Author: Ernest Lim's investing blog

My interview with Business Times

Dear all, I was recently interviewed by Business Times. The interview was published today. Do refer to the article below. Campus Life   Published September 26, 2011 STARTING YOUNG Inspired by a soap opera (Business Times, 26 Sep 11) Ernest Lim knew he wanted to be an investor at the age of 21, reports DOLLY CHIA OBTAINING his Chartered Financial Analyst or CFA certification at a tender age of 28, Ernest Lim says he is currently getting 10 to 20 per cent returns from his investment capital every year. Mr Lim: ‘Sometimes we need to make mistakes in order to...

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Top Dividend Yielding Stocks in the Singapore Market

Dear all, I have compiled the dividend yielding stocks using my personal criteria. Data is correct as on 22 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) First Ship Lease SGD 0.30 0.43 45.8% 0.49 0.27 193.1 229.0 17.0% 62.8% Cityspring Infra SGD 0.40 0.44 12.6% 0.60 0.39 600.0 NA 13.2% 25.9% Macquarie Intl SGD 0.50 0.62 24.7% 0.63 0.50 633.5 NA 11.0% 35.7% Elec & Eltek USD 2.98 4.38 47.0% 4.00...

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Key takeaways from 1-1 Management Meeting with China Animal

Late last year around December, China Animal[1] (“CAL”) has been quite a “hot” stock where daily volume surged more than 10m shares for 12 out of the 23 trading sessions in December. Its share price also hit a record intraday high of $0.425 since its reverse take over of Colorland Animation Limited on 29 Dec 2007. However, excitement over the stock fizzled off and its share price has dropped 31% year to date. CAL has also been keeping a low profile for the past few months. It was indeed fortuitous that I have the chance to meet CAL’s management,...

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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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