Citic Envirotech

Citic Envirotech - Looking through their financial numbers for the past 4 years, Wow, they have done a super impressive job of growing the company revenue at a greater magnitude .

The Total Revenue is greatly enhance from a merely $185m in 2013 to $908.7m. A vast improvement of having a CAGR of 97% for past 4 years. A splendid achievement indeed!


The EPS was growing at a CAGR of 31.16%, a high double digits grow rate which is pretty impressive . Diluted EPS for 2013 was 1.4 cents versus EPS of 4.2 cents in 2017.

Total Net Income has also been growing and increasing at a higher magnitude from $29.5m in 2013 to $115.9m in 2017. A vast improvement of 3.9 times or 390% increased of its Net Income value.
Superb achievement!

Dividend paying out has been greatly increased from 0.3 cents in 2013 to 1.5 cents in 2017. Giving a yield of 2.1%.


EBITDA has been greatly increasing from $47.65m in 2013 to $229.13m in 2017. A 480% improvement from 2013 to 2017. The company is growing its revenue at a fantastic enhancement rate.

The total Assets has also been increasing from $567.1m of 2013 to $$3608.7m in 2017.
The company has been growing its total Assets at a greater magnitude 6.3 times.

Ops cash flow has been pretty healthy as reflected on the table below.

Investor may want to take note of the super high of Total Debts to Equity ratio of 43.98%.

I have roughly workout the EPS DCF Intrinsic value for this counter using a CAGR of 31.16%, discount factor of 15% of which the fair value is 95 cents.


If I want to factor in a greater Margin of Safety , i may increase the discount factor to 18% that would still give me a fair value of 81 cents.

The current price of 70 cents , at PE 22 times , Rolling PE at 16 times seems trading below its fair value. The potential of 15.6% if Target price is based on 81 cents and 35.6% if Target price is being set at 95 cents.

NAV of 41.4 cents. P/B 1.8 times.


From TA point of view, after hitting the high of 85.2 cents in 29 Mar 2017, it has since retreated sharply and continue to slide down further to close at 70 cents as of last Fri - 13 April 2018.
It is now stuck in a consolidated mode patterns . It can go either way. Which means to say it may continue to slide further down or bounce-off from here and move up the channel.

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

Trade/Invest base on your own decision.


CITIC Envirotech Ltd. Announces Placement of New Shares to New Resources LLC Raising Approximately SGD 70.7 Million in Gross Proceeds (PROPOSED PLACEMENT OF 83,216,080 NEW ORDINARY SHARES )

 The Placement Price of S$0.85 is at a premium of 14.8% to the weighted average price of S$0.7407 for trades done on the ordinary shares in the capital of CEL (“Shares”) on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 27 December 2017, being the last full market day on which the Shares were traded prior to the date the Placement Agreement




CITIC Envirotech Ltd. provides integrated water solutions in the People’s Republic of China, the United States, and Malaysia. It operates through Engineering, Treatment, and Membrane segments. 

The company involved in the design, fabrication, installation, and commissioning of membrane-based water and wastewater treatment systems, as well as in undertaking various turnkey projects in the capacity of engineering, procurement, and construction contractor or as a membrane system specialist. It also invests in wastewater treatment projects under transfer-operate-transfer and build-own-transfer arrangements; and operates and manages third party treatment facilities.

 In addition, the company manufactures and supplies polyvinylidene fluoride hollow fiber membrane, and pressurized and submerged membrane products and integrated membrane systems; and trades in pumps. It serves the chemical, petrochemical, and municipal and industrial park sectors. The company was formerly known as United Envirotech Ltd. and changed its name to CITIC Envirotech Ltd. in July 2015. The company was founded in 1996 and is based in Singapore. CITIC Envirotech Ltd. is a subsidiary of CITIC Limited.

Food Empire

Food Empire - AGM on 24th April 3pm at Four Points by Sheraton Singapore, Riverview Jubilee Ballroom, 4th Storey, 382 Havelock Road, Singapore 169629.


0.6 cents dividend .EX date 27th April. Pay date 18th May 2018.

EGM date is also being set on the same day - 24th April , mainly to pass the The renewal of the Share Buyback Mandate. I think this may likely help to support the price and increase its NAV ..
Seems a good move to me.



Food Empire’s products include a wide variety of beverages, such as regular and flavoured coffee mixes and cappuccinos, chocolate drinks and flavoured fruit teas. It also markets instant breakfast cereal, potato crisps and assorted frozen convenience foods.

Coffee Beverages - Food Empire Holdings caters to different consumer tastes by offering a wide variety of beverages. We manufacture regular and flavoured coffee mixes and cappuccinos, instant chocolate, flavoured fruit teas and cereal drinks. Our core product – instant coffee beverages – is marketed mainly under the MacCoffee, Klassno, FesAroma and Bésame brands using some of the finest coffee beans.

Frozen Foods - Complementing our beverage business is our food product range that includes frozen finger food and confectionery. Our mouth-watering, ready-to-cook frozen convenience food, marketed under OrienBites and Klassno, are inspired by the unique delights of Oriental cuisine and the convenience of Western fast food. The selection comprises exotic delicacies like Tail-on Shrimp Dumplings etc

Snack Foods -Our Snack Food segment was launched in 2003. Kracks, the brand name for the range of snacks, comprises Potato Crisps, Apple chips and Rice Crackers. All the snacks are high on taste as well as health aspect. The potato crisps come in seven different delicious flavours from exotic to traditional, each catering to different palates and cravings. MacFood, comprises mainly seafood snack food.

Looking through their financial results for past 4 years , we can notice that the Total Revenue has been generally rising from $249m in 2014 to $269M in 2017 . This is quite positive.

Net Profit has also been a great improvement from a Loss of $13.6m in 2014 to a Profit of $13.3m.

NAV value has also been rising from US$0.2594 to US$0.31.45. This is rather encouraging and knowing that the company is growing and also increasing the Book value for the company.

Cash flow has been quite healthy as can be seen from the table below , it has risen from $6.05m in 2014 to $39.89m in 2017.

Return of Assets has been generally improving from 3.8% in 2013 to 7.6& in 2017. Which is rather positive.

Return of Equity has also been rising from 6.9% in 2013 to 8.3% - a high single digit grow rate in 2017.

FY2017 Net profit would be even higher if not because of the one-time divestment loss of 7.6m ( impairment of associate/goodwill etc).

I think this is a turning around company that has shown great improvement in bringing the company back to profitable condition and also generating a pretty good sets of Total net income to achieve an EPS of 3.9 cents ( excluding divestment loss, if not, rolling EPS would be 5.9 cents), PE of 16 times is pretty impressive.

This is a Net Net Position company as can be seen the Total Current Assets of $186.6m is more than enough to cover the Total Liabilities of $106.7m.

I have roughly workout the DCF cash flow intrinsic value for Food Empire, using a CAGR of 30% , discount factor of 20 %, I have derived a fair value of 82 cents.

I think the average industry PE for F&B is about 22 times , which may likely arrive a Target Price of 86 cents. Which is also quite close to the cash flow fair value.

I think the dir recently has been buying up share.

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

TA wise, it is being stucked in a consolidation mode patterns.
The Bollinger Bands is seemed being in a tight /squeezing condition and may either break-up or Breaking down.

SGX Mainboard-listed Food Empire Holdings (Food Empire) is a global branding and manufacturing company in the food and beverage sector. Its products include instant beverage products, frozen convenience food, confectionery and snack food.

Food Empire’s products are sold to over 50 countries, in markets such as Russia, Ukraine, Kazakhstan, Central Asia, China, Indochina, the Middle East, Mongolia and the US. The Group has 24 offices (representative and liaison) worldwide. The Group operates nine manufacturing facilities in India, Malaysia, Myanmar, Russia, Ukraine and Vietnam.

Food Empire’s products include a wide variety of beverages, such as regular and flavoured coffee mixes and cappuccinos, chocolate drinks and flavoured fruit teas. It also markets instant breakfast cereal, potato crisps and assorted frozen convenience foods.

Food Empire’s strength lies in its proprietary brands – including MacCoffee, Petrovskaya Sloboda, Klassno, Hyson, OrienBites and Kracks. MacCoffee – the Group’s flagship brand – has been consistently ranked as the leading 3-in1 instant coffee brand in the Group’s core market of Russia, Ukraine and Kazakhstan. The Group employs sophisticated brand building activities, localized to match the flavor of the local markets in which its products are sold.

Since its public listing in 2000, Food Empire has won numerous accolades and awards including being recognized as one of the “Most Valuable Singapore Brands” by IE Singapore, while MacCoffee has been ranked as one of “The Strongest Singapore Brands”. Forbes Magazine has twice named Food Empire as one of the “Best under a Billion” companies in Asia and the company has also been awarded one of Asia’s “Top Brand” by Influential Brands.

SingTel

SingTel - from TA point of view , it is being stucked in a consolidation mode chart patterns! Currently , the trading price is $3.35.

PE of 14.92 , EPS of 23.6 cents, rolling EPS of 34.6 cents. NAV of $1.811. Dividend of 17.5 cents excluding any special dividend , yield at 5.22% looks pretty attractive!


In fact , the yield is much higher than ComfortDelGro . ComfortDelGro & M1 price has began to rise , I don't see any reason or obstacle why SingTel price is not heading higher!

It will need a nice breaking out of $3.40 in Order to rise higher towards $3.50 and above .

Looking through the past years financial results , we can notice that singtel Total Revenue is maintaining within the range of 16.8B to 17.5B.

Fluctuation is rather small. Diluted EPS is slightly lowered from 18.2 cents to 16.7 cents.

Return Of Assets is rather Low grow at the rate of 3.65%.

Ops cash flow seems strong/pretty healthy , fluctuating between 5.25B to 5.89B.

Returnss of Equity is pretty good at 19.86%. A double digits grow.

I think Current price Seems attractive at 5.22% yield.


Not a call to buy or sell.

Please do your own due diligence .

Trade/invest base on your own decision .



Thee Singtel Group is Asia's leading communications group. We provide a diverse range of services including fixed, mobile, data, internet, TV, infocomms technology (ICT) and digital solutions. Headquartered in Singapore, Singtel has more than 130 years of operating experience and played a pivotal role in the country’s development as a major communications hub. Optus, our subsidiary in Australia, is a leader in integrated telecommunications, constantly raising the bar in innovative products and services. We are also strategically invested in leading companies in Asia and Africa, including Bharti Airtel (India, South Asia and Africa), Telkomsel (Indonesia), Globe Telecom (the Philippines) and Advanced Info Service (Thailand). We work closely with our associates, leveraging our scale in networks, customer reach and extensive operational experience to lead and shape the communications industry. Together, the Group serves over 655 million mobile customers around world. Singtel is one of the largest listed Singapore companies on the Singapore Exchange by market capitalisation. The Group has a vast network of offices throughout Asia Pacific, Europe and the USA, and employs more than 23,000 staff worldwide.

Kris Energy

Kris Energy - From TA point of view seems rather bullish! It has a beautiful white thrust bar appeared on the 6th April + high volume and closed well at 9.3 cents. It has a Price Gap Up on the next trading day and a few follow-through session with prices heading higher. Looks rather positive.

The current price of 10.7 cents is hovering above its 20,50 & 100 days Moving Average which is quite bullish.

It would likely make an attempt to cross over 11 cents which is also coincide with its 200 days Moving Average.

Macd is also rising and may likely provide an indication for price to rise further.

 Breaking out of 11 cents with ease + good volume that may propel to drive the price higher towards 11.8 cents then 12.8 cents with further extension to 13.5 cents.

 NAV of 22.4 cents. EPS of -0.205 ( negative EPS)

 Total revenue has been generally rising but still not enough to post an profitable EPS.

 Return of Assets & Return of Equity are into negative growth . Which is not so rosy. Investor may want to take note of this.

 Debt to Equity ratios is also very high.

 his is a ultra penny stock counter. I think is good to exercise with extra cautious!

Not a call to buy or sell.

Please do your own due diligence.

Trade / invest base on your own decision.



 Kris Energy : KrisEnergy Ltd., an independent upstream oil and gas company, focuses on the exploration, development, and production of oil and gas in Southeast Asia. The company holds working interests in five producing oil and/or gas fields in the Gulf of Thailand and onshore Bangladesh. It also participates in 11 blocks in Bangladesh, Cambodia, Indonesia, Thailand, and Vietnam. The company was formerly known as KrisEnergy Holdings II Ltd. and changed its name to KrisEnergy Ltd. in July 2012. KrisEnergy Ltd. was founded in 2009 and is based in Singapore.

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.