Genting Sing

Looking at the chart we can notice that the Supply has more or less exhausted with the indication of the super wide Volume bar reflected in RED.

The volume bar has generally turned lower.

 The Demand started to come in with the indication of the stronger buying interest accompany with the super wide Volume bar in GREEN .

 This seems that the ACCUMULATION process is on going.

 Once BB has collected with sufficient amount of share, we can witness that the price had started to breakout of the Accumulation zone and rises higher.


 Genting Sing had a nice white thrust bar appeared on the chart today couple with high volume. This is rather positive. A nice Breaking out of the hurdle/accumulation zone at $1.10, this is super bullish!

Short term wise, it may likely re-attempt $1.14 the immediate Resistance. Breaking out with ease + high volume that may propel to drive the price higher towards $1.22,next $1.25.

Not a call to buy or sell.

Please do your own due diligence.


Genting Singapore Limited, an investment holding company, engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, and entertainment facilities. The company primarily owns Resorts World Sentosa, a destination resort, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore Theme Park, MICE facilities, hotels, Michelin starred restaurants, and specialty retail outlets. It is also involved in the operation of casinos; and provision of sales and marketing support services to leisure and hospitality related businesses, as well as in the investment activities. Genting Singapore Limited was incorporated in 1984 and is headquartered in Singapore. Genting Singapore Limited is a subsidiary of Genting Overseas Holdings Limited.

Centurion

From TA point of view,it is rather bearish ! The company director keeps buying back share from 55 to 42 cents yet the price still continue to head further South! It seems that Bear is still in control!

Short term wise, it may continue to head lower. This reminds me of YZJ, the price keeps falling when the company keeps buying back share. The same scenario is being played out now on this counter.


Immediate support is at 40 cents. Breaking down of this level may see it's price slide further down towards 35 with extension to 30 cents. 

NAV $0.557
Dividend of 2 cents.
Yield is 4.5%

Not a call to buy or sell.

 Please do your own due diligence.


Centurion Corporation Limited, an investment holding company, develops, owns, and manages workers and students accommodation assets in Singapore, the United Kingdom, Malaysia, Australia, and internationally. The company conducts its operations through Workers Accommodation, Student Accommodation, and Others segments. It offers dormitory accommodation and services for workers; and accommodation and services for students. As of December 31, 2017, the company owned and managed a portfolio of 26 operational accommodation assets comprising 55,148 beds. It also manufactures and sells optical discs and related data storage products. In addition, the company offers laundry and dry cleaning; management; utilities and transportation; fund management; and trustee services. Further, it is involved in property investment activates. The company was founded in 1981 and is headquartered in Singapore. Centurion Corporation Limited is a subsidiary of Centurion Properties Pte Ltd.

ThaiBev & YZJ - ACCUMULATION Zone

YZJ - Looking at the chart we can notice that the Supply has more or less exhausted with the indication of the super wide Volume bar reflected in RED. The volume bar has generally turned lower.


The Demand started to come in with the indication of the stronger buying interest accompany with the super wide Volume bar in GREEN . This seems that the ACCUMULATION process is on going.
Once BB has collected with sufficient amount of share, we can witness that the price had started to breakout of the Accumulation zone and rises higher.

ThaiBev - Looks like the similar scenario is happening over at this counter and we would see that the Supply has more or less exhausted with the indication of the super wide Volume bar reflected in RED. The volume bar has generally turned lower.


Hopefully , we can see Demand increases and price can breakout of the Accumulation zone in the near future!

Not a call to buy or sell.

Please do your own due diligence.

Trade / invest base on your own decision.

Food empire

From TA point of view, looks rather a positive sign as we have wintessed the Bullish pin bar being presented on the chart a few days ago after touching the lower portion of the Bollinger Bands and price has bounce off and risen above this Bullish Pin bar, looks rather bullish !

A bullish pin bar is an indication that the Bull is able to take control of the selling down pressure and emerge stronger!

Short term wise, it has been driven into oversold territories and seems that under value is surfacing for this Coffee powders maker + distributor.
Trading at PE less than 12x, I think a reasonable PE of 83 cents could be mase possible .

Not a call to buy or sell.
Pls dyodd.


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. -

PWLife REITs

Price has come down again after my previous post .


The current price of $2.67 is still trading at historical high.

Yield at current price is 5.00%.

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

Breaking down of $2.64 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.

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.