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
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