SG Investor Hub Blog

Ernest’s market outlook (24 Feb 17)

Dear all, Dow has hit daily highs for 11 consecutive sessions, its longest streak of records since 1987! What’s next for our markets?   S&P500 Just to recap what I have mentioned on 10 Feb 2017 (see HERE), I wrote “various indicators such as RSI, MACD, OBV and MFI continue to exhibit bearish divergences. ADX has slid from 41 in Dec 2016 to close at around 18 on 10 Feb 2017, which is indicative of a trendless market. RSI closed at 70 on 10 Feb 2017. Given the various chart indications, although S&P500 continues to be on an uptrend amid […]

BBR Holdings FY16 Results – The Good & The Bad

This is a continuation of my earlier posts on BBR Holdings, so I shan’t go into the basic stuff. This post should be a quick update. The company released it’s FY16Q4 results, and I’ve torn into it. Again, nothing too surprising in there, everything is within my projections. I have lightened my stake in the […]

Midas issued positive profit alert! (24 Feb 17)

Dear all, Midas issued a positive profit alert yesterday. It cited “…based on the Board’s preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2016, the Group expects to record a substantial increase by over 70% in its profit attributable to owners of the Company for the year ended 31 December 2016 as compared to the same period of previous year. Such increase was mainly attributable to the contribution from our Aluminium Stretched Plates Division which we completed the acquisition on 27 July 2016.” What does this mean?   My personal take on […]

Saving : Monitoring your Expenses or Behavioral

    
<Image Credit: Haikudeck.com>

  Personal Cash Flow Management

I have seen
many blogs written about monitoring the expenses and some some blogger’s recommendation of apps which could
monitor our expenses in detail .

Frankly, I
didn’t monitor my expenses in such manner and I “ agak-agak”  know how much I spent monthly on those fix
items and some major items yearly such as

Q&M Dental

morning,

been watching QnM dental since eons. Target price 0.90-1.00 by some of the houses report. But prices havent move much ever since. Possible that there are events happening underway or upcoming in the weeks/months to come. After all, companies have a planned schedule of announcements. 

Link below shared with me by a friend.

Meanwhile, a few clients asking me on Nico steel. Should you have info and insights, do share with me too.

Q&M Dental Group (Singapore) Limited is conducting a strategic review of its business, and has appointed Religare Capital Markets Corporate Finance to help with the task.
In an exchange filing late on Thursday evening, the group said that the independent review of options available for its business is in line with its commitment to enhance shareholder value.
“As part of the strategic review, the company, through Religare Capital Markets, may undertake preliminary discussions with various parties to evaluate the viability of options available for its business,” it said.
Q&M added that there is no assurance any transaction will materialise from the strategic review, and the company will make an announcement if there were any material developments.

http://www.businesstimes.com.sg/companies-markets/qm-dental-conducts-strategic-review-to-enhance-shareholder-value?xtor=CS3-24

*China Aviation Oil: 4Q16 net profit surged 57% to US$17.9m, bringing full year net profit to US$88.9m (+45.1%), beating street estimates. For the quarter, revenue grew 65.2% to US$3.3b from the increase in volume traded, while gross profit rose at a slower clip to US$10.6m (+32.3%). Further, bottom line was lifted by lower other operating expenses of $0.8m (-57%), as well as a spike in associate contribution (+36.7%) led by Shanghai Pudong International Airport Aviation Fuel Supply Company. Hiked first and final DPS to 4.5¢ (FY15: 3¢).

*Hyflux: FY16 net profit crashed 91% to $4.8m, despite revenue more than doubling to $987m (+121.7%), from contributions by TuasOne waste-to-energy project, Qurayyat Independent Water Project and Oman Tuaspring power plant. However, profits generated by the higher EPC projects were substantially wiped out by losses from the weak Singapore power market and electricity prices. Slashed final DPS to 0.25¢, bringing full year DPS to 0.45¢ (FY15: 1.7¢). NAV/share at $0.451.

*Far East Orchard: FY16 net profit surged to $65m (+123%), boosted by the development completion for commercial property project, SBF Center, as well as increased JV contribution. However, revenue fell 31.7% to $184.9m, on lower takings in both property development and hospitality. Gross margin widened 6ppts to 32.1% on a shift in mix, while the bottom line was also supported by the absence of a $4.9m goodwill impairment and positive FX swing of $11.1m. Maintained first and final DPS of 6¢. NAV/share at $2.91.

*ISEC: 4Q16 net profit spiked from a low base to $1.5m (4Q15: $0.1m), bringing FY16 earnings to $6.5m (+136%), slightly below forecast. For the year, revenue jumped 15% to $30.8m, from contribution of recently-acquired Southern Specialist Eye Centre and increased patient visits in Malaysia, but mitigated by the closure of loss-making International Specialist Eye Centre in Singapore. Accordingly, gross margin expanded 3.3ppts to 47.9%. Final DPS of 0.11¢ declared, bringing FY16 payout to 0.99¢ (FY15: 0.44¢). MKE last had a Buy with TP of $0.42.

*Memtech: 4Q16 net profit climbed 5.9% to US$4m, as revenue rose 25.5% to US$47.9m, led by improvements from consumer electronics and automotive segments, which outweighed weakness from telecommunication. Pretax margin narrowed 2ppt to 8.6% on higher staff and goods transportation costs, as well as an absence of a write-back of doubtful trade receivables. Healthy net cash of US$24m accounts for 39% of market cap. However, group cut its first and final DPS to 2.5¢ (FY15: 3.3¢).

*Frencken: 4Q16 net profit surged 5x to $4.4m, lifted mainly from the absence of an impairment loss. Revenue climbed 7.8% to $111.2m on stronger sales in mechatronics (+15%), but partially weighed by lower contribution from IMS (-2.3%). However, a 2.5ppt dip in gross margin to 14.6% negated the sales uplift. Higher first and final DPS of 1.2¢/share declared (FY15: 0.75¢). NAV/share at 0.5229.

*Q&M: Undertaking an independent strategic review and has appointed Religare Capital Markets as financial adviser. MKE last had a Buy with TP of $1.00.

*Global Premium Hotels: Received conditional privatisation offer at a final price of $0.365/share, representing 14% premium to last traded price, from Chairman Dr. Koh Wee Meng, who has secured undertakings for 71% of shares. The offer values the group at 0.53x P/B.

*Tritech: Awarded a Rmb10.5m contract to design, install and construct a waste water treatment plant in Hebei, China, with a capacity of 2,500 cubic meters per day.

How Heartland Boy Earned $1058 Cashback In 2016

2017 was the first year that Heartland Boy officially stopped receiving angbaos. This meant that he can no longer rely on red packets to grow his annual savings. However, Heartland Boy received greetings and well-wishes from the recipients in exchange. To be able to see the smiles on the children’s faces reminded him that he […]

The post How Heartland Boy Earned $1058 Cashback In 2016 appeared first on Heartland Boy.

My Keppel and Sembcorp in the Green

I’ve been so lazy (and also because the markets are sooooooooooooooooooooo boring) that I haven’t done an update post to my SGX portfolio since April 2016, haha!On the bright side, I do update the figures and it’s all on my sticky page, I just haven’t …