ComfortDelgro

ComfortDelgro - 13th Aug 2017

ComfortDelgro just released the 2nd quarter results and net profits decreased 6.8% to 78.4m.
Half year Net profit came in slightly higher at 161.9m (2.1% increased).

Company declared an interim dividend of 4.35 cents vs 4.25 same period last year.

Thee results seems mixed feeling. Nevertheless , I think the result is not too bad .

From TA point of view , it is hovering in a consolidation mode. I think with this set of result + increased in dividend paying out may temporary boosting the share price higher.

Short term likely to see if testing $2.37 then $2.40. Breaking out of $2.40 with good volume that may drive the share price higher towards $2.50.
not a call to buy or sell.
dyodd
( trade base on your own decision)

SPH

SPH - 10 Aug 2017

OPPORTUNITY is Surfacing..

The price seem overly beaten down for counter such as
SPH that may present some bargain hunting
opportunities.

SPH – has been on a downtrend mode from $3.78 on 25th
Oct 2016 to a low of $2.85 on 28th July. MACD is showing
sign of turning upwards. Yield of 4.8% to 5.9% looks
attractive. Reversal play opportunity.

$2.85 has been tested 2 times already over the past few trading days. Looks like it may breakdown eventually if another attempt to break through this support level.

Alternative scenario, if $2.85 is able to hold up well then we may have a good chance of see a rebound to move up to retest 2.90 then 3.00.

QAF

QAF - 6th Aug 2017

QAF(Q01) 
I have roughly work out the discounted Eps for past four years . Using current eps of 9.05 cents ( diluted eps - excluding divestment gain). 
CAGR 19.8%
Discount Factor - 8% ( more than double the 4% special account)
The Intrinsic value is $1.76 x 0.85 = $1.50.

Current price is $1.305, Yield 3.8%( 5 cents dividend p.a.), NAV 95.5 cents.
ROE 22%
Net income margin 13.8%
Net cash position

TA wise it is currently trading above the 20SMA line. 
It might have to make an attempt to clear 1.335 in order for it to rise further towards 1.36.

I think current price still has about 15% room to rise towards the Eps DCF value of $1.50.
Not a call to buy or sell.
dyodd

( trade base on your own decision)

Food Empire

Food Empire - 4th Aug 2017

Food Empire(F03.SI)
A Nice GAP up with a Beautiful White soldier couple with quite a high volume this is generally positive.

A second white soldier appeared on the chart. Likely to see a Third soldier to be played out. Taking out of 71.5 would certainly create the next wave of trending higher.

2nd quarter result is just round the corner. 
It may provide the catalyst to drive the share price even higher.
Recent share buy back by director may view current price is still undervalue.

1st Qtr result of EPS 1.18 US cents =  2.5 cents. Estimate the whole year EPS of about 5.5 cents . Let says a PE of 17x would be arriving a TP of 93.5 cents.

Short term TP of 78  .
DYODD

( Trade base on your own decision)

Hi-P

Hi-P - 3rd Aug 2017

Hi-P reports 97.5% yoy surge in net profit to S$15.1 million for 2Q2017; enters into production ramp-up phase for 2H2017

Declare interim dividend of 1.9 cents.

Heading into 2H2017 where the Group expects stronger sales as compared to 1H2017, the Group’s inventories increased from S$142.9 million as at 31 December 2016 to S$155.4 million as at 30 June 2017. The Group’s robust business operations continued to generate strong positive operating cash flows amounting S$51.5 million for 2Q2017. This contributed to balance sheet strength as cash, cash equivalents and restricted bank deposits increased from S$120.7 million as at 31 December 2016 to S$255.2 million as at 30 June 2017. Correspondingly, the Group’s net cash position improved to S$156.5 million as at 30 June 2017 (31 December 2016: S$25.1 million).

Hi-P has a fantastic upward thrust bar presented today on the chart. Couple with super high volume, this is rather bullish.

The closing price of $1.16 is hovering near the all time high price of $1.23.
TA wise, looks positive. It may likely continue to trend higher to re-test 1.20 then 1.25.
( trade base on your own decision)

Far East Orchard

Far East Orchard 

Far East Orchard is hovering between the price range of $1.51 to $1.58 seems to be a good support level. The NAV is about $2.89 as reported on the Second quarter result for 30 June
2017 seems to be trading at a Great discount of almost 50% ( Margin Of Safety).

Dividend of 6 cents for the Past 5 years, yield of 3.92%
P/B is about 0.53
Company is profitable .
Although the half year financial results has came down quite substantially down 66% to 16.8m.

The current price of $1.53 seems like super undervalue. A rare gems not to be missed!
Let's say we can roughly work out the short term TP of $1.73(6 X NAV $2.89) .
I think this TP of $1.73 could be quite easy to achieve.


Or a slightly higher TP of 0.65 X $2.89= $1.88
Dyodd.

( trade base on your own decision)