Downtrend stock counters

These are the few downtrend stock counters that could be seeing further selling down pressure!

Japfa
China Sunsine
DBS

Firstly, we take a look at Japfa.
After hitting the high of about 77 cents, it has succumbed to selling down pressure and continue to trend lower to close 62.5 cents today, this is rather bearish.

Short term wise, I think likely to revisit 60 cents . Breaking down of 60 cents with high volume that would be rather negative and may continue to slide down towards 50 cents level.


Similarly for China Sunsine, after hitting the high of $1.60+, it has since corrected sharply and continued to go down to touch $1.02 today and close at $1.04 . This is rather bearish!

Short term wise, i think it may likely revisit $1.00. Breaking down of $1.00 may likely see it prices heading lower towards 91 cents with extension to 82 cents.

Thirdly, for DBS it has broken down the recent low of $25.00 and continue to slide further down towards $24.41 today and close at $24.58 level. Looks rather negative and may likely continue to head lower to retest $24 with extension to $23.24 level.

Not a call to sell or buy.

Please do your own due diligence.

Singapore Saving Bond offer for October and Nov

Nov rate is out!
Looks attractive!
First year 1.8%, average for 10 years 2.48%.

Closing date of application : 26 Oct 2018.
It is now available for applying .

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

Closing date of application is on 25th September 9pm.

 First year interest is 1.74% & 10 year interest is about 2.42%. 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.

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. -