Noble Group

After touching the low of 5 cents on 13th June 2018, it has since experiencing a nice rebound as being seen with a Beautiful run-away Gap up happening on 21 June & 22 June 2018.This is rather impressive!

This morning the price has hit the level of 10.7 cents + volume is quite high.

I think this Bullish momentum may drive the price higher. Short term wise, I think it may move up to revisit 15 cents.

 NAV of 60+ cents.

 P/B is 0.171.

Negative EPS.

 I think most probably for hit & run strategy. Not a call to buy or sell.

Please do your own due diligence.

Noble Group Limited, an investment holding company, provides supply chain management services. It offers logistics and transportation, price risk management and hedging, processing and blending, and structured and trade financing solutions. The company operates through Energy; and Metals, Minerals and Ores segments. The Energy segment trades in energy coal and provides supply chain and risk management services in bituminous and sub-bituminous energy coal, as well as in seaborne LNG. The Metals, Minerals and Ores segment trades in and provides supply chain management services in copper, zinc, lead, nickel, and other raw materials, as well as aluminum, alumina, and bauxite; trades in and provides risk management and logistics services for the steel complex in iron ore, metallurgical coal, metallurgical coke, and specialty ores and alloys; and offers ocean transport in the dry bulk segment, long term freight solutions, and freight market guidance. The company was founded in 1987 and is headquartered in London, the United Kingdom.

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.