Sembcorp Marine

Will this kind of chart patterns be able to sustain for long?

 Non-stop continuous pump up candlestick and the candlestick body is getting smaller and smaller.

 I would stay cautious and not to chase as I think is good for it to retreat a bit before continue this Uptrend move.


 If not, the next moment we may seeing a sharp correction mode happening soon!

Quote :

US crude sanctions against Iran could push oil prices above $100 a barrel, strategists say.

 Not a call to buy or sell.

 Pls dyodd.

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.

Centurion

NAV 0.557.

Yealy dividend of 2 cents.

Yield of 4.54%. If plus special dividend of 0.5 cent then yield would be higher at 5.68%.

PE of 11.89x 

TA wise, neutral mode.

Likely to retest 45/45.5 cents! 

Not a call to buy or sell.

Pls dyodd.

I was looking at Centurion Corp. The first few things I picked up which were important were it's fast growth, mounting debt level as well as increase in equity through various means such as conversion of warrants to shares etc. 

Quote: Jeremyowtaip

I decide to follow on with more investigation into these areas to see what I can find. As such, I list down the following findings and provide my opinion on this company.

I look at their growth in revenue, operating profit and net profit attributable to shareholders for the past 5 years (2012 to 2017).

 The CAGR for their revenue was 16.01%. The CAGR for their operating profit was 37.11%. 

The CAGR for their net profit attributable to shareholders was 28.26%. This company has been really profitable and experienced fast growth in running their businesses which are into workers and students accommodation. They have also ventured to overseas markets like UK and Malaysia. But their businesses still derive predominantly their revenue from Singapore.

Next, I look at their debts over the years. Five years ago, their debt to equity ratio was 0.69. As of current Jun 2018, their debt to equity ratio was 1.35. It looks like they have been gearing up taking on higher debts to pursue growth over the past 5 years.

Now, it begs the question whether they have reached a point whereby they have geared themselves too much. I will leave this opinion to the individual reader as different people can see things differently. Some would say it is still ok given their nature of business in providing accommodation which is well diversified across different premises, different locations in a country, different geographical regions, serving different client types (workers and students) and has good occupancy rates showing the demand is still strong to meet supply. However, I noted that this year, their revenue has decreased due to a lease on one of their premises expiring. Thus, be careful of thinking things will always be a bed of roses as the future of any business is always unpredictable. Only one thing is predictable here. Creditors always run after their debtors to get their money back when the time is up.

 And we already seen so many cases of companies pursuing growth with high leverage which did not turn out well. When times are good, people do not question high leverage. When times are bad for the business, then suddenly people start to grow very panicky and rushed for the exit to sell their stocks in a company which is running into debt problems.

Last but not least, I look into their equity position. Their EPS 5 years ago in 2012 was 1.21 cents. Their EPS in 2017 was 4.17 cents. Their CAGR in EPS was 28.1%. Their CAGR in shareholder equity was 34.24%. Their return on equity in 2012 was 8.6%. Their return on equity in 2017 was 6.85%. It seems that despite some dilution measures they have taken to raise equity in various forms also to pursue growth, they still managed to maintain decent profitability for shareholders in terms of EPS growth. However, returns on equity have fallen over the 5 years due to their raising of equity to pursue growth apart from debts.

The current ratio for Centurion Corp is now around 0.54. It has intentions of taking up a potential bond to fulfill it's immediate debt obligations (see link below). It has grown well by taking on high leverage, similar levels to the likes of Ezion Holdings last time. This is a choice an investor has to make here. Would you have the attraction and risk appetite of a high leverage growth company like Centurion or not? Again, different people, different opinions on the whether the high leverage growth in Centurion is still safe after all or not based on it's business model and operating industry which is different from Ezion Holdings.

"Centurion Corporation Limited: Potential New SGD Bond" by FSMOne 

https://secure.fundsupermart.com/fsm/article/view/14019/centurion-corporation-limited-potential-new-sgd-bond

Genting Sing

Looks like Genting Sing is attempting to clear 1.07 hurdle soon!

Breaking out with good volume that may propel to drive the share price Higher towards 1.10 then 1.18 with extension to 1.23..

Not a call to buy or sell.
Trade/invest base on your own decision.


3rd September 2018
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.

Distribution Indication

Keppel Corp - Chart wise, seem to be indicating that Distribution is about to be taking place.

 As can be seen from the chart, Huge demand has almost exhausted with Very High volume transacted. From the Historical chart patterns, after a nice Bullish wide candlestick appeared on the chart accompany with Huge volume bar, price tend to be corrected and drifted lower .

 It might be good to lock in profit and wait for further clarity before taking the next course of action.

 Not a call to buy or sell.

 Pls dyodd.


 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.

Ascendas Reit

Last Friday we have witnessed a wide Bearish bar down 4 cents to close at 2.56 , couple with High volume this is rather bearish.

Short term wise, I think it may likely retest 2.54 then 2.49 with extension to 2.45 level.

 Not a call to buy or sell.

 Pls dyodd.


 Based on A-REIT's own announcement on their rationale for the private placement, it was meant to raise funds for acquisition of a UK portfolio of 12 properties which A-REIT thinks will increase long term distributions for unitholders. The funds raised from private placement was also to be used for a built to suit property development, for repayment of some debts, for reducing their gearing, for setting aside some cash for future acquisitions and also to increase trading liquidity of it's units. It seems that A-REIT has good rationale for doing this private placement.


 I provide a link below for further read on A-REIT's recent private placement.

 Let us see below. Over the past 9 years, A-REIT has grown it's revenue at a CAGR of 9.02%. It has grown it's net property income at a CAGR of 8.72%. It has grown it's distributions to unitholders at a CAGR of 9.27%. It has grown it's value of investment properties at a CAGR of 9.63%.


 "Hot stock: Ascendas Reit units down 2.6% after manager prices S$452m placement at S$2.54 per unit" by The Business Times https://www.businesstimes.com.sg/companies-markets/hot-stock-ascendas-reit-units-down-26-after-manager-prices-s452m-placement-at-s254

SGX, KepCorp and STI ETF

If you are wondering what counters would be nice to consider, you may want to monitor these few counters . Not a call to buy or sell.Please do your own due diligence.


SGX
Dividend power! Dividend of 15 cents, ex-dividend on 26th Sept 2018. Looking good to ramp up further towards 7.60 !

SGX declared Final dividend of 15 cents ,increased by 2 cents from 13 cents . I think shareholders would be happy to boost their dividend income.

Likely to continue to head higher!

Going forward, the company will be giving out quarterly dividend of 7.5 cents for each quarter which is adding up to a total of 30 cents yearly dividend. A nice dividend counter to put in on our watchlist or portfolio.



KepCorp

On 20th Sept 2018, Keppel Corp has a very nice run-away Gap up candlestick reflected on the chart. Couple with rather high and impressive volume and closed well at 6.80 , this is rather bullish!

The next day it has again started with another Gap up candlestick and close very well at 7.03. 

The volume bar is extremely huge. 

It might be good for it to take a short break before continue to rise further.

As can be seen, immediately resistance is at 7.07 level.

Short term wise, I think it may likely move up to retest $7.20 with extension to $7.40 level.

Trade/invest base on your own decision.

STI ETF

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 .

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.