CapitaComm Trust investing idea

quote from our value investor : @Jeremyowtaip

For fundamentally good stocks, the more they suffer a fall in price due to worrying macroeconomic environment or temporary challenges specific to the underlying business, the more attractive it is. I have went through so many rounds of these same situations. And the way to operate is just to buy when the price keeps falling lower and lower. The crux is to spread out one's funds into several batches and buy only when price falls by at least 10% to 15% each time from the previous bought in price. No need to side guess where the price is heading next day, next week or next month. As long as price drops to the next buy in level, just buy one more batch. And keep doing this. This will lower one's average cost in the shares while building up one's position at the same time in the same shares of the fundamentally good business.

And if one has holding power and time, the fundamentally good stock will almost 100% of the time recover and make profits for the investor. I have operated in this way and has never made any losses before in any of the stocks I have first picked and entered over the past decade of my investing journey. As such, I can say it is 100% effective as I have never made any losses on any stocks I picked operating in this manner backtested with a decade of investing experience in several stocks I have operated like this. In fact, some of the stocks in my existing portfolio were bought and held over the past decade without selling a single share but just keep buying and accumulating whenever prices fall. And the share price has already gained in terms of good paper profits. One example is CapitaCommercial Trust which I am currently up by about 83% above my average holding price and having a dividend yield on cost of about 10%. I practise a buy-and-hold method and has not sold any single units of it over the past decade.

This buy-and-hold method works for a non-leveraged portfolio because the investor has holding power and does not run into any liquidity problem holding through the fall in share price of the vested stocks. However, for a leveraged portfolio, the investor must exercise careful judgment when using such operation method. It is not that this method of buying and building positions on falling prices cannot work in a leveraged portfolio. But, the investor working on applying leverage must realise that there is always a risk of margin call and he is not able to predict how low his leveraged portfolio value will fall especially in a bear market to trigger margin calls and force closing of his positions.

Therefore, buy-and-hold can work for fundamentally good stocks to make reasonable to good returns for the investor who can accumulate large positions while lowering his average cost in the good stocks capitalising on the occasional opportunities of falling prices. There should not be any fear of falling prices if the buy-and-hold investor is not using leverage since he can continue to buy and hold through falling prices for future recovery in share prices.

However, if using leverage, the investor must protect his leveraged portfolio from extreme price volatility swings which may hit margin calls and force selling. A buy-and-hold strategy can still work for a leveraged portfolio. But the user of leverage must be careful not to over leverage to operate always with a sufficient buffer to protect against margin calls and force closing of positions due to potential of extreme price volatilities especially in a falling bear market.

Trailing EPS of 14.5 cents.
Net Asset Value : $1.838.
DPU of 8.4 cents.
Yield of 4.74%
P/B 0.963.
Gearing 32.3%
Current price of $1.77.

DPu seems to be dropping..

Yield at current level of 4.74% seems to be a little bit low for Reits counter..
I would patiently wait for it to go back to min 5.5% that is about $1.525 price level.

Not a call to buy or sell.
Pls dyodd.



CapitaLand Commercial Trust is Singapore’s first and largest commercial REIT with a market capitalisation of approximately S$6.6 billion. CCT aims to own and invest in real estate and real estate-related assets which are income producing and predominantly used, for commercial purposes. CCT’s deposited property is approximately S$11.6 billion as at 30 June 2018 comprising a portfolio of 10 prime commercial properties in Singapore and one property in Frankfurt, Germany acquired on 18 June 2018. The properties in Singapore are Capital Tower, CapitaGreen, Asia Square Tower 2, Six Battery Road, Raffles City (60.0% interest through RCS Trust), One George Street (50% interest through OGS LLP), HSBC Building, Twenty Anson, Bugis Village and CapitaSpring (45% interest through Glory Office Trust and Glory SR Trust), an upcoming 51-storey integrated development in Raffles Place. The property in the Banking District of Frankfurt, Germany is Gallileo (94.9% interest). CCT has been a constituent of FTSE4Good Index Series (FTSE4Good), a series of benchmark and tradable indices derived from the globally recognised FTSE Global Equity Index Series. FTSE4Good is designed to track the performance of companies meeting international corporate responsibility standards and forms the basis for over 70 different funds and investment products. CCT is also a constituent of other widely recognised benchmark indices such as MSCI, the SGX Sustainability Index and FTSE Straits Times Index. CCT is managed by an external manager, CapitaLand Commercial Trust Management Limited, which is an indirect wholly owned subsidiary of CapitaLand Limited, one of Asia’s largest real estate companies headquartered and listed in Singapore.

Food empire

Half year EPS of US$0.0176 , let's say full year EPS of US$0.0362 = S$0.046. Trading at PE 11.5x base on today closing price of 54 cents, zero debts, I think undervalue is surfacing!


I have added a bit at 55 cents yesterday.

I think a few days ago,  Directo has purchased back some share.


I remember Super Group was bring brought over at PE 32x for $1.30 or $1.32 . I think EPS is about 4+ cents.

I think a reasonable PE of 18x that is $0.83 might be available.


Not a call to buy or sell.

Please do your own due diligence.

Food Empire’s 1H2018 revenue jumps 12.9% with higher gross margin of 39.5%


  Increase in revenue and gross profit to US$141.5 million and US$55.9 million respectively driven by sales volume growth in the Group’s key markets

 Net profit after tax was flat at US$9.4 million due to higher selling and administrative expenses, higher manpower cost and exchange loss  Group to continue its focus on new product launches and market diversification efforts going forward .

Gross profit was US$55.9 million, up US$7.5 million or 15.5% as compared to prior corresponding period. Similarly, gross profit margin improved by 90 bps, from 38.6% in 1H2017 to 39.5% in 1H2018.

 In  line  with  the  growth  in  sales,  selling  and  distribution  expenses  also  increased  by  US$5.0 million  or  26.2%  from  US$19.3  million  in  1H2017  to  US$24.3  million  in  1H2018.

  This  was mainly  attributable  to  higher  advertising  and  promotion  expenses  coupled  with  higher manpower  cost.

During  the  period  under  review,  the  Group  recorded  a  foreign  exchange  loss  of  US$1.6 million  in  1H2018  as  compared  to  a  foreign  exchange  gain  of  US$1.0  million  in  1H2017.

 As the  Group  is  economically  exposed  to  different  markets,  it  will  be  affected  by  the  fluctuation in  currencies  against  the  US  dollar.

Pursuant  to  the  above,  the  Group‘s  net  profit  after  tax  for  1H2018  was  flat  at  US$9.4  million.   As  at  30  June  2018,  the  Group’s  balance  sheet  remained  healthy  with  cash  and  cash equivalents  amounting  to  US$41.8  million.

   Commenting  on  the  Group’s  results,  Mr.  Tan  Wang  Cheow,  Executive  Chairman  of  Food Empire  said,  “The  Group  continues  to  perform  well  with  growth  registered  in  our  major geographical  markets  of  exposure.  Going  forward,  the  Group  strives  to  continue  with brand  building,  new  product  launches  and  market  diversification  efforts  so  as  to derive  new  avenues  for  top-line  growth  and  secure  better  value  for  shareholders.” Outlook Other  than  product  innovations  and  ongoing  promotional  activities  directed  at  enhancing brand  equity,  expansion  of  markets  into  new  geographical  regions  outside  that  of  its  core operations  remains  a  key  focal  area  for  the  Group.  Specifically  in  February  2018,  the  Group announced  plans  to  open  its  second  Instant  Coffee  processing  facility  in  Andhra  Pradesh, India.  This  venture,  with  the  support  of  Enterprise  Singapore  and  the  Government  of  Andhra Pradesh,  is  slated  to  complete  in  2020.  Upon  commencement,  it  should  provide  the  Group with  further  growth  prospects. -

SSB - Safe Haven Bond

Result is out!
Almost all fully alloted Max.
Maximum $45,500.
Minimum $45,000.
Average interest for 10 years is 2.44%.
Huat ah!

This month offering is 1.75% for 1st year interest.
10 years interest is 2.97%.

Not bad ! Back by government.

Total size offering increased to $300m. Huat ah!

Closing date/time is 28th Aug 2018 9pm.

This month offer is the highest for 1st year interest at 1.78%.
All Huat together!

2nd year interest 2.16%. looks like it is getting higher, a good form of saving for those preferred safe and secure saving.

Offer size 250m.
Closing date 26th July 2018 9pm.

The Singapore Saving Bond : The monthly issuance size of the SSB Programme has been increased to $250m from this month .

 GX 180070N : available for applying from 1st June 9am to 26 th June before 9pm.

 Result will be made known after 27th June .

 Applicant may apply via Internet banking from the 3 local banks such as DBS,Uob & OCBC .

 First year interest is 1.72% & 10 year interest is about 3.41%. You may refer to the table below ;

 Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.

 Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change.

 This makes them one of the safest possible investments for individuals to hold.

 Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%. Flexible : Or, choose to exit your investment in any given month, with no penalties.

There is no need to decide on a specific investment period at the start.

Before you Apply: You will need: A bank account with DBS/POSB, OCBC or UOB. Visit any of the three local banks’ branches in Singapore to open a bank account.

 An individual CDP Securities account linked to any of your bank accounts through direct crediting service (DCS). CDP is the custodian for Savings Bonds and will process applications, interest payments and redemptions. Visit CDP's webpage for information on opening your CDP Securities account.

 $2 transaction fee A non-refundable transaction fee will be charged by the bank for each application request.

After you have Apply: MAS will allot the new Savings Bond among applicants on the 3rd last business day of the month (called the "Allotment Day")You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account.

 The application results will be available on the Announcements page after 3.00pm on Allotment Day. Should the total amount of applications exceed the amount on offer in a particular month, you may not get the full amount you applied for (why not?). The excess cash will be refunded to you by the end of the 2nd last business day of the month.

Savings Bonds will be issued on the 1st business day of the following month. You will be notified by CDP via mail of the amount of Savings Bonds allotted to you. You can also check your holdings online through the CDP Internet service or by calling CDP at 6535-7511.

 Received your interest : You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account. Interest will be paid every six months after that, on the 1st business day of the month. The interest payments will be reflected in your CDP statements. When your bond matures Each Savings Bond has a term of ten years. At the end of ten years, your principal and the last interest payment will be automatically credited to your DCS bank account.

You do not need to take any action, and the $2 transaction fee is not applicable in this instance. Redeeming early You can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early. To redeem your bond: Submit your redemption requests through the DBS/POSB, OCBC or UOB ATMs, or Internet Banking portals. Redeem in multiples of $500 up to the amount you have invested for each bond. You can redeem more than one bond per month. A $2 transaction fee will apply for each redemption request. Please note that you will not be able to amend or cancel submitted redemption requests.

The redemption period opens at 6pm on the 1st business day of each month and closes at 9pm on the 4th last business day of the month. Redemption proceeds will be paid by the end of the 2nd business day of the following month. Will I receive any interest?  Savings Bonds pay interest every 6 months.

If you redeem your bond when there is a scheduled interest payment, you will receive the scheduled interest together with your redemption amount. If you redeem before the scheduled interest is paid, you will receive a pro-rated amount, called the accrued interest, which is the interest you have earned but have not been paid.

My Trading plan for ThaiBev

My Trading plan for ThaiBev is as follows:-

 I would only take action to Long if it is able to cross over 66 cents decisively.

 First Target price would be 70 cents follow-by next target price of 72 cents.

 Don't be greedy! As we are trying to ride on the counter trend reaction. Whether will it be able to sustain after this move, it would be very much depends on market direction.


 My Stop Loss price would be at 63 cents.

 My max no. of unit to Buy would be 16,600 share.

 Not a call to buy or sell.

 Please do your own due diligence.

Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand and internationally. The company operates through Spirits, Beer, Non-Alcoholic Beverages, and Food segments. It offers liquor and beer products; spirits, including brown spirits, white spirits, herbs, and other products; and non-alcoholic beverages comprising drinking and soda water, electrolyte beverages, energy drinks, green and herbal tea, ready-to-drink coffee, carbonated soft drinks, isotonics, soya drinks, Asian and sparkling drinks, coconut water, cordials, pasteurized milk, UHT milk, sterilized milk, yoghurt, canned milk, pasteurized juice, ready-to-drink juice, ice cream, and cereal bars. The company also provides chilled and frozen food products, and snack products; and oak barrels, light construction bricks, fertilizers, animal feed and supplementary animal feed, etc. In addition, it engages in the operation of Japanese restaurants, bakeries, and social enterprise; production and distribution of biogas; trading of molasses; and the provision of advertising agency, marketing, training, consultancy, asset and brands management, transportation and distribution, procurement, and human resources and organization development services. Further, the company is involved in the trading of bottles and supplies; distribution of beverages; and production of plastic packaging and related businesses. Thai Beverage Public Company Limited was founded in 2003 and is based in Bangkok, Thailand.

ThaiBev

I think BB heard what we are expecting for a rebound from the current price level of 64 cents.

 I think it will be good to wait for market confirmation before jumping on the bangawon.

 Nobody knows what would be the next move from BB.


 Don't follow the crowd/noises shouting I have long for this counter that it is about time to go Up.

 Is ultra important to have your own plan. It is very risky to trade against the Trend. As we are expecting a counter trend movement.

 It will take a harder perspective to go up.


 The crucial level to watch is if the recent low of 63.5 cents will it be broken down. Breaking down with high volume that would be rather bearish and may see it slide further down towards 61 cents then 59 cents with extension to 55 cents. Not a call to buy or sell. Please do your own due diligence.

NAV of 20.04 cents.
Trailing EPS of about 3.4 cents.
PE of about 19x.
I think Doesn't look cheap at this level.


Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand and internationally. The company operates through Spirits, Beer, Non-Alcoholic Beverages, and Food segments. It offers liquor and beer products; spirits, including brown spirits, white spirits, herbs, and other products; and non-alcoholic beverages comprising drinking and soda water, electrolyte beverages, energy drinks, green and herbal tea, ready-to-drink coffee, carbonated soft drinks, isotonics, soya drinks, Asian and sparkling drinks, coconut water, cordials, pasteurized milk, UHT milk, sterilized milk, yoghurt, canned milk, pasteurized juice, ready-to-drink juice, ice cream, and cereal bars. The company also provides chilled and frozen food products, and snack products; and oak barrels, light construction bricks, fertilizers, animal feed and supplementary animal feed, etc. In addition, it engages in the operation of Japanese restaurants, bakeries, and social enterprise; production and distribution of biogas; trading of molasses; and the provision of advertising agency, marketing, training, consultancy, asset and brands management, transportation and distribution, procurement, and human resources and organization development services. Further, the company is involved in the trading of bottles and supplies; distribution of beverages; and production of plastic packaging and related businesses. Thai Beverage Public Company Limited was founded in 2003 and is based in Bangkok, Thailand.

SingTel

Last Thursday we had witnessed the beautiful Gap up moment and closed well at $3.28.

The volume was super high this signigfy that fund are buying.

The next day we had profit taking setting in which is quite normal.


We would like to ride on this bullish wide candlestick and continue to resume this Uptrend momentum.

Short term wise, likely to see it re-attempt $3.31 then $3.35.

Breaking out of $3.35 smoothly + good volume that may propel to drive the price higher towards $3.40 with extension to 3.50 level.

Not a call to buy or sell.

Pls dyodd.

Recent new:
ACQUISITION OF CERTAIN ASSETS OF VIDEOLOGY, INC. AND ITS SUBSIDIARIES.

http://infopub.sgx.com/FileOpen/20180823-Singtel%20Videology.ashx?App=Announcement&FileID=522507




Singapore Telecommunications Limited provides a portfolio of communication and technology, and infotainment services to consumers and businesses in Asia, Australia, and Africa. It operates through three segments: Group Consumer, Group Enterprise, and Group Digital Life. The Group Consumer segment engages in the carriage business, including mobile, pay TV, fixed broadband, and voice, as well as equipment sales. The Group Enterprise segment offers mobile, equipment sales, fixed voice and data, managed, cloud computing, cyber security, and IT and professional consulting services. The Group Digital Life segment is involved in the digital marketing, regional OTT video, and advanced analytics and intelligence businesses. The company also operates a venture capital fund that focuses its investments on technologies and solutions; and offers ICT solutions and marketing technology services. In addition, it offers inSing.com that provides hyper-local content, user reviews, and editorials, as well as business or service information; and Trustwave that enables businesses fight cybercrime, protect data, and reduce security risk. The company is headquartered in Singapore.