SingTel

This Telco has a well-diversified portfolio with 50 percent of pre-tax profits coming from regional associates. Its indicative dividend yield also looks attractive at 5.6 percent base on closing price of $3.15.


 Furthermore, consensus expects earnings to rebound by FY2020 driven by potential earnings recovery of its Indian associate Bharti Airtel .

 Singtel has been showing significant recovery since hitting its low of $3.02. Friday it has a nice breaking out moment to conquer the Resistance at $3.13 level and close well at $3.15.


Volume has slightly pick-up which is quite positive.

 Likely to move up to fill up the Gap at $3.17 and rises higher to retest $3.20 then $3.25 with extension to $3.35 level.

 Not a call to buy or sell.

 Please do your own due diligence.


 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.

KrisEnergy

On 12th September 2018, we had witnessed the nice breaking out movement of 9.7 cents and close well at 10.8 cents. It has broken out of the consolidated zone of 8.6 cents to 9.7 cents, this is rather bullish!

We would like to take advantage of this white thrust bar /beautiful white soldier presented on the chart to ride on this bullish momentum to re-visit 11.1 cents then 11.8 cents with extension to 12 cents and above.


Do take note that this an ultra penny counter. It would be good to take extra cautious when dealing with this kind of counter.

Not a call to buy or sell.

Please do your own due diligence.



KrisEnergy Ltd., an independent upstream company, focuses on the exploration, development, and production of oil and gas in Southeast Asia. The company holds working interests in four producing oil and/or gas fields, including three oil and/or gas fields in the Gulf of Thailand and one oil and/or gas field in onshore Bangladesh. It also participates in 13 blocks in various stages of development, appraisal, and exploration in Bangladesh, Cambodia, Indonesia, Thailand, and Vietnam. In addition, the company is involved in the charter and sub-charter of mobile offshore production unit; and provision of management support services. The company was formerly known as KrisEnergy Holdings II Ltd. and changed its name to KrisEnergy Ltd. in July 2012. KrisEnergy Ltd. was founded in 2009 and is based in Singapore.

Sembcorp Marine

On 10th September 2018 , we had witnessed the Beautiful white thrust bar which is able to breakout from the consolidated zone from $1.63 to $1.74 and close well at $1.77. Couple with High volume, we can roughly gauge that the Demand is back with a punch and surged higher to close well above its 20 Moving Average, this is rather bullish!

On 12th September we had another follow-through movement and continue to rise further to close well at $1.81. Today it has formed a doji on the chart. This could be an indication that it is taking a breather now. After this break, it may likely continue to move up to retest 1.86 then 1.94 with extension to 2.00 and above.

With Oil price hovering near US70 level, looks like it may retest US75 level soon.

Not a call to buy or sell.

Please do your own due diligence.



Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs. It also engages in the repair, refurbishment, retrofitting, life-extension, upgrading, and conversion of vessels, marine and offshore structures, LNG and LPG gas carriers, cruise ships, ferries, mega-yachts, floating production vessels, MODUs, tankers, containers, and cargo ships, as well as offers jumboization and dejumboization solutions. In addition, the company offers afloat and emergency repair, underwater cleaning and repair, main engine maintenance and repair, steel and pipe work, electrical and instrumentation repair, mechanical and motor rewind repair, tank cleaning, sludge and oily waste disposal, staging work, hydro jetting and hydro/vacuum blasting, riding crew and voyage repair, specialized workshop repair and reconditioning, vessel towage and port clearance arrangement, specialists service and navigation, automation, safety, and fire protection services. Further, it offers offshore platform solutions, such as integrated process; production, riser, and drilling; wellhead, power generation, manifold, and accommodation platforms; and wind-farm substations, as well as topside modules fabrication, installation, and integration. Additionally, it designs and builds sophisticated, specialized, gas value chain, ferry, RoPax, cruise, renewable energy and offshore support, naval support and security, and research and scientific survey vessels. The company was formerly known as Jurong Shipyard Ltd and changed its name to Sembcorp Marine Ltd in 2000. The company was founded in 1963 and is headquartered in Singapore. Sembcorp Marine Ltd. is a subsidiary of Sembcorp Industries Ltd.

Current Stock index value for DOW, STI & S&P situation

Let take a look at the current PE ( price to Earning ratio) for Dow , STI and S&P.

 Dow is trading at a PE of 23.18x which is deemed as Overvalued .

 S&P is trading at a PE of 21.10x which is also deemed as Overvalued.

 STI is trading at a PE of 10.78x which is deemed as Undervalued.


 Why do I say that both Dow and S&P is overvalued at the current moment? This is because when the PE ratio of the index is way above 15, the market is deemed as overvalued.

 This is where the index is trading near its Peak level Historically, I think we use PE ratio of 15 as the median indicator of measuring the Peak market level. So , if the index is trading below PE 15x , it is being viewed as Undervalued.

 Therefore, STI is trading below or near to market bottom of PE 10.78x, in my opinion , it is undervalued.

 Currently, Dow is trading at 26000 level and S&P at about 2900 level. In my opinion, it is trading at a peak level / risky level and may go through and major correction in time to come.

 Let take a quick recap when the financial crisis actually happened. It happens a few weeks before the crisis erupted, whereby stock market were at a very high level.

 At that time,Dow was trading at 14000 level. S&P is at about 1500 level. And STI was trading at about 3800 level.

 Dow declined about 55% for a span of 17 months from about 12000 level to 6500 level. STI losses about 61% from 3800 level to about 1600 level. So, is good to know the current market index level whether is it overly priced or undervalued.

 When the major market correction happens , across the board, all counter may experience heavily selling down pressure. I think at that time , Capitaland was trading at $1.80 level,SGX was trading at about $4.80 level and DBS at $7.00 level .

 Both companies are still profitable and giving out dividend. Today Capitaland is trading at $3.26 level,SGX is at $7.28 level and DBS at $24.32 level. So when a major market correction happen, you will roughly know when price may likely correct to a certain expected price level.


 This is to get ourselves to prepare in advance for any crisis to happen.Do you have a proper plan to guide you and ensure you are not being emotionally affected when the crisis happen.

 Not a call to buy or sell.

 Just sharing what I feel about the current market situation.

Hi-P & UMS

I think both are showing quite similar chart patterns as reflected on the chart. TA wise, looks rather Bearish!

 Hi-P

As can be seen from the chart, it has continued to go lower after hitting all time high of about $2.70+ and close lower at 90 cents yesterday, this is rather bearish.


I think is a very obvious downtrend mode direction.

Short term wise, I think we may experience a short rebound/throw-back situation.
I think it might not be a Good idea to Go Long rather it is an opportunity for those who want to exit/cut loss or take profit.

I wouldn't go long and bet for a counter trend scenario. The risk is super high.
I think any short rebound, could be a opportunity for Shortist to take advantage of the situation.

Not a call to buy or sell.

Please do your own due diligence.

Similarly for UMS, it is on a downtrend mode direction.
I think any short rebound could be a temporary situation.

Therefore, is good to exercise with extra cautious !

I think is good to have a proper plan and know what is the right trend and direction of the current stock counter.The trend is our friend! Don't fight with the trend!

Trade/invest base on your own decision.



Hi-P International Limited operates as an integrated contract manufacturer serving the telecommunications, consumer electronics, computing and peripherals, lifestyle, and medical and industrial devices industries. The company operates through three segments: Precision Plastic Injection Molding; Mold Design and Fabrication; and Provision of Sub-Product Assembly and Full-Product Assembly Services. It manufactures and sells molds and special tools, related housing appliance plastic components and equipment, and water treatment equipment; plastic components and plastic product modules; mold base and components; electric components and electronic communication equipment; in-mold decoration lenses; precision stamped metal components and precision tools; and metal and non-metal stampings, as well as provides spray painting, engineering support, maintenance, and technology consultation services. In addition, the company engages in the manufacture, wholesale, import and export, and sale of electronic telecommunication devices, housing appliances, automated equipment, and related components. Further, it manufactures and sells trays, mobile phones, telecommunication products, digital cameras and related electronic products, and electric toothbrushes; assembles coffee machines and parts, as well as provides related maintenance and after-sales services; and offers investment and management consulting services. Additionally, the company engages in the assembly and provision of ancillary value-added services, primarily surface finishing services. It has operations primarily in the People's Republic of China, Singapore, Malaysia, Thailand, Europe, the United States, the rest of Americas, and internationally. The company was founded in 1980 and is headquartered in Singapore.


UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. It operates through two segments, Semiconductor and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides water disinfection systems shipment services; and supplies base components to oil and gas original equipment manufacturers. The company also offers precision machining services, including milling, lathe, horizontal, cleaning, anodizing, and CMM; metal finishing services, such as electroless and selective nickel, anodizing, plating, e-polish, chemical cleaning, and parts refurbishment; and system integration, refurbishment, prototyping, and vendor managed inventory services, as well as electroplating services. In addition, it is involved in the assembly and integration of equipment and automated assembly lines; manufacture and assembly of stainless steel gaslines and weldment products; manufacture and repair of waste water treatment equipment; and holding of investment properties. The company serves semiconductor, electronic, machine tools, aerospace, and oil and gas industries. It operates in Singapore, Malaysia, the United States, Poland, Taiwan, South Korea, and the People’s Republic of China. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.

Accordia Golf Tr

The below is the discussion for this counter:
 Quote:
Jeremyowtaip

Hi Sporeshare, I present below the growth of Accordia Golf Trust (AGT) and other salient points about it to see whether this is a safe and attractive investment or not.

AGT according to their website is a business trust which derives income from it's investment in golf courses, driving ranges and golf course related assets in good locations in Japan. They have the vision to venture out to other geographical regions but have yet to do so. The sponsor of AGT is the largest golf course operator in Japan.

I looked at the growth of AGT for the past 3 years (2015 to 2018) since it was public listed only in second half of 2014. For the past 3 years, AGT has grown it's revenue by a CAGR of 0.75%. Operating profit has remained stagnant and not grown over the past 3 years. Profit attributable to unitholders has grown by a CAGR of 1.78%. Profitability wise, it seems that there is not much showing for AGT in terms of growth.

 However, a short 3 years may also not be a good gauge of their growth. Therefore, I think more time is needed to observe them before reaching a fair conclusion on their growth in this aspect of profitability.

Now onto their balance sheet. As of 31 Mar 2018, AGT's current ratio stands at 0.24. 

It's debt to equity ratio stands at 0.54. 

Over the past 3 years, AGT has not grown it's unitholders' equity. 

Unitholders' equity has declined from JPY83,393 million in 2015 to JPY79,802 million in 2018. This means that AGT has not grown the value of the investment capital that unitholders have put up with AGT over the past 3 years and instead AGT has caused the investment value to decline.

 This is due to accumulated losses in the recent two years which has caused the decline in unitholders' equity.

Onto their cashflows, AGT has since it's IPO in late 2014 and thereafter from 2015 onwards which was flushed with cash, saw it's cash level slowly depleting. There was net outflow in cash every year from 2016 to 2018 though not at a fast rate. The cash outflows in distributions to unitholders have declined every year from 2016 (JPY7881 million) to 2018 (JPY4696 million). It seems that AGT has either intentionally or being forced to decrease it's amount of cash distributions to their unitholders due to tight cashflows over the past 3 years.

The unit price of AGT has decreased from it's IPO price of SGD0.97 to current price of SGD0.55. Over the course of about 4 years based on unit price performance alone, AGT has caused the value of an initial unitholder investment in it to be eroded by about 43.3%.

 This translates to a compounded annual loss of about 12.7% over the past 4 years in terms of unit price performance. I doubt the distributions unitholders have collected over the past 3 years can cover the annual loss in value of the unit price over this same period.

Therefore in conclusion, I will not consider AGT to be a safe and attractive investment for a business trust and certainly one that will not fall under my radar. Unless it can prove itself otherwise in future showing improvements over the earlier salient points mentioned then will I take another second look at it.

NAV of 89.8cents.

P/b of 0.6x

DPU of 3.9 cents

Yield is about 7%.

Not a call to buy or sell.

Please do your own due diligence!