Friday, June 2, 2017

Wilmar Int. Limited (F34):

Latest update as of 31/05/2017 @$3.54:
  • Wilmar International Limited recently announced it's latest updates on Changes to Wilmar Subsidiaries, Associated Companies and Joint Venture Companies.  
  • The announcement include as below:
    1) Establishment of subsidiary and joint venture company.
    2) Establishment of associated company.
    3) Change in shareholding in subsidiary.
    4) Change in name of subsidiary.
    5) Cessation of subsidiary, associated companies and joint venture company. 
  • For more details information, please refer to sources from:
    - s3-ap-southeast-1.amazonaws.com > WILMAR INTERNATIONAL LIMITED > ANNOUNCEMENT.

Latest update as of 26/05/2017 @$3.65:

Click on the image for enlarge view.  

Click on the image for enlarge view.


  • The chart tells the story where buyers who bought on February 2017 and get caught around the price of $3.78 - $3.90 high, started to sell off their stocks on 12/05/2017, indicated by candlesticks bar.The previous buyer tends to either break-even or take a minimal profit and move out from the stocks, after stuck in the stock for about 3 months (bearish trend). With the high selling pressure, it tends to make the price to be a slight bearish and not able to hit the new high breakout. 
  • Therefore, the chart shows the price dropping continuously on subsequent days after it reach the high.
  • This stock also forms a "Cup and Handle" pattern. With the trends and pattern formation, I would personally consider of entering this stock only when there is new breakout above the price of $3.88. Where it forms an uptrend above the "Handle" of the "Cup and Handle" pattern. 

What is "Cup and Handle" chart pattern?
  • The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. A cup and handle pattern on charts resembles its namesake, a cup with a handle. The cup is shaped as "U" and the handle has a slight downward drift. 
  • As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels. Selling pressure is likely to make price consolidate with a tendency toward a downtrend for a short period of time, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. 
  • A subsequent breakout from the handle's trading range signals a continuation of the prior advance. 
  • For more details information, please refer to sources from:
    - stockcharts.com >  Chart Patterns > Cup with Handle (Continuation).
    - investopedia.com > Cup and Handle. 




SATS Ltd. (S58):

Latest update as of 25/05/2017 @$5.08: 

Latest update as of 20/04/2017 @$4.88:
  • SATS declare an announcement of transfer of share for employee stock option/ share scheme, with the reason for pursuant to Employee Share Schemes.
  • The total no. of treasure shares transferred are 229,200, with value of the treasury shares equivalent to S$729,169.83. 
  • For more details information, please refer to sources from:
    - infopub.sgx.com > Notice Of Transfer Of Treasury Shares.



Latest update as of 17/04/2017 @$4.82:


Latest update as of 13/04/2017 @$4.87:
  • SATS, a leading provider of gateway services and food solutions, unveiled its new e-Commerce AirHub at Changi Airport. 
  • The S$21 million facility will enhance Changi's e-commerce mail-sorting capability by more than three times, supporting the growing e-commerce market, which will also reduce the processing time by half.
  • It helps to deliver quicker turnaround for international eCommerce mail. 
  • SATS is currently the only ground handler in the region to operate such an automated airside facility.
  • For more details information, please refer to sources from:
    - businesstimes.com.sg > SATS unveils S$21m e-commerce airhub at Changi.
    - sats.com.sg > Media Release > SATS UNVEILS $21 MILLION eCOMMERCE AIRHUB.








Saturday, May 20, 2017

ComforDelGro Corp Ltd. (C52):

Latest update as of 19/05/2017 @$2.42:
  • The major implications that investors should take note of is in ComfortDelGro’s 2017 first quarter results, its taxi segment recorded a near-6% year-on-year decline in revenue.
  • Earlier this year, a Straits Times article shared that the number of private-hire cars – owned by ride-hailing services such as Uber and Grab – had exceeded the number of taxis on the road in 2016.
  • From the ComfortDelGro earnings presentation source of 2017, the Taxi Business are presented as below: 
    • Lower rental income in Singapore from a lower operating fleet, introduction of flexi rental schemes and the passing on of LTA's diesel tax rebate to drivers in the form of taxi rental discounts. 
    • Decrease in revenue in the UK due to unfavourable currency translation from the weaker Euro. 
    • Decrease in revenue in China from a smaller fleet, government mandated reduction in taxi rental rates and unfavourable currency translation from the weaker RMB.
    • Decrease in revenue in Australia from lower rank fees. 
    • Decrease in revenue in Vietnam from a smaller fleet. 
  • Overall, we know that operating environment across all sectors have a tough outlook, and this includes the taxi, inspection, automotive engineering service that they operate. Operating profits as a result are down at about 9% yoy.
  • ComfortDelgro's concentration of revenue are bigger in UK than in Australia, hence the exchange rate movement of weaker pounds impact them unfavorably.
  • From a cashflow point of view, Comfort is actually doing better than what it was a year ago, not taking into account the changes in working capital.
  • For more details information, please refer to sources from:
    - fool.sg > 1 Uncomfortable Trend in ComfortDelGro Corporation Ltd’s Latest Quarter.
    - foreverfinancialfreedom.blogspot.sg > Recent Action - Comfortdelgro.

Latest update as of 28/04/2017 @$2.74:
  • ComfortDelgro has officially announced by referring to its announcement dated 10th February 2017, on the stepping down of Mr. Kua Hong Pak as its Managing Director / Group Chief Executive Officer on 30th April 2017. 
  • Mr. Kua will assume the new position of Senior Advisor to counsel and mentor the newly appointed MD/ GCEO and help in some of the overseas operations during the transition period.
  • Mr. Yang Ban Seng, who has been leading the group's taxi business since 2003, will be appointed as Group Chief Executive Officer to take over Mr. Kua's role.
  • For more details information, please refer to sources from:
    - comfortdelgro.com.sg > Announcement > Stepping Down of Managing Director / Group Chief Executive Officer.

Latest update as of 21/04/2017 @$2.69:
  • Just with the recent announcement from ComfortDelgro with the launching of its new apps feature of flat fare booking rate, it has been showing a very positive results.
  • The new flat fare bookings feature had helped ComfortDelgro reached the milestones of 100,000 bookings in just 10 days time. This means it produces an average bookings of 10,000 ride per day.
  • I personally thinks that it do helps to close the big gaps of competition among the famous apps like GrabCar and Uber. ComfortDelgro has been doing a great job in its market competition.
  • For more details information, please refer to sources from:
    - dailysingapore.com > ComfortDelgro Taxi Clocks Over 100,000 Flat Fare Booking Jobs In 10 Days.

Latest update as of 04/04/2017 @$2.62:
  • ComfortDelGro (C52) announced that its taxi business will be introducing a new flat fare option on 10 Apr for taxi bookings made through its app, alongside metered fare option. 
  • This brings a great competitive advantage to ComfortDelGro and will close the gaps of the flat fare charged implement by GrabCar and Uber in the market. 
  • With this new rules implementation, it gives more options to the customers of ComfortDelGro to continue using the service. 
  • For more details information, please refer to sources from:
    - sgx.i3investor.com > ComfortDelGro: New flat fare option from 10 April onwards.

Latest update as of 27/03/2017 @$2.49:
  • ComfortDelGro: Adapting to changing environment.
  • ComfortDelGro submitted plans to the Public Transport Council as they seek to introduce dynamic pricing of taxi fares, such as flat fee structure with no surcharges that is similar to the private hire cars’ fare structure.
  • This means that after taxi companies implement the new pricing structure, commuters when booking a taxi through a mobile app will have an additional option to choose either taxi fares based on dynamic pricing (i.e. fixed fares determined by demand at time of booking) or the current metered fares.
  • Five other taxi companies in Singapore operating more than 10,600 taxis in total have partnered with Grab to offer the dynamic pricing fare option through the new JustGrab function in the Grab mobile app.
  • For more details information, please refer to sources from:
    - sgx.i3investor.com > ComfortDelGro: Adapting to changing environment.


Latest update as of 21/02/2017 @$2.42:
  • Budget 2017 had certain measures announced to address environmental concerns over vehicular emissions.
  • With the restructuring, the Government will introduce a volume-based duty at S$0.10 per litre on automotive diesel, industry diesel and diesel components in biodiesel.
  • There will also be permanent reduction of the annual special tax on diesel cars and taxis by S$100 and S$850 respectively. This would help to pass on some of the savings back to the taxi drivers to help the drivers partially or fully offset the increase in the diesel costs.
  • With such restructuring and tax reduction, it don't seems to be having any huge impact on the cost outcome. 
  • For more details information, please refer to sources from:
    - sgx.i3investor.com > ComfortDelGro: Diesel tax to become usage-based instead of lump-sum tax.
    - channelnewsasia.com > Budget 2017: Taxes on diesel vehicles restructured based on usage.

 
Latest update as of 13/02/2017 @$2.50:
  • ComfortDelGro is showing a positive results with a higher dividend payout for FY16.
  • ComfortDelGro also trying to focus on retaining its existing taxi hirers.
  • As a quick background, ComfortDelGro is the majority owner of vehicle and non-vehicle testing and inspection outfit Vicom Limited (SGX:V01), and bus and rail services provider SBS Transit Ltd (SGX:S61).
  • ComfortDelGro revenue for 2016 fell by 1.3% to $4.06 billion. However, on the flipside, the land transport firm reported better free cash flow and ended the year with a stronger balance sheet.
  • ComfortDelGro also proposed a final dividend of 6.05 cents per share. Together with the interim dividend of 4.25 cents per share, the total dividend for 2016 is 10.3 cents per share. This a 14% improvement from the dividend of 9.0 cents per share paid out in 2015.
  • Public Transport Services revenue was $2.307 billion in 2016, down 1.1% from 2015 due to currency exchange headwinds. In 2016, the Taxi business grew revenue by 1.1% to $1.34 billion.
For more details information, please refer to sgx.i3investor.com > ComfortDelGro: Higher dividend payout for FY16. 

Latest update as of 10/02/2017 @$2.51:
  • As part of its leadership succession plan, ComfortDelGro Corporation Limited today announced that its Managing Director/Group Chief Executive Officer, Mr Kua Hong Pak, is stepping down on 30 April 2017 after 14 years at the helm. He will be succeeded by Mr Yang Ban Seng, who is currently CEO of ComfortDelGro Taxis, on 1 May 2017.
  • Mr Yang Ban Seng, 60 years old, is not new to the Group. He started out with Comfort Group in March 1989 and has been the CEO of the Taxi Business in Singapore since 2003. 
For more details information, please refer to comfortdelgro.com.sg > Media Release.
For details information, please refer to tnp.sg > ComfortDelGro to have change in leadership.


Saturday, April 8, 2017

CapitaLand Limited (C31)

Latest update as of 15/02/2017 @$3.49:
  • Capitaland's 4Q16 PATMI (Profit After Tax and Minority Interest) increased 73.8% YoY to S$420.5m mostly due to improved operating performance, higher fair value gains and reduced impairments over the quarter. 
  • Its profit gains mostly due to higher recognition of profits in China and improved contributions from CapitaGreen and the shopping mall portfolio. 
  • Aside to that, the sales of their Vietnam operation that continue to scale up also brings a positive outcome.
  • For more details information, please refer to sources from:
    - capitaland.listedcompany.com > CapitaLand Limited: 2nd year of record Chinese sales.


Latest update as of 19/01/2017 @$3.18:
  • CapitaLand recently announced that it has acquired for US$51.9m (S$70m) a 0.5 hectare prime site in Ho Chi Minh City, Vietnam as it remains confident about the country's economy and healthy home demand.
  • CapitaLand has entered into a conditional agreement to wholly acquire a prime commercial site in the CBD of Ho Chi Minh City, Vietnam to develop a Grade A office tower. 
  • CapitaLand has a 22-year track record in Vietnam which has delivered to-date, 22 serviced residences, nine residential developments and now, a prime commercial property. 

    For more details, please refer to sources from:
  • straitstimes.com
  • capitaland.listedcompany.com - news release.pdf 

Business Overview: 
Capitaland is one of Asia's largest real estate companies headquartered and listed in Singapore. Capitaland diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Their two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. CapitaLand also has one of the largest real estate fund management businesses with assets located in Asia. 
CapitaLand’s listed real estate investment trusts (REITS) are: 
  • CapitaLand Mall Trust - First and largest REIT by market capitalisation and asset size in Singapore
  • CapitaLand Commercial Trust - Singapore's first listed commercial REIT
  • Ascott Residence Trust - World's first pan-Asian serviced residence REIT
  • CapitaLand Retail China Trust – First China shopping mall REIT in Singapore
  • CapitaLand Malaysia Mall Trust - Shopping mall-focused REIT with an income- and geographically-diversified portfolio
For more information, please refer to sources from Capitaland.com
Dividend Payout: 
Table for CapitaLand Limited (C31) Dividend Yield History

Column Chart Projection of CapitaLand Limited (C31) Dividend Yield

Raffles Medical Group Ltd. (R01):

Latest update as of 05/04/2017 @$1.45:
  • Raffles Medical Group has recently announced its plan to develop a 700-bed hospitals in Chongqing with target completion by 2Q18. 
  • I personally believe on Raffles Hospital extension and China hospital projects could positively generate profits in the long run. 
  • Furthermore, Singapore and China have been collaborating closely in the planning and implementation of the Chongqing Connectivity (CCI). With such joint implementation and strategic location of Chongqing with connectivity to central Asia, Russia and Europe (Chongqing-Xinjiang-Europe), this could potentially grows the number of populations in its province. 
  • For more details information, please refer to sources from:
    - research.sginvestors.io > Raffles Medical Group: New hospital in Chongqing strategically located.

Latest update as of 03/04/2017 @$1.43:
  • Raffles Medical Group inks agreement with Chongqing government for second hospital in China.
  • Raffles Medical Group announced that it has acquired a piece of land with estimated land area of 28,000 sqm together with an in-construction building thereon, located in the New North District of the Liangjiang New Area in Chongqing for the development of a 700- bed international tertiary general hospital. 
  • The construction is targeted to be completed in 2Q18 and the hospital will provide high quality and comprehensive healthcare services to local, expatriate and international patients.
  • For more details information, please refer to sources from:
    - research.sginvestors.io > Raffles Medical - Riding On One Belt, One Road.
    - sgx.i3investor.com > Raffles Medical Group: Buys land in China to develop hospital.


Latest update as of 21/02/2017 @$1.45:
  • Raffles Medical Group 4Q16 revenue grew 15.4%. Revenue was driven by a 30.8% improvement in Healthcare services and a 6.3% increase for Hospital services. 
  • Due to stronger SGD against currencies like IDR, MYR, coupled with strong regional competition, overall foreign patient volume growth is expected to be small.
  • The Raffles Hospital Extension is also expected to be completed by 4Q17, with about half the space for own expansion plans while the other half will be leased out. 
  • For more details information, please refer to sources from:
    - research.sginvestors.io > Raffles Medical Group: Growth in progress.


Latest update as of 15/01/2016 @$3.95:
  • Raffles Medical Group has always been a reputable organisation with its strong brand name. The organisation also offers a wide range of products and services through its well established network.
  • Recommended as a long term stocks to look into, with its track record of growing dividend, strong operating cash flow and intact growth story. 
  • For more details information, please refer to sources from:
    - internetfileserver.phillip.com.sg > Raffles Medical Group Ltd (RMG).




Saturday, March 4, 2017

Keppel Corporation Limited (BN4)

Latest updates as of 02/03/2017 @$7.22: 
latest-updates-as-of-02032017
Image source extracted from createwealth8888.blogspot.sg
  • Based on the history chart, it seems that Kepler Corp share price tends to start its bullish rally.
  • With the recovery of the oil and gas sector, it is likely to support the bullish trend of the price.
For additional details reference, please refer to sources from createwealth8888.blogspot.sg 




Monday, February 20, 2017

Oversea-Chinese Banking Corp. Limited (OCBC) (O39)

Latest update as of 16/02/2017 @$9.45:
  • There is recent updates and news on Ezra company facing issues on miscalculated business risks. Therefore, it raised the concern of the public that will Ezra impact on OCBC share price?
  • Ezra is an offshore contractor and provider of integrated offshore solutions to the global Oil and Gas industry. 
  • Ezra share price has reaching a new low which is even lower than it's lowest value during Great Financial Crisis.
  • As we had seen the previous market cycle on 2016, that oil and gas industry had suffered a hard time throughout the year. Even we had witness how the company like Swiber and Swissco Holdings being filed for judicial management. Hence, it could be a high probability of Ezra facing the same situation.
  • Information from news assuming that the Bank has $15.8 billion exposure to this sector and Non Performing Loan (NPL) had crept to $1.3 Billion.