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.

UMS

After touching the low of 67.5 cents it has manage to reclaimed 70 cents level, looks rather positive!

Yesterday it has managed to close well at 70.5 couple with high volume this is rather bullish!
A bullish pin bar seems appearing on the chart indicating Bull is in control .

Short term wise, I think it may rise up to test 75 cents then 80.

Not a call to buy or sell.

Pls dyodd.

UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. It operates through two segments, Semiconductor and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides water disinfection systems shipment services; and supplies base components to oil and gas original equipment manufacturers. The company also offers precision machining services, including milling, lathe, horizontal, cleaning, anodizing, and CMM; metal finishing services, such as electroless and selective nickel, anodizing, plating, e-polish, chemical cleaning, and parts refurbishment; and system integration, refurbishment, prototyping, and vendor managed inventory services, as well as electroplating services. In addition, it is involved in the assembly and integration of equipment and automated assembly lines; manufacture and assembly of stainless steel gaslines and weldment products; manufacture and repair of waste water treatment equipment; and holding of investment properties. The company serves semiconductor, electronic, machine tools, aerospace, and oil and gas industries. It operates in Singapore, Malaysia, the United States, Poland, Taiwan, South Korea, and the People’s Republic of China. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.

Creative

We had witnessed a wide thrust bar or a white soldier appeared on the chart today. A nice breaking out of the channel. Looks rather bullish!

Today action is coupled with slightly higher volume and close 59 cents higher at $6.59. Looks rather positive.

We may want to take advantage of this thrust bar and ride on this bullish momentum.

Short term wise, I think it may likely move up to retest $7.00 then $7.50 with extension to $8.00.

Not a call to buy or sell.

Please do your own due diligence.



Also do take note that the recent positive sentiment towards the company share price could be due to the launch of their Super X-Fi product that is due to be launched in the market soon.

Creative Technology Ltd., together with its subsidiaries, designs, manufactures, and distributes digital entertainment products worldwide. It primarily provides digitized sound and video boards, computers, and related multimedia and personal digital entertainment products. The company also offers sound blasters, gaming headsets, speakers, headphones, MP3 players, Web cameras, and accessories, as well as software products. In addition, it provides multimedia solutions for personal computers and personal digital entertainment products. The company markets its products and solutions to consumers and system integrators through a distribution network, including traditional marketing channels, original equipment manufacturers, and Internet. Creative Technology Ltd. was founded in 1981 and is based in Singapore.

Keppel Corp

Oil prices slip after Trump criticizes OPEC

It is still hovering at $71.27 level. cnbc.com ( 20th Sept 2018)

Today 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!

Short term wise, I think it may likely move up to retest $7.00 then $7.20 with extension to $7.40 level.

Oil prices surge past $70 mark and close well at $71.12. Looking good to continue to rise further.

Keppel Corp may likely rise to retest 6.80 then 7.00.

Not a call to buy or sell.

Pls dyodd.

I think Keppel Corp may tend to benefit with oil price heading higher and the potential of winning more new rigs orders..

2Q2018 result:

looks like a good set of financial result.

EPS of 32.2 cents for 1H 2018 an increased of 38% , looks rather impressive.

Estimated whole year EPS of 64.4 cents. Current price of $6.73 would be having a PE of 10.45x. Looks quite attractive.

Interim dividend increased of 2 cents to 10 cents + a Special dividend of 5 cents. Total 15 cents.

Shareholders would be more than happy to see dividend increasing.

Short term wise, we may see a boost in share price given a good set of financial nos.

Not a call to buy or sell.

Please do your own due diligence.

Net profit was S$583m  EVA was S$275m

 Annualised ROE was 9.9%

 Free cash inflow of S$886m in 1H 2018, vs inflow of S$204m in 1H 2017

 Net gearing was 0.40x at end-Jun 2018 vs 0.46x at end-Dec 2017

 Declared interim dividend of 10.0 cents per share and special dividend per share of 5.0 cents for 1H 2018

1H 2018 net profit S$583m, up 38% yoy

Multiple Earnings Streams 

 Recurring income was S$130m or 22% of net profit for 1H 2018

Marine & Off-shore Net Loss of 40m.

Net loss due to lower work volume and associate contributions, and higher overseas taxes

 Lower overheads contributed to S$14m operating profit in 1H 2018

 1H 2018 new contracts of over S$1.2b including S$680m in 2Q 2018:

 Two new jackup orders from Borr Drilling as part of five-rig deal worth US$745m

 Two dual-fuel dredgers from Van Oord and a dual-fuel tanker from Sinanju

Net order book of S$4.6b as at end-Jun 2018

Property

1H 2018 net profit S$603m, up 214% yoy

Infrastructure 

1H 2018 net profit S$66m, up 16% yoy

Key Highlights  Keppel Infrastructure continues to deliver steady earnings

 Keppel Marina East Desalination Plant (KMEDP) close to 50% completed

 Hong Kong Integrated Waste Management Facility (HKIWMF) in design and engineering phase

 Recurring revenue of ~S$70m from Infrastructure Services in 1H 2018

 KMEDP and HKIWMF to boost recurring revenue when operational

Investments

1H 2018 net loss $46m.