Archive

Shares and Derivatives

CapitaMalls Asia: A late reversal?

April 4, 2010 by AK71
I spent a few hours in Ion Orchard today shopping with a friend who just moved into his new home.  Always nice to shop for things for a new home and watching someone else spend money.  It’s a very therapeutic experience without any real damage to my own wallet.  What was an eye opener was the [...]

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Where is the volume?…

April 1, 2010 by Kevin Scully
…small caps shine but the real value seems to be in I have noticed that over the last few months market volume has dwindled and until recently there has been little action among the small caps as well. It appears that many funds are sidelined being distracted by sovereign risk concerns (unfounded in my opinion) [...]

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Yield Watch: Telechoice revisited. Dividend Payout Sustainable?

March 30, 2010 by Drizzt
Telechoice is a yield stock that i notice quite long ago. I recall blogging about its full year performance in 2007. Since then i have invested and divested with it. A note to all: All figures used in this analysis can be found in this spreadsheet here [spreadsheet here >>] What does it do? Its [...]

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Kingsmen Creatives – Analysis of Purchase Part 2

March 28, 2010 by Musicwhiz
Part 2 of Kingsmen’s analysis shall touch on the Cash Flow Statement analysis and review, as well as the different business divisions of the Group and their clientele and customer base. Cash Flow Statement Analysis Looking at Kingsmen’s cash flows, one can see that apart from FY 2003 (listing year), they had managed to generate [...]

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Replies from AK71: All things Saizen REIT.

March 27, 2010 by AK71
For a friend who is hot on Saizen. On Saizen’s income (in Saizen REIT’s quarterly report, 11 Feb 10): “Operationally, Saizen REIT is not losing money. I think this is what you are concerned about. In fact, it made more money than the same period last year. This is remarkable if you realise that it [...]

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A closer look at Starhub

March 27, 2010 by Drizzt
I posted this over at Sharejunction and Channelnewsasia forum to address comments that starhub have too much debt that it is unsustainable. Take the latest figures on starhub. you can reference them on my google spreadsheet. Enterprise value and operating cashflow The current share price = $2.28 The enterprise value, which is (Market Cap + [...]

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Ajisen Ramen is into property! Si Mi Sai!

March 26, 2010 by Drizzt
When you get Ajisen Ramen going into property as well as textile company and semi conductor company, you should be very very wary. It is always when every one throws away any thought of risk management and go with the flow thats when you know you are near overbought levels. One is a Chinese state [...]

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My stock picks / Singapore portfolio was started in October 2008…

March 25, 2010 by Kevin Scully
..changes after the 2009 reporting season Kevin’s stock pick/portfolio performance(sorted by pick date) Current Price as at 22 March 2010 The table and graph above are from our premium section available to paying subcribers. It shows the stocks in the portfolio and their performance since they were recommended. I expanded the portfolio ahead of the [...]

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Ellipsiz sells building in Joo Koon road for S$4.4mn…this is the building that caught fire in March 2009…

March 24, 2010 by Kevin Scully
…what to do with this laggard stock in my portfolio Ellipsiz has sold its building in Joo Koon Road for S$4.4mn against its book cost of S$0.7mn.  This would increase its NTA by 0.86 cents to 8.89 cents. This sale is not surprising given that the reinstatement costs would be about S$2.6mn (also claimable from [...]

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Hongguo offer closing soon

March 22, 2010 by Alen
The major shareholder of Hongguo has received more than 90% of the company share. It looks like the delisting will become a reality soon. The offer is a generous one, considering the premium they are willing to pay. However, looking at it in the long term perspective, it is cheap for them to take the [...]

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Analysis of Macquarie International Infrastructure Fund (MIIF)

March 15, 2010 by Sgbluechip
Macquarie International Infrastructure Fund Ltd (MIIF) is a mutual fund company that has been formed to own, operate and invest in a diversified group of infrastructure businesses around the world. It offers investors an opportunity to invest in the Macquarie Bank Group’s first listed infrastructure fund in the Asian region and to participate in the [...]

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New PayTV rules:My opinion of how it benefits Singtel,Starhub and M1

March 15, 2010 by Drizzt
Seems like the government is really trying to promote competition by the telcos by making sure telcos can cross carry Pay TV content. What does this mean to each telco? How it works out for Singtel Many felt that Singtel is the biggest loser here. Offer Starhub’s content and create a more comprehensive bundle to [...]

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Healthway Medical: A beautiful symmetry again

March 12, 2010 by AK71
On 11 January, I had a post titled “Healthway Medical: A beautiful symmetry.”  In that post, I said: “I am a believer in chart patterns. See how the cup formation troughed at 9.5c and topped out at 14.5c? The target price in case of a breakout of the top of the formation is just a [...]

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First REIT: This one is for keeps

March 7, 2010 by AK71
You might have experienced deja vu before. It has happened to me countless times. Psychic? Maybe but sometimes, things just fall into place in the strangest ways. Today, I received a payment voucher from my broker on income distribution from First REIT. This is not a very glamorous REIT but I count it as one [...]

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Sing Holdings 2009 results – no major surprises but company did give update on Laurels….

March 2, 2010 by Kevin Scully
Sing Holdings, one of my newer Stock Picks released its 2009 results last Friday. There were no major surprises in the numbers but the company did give an update on its project in Cairnhill – The Laurels”. 2009 results take-aways: a) revenue in 2009 rose 243.6% to S$71.03mn b) net profit was S$7.24mn up 426.6% [...]

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Tat Hong – 1H FY 2010 Analysis and Review Part 3

March 2, 2010 by Musicwhiz
In this final Part 3, we will look at Tat Hong’s Inventory levels and I will comment on their slow but steady transformation into a “rental” company and also their building of their tower crane business in China. I will also give a quick summary and low down on the progress of their planned China [...]

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New measures to ensure a stable and sustainable property market might cool interest in property stocks for a while…

February 21, 2010 by Kevin Scully
…what does this mean to Sing Holdings ??!! Last night the Ministry of National Development announced two new measures to further cool the property market in Singapore. The measures included a stamp duty payable on properties sold within one year of purchase of 3% and  a reduction in banking financing quantum from 90% to 80% [...]

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GRP – 1H FY 2010 Analysis and Review

February 18, 2010 by Musicwhiz
On February 5, 2010, GRP released their 1H FY 2010 results. Considering the Company has hardly any news and updates in 6 months (it does not report quarterly), suffice to say this was quite a “momentous” event indeed! I immediately sat down to thoroughly run through its financials, commentary and to read about its plans [...]

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