Author: Ernest Lim's investing blog

Top dividend yielding stocks in Singapore

Dear all, I have compiled the dividend yielding stocks using my personal criteria. Data is correct as on 7 Sep 11. Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) 2012F PE 2011F Div Yield Potential (cap gain + div yield) Cityspring Infra SGD 0.40 0.44 12.6% 0.60 0.39 600.0 NA 13.2% 25.9% Technics Oil & SGD 0.86 1.29 50.3% 1.05 0.73 189.6 7.6 11.1% 61.4% Elec & Eltek USD 2.98 4.38 47.0% 4.00 2.64 675.2 6.5 10.9% 57.9% Macquarie Intl SGD 0.53 0.62 18.7% 0.63...

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Eratat Lifestyle – 1HFY11 Net Profit surged 94%; Stock trades at 2xFY11F PE

Eratat Lifestyle[1] reported a sterling set of 1HFY11 results for the period ended 30 June 2011. 1HFY11 sales and net profit surged 25% and 94% respectively to RMB523m and RMB90m. Gross margins have held steady above 30%, in line with management guidance. However, its share price only showed a positive one day response to the results before resuming its precipitous downward decline. Year to date (“ytd”), Eratat share price has declined 44%. To put this in perspective, STI and FTSE China Index’s ytd performance fell about 14% and 27% respectively. Besides the lackluster equity markets and the weak market...

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U.S. listed stocks with mkt cap > S$10B, sorted by dividend yields

U.S. indices have plummetted in the past 2 weeks with the Dow off by 1,237 points, or about 10% off the close on 29 July 2011. Some market watchers have pointed out that the U.S. market is cheapest in terms of valuation since Mar 2009. Thus, to assist some readers to shortlist some U.S. equities, I have sourced out the U.S. listed equities with the following criteria below and sort them by dividend yields. 1. Market Cap > S$10b; 2. Except for ETFs, companies should have recent analyst coverage. 3. Except for ETFs, companies should have FY2011F dividend yield. For...

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

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) Ascott Residence SGD 1.19 1.35 13.2% 1.29 1.08 1,339.0 17.0 7.2% 20.5% Mapletree Log Tr SGD 0.94 1.05 12.5% 1.00 0.83 2,268.6 14.2 7.1% 19.7% Starhub Ltd SGD 2.84 2.82 -0.8% 2.90 2.28 4,869.7 16.0 7.0% 6.2% Venture Corp Ltd SGD 7.91 10.45 32.1% 10.02 7.85 2,167.7 10.8 7.0% 39.0% Mapletree Indust SGD 1.23 1.33 8.3%...

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Rollercoaster ride for Leader’s shareholders. What’s next?

Rollercoaster ride for Leader’s shareholders. What’s next?                                                        29 Jul 11 Leader’s Environment (“Leader”) shares have plummeted 45% from an intraday high of $0.230 on 1 Jul to an intraday low of $0.127 on 19 Jul. It subsequently rallied 57% to an intraday high of $0.20 on 27 Jul. Before this roller coaster ride, I believe most retail investors have not heard of Leader. This is because firstly the company is an S chip with a market capitalization of only SGD94m. It does not have an Investor Relation Firm and does not publish any company contacts for shareholders and potential...

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Sino Grandness – Slid 19% after strong 1Q results

Sino Grandness (“SFGI”) has dropped 19% since its results release on 10 May 2011. This was sharper than the 5.3% corresponding decline seen in the FTSE ST China Index. What has happened and will SFGI continue its decline on the back of souring sentiment on the entire S chips sector? First, a snapshot on its 1QFY11 results Revenue rose 131% from RMB76.9m in 1QFY10 to RMB177.6m in 1QFY11. NPAT surged 374% from RMB6.6m in 1QFY10 to RMB31.3m in 1QFY11. EPS rose 346% from 2.6 RMB cents in 1QFY10 to 11.6 RMB cents in 1QFY11. To put the numbers in...

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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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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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