29 February 2016

2 Banking Compliance Jobs Available~!

I got 2 roles from a client and would like to share with all:



  • Regulatory Consultant

Main Roles and Responsibilities

 Configure Lombard Risk products such as to satisfy the project scope and specification within the timetable set by and agreed

with the Project Manager/Principal Consultant.

 Report to the Project Manager/Principal Consultant any delays or expected delays to a project, whether due to internal or

customer delays, and in particular to highlight any potential scheduling conflicts that could result in such a delay.

 Report to the Project Manager/Principal Consultant any changes of project scope whether initiated by the client, identified by the

consultant or caused by regulatory change over the course of the project. Complete a Change Request document specifying the

change and the cost/time impact of the change for client approval.

 Maintain good relations with the client through regular written and verbal communication.

 Prepare and ensure regular checkpoints and contact reports (as appropriate) are sent to clients.

 Perform training of clients in Lombard Risk software as directed by the Project Manager.

 Maintain good relations with other departments and ensure that all documentation for other departments, particularly regarding

project work (e.g. Job Requests, T&M timesheets, etc.), is completed in a timely and efficient manner.

 Perform product testing as requested by Lombard Risk management and to complete the testing within the deadlines set.

 Ensure that client & project files and status reports are maintained in good order such that other teams, departments and senior

management can make reference to the files at any time for independent reference or to provide holiday or other absence cover.

 Report any problems with clients, staff, products and other departmental staff to the Manager – Professional Services


Requirement

5+ years of work experience of Singapore MAS Regulatory.

Reporting with knowledge of a wide range of products OR experience of working in the Regulatory Department of Accountancy firms having dealt with Regulatory Audits

Languages: Excellent written and oral English

Business Knowledge : Background in Singapore MAS Regulatory Reporting, with good knowledge of Basle 3 and experience of implementation of major regulatory changes.


2.Senior Regulatory Product Analyst

Qualifications & Requirements 

Work Experience 5+ years of work experience of Singapore MAS Regulatory 

Basic Requirements (Essential) Ideal Requirements (Advantageous) 

Reporting with knowledge of a wide range of products OR experience of working in the Regulatory Department of Accountancy firms having dealt with Regulatory Audits 

Experience of Regulatory Reporting projects or product delivery from an external software vendor framework will be beneficial 

Languages : Excellent written and oral English 

Business Knowledge Background in Singapore MAS Regulatory Reporting, with 

Technical Skills Knowledge of Microsoft Products, Excel, Word, PowerPoint 

Capabilities & Other qualities

Good knowledge of Basle 3 and experience of implementation of major regulatory changes, etc. 

Good analytical skills and fast documentation writing.   

Needs to be able to grasp difficult concepts with minimal knowledge - and where gaps in knowledge exist be a fast learner and self-motivated and resourceful to utilise different channels to fill in knowledge gaps.   

Needs investigative skills to remove ambiguity from the requirements in order to ensure that requirements are properly documented to a baseline state that can be agreed and moved forward to functionality specifications.   

Needs confidence to be able to constructively challenge the business on requirements as appropriate.   

Strong client presentation skills:   Good sense of humour. Excellent inter-personal skills are essential, including the ability to be patient with others.  Willingness and ability to travel is also essential. 

Experience working with Microsoft SQL or Oracle database







Interested parties please write in for further details

ST Engineering

ST Engineering: Q15 net profit was flat at $140.8m as stronger performances in other segments were offset by shipbuilding weakness. This brought FY15 earnings to $529m (-0.5%), falling within street estimates.

Revenue slipped 3% y/y to $6.33b, largely depressed by the oil-hit marine segment (-29%). Commercial sales remained stable at $4b or 64% of total revenue.

Segment highlights:
Aerospace - Pretax profit climbed 3% to $290.6m as revenue edged up 1% to $2.1b. Stronger performances in engineering & materials services, as well as component/engine repair & overhaul were offset by lower aircraft maintenance & modification works. Bottom line was partially shored by lower operating expenses, negative goodwill, and associates' FX gains.

Electronics - Pretax profit of $191m (+4%) was buoyed by higher revenue of $1.7b (+8%), underpinned by project milestone completions from software systems and increased satcom sales. Bottom line was partially offset by less favourable product mix and higher expenses.

Land systems - Pretax profit advanced 16% to $65m, due to lower inventory provisions and goodwill impairment, offset by unfavourable product mix. Revenue was flat at $1.4b

Marine: Pretax profit sank 28% to $88.3m in tandem with the 29% revenue slump to $958m, due to lower recognition from shipbuilding contracts from both local and US operations.

Management guided that FY16 pretax earnings would be comparable to FY15, with steady performances in the aerospace and electronics sectors, while marine and land systems are expected to lag.

The group declared a final and special DPS totaling $0.10, taking FY15 payout to $0.15 (unchanged).

ST Engineering is currently trading at 16.2x FY16e consensus P/E against historical 13-24x valuation range, and offers a defensive 5.3% dividend yield.

26 February 2016

4th report on Noble’s Credibility by Iceberg Research

Another short seller report on Noble.

fyi


https://icebergresearch.files.wordpress.com/2016/02/report-4-credibility.pdf

it's amazing how Iceberg, a nameless and rankless company set up in 2015 with less than 10 years of history, can bring down a S$1.00+ company.

Either the research company is very powerful to uncover the actual truth, or we (investors) are gullible and simply ruled by fear.

That said, my comments should not be translated or interpreted as a buy call. Of which i have told my friends to stay away from troubled counters; takes time for companies as such to recover to its former glory.

It is just a casual comment on the scale of damage done by a mere 'research' entity.

Any comment please reply to this post. I prefer open communications than replying to individual emails.

Happy weekend guys!

25 February 2016

Second round to short Eur/USD



As mentioned in my first email yesterday, eurusd came down to a low of 1.960+ last night around 2030hrs gmt + 8. However, the reversal is almost 180deg, resulting a very strong rebound, back to the range of 1.1030

This re-iterate my point to take any profits and plan for the next move. Taking profits along the way maximizes profits (provided your views are correct), rather than waiting for a initial and final price.

Please also note the impending announcements for US tonight.


Summary : 

Target Level : 1.0966

Analysis : 
Broke through Support level of 1.1 again










Chart date range : 
10-Feb-16:00 GMT-> 24-Feb-11:00 GMT
Data interval : hour
RSI: 34 Candles
MA: 34 Candles




Best World TP :$0.495




Morning all,

please note Best World (5ER) for short term trading. Results will be released today.

Please also note that the Target price is only a reference, because it depends many conditions such as the market, sudden big buyers or sellers and others.


Write out as below.


 

Best World: Anticipating another blowout year; consistent growth stock

Best World is scheduled to release its 4Q15 results after market close next Thu (25 Feb).

Based on the average 4Q/3Q sequential growth rate of 41% over the past two years, the beauty and health product distributor is estimated to post 48% y/y growth in 4Q15 revenue to $36.8m on the back of greater demand and increased customer acceptance of its products in Taiwan and China.

This is expected to generate a net profit of $2.9m (+44%) for the quarter, bringing full year earnings to $9.1m (+124%), barring any anomaly in gross margin and admin expenses.

If it materialises, the results would solidify six quarters of impressive earnings growth and give a much-needed fillip to the visibility and appetite for the counter.

While share price performance has been somewhat lacklustre (-1.4%) since the issue of Maybank KE's unrated note in Dec '15, the counter has outperformed the STI (-8.6%), FTSE ST Small Cap Index (-7.9%) and FTSE ST Fledgling Index (-5.1%).

At the current price of $0.345, Best World is valued at an implied P/E of 8.7x, or a 39% discount to peer average of 14.2x. The stock also offers an indicative dividend yield of 5.2% (based on FY14's payout ratio of 43.5%), and is backed by a solid balance sheet with net cash of $41.4m, representing 55% of market cap.

Pegging its at a conservative 12x, the stock could be valued at $0.495, implying a 43% upside.

Best World currently sits in the Market Insight Growth Portfolio.


24 February 2016

Singapore GDP Jumps 6.2% In Q4

Crude oil fell by approximately US$2 last night, currently standing at US$31+. STI would probably retract a bit after a few days of rally, even with a positive headline news on SG GDP.

I am currently watching Midas and Q&M dental.

Sino Grandness results will be out this coming Fri


Singapore GDP Jumps 6.2% In Q4

2/23/2016 7:15 PM ET
Singapore's gross domestic product expanded a seasonally adjusted, annualized 6.2 percent on quarter in the fourth quarter of 2015, the Ministry of Trade and Industry said in Wednesday's revised final reading.
That was up from January's preliminary reading that suggested an increase of 5.7 percent on quarter, and it was up from 1.7 percent in the third quarter.
On a yearly basis, GDP expanded 1.8 percent in the fourth quarter, unchanged from the Q3 reading but down from the preliminary reading for 2.0 percent.
For all of 2015, Singapore's GDP was up 2.0 percent.
by RTT Staff Writer





23 February 2016

Short EUR/USD



I received a note from a fellow trader. Furthermore based on fundamentals, ECB is very likely to do another round of QE, so i think EURUSD should plunge and break the support line.

This is a very possible movement, thus posting here to share with all.

For clients who are keen in FX trading, please contact me for more information.








Pattern : Descending Triangle 
Interval :
 240 Min

Pattern : Support 
Interval :
 240 Min

Pattern : Support 
Interval :
 240 Min



22 February 2016

What I Think About Oil?

DBS, Singapore' biggest lender, posted a 20 percent rise in quarterly profit that beat expectations, as its net interest margin rose to a five-year high.

On the other hand, this week Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling to survive the worst price crash in years.

In my views, only when Saudi has 'settled with US' then there will be a chance of oil recovering. As of now, any oil rally is rather limited. For friends who are keen to invest in Oil, I suggest UWTI which is listed in US market and it's the most popular oil counter with liquidity and accessibility.  





KEY HIGHLIGHTS

Update        

Wilmar International (WIL SP/BUY/S$3.16/Target: S$3.60)


2016 likely to be another good year, driven by growth from oilseeds & grains and recovery in the other two segments.

At A Glance
Corporate

OUE: 2015 net profit falls 85.7% yoy on lack of one-off gain.  


Sector

Aviation: Singapore Airshow racks up US$12.3b in deals.

Property: At least four Good-Class Bungalow (GCB) deals sealed since start of the year.

Economics

Trade: 4Q15 domestic wholesale trade shrinks 15.9% yoy.


Click on the link for details.

https://research.uobkayhian.com/content_download.jsp?id=32576&h=ca14cd6c279d15639a51915b4b7917bc



This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

Raffles Med: FY15 Results Flash: In line. Look Forward To Better Momentum Ahead




Raffles Medical (RFMD SP)        BUY (Maintained)


FY 15 results:  Results in line. Look forward to better momentum ahead

Analyst: Andrew Chow Tel: (65) 6590 6633
Company
Share price(S$)
Recommendation
Our Target Price(S$)
Within Expectation (Y/N)
EPS FY15 (sen)
FY15 EPS yoy (%)
Highlights of Results
Raffles Med 4.17 Buy 5.05 In line 12.15 1% See attached comments

   
RFMD SP FY15



  • Earnings within expectations. No surprises as its FY15 net profit of S$69.3m (+2.4% yoy) was within our (S$68.9m) and market expectations. A final DPS was of 4.5 cents/share was announced, bringing the total DPS for FY15 to 6.0 cents, which is 9.1% higher than FY14's total DPS of 5.5 cents.
  • Slip in operating margin on higher staff. Operating margins slipped 1.8ppt to 19.6%, primarily due to a 12% yoy rise in staff costs, that outpaced revenue growth of 9.6% yoy. This is attributable to new hirings ahead of new expanded operations for its existing hospital and Raffles Medical Orchard. Looking ahead, we think staff costs will remain elevated ahead of the new wing expansion at its flagship hospital. The higher staff costs were also due to newly acquired subsidiaries in FY15. Other key costs such as inventory and contractedf services were well contained.
  • Solid cash balance. As at Dec 2016, its net cash balance is S$53.8m (S$0.09/share). Operating cashflows remain strong at S$73m in FY15.
  • Capacity for growth; BUY. We maintain BUY with a DCF based target price of S$5.05. Our forecasts is pending an analyst briefing this morning. We forecast FY16F EPS growth to pick up momentum as newly completed medical centres (Raffles Medical Orchard and its new facility at Holland V) and clinics contribute. Also, we see a moderate recovery in volume of foreign patients to underpin growth in its hospitals admission.



This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

SINGAPORE: DBS Group Holdings 4Q15 Results Flash Note

DBS, Singapore' biggest lender, posted a 20 percent rise in quarterly profit that beat expectations, as its net interest margin rose to a five-year high.




  • DBS reported 4Q15 net profit of S$1,002m, slightly above our expectations of S$980m.
  • NPL ratio is unchanged at 0.9%.
  • With regards to exposure to the Oil & Gas sector, DBS disclosed that the NPL ratio for support services is unchanged at S$9b. The bank has stress tested the portfolio at US$20/barrel and believes there would be no additional specific provisions required in 2016.
  • DBS' fully loaded CET-1 CAR is 12.4% as of Dec 15, higher than both OCBC and UOB.






20 February 2016

EUR/USD To Be Watched This Week



While it moved lower throughout this shortened week, there was very little meaningful Eurozone data on the calendar. ECB President Draghi set the tone on Monday when he reminded everyone that more easing could be necessary and his concerns were reinforced by Thursday's ECB minutes. However next week, the Eurozone has the busiest economic calendar and we see at least 3 reasons why everyone should be watching and trading its currency.
First and foremost, the February Eurozone flash PMI numbers will be released Monday morning -- these are some of the most important pieces of data for the EZ because they provide investors with direct insight into the latest performance of themanufacturing and service sectors. Unfortunately, we think the data will be ugly given the sharp decline in industrial production,factory ordersinvestor confidence and the stronger euro. Then on Tuesday, revisions to fourth quarter GDP and the German IFO report will be released and once again we are looking for softer data. Later in the week, Eurozone and German inflation numbers will be released, so by Friday we will have a good sense of whether the ECB's worries about the economy are validated. All of these reports come at a critical time for EUR/USD, which is trading right at its former breakout level of 1.1050. Not only was that level the range high for almost 2 months, but also where the 200-day SMA lies. If weaker data takes the EUR/USD below this support level, then 1.10 will most certainly be challenged. And if that breaks, the EUR/USD will be headed down to 1.08.
There was very little consistency in the performance of theU.S. dollar, which mirrored its uneven performance throughout the week. While ECB rhetoric and Eurozone data are giving the European Central Bank more reasons to act in March, theFOMC minutes and Friday's consumer-price report gives the market very little reason to believe that the Fed will raise interest rates in March. Consumer prices increased but price pressures isn't the only thing the Fed is worried about right now. This expected divergence has and should continue to put pressure on the euro and explains why EUR/JPY, a byproduct of EUR/USD and USD/JPY, fell to 2-year lows. There are also a number of U.S. economic reports scheduled for release next week but unlike the Eurozone, these will be mostly Tier-2 reports. Unless they are all consistently weak or strong, we don't expect the Markit PMI manufacturing indexhouse pricesconsumer confidencehome salesdurable goods and revisions to Q4 GDP to have a dramatic impact on the dollar. Instead our focus will be on the prospect of cautious comments from the 8 Federal Reserve Presidents scheduled to speak next week.
During the European trading session, exceptionally strong U.K. retail sales numbers failed to lift the British pound as Brexit worries grow. But by the end of North America, investors were optimistic even as negotiations continued into the evening. We are surprised by how much weight U.K. investors are placing on the latest Brexit talks considering that we are at least 3 months away from the earliest date that a referendum could be held (and it may not even happen until 2017!). If these talks produce no tangible results, there's no question that more intensive discussions will be had in the coming months -- so this won't be the last EU Summit on UK. Indeed, Prime Minister Cameron doesn't want to return to London with just any deal and according to European Council President Tusk, "some progress" has been made but "a lot still remains to be done." In light of this, the U.K. retail sales report should have had a more meaningful impact on the British pound. Consumer spending rose 2.3%, which was the fastest pace of growth in 2 years. Consumption excluding auto fuel was just as strong, continuing the stretch of positive U.K. economic reports this week that should help sterling find a bottom not far from current levels. We believe that GBP should be trading higher because we don't believe that the weight of a Brexit is justified. So we're looking for a recovery in sterling in the coming week.

18 February 2016

UOBKH: Retail Market Monitor: Thursday, February 18, 2016

Morning,

  1. Iran has agreed to support the oil price, though they disagreed previously.
           
           "We look forward to the beginning of cooperation between OPEC and non-OPEC countries and we support any measure that can stabilize the market and increase prices," Zanganeh said, according to Iran's Shana News Agency.
  2. For friends and clients who forgot the login password, please call 6536 9338 to reset. As this is account-related security, I have no access to your account password.
  3. For urgent trades, please call my office number and quote me or my colleagues your trading acc number.







Click on the link for details.


https://research.uobkayhian.com/content_download.jsp?id=32534&h=3a56cc8f30a06a396fe53361b0f3553f




This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

17 February 2016

UOBKH: Retail Market Monitor: Wednesday, February 17, 2016

Last night Saudi and Russia agrees to freeze output. Still Iran will be an obstacle.

From the foreign news sites, they deem this move as an act of desperation to ensure that oil woes will not contribute to the economic problems.

If you are keen to invest in oil, there are many counters in all major markets. Personally I look at UWTI in US. Make sure you are able to hold the oil investment as I foresee more volatility ahead.






Click on the link for details.


https://research.uobkayhian.com/content_download.jsp?id=32513&h=b597976c3ce6012f3a07e9f5c71a3c8c




This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

16 February 2016

UOB Results - To long or to short?


  • UOB reported net profit of S$788m, in line with consensus estimates.
  • Net interest margin expanded by 2bp qoq to 1.79%, benefitting from higher SIBOR and SOR in Singapore.
  • Fee income expanded 6.7% yoy with broad-based growth across business units.
  • NPL ratio inched higher by 0.1% to 1.4% and loan loss coverage remains healthy at 130.5%.
  • Final dividend of 35 cents/share. Including interim dividend of 35 cents/share and special one-off UOB80 dividend of 20 cents/share, total dividend for 2015 was 90 cents/share (2015 - interim: 20 cents/share, final: 50 cents/share and special: 5 cents/share).

Personally for me, i am collecting banking shares slowly. And i mean really very slowly. Contact me to discuss more on strategies of how to buy.

UOBKH: Retail Market Monitor: Tuesday, February 16, 2016

Morning,


Some of my friends are asking why the difference in views on the same sector (banking) in the same country.

In my views, the source of the news plays an important role too. Names like Muddy Waters, George Soros, Jim Chanos are famous short sellers, whom are more inclined to short stock prices. In other words, there is a possibility that they are publishing news reports to drive the herd of investors/traders a certain direction.

at the end of the day, it is very important to have own views on the market, and to share information to help each other. Feel free to contact me.


http://www.businesstimes.com.sg/banking-finance/banks-to-plump-cushion-against-growing-risk-to-asset-quality-0

http://business.asiaone.com/news/singapore-banks-face-massive-crisis-year-swiss-billionaire


Singpost
Macquarie Research initiated coverage on SingPost with an Outperform rating and TP of $2.15 citing SingPost's transformation to an integrated e-commerce solutions firm being imminent.

It notes that acquisitions has lowered SingPost's dependence on Singapore, delivered e-commerce clients, built critical mass in an overseas logistics footprint and ramped up end-to-end fulfilment capability.

Overseas revenue has grown contributions from 19% in FY13 to 40% in 1H16, with the e-commerce proportion rising from 24% to 29% in the same period and expected to hit about 50% by FY18.

The house forecasts volume growth with rising operating leverage to drive revenue and profit CAGRs of about 13% through to FY18.

Other positives include the re-opening of Singapore Post Centre in mid-2017 after a major redevelopment and almost doubling in retail gross floor area space plus a possible special dividend.

Despite being in the so-called "sweet spot"for its next phase of growth, key risks remain, namely, corporate governance issues, a share price overhang and execution risks in post M&A integration.









Click on the link for details.


https://research.uobkayhian.com/content_download.jsp?id=32490&h=fd8bd77225ce96b0a96239fe8481f208




This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

15 February 2016

UOBKH: Retail Market Monitor: Monday, February 15, 2016

China's import, export and trade balance data will be out at 10am.

FYI








Click on the link for details.


https://research.uobkayhian.com/content_download.jsp?id=32469&h=fc6515df8b8222ae9cdf71b55a021935




This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

SP: Nam Cheong [NCL SP] - Announces profit guidance for 4QFY15


Nam Cheong (NCL SP)         SELL

 
What's New?
- Nam Cheong announces profit warning, expects loss for 4QFY15.
- Group is expected to remain profitable on a full-year basis despite the loss in 4QFY15.
- No details provided on cause of the loss.

Our Take
- No reasons were provided on causes for the 4Q15 loss, but we suspect that it is either due to possible provisions made on its shipbuilding contracts, or a larger loss from their chartering segment.
- We had earlier highlighted the risk that Nam Cheong might make provisions on their shipbuilding contracts, which would teeter them into losses. This has come earlier than expected.

Valuation/ Recommendation
Our recommendation remains SELL, with a target price of S$0.09. This is based on 0.47x 2016F P/B, premised on Brent crude assumption of US$50/bbl. With the sale of its offshore vessels closely tied to the oil price environment, which is not expected to recover in the near term, Nam Cheong will face significant difficulties in selling its inventory of Built-to-Stock vessels. With prices of newbuilds falling, provisions on their existing contracts are likely to be made. Even in the unlikely event that the shipbuilding segment performs, net profit is expected to be marginal. Continued losses from its chartering segment will also be a drag on earnings. As such, we expect the company to barely breakeven, or make losses going into FY16. Our estimates will be revised post its FY15 results, which is expected to be released on or before 29 Feb 2016.

12 February 2016

FYI: Why Is Everyone Terrified of Bank Stocks?




Found a nice article to summarise some points I have been sharing with my friends.

I prefer simplicity and I hold a very simple yet fundamental view: Banks are the pillars of the economy, the life support for all businesses
  1. I do not mean that banks cannot fail. I am saying that if banks were to fail, there will be serious implications and repercussions in capital markets. Plus SG banks are extremely prudent, lower chance of failure.
  2. Banks are cheap to buy during turmoil times. Once the market recovers, bank stocks will be traded at a much much higher price, probably overvalued too.
  3. Lastly with the impending rate hikes, banks will stand to gain the most from higher interest rates. Yet right now, the global market is weak and US is facing problems to increase rates.  
It is not possible to know the lowest price so what we can do is to spread out to buy over a certain preferred range of prices.

For new investors who are looking to set up an investment portfolio, bank stock is something good to begin with.

If you are keen to open a FREE trading account with me and have me as your broker, feel free to contact me via the form on the right hand column.

In any case, I told my friends and clients to monitor the prices. And sometimes I have nice clients calling me to inform me of prices of other counters too. This is how broker and client work together to help each other.



Why Is Everyone Terrified of Bank Stocks?
// Lifehacker

In our current time of intermittent financial panics, the banking sector stands out in its unpopularity: major bank stocks are trading well below the book value of those banks. What has everyone so terrified?

The tangible book value of a company should, in essence, be the value of everything tangible the company has—what you could get if you decided to liquidate the company today. In that sense it is odd when the stock market values a company lower than its tangible book value, because it presumes not only that the company does not have growth potential, but even that the theoretical fire sale price of it is too high.

And just about every big bank around the world is now selling below its book value! If you love bargains, Greek banks are trading at one-ninth of their book value. Credit Suisse has reached its lowest stock price in 27 years. In Europe, "banks are trading at only 62 per cent of book." In India, "all public sector banks" are trading below their book value. In the US, Bank of America, Citigroup, Goldman Sachs, and others are priced at a substantial discount to their book value.

The entire investment world is extremely terrified of bank stocks.

Are there theories about why? You bet there are! Tons. Very generally speaking the reason is "people don't think these banks are going to be making money any time soon." But why the extremity of sentiment, that even as we type is causing a global selloff? Some of the more prominent reasons (or theories, if you prefer):
  1. Oil! Oil prices are mad low. This means lots of energy companies are fucked. It also means that lots of banks that made lots of loans to energy companies when oil prices were higher may be fucked by extension. Investors don't quite know how bad the damage will be from the ongoing oil rout, so they're fleeing banks just in case it turns out to be horrible. Also, the sovereign wealth funds of many nations that depend on oil revenues hold a lot of bank stocks, and some believe that they are being forced to sell now, driving down prices.
  2. The "yield curve" for banks is looking bad. This means banks can't make as much money lending money as they used to. Unfortunately, lending money is how banks make money. Along with soaking customers with outrageous fees.And lawmakers could be cracking down on those bank fees in the foreseeable future.
  3. Economic growth is slowing around the world, particularly in emerging markets, which could cause a big slowdown in growth (or big losses) for financial institutions.

  4. A bunch of hedge fund types all piled into bank stocks late last year and now they are all running out again based on the latest news from the Fed, and this is depressing prices abnormally.

And hey, there are plenty of people out there saying now is the time to buy bank stocks because they're so cheap. But you only need to look at prices to see that those people are vastly outnumbered by the people saying "no, now is the time to panic sell bank stocks no matter how cheap." Either lots of people are acting very irrationally right now, or something very bad is coming down the pike for banks.

In the end, either one group or the other will turn out to be right, and the other group will be painfully wrong. Let us know if you know which is which.

[Photo: AP]

SingTel 3QFY16 Results Flash Note




  • SingTel reported net profit of S$955m for 3QFY16, in line with our expectations.
  • EBITDA from Group Consumer declined 1.3% to S$785m. EBITDA from Group Enterprise was stable at S$489m.
  • Contributions from regional mobile associates was stable at S$647m.


11 February 2016

2015 results preview

2015 results preview: 


Expect a firm performance on solid results from SBS.




At A Glance


Corporate
Accordia Golf Trust: 3QFY16 DPU up 19% yoy.
Boustead Projects: 3QFY16 profit up 165% yoy at S$7.2m.
Global Invacom: Net loss expected for 2015.
KS Energy: Net loss expected for 4Q15.


Sector
Offshore & Marine: Falling refining margins weigh on outlook.

10 February 2016

Sinograndness

At the point of writing, STI dropped 77 points, standing at 2545.

It seems that the market is not concerned of any positive news (if any). Around the globle there is no growth, and Germany posted a negative export data over the CNY holidays. As such, it appears that more investors prefer to hoard cash than stocks.

Watch to buy bluechips stocks slowly on every dips.

Personally I am watching: Sino Grandness (T4B)






Click on the link for details.


https://research.uobkayhian.com/content_download.jsp?id=32403&h=3e24e1901a29469d0f6060cb1324482c




This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

07 February 2016

Happy Chinese New Year!

Thank you for following this blog. It has been almost 3 years, consistently updating, sharing information with everybody. Made some great friends who opened account with me over the net.

I would like to take this opportunity to wish everyone, A HAPPY LUNAR NEW YEAR~!


05 February 2016

UOBKH: Retail Market Monitor: Friday, February 5, 2016

Hi friends,

Please note the opening of markets due to CNY:

SG market will open on 10/02/2016

HK will open on 11/02/2016

China 15/02/2016

For US markets, it is still open. You can still contact me to buy/sell shares anytime before 12 midnight. Feel free to text me your orders, but if I do not respond, please call me to confirm.


As usual, I will be in office on 10/02 from 8am onwards

HAPPY CHINESE NEW YEAR~!








Click on the link for details.


https://research.uobkayhian.com/content_download.jsp?id=32379&h=2f9fb60d8cd21c36765ffb4c04a86f35



This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.

04 February 2016

What Numbers To Note This Friday?

When the Federal Reserve hiked key interest rates in December, it was essentially on the basis of the strength of the U.S. labor market and the belief that an economy at full employment would inevitably start generating levels of inflation consistent with the central bank's goals. Since then, of course, there's been a heightened level of global market volatility and increased concern about the economy. 

But for now, U.S. labor is holding up. Initial Jobless Claims have ticked increased a bit this year but not to an alarming degree. The U.S. labor market will be put to the test this week, however. Today we get the ADP employment report, while Thursday brings the latest initial claims number. Finally, on Friday we get Non-Farm Payrolls, which are expected to come in at 190,000, with the unemployment rate staying flat at 5 percent. Given the importance of labor data for the Fed, the next few days should be very interesting.




Lastly, ISM results were still weak compared to last quarter. Thus in a simplified manner of what happened last night:

  1. USD weakened
  2. Crude oil up (even though the inventories results are in exccess of 7.8m barrels  This is partly due to weakened USD too)
  3. US indexes went up as the possibility of rate hikes is more and more unlikely.

Friday to look out for Non farm payroll and unemployment rate, which I believe will be pretty robust.






 

03 February 2016

Get PAID to do Surveys!


Well guys, other than reading up on stock news and information, I do online surveys too to take a break from the usual.

These surveys are normally paid S$0.50 to S$2.00 per survey. And it takes about 3-5 mins of your time. The surverys are also very interesting, and occasionally, you get to do some very sensitive surveys. By doing these surveys, you will also get to understand what is happening in our society, things that happen around you.

PLUS, you get paid while doing so!

While these are 'small money', it will not take up too much of your time. By the time you realised it, you would have cashout a S$30 bucks! FREE LUNCH!

So there you go, I have pasted some links for you all. These are referred links and you will get to have a higher pay rate.

Cheers people, let's work towards financial freedom!

Click on the links to sign up



02 February 2016

Support us!

I have been sharing news with my readers for almost a few years, changing from a few addresses.

If you enjoy my blog, please do the following:


  1. LIKE our Facebook page on the right hand column.
  2. Click on the ad that interests you.

It is a small gesture on your part but it will motivate us in continuing serving you.

Also, feel free to contact me in opening a trading account for share investment.

Stay safe in this market! :)
//amazon