Hi-P

Chart wise, it is still looking rather bearish as the current price of $1.22 is still trading below its 20 days moving average. It will need to rise further to re-claim this 20 days moving average at about $1.31 so as to reverse this downtrend and move up the channel.

Breaking out of $1.31 with ease + good volume, that may propel to drive the price higher towards $1.40 level then $1.50 with extension to $1.57.

Today saw director bought back quite a huge share transaction /married deal of about 72+m share . This is rather positive. A boost of confidence.

quote : http://infopub.sgx.com/FileOpen/_MAS%20Form%201_Yao%20Hsiao%20Tung.ashx?App=Announcement&FileID=511404

NAV of 65.4 cents.
Rolling EPS of 15 cents.
PE of less than 10X
Dividend of about 10 cents.
Yield is 7% which is rather impressive.

Not a call to buy or sell.

Please do your own due diligence.

Latest 1Q result for your reference. Gross Profit increased 13% to reach 37.8m. 
Net Profit increase marginally of 1.3% to 12.1m after factoring the foreign exchange loss of 13m..

Hi-P International Limited operates as an integrated contract manufacturer serving the telecommunications, consumer electronics, computing and peripherals, lifestyle, and medical and industrial devices industries. The company operates through three segments: Precision Plastic Injection Molding; Mold Design and Fabrication; and Provision of Sub-Product Assembly and Full-Product Assembly Services. It manufactures and sells molds and special tools, related housing appliance plastic components and equipment, and water treatment equipment; plastic components and plastic product modules; mold base and components; electric components and electronic communication equipment; in-mold decoration lenses; precision stamped metal components and precision tools; and metal and non-metal stampings, as well as provides spray painting, engineering support, maintenance, and technology consultation services. In addition, the company engages in the manufacture, wholesale, import and export, and sale of electronic telecommunication devices, housing appliances, automated equipment, and related components. Further, it manufactures and sells trays, mobile phones, telecommunication products, digital cameras and related electronic products, and electric toothbrushes; assembles coffee machines and parts, as well as provides related maintenance and after-sales services; and offers investment and management consulting services. Additionally, the company engages in the assembly and provision of ancillary value-added services, primarily surface finishing services. It has operations primarily in the People's Republic of China, Singapore, Malaysia, Thailand, Europe, the United States, the rest of Americas, and internationally. The company was founded in 1980 and is headquartered in Singapore.

M1

The smallest local Telco among the three .

NAV of $0.464.
Dividend of 11.4 cents.
Yield of 7.2% at current price of $1.59 looks rather attractive.

PE of 12.5x looks rather oversold.

Today price seems to have broken down the support level at $1.60. Looks rather bearish!

Short term wise, I think likely to see further selling down pressure.
It may likely retest $1.50 then $1.40/1.39 level.

It would be interesting to look at this counter if it ever goes down to $1.40 level. A super undervalue play that offers a good dividend yield of 8.1% if dividend can continue to payout at 11.4 cents .

This might offer a good level of accumulation.

Notva call to buy or sell.

Please do your own due diligence.

M1 Limited, together with its subsidiaries, provides mobile and fixed communications services to consumers and corporate customers in Singapore. It offers various voice, data, and value-added postpaid and prepaid mobile services on 4.5G/long term evolution advanced and 3G/high speed packet access; and international direct dial services to mobile and fixed-line customers. The company also trades in wholesale voice minutes with other international and local service providers, as well as provides dark fiber services to carriers and data centers. In addition, it offers various fiber broadband service plans, including fixed voice and other value-added services for residential customers; and a suite of mobile and fixed services, including symmetrical connectivity solutions, managed services, cloud solutions, cybersecurity solutions, Internet of Things, and data center services for corporate customers. Further, the company is involved in the retail sale of telecommunication equipment and accessories; provision of customer and remittances services; licensing of intellectual property rights; and provision of mobile malware detection solutions. It serves approximately 2.03 million customers through 11 M1 shop outlets and distributors, as well as online. The company was formerly known as MobileOne Limited and changed its name to M1 Limited in 2010. M1 Limited was founded in 1994 and is headquartered in Singapore.

Sembcorp Marine

US crude tumbles 2.7%, settling at $65.06, as the market braces for rise in OPEC output 

OPEC, Russia and other allies look poised to increase output in their meeting in Vienna, Austria on June 22-23.

Russian Energy Minister Alexander Novak said his country and Saudi Arabia supported a gradual increase in production after restricting output for 18 months.

U.S. light crude ended Friday's session down $1.83, or 2.7 percent, to $65.06. Benchmark Brent crude oil was down $2.46, or 3.2 percent, at $73.48 a barrel by 2:28 p.m. ET, after falling 80 cents on Thursday.

Both contracts hit 3½-year highs in May, but have since drifted lower as U.S. crude production has risen and as the Organization of the Petroleum Exporting Countries (OPEC), Russia and other allies look poised to increase output in their meeting in the Austrian capital on June 22-23. (cnbc.com)

TA wise, it is on a downtrend mode chart patterns.

Current price of $2.03 is trading below its 20, 50, 100 & 200 days moving average.

Short term wise, I think it may likely slide down to revisit 1.87 . Breaking down of 1.87 with high volume that may likely see further selling down pressure to head lower towards 1.78 with extension to 1.60 price level.

Looking through their 1Q2018 reuslt, Net profit is down 86% to $5.3m,.

NAV of $1.157.

EPS is down 86% to 0.25 cents versus 1.77 cents .

PE is rather high at current price of $2.03 that is a PE of 45.1x ( estimated full year PE of 4.5 cents).

I think The current price of $2.03 is running ahead of its financial fundamentals.

Dividend of 2 cents per annum.

Yield is rather low at 0.98%.

Not a call to buy or sell.

Please do your own due diligence.

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.

Parkway Reit

Price has come down again after my previous post .

The current price of $2.63 is still trading at historical high.

Yield at current price is about 5.00%.

I would likely wait for a min of 5.5% yield that is $2.43 before deciding to accumulate at this level.

TA wise , it is on a down trend mode chart patterns.
Breaking down if $2.60 would likely slide further down towards $2.53 then 2.42 price level.

Not a call to buy or sell.

Pls dyodd.

ParkwayLife Reit - It owns the largest portfolio of strategically-located private hospitals in Singapore comprising Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital. 

In addition, it has 45 assets located in Japan, including one pharmaceutical product distributing and manufacturing facility in Chiba Prefecture as well as 44 high quality nursing home and care facility properties in various prefectures of Japan. 

It also owns strata-titled units/lots at Gleneagles Intan Medical Centre Kuala Lumpur in Malaysia.



Looking through their financial nos from 2013 to 2017, we can notice that its Total Revenue is generally rising at a CAGR of 4.3% from 93693m in 2013 to 109,881m in 2017. This is quite consistently increasing for the past 4 years which is quite encouraging/positive.

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.

Next, we can take a look at the Total Net Income level which has only generated an returns of only 0.81% (CAGR) from 98.279m in 2013 to 101.464m in 2017. The Net Income seems like not growing much. Investor may want to take note of this. 

The DPU has since a marginally increase from 0.107 in 2013 to 0.134 in 2017. An increase of 0.06% CAGR. The average yield for the past 4 years is about 0.122. Giving a yield of 4.38%.
This is generally below the 5to5.5 % yield expectation for investing in Reit counter.

NAV of $1.761, P/B is 1.61 times.

The Gearing % is about 40% which can be roughly calculated base on the Total Liabilites 705,881/ 1771,221 Total Assets . It is still within the guide line being set by MAS.. Generally, we would prefer gearing to be around 30-36%.



Ops cash flows seems quite pretty stable generating a Net cash from Ops is within 76 to 80m.

The current price of $2.63 which is trading above it NAV of $1.761 and it is also trading above its fair value of about $2.10.I think it is trading at a premium price level and investor may want to take note of this.

Looking through the Historical chart patterns, we can use it as a reference .

Strong support level is around $2.20 level. The next support level would be $1.80.




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

trade/invest base on your own decision. 




 Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size. It invests in income-producing real estate and real estate related assets that are used primarily for healthcare and healthcare-related purposes (including but are not limited to, hospitals, healthcare facilities and real estate and/or real estate assets used in connection with healthcare research, education, and the manufacture or storage of drugs, medicine and other healthcare goods and devices). PLife REIT owns a well-diversified portfolio of 50 properties with a total portfolio size of approximately S$1.75 billion as at 31 December 2017.

Capital Comm Trust

CCT today is down 5 cents to $1.64.

Is it really cheap at this current price level ?

I doubt so!
Looking at the past years dpu of 8.7 cents ,
Yield is still not attractive at 5.3% @ 1.64.

Waiting for $1.45 and below to have a minimum yield of 6% or more.

TA wise, it is on a downtrend mode chart patterns.
The current price of 1.64 is trading below its SMA lines which may provide further indication that the price may continue to head lower.

MACD is showing sign of negative divergence and it may continue to head lower.

Short term wise, I think is likely to head lower to retest 1.60 then 1.51 with extension to 1.41 price level.

Not a call to buy or sell.

Please do your own due diligence.

Looking at their financial numbers for the past 5 years, we can notice that the dpu is hovering around the range of 8.5 cents to 9.1 cents.

In fact , the total revenue has been steadily increasing from 262m in 2014 to 344m in 2018. But dpu has indeed stay un-change/remain the same.. Why?

Looking at the diluted EPS , we can notice that the EPS has been generally declining from 7.7 cents to 5.3 cents which could be telling us that the total nos of share has been risen due to issuing of rights share. This has more or less diluted the EPS and as well as the Dpu paying out.

There was a rights issuance being carried out in Oct 2017 at the ratio of 166 : 1000.

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementLast12MonthsSecurity&F=QWV0PAD0VLIM1HCE&H=a312fe26dbc3efeffa033f44c6ef109fcf026aed3949ef2e7fa52982026b978b


The Gearing seems fine which is hovering around 32% .

Ops cash flow seems quite healthily increasing from 188m of 2014 to 251m in 2018 .

DPU for 1Q2018 was down 9.4% to 2.12 cents versus 2.34 cents last years.

Gross revenue and net property income in 1Q 2018 were higher year-on-year arising from higher gross revenue and net property income from most of the properties. Revenue from Asia Square Tower 2 (“AST2”) offset the loss in income due to the divestments of One George Street, Golden Shoe Car Park and Wilkie Edge.

 (2) In 1Q 2018, CCT retained S$1.6 million of its taxable income available for distribution to Unitholders to be paid out later in FY2018. CCT is committed to distribute 100% of its taxable income available for distribution to Unitholders for the financial year ending 31 December 2018.

 (3) DPU for 1Q 2018 of 2.12 cents was 11.7% lower than that of 1Q 2017 due to the enlarged number of CCT units of 3,611.7 million units as at 31 March 2018 (31 March 2017: 2,969.0 million units), arising from 513.5 million new units issued for the S$700.0 million rights issue on 26 October 2017 (“Rights Issue”), conversion of convertible bonds in FY 2017 and issuance of units for management fees.

 (4) DPU for 1Q 2017 of 2.34 cents was restated for the Rights Issue, in accordance with paragraph 46 of Statement of Recommended Accounting Practice 7 “Reporting Framework for Unit Trusts”.

 (5) DPU for 1Q 2017 of 1.97 cents was adjusted for the enlarged 3,611.7 million CCT units.

DBS bank

TA wise Looks rather bearish !
It has broken down 100 days moving average and continue to slide further down with high volume.

Short term wise, I think it may continue to go down to revisit 26.28 then $24.95 with extension to 24.38.

Not a call to buy or sell.

I think similar chart patterns are also reflected on the other 2 local bank counters.

Please do your own due diligence.

The 3 local bank counters are having quite similar chart patterns as shown on the daily candlestick chart patterns.

All 3 counter current price are trading below its 20, 50 & 100 days Moving average.
Looks rather bearish!

OCBC Bank:

It has experienced a Gap down on 30th May 2018 from the previous closing price of $12.99 to touch the low of $12.51 before manage to close slightly higher at $12.66 price level.

The current price of $12.53 is staying slightly above its 200 days moving average at about $12.36 level. Breaking down of $12.36 level , it would be super bearish and may likely continue to slide down to test $12.25 then $11.90 with extension to $11.40.

DBS :

Similarly for DBS , it is having a Gap down scenario on 30th May 2018 whereby the price went down to touch the low of $28.140 before closing slightly higher at $28.23 level as compare to previous day  closing price of $29.15 level.

Looks rather bearish and it may continue to go lower to test $28.14 then $$27.60 with extension to $26.30.

UOB:

It has gone down to touch the low of $28.16 before closing slightly higher at $28.36 price level as compare to the previous day closing price of $29.29 .

This is rather bearish and the price may likely to go lower to test $28.00 then $27.45 with extension to $26.00.

Not a call to buy or sell.

Please do your own due diligence.


Some discussion about the recent selling down:

Any reason u can think of to cause these drags on all 3 banks after reporting excellent results???

• Like
 
• Reply
 
• about 8 hours ago

Sporeshare

Reply to @AllenYip : I think is kind of selling after result . Moreover bank counter are trading at P/B 1.4-1.6 seems expensive. The correction is healthy.. I think any short rebound due to Dow overnight +219 it might be a GD opportunity to exit /lock in profit. Pls dyodd

• Like
 
• Reply
 
• 17 minutes ago

limchris8

Reply to @AllenYip : The answer is simple. Fund managers pushing up bank stocks or any stock prices are not here for charity. They would not wait for ordinary investors to take profit before them. As bank stocks reached few 52-week highs, it was natural to take profit thereby causing corrections. Besides, there are too many uncertainties/volatility this year. It is wise to take money off the table. With nice capital gains & dividend, why shouldn't they take profit? Furthermore, the reporting season for banks is over. Wait till the next reporting season, the games will repeat again..

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services. This segment also offers investment advice and portfolio management, estate and trust planning, and wealth structuring services for high net worth individuals. Its Global Corporate/Investment Banking segment provides project financing, overdrafts, trade financing, and deposit accounts; fee-based services, such as cash management and custodian services; and investment banking services, including financing solutions, syndicated loans and advisory services, corporate finance services for initial public offerings, secondary fund-raising, and takeovers and mergers, as well as customized and structured equity-linked financing services. It serves corporates, public sector, and small and medium enterprises. The company's Global Treasury and Markets segment is involved in the foreign exchange activities, money market operations, and fixed income and derivatives trading, as well as provision of structured treasury products and financial solutions. Its OCBC Wing Hang segment offers commercial banking, consumer financing, share brokerage, and insurance services. The company’s Insurance segment provides fund management services, and life and general insurance products. Its Others segment is involved in property and investment holding activities. As of May 7, 2018, the company operated a network of 590 branches and representative offices in 18 countries and regions. Oversea-Chinese Banking Corporation Limited was founded in 1912 and is headquartered in Singapore.

 DBS Group Holdings Ltd, an investment holding company, provides 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 for individual customers. The Institutional Banking segment provides financial services and products for bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium sized businesses. Its products and services comprise 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. The Treasury Markets segment is involved in structuring, market-making, and trading in a range of treasury products. The Others segment offers stock broking and Islamic banking services. The company operates approximately 280 branches across 18 markets. DBS Group Holdings Ltd was founded in 1968 and is headquartered in Singapore.

 United Overseas Bank Limited provides financial products and services. The company’s Group Retail segment provides deposits, insurance, card, wealth management, investment, and loan and trade financing products for personal and small enterprise customers. Its Group Wholesale Banking segment provides financing, trade, cash management, capital markets solutions, and advisory and treasury products and services. The company’s Global Markets segment offers foreign exchange, interest rate, credit, commodities, equities, and structured investment products; and manages funds and liquidity. Its Other segment provides investment management, property, and insurance services. The company has a network of approximately 500 offices in 19 countries and territories in the Asia Pacific, Europe, and North America. The company was formerly known as United Chinese Bank and changed its name to United Overseas Bank Limited in 1965. United Overseas Bank Limited was founded in 1935 and is headquartered in Singapore.