Singapore Shares Information

Sunday, July 8, 2018

DBS Bank

Looks like we may see a Gap Up/rebound situation after the selling down last Friday!

Likely to retest $26.00. Crossing over with ease + good volume that may continue to drive the price higher to 26.43 level.

Dividend of $1.20 is giving a yield of 4+% looks quite good .

Not s call to buy or sell.
Pls dyodd.

Downtrend prevail!
Looks like it may likely breaking down the recent low of $26.31 and slide down towards $26.00 which is also coincide with it's 200 days moving average.

Failing to hold on to this support level would be super Bearish!
I think
price could see further selling down pressure and continue to slide down towards 25.00 then 24.50 and below .

14 June 2018
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???

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

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.

Saturday, July 7, 2018

SingTel

As predicted, another Gap up happening on last Friday and close well at $3.23 with high volume, this is rather bullish.

Short term wise, I think it may likely move up to retest 3.30 then 3.35. Crossing over 3.35 with ease + high volume that may propel to drive the price higher towards $3.50 level.

Please do your own due diligence.

Trade/invest base on yiyo own decision.

5th July
SingTel after touching the low of $3.02 it has managed to stage a strong rebound and rises higher to close well at $3.16 level. Couple with high volume and the current price of 3.16 has managed to reclaimed its 20 days moving average at about $3.14 , this is rather positive.

MACD & Stoch is rising up nicely and may likely provide further indication that the share price may continue to rise further.

Short term wise, I may likely follow-through with another Gap up to take it above 3.20 then 3.30 with extension to 3.50 level.

Not a call to buy or sell.

Please do your own due diligence.

28th June 2018

Looks like we may see a replay of the same chart patterns being happened in 2012.
The price was being pushed down near closing yesterday to close lower than previous low of 3.10.

We may likely see the price moving up to reclaim $3.10 level and rises higher from the current level.
Yield is getting attractive now!
Please dyodd.

Are you loosing sleep with your SingTel invested share price keep heading lower?
The whole telco industry sector has been overly punished with the incoming of the 4th operator that may begin its operation on Dec 2018.

I think market has overly reacted and the price has been driven into oversold territories.

I think wise income investor may view this as a golden opportunity to slowly accumulate.

Plus point:

I think SingTel has a stronger balance sheet, stronger free cash flow and it pays out a fraction of its earnings as dividends to shareholders.

If the price on a good investment goes lower, I think it is presenting a good value .

Current price trading at $3.12 , Yield at 5.6% base on annual dividend of 17.5 cents.

It is looking rather attractive..

Not a call to buy or sell.

Please do your own due diligence.

23rd May 2018
SingTel - Chart wise, it is rather weak and may likely continue to trend lower.
The current price of $3.34 is staying below its 20,50,100 & 200 days moving average. This is rather bearish.

Short term wise, I think it may likely move down to retest the recent low of 3.30.

Breaking down of 3.30 with high volume that would be super bearish and may likely see it slide further down towards 3.19 with extension to 3.08.

Not a call to buy or sell.

Please do your own due diligence.

18 May 2018 - long time didn't see company buying back share ! Looks positive!

Today saw the company bought back 294000+ share between $3.42 to $3.43.

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=H1UR0B3BPABL4KB0&H=b2e5d5b80b08f4cc5d2922ce03a9263e1a932c75229c687d33fd403eb23c2132

Singtel posts record full-year earnings on NetLink Trust divestment and strong core business

Financial year ended 31 March 2018

 Record net profit of S$5.45 billion, including divestment gains from NetLink Trust  Operating revenue up 5% to S$17.53 billion

 Strong core and digital businesses drive growth

 Free cash flow up 18% to S$3.61 billion on strong operating cash flow

 Q4 revenue stable and net profit down 19% on weaker associates’ earnings

 Proposed final dividend per share of 10.7 cents; total dividend per share of 17.5 cents

DIVIDENDS

The Board is recommending a final ordinary dividend per share of 10.7 cents, bringing the total ordinary dividend per share for the year to 17.5 cents, representing a payout of approximately S$2.86 billion.

Barring unforeseen circumstances, the Group expects to maintain its ordinary dividends of 17.5 cents per share for the next two financial years and thereafter, will revert to the payout of between 60% and 75% of underlying net profit.

“These results reflect the strong execution of our digital transformation strategy in both our core and new digital businesses. Optus gained market share in Australia underscoring its network and content strategy while our ICT and digital businesses now account for 24% of revenue, with digital marketing arm Amobee achieving growth and positive EBITDA for the year,” said Ms Chua Sock Koong, Singtel Group CEO. “We remain focused on what is important to both our consumer and enterprise customers – premium mobile networks, secure high-speed connectivity, innovative products and services, and excellent customer service. Besides strengthening our competitiveness, this allows us to deliver even greater value to customers.”

Across the region, all of the Group’s regional associates continued to drive growth in data. However, Airtel’s results were impacted by intense competition with very aggressive pricing led by a new player and further aggravated by mandated cuts in mobile termination rates in India. This is despite recording its highest quarterly net customer adds and strong data usage growth in India, and continued positive growth momentum in Africa. Last month, Airtel announced the merger of Indus Towers and Bharti Infratel to create the largest tower company in the world outside of China, subject to regulatory and shareholder approvals. Telkomsel’s earnings were impacted by the decline in legacy services and heightened price competition particularly during the SIM card registration implementation. Profit contributions from AIS grew on revenue improvement and cost management. Globe also delivered strong earnings growth due to robust data revenue growth and cost control.

Competition remains intense in India but the right regulatory policies and sector consolidation should lead to a more stable market structure in the mid term. In Indonesia, Telkomsel Singapore Telecommunications Limited 2 of 8 Company registration number: 199201624D continues to expand its network to create significant capacity and grow its digital business.

To forge new areas of growth, we are accelerating collaborations with our regional associates to build an ecosystem of digital services by leveraging the Group’s strengths and customer base across 21 countries.” Recently announced initiatives include a cross-border payments service to connect the Group’s telco wallets in Asia, and strategic partnerships in the areas of e-payments, e-sports and sports content. The Group’s cash position remains strong.

Free cash flow for the full year rose 18% to S$3.61 billion, and for the quarter grew 5% to S$800 million.

GROUP CONSUMER

In Australia, Optus gained market share as it successfully differentiated itself through its network and content strategy. For the full year, it added a total of 384,000 new mobile customers and 225,000 new NBN broadband customers.

Revenue grew 3% in the quarter as higher equipment sales and strong customer growth offset lower NBN migration revenues due to NBN’s temporary suspension order while EBITDA declined 5%. Excluding NBN migration revenues, revenue would have grown 6% and EBITDA increased 3%. Mobile service revenue grew 1%, impacted by higher service credits. Postpaid ARPU was affected by an increased mix of SIM-only plans, higher device repayment credits and data price competition. Mass market fixed revenues excluding NBN migration revenues increased 6%.

In Singapore, for the quarter, consumer revenue was down 4% and EBITDA declined 14%. Mobile communications revenue was impacted by voice to data substitution, declines in roaming services and a higher mix of SIM-only plans.

The launch of premium handsets presented an opportunity to increase customer recontracting numbers, strengthen customer relationships and reduce churn. Around 18% of new and recontracting postpaid customers signed up for SIM-only plans during the quarter. Home revenues declined with the cessation of Premier League sublicensing and lower fixed voice usage but was partially mitigated by continued growth in broadband services.

Singtel relaunched its flagship store at Comcentre with state-of-the-art features and integration of online-offline channels to give customers greater ease of use.

In the content space, Group Consumer scored broadcasting rights for all the 2018 FIFA World Cup matches in Singapore and Australia. Optus also secured exclusive Premier League rights for three more seasons, solidifying its position as a leading multi-media entertainment company.

GROUP ENTERPRISE

Group Enterprise revenue was stable for the quarter as growth in ICT revenues offset the continued erosion of the carriage business. ICT services was boosted by strong contributions from cyber security and cloud services.

Cyber security revenue rose 16% on the back of strong growth in managed security services and momentum in the Asia Pacific region.

In Australia, Optus Business maintained its revenue momentum at 5% growth this quarter, driven by sustained growth in mobile revenue and major ICT contract wins.

GROUP DIGITAL LIFE

Group Digital Life continued to scale and make progress towards profitability. Revenue grew 54%1 for the quarter with EBITDA at breakeven, lifted by one-off content cost credit and government grants.

In my opinion, SingTel has again shown it ability to grow its business and total revenue for the Full Year rises 4.9% to 17,532m.

Underlying Net profit is down 7.8% ( excluding divestment gains) was 3,544m.

Underlying Net profit if included divestment gain of 1,908m , Up 42.2% to 5,451m.

What an outstanding result.

Not a call to buy or sell.

Please do your own due diligence.

Friday, July 6, 2018

Property counters

CityDev
UOL
Capitaland
Keppel Corp

Are you Greedy or Fearful?

Friday saw most of the property counters reacting strongly to the latest property cooling measures .
Most of the counters Gap down and didn't seems to recover.

For some , they are seeing this as a buying opportunity and accumulating some of these counters and waiting for a rebound to happen in the next few days time.
Who knows we may see a nice throw-back reaction come Monday.
Huat to those who has the gut and courage to see value during this market selling down period!

Not a call to buy or sell.

Please do your own due diligence.

Looking at the chart for these 4 counters, we can see there are having some kinds of similar reaction with a Gap down situation.

CityDev :

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 100 locations in 28 countries. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls. With a proven track record of over 50 years in real estate development, investment and management, CDL has developed over 40,000 homes and owns over 18 million square feet of lettable floor area globally. Its diversified land bank offers a solid development pipeline in Singapore as well as its key overseas markets of China, UK, Japan and Australia.

UOL:

UOL Group Limited, through its subsidiaries, primarily engages in property development and management, property investments, and hotel businesses. Its property development projects include residential units, office towers and shopping malls, and hotels and serviced suites. The company also owns and/or manages approximately 30 hotels under the Pan Pacific and PARKROYAL names in Asia, Oceania, and North America with approximately 10,000 rooms in its portfolio. In addition, it is involved in the rental of serviced suites, commercial offices, and retail malls; treasury services business; management of serviced suites; operation of restaurants; and management and operation of health and beauty retreats and facilities. Further, the company engages in the retail of computer hardware and software; property trading business; management and licensing of trademarks; retail management consultancy services business; and provision of information technology related products and services. UOL Group Limited has operations in Singapore, Australia, Vietnam, Malaysia, the People’s Republic of China, Myanmar, and the United Kingdom. The company was formerly known as United Overseas Land Limited and changed its name to UOL Group Limited in 2006. UOL Group Limited was founded in 1963 and is based in Singapore.

Capitaland:

I am looking for an opportunity to add this solid property counter at around 2.80 to 2.90 level.
dividend of 12 cents, yield of 4.08% looks pretty good!
NAV of $4.56, Price per book ration is about 0.66x.
PE of about 8x..
Looks pretty attractive to me!

CapitaLand Limited, together with its subsidiaries, develops, owns, and manages real estate properties in Singapore, China, other Asian countries, Europe, and internationally. The company operates through four segments: CapitaLand Singapore, CapitaLand China, CapitaLand Mall Asia, and Ascott. Its real estate portfolio includes integrated developments, shopping malls, serviced residences, offices, and homes. CapitaLand Limited also owns and manages real estate investment trusts and funds; invests in real estate financial products and assets; and provides investment advisory and management services, as well as management and consultancy services. The company was formerly known as Pidemco Land Limited and changed its name to CapitaLand Limited in November 2000. CapitaLand Limited was founded in 1989 and is headquartered in Singapore.

Keppel Corp:

Keppel Corporation Limited, an investment holding company, engages in the offshore and marine, property, and infrastructure businesses in Singapore, China, Brazil, other Far East and ASEAN countries, and internationally. It 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. The company is also involved in the trading and installation of hardware, industrial, marine, and building related products; 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, it 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. The company was incorporated in 1968 and is based in Singapore.

APAC Realty

Trailing EPS of 7.3 cents .
NAV of 39 cents.
PE of 7.93x base on current price of 58 cents .

Looks like value is surfacing for this counter to experience a Gap down from 78 cents and close 20 cents lower at 58 cents .

It is trading below it's IPO price of 66 cents .

Dividend of 2 cents.
Yield of 3.4%.

I think short term wise, we may likely see a throw-back scenario happening for this counter .

We will need to monitor and see whether the rebound is it able to hold up well.

Otherwise , I think market has overly reacted and offering us an opportunity to take a second look for this counter..

Looking at their 1Q2018 result, Net profit had increased from $4.03m to $5.92m.
EPS has risen from 1.3 cents to 1.67 cents.
Cash flow from ops is also pretty healthy.
Cash-on-hands is about $63.5m, zero debts, total no.of share is about 355.1m. Net cash per share is 17.8 cents.

Not a call to buy or sell.

Please do your own due diligence.

Company Description APAC Realty Limited, an investment holding company, provides real estate services in Singapore. It operates through three segments: Real Estate Brokerage Services; Franchise Arrangements; and Training, Valuation and Other Ancillary Services. The company offers property brokerage services for primary and secondary home sales, as well as for the rental of residential, commercial, and industrial properties under the ERA brand name. It also holds the ERA regional master franchise rights for 17 countries in the Asia Pacific; and franchise rights for Singapore for Coldwell Banker, a real estate office and franchising company in the United States. In addition, the company provides training programs and courses for real estate agents in preparation for professional certification exams; undertakes valuation works on behalf of clients, such as financial institutions, government agencies, and property owners; and provides management services for real estate developments. Further, it engages in the rental of properties, workstations, lockers, and furniture products; and provision of professional indemnity insurance, administration, and business conference services. The company was founded in 1982 and is headquartered in Singapore. APAC Realty Limited is a subsidiary of Asia Pacific Realty Holdings Ltd.

AEM

AEM has been driven into a super oversold territories. The share price after hitting all time high of $1.91, it has since corrected sharply and went down to touch the low of 97 cents .

Current share price of 98.5 cents is trading at a PE of less than 8x, looks rather undervalue.Trailing EPS of about 13 cents and cash-on-hands of about $42.8m ,Zero debts, net cash per share is about 16 cents .

Company is expected to make about $42.2m Gross profit for FY 2018.

Looks rather overly extended!
I think short term wise, we may likely see a rebound !

Not a call to buy or sell.

Please do your own due diligence.

AEM Holdings Ltd, an investment holding company, provides solutions in equipment systems; and precision components and related manufacturing services for various industries. It operates through Equipment Systems Solutions and Precision Component Solutions segments. The company provides high density modular test handlers, wafer handling systems, hot spot testers, and smartcard backend handlers for use in semiconductor, solar cell, and smartcard manufacturing facilities, as well as related tooling parts; and designs, develops, and manufactures precision engineering products, such as test sockets, device change kits, stiffeners, golden units, holding jigs, preventive maintenance kits, and precision mechanical assembly modules for use in the electronic, life science, instrumentation, and aerospace industries, as well as offers engineering services. It also engages in the research, development, and production of communications and industrial test solutions. The company offers its products through a network of sales offices, associates, and distributors in Asia, Europe, and the United States. AEM Holdings Ltd is headquartered in Singapore.

Thursday, July 5, 2018

SingTel

SingTel after touching the low of $3.02 it has managed to stage a strong rebound and rises higher to close well at $3.16 level. Couple with high volume and the current price of 3.16 has managed to reclaimed its 20 days moving average at about $3.14 , this is rather positive.

Plus point:

I think SingTel has a stronger balance sheet, stronger free cash flow and it pays out a fraction of its earnings as dividends to shareholders.

If the price on a good investment goes lower, I think it is presenting a good value .

Current price trading at $3.12 , Yield at 5.6% base on annual dividend of 17.5 cents.

It is looking rather attractive..

Not a call to buy or sell.

Please do your own due diligence.

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InvestingNote Interview

Sporeshare is one of InvestingNote’s most reputable member in IN Member’s Ranking with more than 1000+ followers, specialising in technical analysis. He owns a blog, http://sporeshare.blogspot.com. Till date, he has created many educational post and investment ideas and spurred discussions on InvestingNote platform. This is Episode 8.https://www.investingnote.com/posts/1041004 Tell us more about yourself and how did you get started in investing or trading? I would say is basically due to the launch of Singapore Telecom or SingTel IPO share for all Singaporean at a special offer price in Nov 1993. I started to apply and open an securities account with one the brokerage house and doing basically known as “tikam” investing - usually based on tips from broker or friends or colleagues. What type of trader or investor would you say you are? Swing trader. Based on the chart patterns presented at a particular point of time. A Swing trade can be a continual process and go into a Trend/Position trade at a longer term perspective. A bullish uptrend chart patterns may continue to rise further after taking a short pause/breather. Overtime, it may drag into a period of 3 to 6 months for a nice trading position. What are your best investment and worst investment since you started investing? The best investment would be Keppel Corp & Sembcorp Ind of which has been able to make a nice profit. We can always enter and exit the same counter several times and yet we are still able to make profit again and again. The worst investment would be Noble Group. Don’t fall in love with any counter. It is important to stick to your trading or investing plan and when the time has come to cut loss, we shouldn’t be hesitated to do it. It is also important to educate ourselves with basic Financial Analysis such as knowing the financial health of the company that we are dealing with. Do you have an idol in investing or trading? If so, what’s the most memorable teaching from them? I would say some of the IN users are very helpful in parting their investing knowledge and idea. Particularly, JeremyOwtaip & Turtle_Investor. I have been able to pick up some investing ideas from them. Do you have any rules to stock picking? Yes. For trading, I would not touch ultra-penny counter that is trading below S$0.20. Ideally, would be at least S$0.40 – S$0.50. In trading , we would enter a trade only when the market confirm the setup is being activated/triggered. Do not anticipate and wait till market to confirm your opinion . It is ok to be a little bit late in a trade, it is ultra important or assurance that your opinion is correct. Patience is key in trading in order to win the trade. Can you share with us what is your current portfolio allocation? I I am having 45% in equities, 15% in Bond and 40% cash. What do you think of the current market conditions in Singapore right now? Current market is being clouded by the trade war issue. Short term uncertainties is causing the market to be swayed more towards the Bear territories. STI has corrected from the High of 3600 to the current level of about 3100 – 3200 level. It is now hovering in a CRITCAL situation. If it not able to hold up well above 3100 level then it may likely go further down to test 3000 level . Unless, it is able to stage a strong recovery and rise above 3250 level in order to reverse this down trend. Which industry and sectors are you currently looking at and why? I am looking at Oil & Gas sector that has seen oil prices rises from below $20 to a high of $70 level. It is forecasting that oil prices may rise back to $100. Bullish on O&G sector. REITs counters may also form a good dividend income portfolio even during market uncertainties as it is able to continue to give out stable Distribution per unit. Not really affected much by rising interest rate hike.. Also Bank counter may benefit for an interest rate rising environment as their revenue rise in tandem. Feel free to visit my blog at https://sporeshare.blogspot.com/... What is your day to day strategy towards investing or trading? Do you implement a top-down or bottom-up approach for stock picking? Only trade when the trading opportunity arise. It applies to both approach. It is very important to work out your trading position / target for a particular counters by working out the Entry Price, Stop Loss price, Target Price, Position Sizing to work out the maximum no of share to buy in advance while waiting for the market to confirm your opinion. Do not trade without a proper plan.. How do you manage your portfolio, passively or actively and elaborate on it? You may keep track of your total portfolio either using a excel spreadsheet or by relying on the brokerage house trading system to manage your total no. of counters at any one time. If you can go back in time to change one mistake about your investing/trading journey, what would it be? For trading, be firmed in executing your stop loss strategy. Also don’t be too eager to take profit to early. Let your profit run. For Investing it is good to read up and educate yourself to know the basic financial analysis. Learn how to identify good company to invest . Pick those company/counter that you are familiar with their business. Buy only those counter that is trading below its Fair value etc.. Also what advice would you give to new traders or investors? It is very important to equip and educate ourselves with the Trading or investing knowledge. Don’t rely on tips! Ensure we have a proper plan in place whenever we enter a trade. Don’t speculate and trade without knowing what you are trying to achieve. – Sporeshare currently has more than 1,000 followers and provide many accurate stock estimates. Follow him to get the latest updates and educational posts on the Singapore stock market. For more juicy analysis and personal stories by other financial influencers,

How to work out Free Cash Flow

Let us work out the Free cash flow for StarHub base on their financial result for 2018.

As can be seen from their Cash Flow statement for FY2018, Ops cash flow after working capital changes is $446.6m.

FCF = $446.6m less CAPEX of $ 272.8m = $ 173.7m.

Dividend of about 9 cents (2.25 cents x 4) to be paid out for Y2019 is about 1,730,698,702 shares X $90 , which is about $155.76m.

It looks like the FCF of $173.7m less dividend of 9 cents to be paid in Y2019 of $155.76m,we have a positive FCF of $17.94m.

However, if we take a look at the Bank loan to be paid up in one year is $50.1m.

Therefore, I think the balance of FCF of 17.94 is not sufficient to cover the bank loan $50.1m beside the interest to be payable for the remaining bank loans + perpetual notes etc.

The group net debts level is quite high at 1.52x.

This is just my observation base on the financial figures being extracted from the FY2018 statement.

This is just for sharing and not a call to buy or sell for this counter.

It is good to do you own analysis.

Trading and Investing Idea

I happen to see these comments appearing on one of the forum and I think is a good way to share! Quote: The ability to LOON until the stock makes its U-Turn and come back up to erase all your paper loss is closely intertwined with the size of your reserve army. The bigger your reserve army, the stronger your ability to LOON. And the size of your reserve army is in turn tied to whether you did overtrade. When you trade with a cash account, once you have used up all your capital, you stop buying. You pay for your shares and sit out the rest of the downturn and patiently wait for the stock to find its bottom, U-Turn, and come back up to your entry price. That' s if you stop buying. But if you didnt stop buying...you continued to do contra trades after you ran out of capital, that' s overtrading. If the stock does not find its bottom and U-Turn within the contra period, you will have to cut and take the loss. When you trade with a CFD account, observe your one-third rule. Use the 1st one-third of your capital to open positions. Open wisely based on best prices under best conditions, not carelessly buy thinking that you still have two-thirds of your army. Treat your troops with respect. Treat them like they are your brothers. You wont risk your brothers' lives and send them on a suicide mission, will you? Ofcoz not. So when you start buying with your 1st one-third of your army, buy under best prices and best conditions using your indicators and doing the best you can. If wrong and your 1st one-third is stuck, you can do nothing and watch first. Wait for the selling to stop. Then use your 2nd one-third of your troops to nibble slowly to average down (or average up if you are SHORTing). Bear in mind that your 2nd one-third of your troops has another function --- to pay com and daily interest plus to buffer paper loss for your stuck positions. You should never touch your last one-third to average down (or up) when the market is still falling. You need that last one-third to give you that security blanket and confidence to weather out any further downside. It is this last one-third of your reserve army which enables you to sleep well each night and get on with your life. When the U-Turn comes, you can either do nothing and let the rising tide erase your paper loss first. When enough troops are converted from paper loss to Avaliable To Deal, you can use those converted troops to add more positions. Or if you are aggressive, you can use some of your last one-third of reserve troops to add more positions to ride on the recovery. How much of the last one-third reserve troops you can use --- there is no hard and fast rule. The more aggressive and more risk-seeking you are, the more you can use. The more conservative and more risk-averse you are, the lesser you can use. Or even not use at all. It all depends on your trading experience, your trading philosophy, your appetite for risk and your hunger for adventure. With that, I leave you with these quotations.... " A pessimist sees risks in times of certainty. An optimist sees opportunities in times of uncertainty." " Be fearful when others are greedy. Be greedy when others are fearful." " The best time to buy stocks is when there is blood-letting on the streets, even if it is your own blood." " When the enemy presents you with an opening, move in and penetrate immediately." Below is my comments: It only apply to Blue chips and the company fundamental is still ok. Cannot use it to apply any other counters and esp penny and ultra penny counter . Sometimes we didn't see them recover. So pls trade within your own financial means ! Do not borrow or on high margin to play stock .I think You may get into serious trouble .. trade with extra cautious!

STE ETF

I think good investing does not require too many fanciful ideas and strategies. Just one simple no-brainer strategy that can work effectively through time and allow us to sit back and relax to enjoyr the reward of the investment that is working effortlessly to achieve our investment goal of getting 8-10% gain( passive income). This simple strategy is to invest in a low cost ETF( Exchange Traded Fund) such as the STI ETF (ES3.SI) or NIKKO AM STI ETF(G3B.SI) This method of operation is to buy into STI ETF whenever it is in an oversold condition and to sell off and take profits whenever it is in an overbought condition. For example, one may use the indicator such as the Relative Strength Index (RSI) to determine overbought ( above 70 ) or oversold condition( below 30). One may plan to buy and selling of units in several batches whenever in oversold or overbought conditions in order to get the best average price. For example you may plan to buy in at different interval or whenever the Oversold situation happen . In any one year, there will be three to four such window opportunities of overbought or oversold conditions to operate by buying or selling units of the ETF. At the same time, we can also kept some units always to receive dividend income and for their long term growth in price appreciation. With discipline and patience , one should be able to get good average returns per year in excess of certain % by this one simple strategy of investing in one single ETF .I think This simple one strategy is safe and allow one to sleep soundly at night without worry of negative news affecting individual stocks in one's portfolio which could crash the share price of the particular stock the next day. This is because even if one or two of the component stocks in STI ETF of blue chips should collapse in share prices, there will be 28 others to diversify away the risk of the entire portfolio collapsing at anytime. As for younger folks who just started out working and does not have enough cashflows and savings , one may start to spread out the different batch of buying or applying the Dollar-cost-averaging method by investing $1000 at 6-8 different batches that would be able to achieve lower average costs per unit. the example are as follows:- 1. When the index price is $2.00, your $1000 will be able to buy 500 shares. 2. When the index price is $2.50, your $1000 will be able to buy 400 shares 3. When the index price is $2.90, your $1000 will be able to buy 344 shares 4. When the index price is $1.66, your $1000 will be able to buy 625 shares 5. When the index price is $3.00, your $1000 will be able to buy 333 shares 6. When the index price is $3.20, your $1000 will be able to buy 312 shares 7. When the index price is $3.50, your $1000 will be able to buy 285 shares Total = $7000 / 2799 shares = $ 2.50 average cost per unit. By using this method, you will be able to make a profit once the stock market rises above this low average price. RSP : Just sharing. Not a call to buy or sell. Please do your own due diligence.

Opening of a Security Trading Account

Opening of a Security Trading Account

Any member of the public who wishes to trade/buy any stock counters listed on the Singapore Exchange will need to open a Brokerage trading securities account with any of the registered Securities Brokering Companies in Singapore.

Once the member has successfully registered their trading account with the registered Securities Brokering Company in Singapore they will then be issued with the approve Trading securities account number to perform trading of share /stock counter on Singapore Exchange(SGX).

This Trading securities account number will then be linked to their CDP (The Central Depository) account number for the settlement of their payment/deposit and withdrawal of securities etc.

Brokerage fees:

Generally the brokerage fees for example for trding via online are as follows :

Contract Size	Rates*	Effective Rates* (Less 3 to 5% Mileage)
Minimum $25		$23.75
Up to $50,000	0.28%	0.266%
> $50,000 - $100,000	0.22%	0.209%
> $100,000	0.18%	0.171%

For more details kindly refer to my blog post - Opening of a Security Trading Account

Corporate bonds

Corporate Bonds

The recent stock market volatility may be a good time for investor to consider a perpetual bond that provide good decent yields from a high quality issuers which currently offers yields of between 3.8% to 5.25 % per annum. Payable half yearly.

With fairly guidance from the Federal Reserve despite the first rate hike in nearly 10 years,interest rates (and bank deposit rates) have not been rising as quickly as investors may have liked. For those looking for a decent level of yield from a high quality issuer, the perpetual bonds issued by the above-mentioned issuers may be an option to lock in for defensive play/fixed income yield.

For more details kindly check this out on Bond counters

Swing Trading & Position Trading

Swing Trading

Swing Trading are for those prefer to do a contra trade lasting for a short period of 1-6 days.

It can be applicable for both Long & Short trade.

The example is as follow:

1. To Long a Swing Trade using breaking out strategy. Trader would have scanned and done his or her homework at least one day in advance for the Swing trade to be confirmed by the Market.

Let say a particular counter A is having a nice uptrend mode chart patterns. And it is going to retest its Resistance level at $1.00. Once it has managed to walk through $1.00 smoothly + good volume & other indicators are also bullish, then a trade will be entered at either $1.00 or $1.01.

The Swing Trading plan is as follow:

EP 1.00
SL 0.95
TP 1.08-1.14

Position Trading may last for several weeks or several months .

A trader may use its initial fund to buy on 50% for this counter B.
A nice breaking out is happening. He or she entered at a specific price using 50% allocation of its fund for the initial purchase.
Subsequently, when the 2nd breaking out is happening, another 30% of its fund would be used to average Up the same counter again.

Finally, the last 20% is being deployed when the 3rd breaking out moment is happening.

The trader may choose to exit when the uptrend mode has been disrupted or weaken and he or she may choose to exit this trade.

Not a call to buy or sell.

The above examples are solely for educational or illustration. And is not meant for any recommendation/advice for any trading.

Pls dyodd.

Contracts for difference (CFD)

Contracts for difference (CFDs) provide a flexible way to trade on the price movements of thousands of global financial products such as Shares, indices, commodities, Forex /foreign curriencies etc.

When you trade using CFDs, you don’t buy or sell the underlying asset (e.g. a physical share), you buy or sell a number of units, depending on whether you think a product’s price will go up or down. For every point the price moves in your favour, you gain multiples of the number of units you have bought or sold. For every point the price moves against you, you will make a loss. Please remember this loss can exceed your deposits.

Some of the benefits of CFD trading are that you can trade on margin, you can go short (sell) if you think the price will go down, and you can use CFDs to hedge an existing physical portfolio.

For more details kindly refer to my blog post - Contracts for difference(CFD)

Position Sizing or how much share to buy

Position Sizing - it plays an important role of protecting the trader for being over exposed to a particular trade by minimizing the risk .

The percentage (%) of risk can be measure in terms of 1-5 or 6-10 % that you can afford to loss for each trade.

How to work out the maximum quantity for each trade that depends of each an individual risk tolerance level.

For example, person A can only tolerate a loss of 3% for each trade.

Let's say he has $10000 as capital. 3% risk appetite.

The formula is roughly as follow:-

10000 x 3% ( risk per trade - 1-10%)
--------------------------------------------
Entry Price less Cut Loss price

= 300
--------------------------
$1.00(EP) - $0.95(SL)

300
= ------- = 6000 share.
0.05

Person A capital for his /her trade is 6000 x $1.00 = $6000

For example , person B risk appetite is 5%.

let's say he or she has $12000 as capital , 5% risk exposure.

The formula is roughly as follows:-

12000 x 5% (% risk per trade)
-------------------------------------
$1.10(EP) less $1.01(SL)

600
= ---------
0.09

= 6600 share.

Person B, he/she capital for this trade would be 6600 x $1.10 = $7260

The above example is meant for educational illustration and is not an advice or recommendation for any particular stock trading.

Pls dyodd.

STOCK METRICS SELECTION

How to work out the current Earning yields?

Current Earnings yield = Diluted EPS / share price (range)

If we take the below example ..

Diluted EPS is 0.0456. Share price is 72-82 cents ) ,we shall use 82 cents as the highest price for calculating the current Earnings yield

Current Earnings yield = 0.0456 / 0.82 = 0.055 x 100% = 5.5%

I think it is suitable to be applied on any stocks using the current earnings yield. And once you worked that out for a few stocks you are comparing which to invest, you can decide based on all their current earnings yield whether which stock is higher in current earnings yield and also whether the fundamentals will support the growth of EPS at high compounded rate of growth or not resulting in the increase in earnings yield

For example, for illustration purposes. let's say the current earnings yield of ABC company is 5% based on the price you paid to buy it's shares. It is able to double it's EPS in 5 years time. Then you will be having a future earnings yield of 10% on your initial investment in ABC company. A 10% earnings yield is quite good already. And if the company can continue to double it's EPS again for another 5 more years, then the future earnings yield after 10 years will be 20% on your initial investment

And even if the company cannot grow meaningfully anymore after 10 years and just grow their EPS at a terminal growth rate of 3% thereafter in line with inflation cost, the company may now become a mature stalwart giving out a high dividend payout. At a high dividend payout ratio of 75% while only remaining 25% of earnings to be retained for some maintenance capex, the dividend yield in future for this illustrated example will be 15%. And maybe the share price would have also grown in line with the EPS growth and perhaps also quadrupled. Thus, one will be getting a multi bagger stock plus a decent high dividend yield of 15% after 10 years

What if the EPS decline instead of growing?

That's why we want the growth prospects to be visible, the more visible the better. If any drop in eps, we have to gauge whether it is temporary or permanent. That is why we need to also constantly monitor the fundamentals of the business. If permanent deterioration in business fundamentals, we may consider to exit the investment

INVESTMENT STOCK METRICS

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

Below is the investment method./strategy that has worked well for me so far. I will only add to my position if the share price has dropped about 10% lower than my average holding price or recently added price. If the fall is less than that usually I will just sit on the shares and do nothing. This is assuming the fundamentals of the underlying business has not changed.

For others , you may also consider to have a bigger percentage of more than 10%, may be 15-20% if this works well for you.

I suppose this kind of disciplined approach also works for a non-leveraged portfolio. A 10% drop before adding on to position is reasonable especially if the shares were recently bought in and the value investor has already done his due diligence to buy in at a sensible fair price.

Usually, it is difficult for share prices of a fundamentally good business with strong growth prospects to drop by too large a magnitude.

If share price drops more than 10% from one's average holding price, then the investor must really ask the critical question whether his average holding price was bought too high due to him making a wrong assessment of the business's fair share price he has entered? Or is it suggestive that a bear market is coming and a lot of other shares have also fallen by at least 10% off their recent highest price reached and prices seem to display even more falling momentum? Or is there something inherently wrong with the fundamentals of the business that the investor did not pick up in his initial assessment before he entered the stock? Or is it a temporary issue that the business is facing which will cause a temporary deterioration in business fundamentals but it should recover in due time.

Below are the list of counters that I am monitoring:

NOT A CALL TO BUY or sell.

Please do your due diligence.

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

During times of volatility, seasoned investors has to practice staying calm and stick to the basics instead on being overdue panic.

Please do you own due diligence.