China Sunsine

 First, we look at the compounded annual growth rate (CAGR) in revenues for China Sunshine for the past 5 years from 2013 to 2017.

  Total Revenue - is the sum of cash inflows, increase in operating accounts such as receivables and occasionally, unrealized gains generated in the course of Company's Business activities.

 Total revenue has been increasing in double digits growth of almost 50%(CAGR) which is superb. The total revenue has grown from $353M to $562m.

 Next, we are looking at the Net Income which is growing at a multiple of almost 4 times which is $16M from 2013 to a whopping $70.1m for 2017.

Now , we are going to take a look at the Normalized diluted EPS - Normalized Net Income divided by the diluted weighted average share outstanding. It is growing at a CAGR % of 40% which is amazing from 3.3 cents from 2013 to 12.8 cents from 2017.

Next on to their efficiency. China Sunsine's return on assets (ROA) and return on equity (ROE) have maintained well from 2013 to 2017. In fact, I looked at their past trend these two return Metricsand they have maintained well at current levels of ROA (above 25%) and ROE (above 22%). We must realise that it is not easy to maintain the ROA and ROE in any business while it is growing it's assets and shareholders' equity through time. To be able to maintain the same level or even increase the level of ROA and ROE would mean the business has high efficiency. China Sunsine justdemonstrated their high efficiency in their businesses. If they can continue to maintain these same levels of returns, I will be even much more impressed with them.

ROA - is a measure of company profitability relative to total assets. It is calculated by dividing Tax Effective EBIT ( earning before interest and tax) by average total assets over a twelve months period.

ROE - is a measure of company profitability relative to total equity. It is calculated by dividing Tax Effective EBIT ( earning before interest and tax) by average total equity over a twelve months period.

Now on to their liquidity. We see that China Sunsine just got much better at their cash conversion cycle. Now on to their liquidity. We see that China Sunsines just got much better at their cash conversion cycle. The number of days in their cash conversion cycle has decreased significantly over the past 5 year meaning that it takes them much lesser time in number of days to convert cash on hand into even more cash through their operations.he number of days in their cash conversion cycle has decreased significantly over the past 5 year meaning that it takes them much lesser time in number of days to convert cash on hand into even more cash through their operations.
It is taking lesser nos of days to collect the cash from 121 days to 101 days.

We now look at how their balance sheet has changed over time.. I will tabulate the comparison of some important metrics between close to 5 years ago (2013) versus latest financial report (2017).

Current ratio = 1.67 (2013) vs 3.69 (2017) . It measures the company's ability to cover current debts with current assets.It it calculated by dividing total current assets by total current liabilities.

Quick ratio = 1.30 (2013) vs 3.14(2017). It measures the company's ability to cover current debts with liquid current assets. It is calculated by dividing the sum of the cash, short term investments, and account receivable by total current liabilities.

Net Profit Margin = 4.53 (2013) vs 12.46 (2017)

EBITDA Margin = 11.61 ( 2013 vs 21.14 (2017)

I also noticed that they are now a net net company with their current assets more than their total liabilities. 
Total Current Assets - $292.607m vs Total Current Liability of $79.139m.

The Operation cashflow has a great improvement from $27.59m to $79.37m.

Net Change in Cash inflow from $7.11m to $45.56m

I have roughly workout the intrinsic fair value for EPS for past 4 years (2013 - 2017) with CAGR of 40% and discount factor of 25% to come up with a value of $2.51.
I would further factor in a further discount of 20% i.e.$2.51 X 0.8 = $2.00.

The current price of $1.49 may present a further upwards potential of 34% to reach $2.00.

If using the Cash flow to work out the intrinsic value for past 4 years with CAGR of 50% and a discount factor of 25% we may roughly drive the fair value of $1.828.
Let say we factor in another 15% discount which is $1.828 x 0.85 that would give us a estimated fair value of $1.56.
The potential to rise from current price of $1.49 to $1.56 is another 7 cents..Some may like to consider to take this as a opportunity to take profit . Dyodd

TA wise, it is on a uptrend mode direction.

Looks bullish and it may likely continue to retest $1.50 . Breaking out if $1.50 with smoothly + good volume it may likely heading  higher to $1.55 and above.
Not a call to buy or sell.
dyodd.

China Sunsine Chemical Holdings Ltd., an investment holding company, engages in the manufacture and sale of rubber chemical products in the People's Republic of China, rest of Asia, the United States, Europe, and internationally. The company offers rubber accelerators, anti-oxidant agents, vulcanizing agents, anti-scorching agents, and insoluble sulphur used for the production of tires and other rubber related products, such as shoes, belts, and hoses. It is also involved in the production and supply of heating power, including preparation and implementation of the project; and hotel and restaurant business. The company offers its products under the Sunsine brand name. It primarily serves the tire companies. The company was incorporated in 2006 and is based in Singapore. China Sunsine Chemical Holdings Ltd. is a subsidiary of Success More Group Limited.

Venture - Chiong ah

5th May :Venture -After toughing the low of $18.50 , it has managed to bounce off and stay above $19 level. This is quite positive.

On Friday, it has form a nice hammer shape candlestick chart pattern, looks bullish to me!

 It may likely an indication of a rebound is going to happen ! Looking good to cross the hurdle at 20.20 and propel to drive it higher towards 21.00 .

 Not a call to buy or sell. Pls dyodd. 3

30th April - Venture has again turned lower by another 45 cents to close at $20.95. Looks rather shaky and critically landed on the 200 days Moving Average.

Will it be able to stay above this 200 MA or breaking down would be quite ulgy and may see further selling down pressure.

The selling volume seems to have subsided which might be a good indication that selling down pressure is slowing down .. I think a technical rebound may happen soon!


Not a call to buy or sell.

Please do your own due diligence.


 27 April - Unfortunately, Dow didn't help to safe this counter from sliding further. It is now trading near it's support level at 21 level which is quite close to it's 200 days Moving Average.

It seems to have bounce-off and staying above this 200MA. Breaking down would be super bearish!

Short term wise, it is rather oversold and may likely see a technical rebound . 20 days MA has crossed below 50 days MA, Which indicates that it is now on a downtrend mode.

Not a call to buy or sell.
Dyodd

Venture - looks like today we may likely see strong rebound after being sold down drastically for the past few days from $26.98 to a low of 19.84 before closing higher at $22.20. What an exciting roller coaster ride for both the Investor and trader . With Dow overnight closing positively due to better earnings, this counter may likely get lifted.

quote : Dow surges more than 200 points, Facebook and AMD jump after crushing earnings Facebook shares surged 9.1 percent after the company posted better-than-expected earnings and revenue for the first quarter. Advanced Micro Devices also posted earnings that topped expectations, sending its stock up about 14 percent. The strong quarterly numbers also lifted the S&P 500 and Nasdaq by 1 percent and 1.6 percent, respectively.( cnbc.com)

Yesterday, it has managed to bounce-off from the 200 days moving average and rises to close higher at $22.20. This is a short term reaction whereby Bull is taking control of the Bear.

Immediate resistance will be at $24.00 or $24.38 which is coincide with 100 days moving average. Breaking out of this level with great volume, that may drive the price higher towards testing the 50 days moving average at $27.00/

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

Venture Corporation Limited, together with its subsidiaries, provides technology services, products, and solutions in the Asia Pacific. The company operates through Electronics Services Provider, Retail Store Solutions and Industrial, and Components Technology segments. It offers manufacturing, product design and development, engineering, and supply-chain management services to the electronics industry. The company also designs, manufactures, assembles, distributes, and trades in electronic, mechanical, and computer related products and peripherals; manufactures and sells terminal units; develops and markets color imaging products for label printing; designs, integrates, and trades in electronic security systems; and develops and supports information systems. In addition, it engages in the provision of manufacture, design, engineering, customization, and logistics and repair services; manufacture, design, fabrication, stamping and injection, metal punching, and spraying of industrial metal parts, tools, and dies; and design, customization, and marketing of tool-making and precision engineering solutions. Further, the company manufactures plastic injection molds and moldings with secondary processes and subassembly; and provides manufacturing services to electronics equipment manufacturers, as well as offers management services. Additionally, it imports and exports electronic parts, components, equipment, devices, and instruments. Venture Corporation Limited was founded in 1984 and is headquartered in Singapore.

Hi-P

Hi-P - The company bought back share for the past 2 days.

Yesterday it bought back 400,000 share at $1.46/1.47 per share.

 Another share bought back 761,20 share at 1.47-1.50 per share. Looks like the company is trying to support the share price from going lower.

 (http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementLast12Months&F=FWOSLC1WALXI63U8&H=5fe681a63266cf7695a559f7d8965e42f3996dbb9db28f99daecf57033758728)



http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementLast12Months&F=YJSTH4ZPZFHQLQF4&H=f3014d631c303cacce6071a73717ee7e059257d9e6173271d44ca31f2b2caec5


Shares of Apple hit an all-time high after famed investor Warren Buffett revealed that he purchased 75 million shares during the first quarter.

I think the purchased of Apple share by WB has helped to safe Dow from going under its 200 days Moving average. It was trading down 100 points before rising 300+ points due to WB purchased news.This is quite a positive  move in diverting Dow from falling further. 


With this purchased by WB good news, it has also helped the tech counter to rise : The Nasdaq composite rose 1.7 percent to close at 7,209.62, its first positive day in the last three sessions. The index was led higher by the aforementioned rally in Apple, a 1.4 percent gain in Facebook and a 2.4 percent boost in Google-parent Alphabet.

The Dow Jones industrial average closed 332.36 points higher at 24,262.51 thanks to a 3.9 percent rally in Apple's stock, which jumped after famed investor Warren Buffett revealed that he bought millions of shares of the iPhone maker in recent months. By the closing bell, Apple had posted a gain of 13.45 percent for the week, its best since October 2011.

The S&P 500 rose 1.2 percent to finish at 2,663.42 after falling 0.4 percent earlier in the day, buoyed by a nearly 2 percent gain in tech, which led all 11 sectors for gains.

quote : cnbc.com

From TA point of view, Hi-P has been drastically selling down after touching the high of $2.79 on 16th Mar 2018. It has gone down to hit $1.45 before closing one cent higher at 1.46. This is super bearish.

The current price of 1.46 is staying below all its SMA lines such as 20,50,100 & 200 days moving average. The first obstacle is to challenge and cover the Gap at about $1.62 level in order to rise further.

Breaking out of $1.62 with ease, that may likely propel to drive the price higher towards $1.70 level and then to challenge the $1.79/$1.80 level which is also coincide with its 200 Days moving average.

Not a call to buy or sell.

please do your own due diligence.

Bearish Counters Such as Best World, Venture,Hi-P, Sembcorp Marine

Best World - The current price is Trading below it's 20 & 50 days Moving average looks rather bearish.

If $1.47 cannot hold then it may likely continue to go lower towards 1.40 then 1.30.

Venture - After touching the high of $29.65 in 13rd April, it has since fallen off sharply to hit the low of _18.50 yesterday. This is super bearish!  TheThe curr price of $19.75 is trading below it's 20, 50, 100 & 200 days micing average which may likely see a temporary lifting/rebound from here. It may continue to slide further down if the recent los of 18.50 cannot hold. 

Hi-P : After touching the high of $2.79 on 14 March it has since corrected sharply to hit the low of $1.45 yesterday. This is super bearish!

The current price of $1.57 is staying below it's 20,50,100 & 200 days MA. Things does not look rosy. It may get a temporary rebound ..pls dyodd.

Sembcorp Marine - this counter has risen most probably due to oil price and analyst painted a GD picture. Fundamental wise ,it is still lacking far away from it's golden days . The rolling EPS is 3.9 cents . PE is 70 times.

I think it Look expensive to me.

The current price is staying below its 20,50 & 100 days  moving average ,which is quite bearish .If 2.05 is broken down then we may see the price slide down further towards $1.88 .

Not a call to buy or sell.

Trade/invest base on your own decision. 

DOW Jones index

4th May 2018 - Very luck for Dow to bounce-off after hitting below the 200 days moving average.
I think market may get a lifting today especially STI indexes.

As reflected on the chart, Dow went all the way down to touch 23531 before Bull gaining strength to take control of the Bull and close above it 200 days MA which is around 23740 level .
It is still not out of the wood yet. It might be good to monitor and hopefully it doesn't breakdown the 23316 level ( previous low) of which it would be super bearish.

Tech/Manufacturing counter such as Venture , Hi-p, AEM , Valuetronics & Sunningdale Tech etc may likely see a rebound.
I think it might be a good opportunity for those who want to exit /take profit/ cut loss .

Please do your own due diligence.

The Dow Jones industrial average edged out a 5.17-point gain to finish at 23,930.15 by the closing bell after falling nearly 400 points in morning trading. The S&P 500 closed down 0.23 percent to close at 2,629.73 after dropping as much as 1.6 percent. Both indexes also dipped below their 200-day moving averages, but were back above those levels by the end of the session.

The Nasdaq composite fell 0.18 percent after dropping more than 1 percent, ending the day at 7,088.15. The Nasdaq pared losses later in the day was buoyed by a rebound in Amazon and Apple shares as well as a 0.6 percent gain in software giant Microsoft. Enterprise technology company Cisco added 1.3 percent.

"The market got very cheap and buyers just came in," said Jeremy Klein, chief market strategist at FBN Securities. "I mean you'll still seeing sectors like banks lag ... [but] industrials had a really nice bounce. A stock like Boeing, which has been really dragging lately, found a nice bid this morning." ( cnbc.com)

DBS

DBS - 3rd May 2018 Is going Ex-dividend today .

Final dividend of 60 cents + special dividend of 50 cents. Total $1.10.

The price may gap down from $30.63 to $29.53.

 Looking at the chart, yesterday it has formed a wide bearish bar and is almost covering/engulfing the previous candlestick, this is rather bearish. Plus today is the ex-dividend date, we may see a drastic selling down towards $29.00 then $28.90 which is also its 20 days Moving average.

 Breaking down of $28.90 level, next we may be seeing it slide further down towards $28.50 level which is also coincide with its 50 days moving average.


The next support level would be at $27.30 (100 days moving average). The stochastic indicator is pointing to a overbought territories and may likely see further selling down pressure.


Not a call to buy or sell.

Please do you own due diligence.


 Looking at their financial nos for the past 5 years, we can notice that the total revenue didn't really grow that much from 9,174B in 2013 to 10,887B in 2017.

Total net income grow at a faster rate from 4,046B in 2013 to 4,637B in 2017 .


The CAGR is merely about 2.8% which is not really a high single digit nos/nothing great to shout about it.

 Diluted EPS 1.181 in 2013 versus 1.302 in 2017.

 Rolling PE is about 17.22 times.

NAV of $17.804.

P/B is 1.61 times.
yearly dividend has generally been increasing from 58 cents in 2013 to 93 cents in 2017. Yield is about 3.23%




 DBS Group Holdings Ltd provides various commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment provides financial services and products, such as short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. This segment serves institutional clients comprising bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium-sized businesses. The Treasury Markets segment is involved in structuring, market-making, and trading across a range of treasury products. The Others segment offers Islamic banking services. The company operates approximately 280 branches across 18 markets. DBS Group Holdings Ltd was incorporated in 1968 and is headquartered in Singapore.