Short term wise, I think it may go down to retest 2.12 then 2.10 and 2.05.
Breaking down of 2.05 may likely revisit 1.99.
Not a call to buy or sell.
Pls dyodd.
Tuesday, September 10, 2019
Mapletree Com Tr
After hitting the high of 2.30 it has since corrected and went down to close at 2.19. Looks like it is rather weak and may likely continue to go lower.
Short term wise, I think it may go down to retest 2.12 then 2.10 and 2.05.
Breaking down of 2.05 may likely revisit 1.99.
Not a call to buy or sell.
Pls dyodd.
Short term wise, I think it may go down to retest 2.12 then 2.10 and 2.05.
Breaking down of 2.05 may likely revisit 1.99.
Not a call to buy or sell.
Pls dyodd.
Sunday, September 8, 2019
Food Empire
Just tried their 3 in 1 premium instant coffee, I would say is nice and creamy that is something I like.
Worth it!
Selling and distribution expenses were lower by US$4.6 million or 19.1% from US$24.3 million in 1H2018 to US$19.7 million. The decrease was mainly due to rationalisation of business.
General and administrative expenses increased by US$0.6 million from US$18.3 million in 1H2018 to US$18.9 million. The increase was mainly attributed to higher manpower cost. Foreign exchange gain was US$0.8 million in 1H2019 as compared to a foreign exchange loss of US$1.6 million in 1H2018.
Pursuant to the above, the Group’s net profit after tax for 1H2019 was US$13.1 million, a yoy increase of 39.7%. Net profit margin was 2.8 percentage points (“pp”) higher, at 9.4% for 1H2019. As at 30 June 2019, the Group’s balance sheet remained healthy with cash and cash equivalents amounting to US$38.5 million.
Commenting on the Group’s results, Mr. Tan Wang Cheow, Executive Chairman of Food Empire said, “The Group continues to perform well, with strength in our core business markets and key operating segments. As we seek to sustain this growth trajectory into the future, we will be looking at new product developments and strategic mergers & acquisitions to grow our business further. On a full financial year basis, we are committed to delivering profit growth.”
Outlook
The global economy is projected to grow at a slower pace for the remaining half of 2019, driven by continuing trade tensions between the U.S. and China which might affect global oil prices and currency exchange rates against the US dollar. Barring unforeseen circumstances, the Group expects our business to remain resilient and we will continue to focus our efforts to grow key markets, rationalise business operations and consolidate our Group structure so as to create a stronger foundation for future development.
Half year EPS of about 3.56 Singapore cents , yearly is about 6.8 cents, PE is merely 7.6x base on the closing price of 49.5 cents.
This is vastly undervalue. The industry average price is about 18-20x .
I still remember when Super Group was being taken over/privatized at PE 32x.
With their Net Profit margin rising to 9.4% for the first Half year financial result we may likely see it approaching 10% pretty soon.
Net debts to equity ratios is also pretty healthy at 0.48% which is staying well below the 1% level.
Debt to Equity Ration = Total Liabilities / Shareholder's Equity = 93310 / 190531 = 0.48%
NAV is about S$0.49.
P/B is about 1x.
Dividend of 6.8 cents. Yield is 1.2%.
I believe they can afford to payout more for dividend.
I think the Fair value is about PE 15x that would give us a target price of $1.02.
The current price of 49.5 cents is almost trading below 50%.
This could jolly well be the next gems.
Not a call to buy or sell.
Pls dyodd.
Worth it!
Selling and distribution expenses were lower by US$4.6 million or 19.1% from US$24.3 million in 1H2018 to US$19.7 million. The decrease was mainly due to rationalisation of business.
General and administrative expenses increased by US$0.6 million from US$18.3 million in 1H2018 to US$18.9 million. The increase was mainly attributed to higher manpower cost. Foreign exchange gain was US$0.8 million in 1H2019 as compared to a foreign exchange loss of US$1.6 million in 1H2018.
Pursuant to the above, the Group’s net profit after tax for 1H2019 was US$13.1 million, a yoy increase of 39.7%. Net profit margin was 2.8 percentage points (“pp”) higher, at 9.4% for 1H2019. As at 30 June 2019, the Group’s balance sheet remained healthy with cash and cash equivalents amounting to US$38.5 million.
Commenting on the Group’s results, Mr. Tan Wang Cheow, Executive Chairman of Food Empire said, “The Group continues to perform well, with strength in our core business markets and key operating segments. As we seek to sustain this growth trajectory into the future, we will be looking at new product developments and strategic mergers & acquisitions to grow our business further. On a full financial year basis, we are committed to delivering profit growth.”
Outlook
The global economy is projected to grow at a slower pace for the remaining half of 2019, driven by continuing trade tensions between the U.S. and China which might affect global oil prices and currency exchange rates against the US dollar. Barring unforeseen circumstances, the Group expects our business to remain resilient and we will continue to focus our efforts to grow key markets, rationalise business operations and consolidate our Group structure so as to create a stronger foundation for future development.
Half year EPS of about 3.56 Singapore cents , yearly is about 6.8 cents, PE is merely 7.6x base on the closing price of 49.5 cents.
This is vastly undervalue. The industry average price is about 18-20x .
I still remember when Super Group was being taken over/privatized at PE 32x.
With their Net Profit margin rising to 9.4% for the first Half year financial result we may likely see it approaching 10% pretty soon.
Net debts to equity ratios is also pretty healthy at 0.48% which is staying well below the 1% level.
Debt to Equity Ration = Total Liabilities / Shareholder's Equity = 93310 / 190531 = 0.48%
NAV is about S$0.49.
P/B is about 1x.
Dividend of 6.8 cents. Yield is 1.2%.
I believe they can afford to payout more for dividend.
I think the Fair value is about PE 15x that would give us a target price of $1.02.
The current price of 49.5 cents is almost trading below 50%.
This could jolly well be the next gems.
Not a call to buy or sell.
Pls dyodd.
Friday, September 6, 2019
HKland
Looks like it has managed to bounced off from the low of $5.16 and rises higher to touch the high of $6.00 looks pretty healthy and encouraging!
Looking at the Monthly chart patterns, It is kind of doing a rebound from the lower trend line of 5.46 and managed to stay higher at 5.70, looks rather positive.
Short term wise, I think it may move up to re-attempt $6.00 again.
Crossing over with ease + good volume that may propel to drive the price higher towards $6.50 then $7.00.
Not a call to buy or sell.
Pls dyodd.
1st September 2019
TA wise ,looks like it is consolidAting after touching the low of $5.16.
The current price of $5.46 is trAding at Price per book ratio of 0.33,seemingly over sold!
I think value i appealing!
DIVIDEND of 22 cents is giving a yield of 4% which is quite decent!
Short term wise,I think it may move up to retest the recent high of $5.57. BREAKING out with good volume that may drive the price higher towArd $5.89 then $6.01.
Not a call to buy or sell.
Pls Dyodd
Looking at the Monthly chart patterns, It is kind of doing a rebound from the lower trend line of 5.46 and managed to stay higher at 5.70, looks rather positive.
Short term wise, I think it may move up to re-attempt $6.00 again.
Crossing over with ease + good volume that may propel to drive the price higher towards $6.50 then $7.00.
Not a call to buy or sell.
Pls dyodd.
1st September 2019
TA wise ,looks like it is consolidAting after touching the low of $5.16.
The current price of $5.46 is trAding at Price per book ratio of 0.33,seemingly over sold!
I think value i appealing!
DIVIDEND of 22 cents is giving a yield of 4% which is quite decent!
Short term wise,I think it may move up to retest the recent high of $5.57. BREAKING out with good volume that may drive the price higher towArd $5.89 then $6.01.
Not a call to buy or sell.
Pls Dyodd
MapleTree Ind trust
After hitting all time high of 2.39, it didn't manged to clear this level and succumb to selling down pressure.
I think is good to correct and then gather strength again to make the next attempt to re-conquer 2.39 again.
It is taking a breather now, and those that cannot tahan to wait i think may have already planted their seeds.
My point of view is that , I may queue to nibble a small position at 2.30 level for 5 lots or 5,000 share . If it fallen lower to 2.25, may jeep another 5 lots again and perhaps another 5 lots at 2.20 and 2.15.
My average price can be calculated as per below example:
1. first 5,000 share at 2.30 = $11500.
2. next 5000 share at 2.25 = $11250
3. next 5000 share at 2.20 = $11000
4. next 5000 share at 2.15 = $ 10750
Total capital $44,500 / 20000 share = $ 2.225
DPU of $124 , yield of 5.57% which is still much higher than bank interest of 0.05%.
Of course, price may fluctuate up and down.
Overtime, dividend collected it may lower our average price.
The power of dividend income.
not a call to buy or sell.
Pls dyodd.
I think is good to correct and then gather strength again to make the next attempt to re-conquer 2.39 again.
It is taking a breather now, and those that cannot tahan to wait i think may have already planted their seeds.
My point of view is that , I may queue to nibble a small position at 2.30 level for 5 lots or 5,000 share . If it fallen lower to 2.25, may jeep another 5 lots again and perhaps another 5 lots at 2.20 and 2.15.
My average price can be calculated as per below example:
1. first 5,000 share at 2.30 = $11500.
2. next 5000 share at 2.25 = $11250
3. next 5000 share at 2.20 = $11000
4. next 5000 share at 2.15 = $ 10750
Total capital $44,500 / 20000 share = $ 2.225
DPU of $124 , yield of 5.57% which is still much higher than bank interest of 0.05%.
Of course, price may fluctuate up and down.
Overtime, dividend collected it may lower our average price.
The power of dividend income.
not a call to buy or sell.
Pls dyodd.
Ocbc
Chart wise, looks like we may see the same chart patterns repeating itself again!
Likely to move up to reclaim 11.00.
Breaking out of 11.00 with good volume it may likely retest 11.20 then 11.50 .
Pls dyodd.
31st August 2019
Indeed it has gone down to test 10.50 and managed to bounced off from the low of 10.46 to close well at 10.65,looks pretty encouraging move!
Are we out of the wood yet, I don't think so!
This is a temporary rebound and may likely move up to test 10.70 then 10.78 with extension to $11.00.
Not a call to buy or sell.
Pls Dodd.
23 August 2019
Today close lower at $10.63 looks like it may go down to retest $10.50 soon !
Pls dyodd.
15 August 2019
It went ex-dividend today and price Gap down more than the dividend of 25 cents and close lower at $10.70 down 41 cents, looks rather bearish!
Short term wise,I think it may go down to retest $10.50. Breaking down of $10.50 it may likely continue to slide down towards $10.00 with further falling down to $9.00.
Pls dyodd.
2nd August 2019
It has just released the 2nd qtr results ,Net profit for Q2 is up 1% to $1.2b. Dividend payout increase to 25 cents .
XD 15 Aug. Pay date 3rd October 2019.
Interim dividend of 25 cents, presume Final will be another 25 cents. Total 50 cents. The current price of $11.21 is yielding a yield of 4.4%.
But chart wise,it is showing a different story!
In fact, the price Gap down and is down 19 cents to $11.23 , coupled with quite a high volume this is rather bearish!
Short term Wise, I think it may go down to retest $11.05 then 10.82 with extension to $10.50.
Presume many would be eyeing to see if $10.50 would show up again or even $10.00 to give a dividend yield of 5% that would be nice!
Not a call to buy or sell.
Pls dyodd.
Likely to move up to reclaim 11.00.
Breaking out of 11.00 with good volume it may likely retest 11.20 then 11.50 .
Pls dyodd.
31st August 2019
Indeed it has gone down to test 10.50 and managed to bounced off from the low of 10.46 to close well at 10.65,looks pretty encouraging move!
Are we out of the wood yet, I don't think so!
This is a temporary rebound and may likely move up to test 10.70 then 10.78 with extension to $11.00.
Not a call to buy or sell.
Pls Dodd.
23 August 2019
Today close lower at $10.63 looks like it may go down to retest $10.50 soon !
15 August 2019
It went ex-dividend today and price Gap down more than the dividend of 25 cents and close lower at $10.70 down 41 cents, looks rather bearish!
Short term wise,I think it may go down to retest $10.50. Breaking down of $10.50 it may likely continue to slide down towards $10.00 with further falling down to $9.00.
Pls dyodd.
2nd August 2019
It has just released the 2nd qtr results ,Net profit for Q2 is up 1% to $1.2b. Dividend payout increase to 25 cents .
XD 15 Aug. Pay date 3rd October 2019.
Interim dividend of 25 cents, presume Final will be another 25 cents. Total 50 cents. The current price of $11.21 is yielding a yield of 4.4%.
But chart wise,it is showing a different story!
In fact, the price Gap down and is down 19 cents to $11.23 , coupled with quite a high volume this is rather bearish!
Short term Wise, I think it may go down to retest $11.05 then 10.82 with extension to $10.50.
Presume many would be eyeing to see if $10.50 would show up again or even $10.00 to give a dividend yield of 5% that would be nice!
Not a call to buy or sell.
Pls dyodd.
Thursday, September 5, 2019
Hrnet
The current earnings yield an investor would be getting is about 9.2%. This is better than parking money in special account of CPF which only gives 4.5% interest yield.
Earnings yield = EPS / Share price
Earnings yield = 0.053/ 0.575 = 0.0921x 100% = 9.21%
Half year result as of 13rd August 2019
Half year Eps 3.06 cents.
Cash on Hands of 274m.
Less of additional investment of 12.3m. TOTAL cash on hands is 261m.
Net cash per share of 26 cents .
DIVIDEND of 2.8 cents .
Yield is 4.9% based on 57.5 cents.
Solid FCF.
Surely can afford to payout more dividend!
Chart wise, super oversold!
It has bounced off from 56 cents and likely to move up to retest 60 cents.
Breaking out of 60 with good volume that may drive the price higher to 63 then 67.5 cents.
Pls dyodd.
Subscribe to:
Posts (Atom)