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Category: Singapore Stocks Investing
In a report released yesterday (9 Jun 2017), Hong Kong-based CLSA likes Singapore-listed China Jinjiang environment stock as it believes the company, a wastewater treatment operator can increase its treatment capacity rapidly from now to over 2020 by over 70% of its capacity to remain one of the top players in China. China JinJiang stock went north by 1.149% to close at $0.88 on 9 Jun 2017. China JinJiang stock is currently trading at 5.66% dividend yield at a Price-to-Book ratio of 1.147 and at a Price-to-Earnings ratio of 8.094. China JinJiang stock currently trades at around 10% lower than its 52-week high of $0.97. Read more »
Even as the stocks markets have already digested the fact that SIA incurred a surprising fourth-quarter net loss of S$138 million, its first in five years, SIA Chief said in a report dated 7 Jun 2017 that jobs at SIA are likely to be cut as part of the airline’s business review. When I heard this news, I was a bit surprised and also not surprised. Surprised in the sense that has SIA’s business gone so bad that the prospect of job cuts has to be factored in? Unsurprised as all along the airline business is really a very competitive one. Even investing legend Warren Buffet has his saying that he is not really into airline stocks. The fact being traditionally when the economy is good, cost of aviation oil is high and when the economy is not good, the demand for overseas travel and hence air flight demand is not strong too. Read more »
Dear reader, today, Moya Asia stock called for a trading halt. Before it requested for a trading halt, Moya Asia stock traded at $0.131. Tom K (myself) has predicted all this right before today’s good action in Moya Asia stock materialized! This is the proof . From this 27 May 2017 post, I have said that if the resistance of $0.115 is overcome, then Moya Asia stock will reach as high as close to $0.13. And just before I concluded that post, I said the large cash that Moya Asia holds is sufficient for growth through acquisitions. If you translate the two key notes of this post to today’s action: trading halt and before that a stock price of $0.131, you would see that how accurate I have predicted. And I would go as far as say that the halt should be pending an announcement to an acquisition of another company (let us see whether I am accurate here). Read more »
a) dividend yields of more than 4%;
b) low or zero debt; and
c) Price-to-Book ratio of less than 0.5
This will allow me to screen for stocks where one could buy at a 50% discount to its book value (criterion c) while ensuring that the stock is financially viable (criterion b) and while holding, the investor will be ensured of a high dividends stream of more than 4%.
I was surprised that currently on the Singapore stocks markets, there is only ONE stock which fits all the criteria. This stock is none other than Parkson Retail Asia stock which has a Price-to-Book ratio of 0.498, 5% dividends yield and zero debt. Currently, Parkson Retail Asia stock trades at $0.1, some 43% lower than its 52-week high of $0.175. Technically, Parkson Retail Asia stock seemed to find a support at the $0.09 level and the stock price seems to be inching north slowly.
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Yesterday after work, I went to the ATM, not to withdraw monies but to update my bank book. I have applied for Sanli IPO shares and tomorrow will be the IPO debut day for Sanli stock and hence I updated my book in a bid to understand whether my application or ballot for Sanli IPO is successful. To my dismay, one of the new entries in my bank book showed the figure equivalent to the amount of Sanli shares which I have balloted for and hence I knew that I was not successful, yet again. I understand that how difficult it is to get a successful ballot for an IPO stock, though this probability is slightly better than my ballot experience for the coveted NDP tickets. To put as record: I have been balloting for NDP tickets since year 2000 but was not successful. Read more »
Ever since Moya Asia stock touched an intra-day of $0.122 in the previous few sessions, the stock has been making lows recently. On 5 Jun 2016, the stock retreated to its support of $0.115, a price level which I have shared with readers before. But this low price was not long, yesterday (6 Jun 2016), Moya Asia stock rallied up from an intra-day low of $0.113 to close at $0.125, a price rally of 8.7%! With $0.125 level reached, could we say that the resistance of $0.122 for Moya Asia stock or more correctly Moya Holdings Asia has finally been crossed? And if so, will it means more upside for Moya Holdings Asia? Read more »
It has been some time since we last visit the constituent stocks of STI. Let us see which of the STI stocks are oversold and overbought as of 6 Jun 2017.
OVERSOLD STI STOCKS: SPH, SIA, Wilmar
My comments on the above Oversold STI stock is that for SPH, the decline in its share is likely to be in line with the lacklustre overall stocks markets sentiment. The factor of a new CEO in Mr Ng Yat Chung should have already been factored in by investors in the trading of SPH stock in the few days after the announcement of the new CEO. SIA’s stock performance is probably due to the effects of a recent lacklustre financial result while for Wilmar, some substantial shareholders recently disposed of some shares. Read more »
Dear readers, I would like to share another episode of Money Mind which first aired on 3 Jun 2017. This episode discussed about investing in gold, emerging financial markets and relooking at the definition of happiness in this world marked more and m…