Estimating a PE of 18x that is 81 cents would be fairly achievable.
Dividend has been increased slightly from 0.6 cents to 0.68 cents.
Cash flow is healthy .
Not a call to buy or sell. Pls dyodd.
Thursday, February 28, 2019
Food Empire
FY net profit is up 33.3% to 17.7m.
EPS of 4.5 cents(3.39 US cents) . PE of 12.3x base on closing price of 55.5 cents is still looking undervalue.
Estimating a PE of 18x that is 81 cents would be fairly achievable.
Dividend has been increased slightly from 0.6 cents to 0.68 cents.
Cash flow is healthy .
Not a call to buy or sell. Pls dyodd.
Estimating a PE of 18x that is 81 cents would be fairly achievable.
Dividend has been increased slightly from 0.6 cents to 0.68 cents.
Cash flow is healthy .
Not a call to buy or sell. Pls dyodd.
Wednesday, February 27, 2019
KepCorp
Chart wise, looks rather weak!
Likely to retest 6.16 again!
Breaking down Plus high volume that may drive the price lower to revisit 5.98 soon.
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.
Likely to retest 6.16 again!
Breaking down Plus high volume that may drive the price lower to revisit 5.98 soon.
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.
Hong Leong Fin
FY result is out!
Net profit is up 38.1% to 118m versus 85m last year.
EPS of 26.56 cents.
A beautiful set of financial numbers!
Final dividend of 10 cents being declared.
XD 6th May.
Looks like tomorrow price may Gap up and head higher towards 2.80 then 2.88 level.
NAV $4.20.
PE 10.28x.
Not a call to buy or sell.
Pls dyodd.
Hong Leong Finance Limited provides various financial services for business enterprises and retail customers in Singapore. The company accepts savings and business current accounts, as well as fixed deposits. It also offers new and used car, home, and private housing loans, as well as share financing services; and mortgage equity services. In addition, the company provides commercial and industrial property, development, HDB SME, SME equipment and factory, SME micro, SME working capital, and working capital term loans, as well as loans for conservation property; internationalization finance and loan insurance schemes; equipment financing and refinancing, factoring and accounts receivable financing, hire purchase, inventory financing, medical asset financing, project receivables and payables financing, revolving working capital financing, and suppliers’ invoice and vessel financing services; letters of credit; and SME care programs. Further, it offers corporate advisory services comprising financial advisory, mergers and acquisitions, restructuring, project and investment evaluation, and independent financial advisory services; and equity fund raising services consisting of initial public offering, secondary fund raising, and shares underwriting services, as well as operates as an issue manager and catalist full sponsor. It operates through a network of 28 branches. The company was incorporated in 1961 and is headquartered in Singapore. Hong Leong Finance Limited is a subsidiary of Hong Leong Investment Holdings Pte. Ltd.
Looks like tomorrow price may Gap up and head higher towards 2.80 then 2.88 level.
NAV $4.20.
PE 10.28x.
Not a call to buy or sell.
Pls dyodd.
Hong Leong Finance Limited provides various financial services for business enterprises and retail customers in Singapore. The company accepts savings and business current accounts, as well as fixed deposits. It also offers new and used car, home, and private housing loans, as well as share financing services; and mortgage equity services. In addition, the company provides commercial and industrial property, development, HDB SME, SME equipment and factory, SME micro, SME working capital, and working capital term loans, as well as loans for conservation property; internationalization finance and loan insurance schemes; equipment financing and refinancing, factoring and accounts receivable financing, hire purchase, inventory financing, medical asset financing, project receivables and payables financing, revolving working capital financing, and suppliers’ invoice and vessel financing services; letters of credit; and SME care programs. Further, it offers corporate advisory services comprising financial advisory, mergers and acquisitions, restructuring, project and investment evaluation, and independent financial advisory services; and equity fund raising services consisting of initial public offering, secondary fund raising, and shares underwriting services, as well as operates as an issue manager and catalist full sponsor. It operates through a network of 28 branches. The company was incorporated in 1961 and is headquartered in Singapore. Hong Leong Finance Limited is a subsidiary of Hong Leong Investment Holdings Pte. Ltd.
Tuesday, February 26, 2019
OUE
FY result is out .
FY net profit is down 89.4% to $10m.
OUE’s Full Year 2018 Revenue at S$642.9 million; Total Proposed Dividend of 12.0 Singapore cent.
Will it continues to Chiong tomorrow with the proposed dividend of 12 cents !
Chart wise, looks Bullish!
Breaking out of $1.62 plus good volume that may propel to drive the price higher towards 1.80 & above .
Not a call to buy or sell.
Pls dyodd.
FY net profit is down 89.4% to $10m.
OUE’s Full Year 2018 Revenue at S$642.9 million; Total Proposed Dividend of 12.0 Singapore cent.
Will it continues to Chiong tomorrow with the proposed dividend of 12 cents !
Chart wise, looks Bullish!
Breaking out of $1.62 plus good volume that may propel to drive the price higher towards 1.80 & above .
Not a call to buy or sell.
Pls dyodd.
Saturday, February 23, 2019
Singapore Saving Bond
March 2019 offer rate is 1st year 1.95%, 2nd year 1.95%, 3rd year 1.97%, 4th year 2.05%, 7th year 2.3%, 9th year 2.48% and 10th year 2.55%.
Bond Id GX19030Z
Closing date is 25th Feb 2019 9pm.
Interest payments half year from Sept 2019 and Mar 2020.
10 year average interest is 2.18%.
I think is quite good as interest rate is still much higher than bank interest of 0.5%.
December offer rates is out!
Fantastic! 1st year 1.89%, 10 years 3.04% .
Don't miss out!
Closing date on 27th Nov 9pm.
Pls dyodd.
Singapore Saving Bond click here to view.
Nov rate is out!
Looks attractive!
First year 1.8%, average for 10 years 2.48%.
Closing date of application : 26 Oct 2018.
It is now available for applying .
Applicant may apply via Internet banking from the 3 local banks such as DBS,Uob & OCBC .
Closing date of application is on 25th September 9pm.
First year interest is 1.74% & 10 year interest is about 2.42%. You may refer to the table below ;
Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.
Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change.
This makes them one of the safest possible investments for individuals to hold.
Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%. Flexible : Or, choose to exit your investment in any given month, with no penalties.
There is no need to decide on a specific investment period at the start.
Before you Apply: You will need: A bank account with DBS/POSB, OCBC or UOB. Visit any of the three local banks’ branches in Singapore to open a bank account.
An individual CDP Securities account linked to any of your bank accounts through direct crediting service (DCS). CDP is the custodian for Savings Bonds and will process applications, interest payments and redemptions. Visit CDP's webpage for information on opening your CDP Securities account.
$2 transaction fee A non-refundable transaction fee will be charged by the bank for each application request.
After you have Apply: MAS will allot the new Savings Bond among applicants on the 3rd last business day of the month (called the "Allotment Day")You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account.
The application results will be available on the Announcements page after 3.00pm on Allotment Day. Should the total amount of applications exceed the amount on offer in a particular month, you may not get the full amount you applied for (why not?). The excess cash will be refunded to you by the end of the 2nd last business day of the month.
Savings Bonds will be issued on the 1st business day of the following month. You will be notified by CDP via mail of the amount of Savings Bonds allotted to you. You can also check your holdings online through the CDP Internet service or by calling CDP at 6535-7511.
Received your interest : You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account. Interest will be paid every six months after that, on the 1st business day of the month. The interest payments will be reflected in your CDP statements. When your bond matures Each Savings Bond has a term of ten years. At the end of ten years, your principal and the last interest payment will be automatically credited to your DCS bank account.
You do not need to take any action, and the $2 transaction fee is not applicable in this instance. Redeeming early You can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early. To redeem your bond: Submit your redemption requests through the DBS/POSB, OCBC or UOB ATMs, or Internet Banking portals. Redeem in multiples of $500 up to the amount you have invested for each bond. You can redeem more than one bond per month. A $2 transaction fee will apply for each redemption request. Please note that you will not be able to amend or cancel submitted redemption requests.
The redemption period opens at 6pm on the 1st business day of each month and closes at 9pm on the 4th last business day of the month. Redemption proceeds will be paid by the end of the 2nd business day of the following month. Will I receive any interest? Savings Bonds pay interest every 6 months.
If you redeem your bond when there is a scheduled interest payment, you will receive the scheduled interest together with your redemption amount. If you redeem before the scheduled interest is paid, you will receive a pro-rated amount, called the accrued interest, which is the interest you have earned but have not been paid.
Bond Id GX19030Z
Closing date is 25th Feb 2019 9pm.
Interest payments half year from Sept 2019 and Mar 2020.
10 year average interest is 2.18%.
I think is quite good as interest rate is still much higher than bank interest of 0.5%.
December offer rates is out!
Fantastic! 1st year 1.89%, 10 years 3.04% .
Don't miss out!
Pls dyodd.
Singapore Saving Bond click here to view.
Nov rate is out!
Looks attractive!
First year 1.8%, average for 10 years 2.48%.
Closing date of application : 26 Oct 2018.
It is now available for applying .
Applicant may apply via Internet banking from the 3 local banks such as DBS,Uob & OCBC .
First year interest is 1.74% & 10 year interest is about 2.42%. You may refer to the table below ;
Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.
Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change.
This makes them one of the safest possible investments for individuals to hold.
Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%. Flexible : Or, choose to exit your investment in any given month, with no penalties.
There is no need to decide on a specific investment period at the start.
Before you Apply: You will need: A bank account with DBS/POSB, OCBC or UOB. Visit any of the three local banks’ branches in Singapore to open a bank account.
An individual CDP Securities account linked to any of your bank accounts through direct crediting service (DCS). CDP is the custodian for Savings Bonds and will process applications, interest payments and redemptions. Visit CDP's webpage for information on opening your CDP Securities account.
$2 transaction fee A non-refundable transaction fee will be charged by the bank for each application request.
After you have Apply: MAS will allot the new Savings Bond among applicants on the 3rd last business day of the month (called the "Allotment Day")You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account.
The application results will be available on the Announcements page after 3.00pm on Allotment Day. Should the total amount of applications exceed the amount on offer in a particular month, you may not get the full amount you applied for (why not?). The excess cash will be refunded to you by the end of the 2nd last business day of the month.
Savings Bonds will be issued on the 1st business day of the following month. You will be notified by CDP via mail of the amount of Savings Bonds allotted to you. You can also check your holdings online through the CDP Internet service or by calling CDP at 6535-7511.
Received your interest : You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account. Interest will be paid every six months after that, on the 1st business day of the month. The interest payments will be reflected in your CDP statements. When your bond matures Each Savings Bond has a term of ten years. At the end of ten years, your principal and the last interest payment will be automatically credited to your DCS bank account.
You do not need to take any action, and the $2 transaction fee is not applicable in this instance. Redeeming early You can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early. To redeem your bond: Submit your redemption requests through the DBS/POSB, OCBC or UOB ATMs, or Internet Banking portals. Redeem in multiples of $500 up to the amount you have invested for each bond. You can redeem more than one bond per month. A $2 transaction fee will apply for each redemption request. Please note that you will not be able to amend or cancel submitted redemption requests.
The redemption period opens at 6pm on the 1st business day of each month and closes at 9pm on the 4th last business day of the month. Redemption proceeds will be paid by the end of the 2nd business day of the following month. Will I receive any interest? Savings Bonds pay interest every 6 months.
If you redeem your bond when there is a scheduled interest payment, you will receive the scheduled interest together with your redemption amount. If you redeem before the scheduled interest is paid, you will receive a pro-rated amount, called the accrued interest, which is the interest you have earned but have not been paid.
Friday, February 22, 2019
Chip Eng Seng
Chip Eng Seng Corp more than doubled its profits in the fourth quarter, on the back of both revenue growth and heftier contributions from associates.
Net profit jumped by 102.4 per cent to S$26.6 million for the three months to Dec 31, 2018, up from S$13.1 million the previous year, according to results released on Friday.
4th quarter EPS of 4.25 cents is more than double last year EPS of 2.11 cents.
Full Year EPS of 10.13 cents, PE is 7.15x.
Dividend of 4 cents is being declared. XD on 7 May. Payment date 23 May.
A fantastic set of financial results.
Chart wise, Looks like it may rise to retest 76.5 cents which is the immediate resistance. Breaking out of 76.5 cents with ease plus good volume that may propel to drive the price higher towards 84 cents then 86 cents.
Not a call to buy or sell.
Pls dyodd.
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