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Thursday, July 4, 2019

G Inavcom

TA wise, looks bullish!
It has managed to bounce-off from the low of 3.2 cents and rises higher to touch 10.7 cents, looks rather positive.


The current price of 9.9 cents is staying above its SMA lines plus MACD is rising up nicely likely to continue to trend higher.

Short term wise, I think it may likely re-attempt the recent high of 10.7 cents.
Breaking out with ease + good volume that may drive the price higher towards 12 then 13 cents with extension to 14 cents.

Do exercise with extra cautious as this is a ultra penny counter!

Not a call to buy or sell.

Pls dyodd.




Wednesday, July 3, 2019

Sembcorp Marine

Today has been heavily sold down from 1.54 to close 13 cents lower at 1.41, looks rather bearish!

I think it has been panicky sold down or BB taking advantage to press it lower.

I think it may emerge un-scar .


I still remember when Kepcorp was being fine for a few hundreds million dollars in stead the price continue to fly higher from 7.06 to hit 8.00+.
So, I guess the same situation may repeat again!

If the price corrected too low, I think Ah Kong may decide to take it privatize and shortist will be left stranded . Don't rule out that this may happen.

Recently, they have just gotten the 2 billions funds, so do trade with extra cautious!

I think short term wise, it may likely take a bit of time to recover.

Not a call to buy or sell.

Pls dyodd.





Tuesday, July 2, 2019

Raffles Medical

This is another overly beaten down counter that may be worth to take a second look!
It has been on a selling down pressure from 1.50 and gone down all the way to about 98 cents before making its way up to the current price of 1.04, looks.


The current price is trading at about PE 27x that may be viewed as a high PE counter but given that it is on a healthcare sector , it is generally viewed quite acceptable by the market industry.

Dividend of 2.5 cents.
Yield is about 2.4%.

Short term wise, I think it may likely re-attempt to take out 1.05 level.
Breaking out smoothly + good volume that may drive the price higher towards 1.10 then 1.12 with extension to 1.16 level.

Do take note that their China Hospital - RafflesHospital Chongqing has already began its operation since Dec 2018. While construction of RafflesHospital Shanghai, in Pudong, is underway.


The Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 1.6% from S$23.3 million in Q1 2018 to S$23.6 million for Q1 2019. The net profit after tax decreased to S$13.7 million in Q1 2019, due to start-up costs for RafflesHospital Chongqing.

On a comparable basis, excluding the results of RafflesHospital Chongqing, the Group’s net profit after tax would have grown by 2.1% instead of a decrease of 11.2%, and EBITDA would have been S$25.4 million – an increase of 9.3% as compared to Q1 2018.

The gestation loss for RafflesHospital Chongqing is within expectation.


The continued strong operating cashflows generated from the Group’s business operations contributed to a healthy cash position of S$111.8 million. This was after accounting for the payment of S$26.5 million for fixed assets under development as well as capital expenditure for business expansion in the first quarter of this year.

Not a call to buy or sell.

Pls dyodd.



SPH

This old man stock counter has finally turn-around after touching the low of 2.29 it has managed to stage a strong recovery and rises higher to hit 2.50 today, this is rather bullish!


The current price of 2.50 is staying above its SMA lines + MACD is still rising up nicely, likely to continue to trend higher!

Short term wise, I think it may likely move up to retest 2.55.
Breaking out of 2.55 with ease + good volume that may drive the price higher towards 2.60 then 2.66.

NAV of 2.138.
PE is about 15x.
Dividend of 5.5 + 7 cents = 12.5 cents.
Yield is about 5%.

Not a call to buy or sell.

Pls dyodd.



Monday, July 1, 2019

Apac Realty

Yesterday closed well at 55 cents,looks rather encouraging!


Chart wise, looks Bullish!
It has managed to bounce off from the low of 48.5 cents and rises higher to touch 56 cents yesterday,looks rather positive!






Short tern wise, I think This momentum may likely drive the price to retest 56 then 57.5 cents with extension to 60 - 66 cents.


Not a call to buy or sell.

Pls dyodd.




Singapore Saving Bond

August 2019 offer rates is out!
First 3 years is yielding an interest rate of 1.68%.
Quite a fair bit lower as compared to last month offer rate of 1.93% for first 3 years.


Looks likely they are protecting a cut of interest rate soon!


1st Nov 2018
December offer rates is out!
Fantastic! 1st year 1.89%, 10 years 3.04% .

Don't miss out!


Closing date on 27th Nov 9pm.

Pls dyodd.

Singapore Saving Bond click here to view. 

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.