STI ETF

Today Gap down doesn't look good ! Likely to continue to trend lower!

Is good to be cautious!

20th Oct 2018
I think is almost good time to revisit this STI ETF as can be seen from the chart, RSI is gently rising . Market may still has some room to go lower and the bottom line could be somewhere near 2830 level.

PE is about 10.69x which is still undervalue as the historical average PE is about 15x.
Dividend yield of about 3.63%.

When is the Best time to lock in profit is when the RSI is over 70 and the PE is more than 20.

Not a call to buy or sell.
Pls dyodd.

I think good investing does not require too many fanciful ideas and strategies. Just one simple no-brainer strategy that can work effectively through time and allow us to sit back and relax to enjoyr the reward of the investment that is working effortlessly to achieve our investment goal of getting 8-10% gain( passive income).

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 .

In any one year, there will be three to four such window opportunities of overbought or oversold conditions to operate by buying or selling units of the ETF. At the same time, we can also kept some units always to receive dividend income and for their long term growth in price appreciation.

With discipline and patience , one should be able to get good average returns per year in excess of certain % by this one simple strategy of investing in one single ETF .I think This simple one strategy is safe and allow one to sleep soundly at night without worry of negative news affecting individual stocks in one's portfolio which could crash the share price of the particular stock the next day. This is because even if one or two of the component stocks in STI ETF of blue chips should collapse in share prices, there will be 28 others to diversify away the risk of the entire portfolio collapsing at anytime.

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.

RSP :

Just sharing.

Not a call to buy or sell.






Please do your own due diligence.

SingTel

This is perhaps one of the solid blue chips for Telco that you may want to take note of!

Yearly dividend of 17.5 cents .
Yield of 5.65% base on current price of $3.10.


Chart wise, looks bearish!
Immediate support is at $3.08. Next support is at $3.05 then $3.02.
The major support is at $3.00 region.

At $3.02, the yield would be 5.8% looks very attractive to me and is almost on par with most of the Reits counter that is yielding a yield of 5-7%.

I would be looking at the golden opportunity to accumulate if price further weaken to $3.05 and below.


Not a call to buy or sell.

Please do your own due diligence!


The management has made announcement in FY2017 that they would continue to payout 17.5 cents of dividend for 2 financial years.

The dividend of 17.5 cents for next 2 financial years is here.

Let us take a look at their past years financial numbers as per below tables:

Average Underlying Net Profit is about $3.7b.

Assuming future underlying Net profit may go lower, may be about $3.4-$3.5b.
0.75 X $3.45b = 2.5875 / 16.322(no of share) = 15.85 cents.

No of shares = 16.322 b 
Payout ratio 75% 

If Payout ration 60% , then dividend per share is about 12.7 cents.

Their free cash flow of about $3.6b I think has no problem to continue in paying out the dividend.

OCBC

OCBC is one of the nicer short term bullish chart patterns as compare to the other 2 bank counter.

I think it may still attempt to re-conquer $11.56 and head higher to retest $12.00 and above.


My Trading plan is as follows:-

1. EP $11.57
2. SL $11.32
3. TP $$12.15 - $$12.29


Not a call to buy or sell.

Pls dyodd.

8th Nov 2018
Ocbc Bank counter has managed to Gap up again and follow through with yet another 4th white soldier as reflected on the chart ,this is rather bullish!

Today - 8 Nov it has managed to close well at $11.53 , looks positive and it may likely move up to test $11.90 then $12.00.


Please dyodd.

Trade/invest base on your own decision.


3rd quarter 2018 net profit grew 12% to $1.25b. Return of equity higher at 12.6%.

9M18 Group Performance, Net profit increased 18% YOY to $3.57b.

A beautiful set of result!
Not sure how will market reacts to the latest result.


One word! Nice and beautiful follow-through moment as reflected on the chart today with a second white soldiers.

Yesterday, we have witnessed the Bullish Engulfing candlestick pattern that is more or less signalling the end of the downtrend reversal indication.

Today market has provided us with the answer and close well at $10.74 , Up 26 cents with convincingly High volume. This is rather bullish!

Short term wise, I think it may likely continue to head higher to re-visit $11.00 then $11.23 level.

Not a call to buy or sell.

Pls dyodd.

Do you happen to notice the same patterns has been repeating itself.
Is good to be extra cautious!

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services. This segment also offers investment advice and portfolio management, estate and trust planning, and wealth structuring services for high net worth individuals. Its Global Corporate/Investment Banking segment provides project financing, overdrafts, trade financing, and deposit accounts; fee-based services, such as cash management and custodian services; and investment banking services, including financing solutions, syndicated loans and advisory services, corporate finance services for initial public offerings, secondary fund-raising, and takeovers and mergers, as well as customized and structured equity-linked financing services. It serves corporates, public sector, and small and medium enterprises. The company's Global Treasury and Markets segment is involved in the foreign exchange activities, money market operations, and fixed income and derivatives trading, as well as provision of structured treasury products and financial solutions. Its OCBC Wing Hang segment offers commercial banking, consumer financing, share brokerage, and insurance services. The company’s Insurance segment provides fund management services, and life and general insurance products. Its Others segment is involved in property and investment holding activities. As of May 7, 2018, the company operated a network of 590 branches and representative offices in 18 countries and regions. Oversea-Chinese Banking Corporation Limited was founded in 1912 and is headquartered in Singapore.

ComfortDelgro

Yesterday it has a slight rebound after the drastic sold down. Still looks rather bearish!

Would it be able to hold up $2.18 level ! Failing which ,we may see it slide further down ..

9th Nov
From TA point of view, it is rather Bearish!

It has broken down the lower Trend line at about $2.22 and close lower at $2.18, this is super bearish!

Short term wise , I think it may likely go down to retest $2.07 then 2.00 with extension to $1.95.


Not a call to buy or sell.

Please do your own due diligence.



 ComfortDelGro Corporation Limited, an investment holding company, operates as a land transportation company. It offers public bus and charter bus services; rail services; motor vehicle evaluation and other related services; public taxi services through the rental of taxis to hirers; car rental, and car care and leasing services; outdoor advertising services; and taxi booking services. The company also provides vehicle inspection and other related services; non-vehicle testing, inspection, and consultancy services; coach services; private hire services; crash repair services; bus station services; professional and building inspection, and engineering services; charge card facilities; and charter, coach, and terminal services. In addition, it operates driving schools; and workshops for repairing, servicing, and general maintenance of motor vehicles, as well as acts as a dealer in diesel for motor vehicles. Further, the company rents buses to hirers and provides related services; and constructs specialized vehicles and assembles bus bodies. As of May 11, 2018, it operated a fleet of 41,500 buses, taxis, and rental vehicles. The company has operations in Singapore, the United Kingdom, Ireland, Australia, China, Vietnam, and Malaysia. ComfortDelGro Corporation Limited was incorporated in 2003 and is headquartered in Singapore

Ocbc Bank

Ocbc Bank counter has managed to Gap up again and follow through with yet another 4th white soldier as reflected on the chart ,this is rather bullish!

Today - 8 Nov it has managed to close well at $11.53 , looks positive and it may likely move up to test $11.90 then $12.00.


Please dyodd.

Trade/invest base on your own decision.


3rd quarter 2018 net profit grew 12% to $1.25b. Return of equity higher at 12.6%.

9M18 Group Performance, Net profit increased 18% YOY to $3.57b.

A beautiful set of result!
Not sure how will market reacts to the latest result.


One word! Nice and beautiful follow-through moment as reflected on the chart today with a second white soldiers.

Yesterday, we have witnessed the Bullish Engulfing candlestick pattern that is more or less signalling the end of the downtrend reversal indication.

Today market has provided us with the answer and close well at $10.74 , Up 26 cents with convincingly High volume. This is rather bullish!

Short term wise, I think it may likely continue to head higher to re-visit $11.00 then $11.23 level.

Not a call to buy or sell.

Pls dyodd.

Do you happen to notice the same patterns has been repeating itself.
Is good to be extra cautious!

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services. This segment also offers investment advice and portfolio management, estate and trust planning, and wealth structuring services for high net worth individuals. Its Global Corporate/Investment Banking segment provides project financing, overdrafts, trade financing, and deposit accounts; fee-based services, such as cash management and custodian services; and investment banking services, including financing solutions, syndicated loans and advisory services, corporate finance services for initial public offerings, secondary fund-raising, and takeovers and mergers, as well as customized and structured equity-linked financing services. It serves corporates, public sector, and small and medium enterprises. The company's Global Treasury and Markets segment is involved in the foreign exchange activities, money market operations, and fixed income and derivatives trading, as well as provision of structured treasury products and financial solutions. Its OCBC Wing Hang segment offers commercial banking, consumer financing, share brokerage, and insurance services. The company’s Insurance segment provides fund management services, and life and general insurance products. Its Others segment is involved in property and investment holding activities. As of May 7, 2018, the company operated a network of 590 branches and representative offices in 18 countries and regions. Oversea-Chinese Banking Corporation Limited was founded in 1912 and is headquartered in Singapore.

Frasers L&I Trust

FLT FULL YEAR DPU UP 2.6% TO 7.19 SINGAPORE CENTS

 4QFY18 Distributable Income 35.6% higher at A$36.0 million

 Two leases signed in 4QFY18 bringing total leasing completed in FY2018 to 296,953 sq m

 Occupancy of 99.6% and WALE of 6.87 years as at 30 September 2018

 FLT portfolio valued at approximately A$3.0 billion, an uplift of A$56.0 million.


DPU of 2.57 cents ex.dividend on 12th Nov. Pay date is on 19 Dec 2018. Total DPU for half year would be 3.58 cents including 1.01 cents being advanced DPU being paid out due to placement of new share in May.

Distribution Policy FLT will distribute at least 90.0% of its Distributable Income. Distributions will be made on a semi-annual basis for the six-month periods ending 31 March and 30 September. The actual level of distributions above 90% is to be determined at the REIT Manager’s discretion. Unitholders have the option to elect to receive distributions in Singapore dollars or Australian dollars.


Adjusted NPI for 4QFY18 of A$49.3 million was A$17.0 million (or 52.6%) higher than 4QFY17. The higher Adjusted NPI for 4QFY18 was contributed by the 2018 Australian Acquisition (A$0.3 million); the 2018 European Acquisition (A$13.2 million (€8.4 million)); and the 2017 Acquisition Transaction (A$2.7 million). The net effect of the annual fixed rental increment in the Australian portfolio and other income of A$2.0 million for 4QFY18 which relates to the early surrender fee received for Lot 105 Springhill Road, Port Kembla, New South Wales, also contributed to the increase in the Adjusted NPI. These were partly offset by the effect of the 2018 Divestments.

4QFY18 finance costs of A$7.6 million was A$3.2 million higher than 4QFY17. This was due mainly to higher borrowings to finance the 2018 European Acquisition during the financial year and the 2017 Acquisition Transaction. Actual weighted average interest rate (excluding upfront debt related expenses) for 4QFY18 was 2.5% and 4QFY17 was 2.8% per annum. At 30 September 2018, 82% (30 September 2017: 72%) of borrowings were at fixed rates.

The actual total return attributable to Unitholders of the Trust for 4QFY18 of A$96.1 million was A$67.2 million (or 231.7%) higher than 4QFY17 which included (a) gain on the 2018 Divestments of A$23.4 million (4QFY17: Nil); (b) a fair value gain on investment properties of A$54.7 million (4QFY17: A$11.5 million).

Tax expenses for 4QFY18 of A$18.1 million was A$11.1 million (or 156.3%) higher than 4QFY17. Current income tax was higher due mainly to higher distributable income, tax arising from the gain recorded for the 2018 Divestments and on other income. Deferred tax charge was also higher due mainly to the fair value gain recorded for investment properties.


 The REIT Manager has elected to receive 100% of the 4QFY18 quarterly base management fee in the form of units (4QFY17:100% in units).

Income available for distribution to unitholders was A$34.0 million, an increase of 28.0% over 4QFY17. The REIT Manager has declared a distribution of A$2.0 million from the gain on the 2018 Divestments.

Yield is about 7.05% base on DPU of 7.19 cents, current share price of $1.02.

Result seems quite good as DPU of 1.78 cents for 4th quarter seems to be able to maintain about the same as per last year of 1.77 cents.

Not a call to buy or sell.

Pls dyodd.


In the short term, demand for industrial and logistics real estate are expected to remain high and rental rates to rise further. For the near future, the economy is expected to grow and drive demand for both industrial and logistics real estate. The increase of e-commerce will result in both new large scale e-fulfillment centers and smaller city hubs for the last-mile city distribution.

Overview The REIT Manager continues to monitor developments on the global trade tensions. Looking ahead, the REIT Manager will continue to grow FLT’s prime industrial portfolio with a focus on generating sustainable and long-term value for FLT unitholders.