Category: Singapore Stocks Investing
Dear readers, Sheng Siong Group stock closed at $0.94 yesterday after announcing that the Group posted a 25.7% increase in earnings in its 3Q17 results. CIMB is maintaining its “hold” call on Sheng Siong with a higher target price of $0.98. Meanwhile, UOB and Philip Capital are giving target prices of $1.06 and $1.13 respectively on the stock. The analyst reports which I have read highlight the need for Sheng Siong to continue to secure new supermarket sites for growth, amidst the intense supermarket competition on online and offline.
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Dear readers, Fu Yu stock yesterday headed south by 4.762% to close the trading day at $0.20. I sold off the entire investment in Fu Yu stock at the start of the trading day yesterday. No doubt I have been saying a lot of good things of this stock before, for instance you can read my previous post here ; the fact is that all of these good words were made before the announcement that on 23 Oct 2017, a substantial shareholder, Mr Ng Hock Ching sold off a total of close to 65.9 million shares for a total consideration of close to $11.9 million. I tried to understand what happened as to why there was a disposal of such a substantial stake in Fu Yu stock. I could not understand more than knowing that such a sale would normally mean the investor letting go of his investment is bearish on the stock, hence I sold off my stake in Fu Yu stock. Read more »
Dear readers, Razer Inc, a company based in Singapore and the US plans to launch today a Hong Kong IPO which is valued at S$750 million. Razer is known for its gaming mouse and also laptops and it has a niche offering for gaming enthusiasts. In August this year, the CEO of Razer Inc, Mr Tan Ming Liang responded to PM Lee’s call for a proposal on an island-wide electronic payment solution. Also, it is recently announced that Razer Inc would be on its way to rolling out smart phones which may have a feature central for gaming enthusiasts as well. Read more »
Dear readers, let us look at six stocks on the Singapore stocks exchange which are LOW in debt but HIGH in revenue growth for the preceding year.
First is Global Palm Resources stock with a one-year revenue growth of 27.94% and a low debt-to-equity ratio of 0.07%.Read more »
Dear readers, on the first trading day of the year, one stock was trading at $0.47 but on 27 Oct 2017, this stock has already rallied almost 80% year-to-date. What is the name of this stock? Well, this stock is none other than Lian Beng Group stock. Read more »
Dear readers, in case you are not aware, in the United States of America, pharmaceutical stocks are currently getting a beating as a result of President Trump’s war on opioids. In case you do not know, opioids are ingredients in certain medications to relieve certain medical symptoms. Though these are prescribed as drugs, the case of abuse like overdose are a cause of concerns in America in light that precious lives have been affected by the abuse of opioids. Read more »
There has been a flurry of divestments for Keppel Corporation:
a) divestment of entire interest in Kepwealth Property Phils for S$20.95mRead more »