Hyflux

Huflux - looks like the worst is over.
Below is an extra ticket from it's CEO teport for your reference:

Despite the near-term challenges in the Singapore power market, Tuaspring IWPP is still a world-class project with a 25-year service concession up to 2038. The largest asset on our balance sheet, Tuaspring IWPP was funded through a mix of project financing and corporate f inancing, including the 6% Cumulative Perpetual Class A Preference Shares (Preference Shares) which is due for f irst call date redemption in April 2018. While the process has taken longer than initially expected, we remain committed to the partial divestment of Tuaspring IWPP at an acceptable price. In light of the delay in divestment, the Group is unlikely to complete anydivestment deal ahead of the first call date in April 2018 for redemption of its Preference Shares. Consequently, it is likely that redemption of the Preference Shares will be deferred until divestment of Tuaspring IWPP is concluded, with the coupon yield for the Preference Shares stepping up from 6% to 8% in the meantime, at an additional S$8.0 million per annum. At the end of 2017, the Group has a total cash balance of S$314.2 million, excluding another S$77.2 million of cash reported under Assets held for sale. In addition, we will be able to progressively draw down on unutilised committed project finance loans of approximately S$400 million to support completion of our ongoing projects. We are also due to collect some receivables for our EPC work done in the Middle East North Africa (MENA) region.
Opportunities in the Water Business Some 1.1 billion people worldwide lack access to water, and a total of 2.7 billion find water scarce for at least one month of the year according to World Wildlife Fund (WWF organisation). Inadequate sanitation is also a problem for 2.4 billion people, who are exposed to diseases such as cholera, typhoid and other water-borne illnesses. Two million people, mostly children, die each year from diarrheal diseases alone. The situation will only get worse. With pollution, climate change and population growth, two-thirds of the world’s population may face water shortages by 2025. Hyflux’s vision has always been to make clean water accessible and affordable to Besides gaining stronger foothold in Singapore, the Group has also expanded our ELO business line into Australia, China, Hong Kong, Malaysia and will be looking at South Korea and Taiwan next. all. As one of the few water companies with a proven track record in seawater desalination, we hope to leverage our strength in water treatment solutions to address the global water shortages. Global Water Intelligence reported in 2017 that the MENA region will remain the largest desalination market in the world due to severe water scarcity. This region has been a strategic priority for Hyflux, and through the years, we have worked hard to establish a strong track record. Apart from water projects in Algeria, Oman and Saudi Arabia, Hyflux will continue to actively pursue other projects in the region. Contract negotiations for the  Ain Sokhna IWPP in Egypt, which is converting from an EPC structure to a Build, Operate and
Transfer (BOT) structure, is in progress. Strengthening our track record in landmark projects Over the years, Hyflux has built an impressive track record of landmark projects in its target markets. In an industry where track record is the key to pre-qualification for municipal project ue to work hard on adding good projects to our portfolio. Tuaspring IWPP is a significant technological achievement for the Group despite the short term challenges in the Singapore power market. As the Group’s first integrated water and power project, Tuaspring IWPP is a world-class asset with stateof-the-art technology, paving the way for new integrated water and power project wins such as the Ain Sokhna IWPP in Egypt.

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=K6YDRYU22LX6ZRCO&H=22898d632a538aebe158699492a1884dffc4c9fdcbfefc9325de9cce7e9206ec


Today market reacted positively with a beautiful white soldier as appear on the chart . A long wide thrust bar couple with high volume this is rather positive and bullish !

The price has crossed the 20, 50 & 100 days Moving Average. This is rather impressive and may likely continue to trend higher.

Short term wise, I think it may move up to test 35 cents then 40 cents which is also coincide with it's 200 days MOviMo Average.

Not a call to buy or sell.
Please do your own due diligence.
Trade/invest base on your own decision .

The company has reported the Loss for FY 2017 .For past 4 years , from 2013 to 2016 they are profitable.

Please take note that their debt/equity ratio is very high.

Mapletree Log Tr

Mapletrer Log Tr - from TA point of view ,it is on a Uptrend mode patterns! Yesterday we had a beautiful white thtust bar couple with high volume and closed well at $1.28 ,looks rather positive.

The price is hovering above all the Moving Average lines such as 20 , 50, 100 & 200 days moving average.
Looks bullish!

Short term wise, I think it may likely retest $1.30 then $1.36 level.

Not a call to buy or sell.


Looking through their past financial nos , we can notice that it is generally doing quite well with the ability to increase it Total revenue from 2013 to 2017 . Please refer to below picture for your reference

Gearing looks fine which is well below 40%.


I have roughly work out the fair vaukd which is about $1.20.

Current price is trading above it's fair value.
Pls do your own due diligence.

Trade/invest base on your own decision.


MLT, the first Asia-focused logistics REIT in Singapore, was listed on the SGX-ST main board on 28 July 2005. MLT’s principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. It has a portfolio of 124 logistics assets in Singapore, Hong Kong, Japan, Australia, China, Malaysia, South Korea and Vietnam with a total book value of S$6.2 billion. MLT is managed by Mapletree Logistics Trust Management Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd. For more information, please visit www.mapletreelogisticstrust.com.

Sembcorp Marine & Kepcorp

Sembcorp Marine & Keppel Corp ate almost having the simlar chart patterns as reflected on the charts below. Both counters current price of $2.23 & $ $7.805 are hovering above it's 20 Days Moving Average which is rather bullish! Sembcorp Marine may need to overcome $2.30 which is also coincide with it's 50 days Moving Average in order to resume this Uptrend mode. Similarly for Keppel Corp, it will have to conquer it's 50 days Moving Average at about $8.00. So as to resume this Uptrend mode.

If Sembcorp Marine is able to cross over $2.30 with ease + good volume that may propel to drive the price higher towards $2.40 then $2.50 level

Similarly for Keppel Corp, once it is able to overcome the hurdle at $8.00 and cross over smoothly then further upwards is possible. It may likely test $.8.20 the $8.40.

With oil price spike to above $65 per barrel due to ME tension, Sembcorp Marine & Keppel Corp may benefit and drive the share price higher

Not a call to buy or sell.
Please do your own due diligence.

Trade / invest base on your in decision.

SMM - NAV -$1.207, PE 69 time.

escription

Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs. It also engages in the repair, refurbishment, retrofitting, life-extension, upgrading, and conversion of vessels, marine and offshore structures, LNG and LPG gas carriers, cruise ships, ferries, mega-yachts, floating production vessels, MODUs, tankers, containers, and cargo ships, as well as offers jumboization and dejumboization solutions. In addition, the company offers afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, steel and pipe work, electrical and instrumentation repair, mechanical and motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, specialists service and navigation, automation, safety, and fire protection services. Further, it offers offshore platform solutions, such as integrated process; production, riser, and drilling; wellhead, power generation, manifold, and accommodation platforms; and wind-farm substations, as well as topside modules fabrication, installation, and integration. Additionally, it designs and builds sophisticated, specialized, gas value chain, ferry, RoPax, cruise, renewable energy and offshore support, naval support and security, and research and scientific survey vessels. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries Ltd.

Kepcorp - NAV $6.31, PE 63 time.

Keppel Corporation Limited, an investment holding company, engages in the offshore and marine, property, infrastructure, and investments businesses in Singapore and internationally. The company constructs, fabricates, and repairs offshore production facilities and drilling rigs, power barges, specialized vessels, and other offshore production facilities; researches and develops deepwater engineering works; engineers, constructs, and fabricates platforms for the oil and gas sector; undertakes shipyard works and other general business activities; and procures equipment and materials for the construction of offshore production facilities. It is also involved in the trading and installation of hardware, industrial, marine, and building related products, as well as the provision of leasing services; sourcing, fabricating, and supply of steel components; ship repairing, shipbuilding, and conversion activities; marine contracting and ship owning business; painting, blasting, and process and sale of slag; property investment, management, and development activities; fund management; golf and hotel ownership and operation; development of marina lifestyle and residential properties; trading of construction materials; development of district heating and cooling systems; electricity generation and supply, and general wholesale trade businesses; purchase and sale of gaseous fuels; and trading of communication systems and accessories. In addition, the company offers jacking systems, and heavy-lift equipment and related services; project management and procurement, towage, financial, real estate investment trust management, logistics and supply chain, warehousing and distribution, data center facilities management, travel agency, and metal fabrication services; housing services for marine workers; and technical consultancy for ship design and engineering works, as well as solid waste treatment solutions. Keppel Corporation Limited was incorporated in 1968 and is based in Singapore

SPH

SPH :

SINGAPORE, 10 April 2018 – Singapore Press Holdings Limited (SPH) reported a flat half year performance for 1H 2018, with a net profit attributable to shareholders of $100.6 million which was $1.4 million or 1.4% higher than the same period last year (1H 2017), in its results announcement for the second quarter ended (2Q 2018) and first half ended 28 February 2018 (1H 2018) today.

Looking through the financial nos for 2Q, total net profit dropped 21.8% to $49.9m versus $63.9m as compared to last year.

Total Net profit for 2nd Half is slightly higher than last year by 1.4m which is boosted due to some divestment gain from 1Q. Without this divestment gain, I think the overall net profit for Half year will be lowered.


 Group Performance Group operating revenue of $492.5 million for 1H 2018 was $23.8 million or 4.6% lower, compared with 1H 2017.

Revenue for the Media business for 1H 2018 decreased by $40.4 million or 10.9% to $329.5 million. Revenue for the Property segment of $121.7 million was stable year-on-year (“y-o-y”).

The Property segment, which accounts for close to 60% of the Group’s profit, continued to provide a steady income stream and stability to the Group’s financial performance.

Revenue from the other businesses grew $17.3 million or 72.4% to $41.3 million, led by contributions from the aged care business.


Recurring earnings of $117.3 million was $6.5 million or 5.3% lower than 1H 2017 as cost savings cushioned the decline in revenue.

For 2Q 2018, group recurring earnings dipped $3.6 million or 6.9% to $49.4 million in tandem with revenue decline. Revenue for the Media business for 2Q 2018 was $155.6 million. The 7.4% y-o-y decline in the second quarter was an improvement compared with the 13.9% y-o-y fall reported in the first quarter.

NAV of 2.14.
EPS for first Half year is 6 cents.
Estimated EPS for full year is about 13 cents.
PE is about 19.15 times.

Glancing through the past years financial numbers, we can notice that the Total Revenue is drifting lowered and lowered each year from 2013 (1231m)  to 2017(1018m).

Total Net income has also been generally decreasing from $404m in 2013 versus $361m in 2017.

Dividend has been slashed from 15 cents to 9 cents.

Ops cash flow is still rather quite healthy as reflected on the table below:

6 cents dividend was being declared for this interim dividend.

It seems that the Print Media lower revenue was being able to cushion off by other revenue from property, digital media , healthcare, other businesses.

I think the fair value for this counter is about $2.40.
Current price is more or less training at full value.

Not a call to buy or sell.
pls do your own due diligence.

Season Investor Investment Idea

As long as you didn't do any CONTRA, MARGIN financing or speculate, I don't see any big deals with the upcoming correction. 

Yes I think it is a CORRECTION rather than a full blown recessionary event.

Let let the recent Trade tariff affect your feeling and emotion. Yes it may bring down all the ships (no doubts) but when the tide recovers, those strong guys will survive (blue chips and fundamentally financially strong companies).

Don't read too much into news and affect your investment decision..

If profits were evaporating for a stock I am excited about, I will get even more excited because that also means the share price is coming down which offers me a chance to add to my position in this same exciting stock if the price is worth adding more. Then the next round when the price heads higher again, I will be multiplying the profits in this same stock on a larger position. It is great to hold an increasingly larger position in an exciting stock through time of which it's underlying business fundamentals are strong and growing fast whenever the share price is sensible to keep adding to one's position, the more exciting the share price at cheap valuation the better for an exciting business!

Below are the list of counters that I am monitoring:

NOT A CALL TO BUY or sell.

Please do your due diligence.

1. Jardine Matheson Holdings
2. Haw Par Corporation
3. DBS
4. OCBC
5. Nordic
6. Riverstone Holdings
7. Top Glove Holdings
8. Micro Mechanics
9. Ascendas REIT
10. Parkway Life REIT
11. First REIT
12. CapitaCommercial Trust
13. Mapletree Commercial Tust
14. CapitaLand Mall Trust
15. Suntec REIT
16. Raffles Medical Group
17. UOI
18. Sheng Siong
19. Wilmar
20.Food Empire
21. Sunningdale
22. ST Engineering
23. SATS

But for the average person, shifts in the market, even ones as dramatic as the ones we've seen this year, shouldn't be cause for panic. During times of volatility, seasoned investors Warren Buffett and Ray Dalio agree that it's best to stay calm and stick to the basics.

"Don't watch the market closely," Buffett told CNBC in 2016 amid wild market fluctuations. "If they're trying to buy and sell stocks, and worry when they go down a little bit … and think they should maybe sell them when they go up, they're not going to have very good results."

QUOTE :

https://www.cnbc.com/2018/04/06/warren-buffett-and-ray-dalio-agree-on-what-to-do-when-the-market-tanks.html?recirc=taboolainternal

Buffett emphasized that holding onto investments long-term is crucial to having them pay off. "The money is made in investments by investing and by owning good companies for long periods of time," the Berkshire Hathaway CEO told CNBC. "If they buy good companies, buy them over time, they're going to do fine 10, 20, 30 years from now."

Dalio, the founder of investment firm Bridgewater Associates who is worth an estimated $14.6 billion, agrees. Though it's tempting to sell when the market begins to drop, he says, giving in to your fear is not a sound strategy.

"You can not possibly succeed that way," Dalio said at the Harvard Kennedy School's Institute of Politics. "You've got to do the opposite. It's when you're not scared you probably want to sell, and when you are scared, you probably want to buy."

Both investors say that the best way to invest successfully is by not trying too hard to anticipate market fluctuations and by staying calm despite them.

Trade/invest base on your decision.

Sheng Siong

Sheng Siong today up 1 cents and closed well at 96.5 cents + good volume . Likely to re-conquer 97 cents and scale higher towards $1.00 soon!

Sheng Siong - Local supermarket has been generally doing well as reflected on their Financial results with consistent rising in Net Income & cash flow for the past five years:

Company has a net cash position of about 4.9 cents per share.

I think zero debts and giving out a dividend payout ratio of 71% @ 3.3 cents for FY 2017. Yield is about 3.55%.

EPS is 4.64 cents. PE of 21.5 at 93 cents.

I think average PE is about 25x should be achievable at $1.16.

I think The fair value is about $1.10 - $1.20. At current price of 93 cents, upwards potential is about 25% to hit the TP of $1.16.

Sheng Siong opened its first overseas store in Kunming, Yunnan province in Q4 2017.

Can Sheng Siong repeat its success in China..

Sheng Siong holds a 60% of the total venture in China. I think if they are able to manage it well that may likely boost their total revenue as well as a good area to expand their business operations. This will likely be seeing an upgrade of their financial status . I view this as a positive move. 

Pls do your own analysis.

For Sheng Siong, I have two possible fair values depending on how well it can continue to grow it's supermarket business both locally and in China it is now entering.

For the conservative fair value, if we assume Sheng Siong slows down it's business growth at CAGR of 6% on it's EPS, then fair share price is $0.95 which happens to be around the price it is currently traded at.

For the aggressive fair value, if we assume Sheng Siong can continue to grow it's EPS same as past 5 years CAGR of 9.06% without any slowing down in the growth of it's local and China supermarket businesses, it's fair share price is $1.24.

Thus, any price at $0.95 and below to me is ok to accumulate Sheng Siong.

Not a call to buy or sell.
dyodd

Sheng Siong Group Ltd., an investment holding company, operates supermarkets in Singapore. The company’s stores offer an assortment of live, fresh, and chilled produce, such as seafood, meat, and vegetables; and packaged, processed, frozen, and/or preserved food products, as well as general merchandise, including toiletries and essential household products. It is also involved in general trading, and wholesale import and export businesses. The company operates approximately 43 supermarkets/grocery stores under the Sheng Siong brand name. Sheng Siong Group Ltd. was founded in 1985 and is headquartered in Singapore.