QAF

QAF - 6th Aug 2017

QAF(Q01) 
I have roughly work out the discounted Eps for past four years . Using current eps of 9.05 cents ( diluted eps - excluding divestment gain). 
CAGR 19.8%
Discount Factor - 8% ( more than double the 4% special account)
The Intrinsic value is $1.76 x 0.85 = $1.50.

Current price is $1.305, Yield 3.8%( 5 cents dividend p.a.), NAV 95.5 cents.
ROE 22%
Net income margin 13.8%
Net cash position

TA wise it is currently trading above the 20SMA line. 
It might have to make an attempt to clear 1.335 in order for it to rise further towards 1.36.

I think current price still has about 15% room to rise towards the Eps DCF value of $1.50.
Not a call to buy or sell.
dyodd

( trade base on your own decision)

Food Empire

Food Empire - 4th Aug 2017

Food Empire(F03.SI)
A Nice GAP up with a Beautiful White soldier couple with quite a high volume this is generally positive.

A second white soldier appeared on the chart. Likely to see a Third soldier to be played out. Taking out of 71.5 would certainly create the next wave of trending higher.

2nd quarter result is just round the corner. 
It may provide the catalyst to drive the share price even higher.
Recent share buy back by director may view current price is still undervalue.

1st Qtr result of EPS 1.18 US cents =  2.5 cents. Estimate the whole year EPS of about 5.5 cents . Let says a PE of 17x would be arriving a TP of 93.5 cents.

Short term TP of 78  .
DYODD

( Trade base on your own decision)

Hi-P

Hi-P - 3rd Aug 2017

Hi-P reports 97.5% yoy surge in net profit to S$15.1 million for 2Q2017; enters into production ramp-up phase for 2H2017

Declare interim dividend of 1.9 cents.

Heading into 2H2017 where the Group expects stronger sales as compared to 1H2017, the Group’s inventories increased from S$142.9 million as at 31 December 2016 to S$155.4 million as at 30 June 2017. The Group’s robust business operations continued to generate strong positive operating cash flows amounting S$51.5 million for 2Q2017. This contributed to balance sheet strength as cash, cash equivalents and restricted bank deposits increased from S$120.7 million as at 31 December 2016 to S$255.2 million as at 30 June 2017. Correspondingly, the Group’s net cash position improved to S$156.5 million as at 30 June 2017 (31 December 2016: S$25.1 million).

Hi-P has a fantastic upward thrust bar presented today on the chart. Couple with super high volume, this is rather bullish.

The closing price of $1.16 is hovering near the all time high price of $1.23.
TA wise, looks positive. It may likely continue to trend higher to re-test 1.20 then 1.25.
( trade base on your own decision)

Far East Orchard

Far East Orchard 

Far East Orchard is hovering between the price range of $1.51 to $1.58 seems to be a good support level. The NAV is about $2.89 as reported on the Second quarter result for 30 June
2017 seems to be trading at a Great discount of almost 50% ( Margin Of Safety).

Dividend of 6 cents for the Past 5 years, yield of 3.92%
P/B is about 0.53
Company is profitable .
Although the half year financial results has came down quite substantially down 66% to 16.8m.

The current price of $1.53 seems like super undervalue. A rare gems not to be missed!
Let's say we can roughly work out the short term TP of $1.73(6 X NAV $2.89) .
I think this TP of $1.73 could be quite easy to achieve.


Or a slightly higher TP of 0.65 X $2.89= $1.88
Dyodd.

( trade base on your own decision)

WILMAR INTL

WILMAR INTL - 29th July 2017

Wilmar Intl from TA point of view is on a down trend mode. Currently, price is being traded in a consolidated zone.
A breaking down of $3.27 may smell trouble as it may subject to further selling down pressure.
Once $3.27 has been taken down. I think it may likely continue to trend lower to test $3.20  then $3.10 with extension to $3.00.

( trade base on your own decision)

Sunningdale Tech

Sunningdale Tech - 29th July 2017

I have roughly worked out the EPS DCF value for Sunningdale Tech of which I have derived the Fair value of $2.944 .
CAGR - 22.39%
Discount Factor - 12%
Current share price - $2.00
Net Cash Per share - 50+ cents.
Total Equity 188+m

EPS (diluted) 17.5 cents.

PE 11.4x

Industry average PE of 14.4x

Lets put in a further discount of 15% base on the computed fair value of $2.944, the discounted EPS fair value is $2.50.

At least we can still see another 25% upwards move towards the fair value of $2.50 from the current price of $2.00/

Not a call to Buy or Sell.
Dyodd
( trade base on your own decision)