Author: Ernest Lim's investing blog

Dividend Yielding Stocks with mkt cap>S$1B

Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) 2011F PE 2011F Div Yield Potential (cap gain + div yield) Starhub Ltd SGD 2.72 2.82 3.6% 2.90 2.23 4,664.0 15.3 7.3% 10.9% Mapletree Log Tr SGD 0.91 1.04 14.6% 1.00 0.82 2,195.8 14.4 7.2% 21.8% Ascott Residence SGD 1.16 1.33 14.9% 1.29 1.06 1,305.3 17.3 7.2% 22.1% Mapletree Indust SGD 1.16 1.28 10.2% 1.20 0.93 1,696.7 16.1 7.1% 17.3% Starhill Global SGD 0.63 0.72 15.8% 0.66 0.55 1,214.4 13.6 6.7% 22.5% Fortune Reit HKD 3.79 4.37...

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Dividend Yielding Stocks with mkt cap>S$1B

Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) 2011F PE 2011F Div Yield Potential (cap gain + div yield) Starhub Ltd SGD 2.72 2.82 3.6% 2.90 2.23 4,664.0 15.3 7.3% 10.9% Mapletree Log Tr SGD 0.91 1.04 14.6% 1.00 0.82 2,195.8 14.4 7.2% 21.8% Ascott Residence SGD 1.16 1.33 14.9% 1.29 1.06 1,305.3 17.3 7.2% 22.1% Mapletree Indust SGD 1.16 1.28 10.2% 1.20 0.93 1,696.7 16.1 7.1% 17.3% Starhill Global SGD 0.63 0.72 15.8% 0.66 0.55 1,214.4 13.6 6.7% 22.5% Fortune Reit HKD 3.79 4.37...

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China Animal – A potential double bottom in the making?

China Animal Healthcare Ltd. (“CAL”) seems to be on the verge of completing a double bottom formation, if it can break the neckline at $0.280 with volume expansion. For the uninitiated, CAL has three main business divisions outlined in Table 1 below. Table 1: Outline of the respective business divisions S/No Business division Percentage of FY10 revenue Remarks a) Powdered drugs 69.6% Usually for poultry such as chickens as they have no taste buds. Marketed through its extensive retail network. b) Injection drugs 5.7% More applicable for livestock such as pigs, cows and sheep. Marketed through its extensive retail...

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End of QE2 = End of stock rally?

One of the most talked about topics in the financial arena is the impending end of Quantitative Easing 2 dubbed (“QE2”). So what is QE2? Does the end of QE2 signify the end to the stock market rally? Any possibility of QE3? For the purpose of this write-up, I have presented the gist of my thoughts in the form of Questions and Answers in an abridged manner to answer some of your queries. Q1. What is QE2? What does it achieve? A1: QE is an alternative monetary policy tool to stimulate the economy by driving down long term interest...

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Technical analysis on Hu An Cable Holdings Ltd

Hu An Cable Holdings Ltd. (“Hu An”) seems to be on the verge of completing a double bottom formation, if it can break the neckline at $0.380 with volume expansion. For readers who are not aware of Hu An, it is one of the top 10 largest wire and cable manufacturers in China by capacity. Hu An manufactures and supplies a wide range of power transmission cables to support a growing spectrum of power infrastructural developments in China. It serves the following industries viz. power generation, transmission and distribution, petrochemical, transportation, alternative energy and other industries. Below is Hu An’s...

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Stocks with mkt cap > S$1B, sorted by dividend yields

Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) 2011F PE 2011F Div Yield Potential (cap gain + div yield) Mapletree Indust SGD 1.13 1.26 11.5% 1.20 0.93 1,652.8 15.7 7.4% 18.9% Starhub Ltd SGD 2.74 2.80 2.2% 2.90 2.10 4,698.3 15.3 7.3% 9.5% Mapletree Log Tr SGD 0.90 1.04 16.1% 1.00 0.75 2,183.7 14.3 7.2% 23.3% Ascott Residence SGD 1.20 1.32 10.4% 1.29 0.99 1,350.3 16.0 6.9% 17.3% Ascendas Real Es SGD 1.99 2.15 7.9% 2.29 1.81 4,141.4 15.5 6.7% 14.6% M1 Ltd SGD 2.42...

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S chips – Any audit issues on the following companies?

I believe most readers are increasingly worried on the recent spate of audit issues encompassing the S chips such as China Gaoxian, Hong wei, Hongxing etc. I have contacted some of the S chips companies’ management / Investor Relations regarding whether the auditors have signed off the financials. Below are my findings. Anchun – Likely to be signed in the couple of weeks. No major issues flagged out by auditors. China Animal – Auditors have already signed off. Audited annual report already uploaded onto SGX Masnet. China Taisan – According to CIMB research report, they mentioned that the auditors have already signed off the statements....

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Technical analysis on Swiber

Pursuant to my write-up on Swiber on 24 Dec 2010 where I mentioned that Swiber is likely to announce some contracts during the seasonal award season from Dec to Mar, Swiber finally started to announce some contracts since 10 Mar 2011. Table 1: Contract announcements since 10 Mar 2011 S/No Contract Announcement Date Contract size (US$m) Remarks 1 22 Mar 11 US$27m 2 11 Mar 11 US$125m This was the bid whereby Swiber has contention with India’s Oil and Natural Gas Corporation. Eventually, Swiber managed to win the contract. 3 10 Mar 11 US$34m    Source: Ernest’s compilations Due...

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Anchun – In a sweet spot

Personal opinion on Anchun                                                                                                    18 Mar 11 Pursuant to the short write up on Anchun on 14 Feb, Anchun has dipped from $0.215 on 14 Feb 11 to $0.180 on 18 Mar 11, in tandem with the slide in the equity markets, especially in the small caps. For new clients who have not read my previous write up on Anchun, I have included a description on Anchun below. Description of Anchun Anchun is a leading integrated chemical systems engineering and technology solutions provider to the PRC petrochemical and chemical industries, in particular, manufacturers of ammonia and methanol based products. It...

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Some japanese stocks for reference only

Dear readers, Here are some of the Japanese stocks in the real estate and construction sector. List is not exhaustive and put forth for reference only. Table 1: List of Japanese stocks in the real estate and construction sector Short Name Sector Cur Last Price Analyst Consensus Px Chg from consensus TP Tact Home Real Estate Investment & Servi JPY 60,700 148,000 143.8% Arnest One Corp Real Estate Investment & Servi JPY 775 1,530 97.4% Haseko Construction & Materials JPY 60 115 91.7% Hajime Construct Real Estate Investment & Servi JPY 1,782 3,300 85.2% Nisshin Fudosan Real Estate Investment...

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List of dividend yielding stocks with mkt cap >S$900m

Dear readers, Below is a list of Singapore listed equities with a market cap >S$900m, sorted by dividend yields as of 17 Mar 11. I have brought down the criteria to S$900m as stks have been hurt by the recent sell off in the market. For your reference. List of Singapore listed equities with a market cap >S$900m, sorted by dividend yields Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) 2011F PE 2010F Div Yield Potential (cap gain + div yield) Mapletree Log Tr SGD 0.84...

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Fuxing’s share price dipped 12% after good results

Fuxing announced its 4QFY10 results on 1 Mar 11, after trading hours. Despite a good set of results, Fuxing has slid 12% from $0.170 on 1 Mar 11 to $0.150 on 11 Mar 11 on lower than average volumes (except for one day – 7 Mar 11). So what constitutes the fall in the share price? Some potential “reasons” to the drop in share price Besides the poor market sentiment relating to S chips (especially after the audit issues on China Hongxing and Hongwei etc), I shall hazard some guesses to the reasons why there is a drop in...

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Information on Singapore listed Reits

Information on Singapore listed Reits Part 1 (22 Feb 11) Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) K-Green Trust SGD 1.060 NA NA 1.33 1.00 667.6 Saizen Reit SGD 0.16 NA NA 0.18 0.15 185.5 Macquarie Intl SGD 0.62 NA NA 0.63 0.45 804.6 Aims Amp Capital SGD 0.21 0.260 23.8% 0.24 0.18 417.3 Cache Logistics SGD 0.94 1.16 23.1% 1.02 0.88 596.7 First Ship Lease SGD 0.43 0.485 12.8% 0.66 0.36 257.4 Cambridge Reit SGD 0.515 0.60 17.1% 0.57 0.43 544.4 First Reit...

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Stocks with mkt cap > S$1b, sorted by dividend yields (22 Feb 11)

Dear readers, It has been almost a month since I last updated my blog. It has been an extremely busy month as I have been looking into companies and attending results briefing / asking mgmt questions through email correspondence etc. In addition, my client base has been increasing thus leading to less time populating the blog. With the sharp drop in market and the rise in volatility / uncertainity surrounding the market, many readers / investors have started to focus their attention back to dividend yielding stocks. Thus, I have compiled a list of stocks with mkt cap >...

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Opportunistic Play on C&O Pharmaceutical

Opportunistic Play on C&O Pharmaceutical                                                                                 28 Jan 11 Before I start, I will like to emphasis that this short write up is to highlight a possible opportunistic (technical) play on C&O Pharmaceutical (“C&O”) with a horizon of 1-2 weeks (max) and not an in depth analysis on its fundamentals. In addition, I reiterate that this write-up is a general one and does not take into account of the reader’s risk profile. It may or may not be suitable to you. 7.2% YTD drop, 2nd worst performer Among the companies listed in Table 1 below, C&O is the 2nd worst...

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