Golden Agri

Golden Agri - 29th June 2016

Golden Agri-Resources delivers strong results in the first quarter of 2016 despite lower CPO prices and plantation output .

Plantation business impacted by the severe El Niño weather condition in 2015 and softer average CPO market prices • Integrated business model delivers resilient results as palm and lauric segment posts substantial growth of EBITDA1 Singapore, 13 May 2016 – For the first quarter of 2016, Golden Agri-Resources Ltd and its subsidiaries (“GAR” or the “Company”) recorded revenue of almost US$1.5 billion. GAR reached stronger EBITDA1 and core net profit2 at US$142 million and US$40 million respectively. The palm and lauric business mainly contributed to the increase, which was partly offset by lower results from the plantation and palm oil mills business.

 The performance of our plantation business was in line with the industry’s declining palm product output and softer average crude palm oil (“CPO”) market prices. EBITDA1 reached US$76 million in the first three months of 2016, 24 percent lower than that achieved in the same period last year. Pg 2 of 3 The palm and lauric business continued its improvement since last year as the integration of downstream assets progresses. The performance was further enhanced by CPO market price uptrend over the quarter. As a result, first quarter 2016 EBITDA1 almost tripled over the previous year to US$62 million, while the EBITDA1 margin increased to 4.9 percent from 1.6 percent last year. Our oilseeds and others segments maintained their positive contribution with total EBITDA1 growing to US$4.7 million in the first quarter of 2016 from US$4.3 million in the same period last year. The oilseeds business environment in China remained favourable. Starting this year we have adopted the new accounting standards for our plantation assets, which impacted our financial statements. However GAR’s financial position remains sound with adjusted net gearing ratio5 of 0.49 times and total consolidated assets of US$8.0 billion as at 31 March 2016.

NAV of US$0.30 .
EPS about 1.3 cents
dividend of about 0.65 cent

Golden Agri after hitting the high of 44 cents on 23rd Mar 2016 it had since drifted lower to touch 32.5 cents on 28th June 2016. This is rather bearish.

The current price of 33.5 cents is trading near the support level at 33 cents.

Looks like we may see a technical rebound soon as the current price has been driven into oversold territories. Macd is also pointing to an oversold situation.

Short term wise looks like it may move up to test 38 cents. Crossing over of 38 cents with good volume that may 39.5 cents then 41.5 cents.

(trade base on your own decision)

OUE

OUE - 27th June 2016

OUE Limited (SGX-ST: OUE) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and United States. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors primarily in Singapore. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust.

NAV - $4.33

EPS - estimate about 10 cents.

current price of 1.515 . PE about 15x.

Dividend - about 2-3 cents.

OUE at current price of 1.515 seems rather undervalue as compare to its NAV of $4.33 . For every 0.34 cents per share you are getting $1.00 value of the company assets value which is very good price to own.

The company profit is not much but at least it is still profitable and also paying out dividend regularly. Current price seem to be at the rock bottom price from TA point of view.
Although the current trend is still bearish/downtrend .

RSI is showing sign of a positive divergence which may provide further indication that the share price may continue to trend higher.

I think the current price weakness could be a good options for those that are looking at value investing .
(trade base on your own decision)

SPDR Gold (GLD US$)

SPDR Gold (GLD US$) - 26th June 2016

SPDR Gold (GLD US$) after hitting the low of 114.65 on 30th May 2016 it had manged to stage a strong rebound to touch 125.28 on 24th June 2016. This is rather bullish.

We can witness a spike in the volume bar with 101m shares changing hand and hitting the high of 129.60 and settled down at 125.28 on last Friday. This momentum is likely to continue to drive the share price higher to re-conquer 125.35 the recent high with little effort and propel higher towards 128.75 soon.

Both Macd & Rsi are still trending higher which may provide further indication that the share price may continue to trend higher.

With Gold price spike last Friday we may likely see the Gold price trending higher. This may likely reflect on the price for SPDR Gold (GLD US).

Short term wise it may go up to re-visit 128.75 then 130.00 with extension to 133.41.
(trade base on your own decision)
 

CNMC Goldmine

CNMC Goldmine - 26th June 2016

NAV - 12.64 cents.

Dividend -  Dividend Yield is based on two interim tax-exempt dividend of total 0.36 Singapore cent per share, a final dividend of 0.18 Singapore cent and special dividend of 0.405 Singapore cent per share. Yield is about 2.12% base on current price of 36 cents.

PE ratio of 7.94x base on 36 cents.

About CNMC Goldmine : Involved in exploration and mining of gold, and processing of mined ore into gold dores • Commenced operations in 2007; first Catalist-listed gold producer on SGX-ST (listed in October 2011) • Current flagship project – Sokor Gold Field in Kelantan, Malaysia • CNMC founded by Prof Lin Xiang Xiong, Chief Advisor for China International Trade to Kelantan State Government

CNMC Goldmine after touching the low of 22 cents on 15th April 2016 it has since continued to stage a strong recovery and trend higher to touch 36 cents on 24th June 2016. This is generally quite bullish.

The trading volume was also high on last Friday which signifies good buying interest with more buying ( demand versus supply) that pushes the price higher to close at 36 cents.

The current price is staying above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

With current market volatility, Gold price is being regarded as a preferred investment that has been witnessed by last Friday Gold price races to 2-year high at 1319.10 .

The increase in Gold price may benefit and boost the revenue for the company.

Short term wise looks like it may likely continue to move up to test 40 cents then 45 cents with extension to 50 cents.
(trade base on your own decision)

SPH

SPH - 24th June 2016

SPH after hitting the high of 4.16 on 25th April 2016 it had since continued to trend lower to touch 3.70 on 24th June 2016. This is rather bearish.

The current price of 3.71 has broken down the previous low of 3.75 (17th June 2016) which is generally quite negative.

Also both the Macd & Rsi are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.

Short term wise looks like it may go down to re-visit 3.65 the next support level. Breaking down of 3.65 may likely see it prices goes further down towards 3.60 then 3.51.
(trade base on your own decision)

SingPost

SingPost - 22nd June 2016

SingPost after hitting the high of 1.70 on 22nd April 2016 it had since continued to drifted lower to touch 1.52 on 19th May 2016. This is generally quite bearish.

Today it has been experiencing a drastic fall from yesterday closing price of 1.56 to close lower at 1.505. This is rather negative couple with super high volume of 24.83m shares changing hand.

The current price is hovering below the SMA lines which is generally not healthy/positive.

Short term wise looks like the similar price patterns may repeat itself again as reflected on the chart.
It may likely go down to re-visit 1.43 cents. Breaking down of 1.43 cents with high volume that may send the price further downward towards 1.30.

Fair value may surface again once it had fallen to 1.43 & below.
( trade base on your own decision)