cents per ordinary share paid in August 2015, this brings the total dividend for the year to 1.70 Singapore cents per ordinary share.

(http://infopub.sgx.com/FileOpen/Hyflux_FY2015Result_PressRelease.ashx?App=Announcement&FileID=390007)

Outlook for the year 

The 411 MW combined cycle gas turbine power plant co-located with Tuaspring desalination plant has been connected to the national power grid since August 2015.

The Group has started selling electricity to the grid. In the near term, the electricity market in Singapore is expected to be challenging due to the current market landscape.

Revenue contribution from MENA is expected to increase with the on-going construction of the Qurayyat IWP in Oman and the new desalination projects in Saudi Arabia.

New contract secure:

Singapore, 12 April 2016 – Hyflux Ltd (Hyflux or The Group) is pleased to announce that it has received the formal Letter of Award for the Ain Sokhna Integrated Water and Power Project in Egypt by the General Authority for the Suez Canal Economic Zone (SCZone), following the receipt of the letter of intent announced earlier this month. The value of the EPC contract is US$500 million.

The project marks Hyflux’s entry into the Egyptian market and will be the Group’s first integrated water and power project abroad. Under the letter of award, Hyflux will be the engineering, procurement and construction contractor as well as the operations and maintenance service provider over the 25-year concession period. The desalination plant is designed to produce 150,000 cubic metres of water per day. An on-site 457 MW combined cycle gas turbine power plant will be constructed to generate power and supply electricity to the desalination plant, and excess power will be dispatched to the grid.


Recent Share Buy Back : Bought back share prices between 60 to 90 cents.
For actual details please check it out from www.sgx.com/company announcement

Hyflux from TA point of view it seems to be gaining strength to continue to trend higher after hitting the low of 47 cents on 12 Feb 2016. Today closing at 63 cents couple with high volume is generally rather positive.

Both MACD & RSI are showing sign of positive divergence which may provide further catalyst that the share price may continue to head higher.

Short term wise it may continue to trend higher to re-visit 66 cents.
Crossing over of 66 cents with ease that may drive the share price higher towards 71.5 cents  with extension to 83 cents.

(trade base on your own decision)

Keppel Infrastructure Trust

Keppel Infrastructure Trust

Largest Singapore infrastructure focused business trust.

Diversified portfolio of core infrastructure assets

Long term contracts with credit worthy customers / large and stable customer base

Generate long term, regular and predictable cash flows

Sustainable gearing with prudent capital management

Enhanced liquidity and diversified investor base


Businesses

City Gas - Customer base grew by 3.7% from about 732,000 as at the end of 1Q FY15 to about 759,000 as at the end of 1Q FY16 • Achieved 100% plant availability

Concessions - Consist of Senoko WTE, Tuas WTE, SingSpring and Ulu Pandan NEWater in Singapore • 3 out of 6 boilers completed upgrade in Senoko WTE as at 1Q FY16 • Fulfilled contractual obligations

KMC - Achieved 95.1% plant availability • Slight decrease in capacity fee which would be mitigated if no further outage for the rest of 2016

DC One - Construction completed and handed over on 12 April 2016

Basslink - Outage since 20 Dec 2015 due to cable fault. Investigations ongoing to determine fault cause. It is currently estimated that the link may resume operations in June 2016, although there remains a significant number of unknown variables such as weather, seabed conditions and logistical arrangements that may impact the time frame.

KEPPEL INFRASTRUCTURE TRUST UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2016

(http://infopub.sgx.com/FileOpen/KIT%201Q16%20Results.ashx?App=Announcement&FileID=398834)

1. Distribution per unit (DPU) of 0.93 Singapore cents was declared for the quarter ended 31 March 2016.

2. Group revenue for 1Q FY16 was S$131.2 million, 14.7% higher than 1Q FY15, with full quarter contributions from the Crystal and KMC acquisitions, partially offset by lower revenue from City Gas as town gas tariff decreased with lower fuel prices, and Basslink not receiving the facility fee as a result of the cable fault since 20 December 2015.

3. Profit attributable to Unitholders of the Trust in 1Q FY16 was lower than the previous financial period primarily as a result of Basslink not receiving facility fees due to the cable fault.

4. 1Q FY16 distributable cash flows of S$40.7 million(1) was S$24.7 million higher than 1Q FY15 due mainly to contributions from the Crystal and KMC acquisitions.

5. Net asset value per unit as at 31 March 2016 decreased to 33.7 Singapore cents from 35.3 Singapore cents as at 31 December 2015 primarily attributable to the mark-to-market loss of derivative instruments and distributions paid to unitholders.

6. Gearing(2) as at 31 March 2016 was 36% compared to 34% as at 31 December 2015 as the Trust drew down from its loan facility to repay its subsidiary and to fund the boilers upgrade for Senoko WTE plant.

(1) Excluding Basslink, being consistent with previous results announcements

(2) Defined as net debt over total assets


NAV of 33.7 cents. Annual DPU of 37.2 cents (9.3 X 4) that will be able to achieve a good dividend yield of 7.44% base on current price at 50 cents.

Is a good an stable fixed income dividend trust fund that is able to provide a regular and predictable DPU.
(trade base on your own decision)

Singapore Press Holdings Ltd

Singapore Press Holdings Ltd - 12th April 2016

 Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Their businesses consists of :-

Media

The English/Malay/Tamil Media group comprises the print and digital operations of The Straits Times, The Business Times, The New Paper, Berita Harian, My Paper (English section) and two student publications IN and Little Red Dot. It also consists of Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services, which licenses the use of the Straits Times Index, in partnership with the Singapore Exchange and FTSE Ltd; financial data company ShareInvestor; and the two English stations of SPH Radio - Kiss92 and ONE FM 91.3.

 The Chinese Media group publishes three Chinese newspapers - Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News; the digital editions of Lianhe Zaobao and Lianhe Wanbao, four student weeklies - zbCOMMA, Thumbs Up, Thumbs Up Junior and Thumbs Up Little Junior, ZBBZ Newsgazine and My Paper (Chinese section). It also operates SPH Radio's Chinese radio station, UFM100.3, and Focus Publishing, which produces a range of books and magazines including U-Weekly.

SPH's other new media initiatives include AsiaOne, Stomp, zaobao.sg, omy.sg and SPH Razor.

On an average day, 2.8 million1 individuals or 68 per cent of people above 15 years old, read one of SPH's news publications in print copies or one of our digital platforms.

SPH Magazines, SPH's wholly-owned subsidiary, publishes and produces more than 100 magazine titles and has various online sites, like hardwarezone.com, herworldplus.com and luxuryinsider.com in Singapore and the region, covering a broad range of interests from lifestyle to information technology. It has also invested in digital newsstand Magzter.

SPH also provides out-of-home (OOH) advertising through its digital out-ofhome platform SPHMBO.

SPH Buzz is a modern retail convenience chain with a network of stores around the island.

SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

Properties

SPH REIT is a Singapore-based REIT established to invest in a portfolio of income-producing real estate primarily for retail purposes. SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall in the centre of Clementi town. The Seletar Mall, located in Sengkang, is SPH's latest retail development. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.

Online Classifieds

SPH’s online classifieds include the leading online marketplace for jobs (STJobs, FastJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds,Trezo), sgCarMart and StreetSine.

SPH's regional joint venture online classifieds business has a number of leading online classifieds sites in the region.

Events & Exhibitions

Sphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region.

Education


SPH has a 22 per cent stake in preschool and enrichment provider MindChamps.

For more details you may visit www.sph.com.sg.
(http://infopub.sgx.com/FileOpen/Press%20Release%202Q2016.ashx?App=Announcement&FileID=398532)


SINGAPORE PRESS HOLDINGS LIMITED

SPH reports Second Quarter Net Profit of $54.1 million

SINGAPORE, 12 April 2016 – Singapore Press Holdings Limited (SPH) today reported its results for the second quarter ended 29 February 2016 (2Q FY16). Net profit attributable to shareholders was $54.1 million. This was $15.5 million or 22.3% lower compared to the corresponding period last year (2Q FY15).

Last year, the Group had benefitted from profits on the sale of investments to fund its Medium Term Note redemption. This quarter’s investment income at $7.2 million was $12.0 million or 62.4% lower year-on-year (“yoy”).

 At the operating level, group recurring earnings of $68.1 million was flat, with a 4.1% revenue decline that was matched by cost reductions resulting from a continuing emphasis on containing costs.

The share of losses of associates and joint ventures was $0.7 million compared to a gain of $4.8 million in 2Q FY15 which was bolstered by a $7.4 million gain relating to a restructuring of the Group’s regional online classifieds business.

 Group operating revenue of $259.3 million was $11.0 million or 4.1% lower, attributable to the decline in the Media business whose performance was impacted by a difficult economic environment and structural issues confronting the media industry. For the quarter, Media business revenue fell $12.2 million or 6.0% yoy, mainly due to a $9.5 million or 6.5% dip in advertisement revenue.

Despite a depressed retail environment, revenue for the Property segment inched up $0.5 million or 0.9% yoy. The steady growth was achieved on the back of higher rental and services revenue from the Group’s retail assets

Revenue from the Group’s other businesses rose $0.7 million or 9.5% yoy, boosted by higher contribution from the exhibitions business.

On the cost front, the Group has remained vigilant over its expenditures amid a challenging operating environment. For the quarter, the consistent focus on cost discipline and operating efficiency continued to bear fruit, with total operating expenditure brought down by $11.3 million or 5.4% yoy to $196.1 million.

 For the half year ended 29 February 2016 (1H FY16), group recurring earnings of $167.1 million was $3.2 million or 1.9% lower than 1H FY15, with the decline in revenue cushioned by lower operating expenditure. Net profit attributable to shareholders fell $3.5 million or 2.5% yoy to $135.5 million

On the business outlook, Mr Alan Chan, Chief Executive Officer of SPH, said: "The quarter under review was marked by a very difficult operating environment. Despite this, the Group continued to turn in a respectable performance.

“The road ahead is expected to remain challenging, given the uncertain economic outlook and fast evolving media landscape. Amid the challenging times, the Group will continue its efforts to transform the Media business and pursue growth opportunities.”

 The Directors have declared an interim dividend of 7 cents per share which will be paid on 24 May 2016.

Net Asset Value Per Share as at 29th Feb 2016 - $2.16.

EPS of about 32 cents ( 8 cents x 4) . PE is about 12.5 times base on current price of $3.99.

Annual Dividend of about 20 cents ( Interim 7 cents + Final 13 cents). The yeild is about 5%.

Price per book value is about 1.84 times.

I think the current price is fully value at PE  12.5 times + yield of 5% . This will be an ideal counter for fixed dividend play for investor looking for decent annual dividend of 5%.

(trade/invest base on your own decision)

UMS

UMS - 11th April 2016

UMS after touching the low of 50 cents on 11th Feb 2016 it had managed to trend higher to hit 61 cents on 11th April 2016. This is rather bullish.

As reflected on the chart we are able to notice 3 long white Bar gaining new high for the past three days of trading. Couple with good volume. This is generally quite positive.

Short term wise it may continue to trend higher.

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

The immediate overhead resistace is at 61.5 cents. Crossing over of 61.5 cents with ease + good volume that may propel to drive the share price higher towards 68.5 cents then 70 cents with extension to 76 cents.
(trade base on your own decision)

Cordlife

Cordlife - 10th Mar 2016

Cordlife after hitting the low of $1.245 on 22nd Mar 2014 it had manged to stage a strong recovery to head higher to touch 1.42 on 8th April 2016. This is rather bullish.

With this strong recovery, it has also indicated a nice Reversal trend as indicated on the chart.
The current price of 1.415 is hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are also showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.

Short term wise it may attempt to re-visit 1.45. Crossing over of 1.45 with good volume that may provide further strength to drive the share price higher towards 1.50 with extension to 1.545.
( trade base on your own decision)