Author: The Fifth Person

Sino Grandness (SGX: T4B) is a China-based company listed on the SGX. The company is known for its loquat fruit juice where the company claims to have an 86% market share in China. The loquat fruit juice is housed under the company’s brand of fruit juices called Garden Fresh/鲜绿园. The brand is distributed not only in China but also globally across the rest of Asia, Europe, and North America. In 2013, Sino Grandness was considered a hot stock when its share price surged three-fold to as high as $1.60 in six months. My friend’s dad asked my opinion on...

On 5 July 2016, Mapletree Commercial Trust (SGX: N2IU) (MCT) announced a proposed acquisition of an office and business park property, Mapletree Business City (MBC), for a purchase consideration of $1.78 billion. This will be MCT’s second acquisition since its IPO. As a unitholder myself, I attended the extraordinary general meeting MCT held immediately after its FY2016 AGM to find out more details about the proposed acquisition and to vote on the proposed resolutions. Here are 9 things I learned from Mapletree Commercial Trust’s 2016 EGM: 1. MCT is acquiring Phase 1 of MBC MCT is acquiring Phase 1...

If you’ve ever walked into an exhibition at Suntec City and admired some of the huge exhibition booths on display or stepped into a nice, newly renovated store of a major retail brand (like Uniqlo above), chances are Kingsmen Creatives was the company behind all that work. Kingsmen Creatives Limited (SGX: 5MZ) provides interior design work and fitting-out services for exhibitions, trade shows, museums, retail stores, and corporate properties. The company was founded in 1976 and employs over 1,600 employees across 19 offices worldwide. It is headquartered in Singapore. Since the Global Financial Crisis of 2008/09, Kingsmen Creatives share...

Mapletree Logistics Trust (SGX: M44U) (MLT) is a logistics REIT with 118 properties in eight countries – Singapore, Malaysia, Vietnam, Australia, Japan, Hong Kong, South Korea, and China. The properties include logistics parks, distribution centres, food and cold storage, and industrial warehouses. As you can see from the chart above, Singapore’s industrial production has been especially weak the past 12 months. I attended MLT’s annual general meeting to discover how the REIT performed over its last financial year and how the management planned to navigate the tough economic climate. Here are 15 things I learned from Mapletree Logistics Trust’s...

UOB Kay Hian has downgraded its rating for Singapore Post (SingPost) from “buy” to “hold”, while lowering its target price from $2.25 to $1.64 respectively. In a Monday report, analysts Andrew Chow and Thai Wei Ying say they have revised their earnings estimates down by 11-18% for FY17-18, anticipating SingPost’s earnings to be reined in by integration headwinds and goodwill provisions from leadership changes. However, they do expect earnings to pick up in FY18. “We continue to view positively SPOST’s steps to improve corporate governance, and deem its transformation to an e-commerce and logistics outfit as necessary,” say Chow...

Overseas Education Limited (SGX: RQ1) (OEL) operates Overseas Family School – an international school which offers the K-12 International Baccalaureate for children of expatriate parents living in school. The school has over 3,800 students of over 70 nationalities and has been around for more than 20 years. You might have noticed the school when it was located along Paterson Road (especially if you frequented the public carpark behind Ngee Ann City), but the school has since moved to new premises in Pasir Ris – a far cry from the bustle of Orchard Road. OEL’s share price has been on...

Keppel Corporation saw a 45% fall in earnings to $416 million for the half year ended June from a year ago, with its property division now the largest contributor. Keppel says this was mainly due to weaker operating results from its offshore & marine (O&M) division and also the absence of one-time gains from the infrastructure division compared to the same period a year ago. Net profit from the O&M business fell 59% to $156 million. In contrast, the property division’s net profit rose 18% to $194 million. Net profit from its infrastructure division declined more than 66% to...