29 March 2016
Away for NS Reservist (OKH global, Parkson and Sinograndness)
If you have been following my previous emails and have traded on OKH global, Parkson and Sinograndness, you should have some profits by now. Remember to close your positions and lock in the profits.
I will be away for National Service from 30/03 till 09/04. Should you need to place any trades, please call my office number and inform my colleagues of your trading account number.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33202&h=49e75662bca429cc0e0ee3597a1becce
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.
24 March 2016
SinoGrandness, parkson, united engineers
while US data is relatively ok, FOMC speaker mentioned that the choices that US has is now quite limited. Nonetheless, rate hike is still in place, probably in June.
Friday is a holiday but there will be Q4 GDP and price index releasing. Thus probably it will be a profit taking session today.
upcoming Long term non blue chip stocks to note: sinograndness, parkson, united engineers.
KEY HIGHLIGHTS
Sector
Banking
Adopting best practices in tax transparency.
At A Glance
Corporate
CapitaLand: Latest to enter co-working space arena.
Hotel Properties: Buys American Indochina Resorts for US$65m.
Koh Brothers: Eyes more hotel assets and M&A targets.
Select Group: Privatisation bid by consortium.
Sector
Land Transport: COE premiums mostly down in March's second bidding exercise.
Economics
CPI: Negative inflation persists, but core inflation inches up.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33149&h=5d4c7bf4ebab441c07f4fa26c4f0c4c3
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.
23 March 2016
Congrats to all OKH Global traders!
Congrats to my friends and clients who traded OKH Global this morning!
More to come tml morning. But pls trade with care.
I thank you all for ur emails. But pls understand, my utmost priority is my clients and friends. It's impossible for me to update here at the same time.
If you need first hand information, i suggest you to come onboard with me as my client.
Still I hope you all enjoy this little blog that helps you and me to track SG stocks.
Comment and feedbacks are welcome!
Happy trading! :)
OKH Global
Technically the price has fallen quite a fair bit. However, fundamentally the company is in the reds for the last quarter.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33126&h=1df46b08d20c24e4a93cfa88131b4185
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.
22 March 2016
Buy Parkson Retail Asia (PRA SP): Takeaways From Meeting With Management
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33139&h=6c1e751ccd093d6fecc68ea485e32c99
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.
21 March 2016
Parkson Retail for Investing (More details in next post)
Sinograndness,
Japfa
Both the counters are up about 10%. Please remember to take profits.
Currently watching Parkson Retail for investing.
My 2 cents.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33081&h=b332a82250148d72658717f3d3d135f7
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.
18 March 2016
Why YOU should choose Singtel
Many friends are concerned about the upcoming 4th telco operator My Republic.
While Starhub is good for dividends, Singtel has a bigger market cap. Larger market cap translates to a stronger and more resilient company, able to withstand tougher operating environment. With a new player in the market, it translates to smaller market share for the existing 3 players.
To make matter worse, the existing 3 telcos have been slow in adapting and offering competitive subscription plans to their clients. In my views, this is how My Reb is able to gain entrance into the market, creating a niche for themselves. Furthermore Mr Rodrigues was a former Vice President of StarHub International & Wholesale.
My suggestion is to take some Singtel shares after you exit from Starhub. Dividends may be lower, but in exchange there will be capital gain. Capital gain is referred to the gains from the price increment of the stock price.
My 2 cents.
I have been busy these few weeks as I was attending some corporate events. Please also note that I will be away from 30th March till 9th April for my NS Reservist.
KEY HIGHLIGHTS
Update
ST Engineering (STE SP/BUY/S$3.21/Target: S$3.60)
Rise of the Terrex.
At A Glance
Corporate
Singapore Exchange: China Merchants Group joins race to buy Baltic Exchange.
Swiber Holdings: Front runner for India turnkey job.
Sector
Property: Reprieve for property developers unlikely.
Economics
Economy: February NODX up 2.1% yoy but "purely arithmetic".
Economy: SME sentiment at neutral after 6 years of optimism.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33061&h=3a90ee8e42cb24248e56383cd5349856
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 March 2016
Buy SIA Target price S$13.90
Good morning
SIA released its Feb op stats
- February is SIA's eighth consecutive month of load factor improvement
- SIA's loads improved 2.2ppt as pax traffic growth outpaced capacity expansion, with broad-based load factor improvement across all regions
- Greatest improvement was seen in Europe (+4.3ppt) which has relatively higher premium traffic
- In addition, both SilkAir and Scoot also recorded strong traffic growth. SilkAir's traffic rose 10.6% yoy in Feb while Scoot's rose a whopping 48%
- In an environment of weak jobs growth and soft global economy outlook, SIA's strong traffic highlights the willingness to travel for both full-service and low-cost segments
- Pax yields are also likely to be resilient, given strong loads on long-haul routes. SIA's CEO has been on record stating that no weakness was seen in business demand.
Maintain BUY, with unchanged Target price S$13.90.
10 March 2016
09 March 2016
FX Basics 101: EURUSD
Economic Factors Affecting EURUSD
Interest Rates: The Most Important Indicator
Employment Numbers
Other Important Economic Releases
Keppel Corporation [KEP SP] - Transocean Delays its 5 Jack-Up Rigs Orders to 2020
In fact, the shares moved first before the news announcement.
From the chart, the bottom is around $4.80. Unlikely it will touch that point again, depending on macro environment.
Perhaps $5.30 can try to get some again for long term investment.
Keppel Corporation (KEP SP) BUY
Price/Tgt: S$5.77 / S$6.60 Mkt Cap: US$7,556m 52-wk avg daily value: US$29m 1-Yr Hi/Lo: S$9.54/S$4.64
Transocean Delays its 5 Jack-Up Rig Orders to 2020
Analysts: Nancy Wei / Foo Zhiwei Tel: (65) 6590 6628/6626
What's New?
- Transocean made an announcement on its website yesterday afternoon regarding its 5 jack-up rig orders with Keppel Corp.
- Delivery for all 5 jack-ups will now be in 2020, with the units to be delivered in 2-3 month intervals beginning 1Q20.
- This is not the first deferral. Transocean had earlier deferred delivery last year to 2018-2020 (original contract schedule: 2016-2017), with each rig being delivered over a 6-month interval.
Our Take
- Immediate impact is a deferral of revenue recognition to the right. We estimate projected O&M revenue for 2016, 2017 and 2018 to decline by 2%, 6% and 3% respectively.
- Given Keppel's sizeable group net profit of S$1.5b, the trickle-down effect of the O&M revenue loss on earnings is minimal. We estimate group net profit for 2016-18 to decline by 1-2%.
- We do not see any cancellation risks for now, given Transocean's long-track record in the rig operators' arena and relationship with Keppel.
Valuation/ Recommendation
Maintain BUY, with target price of S$6.60. We like Keppel for its diversified businesses, which has provided a strong earnings buffer amidst the downturn plaguing its Offshore business unit. Recent share price run up no longer yields the O&M unit for free, but implies a 50% discount to the O&M unit. With its O&M orderbook likely to remain intact given its Tier-1 clientele profile, we do not see cancellation risks for now that would result in asset impairments that might befall its peer SMM. Coupled with a decent dividend yield of 5.6% and strong cashflow generation from its other businesses, the current share price pull-back represents an opportunity to accumulate. Stock is currently trading below book at 0.9x 2017F P/B, with an ROE of 11%. BUY after a share price pull-back.
08 March 2016
Why you should note Oil now.
please note oil counters.
oil producers to meet on 20 March. but latin american oil producers to meet this Friday to coordinate a strategy first before meeting Saudi.
As spoken to my friends several months back, we can infer that oil is bottoming when the oil producers are congregating together to discuss. Yet, please do not rush in and there is no need to. Watch for your preferred counter and take some when the price is low.
Please note that i will be away for meeting from 08-10 March and will be giving a seminar at NTU on 08/03 tonight at 6pm at LT 23. Do come by if you are free
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=32904&h=1876af03cdc28f1b1d02014a0b91a7c9
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.
06 March 2016
What to do with STI now given that it is 2800+?
Time To Take Some Profits
Both short-term and mid-term are overbought
One good news from our long-term indicator
The Plan…
04 March 2016
Why Should You BUY StarHub Shares with your CPF now?
recently Starhub announced to retain the $0.20 dividend policy again.
Based on the past dividend history, it has been very consistent with no reductions, or fluctuations.
Dividend Yield(TTM) = 7.33%
Year | Yield | Amount | Ex Date | Pay Date | Particulars |
2015 | 7.33% | SGD 0.05 | 2015-11-13 | 2015-11-27 | SGD 0.05 ONE-TIER TAX |
SGD 0.05 | 2015-08-13 | 2015-08-27 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2015-05-21 | 2015-06-05 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2015-04-30 | 2015-05-15 | SGD 0.05 | ||
SGD 0.05 | 2015-04-30 | 2015-05-15 | SGD 0.05 ONE-TIER TAX | ||
2014 | 5.87% | SGD 0.05 | 2014-11-11 | 2014-11-28 | SGD 0.05 ONE-TIER TAX |
SGD 0.05 | 2014-08-11 | 2014-08-28 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2014-05-14 | 2014-05-30 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2014-04-16 | 2014-04-30 | SGD 0.05 ONE-TIER TAX | ||
2013 | 5.87% | SGD 0.05 | 2013-11-13 | 2013-11-29 | SGD 0.05 ONE-TIER TAX |
SGD 0.05 | 2013-08-14 | 2013-08-29 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2013-05-15 | 2013-05-30 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2013-04-17 | 2013-05-03 | SGD 0.05 ONE-TIER TAX | ||
2012 | 5.87% | SGD 0.05 | 2012-11-08 | 2012-11-23 | SGD 0.05 ONE-TIER TAX |
SGD 0.05 | 2012-08-15 | 2012-08-31 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2012-05-10 | 2012-05-24 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2012-04-16 | 2012-04-30 | SGD 0.05 ONE-TIER TAX | ||
2011 | 5.87% | SGD 0.05 | 2011-11-15 | 2011-11-30 | SGD 0.05 ONE-TIER TAX |
SGD 0.05 | 2011-08-18 | 2011-09-02 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2011-05-18 | 2011-06-02 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2011-04-19 | 2011-05-06 | SGD 0.05 ONE-TIER TAX | ||
2010 | 5.87% | SGD 0.05 | 2010-11-23 | 2010-12-08 | SGD 0.05 ONE-TIER TAX |
SGD 0.05 | 2010-08-19 | 2010-09-03 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2010-05-20 | 2010-06-04 | SGD 0.05 ONE-TIER TAX | ||
SGD 0.05 | 2010-04-20 | 2010-05-07 | SGD 0.05 ONE-TIER TAX | ||
2009 | 5.43% | SGD 0.05 | 2009-11-24 | 2009-12-09 | SGD 0.05 ONE-TIER TAX |
SGD 0.045 | 2009-08-18 | 2009-08-28 | SGD 0.045 ONE-TIER TAX | ||
SGD 0.045 | 2009-05-20 | 2009-06-04 | SGD 0.045 ONE-TIER TAX | ||
SGD 0.045 | 2009-04-20 | 2009-05-07 | SGD 0.045 ONE-TIER TAX | ||
2008 | 5.28% | SGD 0.045 | 2008-11-17 | 2008-11-28 | SGD 0.045 ONE-TIER TAX |
SGD 0.045 | 2008-08-18 | 2008-08-29 | SGD 0.045 ONE-TIER TAX | ||
SGD 0.045 | 2008-05-20 | 2008-06-06 | SGD 0.045 ONE-TIER TAX | ||
SGD 0.045 | 2008-04-23 | 2008-05-09 | SGD 0.045 ONE-TIER TAX | ||
2007 | 4.40% | SGD 0.04 | 2007-11-14 | 2007-11-29 | SGD 0.04 ONE-TIER TAX |
SGD 0.04 | 2007-08-16 | 2007-08-30 | SGD 0.04 ONE-TIER TAX | ||
- | 2007-06-27 | 2007-07-12 | PER CANCEL SH SGD 2.86 | ||
SGD 0.035 | 2007-05-22 | 2007-06-08 | SGD 0.035 ONE-TIER TAX | ||
SGD 0.035 | 2007-04-20 | 2007-05-09 | SGD 0.035 ONE-TIER TAX | ||
2006 | 3.08% | SGD 0.03 | 2006-11-20 | 2006-12-05 | SGD 0.03 ONE-TIER TAX |
- | 2006-09-01 | 2006-09-15 | PER CANCEL SH SGD 2.13 | ||
SGD 0.025 | 2006-08-21 | 2006-09-01 | SGD 0.025 ONE-TIER TAX | ||
SGD 0.025 | 2006-05-25 | 2006-06-09 | SGD 0.025 ONE-TIER TAX | ||
SGD 0.025 | 2006-05-02 | 2006-05-18 | SGD 0.025 ONE-TIER TAX | ||
2005 | 1.91% | SGD 0.025 | 2005-11-11 | 2005-11-25 | SGD 0.025 ONE-TIER TAX |
SGD 0.04 | 2005-08-24 | 2005-09-09 | SGD 0.04 ONE-TIER TAX |
Based on charts, StarHub seemed to have form 2 bases, 3.26 and 3.380+. Technically with 2 higher bases formed, it is a sign of uptrend In my views, i believe starhub should rally to around 3.60+
On the other hand, if there were to be any adverse news or market conditions, starhub is still a good stock to hold for dividends. Starhub dividend yield is about 5.8+%, whereas CPF interest rate is about 3.5% Not to mention, there may be capital gains too, resulting to a possibility of a gain higher than 5.8%
Lastly, before you use CPF to buy into Starhub, please make sure:
1. you have opened a CPF investment account. If so, please let me know your CPF Investment Account no if your trading profile is not undated.
2. There is sufficient funds in your 'Available For Stocks' section
Of course there is not absolute way to do this. Either you can buy and hold for dividends, or you can buy and sell for profits, depending which gives you more money.
my 2 cents
Chase or not to chase STI Bulls?
As spoken previously, banks being the pillars of the economy, they will recover the fastest when the market is picking up. Based on yesterday's closing,
DBS 14.710
OCBC 8.600
UOB 18.21
Yet again, does it mean that one should chase the price?
In my views, there are no changes to the current fundamentals. China CaiXin index is still indicating that it is at a slower growth, US on the other hand, is having better economical numbers since the start of this year. While over the past 3 days, the jobless claims, pmi and other numbers are relatively good.
Since August 2015 last year, i have been advocating to my friends and clients to spread the purchases; buy only when the prices were to break lower at every support level. I think this is still applicable to the current market conditions. Not to forget, remember to take profits too along the way, especially when there is profits. A straight line always shorter than a curvy line with ups and downs. it is only logical to collect profits on the ups and get in on the downs.
Based on charts, I do not think this rally is substainable, unless 2 things to happen over the next few days:
1. STI break 2900 mark over the next few days convincingly, breaking out from the down channel effectively. alternatively, another retractment (which is high probably today) forming another higher base above 2700. Refer to the chart below.
2. The meeting between the oil producers, Saudi and US shale oil, to come to a positive conclusive decision
While no one knows waht is the highest and the lowest, we can only make an educated guess, and take a calculated risk. My 2 cents
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=32860&h=2e04188d8d66a5db2663dc798cbb64ff
01 March 2016
Have You Shorted EURUSD?
If you have followed my trades, you should have some decent profits now. I tweet my trades so that it will be very clear and easy to follow.
I am writing this post because as mentioned earlier, there will be NFP coming up this friday. For those who do not want to take the risk, i suggest to close eurusd shorts before friday.
In other news, based on trading activities and trading volume, SinoGrandness is something worth looking at for trading tomorrow and the day after.
Lastly, if you enjoy my posts, you can do 2 things to support me:
- LIKE our page SGStocksandShares, or by the Facebook widget on the right.
- Click on our sponsors to support them!