Author: AlpacaInvestments

UPDATE ON FAR EAST ORCHARD

A reader wrote to me asking for my thoughts regarding some questions about Far East Orchard (FEO). I am vested in FEO at a price of $1.52, a position I initiated back in August this year. Since then, its share price has been largely flat, trading between a range of $1.46 to $1.59. Third Quarter Results FEO’s 3rd quarter results were largely disappointing, with revenue down 20.7% and net profit falling by 74.2% year on year. The decline in revenue was due to the completion of some lease agreements in Australia and New Zealand, and weaker performance of assets...

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UPDATE ON FAR EAST ORCHARD

A reader wrote to me asking for my thoughts regarding some questions about Far East Orchard (FEO). I am vested in FEO at a price of $1.52, a position I initiated back in August 2017. Since then, its share price has been largely flat, trading between a range of $1.46 to $1.59.  Third Quarter ResultsFEO’s 3rd quarter results were largely disappointing, with revenue down 20.7% and net profit falling by 74.2% year on year. The decline in revenue was due to the completion of some lease agreements in Australia and New Zealand, and weaker performance of assets in Perth....

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2017 IN REVIEW

Started this blog in February this year, with the aim of encouraging more young adults to begin their investing journey. I’ve spoken to many young adults who believe that investing is out of their reach, when in reality, even if your capital isn’t large, you can still start with a monthly dollar cost averaging strategy. I hope that by penning down my thoughts regarding my investing experience, more young adults would take the initiative to find out more about investing.Read: Why you should start investing earlyAs I’ve gained more investing experience, I have also fine-tuned my process of identifying...

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2017 IN REVIEW

Started this blog in February this year, with the aim of encouraging more young adults to begin their investing journey. I’ve spoken to many young adults who believe that investing is out of their reach, when in reality, even if your capital isn’t large, you can still start with a monthly dollar cost averaging strategy. I hope that by penning down my thoughts regarding my investing experience, more young adults would take the initiative to find out more about investing.Read: Why you should start investing earlyAs I’ve gained more investing experience, I have also fine-tuned my process of identifying...

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ANALYSIS OF JAPAN FOODS HOLDING

Japan Foods Holding (JFH) has recently caught my attention, after I have started screening for stocks again. JFH operates a wide range of F&B outlets selling Japanese food. We may be familiar with the Ajisen Ramen brand, which accounts for the bulk of JFH’s revenue (39.5%). JFH also operates brands including Menya Musashi and Keika Ramen. JFH has operations in Singapore, Malaysia, Vietnam, Hong Kong and China. JFH Annual Report 2017 JFH has a four pronged strategy to grow its business – developing new concepts, cost control, overseas expansion and network expansion/consolidation.1H 2018 Financial ResultsFor 1H 2018, JFH reported...

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JAPAN FOODS HOLDING

Japan Foods Holding (JFH) has recently caught my attention, after I have started screening for stocks again. JFH operates a wide range of F&B outlets selling Japanese food. We may be familiar with the Ajisen Ramen brand, which accounts for the bulk of JFH’s revenue (39.5%). JFH also operates brands including Menya Musashi and Keika Ramen. JFH has operations in Singapore, Malaysia, Vietnam, Hong Kong and China. JFH Annual Report 2017 JFH has a four pronged strategy to grow its business – developing new concepts, cost control, overseas expansion and network expansion/consolidation. 1H 2018 Financial Results For 1H 2018,...

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KEEPING AN EYE ON ST ENGINEERING

ST Engineering (STE) has performed poorly for the past few months, and I have added it to my watchlist. STE is an integrated engineering group with 4 main business segments – Aerospace, Electronics, Marine and Land Systems. For FY 2016, the group generated $6.68 billion in revenue and $484.5 million in net profit, representing a net profit margin of 7.2%. The revenue breakdown was 65% from commercial sales and 35% from defence sales. Earnings per share was 15.6 cents, and the group distributed 15.0 cents of dividends to shareholders.STE Annual Report 2016This year, 9M 2017 earnings per share stands...

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KEEPING AN EYE ON ST ENGINEERING

ST Engineering (STE) has performed poorly for the past few months, and I have added it to my watchlist. STE is an integrated engineering group with 4 main business segments – Aerospace, Electronics, Marine and Land Systems. For FY 2016, the group generated $6.68 billion in revenue and $484.5 million in net profit, representing a net profit margin of 7.2%. The revenue breakdown was 65% from commercial sales and 35% from defence sales. Earnings per share was 15.6 cents, and the group distributed 15.0 cents of dividends to shareholders.STE Annual Report 2016This year, 9M 2017 earnings per share stands...

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NOVEMBER TRANSACTIONS

I’ve been quite busy lately, as I’m in the midst of having my examinations, so I’ve not been able to write much.For November, these are the transactions I made, as well as some updates on the companies that I’m holding:I bought SingTel at $3.67 last week, which makes SingTel my third largest position. SingTel’s special dividend of 3.0 cents from the proceeds of the NetLink Trust IPO was deemed to be underwhelming by the market, hence its share price declined after it announced its third quarter results. I believe that paying out only 3.0 cents may not necessarily be...

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NOVEMBER TRANSACTIONS

I’ve been quite busy lately, as I’m in the midst of having my examinations, so I’ve not been able to write much. For November, these are the transactions I made, as well as some updates on the companies that I’m holding: I bought SingTel at $3.67 last week, which makes SingTel my third largest position. SingTel’s special dividend of 3.0 cents from the proceeds of the NetLink Trust IPO was deemed to be underwhelming by the market, hence its share price declined after it announced its third quarter results. I believe that paying out only 3.0 cents may not...

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QAF LIMITED REVISITED: DISAPPOINTING 3RD QUARTER

At some point in our lives, we may have consumed the Gardenia brand of bread for breakfast, as it is a familiar household name. However, QAF Limited may sound a little more unfamiliar to us. I didn’t know about the link between these two names, until I began researching on QAF Limited. Gardenia bread is actually produced by QAF Limited, a company whose operating segments include bakeries, primary production and trading & logistics. I had previously written about QAF Limited in May this year. 3rd Quarter PerformanceQAF’s third quarter results were rather disappointing, with net profit falling by 62%. Even...

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QAF LIMITED REVISITED: DISAPPOINTING 3RD QUARTER

At some point in our lives, we may have consumed the Gardenia brand of bread for breakfast, as it is a familiar household name. However, QAF Limited may sound a little more unfamiliar to us. I didn’t know about the link between these two names, until I began researching on QAF Limited. Gardenia bread is actually produced by QAF Limited, a company whose operating segments include bakeries, primary production and trading & logistics. I had previously written about QAF Limited in May this year. 3rd Quarter PerformanceQAF’s third quarter results were rather disappointing, with net profit falling by 62%. Even...

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MAPLETREE COMMERCIAL TRUST OR STARHILL GLOBAL REIT?

Mapletree Business City, Source: MCT websiteI’ve been looking at Mapletree Commercial Trust (MCT) and Starhill Global REIT recently, so I’ll be writing on how these two REITs stack up against each other. Our local REIT sector has performed well this year, with many REITs surpassing their 52-week highs during the past month. Unfortunately, I’ve largely missed out on this rally. However, I believe that some REITs still present some value, together with a decent dividend yield.For some background, the first two stocks that I purchased were Ascendas REIT and CapitaMall Trust, back in 2015. When there were fears of...

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MAPLETREE COMMERCIAL TRUST OR STARHILL GLOBAL REIT?

Mapletree Business City, Source: MCT website I’ve been looking at Mapletree Commercial Trust and Starhill Global REIT recently, so I’ll be writing on how these two REITs stack up against each other. Our local REIT sector has performed well this year, with many REITs surpassing their 52-week highs during the past month. Unfortunately, I’ve largely missed out on this rally. However, I believe that some REITs still present some value, together with a decent dividend yield. For some background, the first two stocks that I purchased were Ascendas REIT and CapitaMall Trust, back in 2015. However, with the probability...

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ARE SINGTEL’S DIVIDENDS SUSTAINABLE?

After SingTel’s successful listing of NetLink Trust (NLT) in July, SingTel has reduced its effective stake in NLT to 24.99%. In the process, SingTel received a huge windfall, with an excess of $1 billion in cash. There has been much speculation of whether a special dividend would be declared. SingTel is expected to use some of these proceeds to pare down its debt or to expand its core business. As for the remaining IPO proceeds, I believe that there is a chance for a special dividend to be declared. The focus on my post would be to evaluate whether...

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